So Saturn, if you don't mind... would you share with us what is the strategy for E&O, particularly for warrants and mother share?

seilok is correct. At RM2.25 the warrants is worth around 60-65sen depending of what historical volatility one use for Black Scholes Model. At 30% is around 60sen. At 35% is around 65sen. At RM2.37, the warrant should worth more but it must be able to sustain. That said, the premium at 65sen is around 37% at current price, which in my opinion is not excessive. So I'm not surprise if share price for mother sustain, the warrants will go pass 65sen eventually

Weakness is expected for those that want to accumulate the warrants. At 2.05 it is already the support and volume when it's coming off is drying up. After the warrants are listed, re-rating will begin. Only for those that has holding power and believe in long term of the company.

Historically it outperforms KLCI... So, very probability that the free warrants will go up. Let's see it will touch RM2.85 in the mid-term.At that price it is still lower than the price Sime Darby sold its share to E&O's MD in 1Q2014.

The bonus share and warrants will lower their cost be it for Sime Darby and the MD. Going forward, it should be execution of the company.

seilok: Thanks.

I think one has to understand this bonus warrants compare to the warrants that comes with rights issue as sweetener. In this deal, you get your warrants and bonus shares right away. So they have to suppress the share price before ex-date to accumulate warrants. Then after ex-date, the mother share will re-rate. Then your warrants value will increase.

In other rights issue exercise that comes with free warrants as sweetener. They have to do the opposite. They have to push up the share price for you to subscribe. Then after ex-date they won't do anything until you get your rights share plus warrants. Then only they will suppress mother share to accumulate the warrants.

Current price is low if you think the warrants worth something.

I have reason to believe the share price was intentionally suppress so that the warrants will be cheap. Whether it is experience or technical, the instrinsic value of the warrants depend on the mother share price and also the implied volatility. Based on current price, after ex-date at RM0.45 sen, then the warrants will be trading at 35% premium to mother share. Whereas at current price, after ex-date at RM0.60, then the warrants will be trading at 45%. Then it all depend whether the share price is intentionally surpressed before ex date or not? If the view is YES, then the 35% and 45% has been overstated. I.e. The 35% or 45% premium is not actual and should be lower. Bear in mind, as the share price increases, the premium reduces, ie. Warrant is cheaper.

Your take.

My cousin who works with him mentioned he needs money for his ESOS. But I think the move is a bit silly because delayed gratification is more rewarding. That said that was his decision.

On the other note, any weakness in share price is a buying opportunity. Just because US and Europe were weak not a good excuse for it to drop 9sen yesterday. The free warrants itself already worth 60-65 sen each based on black-scholes model. And bonus issue will only lower the cost and history has proved, because don't remember the corporate exercise, they only remember the price.

This stock is intentionally and artifcifially pushed up for people to subscribe to the rights issue. No surprise. So chances are, after the payment for the rights, the mother share will drop back to through. Not worth the risk.

Investors that want to go through this exercise should look at E&O. You don't have to pay single cent but you get free warrants plus a bonus issue. This is the real reward for shareholders.

Fortunate enough to get all out at RM0.325. Still a long way to 2Q result, better to lock in profit providing that resistance is at 0.32.

Tuakong61 seriously got issue. Of course he can ask his relative and friends to hold. But what's public is public. If he disposed that he has to announce. Are you noobie or what?

datoM, if beli 1 juta has to be declared to Bursa, what makes you think selling 10 juta saham no need to be declared? Sometimes, when you want to give such a statement, please think twice.

Diegocosta.. Destini is a good stock. Expect something coming up soon. What I mean is optimusx8888 talk crap and try to link me to him. I didn't say anything about soros.

Optimusx8888 Sure when there are people like you that talk crap without adding value. Why is it I'm not surprise?

Material announcements in the pipeline.

It is obvious now is the period of purging the seller at 0.315. The buyer is already so keen at 0.315 yet the seller is not seeing it and continue to sell. OMG...

The chart is showing an obvious double bottom and the target is 0.345 in the immediate term and coincidently closing the gap in June 2013 and its the resistance. You guys judge yourself. Good luck.

Look at how fast the 0.315 build despite strong selling pressure. I still believe the insider is true that this stock is going to hit 0.38.

TP - RM0.45

Again & again I've been highlighting Time is going to turn green this year and hold back selling. They are plenty of sellers out there. Time is heading RM0.38 in 1 month time. Why? Just wait and see. Good luck.

For those with vested interest in Time, hold back your selling or profit taking. Result for this quarter and the rest of the year are going to be good. Good luck...

Results will be out less than 3 weeks. It will turn profitable. It's a turnaround for the company. Good luck.