Share consolidation 4:1 means that 4 shares will become 1. Therefore, your 2230 lots will become 557.5 lots. Total No. of Tiger Shares will reduce from 1.710 Billion shares to 427.5 Mil on 1June18.
The share price will be adjusted ( X 4 ) on 1 June eg Closing Price is 3 cts = 3 x 4 => 12 cts.
How can the consolidation motion been passed with 100.000000% Yes ? Don't understand why not even any of the minor shareholders turn up in the EGM and vote NO ?
They are looking to con investors to splash money. What happened to that Hong kie who bought in Shares and push the price up to 0.085. Is he still in Tiger?
The interesting thing about Tiger is that its share price after consolidation MUST be above 10cts otherwise its in default of the RM75Mil RCN issue. (Was originally minimum of 20cts but amended) So you can expect Tiger to trade above 10sen anytime now. Actually it may be a "dark horse'. After all, its been pressed down for so long. It has to rally sometime. What better time then now !!
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....
signalmw
3,314 posts
Posted by signalmw > 2018-05-21 20:06 | Report Abuse
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