The aforementioned issue price of RM0.085 per Placement Share represents a discount of approximately RM0.004 or 4.49% from the five (5)-day weighted average market price of Flonic Shares from 4 December 2013 to 10 December 2013 of approximately RM0.089 per Share.
exactly freaker... im curious myself... last time when thheavy had a fund raising exercise, the price shot up significantly. im just hoping same thing happens to flonic. if not, well looking at the bright side, who would wanna spend almost 3 million for nothing right?
private placement listing mean what? they not yet find the buyer? or it will throw in open market to let ppl buy? can someone explain? sorry for noob qs.
Her holding was 31.5 mil shares before PP. Now 46 mil. what happened to the other half of the 34 mil shares? who bought those? plus its kinda weird as this is not as how it was proposed earlier. Am i missing something?
Hi, Fifijalal, Announcement dated 30-10-2013, Tan Siew Ching converts 14,661,824 Warrants into ordinary shares, so total no of shares after change = 46,161,824 (12.66%). After Private Placement and listing of new share on 23-12-2013, Total shares for the company has been increased, and Tan Siew Ching's 46,161,824 share = 11.55%. (Private not subcribe by Tan Siew Ching).
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....
oily gassy
760 posts
Posted by oily gassy > 2013-12-10 14:04 | Report Abuse
Yes.might break previous high as it is expected to make a positive results announcement anytime soon.