Does the rights issue document reveal the exercise price of Warrants to convert to Ordinary shares.? Why do they need the money for ? Their business is always making losses. Price pushed up from 17 to 39.5 cents to make people want to take up the rights ?
It was at least 3 times higher than 0.395 before dropping all the way down to 0.15 and then coming back to as high as 0.46 and settling on 0.395 in the dying moments of the RI. They will be back again with their RI, Free Warrants, ESOS and Private Placements within the next 6 months if this one doesn't hit the required target fund raising. That is exactly what all these companies are doing to raise funds.
AlfI3 : Conso 10 to 1 already done. on 21/4/2021. The main game now is the RI with free warrants which goes ex 5/5/2021. Keep up to date don't chase the artificial price manipulation.
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....
wee2000
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Posted by wee2000 > 2021-04-30 14:01 | Report Abuse
after ex also will rally