They don't want stock...they want your cash because the stock cannot even use as toilet paper...last time my father said when the stock price go down until delisted and no more value, you can use the share script as toilet paper...now all script less. Not even worth as much as toilet roll. I think they try to sell as much as they can to buy the warrants which is to be list tomorrow 25 Aug.
xoxo now is main shareholder, the way they manipulate in xox will happen in M3 here as well. go and study the stock price history of xox, the trend look a like
from 3 days ago , if you have some basic knowledge , U oledy know it will drop to around 0.04-0.06 , I dun know why so many of u still buy at high price and some more doing the price average , very funny .
M3TECH -Renounceable rights issue of up to 395,152,428 new ordinary shares of RM0.10 each in M3Tech (M3Tech Shares) (Rights Shares) together with up to 296,364,321 free detachable warrants (Warrants) at an issue price of RM0.10 per Rights Share on the basis of four (4) Rights Shares together with three (3) Warrants for every two (2) existing M3Tech Shares held (Rights Issue with Warrants) M3 TECHNOLOGIES (ASIA) BERHAD
Kindly be advised that the abovementioned Company's:
i) additional 389,525,880 new ordinary shares of RM0.10 each issued pursuant to the aforesaid Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Thursday, 25 August 2016; and
ii) 292,144,409 Warrants issued pursuant to the aforesaid Rights Issue with Warrants will be admitted to the Official List of Bursa Securities and the listing and quotation of the Warrants on the ACE Market will be granted with effect from 9.00 a.m., Thursday, 25 August 2016.
The Stock Short Name, ISIN Code and Stock Number of the Warrants are "M3TECH-WA", "MYQ0017WAT85" and "0017WA" respectively.
Bursa Malaysia Securities Berhad has on 24 August 2016 issued an UMA query on the sharp fall in price of the Company’s shares recently.
In this respect, investors are advised to take note of the Company’s reply to the above UMA query which will be posted
The contents of the UMA query is as follows:-
We draw your attention to the sharp fall in price of the Company’s shares recently (“trading activity”).
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Rule 9.11 of ACE Market Listing Requirements ("LR"):-
1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of the LR;
3. whether you are aware of any other possible explanation to account for the trading activity; and
4. whether you are in compliance with the LR, in particular Rule 9.03 of the LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
This is what i mention in my earlier post. To many drama appear like insider shark doing his business and to trapped people in it for personal interest
if i'm holding 50,000 units of m3tech share, how many right issue do i enttitled to buy? i dont really understand what it means though, i have been holding this share for very long , ddnt even know i hold this share lol
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....
winston1
534 posts
Posted by winston1 > 2016-08-24 11:09 | Report Abuse
tomorrow below 8 sen after rights issue listing