Today there is announcement of new shares converted, at 23.5cents. why converted at lower than current price? Do they have the right to convert at any price? While open market need to buy at current price.
By lower price of share converted, price pulled down.
Early this week, this counter reached 33cent, maybe relate to news of new station obtained CCC. After that keep dropping.
@pamie to convert you need a warrant. Warrant price depends on price you purchase or if you get it for free. exercise price is fixed at 0.235 when you convert irregardless of current stock price.
If you're new to stock market, my advise is not to read from this forum. Nothing to learn only burn you. The forum is only for people to chui sui like us. All bullshit no content.
Hey, I converted some and now kumpul $ to convert more! I like Boss Cheong's action, got class! My minibus is 2- 2.5 sen, so my total cost is 26sen, so Boss is fair lah. To convert is quite easy if your broker will do the paper work, just tranfer in the money, but give him or her a few days' advance notice. I am happy to contribute the fund and let the professional team do the business because I would not be able to do the business! I have high hope that the team will try their best to reward investors. Let's huat together!!
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....
Stephen Baster
462 posts
Posted by Stephen Baster > 2020-08-13 23:22 | Report Abuse
No Tesla stick to UTAR