From now to 5 April, it only left 5 weeks. Is it sufficient time to complete the whole exercise by then? Anyone familiar with this issue can comment? Any investment banker here?
Still remember nextnation? It's share price fall to 0.08 when the right issue sell at 0.10, n it break 0.10 up tp 0.15 when the management announce bonus issue. May be dgsb will react on the same way, break 0.10 after settlement of right issue, if it x rise up above 0.10 on 5 April
Its previous announcement said that the right issue exercise must be COMPLETED by 5 April 2014. What does "completed" means actually? Last day to announce the relevant dates after the RI exercise has been approved by Bursa? Or means that the right issue shares & warrant must be listed by 5 April 2014? If it means the later, then I afraid that it might not have sufficient to do so. Left only 1 month. Any investment bankers here that can advise?
They have 2 option, exercise the right issue, or cancel it last minute, as bursa announcement only said cant postpone anymore but x say cant cancel it.
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mazda626
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Posted by mazda626 > 2014-02-25 11:18 | Report Abuse
In many occasion in penny ACE counter NTA valuation does not apply but price behave more like Random Walk Theory. I might be wrong too.