Trading of rights: 9 Dec to 15Dec if you do not wish to subscribe. If you dont sell,need to subscribe at 20 sen per share,then u will be entitle for free warrant which will be listed on 8 Jan 2021.
Hi Jeff7, my remisier said, if you dont have any OCK mother shares & buy OR now, you need to top up 20 sen per share just like abang misai explained., On the other hand, if you already have the mother shares,you are entitled for the right issue given to u free. 2 options we have here: 1.Pay 20 sen per share and they will convert the OR as mothershare on 8 Jan and get free warrants. 2. Do not wish to subscribe then you can sell the OR in the market by yourself from today till 15 Dec. Hope this explain.Cheers.
OCK-OR is a right given to you. It’s not “additional warrant” as you described. You can either sell the right the market within 5 days start from today, or pay Rm0.20 through your remieser so that you can get 1 ock mother & 1 ock-wb. If you do nothing, this right ock-or will go to those who apply for excess rights.
if you pay 0.20 and exercise your OR, you will get free warrant. How much the warrant conversion to mother share yet to announce. I believe the warrant listed price must be very attractive. Otherwise no point for me to exercise the OR. I better sell the OR and top up few cents (1 to 1.5 cents) to buy mother share instead of using 20 cents to exercise it.
Woow, u fetch a great prc of selling OR at 0.45 & pocket in d profit peacefully in advance; then leave d risks of completing d RI exercise to others. Wat a wise n bright move, really salute u Pokem0n
Abang Misai explanation was great, appreciate that. However the assumption of OCK share price needed to increase to RM0.605 to cover the cost of OCK-WB of RM0.185 (based on current price scenario) is not entirely correct. I believe the above assumption and scenario will need to take into consideration on the increase of OCK share price will lead to the decrease of OKC-WB cost too.
For example: After subscription, if OKC share price increase to RM 0.53, this will lead to OKC-WB cost to be RM0.11 (0.20 + 0.44 - 0.53) = RM 0.11.
Which lead to the OKC-WB to be "exercisable" for RM0.42 when OKC share price is RM0.53 and not RM0.605. [0.11+0.42(exercise price)] = RM0.53
If no body want the OR, end up management can sapu all the excess rights issue at price 0.200 like what happen in OWG, apply excess at 0.210 all get , sell at 0.300 , big profit !!
every other day there is some write up on Jendela... however, all this news doesnt seem to move the stock.. i wonder why ? Are the projects going to other companies ?
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....
Irisoren07
339 posts
Posted by Irisoren07 > 2020-12-07 13:48 | Report Abuse
The smart money indicator said all run away edi.. Nvm I bought for long term. Hope this company is really long term