Very informative. I think can be enhanced if consider depreciation of hardware and licensing for software as life circle for both roughly also 3 years. Another consideration is the support cost for the next 12 years. My 2 sen worth as I am not an IT expert.

Strongly agreed on item 2 for way forward for i3. All three have pro and con on FA, TA and CA ( Current Analysis, which I like to promote. Example: Brexit, Trump effect, IoT, eFTZ, currency war, commodity price, etc..)

For export stock, raw material must be local, not buy usd and sell usd..

I am a season retail investor, how can I not lose $ from share market? Never never chase a stock if already move up..by let says 30% above 52 weeks low..take profit if own TP met..just my 2 sen worth.

I have spotted but don't understand on so many type of warrant. Started posting to find answer but no answer forthcoming. No 'free lunch' as advised don't come free, so better take profit first. Another battle another day..all the best to those who hold long term..

Yes, got 'loT' of friends in 'IoT' telling me got 'loT' of jobs and pay wells. Second 'IoT' bubble building up... Please share and be part of CA, Current Analysis. Note: iot and Lot interchanged, not typo error.

FA and TA are all historic analysis. I think we need 'CA' Current/Constructive Analysis. I am doing that for Pmetal. I think I can get a good price after 'ex' price as it will be more share floating around, especially warrant c as too many given 'free'. My 2 cents. A good company is like running a Marathon, we need to look at long term and sustainability. At present, Pmetal is such a company unless some good competitor come along.

Thks Calvin. Different between Uncle Calvin and Uncle Kyy is at least uncle Calvin will give an honest reply despite some constructive criticism.

Uncle Calvin, noted on your good intention. Maybe you can give some advise on Pmetal. I have being in and out Pmetal few times and made good profit. Out now totally and intention to be in again after bonus and split. I am also doing a study of all 3 call warrants, only warrant issued by Pmetal compensated with extra warrant, so a bit scary to buy the wrong warrant. Thanks kcchongnz for so informative article. Tq Calvin.

Take note: Holders of 2011/2019 Warrants C in PMB ("PMB Warrants") who wish to be entitled to the Share Split and Bonus Issue should exercise their PMB Warrants by lodging their duly completed exercise forms together with the subscription monies with the Share Registrar of PMB on or before 5.00 p.m. on 27 October 2016 for their names to appear in the Record of Depositors as at 5.00 p.m. on the Entitlement Date.
Only 2 days left to convert..so short notice, anyway encashed..maybe will buy 'mother' after adjusted price..

https://www.digitalnewsasia.com/business/budget-2017-focus-malaysia%E2%80%99s-digital-economy. This could be one of the reason Iris is moving. Let see what happen tomorrow, budget day. Hope it will be more project for IoT company, no need all the 'cutting throat' among competitor.

Thanks kcchongnz for "warning" on share splitting. I being following Pmetal splitting exercise and did not know what to do. Finally I sold off all my holding with a handsome profit including "free" warrant. Agreed with this article, the warrant is "free" only you sell and make the profit. This is not an advise to sell Pmetal as it has great potential..

After further surfing, there might be more vendors/companys involved. http://www.thestar.com.my/business/business-news/2016/07/01/smaller-packages-for-immigration-job/. Hope someone might enlighten us.

A good read at: http://m.themalaymailonline.com/malaysia/article/review-to-decide-fate-of-myimms.
Most of us can guess which company/vendor referred in this article. The forum page of this company/vendor being hitting Iris left and right, why no reponse here?

Good info. I started in i3 just wanted to understand more on what happen to pmetal-w with the proposed split of mother share and conversion to NEWCO. Maybe some one can give indication of new conversion price with new price of mother share after all the proposal. I am lost, to keep, to convert or to add..

Ytd walk past immigration, Iris card reader still in use, therefore Iris technology in hardware still in use. I think Iris still getting maintenance income. Good report on the comparison. Bravo Sherlock.

Petroleum industry? O&G at d moment downtrend. Could it b one of d reason of Megasteel closure?

NTA, not so much in fixed assets, but in (T) tangible assets. A lot of property counters not having land re-valued, not overvalued. It can be tangible if develop and sold off at high premium. Another case is receivable which can turn into bad debts, it can greatly change the high NTA. So in my humble opinion, believed in high NTA, but checked any tangible assets which can turn negative easily.

I'm waiting some one to ask this question. It is general knowledge warrant not entitle for bonus, share split, dividend, voting rights, etc depending on deed poll..Most deed polls will have complicating convertion formula for such situation. Really need an expert to understand which I am not. Just my 3 cents worth..

Tomorrow hopefully fast n furious like today, not at my desk n miss chance to grab my TP 30% of 0.155. up up Iris..

I hope goreng goreng, just went in at 0.155. NTA of 0.26, 1Q16 n par of 0.15. A lot of warrant conversion at 0.15. Probably not go lower of year low of 0.13.

NEWCO usually temporary name for company do restructuring and merger. It will rename to new identity for PMETAL Holding. Other details still unknown, wait for announcement..

I think need understand which part of business in Newco?