*********************************************** To this end, the board of XOX has decided to take the opportunity to participate up to 20m RM in the ongoing DGB rights issue, by applying for excess
************************************************
what the meaning by applying for excess?
Does it mean XOX need to buy DGB OR on Open market tomorrow?
Well, XOX only need to buy OR at 0.005 , volume needed 160 million and then convert at 0.12cent.
With the details of the SPV to be finalized, this move sees XOX continuing to expand its business scope from being a traditional MVNO, into establishing the building blocks for a foundation in media & content, fintech and microfinancing strategies. To this end, the board of XOX has decided to take the opportunity to participate up to 20m RM in the ongoing DGB rights issue, by applying for excess, as part of an overall strategy to have cornerstone stakes in various silos of complementary businesses, to harness synergies and operational directives.
In order for XOX to buy DGB right issue, it need to buy OR today.. unless somehow DGB donate the OR to XOX ( if that is the term call applying for excess)
if buy OF from the open market, automatically convert to Mother, but have to pay premium rite? while whose with OR Rights will automatically convert for FREE with the 0.12 Subscription Price. Please correct me if im wrong.
Correct me if im wrong... Buy OR from.market 0.005 Then via registrar convert the OR just bought. Also thru registrar pay 0.12 per unit for convert. Last date to convert is 8th jan 2021.
Convert means from one OR you convert into one mother plus you get few warrant C ? Right?
No automatically la. You have togo thru conversion process which is thru REGISTRAR. if your trading account can do for you you need to make sure money is enuff in your account.
If cannot then you have to deal with registrar yourself.
Well with the amount of new shares issued compared to existing at 6:1, its more or less like a backdoor listing raising lots of cash Wonder what management will do, anyone hear anything?
Well the volume to push DGB mother up and support above 0.20 is very light So wouldn’t take much to drop below 0.12 Best to make decision to convert late next week
lain syarikat issue satu kali shares dapat 20mil pun sudah bina kilang .tiap tiap tahun pun ada revenue 100 mil profit pun ada 10~20 mil ,ini lancauu DGB issue shares tak habis habisan issue shares tiga tahun raised fund pun lebih 80 mil apa lancauu pun tak ada macam money games syarikat...
i rather burn my OR.. because DGB is one useless Goreng...
Share Consolidation 10:1 then after that hamchoy from 0.4x to 0.5x and then 0.225.....
RI almost immediately.....0.16 to 0.17. and then because OR no laku....2nd day Magic show 4:30pm 0.17 to 0.250 then close 0.205..
So OR still no laku even last day today... Mother ended 0.225
So, why OR no laku...?
RI is for what fuckkkkk? Their RI is for their never ending Ping U App......AI Vending Machine....
Good Business prospect kah?
Better don't convert....i rather burn my OR.
oh ya....XOX will be given free excess OR... XOX will help up to 20 million fund.
This is the 1st time, i see OR Seller cannot sell their OR even at cheapest price 0.005 for 4 consecutive day which ended today 1st day OR can sell 0.010 2nd day last Thursday until today Wednesday OR Trading ended.....also no buyer
XOX should thanks both dophinestock and HamsterHuat for their continued hantamn at DGB since OR listed, for they can subscript RI free, it market condition still like now when RI listed, they will make money; but if Mkt crash than all mampus not only this counter.
b4 fintec RI out also you kept saying subscribers will lose money, with Wa they are still making a little. Gocean will lose or not wait for tmr, I had mentioned earlier, it is not suitable to compare Fintec and Gocean with DGB bec both of them didnt have shares consolidation while DGB has shares consolidation so after RI, their amount of shares is less than b4.
If Fintec listed shares increased to 2.88 bil those subscribed for RI still not losing money, then why should DGB RI subscribers lose? XOX has agreed to underwrite those RI, so will it be under subscribe or not, I dont know I didnt check. The timing of RI listed also will affect.
B4 shares consolidation, DGB shares was 10 to 18 cts since 2017, so I think it worth a try to subscribe for the RI.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 352 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11670 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
dolphinstock
66 posts
Posted by dolphinstock > 2020-12-30 00:36 | Report Abuse
Kahkah have u read the news, XOX will gobble up DGB RI for RM20mil. Dont have any investor، last2 sindiket company sendiri kena tolong beli.