The conversion of the RCPS into shares is 9.5cts (after discount), which is higher than the existing traded price...this will provide a possible buffer support price for the consolidation exercise....something to ponder about.....
Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in YTB’s announcements dated 28 October 2021, 5 November 2021, 17 November 2021, 29 November 2021, 30 November 2021, 22 December 2021, 10 January 2022, 17 January 2022, 15 April 2022 and 22 April 2022 in relation to the Issuance of RCPS.
The Board of Directors of YTB wishes to announce that the Subscriber has agreed to subscribe for 5 equal sub-tranches of Tranche 1 comprising 2,500,000 RCPS with a principal amount of RM2,500,000 on 30 May 2022. The parties to the Subscription Agreement have agreed that the targeted closing date of such RCPS issuance shall be 3 June 2022.
Yong Tai at 9cts , up 2,5cts or 38.4% .....apa u mau lagi...lols.....by the way , the corporate execise is very exciting , ONLY to those who understand it...& not those armchair bashers or .......... !!!! a hint to ALL
Agreed! as williamtkb advised, it will only around 10cents , if above 10cents , that is extra bonus. By the way, bought at 0.095 izzit in higher price?
Yes , the consolidation may be in the offing ....but how many ikan bilis , Sifu, or Naysayers understand why & how the Consolidation is being structured that way and to value the after effect of the pricing after consolidation.......???? ....& why was the consolidation exercise being proposed & proposed that way ..????
imagine how they flushed out everyone, and might trap again people who comes in now. Only their own people make money from buying at 0.06 and 0.07. Retailers all cannot hope on this stock I guess.
remember 2020? that is also overbought.. until 40cents plus. This counter doesn't work on such logic. They want it up, then it will goes up; if they want it down, it will come down. remember last week when so many noises asking to sell and run away? That is because they don't want you to buy their tickets.
won't have show anymore until details announced. Previously press down for partners, friends, family to collect cheap tickets. if push too high these people will already take profit instead of waiting until the consolidation happens.
of course. else why the price was washed down so much, so fast in previous weeks? they know easily many people are stuck above RM0.20, that is why it will never go over that price so that they continue to trap majority inside. report to SC if you are not happy right...
whatever may be the negative views/comments on the scheme but it an exciting proposal /scheme.... not many people can see value on the proposal/scheme.......patient is virtue...
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citadel888
532 posts
Posted by citadel888 > 2022-05-30 09:46 |
Post removed.Why?