Next important date is 28 March 2023, listing of rights issue shares
Winner are directors of LKL conveniently raising about RN49.5 million from rights issue fund raising exercise. Much easier than generating profits from business operations.
Other potential winner are Operators and supporters of fund raising exercise who have lots of subscribed shares to sell to market to reap huge profit based on rights issue price of 0.17 compared to current market price of 0.255.
The Board had fixed the Exercise Price at RM0.17 per Warrant after taking into consideration, amongst others, the TEAP of the Shares.
The Exercise Price represents a discount of approximately 15.00% to the TEAP of RM0.20 per Share, calculated based on the 5-day VWAP of LKL Shares up to and including the LTD of RM0.3498 per Share and the Issue Price of RM0.17 per Rights Share.
will like cfm going down down the value of LkL is 0.03 cents start goreng to 0.55 cents now going down hill all the ways sama formula like CFM. Target is 0.035 cents.
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....
Shines
2,824 posts
Posted by Shines > 2023-03-07 21:56 | Report Abuse
Laying trap to trap RI buyers