I understand that existing warrant will be lower 3 cents from current n as replacement, they is giving xtra warrants to existing holders. Correct me if i am wrong
Kimi DONT buy. Bet it will plunged like hell. If you have no ordinary shares buy the rights to exercise. Tomorrow is ex-date and personnally, will be selling the mother share and use the proceeds ++ to exercise the rights. I bought back the mother at 46.5 when it crashed down after I cut losses at 52 mother and 27 WA. Lost a sum as mentioned earlier.
Bought back some mother on 4 Sept for the rights ONLY. Did not sell even when it returned to 60cts for this sole purpose only.
Am NOT doing myself a FAVOUR by telling you not to BUY. If I am NOT on your side wouldn't I encourage you to BUY - as I will be SELLER.
INTERESTED PARTIES behind the scene will likely continue supporting the share price until 6 Nov.
Derrick I am glad you at least 1/2 your position. You will see that you did right tomorrow. Guarantee. The propping I mentioned is keeping the mother shares above 17.5 + rights price cts say > 23cts not WA
Sorry, I under-estimated the power and cunning of the INTERESTED PARTIES. This is only a game. WORSE consequences will come before 6/11 to the unwary. Using peanuts to catch monkeys. Should have seen that in advance. Be patient. Imagine 4x of new shares (2.72B) and 680m new WA flooding the market and screaming to SELL.
cant understand how this work, did we miss something?? there will be so much shares and wa created, yet people are willing to pay above the (OR+0.175) and is just few weeks down the road.
When I first started to "frighten" people in early Sep to be careful on the Ex Date and the impacts on the current Wa, it was traded around RM0.40-RM0.50....From time to time I keep on frightening people on the risk of buying this counter...some chosed to believe and some not...I did mention that they might goreng on Ex date so as to lure people to buy ORs at high price then...I am not an Angel but I am certainly not trying to make money at your expense (I prefer HS's money).Instead, you should be more careful for those who painted a very nice pictuce (such as TP RM0.90 etc in near future)....For this kind of goreng stock, just be extremely cautious and you still can make some money. Last but not least, I am going to frighten you people again....upon listing of the new shares on 21 Nov, Good luck!!
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....
derrickinvestor
9,091 posts
Posted by derrickinvestor > 2013-10-16 19:24 | Report Abuse
@heeroo how abt u? Hold on to it?