last day of trading is 5/9/18 for Maybulk-OS. After that it'll be de-listed (and your OS will be worthless). You can either 1) sell the OS by 5 Sept or 2) subscribe for POSH shares (listed in Singapore) at 65 sen per share. (Each OS entitles you to subscribe for 1 POSH share at 65 sen or SGD0.214). Choose Option (2) only if you have a Singapore trading account and only if you have sufficient cash to pay for the POSH shares (e.g. if you have 100,000 OS, you need to cough up RM65,000 to subscribe for the POSH shares 100,000 * 0.65).

doesn't make sense for this to trade at 0.5 sen or even 1 sen. The OS gives the owner the right to buy Pacific Offshore Services (listed in Singapore, last price = SGD0.28) at MYR0.65 or SGD0.2145 at prevailing MYR/SGD rates. So if we buy OS for 1 sen and pay another 65 sen (total cost of 66 sen or SGD0.218) we can sell at SGD0.28 (assuming no change in price) and make a profit. Think the selling pressure is because a lot of investors don't have Singapore trading accounts, so have to sell off their entitlements. But for those with Sing trading accounts this may be worth a look. Last trading day for the OS is Sept 5. Pacific Offshore owns vessels for oil and gas sector and recent results show a turnaround.