The warrant is definitely cornered. I play for a while and notice this.As the free float now is very low this group of vultures know who is buying or selling and act accordingly. I don't reccomend playing this warrant but if you insist...you still can make by taking advantage of the fact that they hold big stakes...but no liquidity. Its your money you chart your plan. I am not playing this as its not worth the time and opportunities thats is abounds now with foreign funds entering our market. My advise is go for better quality companies warrants, do your homework. I am not implying this is not a good stock.
It's more logical for the price to go up rather than down .... In order to fixed higher price for private placement, price shld be much higher than this .... will go up soon ....
Ofcourse i dont trust d vultures anything is possible but they hv hinted 1.20.Looks like bumi related compony could be asking for some stake in Engtex knowing some water project contract could be coming.
If the ideal PP is 1.20, then, most probably they will push it up to between 1.25 to 1.30 ...... by doing so would make the PP price attractive with 4% to 8% discount ..... this is not an issue coz big orders or contracts is coming ......
Kindly refer to VIVOCOM price fixing for private placement ...... If Engtex decided to fix the PP at 1.20, a 10% discount of 5 days average price, somehow the price would be push up to between 1.30 to 1.35 ......
An early 14th General Election might be held in 2017 ..... big win in Sarawak boosting BN chance to retain power in next election ...... so, more good news n projects is coming ....
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angelinaloke
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Posted by angelinaloke > 2016-04-01 14:58 | Report Abuse
making gostan... haha always like this !