.Basis of determining and justification of the issue price of the Placement Shares
The Placement Shares will be issued based on a discount of not more than 10% to the 5-day volume-weighted average market price of the Shares up to and including the last trading day immediately preceding the price-fixing date, to be determined by the Board after taking into consideration the prevailing market conditions.
As the Proposed Private Placement may be implemented in several tranches within 6 months, there could potentially be several price-fixing dates and issue prices.
*For illustrative purposes only, based on an illustrative issue price of RM0.2970 per Placement Share*, the issue price of the Placement Shares would represent a discount of 10.00% to the last transacted market price of the Shares on the LPD of RM0.33 (Source: Bloomberg).
Those stuck high, options: 1. Wait for the glove news. 2. Gang up and push up the price. But i doubt this will be possible as everyone is waiting to cut loss / sell at average buy price.
with that being said, Y'all do realize that the glove plan is pushing forward? A 3-storey lot has been rented out by GPA to PNEPCB for this purpose.
Purposely done by the operators to make retailers shit in their pants and lose hope completely in this counter. Contra players don't ever dream of trying to outsmart these operators.
already told everyone dont play this conman counter.dont cry father cry mother is go down 10sen later n forever sleeping at 10sen value.i hv sold all my holding with loss of 2k plus but gain back on other tech stock..goodluck to those believe this conman stock
Already accumulate 0.8 % of paid up ! Will keep collecting ,later will invite other partners to accumulate . As I said it's goreng down then issue pp to themself, they are doing this on 30 penny stocks by keep issuing pp n RI and warrant, the worst is they are not major share holders but control the boards. This one paid up is only 380 million, I (still discussing with my few friends)am going to accumulate till substantial level n requesting to EGM to remove the current board !!! I very confident all small retailers will support me in egm !!!
See GPA.... Pnepcb .....same in circle i gve u project u give loa etc...then announce..retailers those unawRe of this gaming..woww rushing to acquire, later PP, RI..etcccc bla bla fund raising.but laater..haha change plan aadjust strategy...once got the bilis monies... Same same stories across the board...emmm
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Bemillion
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Posted by Bemillion > 2021-02-03 16:27 | Report Abuse
.Basis of determining and justification of the issue price of the Placement Shares
The Placement Shares will be issued based on a discount of not more than 10% to the
5-day volume-weighted average market price of the Shares up to and including the last
trading day immediately preceding the price-fixing date, to be determined by the Board
after taking into consideration the prevailing market conditions.
As the Proposed Private Placement may be implemented in several tranches within 6
months, there could potentially be several price-fixing dates and issue prices.
*For illustrative purposes only, based on an illustrative issue price of RM0.2970 per
Placement Share*, the issue price of the Placement Shares would represent a discount
of 10.00% to the last transacted market price of the Shares on the LPD of RM0.33
(Source: Bloomberg).