Just thinking, if you bought this how many hundred lots, finally when expired and your gambling works as if Genting fly above 8, how on earth people going to convert as it will mean millions compare to the cents bought here.
This is the cruelest way of miracle, pushing you up all the way to the sky then out of sudden throw down to the earth, mother share already shouting to be below 7 and below 6, here really gone case.
Seriously, it is already game over for this warrant, it is no longer a worthy gamble but a sure losses for me if ever anyone interested to buy this........
Looking at this to see whether this warrant is the culprit causing the mother share keep dropping as some mention this is to kill off this warrant value after expire lol
All these call warrants are issued by investment banks and have nothing to do with the companies themselves.
It is legal n sanctioned by Bursa. The investment banks then invites u place yr bet. If the mother share falls n these warrants go out of the money like toilet roll, the investment banks will laugh all their way to the bank.
U should be complaining to the Securities Commission.
I3 forumers cut loss at 0.5 sen? LKT not say he will convert all his warrants even exercise price 7.96>6.77 mother price? He want to control 49% Genting by converting W.
Come on la. Stop talking nonsense. Warrants are not issued by banks but by the company. If the warrants are converted to shares at $7.96 cashflow wise the company gains RM7.86 considering that the nominal value is RM0.10 In this case company stand to "lose" this amount for every warrants not converted. Having said that the company had already pocketed RM1.50 for every warrants that they issued in 2013.
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....
lcwin
326 posts
Posted by lcwin > 2018-10-19 17:28 | Report Abuse
The W is worthless now but lets hope miracles do happen. I personally wouldn't bet on a dead horse even at this price.