wah....looks like sudah mau masuk longkang!!!!! Dejected holders are dumping their shares, since even with the free warrants they are still losing money.
CAP major shareholder just announce it have disposed warrant as much as 8.78% (sold at 8.26sen) and 3.33% (sold at 8sen), reducing its warrant stake from 54.4% to 42.3%......earn easy money out of its free warrant entitlement....bad sign...
It common for minority shareholder, but uncommon for major and largest shareholder to disposed more than 12% stake of its newly listed warrant in the open market
Based on CAP major and larger shareholder act of disposing newly listing warrant, cutting now its warrant stake from 54.4% to 42.3%. It imply that if all warrant is exercise after 3year, the major shareholder will dilute it effective stake in CAP from 54.4% to 50.4% [(54.4% CAP + 42.3% warrant/2)]/1.5 = 50.4%
Advice to wait for further detail to observe whether these largest shareholder continue to dispose warrant in next few days, as it is crucial if further selldown of its warrant stake will resultant its fully diluted effective stake to below 50% mark....
Sell mother n son Do not touch this type of counters ! Sooner or later it's just another csl !
China economy is getting more n more teruk, bad debts to ah long is out of control ! A lots of business man just chow lor overnight !
Avoid all china stocks immediately ! All just come to Maia for quick money ! After 1 year , directors can sell more shares in open market ! Same same as csl
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....
metroview
252 posts
Posted by metroview > 2014-01-03 10:24 | Report Abuse
if mother @0.36 better don't convert