If really retailers would not subscribe to Right Issue, the Underwriter will take-up or the existing majority shareholder will take up at a certain price "Negotiated". If such happens, I strongly believe that the market can be controlled as the majority shares will be owned by a certain party rather than multiple parties. On top of that, Icon will have less obligation to the financial debt which is good to minimize the financial obligation by saving the debit financial cost, hence making the company to profitable someday. Moreover, the majority will certainly want to have the capital return in the open market of the shares that they have purchased which means the chances the share prices will be stabilized sooner or later. So I want to be positive and will take the OR and keep and I strongly believe it returns my investment.

Why Icon must be designated? I suspect for only one reason...to push the shareholders to the corner so that they cannot sell the OR and later to subscribe to the Rights. Excessive Manipulation? what the nonsense reason, 50 become 1, the ICON price shall be at least RM1.75 based on 3.5cents on 21Jan and now only 0.81cents which still low compared to what the shareholders have paid, while OR not even can sell as to many sellers and no buyer. I thought if it is going for limit down on 28Jan, it will rebound again to stabilize at 20-30cents before 31Jan. Now the hope it is gone, well done Bursa.