@Useless Buyers very strong why nobody think? Cannot be i3 members only. 17/02/2020 3:24 PM
Definitely not from i3.. We are just small retailers.. Not big enough to moves this ship.
Like I said many times before, ICON is backed by very strong shareholders. They will not let this ship sinks. They will make sure this will be a success stories.
ON OFFSHORE BERHAD (ICON or the Company) Rights Issue with Warrants, Issuance to the Financiers and Issuance to the Creditor ICON OFFSHORE BERHAD
i) Renounceable rights issue of new Icon Shares together with free detachable warrants (“Warrants”) to raise minimum gross proceeds of RM183.00 million and maximum gross proceeds of up to RM 250.00 million (“Rights Issue with Warrants”);
ii) Issuance and allotment to the Financiers of new Icon shares (“Financier Shares”) with free detachable warrants (“Financier Warrants”) in order to settle approximately RM27.52 million in debt (“Issuance to the Financiers”); and
iii) Issuance and allotment to the Creditor of new Icon Shares(“Creditor Shares”) together with free detachable Warrants (“Creditor Warrants”) to settle an amount due of RM171,976.29 (“Issuance to the Creditor”).
a) 588,590,975 Warrants issued pursuant to the Rights Issue with Warrants, and
b) 65,924,235 Warrants issued pursuant to the Issuance to the Financiers and the Issuance to the Creditor
will be admitted to the Official List of Bursa Securities and the listing and quotation of the Warrants on the Main Market will be granted with effect from 9.00 a.m.,Tuesday, 18 February 2020.
The Stock Short Name, Stock Number and ISIN Code of the Warrants are "ICON-WA", "5255WA" and "MYL5255 WA824".
ii) ICON 2,618,060,864 new Shares issued as follows:
a) 2,354,363,900 Rights Shares issued pursuant to the Rights Issue with Warrants, and
b) 263,696,964 new Shares issued pursuant to the Issuance to the Financiers and the Issuance to the Creditor
will be granted listing and quotation with effect from 9.00 a.m.,Tuesday, 18 February 2020.
Announcement Info Company Name ICON OFFSHORE BERHAD Stock Name ICON Date Announced 17 Feb 2020
will be granted listing and quotation with effect from 9.00 a.m.,Tuesday, 18 February 2020.
Announcement Info Company Name ICON OFFSHORE BERHAD Stock Name ICON Date Announced 17 Feb 2020 --------------------------- Good news if listing is on 18 February 2020. Thank you.
OTB will be granted listing and quotation with effect from 9.00 a.m.,Tuesday, 18 February 2020.
Announcement Info Company Name ICON OFFSHORE BERHAD Stock Name ICON Date Announced 17 Feb 2020 --------------------------- Good news if listing is on 18 February 2020. Thank you. 17/02/2020 3:49 PM
I think the bloody fools managed to trap some waterfish today by making them to think they will goreng for 2 more days b4 the listing of rights on 20 Feb
Then suddenly 2 days earlier on 18 Feb (tmr)
so whoever chased to buy at limit up price today thinking it will limit up again (history will be repeated as claimed by Mabel) kena badly
Posted by CharlesT > Feb 17, 2020 3:53 PM | Report Abuse
Surprisingly OTB is also in this rubbish stock which fails in all his FA parameter ------------ I said good news is because the listing is tomorrow. All doubt will be cleared. Thank you.
@CharlesT I think the bloody fools managed to trap some waterfish today by making them to think they will goreng for 2 more days b4 the listing of rights on 20 Feb
Then suddenly 2 days earlier on 18 Feb (tmr)
CharlesT,
When did they announce 18th? My IB communicated 20th earlier when I received the offer. Do share the link to this latest changes.
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cytew
1,601 posts
Posted by cytew > 2020-02-17 13:30 | Report Abuse
tomorrow , retailers who subscribed for right issue with free warrant will start to " short sell" 2 days ahead of listing day on