Warrant issue only 15million shares. 50sens exercise price...company should b able to raise 7.5million...if its allowed to exercise... But with mother share trading below 30sens.....for now the warrant is dead......
satha44: it seems like something is brewing. Maybe one final push before the warrant expires? I'm still holding since December 2021 with my average cost at 0.33. I was too lazy to cut my losses at 0.29 before this.
I do hope they will save it.....company can raise 7.5million cash....without calling for any rights or placement....both of which would cost the company money....as the investment bankers will be charging a fee for any financial instrument issued... So saving the warrants will be in the company's favour.....
Almost a dormant company...with low gearing....suitable for a back door listing....Best Candidate....Alam Flora.... Counting on the board to pick up this suggestion.....anything is possible... Just my 2c
Post a Comment
People who like this
You should check in on some of those fields below.
Click Confirm to delete this Forum Thread and all the associated comments.
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....