Warrant exercise price is 1.00. Current price is 0.8x. If you can buy mother at lower cost, why you want to pay more? Unless someone push the share price to more than 1.00, or someone want to donate money to Insas.
Insas must come up with a good business proposal and execute it to sustain the share price above RM1.0 and grow higher when the plan turns into tangble results that market can see.
Insas can strong guide the market to exercise the warrants if they target the entitlement x- date of the special bonus say in March 2020. In this way, whoever hold warrant B holders will exercise their warrants. If the exercise period is extended and the timing of the special bonus x-date is before that, the warrant holder may not convert because the share price will drop back below RM1.0 after X date.
The only sure way to have sustainable higher market share price is when the company is making have growing profits, ROE ( say >10%) and start giving growing dividends.
A good reason for applying to SC for suitable extension of the warrant expiry date is to allow INSAS to come up with a good tangible business plan to utilise the additional money raise from the shareholders to earn more money for the company.
The extension of warrant expiry period must also be accompanied by the special bonus with a x-date of the special bonus shortly after the extended expiry date. As at now, Insas 'business as usual' will not be able to able to command a sustainable higher market share price. There is no hostile take over because the Thongs and their associates have over 50% control.
If Halim or others have any intension of taking over, he/ his associates would be buying Insas shares and WB. Share prices would be on up trend already. The quietness reveal what is behind. They know it is not possible to succeed in a hostile take over because Thongs and their associates have more than 50% in their hands.
If Halim could ever succeed, it would also be BAD for INSAS and its shareholders in the long run. I am not aware that he had generated true business values by growing business through competitive and superior goods and services to society and hence creating more market values and market capitalisation. It is more like flipping, previlleges, etc, that they mistakenly understand to be called "Dignity"and they want more of those "Dignities". Hard work, competitive, honestly, integrity which are important qualities of DIGNITY are probably not in their belief system.
Dear all. AGM minutes will be published in INSAS website when it is ready. The shareholders make know to the board they are tired and not satisfied with the prepared standard answers given to the MSWG and shareholders questions which seek to comply with SC/Bursa rules and regulations without giving us the simple clear answer Yes or No how to unlock the value of INSAS. At the end Board list out below actions which can be taken to unlock Insas value. 1. Better dividend 2. Formal dividend policy of distributing 30-60% of net profit 3. Distribution of treasury share 4. Share buy-back with waive obligation on the Major Shareholders and/or person acting in concert with them to undertake mandatory general offer pursuant to the Code if proposed share buy-back trigger the MGO’s threshold 5. Better usage of cash for high ROI investment.
Dato’ Dr. Tan explained he had spearheaded INSAS technology into: 1. Technology : Inari 2. Biotech: Sengenics 3. Fintech: Numoni 4. And Food-tech Inari is a very successful story the other 3 still needs time and CAPEX to grow its business. Although Numoni is loss making but Numoni have many first move technology and licensing that many big players are eying it.
At the end of AGM two Singaporeans introduce themselves to Dato’ Wong as they are from private fund Management Company and they are interest in Inari and Insas. I joke with them they should buy out INSAS and thus owned about 600 million of INARI share and all the INSAS’s cash and etc.
Dear incash, Yes the board present the answers to questions from MSWG and also all my questions. This time board did not give me the presentation copy as the answers will be published in Insas website later. As of the plan to implement actions to unlocking insas value, I will follow up with them before the next FYR 2020 Q4 is out. Somewhere july 2020 will make appointment with Dato' Wong for lunch. Thank you.
Sslee, You are the man! by the way, the 2 Singaporean manager really interest in Inari and Insas? did they told the board what is their strategy and which company are they? a bit curious what is TKK face while you joke them. Thanks Sslee.
Dear incash, The two man exchange name card with Dato' Wong as their fund is on tech stock. They have penta and Inari and today attending Insas AGM to understand more on insas. I try to ask them of their fund size but they politely reply confidential. Later on the ask me to take photo of them with Dato' Wong.
Hahahaha, Most likely both of them are deMusangking and stockraider disguise as fund manager. Anyhow will whatsApp Dato' Wong whether he mind to take a picture of their name-card and whatsApp to me.
Dear incash, Dato’ Wong just WhatsApp me the name-card: They are from Financial Frontiers Pte Ltd Email: ivantan@frontiers.com.sg https://frontiers.com.sg/wp/media/
Lets say they testing water with 1.5million in Insas, equal to 1780,000. not much impact but is a good sign that fund manager begin interest in Insas. Before that all fund manager avoid Insas because of TKK. Thank you Sslee. your information is very helpful. Decide to keep Insas for another year. Mind to share what is your view on recent progress?
they will buy WB at 0.005 slowly ,and push to 0.XX at Jan and sell . Press back to 0.005 again, collect and convert to mother.货源归边 草船借箭. retailer almost panic sell now. check who is buying WB.
Dear all Just some information from AGM. Dato' Dr Tan mention Insas is in discussing with big Fintech player to either sold numoni totally or majorly to the big player.
My remiser told me some FM had put this stock in their 2020 list. below 0.86 is good entry point. 2nd entry point is 0.91. He said. My average is 0.76. Q to top up mother and Q some WB as I am insane haha.
Abang1972 so brave . recent sell down of WB in my view , most likely is reflect to expired date. But some one who close to shark share with me this is shark tactics playing hongkong style. I Q few k as his record is sharp. hopefully can get today.
Hi 888next, no feel any offend lah, relax, anyhow, by common sense, buying WB at this stage really sound insane. most of retailer who buy WB know this is no different from gamble. unless some might know something we dont know.... Thanks , I need Luck to get WB ...2day Q, get nothing. I change to 1: 19 after reading your points. 1 for WB 19 for mother for this week. This week no show from Insas
reading through the line, Mr.SSlee is the good captain in this ship. He wil not buy WB as well, I guess. Lets buy more Insas yah But tomorrow ecov first.
My source tell others story. Lets see CNY got angpau or not. Tomorrow play construction first. Q WB as well, 2K can buy 400000, so cheap! hahaha. got holding power this insas sure win lah. those sold will regret very soon.
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Posted by sctan > 2019-11-28 09:23 | Report Abuse
Warrant exercise price is 1.00. Current price is 0.8x. If you can buy mother at lower cost, why you want to pay more? Unless someone push the share price to more than 1.00, or someone want to donate money to Insas.