Whoever bought 40K at RM0.05 (total RM2000), after consolidation of 4 into 1, yr shares becomes 10K.
Then u will go thru rights issues of 1 for 2 at RM0.25 (plus 1.5 free warrant) and 2 PA at RM0.05. So u have to standby for RM0.25 X 0.5 = RM0.125 + Rm0.10 (PA) = RM0.225 (or RM2250).
Cyrix8, before recommending to buy. WHY buy at 50 ok 55 now? What are the value of the shares after the Consolidation n Rights exercise? You need to inject more money to subcribe the RI n WA? New shares issued to buy courier / logistic company! Good prospects, going forward??
CharlesT Whoever bought 40K at RM0.05 (total RM2000), after consolidation of 4 into 1, yr shares becomes 10K.
Then u will go thru rights issues of 1 for 2 at RM0.25 (plus 1.5 free warrant) and 2 PA at RM0.05. So u have to standby for RM0.25 X 0.5 = RM0.125 + Rm0.10 (PA) = RM0.225 (or RM2250). 09/03/2017 09:51
CT, say I buy 400,000 shares at 5.5 sen, my cost is RM 22,000.00 Shares consolidate to 100,000 shares, cost is 22 sen per share. Then I am entitle to rights of 1 for 2 at 25 sen, my cash outlay for 50,000 shares is RM 12,500.00. And I am entitle to 200,000 ICPS at RM 0.05, ,my cash outlay is RM 10,000.00 And I am entitle to free warrants of 75,000 warrants.
Total shares = 150,000 Total ICPS = 200,000 Total warrants = 75,000 Total cost = RM 44,500.00
Entitlement description MMAG HOLDINGS BERHAD ("MMAG" OR THE "COMPANY") SHARE CONSOLIDATION OF EVERY 4 ORDINARY SHARES IN MMAG INTO 1 NEW ORDINARY SHARE IN MMAG ("MMAG SHARE" OR "SHARE") ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 12 JULY 2017 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION")
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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....
Ian Lim
109 posts
Posted by Ian Lim > 2017-03-03 21:25 | Report Abuse
buy or no buy, simple as that