Only hardcore cowboys would dare to trade it right now. The "All or Nothing" type. But it's these fellows who make the grossly outsized profits. Or lose everything trying. I definitely don't have the courage to even try.
It needs a certain kind of speculator to trade in this counter. Me... I think I'll just limit myself to the FBMKLCI- call and put warrants. Still tense and stressful, but nowhere near this one.
So sad i sold all at 0.005. Really regret. Those havent sell please hold. July 2016 if no aquisition, wa have the rights to convert at rm0.35. Now the price of main is rm0.430 minus rm0.35 u still earn 0.15 per share. In the end July 2018 which sona will wind up, they have to pay all sona holder rm0.48. As long as u have extra money to convert u wont be losing.
Posted by The One > Apr 5, 2016 02:29 PM | Report Abuse
Must have QA.. then only warrant can convert..
"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"
No QA approval, warrant is not allowed to convert. So indrectly, warrant will become toilet paper. Except got magic show within these 3 mths. The warrant price possibility very high will be 0.005 till die. Pls correct my statement if wrong
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....
Zool Nasri
7 posts
Posted by Zool Nasri > 2016-04-26 14:16 | Report Abuse
Bye2 WA..managed to get profit this morning (bought 0.03) match 0.035 b4 being suspended..thanks sona-wa..