Sure the management will come out with QA . Otherwise their(126,188,080SHARES, same as warrant) 20% mother & warrant total worth RM110M base on today share price , will become no value at all .
The 90% is refund for mother share at RM0.675 + bank interest 3.2%per annum .Do you think the management team willing to let go for so much money ? FINALLY no QA within 3 years just because they insist want to look for a very good deal ?
Sorry, I didn't know that, not a SPAC investor, so you will get back RM0.675 after 3 years if no QA?
Could USD90m buy any production assets in the first place? yes, part of the asset, probably 10% , but are there anyone selling you at a cheap price? the answer is no
At least Hibiscus has some value proposition there when their biggest gain is through oil found which will rerate their concession value, I don't see much upside in cliq even there is a QA
Stupid Kampung boy management never change....forever kampung boy management. USD90M is quit small amount now a day but Getting QA is a must....... ......and there are many ways to raise fund after being successfully uplifted from SPAC to oil & gas sector.
im not saying got QA... director buy back only. Go observe got company announcement or not of director share buy back. then u will know the rumours true or not.
If u cut loss now, and 2moro the company annouce get the qualify acquasition, then u will be the biggest loser ! If u just want to catch a small fish,then u may cut loss now, if u want to get a big fish, u have to wait !
Actually investment is like gamble, everyone is aiming to buy at lowest price and sell at highest price, and it is difficult to forecast the movement of stock price, but for this stock the price is consider relative low now
if break previous high only consider moving...now just main main with you only...make some buyer out then throw again..will see 60 sen wa 25 sen soon...GOOD LUCKS.
they still get paid everymonth...think they wont really care...even they sell their share now,also untung besar lol...who cares bout QA or not...hahaha
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....
derrickinvestor
9,083 posts
Posted by derrickinvestor > 2014-03-24 09:33 | Report Abuse
callme777 so what will happen to the warrant if cant convert?