BLee: Hi bro @whistlebower99, above statement, IMHO half-truth. As consolidation will NOT change the value of AGES-PA, each subscribed value of 0.01 x 15 will be 0.15. Why are there many buyers at 0.005? (I managed to get some)
Answer: 0.005 x 15 = 0.075 for the value of 0.15 after consolidation, and sporadically getting buyer at 0.01 i.e. 100% gain.
The other reason is the potential adjusted price and ratio due to RI of 2 for 1 after the consolidation..
RI price still NOT fixed: Page 7 item 3.4 of circular.
"The issue price of Rights Shares shall be determined, fixed and announced by our Board at a later date (before the announcement of the Entitlement Date), after taking into consideration, amongst others.."
Appendix 1, page 36 of circular:
"Consequential to the Proposed Rights Issue, the conversion price of the ICPS may be adjusted in accordance with the terms of the ICPS as stated in the Constitution of our Company to ensure that the status of the ICPS holders is not prejudiced as a result of the Proposed Rights Issue."
This is for info sharing only, NOT a Buy, Sell or Hold recommendation. Happy trading and TradeAtYourOwnRisk
this whistlebower wont admit he is wrong tho, still grateful that Blee are able to clarifying to us
BLee: Hi bro @Investfrog, there is no absolutely right or wrong; Mr. Market is very unpredictable. @whistlebower is predicting the other extreme end only..
Curious ya every day only doing a little bit Nia Ages pa X .005 . How much only And clear fees & brokerage n contract stamp charge already over RM 20+ Seems
Nevertheless, the company will undergo a share consolidation exercise to reduce the share circulation as an effort to encourage shareholders to stay. Sadly, most investors had mistakenly taken AGES as one of the other penny stocks
How many articles will it take to push the price up, @VegeBird1219? Do you know how many similar articles are out there written by new accounts/writer accounts that has less interaction with the forums?
Vote againts for PROPOSED CONSOLIDATION OF EVERY 15 EXISTING ORDINARY SHARES IN AGESON (“SHARES”) INTO 1 SHARE (“CONSOLIDATED SHARE”) (“PROPOSED SHARE CONSOLIDATION”)
My advice is don't buy now. Let's all the excercise of share consolidation and right issue completed then the fundamental of company can take effect. BOD having lots of monkey trick at the moment. stay out better.
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....
z3fthology
199 posts
Posted by z3fthology > 2022-03-22 15:40 | Report Abuse
just drop by to check how many member still daydreaming with this counter