It may be one party wanting for more controlling stake.Without big timers the market cannot consume such huge transaction. The mother share is under tight control,we may strike gold here,trade at your own risk.
As you look at the chart you will notice that the mother share was at one time lowest at 5.5 sen. So there is no way the warrants should be worth more than 6 sen. The exercise price is 10 sen. Meaning now with the mother down at 9 sen...virtually the warrants are not worth 1 sen. In order for the warrants to worth 2.5 sen, the mother share must rise first to at least 12.5 sen.
There is 1 thing call time value in warrant :) even mother shares price drop to 6 cents warrant that have 3 and above year tenure also worth's at least 2 cents . oversold d the share price of warrant .
its the heist of the century...wont be surprised if this company folds over...stay completely clear...not worth it...look for others...there are so many others stks to hunt...don't blindly lose.
if everyday up.... then your guys no need to work already.. just dump your money in this stock will do..... after that just shake your legs...hahahahahah
After sometimes all penny stocks with good fundamentals will be too expensive to dabble and we will look for the cheap ones with prospects,so won't die in xinghe and glotec. Afterall,most people treat this as casino and gamblers will be more excited than ever. My advice is to buy with cash then no problems.
I think this penny stock is cheap and its warrant are also cheap after the huge drop when they issue it. I feel safer holding those warrant, but still its a gamble. One huge announcement could shock the whole thing and bring it up like never before.
As xing he will continuing adjustment like instaco.....do you believe china man?ma guo Leong accumulating 6 cents last year now is accumulating CASH with large amount profit.
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....
Fam Jenny
7,724 posts
Posted by Fam Jenny > 2015-04-01 22:48 | Report Abuse
It may be one party wanting for more controlling stake.Without big timers the market cannot consume such huge transaction.
The mother share is under tight control,we may strike gold here,trade at your own risk.