Many paid 0.54 cent to convert preferences share to mother share recently. Cannot understand their tactics because mother shares are selling 0.21 cents currently. Why they want pay high price to convert?Can get cheaper to buy from market
Almost 170m RCPS have been converted in 2021 by tendering 1 RCPS + 54sen to convert into 1 ord sh. Cash inflow to company coffer = RM91.8m.
I think the share price is intentionally depressed so that the 20% private placement will be placed out to nominees of the "ultimate controlling shareholder" to average down the cost of RCPS conversion.
My guess is at some point the rubber band will snap back UP in a crazy way, just don't know WHEN!
It is a "controlled" stock. The power that's behind the counter can move the share and related instruments whichever way it wants to. Just buy and hold, and set an alert when the price has doubled!
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....
Stockinvest99
119 posts
Posted by Stockinvest99 > 2021-02-19 11:11 | Report Abuse
The volume quote we can see scam