Very smart management, if the press down the share price 0.01.after they convert the share. Let say before that you own total market share 0.001%. After the conversion of shares, you will own 0.00000001% of total market share. You are eaten alive

Those who had bought the share above 0.60 will have sleepless night

Why I say so? They will press the share low before they convert their CRPS share. The more shares they dilute and increase % share. The small retailers do not subscribe CRPS share and not convert it at correct timing will be the big loser.

The lowest the share price, the more dilution. The higher the share price. The lesser dilution. Small retailers like us has little contol. Can chiak sai in other words

Now I understand. Whoever subscribed the share. They are forced converted after Hibiscus buy the assets. The rate is RM1 divided share average 5 day closing price add 10% premium. In short, the number of share given depends on shares price. The lower the share price, the more mother share you will get. You can choose when to covert before the management completed the purchase

It drops faster than the oil price. The new is bad news instead. Remind me of Airasia suspension before announcement of annual report. Get burnt again. No news is good news

Dilution is only happening when the new share being subscribed. Do you see any potential subscribers at current low share price in the market? Unless those shares are given free

Big investors are not interested for now. Hope the sentiment will change down the road. The show is over. Continuing heading south with current oil demand concern

What if investor not interested at all? I mean there is big IF out thete

That will be very futuristic. The current oil price unable to support that kind of price level yet

Any reason for Investor want to subscribe 0.66 at current low price? In the future then maybe. Dilution may not be happening so fast. Correct me if I am wrong

If the cprs price is fixed at 0.66? Who want to subscribe where he can buy from market directly 0.56

Anyone can comment?

The conversion price for the first tranche of CRPS has been
fixed at RM0.66, representing approximately 10% premium
over the 5-day volume weighted average market price
(“VWAMP”) of the ordinary shares in Hibiscus Petroleum

This limkokthye always get screwed, no better thing to say?

Hope it is not bad news like Airasia suspension la

I will queue at 0.55 again today

Yes. TP 0.55 is not far reach

SINGAPORE (Reuters) - Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic.

Brent crude (LCOc1) was at $41.75 a barrel, down 91 cents or 2.1% by 0000 GMT, after it earlier slid to $41.51, its lowest since July

The winter oil Spike may not come. Some countries like Germany had already stock Pilling them on March price crash.

(Bloomberg) — It’s not just the world’s most sophisticated oil traders who’re looking to hoard supplies as the price plunges: so are ordinary Germans.

Brent oil futures tumbled 60% so far this year because of a huge loss in demand caused by the novel coronavirus. The disease has led to a collapse in buying of gasoline and jet fuel. The odd one out has been European diesel, whose price is being propped up by German purchases of near-identical fuel that will most likely be used to heat homes next winter.

Queue at 0.55

Oil price is crashing. Hope it will recover some before market closed

Good to know now the range fall between 0.065 and 0.07. Better than 2 months ago which is 0.055 and 0.06. It is an improvement by itself

Congrats to those manage to collect below 0.60

Prepare your bullet to collect more tickets below 0.60

Not yet time. At least not today

Yeah. No hope to collect 0.5

Queue early tomorrow morning for 0.60.I believe you will still have chance to collect more.

It means Dnex is going or negotiating to buy oil field from Hibiscus but have not disclose the price yet

Time to collect, it will only fly when covid and PAS are going away

You need to look at the big picture. Survivability is the top priority for AA now. after 2 years, how many airlines can still survive? For those can survive, they need to service their loan like AA. Don't expect them to give cheap air tickets. AA will return profitable. The next wait is for US and Europe to announce their covid vaccine news. AA will fly high again.

Those who cry bankrupt wanna collect cheap tickets, when they can't then become hormone imbalance. It can't be help unless take hormone pill to balance it up

This bad QR still cannot bring down the price. Those want to buy at 0.5 and below can only keep dreaming

No panic selling. Good sign

Face mask price keep dropping in Malaysia. Will it have any impact to XDL?

Oil prices edge higher on storm-driven output cuts. This current price may not be sustainable

Yeah, all bad news have come out. Hibiscus is ready to soar in next QR.

No buyer, I doubt it can end 0.61 or above

Me too.. Thanks seller for the discount and promotion given.

It is golden time to collect. If anyone willing to sell below 0.60 is a steal. Beli jangan tak beli

When mf say run, it means it is going to rise. I remember he cried run a lot before AA rise to RM1++ on last run

The counter is not as hot as the forummer

Loosing power. Expect bigger fall after QR release

Secretinvestor wanna dump Glove stocks at high price and buying AA at lowest price.

Let's see I still have any chance to collect below 0.60 tomorrow

AA near future is bleak and there is no doubt of it. But anyone can guess the bottom price. Those who can may make a fortune out of it. The share price was up to RM1+ right before the first QR result

0.6 is more realistic target price if no more positive news to push the share price

Beware of 0.06 dump truck, it looks like they are going to win

No show today

Should be green. Hope to see come back 0.64