So many question marks for this counter,thats why keep dropping.Might go up once the warrants are listed.To boost the warrant price,the mother should be goreng on the listing date.The company only announced that today by 4.00pm if you dont sell u r share then you will get the free warrants but never say when is the listing date. I hope is tomorrow.
Technical indicator showed bullish trend. Either today, tomorrow or friday the big bull will kick in due to the court case I feel. Lets hope Federal Reserve give good news to9.
Kindly be advised that MRCB's 537,887,605 Warrants issued pursuant to the Proposals will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing and quotation of the Warrants on the Main Market will be granted with effect from 9.00 a.m., Friday, 20 September 2013.
The Stock Short Name, Stock Number and ISIN Code of the Warrants are "MRCB-WA", "1651WA" and "MYL1651WAS98" respectively.
Each Warrant entitles the registered holder to subscribe for one (1) new MRCB Share at any time during the five (5) years period commencing on and including 17 September 2013 (“First Issue Date”), to the close of business at 5.00 p.m. on 16 September 2018 (“Exercise Period”) at RM2.30 per new MRCB Share (“Exercise Price”) subject to adjustments in accordance with the provisions of the deed poll dated 22 August 2013 constituting the Warrants.
The Consideration Warrants in respect of the Proposed Acquisition of P.J Sentral will be issued separately, after the resolution of the Legal Proceedings. For the avoidance of doubt, the Consideration Warrants in relation to the Proposed Acquisition of P.J Sentral shall entitle the registered holder(s) to subscribe for one (1) new MRCB Share at any time commencing on and including the issue date (“Subsequent Issue Date”), to the close of business at 5.00 p.m. on 16 September 2018 at the Exercise Price subject to adjustments in accordance with the provisions of the deed poll dated 22 August 2013 constituting the Warrants.
Any Warrants not exercised during the Exercise Period shall thereafter lapse and cease to be valid for any purpose.
Each investor evaluate a counter depends not only the solid figures alone. There are some qualitative measure as well. Such as the composition of The Board of Directors or any new plans ahead that can stir the company to a greater heights. Always ask ourselves why do we want to hold and what trigger us to sell! No one can tell you exactly when to sell or buy as we are just a minority shareholders.
Hopefully it does! Hit certain limit again by the second session of today and then the MRCB will start to swing upwards be it today or Monday. How nice!!!!!
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....
angkor
451 posts
Posted by angkor > 2013-09-03 16:08 | Report Abuse
will the mother share price be adjusted once the free warrant date go-ex on 5 Sept?