Lol. Most of the shareholders are his cronies. if you pay attention this years new directors/shareholders are mr.siaw and datuk tan choon hwa. both are his cronies. and nicorp is currently being run by his younger brother, BL chan. Plus chairman Datuk Shamshir has already passed away. Basically Nicorp is fully under drc control but no worries. it will bounce back very soon. just watch.
Ramijanrami, from my understanding Nicorp is raising funds to cover recent financial losses and importantly to support business growth as in the pipelines currently. At "a cut-off date" to be decided later (just like how MAS did recently), holders of Nicorp shares would be provisioned purchase-able Rights (may be equitable to share amount) at 0.10/rights. The interesting part of the exercise, one who secured rights would be granted FREE warrants at ratio of 5:6. Taking into consideration of impending dilution after issuance of rights, now is the right time to purchase Nicorp shares rather than waiting for it to fly soon. I agree, this is for those having holding power and not for kaki goring or contra players because common people like us do not the TIMING. If my explanation is not accurate, I welcome corrections from other forum readers. Tqvm
Cancellation of 10 sen par will halve the value of the share price, thereafter sucking more money from shareholders via issuance of rights. Raymond chan, you're the man.
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....
buybackma
790 posts
Posted by buybackma > 2013-06-05 16:05 | Report Abuse
2nd waves? tired lor this ctr like yo yo but sometimes got strength to move .. ho ho ho.. cannot smiles... sour face..