funny. bankers has been doing selling and buying all the way from above 20c to this level. they won't sell all the way as no buyer will come in if they dump in such a way. they need to create a picture that someone is buying and collecting then only have our lovely buyers from here to dump dump buy and dump dump hold.
As approved at EGM on 27October2017, the share Ex-date will be in middle of November on the basis of 6:1 + warrant(conversion price will also be adjusted to 0.09) . Will the warrant price drop by then? I hv bought a lot WB at 6 cents.... Hold or throw? Pls advise.
When retailers buy, they keep on giving ,something fishy. ,some already sold out their conversion price and combine together with cut losses make up huge volume of 164million shares. Retailers not that much but two rivalry group exchange hands. Support level of 15cts broke out. Will tomorrow another sell off?
EX-date 09 Nov 2017 Entitlement date 13 Nov 2017 Entitlement time 05:00 PM Entitlement subject Bonus Issue Entitlement description BONUS ISSUE OF UP TO 432,629,350 NEW ORDINARY SHARES IN THE COMPANY ("TRIVE SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 6 EXISTING TRIVE SHARES HELD BY ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 PM ON 13 NOVEMBER 2017 ("ENTITLEMENT DATE") ("BONUS ISSUE") Period of interest payment to Financial Year End 31 Jan 2018 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no SECURITIES SERVICES (HOLDINGS) SDN BHD Level 7, Menara Milenium Jalan Damanlela, Pusat Bandar Damansara Damansara Heights 50490 Kuala Lumpur Tel:03 2084 9000 Fax:03 2094 9940 Payment date a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 13 Nov 2017 b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. Number of new shares/securities issued (units) (If applicable) Entitlement indicator Ratio Ratio 1 : 6 Rights Issue/Offer Price Par Value (if applicable)
Remarks : The Bonus Issue will entail the issuance of up to 432,629,350 Bonus Shares on the basis of 1 Bonus Share for every 6 Trive Shares held by the entitled shareholders whose names appear in the Record of Depositors ("ROD") of Trive at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The actual number of Bonus Shares to be issued will depend on the issued share capital of Trive on the Entitlement Date, taking into account any exercise of options granted under the existing employees share option scheme of the Company ("ESOS") and existing Trive warrants 2017 / 2020 ("Warrants B").
The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 14 November 2017, being one (1) market day after the Entitlement Date.
Trive's Share Registrar is expected to issue and despatch the notices of allotment for the Bonus Shares to the Entitled Shareholders not later than four (4) market days after the date of listing and quotation for the Bonus Shares.
Holders of Warrants B ("Warrant B Holders") who wish to be entitled to the Bonus Issue shall exercise their Warrants B to subscribe for new Trive Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Trive's Share Registrar (at the address stated above) on or before 5.00 p.m. on 3 November 2017. This is to enable the new Trive Shares arising from such exercise to be allotted to the respective Warrant B Holders such that their names will appear in the ROD for Trive Shares at 5.00 p.m. on the Entitlement Date.
This announcement is dated 30 October 2017.
Announcement Info Company Name TRIVE PROPERTY GROUP BERHAD Stock Name TRIVE Date Announced 30 Oct 2017 Category Entitlement(Notice of Book Closure) Reference Number ENT-30102017-00001
2 rivalry groups or 2 invisible hands? Only seasoned players can decipher out....
Most warrant converters pay at 14 sen or higher per mother share. Would they be willing to sell out at below cost tomorrow? Or would it be the "notorious" work of the 2 invisible hands again?
Holders of Warrants B ("Warrant B Holders") who wish to be entitled to the Bonus Issue shall exercise their Warrants B to subscribe for new Trive Shares by lodging their duly completed exercise forms together with the relevant subscription monies with Trive's Share Registrar (at the address stated above) on or before 5.00 p.m. on 3 November 2017.
Setahu saya,siapa yg hold 6000 share mother akan dapat 1000 share mother bukan waran b dan biasanya harga mother turun masa x date.pemegang waran b tidak dapat apa2 cuma harga exercise akan diturunkan dan mungkin pergerakan harga waran lebih baik dari sebelum ini.ini sama kes Bright waran yg terbang dari 5 sen kepada 11 sen selepas bonus mother selesai.
Wing Yean Ken, pls read properly n pay attention to details. Warrant B holders will only get bonus of new mother shares if the holders exercise n subscribe for new mother shares on or before 5.00pm 3 Nov 17.
FYI, the message is clear, owner of trive share, every 6share free 1bonus share, 6000 share gets 1000 free share. Waran B have to convert to mother share in order to get free bonus, if you bought warrant B at ten cts you pay exercise price 10cts,,eg 5cts+10cts=15cts,therefore your cost is 15cts mother share which automatically enjoy your bonus every 6:1 .Why not buy mother share in open market yesterday closing 14cts without necessarily facing the hassle waiting period of eight days. Those who intend to convert have to submit by 3rd November, so that by 9th Nov ex date for bonus in the registration and entitlement by 13thNovember not later than 4pm.The following day you received the bonus entitlement trading in the open market. Buy as much as you can afford at the bottom is the best solution. However, whoever own wb is fluctuating to the price of the mother share. Example if mother share raise to 30ctd ,the warrant B value is approximately 30cts minus exercise price 10 cts (20 cts) depending on the market trade. I recognize, buy more mother share and keep the wb that expire by 2020..Both are equally good provided nothing changes as agreed and approved during EGM. It's a long term investment for the growth of Trive property and technology. Don't worry, the undertaking is back up by international back up Banking Macquaire reputable financial institutions managed and monitoring. Sharks are traders Vs banker just like baccarat banker Vs player. Buy at the right time for the future growth as defined, new township kerteh, Solar energy development and mou SPNB to complete the houses for lower and medium income group as approved in budget 2018.Target price when definitive agreement completely done around 47cts.Best of luck trade wisely and don't be greedy.
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....
Pacbut286
121 posts
Posted by Pacbut286 > 2017-10-30 16:31 | Report Abuse
Its just panic selling i guess. SL @0.1