Let review again why we buy and hold Eduspec : according to priority :
Proposal 4 proposed bonus issue of up to 550,906,750 free warrants in Eduspec (“Warrants B”) on the basis of 1 Warrant B for every 2 existing ordinary shares in Eduspec (“Eduspec Shares” or the “Shares”) held by shareholders of Eduspec whose names appear in the record of securities holders established by Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”) Notice the word : FREE WARRANTS That one reason why everyone is buying.
Proposal 1 proposed issuance of up to 600,000,000 new 2% cumulative redeemable convertible preference shares in Eduspec (“RCPS”) at an issue price of RM0.10 each (“RCPS Issue Price”) (“Proposed Issuance of RCPS”);
Notice the word : issue price of RM0.10 So it is not wrong to presume Edu Spec share will be more than 0.10 sens after AGM or EGM approval on the proposal. Otherwise who will want to subscribe to RCPS
For RPCS , The reason why I said earlier that will be private placement is because .. look carefully
On even date, the following agreements have been entered into:- ii. a subscription agreement between Eduspec and Advance Opportunities Fund (“AOF” or the “RCPS Subscriber”) in relation to the Proposed Issuance of RCPS (“RCPS SA”).
Notice the word : (AOF or the what..... RCPS subscriber.....) what that mean is AOF will be the subcriber of RCPS. I will presume it will be 100%.
Interesting is : who is AOF.. Advance Opportunities Fund.
Previous company that relate to AOF .. who is AOF again... remember " Advance Opportunities Fund" Tiger Synergy Bhd Tanco Holding Berhad Damansara Realty Bhd Hubline Kanger
There are many more
What one need to do is go to each of this company and see price over period of 5 years and counter check when did they raise capital .... RCPS or whatever you call it. and see the price after 3 weeks of the shares... you will be surprise.. recent again... is Kanger....... that will be the 2nd or third time.... it raise
But I buy Eduspec not because of Advance Opportunity Fund. Lest of my priority. Good to know that AFO is in.
I buy because of 2 consecutive qtr profit which is higher than the first. Bidding of Government School Projects 2020 Invited to Bid for Ubezkistan Government School 2020
and of course FREE Warrants. that 1 for every two shares held.
So that a lot of research tip on top ... you decide...
Every qtr the net profit higher ... the price will raise further... next fews quarter especially.
For limit up to happen will be based on news .. Secured Malaysian Government School Projects 2020 or' Secured Ubezkistan Government School Projects 2020 or When the Team park start operating ...
Limit up from the the current price of that moment of announcement.
Good night
So tomorrow price will go up or ? and how about Friday before 5.00pm
Notice the word : issue price of RM0.10 So it is not wrong to presume Edu Spec share will be more than 0.10 sens after AGM or EGM approval on the proposal. Otherwise who will want to subscribe to RCPS
actually i prefer the price move up slowly and strong. Then when there's good news eg. good qtr, contract, or free warrant, the price surge super high. Director or management should aware of the event timing.
in my opinion .. to vote yes for RCPS is also good. Eduspec need the RM60 millions that can be raised though RCPS for teampark project and for working capital....that give a more stable or confidence to accept big billions dollars project. When one is awarded contract ... the company need to spend to initialize the starting of the projects like hiring more educators or operations Manager or tambah ... employees...
This is also our company ... Vote RCPS as yes. Vote all as yes.
The propsosal approval by Share holders shld not be a problem. What i m refering is the above comment on the rculs in the proposal 1 by above post is not Correct
Jaynetan ... thanks ... No ...not offending at all .... must learns from each others. Good night. It is very late here .. tomorrow still have to work...see you all tomorrow.
wow look at the que this morning .........buyers already keyed in 0.07.........keep up the momentum ..........l think can hit 0.09 today ( personal opinion la ) hehehehe
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....
ATARAH
4,026 posts
Posted by ATARAH > 2019-08-07 17:02 | Report Abuse
Please advise close what price , what the support buy 0.06 or 0.065