so far OR selling price for Fintec....0.005 to 0.020 GoCean...0.005 to 0.015
look bleak if want to sell highest possible price. 0.005 easily sell 0.010 possibly sell
0.015....50/50 can sell 0.020....depend on timing and luck.
let say currently you hold at 0.225 (last price) if RI sold off at 0.010 so it is 0.010 x 6 RI, you have....mean 0.06cent
0.225 minus 0.06 cent Your left only 1 original share after deducting OR price worth only
0.225 - 0.06 = 0.165.
So remember to buy from market if drop from 0.165 since if you sold OR at 0.010
whoever bought your 6 RI OR will definitely convert thus their is only 0.120 + 0.01 Only 0.121 per share and having 6 Fully mothershare.
Thus whoever buy just before ex-date to get 6 RI.......DO NOT SELL your OR..... DIE DIE DIE must come up money to convert that your average will be 0.135 each with 7 mothershare.
Sorry sifus.. I'm new in this.. I bought at 0.35 20k units only. Should I buy more to make it lower cost? And wait for good time or sell it? Or I should do something other solution? Iplesse guide.
actually i dont really understand how it works. i was one of the poor soul that got converted from share consolidation. already losing money and now i see mother drop even further. =.=
lana86, sell off the parent shares and use the fund to subscribe to the Rights...if you dont subscribe to the rights , you have no chance for recovery ...if unsure how to subscribe , ask your remiser..
@jlex11 thank u for your advice. do you know when is this rights conversation happening? i tried searching online but can't seem to find additional details about it.
@jlex11 thank uuu. found it. im checking with my remisier, if cost too much ill just let it go. No more letting DGB take anymore of my money
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,202,508,096 NEW ORDINARY SHARES IN DGB ("DGB SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE TOGETHER WITH UP TO 601,254,048 FREE DETACHABLE WARRANTS IN DGB ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 22 DECEMBER 2020 ("RIGHTS ISSUE WITH WARRANTS").
What a pity for those investors who not aware of this RI exercise. Oways got to folo thru d announcemn made by d shares comp tat u had invested. Otherwise, u might trapped by those Corperate exercises
@sharewiz118.....why don't you take the money and invest in yourself with knowedge ,technical and pay to seek advise on how to trade in the stock market...rather than asking in the forum here for free...Maybe you have not get your fingers burn yet...my 2 sens...
Just to share not scare, i used to have Trive they did smth similar if you buy the mother share they offer free warrants. At that time it looked like a very good deal and without thinking dumped a lot of money in. What happen was, the warrant dropped to level below starting price and never recovered until eventually expired and the mother went from 0.20 if i didnt remember wrongly all the way to 0.01 (and maintained at 0.01 for quite a while) and now they did consolidation =.=
I contacted my remisier and asked how much is required for top up for rights DGB, i have 7lots but she said i needed about RM4k+ as topup. No way im dumping that much money in sumore so i managed to sell it all off. I lost quite a lot.
So think properly before buying, the choice is up to you of course.
@lana86...7lots after consolidation that means original is 70 lots @ 1.00+..thats means your capital is totally wipe out clean...so lesson learn...do a through search on a company business,profit & loss....etc before investing..hopefully you will make back the capital back someday...my 2 sens...!
@Bgt9963 yaaa sumtimes we think we are smarter than the market but actually, the market is even smarter. I always end up kena makan. My lessons are very pricey :(
Tell everyone never buy these syndicate companies. They all did pump and dump this year. Netx, dgb, fintec, mlab, pdz, at. Let these companies die to save a lot of peoples money. The scam is the same, consollidation and split several times. And adjust all share prices to look like it still has potential. Tho the shares right now actually worth nothing.
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jlex11
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Posted by jlex11 > 2020-12-21 09:20 | Report Abuse
Expect the OR to trade between 0.5 to 1cts...do your maths and decide..