Like Vsolar again? Same reason again? Convertion might take few weeks to complete. The moment it convert it, the mother share might going down. Think twice
They started to collect at about 3 pm Thursday, I think after the forced sales for those at T+4. In the morning it was quiet and the price was pushed down till to 0.17. Perhaps, on Friday the follow through buy by new buyers emerged from the begining of trading. Those who bought cheap thrown by T+4 on Wed or T+3 the day before, started to take profit by the end of Friday's trading.
Don't be sad Foong - sometimes we win and at times we lose. Not easy to play with big time and operators. Just study comments in forum. There were warnings of expiry. Your remisier should inform you also.
But you have to decide. Really dunno what tomorrow price. Could drop further. Because no buyer when expiring. Also some stock broking firm don't allow margin trade near expiry. That chokes the buy volume.
i4, is due to son expire soon, those that dun wan convert all sell like mad ... expect to sell down until 1 cent and mother at 1.34 ... you paper loss 18k if still hold
warrant price cn drop to 0 and conversion take time..then by the time u received the share price will mostly drop and u have to wait...its easier to cut loss n explore new opportunity which might give higher return ...=)
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....
eht6769
711 posts
Posted by eht6769 > 2016-01-15 09:27 | Report Abuse
WA expire soon , 16/2/2016