the only chance i see right now, if QA not completed. WA matured at 0.35 strike price. if the price stil 0.45 at that time. it would translate to big money for those holding big. but if SONA decided to gulung tikar before that date. no meaning staying here. horrible gamble story. ----- http://www.bursamalaysia.com/market/listed-companies/company-announcements/3639497 Remarks : The maturity date of the Warrants is as follows:
(a) 29 July 2018, being five (5) years from the date of listing if the qualifying acquisition of Sona Petroleum Berhad (formerly known as Titanium Windfall Sdn Bhd) (“Sona Petroleum”) is completed within 36 months after the date of listing, or
(b) 29 July 2016, being three (3) years from the date of listing if the qualifying acquisition of Sona Petroleum is not completed within 36 months after the date of listing.
Each Warrant shall entitle the holder to subscribe for one (1) new ordinary share of RM0.01 each in Sona Petroleum at the exercise price of RM0.35 per Warrant, at any time during the period commencing from and inclusive of the date of completion of the qualifying acquisition up to and including the maturity date.
What happens if cannot sell by expiry date? And expiry date now is 29 July 2018 or 29 July 2016? Can someone enlighten. I do not understand much about warrants.
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....
Cassandra Murphy
89 posts
Posted by Cassandra Murphy > 2016-06-09 13:32 | Report Abuse
is there any chances to grow back