RENOUNCEABLE RIGHTS ISSUE OF UP TO 528,169,300 NEW ORDINARY SHARES IN MLABS ("MLABS SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE TOGETHER WITH UP TO 264,084,650 FREE DETACHABLE WARRANTS IN MLABS ("WARRANTS B") ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 1 EXISTING MLABS SHARE HELD BY THE ENTITLED SHAREHOLDERS OF MLABS AT 5.00 P.M. ON 11 AUGUST 2017
Bubble Ex-date is 9/8/17 If you hold until ex-date you are entitled to the rights Should you exercise the rights you will get the new shares and free new warrants MLAB-WB
the odds of buy and sell is1:3 u choose.. its obvious it wont go up.. or just to trap investor.. who subscribes will be dead for a long time.. the same pattern previously, when OR for Warrant A is out.. the trend is the same.. do research guys.. dont get trap..
KUALA LUMPUR: Mlabs Systems Bhd has signed an agreement via its wholly-owned subsidiary Multimedia Research Lab Sdn Bhd (MRL) to sell an initial US$300,000 (RM1.29 million) worth of high definition video conferencing products to China-listed Fortel Solutions Ltd.
Mlabs has also appointed the Hong Kong-based Fortel, an online content distribution platform provider, as its international distributor in China, the group said in a statement today.
Fortel committed to the US$300,000 purhcase of MRL’s products for an initial one-year term, which is renewable thereafter, Mlabs said.
MRL is involved in the trading of video conferencing systems and the provision of mobile application solutions.
Shares in Mlabs closed up 0.5 sen or 2.94% at 17.5 sen today on 31.5 million shares traded, making it one of the most actively traded counters on Bursa Malaysia today. It has a market capitalization of RM101.83 million.
they purposely push up to attract retailers to buy the OR,same like anzo case. after the rights being subscribe mlab price will be like anzo.all these moneygame operators swindle people money to use as capital to manipulate stocks
at least this share is maintain at 0.20 above now for some time, seems like distribution agreement between Fortel Solutions and Multimedia Research Lab do help to push the price, the news do have some function
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by notebook > 2017-08-10 10:27 | Report Abuse
buy more pls