Might take quite a while for subscribers of excess rights shares to release more of their shares to market to release money used in the subscription and move on to next target.
Company directors easily and happily added 400,249,551 X 0.14 = RM56 million to company fund. Excess rights subscribers make some profit disposing their rights shares and free warrants to market at around these prices.
Long term holders will have to wait for next price appreciation depending on results of next few financial quarters.
Meanwhile, continue to monitor how directors utilise the company fund for benefits of shareholders. Monitor whether directors will propose more fund raising via share issuance to ESOS, PP or asset acquisition.
Excessive shares issuance will dilute shareholdings equity % and reduce EPS , if any, while increasing the total issued shares in the market.
This look like force selling from big margin account who parked heavily on RI choosing to reap big profit from warrant n RI. After this force selling no more retailers left !!! Up to boss to decide what price to set, can b 9 send to 25 sen depend on his mood ....
Directors are responsible to ensure success of rights issue exercise to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue shares.
fortunately when i know 51% is gonna give to somebody else, i stopped to trade in this company already. Never trade on somethings which got no value at all.
mother below 5c... wc 1 or 1/2 c can enter....will not go PN17 unless director manipulate financial. company got 56M to spend. WC I think operator wash hand already. Mother I think 100M-150M still in operator hand
dompeilee Cut loss now coz it'll be BELOW 14c in a month or two. Cheat ppl by consolidating & then re-issuing massive lorry-fulls of tickets @ 3X the price b4 consolidation. 24/08/2021 9:16 AM
Warn ppl for months but still got itchy gamblers who wanna punt...
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whistlebower99
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Posted by whistlebower99 > 2021-11-05 12:26 | Report Abuse
Might take quite a while for subscribers of excess rights shares to release more of their shares to market to release money used in the subscription and move on to next target.
Company directors easily and happily added 400,249,551 X 0.14 = RM56 million to company fund.
Excess rights subscribers make some profit disposing their rights shares and free warrants to market at around these prices.
Long term holders will have to wait for next price appreciation depending on results of next few financial quarters.
Meanwhile, continue to monitor how directors utilise the company fund for benefits of shareholders.
Monitor whether directors will propose more fund raising via share issuance to ESOS, PP or asset acquisition.
Excessive shares issuance will dilute shareholdings equity % and reduce EPS , if any, while increasing the total issued shares in the market.
Total issued shares = 501,367,022
WB = 101,935,626
WC = 133,416,423
==========================================
TAYOR