? it is straightforward just like any other company doing rights issue. have u gone thru any rights issue before. well this one is just like any of the rest.
I bought the mother share last week and was given the OR. If i sell the given OR and purchase new OR again, I am still entitled to subscribe the mother share (hence given the free warrant)? is my understanding correct?
Wdlim123: it’s simple, Then you will have 40,000 jaks share PLUS 20,000 new warrant WC (free) after the subscription . This will show up in your account towards the end of November.
Mulab2020: pay 3520. ( ie 16 x220) to subscribe to the RI, Then towards the end of November, you will have in your account 26,000 jaks share PLUS 8,000 warrant jaks -WC. 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....
speakup
27,415 posts
Posted by speakup > 2020-10-28 09:42 | Report Abuse
you right. sell the mother buy the OR
Posted by speakup > Oct 28, 2020 9:25 AM | Report Abuse X
yeah, sell the OR buy the mother
Posted by firehawk > Oct 28, 2020 9:16 AM | Report Abuse
this morning see arbitrage opportunity again,
when OR was selling @0.28, mother share can be bot @0.445.
Subscribe for mother share, 0.28 + 0.22 =0.50.
A gain of 5.5 sen.
But I saw very few trading for this no risk arbitrage, shock me very much!