How to convert to mother share ? I am first buyer of warrant , exercised price is 0.5, how can I exercise ? And I have 10k units , means I need give RM5000? But my current value is RM0.35
A few risk factors better buy mother The risk is high Son Another 4 months left expired , high premium & Possible if son” in the money ”any time so company if need money for who hold warrants to pay 0.50 excerisce prices is a huge cash flow for dnex ,if this secnario happen company won't push up the son prices !!! Invest wisely investment take yours own risk .YOLO dnex a gem stock become next blue chip in future n semiconductor setors possible to look forward in future 500 fortune company in global list .
to Born....h .i had 25 k bt between 2016/2017 .Managed to sell all today. Worried price may go down, If sold off 2 weeks earlier better profit ( ,that' on the hindsight ,ha ) ..I dont want to convert to mother share because have to bring out some money .At least am getting back my capital. ( (price bt from 33to 35)..Good luck to those holding Dnex
To convert to mother, 10000 x RM0.50 = RM5000, u need to pay extra RM5k to convert to mother. Your cost is 10000x RM0.35=RM3500 Total cost is RM8500 to convert to mother...
Lifeunlimited,last day to convert is 30 july ,but dont do it last moment,cos if u miss,burn ur money.. Get a form,send bankers cheque & do it 3 weeks before expiry. This is due to a 3rd party processing it...I just ask my remisier today.She said it takes between 14 - 21 days to process..
Sometime it took 1-2 months transfer mother to yours CDS account (that my previously experience ) but now maybe SC new Rule make it processing faster .
Even son is " in the money " My opinion I will buy mother coz when we converted to mother period maybe that time share prices like sky rockets and we miss the opportunity to sell or some time after son successful processing converted to mother share maybe that period share prices drop . This is my opinion , invest wisely investment take yours own risk !!! DNeX Sky Unlimited Up....Up...Up..Happy Investing All DNeXian Make Money Together !!!!
akbar81my Process of conversion. Contact the Share registrar Mega Corporate Service Sdn Bhd. 03-26924271
Thank you for the info.
Some doubts:- 1. Do we have to send our filled up form to Mega Corp? Can give the form + payment in cheque to the remiser do it for us? I have moved quite far away from the remiser due to my posting. 2. Can we issue personal cheque too for payment or must be bank draft? 3. The filled up form must reach them 8 days before 30 July?
@king36 1. Yes, have to send to the registrar. Use courier service. 2.Only bank draft is accepted. 3. Have to send much earlier, to be safe ,3 weeks before the WD expires.. 2
For sharing, i submitted early conversion to ordinary shares with Rakuten platform. I'm must say, it's quite hassle-free, first step is to email to Rakuten's customerservice, and the rest is easy peasy by the click of your mouse in your own login trading platform. To my suprise, i don't need to find up any form, no bank draft needed, but make sure you have sufficient fund in your cds account. Good luck guys.....
For Conversion to Ordinary Shares (Early Conversion) : Client have to give manual written instructions to notify Rakuten Trade for conversion request with the condition that Warrant Shares must be ready and available in Rakuten Trade CDS Account.
For warrant conversions, you may email us your request along with the details below.
DESCRIPTION: CONVERSION FROM xxxxx(warrant) TO xxxxx(mother share) CLIENT NAME: xxxxx ACC NO.: 10xxxxxx CDS NO.: xxxxxxxxx COUNTER NAME & CODE: CONVERSION HOLDINGS: xxx units REASON FOR CONVERSION:
Posted by newbie9893 > Mar 13, 2021 5:55 PM | Report Abuse
Please don't convert warrant to mother as mother will drop back to 0.70 soon...mark my words
idk, don't b a singkalang! u keep repeating d same message above! i think u r unqualified to recommend trading of DNeX (mother) n Warrants (son)! don't act like ur a sifu in DNeX forum!
goldenluck16 @king36 1. Yes, have to send to the registrar. Use courier service. 2.Only bank draft is accepted. 3. Have to send much earlier, to be safe ,3 weeks before the WD expires..
goldenluck16 @king36 - TQVM
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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....
Flyinghorse
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Posted by Flyinghorse > 2021-02-26 13:59 | Report Abuse
Went up to 0.415. No power then drop back down. Let see afternoon can close above 0.400 or not