Of course I have bought some VC-PA before I wrote about VC-PA fair value calculation, unless I mentioned clearly in the article that I did not buy any.
This "prices miss matched" was not likely created by the bosses to collect hard cash from us.
The reason I said so is because VC-PA is trading below 0.05, No one will opt for conversion by 1 PA+0.10=1VC. People will just convert by 3PA=1VC, no hard cash to be collected by the company.
In fact if we look at the record, on 31st Oct 2019 1) Director Lim converted 3,290,000 VC-PA by 1PA+0.10=1VC, 2) Director Goh converted 30,456,150 VC-PA by 1PA+0.10=1VC,
They really took out hard cash from their own pocket for the conversion.
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....
fl888
7,753 posts
Posted by fl888 > 2020-01-13 09:43 | Report Abuse
By election problem for PH