Anyway, new deadline for China deal 30/4, so may be after Warrant expired, they announced the deal, share fly, punters come out with $ to exercise warrants, compny RM75m richer, announced more deals........
fundtrader, the top guys wanna kill off those warrant holders and don't want their stake to be diluted, most will not want to convert their warrants to mother share(except for the loaded), for example if u buy 1,000,000 warrants at 1 sen, will u want to convert the 1 mil warrants and pay RM750,000 unless u r super loaded
Agreed. The directors have sold off the warrant. The Company will receive the funds soon from China sale and does not require the cash from conversion of warrants.
My guess, directors want the warrants exercised, so share price should go up, make sense for them to raise another RM75m so they have a larger fire power to do deals
Last day to convert warrant to mother share is 19 May, From now until then, price will be controlled. If Salcon needs money from the conversion, price should be maintained above 75sen. Otherwise, to discourage conversion, price will not be above 75sen.
Better deliver a Gd result in jan-mar qtr, start generate billing on Ecoworld join dev project, get water project n unlock d value of china assets. Before I decided to dump you in end may. U got so many reason for me keep you for one more mth n don't disappoint me.
During a project engagement in 2012 it became evident that there is a serious void for an integrated strategy and integrated planning between the two traditional disciplines: development-construction and technology-services. Closing this gap was a strategic and operational necessity and the starting point of developing a specialised expertise in how to use technology and subsequent technology services for generating operational value add and new revenue streams in the public infrastructure space.
This advisory and implementation engagement was the starting point of VBT which lead to it's incorporation in March 2013. Since then VBT is helping operators and agencies of public infrastructure with their strategic agenda for technology, to optimize their operations and to create new income from non-core assets.
In May 2014 Salcon Berhad (Salcon) joined VBT as investor supporting VBT's growth in the area of Smart Urban Environment offerings.
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Posted by fundtrader > 2014-04-24 10:33 | Report Abuse
Sephiroth. Why only fly after warrant expire?