If holding mother share, seemed to be better sell it off and change to Right at $0.06? (buy OR at $0.005 and pay $0.055; and subscribe to entitlement at $0.055). This will increase #share onhand and provide better chance to gain or reduce loss...........
With the significant #right at 6 to 1, if selling off, only be able to subscribe partially if no additional capital. For 100K mother share, selling off at $0.095 will end up with 172.8K (out of 600K entitlement) mother share and 720K Warrant after right issue with small additional amount to avoid odd lot in Warrant.
@whistleblower99 OR to be listed at 15 march 2023?OR that we have right now is what?sorry for asking because iim new for this and wanna learn ...thanks
@8899EL8899, After right issue, if we don't sell and do not subscribe to Right and the the price drop to 4 sen, we will loss a further $5500 from current $0.095 for 100K share. If we sell and change to right, we will loss slightly less than $2300 as we now have 172.8K share and 720K of warrant (Assume Warrant at $0.005).
For sure, we can sell off at the current price and ignore the Rights if we foresee it will drop further.
@Zulfikri12, If we intent to hold on, i think it is good to change to Right. It will result in less loss should it fall further. Do modeled out your own scenarios in Excel and made your own decision as it is you own $$$.
There are close to ~360 million sell volume and done volume at 7.4 million for the Rights at the moment, mean there are a lot of seller but few willing to buy. The existing shareholders already have the OR and need to make decision where to subscribe or not.
For non shareholder, buying the Rights and subscribe will pay $0.06 per share. It may seemed to gain $0.04 per share per the current price but post Rights, the recent history of Penny stock's Rights Issue may turned off many.................SO BEWARE!!!
Do you believe there will be 4sen to make when the rights shares are listed on 15 March? Do you believe the directors and operators are generous to retail shareholders? Act accordingly based on your assessment. TAYOR
ZENTECH rights shares listed today 13 Mar 2023 ZENTECH price has dropped from high of 7.5sen to 2.5sen Will it drop further below the rights issue price of 1.5sen ???
Directors collected more than RM24million from the rights issue exercise Easy and convenient way of getting money from shareholders
BSLCORP-OR no buyer queue you can use it to subscribe for the rights shares at 0.055 per share ask your remisier or dealer for more details sack him if he can't help you
It looks like BSLCorp is about to try and perform a bodtl this week or early next week.
It's very risky right now. If it performs a false bo, the 1st support at ema20 is -8.7% and the 2nd support at ema200 is -19%. This one looks like smtm, at least for this week.
It looks like BSLCorp is about to try and perform a bodtl this week or early next week.
It's very risky right now. If it performs a false bo, the 1st support at ema20 is -8.7% and the 2nd support at ema200 is -19%. This one looks like smtm, at least for this week.
Operators, proxies controlling more than 60% of the rights shares. Left to right hand to lure punters and newbies into the game. Wait for new warrants to be listed and released to greater fools on 15 March onwards.
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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....
8899EL8899
2,264 posts
Posted by 8899EL8899 > 2023-02-10 08:02 | Report Abuse
WHEN YOU ARE TRAPPED IN BSL,.......
YOU DON`T SUBSCRIBE RIGHT ISSUE ,........
YOU LOSS !......
YOU SUBSCRIBE THE RIGHT ISSUE,........
YOU LOSS MORE ,.........
BOTH ARE DEATH SENTENCES TO YOU,........
IS THIS WHAT YOU WANT ?