Posted by Ehl1964 > 2017-05-16 08:40 | Report Abuse

Boat is sinking slowly.

Posted by Mudamuda Remaja Mudamuda > 2017-05-16 16:03 | Report Abuse

52 Weeks Range: 0.025 - 0.11
52 Weeks Price Volatility (%):
58.82%
Average Price Target: 0.28
Price Target Upside/Downside: +0.205

Posted by Ehl1964 > 2017-05-16 17:28 | Report Abuse

They want to press down price so they can get private placement shares at lower price.

Posted by Ehl1964 > 2017-05-16 17:29 | Report Abuse

After pp price will bounce back.

Posted by mastertrader > 2017-05-17 16:57 | Report Abuse

yeah im collecting now

Posted by Adam Loh Wei Chia > 2017-05-18 10:38 | Report Abuse

anyone attending yesterday EGM ?

Posted by Adam Loh Wei Chia > 2017-05-24 14:35 | Report Abuse

where is khatu ?

Posted by Syakib Arsalan > 2017-05-25 11:55 | Report Abuse

Ada di Tropicana twister :)

Posted by Ehl1964 > 2017-05-25 12:57 | Report Abuse

No show before pp. Khatu will come back to promote so track after pp.

Posted by Ehl1964 > 2017-05-25 12:58 | Report Abuse

SMTRACK

Posted by j450n > 2017-05-25 16:08 | Report Abuse

aii... quiet days again?

Posted by SP Lang > 2017-05-26 09:58 | Report Abuse

after agm all become quiet...

Posted by Adam Loh Wei Chia > 2017-05-27 11:24 | Report Abuse

bright future ahead

Posted by Jiro90 > 2017-05-29 16:12 | Report Abuse

when is pp?

Posted by Ehl1964 > 2017-05-29 17:26 | Report Abuse

After share reduction 4 to 1 in August, so pp will be in August or September if someone willing to take it, otherwise mngmt will apply for extension period like Reach Energy until someone agrees to take the pp share.

Posted by Kelvin Soh > 2017-05-31 16:48 | Report Abuse

Another suspension is coming.

Posted by Ehl1964 > 2017-05-31 17:49 | Report Abuse

Congratulations to kelvin soh dreams come true. Finally DBE dropped to 0.03. Hahahahaha

Posted by CharlesT > 2017-06-16 08:42 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5462233

RTO by Wellspring (tutti frutti)

Posted by CharlesT > 2017-06-16 08:43 | Report Abuse

On behalf of the Board of Directors of SMTrack, TA Securities Holdings Berhad wishes to announce that the Company is proposing to undertake the following:

(i) an acquisition of up to 100% of the equity interest of Wellspring Worldwide Limited (“Wellspring”) comprising 230,000,000 ordinary shares in Wellspring from the shareholders of Wellspring for a total purchase consideration of RM310,000,000 to be satisfied via a combination of issuance of up to 2,071,428,570 new ordinary shares in SMTrack (“SMTrack Shares”) at an issue price of RM0.14 each and cash payment of RM20,000,000 (“Proposed Acquisition”);

(ii) a renounceable rights issue of up to 169,046,325 new SMTrack Shares (“Rights Shares”) on the basis of 3 Rights Shares for every 2 existing SMTrack Shares held, together with up to 112,697,550 free detachable warrants (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed at an entitlement date to be determined (“Proposed Rights Issue of Shares with Warrants”); and

(iii) proposed private placement of up to 10% of the total number of issued SMTrack Shares after the Proposed Rights Issue of Shares with Warrants and Proposed Acquisition (“Proposed Private Placement 2”).

This announcement is dated 15 June 2017.

Posted by CharlesT > 2017-06-16 08:47 | Report Abuse

After the whole exercise Wellspring will hold close to 80% shares of the co

Posted by yingchai > 2017-06-16 09:13 | Report Abuse

Target price 0.10... Hold tight everyone....

Posted by CharlesT > 2017-06-16 09:16 | Report Abuse

RM0.10? I doubt so....have to break the resistance of RM0.085 first

Posted by CharlesT > 2017-06-16 09:18 | Report Abuse

I rather take profit and masuk pocket first..the whole exercise is estimated to be completed by FH 2018...long long time to go

Posted by Ehl1964 > 2017-06-16 09:21 | Report Abuse

Sell all at 0.08. After reduction 4 to 1, you cost 32sen for 1 share, but 14 send for wellspring.

Posted by Apollo Ang > 2017-06-16 09:23 | Report Abuse

smart move by ehl1964,congrats

Posted by CharlesT > 2017-06-16 09:24 | Report Abuse

Not really 32 cents, if u take into consideration of the rights issues (3 for 2 at RM0.10+ 2 free WA), your cost per share is around Rm0.188 (excl free WA) at current mother price of Rm0.08.

Posted by Ehl1964 > 2017-06-16 09:24 | Report Abuse

Better buy ro later.

Posted by Apollo Ang > 2017-06-16 09:24 | Report Abuse

is it this stock owned by a former MP datuk seri chia kwang chai?

Posted by Ehl1964 > 2017-06-16 09:32 | Report Abuse

If buy ro can get free warrant or not?

Posted by CharlesT > 2017-06-16 09:40 | Report Abuse

No WA for Wellsprings...only those who subscribes the rights issues

Posted by SP Lang > 2017-06-16 09:49 | Report Abuse

wah..today volume so high

Posted by khatulistiwa1234 > 2017-06-16 10:12 | Report Abuse

BIG NEWS SOON .

Posted by Ehl1964 > 2017-06-16 10:12 | Report Abuse

Charles, are you sure right issue price at 0.10?

Posted by khatulistiwa1234 > 2017-06-16 10:12 | Report Abuse

FUND BACK .

Posted by khatulistiwa1234 > 2017-06-16 10:19 |

Post removed.Why?

Posted by khatulistiwa1234 > 2017-06-16 10:19 | Report Abuse

ROUND TWO IS START NOW < ONWARD .

Posted by Alex > 2017-06-16 10:22 | Report Abuse

HUAT AH!

Posted by Flintstones > 2017-06-16 10:23 | Report Abuse

Charles, can u share the formula behind the 0.188 ex rights price that you wrote?

Posted by khatulistiwa1234 > 2017-06-16 10:25 |

Post removed.Why?

Posted by khatulistiwa1234 > 2017-06-16 10:29 | Report Abuse

Fortune can lie , but REAL THINGS cannot , coz is genuine and truth , is the FORMULA , SOFTWARE , we invest on , finally my South AFRICA most richest , pump in capital , trust on my professional speech .

Posted by khatulistiwa1234 > 2017-06-16 10:31 | Report Abuse

I only can guarantee the gain , how much depend , but i can said reasonable return , better then other investment mechanical .

Posted by CharlesT > 2017-06-16 10:47 | Report Abuse

3.2.2 Basis of determining the issue price of the Rights Shares and the exercise price of the Warrants

(a) Rights Shares
The Board has fixed the issue price of the Rights Shares at RM0.10 each
after taking into consideration the following:

(i) the TEAP of SMTrack Shares of RM0.1397, based on the 5-day
VWAP (“5D-VWAP”) of SMTrack Shares up to and including the
LPD of RM0.0597 (after adjustment for the Proposed Share
Consolidation); and

(ii) the funding requirements of SMTrack Group, as detailed in Section
4 of this announcement.
The issue price of RM0.10 per Rights Share represents a discount of
approximately RM0.0397 or 28.42% to the above TEAP of SMTrack Shares
of RM0.1397

Posted by CharlesT > 2017-06-16 10:51 | Report Abuse

Flintstones,

My calculation is basing on mother shares at RM0.08,after 4 becomes 1 then yr cost per share will be RM0.32

Then after going thru rights issues of 3 for 2 at RM0.10 (wit 2 free wa) then the ex price will be (RM0.32 x 2= RM0.64 +3x RM0.10 (rights)) =RM0.94/5= RM0.188. Anyway I didnt take into consideration of the 2 free WA

Posted by Ehl1964 > 2017-06-16 10:53 | Report Abuse

Charles, thanks.

Posted by CharlesT > 2017-06-16 11:00 | Report Abuse

Whereas their announcement based on 5 -day VWAP RM0.0597 (instead of RM0.08 which i used earlier on)

(i) the TEAP of SMTrack Shares of RM0.1397, based on the 5-day
VWAP (“5D-VWAP”) of SMTrack Shares up to and including the
LPD of RM0.0597 (after adjustment for the Proposed Share
Consolidation)

Say if my calculation basing on RM0.06 (io RM0.0597), ex Rights price will be RM0.24 X2= RM0.48 + RM0.10 x 3= RM0.78 / 5 = RM0.156 (excl adj of 2 free Wa)

Posted by Lonewolfie > 2017-06-16 11:08 | Report Abuse

too late to join the party :(?

Posted by Ehl1964 > 2017-06-16 11:23 | Report Abuse

Wait for right option. Hi hi...

Posted by Ehl1964 > 2017-06-16 12:26 | Report Abuse

If MGO price is 14sen, then the true value of this share price is 6sen.

Posted by Jun Yi Lim > 2017-06-16 12:40 | Report Abuse

Gonna be massive sell down afternoon?

Posted by khatulistiwa1234 > 2017-06-16 12:44 | Report Abuse

Pretend , morning suspect the owner , syndicate dispose , they queue at lower price , as EHL1964 said , 0.06 , buy back , they are slaughtering those innocent , victim again , game always practice such way , is a big track here .