the logic is, warrant only acts as a sweetener. you either purchase the mother share eventually or not. and in case you decides to purchase the mother share, they are raking in conversion commission from you all! if you dont purchase, they earn by selling the warrant. so its one of the instruments to make money out of you. (on top of that, now you see blatant market manipulation of price so that the take up is no good). same goes for call options! might as well go for the mother share directly unless you are a big stakeholder aiming to keep control!
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....
zack_liza
1,560 posts
Posted by zack_liza > 2012-09-12 10:24 | Report Abuse
strong buy JCY - CI now at RM0.04...TP RM0.10..fly...fly...