It will hibernate until warrant expires then they will do another RI with free WB pulak. Then they will push up to attract people to subcribe. So don’t go after Warrant
good news for moon touch , kids also known that , peeny stocks were push up by shynicates lah This stupid EDGES telling us a kid story! everybody knowing penny stocks were goreng up except EDGES only knew yesterday too late kah ! l am sure he was losing money because STUPID
Additional Listing Announcement Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 30% of the total number of issued shares of mTouche Technology Berhad No. of shares issued under this corporate proposal 243,759,500 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0608
On the subject of the impending expiry of the company's warrants, this must be a period of great anxiety for the current holders to find themselves that their holding could result in them suffering a huge loss.
In this respect, I wonder if the management would be kind enough to consider applying to the authorities for an extension of the expiry date for these holders. By doing so, it would show that the company would not want them to suffer the consequential loss when the 190.6m warrants expire on 2nd November at NIL value, and has therefore the interest of the warrant holders at heart
It must be remembered that when the warrants were issued, they were used as an enticement to shareholders to subscribe to the rights issue, details of which are as follow:
Description : FREE DETACHABLE WARRANTS IN MTOUCHE TECHNOLOGY BERHAD ("MTOUCHE")("WARRANTS C") ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO557,500,566 NEW ORDINARY SHARES IN MTOUCHE ("MTOUCHE SHARES") ("RIGHTSSHARES") AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE TOGETHER WITH UP TO278,750,283 FREE DETACHABLE WARRANTS C ON THE BASIS OF SIX (6) RIGHTS SHARESTOGETHER WITH THREE (3) FREE WARRANTS C FOR EVERY TWO (2) EXISTING MTOUCHESHARES HELD BY THE ENTITLED SHAREHOLDERS OF MTOUCHE AT 5.00 P.M. ON 3 OCTOBER2017
People who subscribed to the rights were 'rewarded" with the warrants, and if the expiry date is not extended, their reward would be all in vain and now turn to naught.
By extending the life of the warrants, it would provide relief to the holders, and they may get to enjoy the reward that comes with increase price of the warrants, when the project takes off successfully, financed by the recent private placement.
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....
stan20
80 posts
Posted by stan20 > 2020-09-16 23:52 | Report Abuse
@su1801 moon = 0.1 + ?