let me repost what i said on March 22nd. last monday.
Mar 22, 2021 11:36 AM | Report Abuse
i have experience this in mmag last year. this setup is meant to trap warrant holder. the mother will experience a slow slow down.
WHY. As the buyer of the macpie warrant at conversion value 16 c. now trading 11 c .u might think as long as mother is trading above 27 c , i can convert and earn money from that right.
Sorry the answer is wrong!! conversion will take 1-2 weeks. i think the share registrar will drag u. by the time your conversion happen, the mother already less than 26 c.
during this 2 week period. the telephone at the share registrar will keep ringing non stop .. being called by warrant buyer asking them how to convert..
sadly to say again. this setup is to trap warrant buyer , hoping them to pump money to company by warant conversion.
Kolian Ppmaster... Last friday still abit disappointed sold at 0.45, then up to 0.48 but turned out to be a great escape. And so patient didnt enter, now eyeing at 0.30
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....
Ppmaster
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Posted by Ppmaster > 2021-03-29 13:31 | Report Abuse
If orice rebound to 0.39 than i can sold all to escape from the trap that i buy high price 0.42.