Possibly may goreng up to attract punters to subscribe the rights at 22 sen, ratio 1:1. If buy the OR at half sen, subscribe at 22 sen, total amount to be invested = 22.5. If the mother share closed lower than this price prior to the listing of the new shares and warrants, the warrant reference price may be at the lowest, half sen only. Not much profit to gain, may be just to cover the lost of the mother share invested. This rights issue seems not attractive.
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....
Ppmaster
4,431 posts
Posted by Ppmaster > 2021-08-05 22:23 | Report Abuse
I have to see tomorow morning report first.