Posted by justinyeoh > 2020-12-01 10:25 | Report Abuse

i am aslo on rakuten platform . what we get if we dont want to subscribe ? are we able to sell the share with a price ?

Posted by sockz > 2020-12-01 10:34 | Report Abuse

if i hold 100k shares purchased at 0.16, im currently losing 23% if sell now, right? or that im not losing that much because as of today im already entitled to 200k rights? need some more insights thanks.

Posted by prodigy12986 > 2020-12-01 10:40 | Report Abuse

You can sell the rights starting this thursday. Dont know much per right but my remiser told me we can get our capital back.

Posted by justinyeoh > 2020-12-01 10:40 | Report Abuse

@Sockz I Have The Same Issue With You , I Have 900K Shares Purchased at 0.50 . now in red .

Posted by Newbielong > 2020-12-01 10:43 | Report Abuse

May i know so the right issues will automatically shown at our trading account in this thursday, then we only have to decide subscribe or sell? If using Rakuten, how these things work.

Posted by prodigy12986 > 2020-12-01 10:43 | Report Abuse

justinyeoh @Sockz I Have The Same Issue With You , I Have 900K Shares Purchased at 0.50 . now in red .

0.5 or 0.15?

Posted by justinyeoh > 2020-12-01 10:44 | Report Abuse

0.150 haha

Posted by justinyeoh > 2020-12-01 10:45 | Report Abuse

couldn't contact my remisier , as dont know where she went . now really in stuck . see anyone have a option give me/us

Posted by iopa46 > 2020-12-01 10:52 | Report Abuse

relaks ler. price gonna up in few days again.

Posted by justinyeoh > 2020-12-01 10:56 | Report Abuse

waiting for it too.

Posted by oskchoon > 2020-12-01 11:09 | Report Abuse

Yesterday ex date for RI at the price of RM 0.10, that's why today reference price is RM 0.11, the price will eventually drop to around RM 0.10 because most retailers will not subscribe for RI, they will sell now

Posted by sadforvivo > 2020-12-01 11:25 | Report Abuse

hi minta tolong. can anyone explain shall we proceed with the right issue?

Posted by justinyeoh > 2020-12-01 13:25 | Report Abuse

rakuten traders, on 3rd your account will be entitled For OR, on 7dec they wil send you email for to subscribe FOR RI

Posted by Newbielong > 2020-12-01 13:26 | Report Abuse

Noted with thanks

Posted by justinyeoh > 2020-12-01 13:34 | Report Abuse

Cheers Buddy ! Earn Well Ya

Posted by CUTLOST > 2020-12-01 15:31 | Report Abuse

11.5 hentam saja

Posted by Moneyfind44 > 2020-12-01 18:42 | Report Abuse

This stock hv superb vol inside this stock..
From 0.13 on july and now come back at 0.13 WITH VOLUME still inside this stock....high chance to go back to 0.4/0.5 area.
Go & check OBV indicator,then u will know..

Posted by iwantberich > 2020-12-01 18:53 | Report Abuse

justinyeoh rakuten traders, on 3rd your account will be entitled For OR, on 7dec they wil send you email for to subscribe FOR RI

But need subscribe RI only got the OR no ? Or we just can get free OR with existing shares?

Posted by oskchoon > 2020-12-01 20:12 | Report Abuse

When Gocean OR will be listed for trading like Fintec OR...

Posted by justinyeoh > 2020-12-01 21:00 | Report Abuse

I Guess Is OR 1st Only RI on 7th dec. Cus I Guess OR Is thier 1st Priority . as long as the price still above 0.10 we are safe.

Posted by justinyeoh > 2020-12-01 21:01 | Report Abuse

As Rakuten Customer Service Told me they say OR Wil Be in at 3rd Dec . So i guess it should be OR 1st.

Posted by Noned > 2020-12-01 21:09 | Report Abuse

Important Relevant Dates for Renounceable Rights
GREEN OCEAN CORPORATION BERHAD

Entitlement subject Important Relevant Dates for Renounceable Rights
Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 828,573,600 NEW ORDINARY SHARES IN GREEN OCEAN ("GREEN OCEAN SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 621,430,200 FREE DETACHABLE WARRANTS IN GREEN OCEAN ("WARRANTS B") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS B FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 2 DECEMBER 2020
Despatch Date 04 Dec 2020
Date for commencement of trading of rights 03 Dec 2020
Date for cessation of trading of rights 10 Dec 2020
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 24 Dec 2020
Last date and time for :
Sale of provisional allotment of rights 09 Dec 2020 05:00 PM
Transfer of provisional allotment of rights 11 Dec 2020 04:30 PM
Acceptance and Payment 17 Dec 2020 05:00 PM
Excess share application and payment 17 Dec 2020 05:00 PM
Available/Listing Date 04 Jan 2021
Rights Securities will be listed and quoted as the existing securities of the same class Yes
Other important dates as the listed issuer may deem appropriate
Entitlement Details
Company Name GREEN OCEAN CORPORATION BERHAD
Entitlement Ordinary Shares
Ratio (New : Existing) 2.0000 : 1.0000
Rights Issue / Offer Price Malaysian Ringgit (MYR) 0.1000
Fractional Entitlement
Registrar or Service Provider name, address, telephone no SHAREWORKS SDN BHD
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas
50480 Kuala Lumpur
Wilayah Persekutuan
Malaysia
Tel:0362011120
Fax:0362013121


Remarks :
The last date and time for acceptance, excess application and payment is 17 December 2020 at 5.00 p.m.

This announcement is dated 18 November 2020.

Announcement Info
Company Name GREEN OCEAN CORPORATION BERHAD
Stock Name GOCEAN
Date Announced 18 Nov 2020
Category Entitlement(Notice of Book Closure)
Reference Number ENT-18112020-00008
Corporate Action ID MY201118EXRI0001

Posted by Harris Ila > 2020-12-01 22:00 | Report Abuse

Tak faham

Posted by Harris Ila > 2020-12-01 22:00 | Report Abuse

Kalau hold untung ka rugi

Posted by Moneyfind44 > 2020-12-01 22:16 | Report Abuse

Macam ni...
Kalau ada 1 unit Gocean dapat 2 OR gocean....Dapat 'Rights' shj tau.
Bila u exercise ur 4 'rights' (or) at 0.10 each,baru u dapat la 3 free warrants B.

Posted by BRAVOZULU > 2020-12-01 22:34 | Report Abuse

Warrants B tu pulak nanti berapa anggaran harga listing yea sifu

Posted by zarifahmad > 2020-12-01 22:45 | Report Abuse

Nak beli new share issue terpulang tiada paksaan, cuma % dalam company saja berkurang nilai unit saham still sama. Market Value GOCEAN akan turun/bertambah sedikit (adjusted) untuk accomodate shares yang akan bertambah tu.

Kalau duit banyak hold 10-20% company this right penting untuk you exercise kan kalau just 0.001% saja your holding dalam company tak apa, beli saham lain lagi selamat tak pening2 nak hantar bank draft pada broker untuk subscribe new share itu.

Posted by Moneyfind44 > 2020-12-01 22:57 | Report Abuse

Smlm gocean close 0.16...
Gocean OR nilai at 0.025..1 share dapat 2 OR= 2× 0.025 => 0.05
0.16-0.05 = >0.11...Thats why today set to open at 0.11 but buyer decide to open at 0.145...

So whoever buy gocean yesterday at max price 0.16 actually ady in profit if sell today at 0.145..

Posted by Moneyfind44 > 2020-12-01 23:23 | Report Abuse

If buy 4 nos of OR at 0.025 per piece = 0.10
Subscribe at 0.10 per piece = 4 x 0.10 = 0.4
Total money paid to get 4 RI = 0.50
To convert to 2 mother shares = 0.50 ÷ 2 = 0.25 per mother share.
Which is above at the current price of the mother shares.
But you get an extra Warrant.
I think warrant will be value at 0.065/0.07.

0.25-0.07=>0.18

Current market 0.13...so if gocean go below 0.18,who want to subscribe the rights...no subscribe,no fund.

Hope my math correct..if correct i can make profit + still hv big volume inside this stock lo..

Posted by Noned > 2020-12-01 23:41 | Report Abuse

@Harris Ila.
Untung/Rugi x tau lagi. Depends duit RI co nak buat apa.
Tapi yg penting..u nak buat apa ngan OR start trade 3-9 Dec ni.
Jual/ exercise right 10 sen with free warrant..
Masa 3-9 Dec..harga OR akan berubah2 depends harga Gocean jarak +-10sen

Posted by Noned > 2020-12-01 23:54 | Report Abuse

@Harris Ila
Assume u beli 16sen n exercise 10 sen..
Average 16+10+10=36.
36/3=12 sen
Plus dpt warrants free boleh jual 4 Jan

Posted by nklye > 2020-12-02 00:11 | Report Abuse

If buy 1 OR at 2.5 sen + 1×10 sen to subsribe = 12.5 sen.
If x-price maintain at 13 sen and sell at that price then make profit 0.5 sen
Will get 0.75 free warrants. If the warrant is listed at 5 sen, then to make 0.75×5 sen = 3.75 sen
Total profit = 4.25 sen.
If buy 100,000 OR, then make RM4,250 from capital of RM12,500 ( about 30 %) within one month. Very very much better than put in fixed deposit.
Problem is when the x-price of the mother share drop below 10 sen and warrant open at 2.5 sen, hardly any profit..

Posted by Noned > 2020-12-02 00:20 | Report Abuse

@Harris lla
Kalau jual OR masa 3-9 Dec..
dapat duit free

Posted by Noned > 2020-12-02 00:40 | Report Abuse

@nklye
Price much depends on t purpose of RI.
Warrant price much depends on warrant exercise price.
Always know ur cut loss limit n target price.
Both uncharted territory..

Posted by AlfI3 > 2020-12-02 06:44 | Report Abuse

To subscribe the RI or not?

Posted by pasafwan > 2020-12-02 07:30 | Report Abuse

gocean right issue for news expansion or cover finance/loan operation?

Posted by sockz > 2020-12-02 09:09 | Report Abuse

if not mistaken they are expanding into glove manufacturing to tap into coming 5years shortage

Posted by oskchoon > 2020-12-02 09:24 | Report Abuse

It is wise to sell all mother share at 0.13 now and buy OR and get free warrant, profit is guaranteed...

Posted by lingch899 > 2020-12-02 10:18 | Report Abuse

Still can enter this counter? xD

Posted by prodigy12986 > 2020-12-02 10:55 | Report Abuse

i dont think it will go lower than 0.1

Posted by oskchoon > 2020-12-02 11:01 | Report Abuse

It is wise to sell all mother shares at 0.125 now and use the sales proceeds to buy OR tomorrow and get free warrant, profit is guaranteed...

Posted by ling1224 > 2020-12-02 11:55 | Report Abuse

i heard u must have mother share, only can have OR ma. Not meh.? If sell mother share, how the OR will appear?

Posted by oskchoon > 2020-12-02 12:16 | Report Abuse

ling1224, if you didn't sell the mother shares on 30th November 2020, so your mother shares will entitled for OR..

Posted by oskchoon > 2020-12-02 12:18 | Report Abuse

Then if today you sell your mother shares at 0.125 and use the sales proceeds to buy new OR tomorrow, you are entitled for free warrant again, so you will end up with more free warrant, more profit is guaranteed after warrant is listed...

Posted by lingch899 > 2020-12-02 13:06 | Report Abuse

If I buy mother shares today will entitled for free warrant?

Posted by blessforme > 2020-12-02 13:18 | Report Abuse

no

Posted by lingch899 > 2020-12-02 13:31 | Report Abuse

RENOUNCEABLE RIGHTS ISSUE OF UP TO 828,573,600 NEW ORDINARY SHARES IN GREEN OCEAN ("GREEN OCEAN SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 621,430,200 FREE DETACHABLE WARRANTS IN GREEN OCEAN ("WARRANTS B") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS B FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 2 DECEMBER 2020

Posted by oskchoon > 2020-12-02 14:10 | Report Abuse

lingch899, that's why people are selling shares today after ex date 1st December and OR already in his accounts tomorrow, he will use the money after selling mother shares to buy OR and free warrant, this is how smart investors making profit from the free warrants...

Posted by justinyeoh > 2020-12-02 14:25 | Report Abuse

Remark : You May Make Double Profit by holding the mother shares , cus once after today , many will purchase the RI and the share price will be push back up . so u guys invest and think when u know whats going to happen

Posted by justinyeoh > 2020-12-02 14:26 | Report Abuse

dont forget directors and share holders are be able to trade :) if can i will advise to hold til the RI date on 7th December . then u guys will see