RENOUNCEABLE RIGHTS ISSUE OF UP TO 528,169,300 NEW ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS") ("MLABS 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 TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT B FOR EVERY ONE (1) EXISTING MLABS SHARE HELD BY THE ENTITLED SHAREHOLDERS OF MLABS AT 5.00 P.M. ON 11 AUGUST 2017 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE WITH WARRANTS")
For my opinion, the price limit is 0.095-0.100, the price will never go downward as the right issue price for 2 share and 1 warrant is 0.15x2 = which is 0.3. we dont count on the exercise price of the warrant, then each share will worth about 0.100. So the price nw is also 0.100. So i think when their right issue stock is ready, then this stock will ready to fly~ if drop even more, then should be caution.The stock maybe start move slightly uptrend tmr.
yup~ u are right, the warrant also need excercise price...not free at all...which means that the stock will be goreng in this few days maybe tmr in order to make the warrant worth enough, if not, the right issue they subscribe is a loss. If wan must enter nw~
It looks like the director purposely push down the price so that they can buy at cheaper price. They could have receive Letter of Award for some projects.
@mosiong wong how you know i at gua tempurung. Yesterday change plan buy all in lower price. Keep throw again my clients give me more commission . They want big volume so happy to collect it
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....
RedEagle
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Posted by RedEagle > 2017-09-13 18:30 | Report Abuse
RENOUNCEABLE RIGHTS ISSUE OF UP TO 528,169,300 NEW ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("MLABS") ("MLABS 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 TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT B FOR EVERY ONE (1) EXISTING MLABS SHARE HELD BY THE ENTITLED SHAREHOLDERS OF MLABS AT 5.00 P.M. ON 11 AUGUST 2017 ("ENTITLED SHAREHOLDERS") ("RIGHTS ISSUE WITH WARRANTS")