this sobri really like to find back his wedding memory ,alway marry deal ,cant see which party going to pick up his marry deal ,may be marry deal to me get more milo peng ? milo peng tak mahal ,no need marry deal lah ~aisyek ~
abdulhalim, don't come here and spew invalid predictions with no factual backing and educated reasonings.
for all we know, you're one of those shallow and uneducated investor seeking to put feat into others. you can't foresee the future, so don't simply say the price will go down, without any analysis.
we do not need your comments here, so please, before you make urself more stupid and embarrassed here by the rest, quietly move out from this forum, as we do not welcome haters here to pollute our professional discussions.
As in my earlier postings, I kept for > 3 years and past 6 mths have topped up more. All articles said they made money and looking into expansion/mergers & the recent off-market deal and married deals shows that there are some willing block buyers. Just my personal bet - something is up, just take this share on long term basis. Short term - you have internal and external crisis. Haih..life is sure perplexing.
The detail announcement says RM 30million rights issue money is reserved for future merger/acquisition. Getting the funding process moving first while looking into some corporate deal. If so then GOOD. Plus with the recent off market and kahwin deals, my bet is something is brewing.
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 635,910,916 NEW ORDINARY SHARES OF RM0.10 EACH IN EAH ("EAH SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING EAH SHARE HELD, TOGETHER WITH UP TO 317,955,458 FREE DETACHABLE WARRANTS IN EAH ("WARRANT(S) C") ON THE BASIS OF ONE (1) FREE WARRANT C FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED FOR, ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS");
=>If u got 1,000 EAH share now, just need to pay RM100 to get another 1,000 of right issue shares and 500 free WC. The entitlement and ex-date to be determine later.
Suppose this is a absolute good news for existing shareholder/investor. However, it doesn't look like it as today's volume is so high yet only up little. It seems like "somebody" is trying to maintain its price at 0.18 for the upcoming right issue exercise which is really disappointing the most. Fully controlled like before WB was issued. Foresee that the price wont shoot up and above RM0.20, so if u r contra player then this might not your choice. Mid-long term? yet to tell...
A really good company would raise the capital itself and reward its investors not suck up money from its investors. Why should we pump in more money? Since listing the investors have yet to see any gain from this counter.
sid_slash is right on the dots. Since inception date, the company is making profits and they should just issue free warrants to shareholders instead of tapping shareholders funds from right issue. The first 2 tranche of warrants just been issued and now the 3 free tranche is tangle out to right issue as sweetener.
Can't they wait for the warrants holders to exercise by propping up the mother share?. One issue is quite interesting is the MD Sobri keep disposing the shares on and off when it reached new high along the way.
Something is not right it seems. I don't think it can be another MYEG.
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Posted by sslim > 2014-03-13 10:52 | Report Abuse
may be sell to his wife.. haha