When the rights issue was listed on the 13th, its shares washed away their previous decline. Its share price closed at 12.5 sen the day before, and on Friday it rushed forward, standing at 22 sen, and trading the top of the market, reaching 2 million shares.
The newly released voucher C is even more hot, with a trading volume of nearly 5 million shares, and the price once stood at 9 sen. Shareholders who tried their luck investing in their rights issue shares made a windfall of over 100% in a short period of time (RM1000 per 100,600 shares and 22 free vouchers, the share price of RM220 sen (RM9) and RM54 (RM274) on that day equaled RM1, i.e. 7.<> times the subscription price).
Now, a week later, after the parent stock rose to a recent high of 27.5 sen, trading began to subside, and the stock price also fell below 20 sen.
Price was 8 cents. Issue rights with free warrants. Pump mother shares to 0.20 - 0.26 n dump with profit. Everyday unload warrants 0.09 to zero. Because its free. Cost = zero.
Then slowly2 release mother shares back to 0.08. No loss, bcause small loss set off against earlier pump n dump profit plus warrants easy money.
Mother will stabilise back to square 1 at 0.08. Warrants 1/2 cents lowest possible bid. Volume disappear. Game over. Those trapped will wait months n months, finally give up n sell at huge losses.
That is all that there is to it. The money game people play.
@keluarpattern - kesian leh you still wait for reversal, so many counter to play, u die die want this counter hahaha. boss sold leh. your strategy in 'harap harap naik, pray pray to multiple God' also cannot help one.
@PresidentLOL haha, got few counter in the list lah, this one just monitoring coz day day number one, usually 10 counter heavy sell down got 9 counter will reversal/rebound in short term then go down again. if can catch the reversal then got profit loh.
better switch too ipo tech counter on 2nd wave.. classita dah sink ready..
tut tut paktua n own legion still strong fight since jun at Uems.. our aim only rm0.65-rm0.70.. n we also.. heavy on tech 1-wells 2-AdB 3-Edelteq 4-cloudPT
RENOUNCEABLE RIGHTS ISSUE OF UP TO 965,398,515 NEW ORDINARY SHARES IN CLASSITA HOLDINGS BERHAD (FORMERLY KNOWN AS CAELY HOLDINGS BHD) ("CLASSITA") ("CLASSITA SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 5 RIGHTS SHARES FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF CLASSITA AS AT 5.00 P.M. ON 14 JUNE 2023, TOGETHER WITH UP TO 579,239,109 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE ("RIGHTS ISSUE")
============== Major rights subscribers will continue to dispose above 0.10 and the free warrants to release their fund used in subscription and make quick profits
After their disposals, the price will likely fall below the rights issue price of 0.10
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....
Tibbers
561 posts
Posted by Tibbers > 2023-07-24 16:50 | Report Abuse
haha slowly remove by 1 bid the roadblock. imagine if completely remove it, free fall until 0.10 and below. cut and run first.