Read the company announcement today and u wil see warrants converted and listing today, haha. Bought warrant @53 now can sell 1.05 still make extra 2 sen instead of losing 4 sen. Margin of safety at work here, hehe.
@Issac, dun understand what u want to ask me, maybe u should ask your broker remisier. e very difficult to explain to u the basic stuff of warrant. Sorry.
If u bought @52 and had converted oledi and sold today at 1.07 then u still make money becoz your total cost is only 1.02 Hope its what u ask me about.
For advanced level, u can sell your mother share first like now @1.06 if u have the stock then u buy the warrants @50sen or 52 sen to convert to mother hence fore u have replaced your earlier mother share that u sold today. U still make money from this transaction. Understand now? The conversion plan.
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....
moniekj
1,037 posts
Posted by moniekj > 2016-03-18 13:45 | Report Abuse
His comment is best indicator. He ask to sell, today up strongly. He don't like, I like.