errr..... you can have the free warrant without having the mother. as long as you have the OR at the end of the period and subscribe to it...... the warrants comes free - only and if the OR is subscribed, and not just coz u have the mother share
with the current price at 0.10, it would be better to buy the mother direct from the market instead of subscribing to the OR. Subscribing the OR has a minimum cost of 0.105 and will only be tradeable @ 11-Aug. Thus, i feel that 0.11 is the minimum that the market needs to reflect before the OR is attractive to investors to pick up and subscribe
Bursa Announcement 15-Jul "We refer to our previous announcements on the Memorandum of Understanding (“MOU”) signed between M3TECH and SHENZHEN USER SPECIAL DISPLAY TECHNOLOGIES CO., LIMITED (“USER”) dated 2 March 2016 and 27 May 2016 (“Announcements”).
The Board of Directors of M3Tech is pleased to announce that M3TECH has on 15 July 2016 signed a business collaboration agreement with USER (“Collaboration Agreement”)."
Seems like more price and volume movement this coming week
u will need to subscribe, meaning pay 0.10 per OR (totalling MYR4K) to be entitled for the free warrant. if u sell the OR or do not subscribe to it, then no free warrant.
yup, at 0.095 / 0.10, better to directly buy mother share instead of subscribing to OR. that was the reason why i mentioned that should mother maintain at 0.10 / 0.105, the rights issue exercise would be a failure..... definitely under-subscribed......
dun think most investors would be hard-up for the free warrants...... managed to clear all of my OR today, even if I were still holding it, i would not be subscribing to it as long as mother below 0.11
mgmt has latest by next Monday to push the price up, else too close to the "Acceptance & Payment" date...... think there are a lot of investors "stuck" with the OR which they do not intend to subscribe as of now due to the existing price....... i feel mgmt will only push the price again after the last day trading of rights
but what the mgmt did not realise is that there will be some investors whom do not have enuf funds to take up the OR and not able to sell off, thus, unless there are investors intending to subscribe to additional rights, then less overall funding
The price of the mother share is cheaper than the new right shares but the latter shares can get you free warrant to compensate with the difference. But what's confusing me is the minimum subscription level that is too high. Can somebody help me explain this?
think 0.105 queue will clear half by today, the other half tomorrow...... will the rights exercise be successful? at least we are seeing the mgmt doing something....
yup, but seems that they are running out of steam, if it closes at 0.095 / 0.10 today, most probably tomorrow will go lower at 0.09 / 0.095...... they will need to hit 0.11 by today, or at least strong buy queue at 0.105, or else what they did today will all be in vain
really running out of steam...... wakakakka..... selling pressure high, buying push not there, at 0.10 investors would be cautious whether to subscribe since it would be rather easy to buy @ 0.095 or lower in coming days if selling queue is so high...... mgmt needs to clear substantially the selling queue to boost confidence...... just my opinion
0.095 / 0.100, i have a feeling that this rights exercise is really gonna fail, 2 more days to subscribe, think most investors would wait till last minute to decide..... but with the secretarial at Penang, think today would be the final day to push if they intend to
come afternoon, i believe that there will be a lot of selling pressure at this price, let's see if management is able to defend this position at 0.105 / 0.11
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Nelson Chua
91 posts
Posted by Nelson Chua > 2016-07-17 00:12 | Report Abuse
If u don't have the mother company share,u cannot have wa