Maselankacak, HI there. Thanks for teaching . So wa become maybe become toilet paper . But mother still ok giving back higher than market price. No wonder today mother up
29 July 2016, being three (3) years from the date of listing if thequalifying acquisition of Sona Petroleum is not completed within 36 monthsafter the date of listing.Each Warrant shall entitle the holder to subscribe for one (1) new ordinaryshare of RM0.01 each in Sona Petroleum at the exercise price of RM0.35 perWarrant, at any time during the period commencing from and inclusive of thedate of completion of the qualifying acquisition up to and including thematurity date.
wtf is this .. headache trying to understand this !
First time I am saying a company warrant which very much in money with 791 days to expiry, having a situation of no liquidity (selling at the lowest selling price). Retailers kena con to the max.
the only chance i see right now, if QA not completed. WA matured at 0.35 strike price. if the price stil 0.45 at that time. it would translate to big money for those holding big. but if SONA decided to gulung tikar before that date. no meaning staying here. horrible gamble story. ----- http://www.bursamalaysia.com/market/listed-companies/company-announcements/3639497 Remarks : The maturity date of the Warrants is as follows:
(a) 29 July 2018, being five (5) years from the date of listing if the qualifying acquisition of Sona Petroleum Berhad (formerly known as Titanium Windfall Sdn Bhd) (“Sona Petroleum”) is completed within 36 months after the date of listing, or
(b) 29 July 2016, being three (3) years from the date of listing if the qualifying acquisition of Sona Petroleum is not completed within 36 months after the date of listing.
Each Warrant shall entitle the holder to subscribe for one (1) new ordinary share of RM0.01 each in Sona Petroleum at the exercise price of RM0.35 per Warrant, at any time during the period commencing from and inclusive of the date of completion of the qualifying acquisition up to and including the maturity date.
What happens if cannot sell by expiry date? And expiry date now is 29 July 2018 or 29 July 2016? Can someone enlighten. I do not understand much about warrants.
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maselankacak
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Posted by maselankacak > 2016-05-04 10:23 | Report Abuse
not sure whether aku yg mabuk atau those 132million still queuing to sell sona-wa lol
LOL