As at closed, there were 151,834,900 buyers @ 3.5 sen n 20,651,900 sellers @ 4 sen. Buyers were > sellers. Indicating its going down. Logically, if the price up by 25 sen from 20 sen thats mean 125% gain wo. How to go up some more wo.
Robert, its your own thought. Your thinking proved to be wrong many times .If people believe you, they would have sold their tickets but not. Trade wisely and I always dont believe other people.
liyam, Yalor, u'r right ! This Sinkalan shorter always saying what price it will be stood at lah, won't break this price lah, and will dropped till this price lah, blah blah... And he never ever thinking of right now is the bull market and our country's economy is start booming and Alam is continuing making 3 consecutives profitable QRs and is on the way to apply to Bursa to exit PN17 !
Alam is NOT applying to exit PN17. If they wanted just to apply to exit, they would not submit a plan that we can now discuss. They will need years to implement the Plan. Unfortunately, there will be billion shares available for 1.2 sen to pay off creditors. That will likely ruin the price. Tomorrow we can see 155.3 million buy @ 3.5 sen disappear. Why ? Because the shares will be available for 1.2 sen in the future.
No assumptions. Just facts from the Regularisation Plan. Just read it, then dispute. Link is on bursa site. Look for section 5.1, page 11, top paragraph. Here is the extract about the price (AFTER consolidation 10:1): 'Entitled Shareholders on an entitlement date to be determined for the Proposed Rights Issue with Warrants (“Rights Issue Entitlement Date”) at an issue price of RM0.12 per Rights Share and 1 Rights Warrant for every 4 Rights Shares subscribed.'
So, price is RM0.12/10 = RM0.012 sen. 10 is the factor of consolidation.
Rm0.12 is the right issue price as stated at page 11,whereas consolidated shares price is Rm 0.35 (before consolidation is 0.035) as stated in page 9.For example ,if you hold 1000 lots at Rm 0.035,then you only get 100 lots at Rm 0.35.
It very clear what he said in his comments which is untrue statement.m16454 you also trying to manipulate the share price by putting selling call. You beware also your statements.
Dont ever try to twist the fact ya. I saw your previous comments on 26/3/2024 at 16:01 that you put the statement that alam confirmed to be delisted after 15/4/24.People are watching you.
Liyam please dont simply comment and act like u r cold eyed. We just telling u the fact that RI price is 0.12 then u bla bla bla talk coocckkk. Are you holding many shares or you trying to manipulate the share price? Iiiddddiiioootttt
No assumptions. Just facts from the Regularisation Plan. Just read it, then dispute. Link is on bursa site. Look for section 5.1, page 11, top paragraph. Here is the extract about the price (AFTER consolidation 10:1): 'Entitled Shareholders on an entitlement date to be determined for the Proposed Rights Issue with Warrants (“Rights Issue Entitlement Date”) at an issue price of RM0.12 per Rights Share and 1 Rights Warrant for every 4 Rights Shares subscribed.'
So, price is RM0.12/10 = RM0.012 sen. 10 is the factor of consolidation.
See properly ya.People are not blind.This exactly copied from robert comments.
Now last done price @ 3.5 sen. Whats d idea all fine people here. Can buy @ 3.5 sen? Ill parked 3 sen. I pun pening lh psal right n warrant issue which is not stated in Mib. Is it meant for creditors.
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....
Pandu1
1,080 posts
Posted by Pandu1 > 2024-07-27 14:30 | Report Abuse
Free warrants for Bornoil. Still under proposal.