Less than 10 trading days pumped up to 16 and throw down to as at now 7 cents. What a joke for such thing to happened under the governance of Bursa? Ha Ha Ha
Those experts repeated promote 52.5 cents + LA = still very cheap lah bla bla lah semua now hilang. Tinggal small investor at Holland cannot come back for raya holidays...
Actually this is most pariah con job I had seen in recent time because no yo yo style . Just traditional all the way to Holland style. Macam mana nak dapat pengikut if want to con next time ha ha ha
Many investors thought it will rebound like last week, I can understand. That's exactly the conmen targeting so more takers once they moved down half cent by half cent for 7 to 10 mil takers volume = 35k to 50k per move. No rebound will happen, trust me. But is your money, I am doing charity hopefully Ada pahala yang baik ha ha ha
becoz once we buy thinking very cheap and feel happy, the next hour it drop further and get burn. But watching and not buying, even if it went up or down , we do not loss money lor
The ICULS are issued to the entitled shareholders of Ire-Tex Corporation Berhad (“ITCB”) pursuant to the renounceable rights issue of 470,014,000 or RM35,251,050 nominal value of ICULS at 100% of the nominal value of RM0.075 each (“Rights ICULS”) on the basis of four (4) RM0.075 nominal value of Rights ICULS for every one (1) ordinary share of RM0.40 each in ITCB (“ITCB Share”) held at 5.00 p.m. on 16 May 2014 together with free detachable warrants (“Warrants”) on the basis of one (1) Warrant for every eight (8) Rights ICULS subscribed for (“Rights Issue of ICULS with Warrants”).
Based on the conversion price of RM0.60 (“Conversion Price”), the ICULS may be converted into new ITCB Shares in the following manner:-
(i) by surrendering nominal value of ICULS equivalent to the Conversion Price; or
(ii) by surrendering such number of ICULS together with cash such that in aggregate it amounts to the Conversion Price.
Each registered holder of the ICULS shall have the right on any market day from and including the issue date of the ICULS up to and including the maturity date of the ICULS (“Maturity Date”) to convert such amount of ICULS held into fully paid-up new ITCB Shares at the Conversion Price.
The ICULS will not be redeemable for cash. All outstanding ICULS will be mandatorily converted into new ITCB Shares on the Maturity Date.
Any fractional new ITCB Shares arising from the conversion of the ICULS will be disregarded and shall be dealt with in such manner as the Board of Directors of ITCB shall in its absolute discretion deem fit, expedient and in the best interests of ITCB.
not looking good as they push up trapped all small investors and indirectly will force small investors to convert but the money they already masuk pocket
What i guess, big shareholders pressed down the LA price purposely, in term for them to collect more, and convert to mother , is the way to increase their % of the share indirectly,,
If the fundamental of the company is still intact, the business is still making good revenue and profit, we should not worry too much. It is normal that the share price goes up and down. What comes down will eventually go up again. To get LA & W up, they need to push up the mother share. Mother touched the lowest @55sen on May 20, then went up at highest @80sen on June 13. I hope that the mother share Iretex will touch rock bottom soon, then start to climb the hill by middle of next week. And hopefully reach higher than 70sen by end of this month. This is just my opinion.
If I warn you when it is moving up, what will be your response ? You know for yourself. But everyday still down and more people still think it is good price, I tried to wake you up mah
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 4416 views | 4 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Feimaw
1,161 posts
Posted by Feimaw > 2014-07-10 12:02 | Report Abuse
Amazing that Bursa allowed such Big Con happened for so many days , Ha Ha Ha