The Board of Directors of Salcon Berhad ("Salcon" or "the Company") wishes to announce that pursuant to the terms and conditions stipulated in the Deed Poll dated 12 April 2007 and any deed supplemental thereto governing the Company's Warrants 2007/2014 ("Warrants"), the Exercise Rights of the Warrants will expire at 5.00 p.m. on Saturday, 17 May 2014. As this expiry date falls on a non-Market Day, the last date and time for the exercise of the Warrants pursuant to Section 54(1)(b) of the Interpretation Acts 1948 and 1967 will be at 5.00 p.m. on Monday, 19 May 2014.
YOU WILL GET expiry, meaning your capital evaporated with an option to subsribe mom at 75cents
if you buy 2000 lots, please prepare RM150k..
2 scenarios : (i) syndicates/directors would want people to exercise giving out money, so they will support salcon at attractive prices, maybe at 80cents, so that if you buy salcon-wa at 1cents, you could make 500% if you cough out RM75k to company, but after you exercise, waited 2 weeks, they purposely push down below 75c, AND YOU WILL CRY
(ii) company management do not care, let it expire out of money, salcon fall below 75cents, so you don't need to put in RM150k into the company, good for you, but you burn RM3000 on your 2000 lots of 1.5cents salcon-wa
19April is the last day of trading. Warrant will expired by May. If no conversion, then those warrants in your acc will just disappeared...On the other words.. you loose everything
sayornana la. exercise what. if u really have that amount of money to exercise, might as well use it to hamtam mkland now. still cheaper. better upside. salcon is always a con counter. u dont believe u go see the 10 yrs chart. i also kena con twice in the last 2 months bcos listen to a prominent sifu in regain ship. i have blacked listed salconed forevered.
exercise @0.75, that mean if i buy wa at 0.02, i need to add more 0.75 for convert it to mother share, which is 0.77 ? So if mother share stand strong 0.80, the 0.03 is gain from convert lo?
Ibought 0.02 500,000 lots,yet now buy again 500,000@0.01,average 0.015..if mother share rm0.8,warrant should be 0.05!hope can make profit!!! 2 more weeks to go!!!
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....
azta12
5,594 posts
Posted by azta12 > 2014-04-17 18:38 | Report Abuse
exercise price 0.75 ,warrants not exercised by expiry date will become null and void.