Why not Lin just announces dividend pay-out , 1 or 2 cents or even 0.5cents , msport will fly high rather than issuing bonus share and free warrant ? That is more practical ! If I'm the director , I just do so in that simple and easy way . Share price definitely up , at that time , disposal then takes place , unless the account got hidden defect , without sufficient fund to pay for it .
Wait for warrant listing date only can go up. People fear warrant listing also become fake hence the dump? Warrant also like dividend ma can sell for money.
This kind of bloody "loss money warrant" better I don't want. But what to do now? It's already too late. I was just thinking why Lin wanted to do this...certainly becos of the warrant.
A simple answer. Lin wanted to sapu cheap warrant,,, that's why he lower the mother price. To lefthand or righthand as James Lim quoted, we don't know. But, he did it. Now, we r all in the dark on what will be the warrant listing price? Anymore 5 sen? I don't think so,, Lin may press to 1-2 sen. And i guess he will start picking up there.
There have been cases where they lose control. If he only has 34% and the rest not related or friendly then can lose control. The most famous one is one of our local banks who found himself suddenly not in control!
So, if base on my ave price and mother price @0.125, my warrant cost will be 6 sen a piece la...i believe I'm not so bad shape la....( kaki kong, kaki song )
ok. Good ! as some ppl predict ever day drop 0.5 cent until the warrant out. I afraid when the time mother only left few cent, warrant has no value, exercise price 18 cent
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....
James Lim
38 posts
Posted by James Lim > 2014-11-04 22:17 | Report Abuse
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