Not rly. Remember the logic - "what goes down will comes up", vice versa. And also, would you think ijacobs would rly let their shares go down too low?
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING IDEAL JACOBS (MALAYSIA) CORPORATION BHD (“IJACOBS” OR “COMPANY”) (A) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND (B) PROPOSED EXEMPTION (COLLECTIVELY, THE “PROPOSALS”)
IDEAL JACOBS (MALAYSIA) CORPORATION BHD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description IDEAL JACOBS (MALAYSIA) CORPORATION BHD (“IJACOBS” OR “COMPANY”)
(A) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(B) PROPOSED EXEMPTION
(COLLECTIVELY, THE “PROPOSALS”)
Reference is made to the announcement dated 4 July 2012.
The Board of Directors of IJacobs (“Board”) wishes to announce that the Company had on 18 August 2014 decided not to proceed with the Proposals as it is the Board’s intention to undertake a proposed reverse take-over exercise.
Judging by the trend, if not mistaken the real show should still yet to start. Wait for it to digest, then something's coming. Hold tight if you haven't sold by now.
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....
BURSAMASTER
800 posts
Posted by BURSAMASTER > 2014-08-28 23:40 | Report Abuse
LET SEE...NEXT WEEK....I STRONGLY BELIEVE A BIG REBOUND IS ROND THE CORNER