Most likely on monday, warrant will be pushed abit on the final hours. Look at Eg or Solid warrant on the final trading day. Bargain investor/bankers always use this to gain fast cash. They can convert on tuesday and sell it on the same day to get the -30% premium profit $$$
Guys, an interesting counter to follow for the next few days or weeks... expect some drastic movement on the price movement .. as well as oppurtunity to ride on it...
Warrant will expire by the end of the month. You can no longer trade them on the market tomorrow but you can convert them by the end of the month. After that they will expire.
The Company shall within eight (8) Market Days (or such other period as may be prescribed by Bursa Securities) after the date of receipt of the duly completed Exercise Notice together with the requisite payments:- (a) allot and issue to the exercising Warrant Holder(s) the new Shares issuable pursuant to the exercise of the Exercise Right; (b) arrange for the new Shares arising from the exercise of the Exercise Right to be credited into the CDS Account of the exercising Warrant Holder(s); (c) despatch a notice of allotment to the exercising Warrant Holder(s) stating the number of new Shares which will be credited into the exercising Warrant Holder’s CDS Account; and (d) make an application for the quotation and listing of such new Shares.
Board seating next week will determined the price fixing date for the Placement Shares. It will be issued based on a discount of not more than 20% to the 5-Market Day VWAP up to and including the last trading day immediately preceding the price-fixing date.
This will determined the amount of share capital raised through private placement.
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....
napnap
298 posts
Posted by napnap > 2021-03-13 11:17 | Report Abuse
Monday price should between 0.75-0.80