@small fly: listing date will be on 30/8/21. i think the company hasn't determine the warrant's price yet. i didn't see at their report.. but i think there is a formula to calculate.. can check the bursa's website.. they have all the formulas to calculate those prices..
seems like still have people willing to pay OR @0.005 to subscribe RI instead of buying direct 0.155 from market and yet facing the risk mother's may drop to 0.08. if subscribe, cost will be 0.005+0.08 = 0.085 plus free warrant. So, this subscription's risk is much lower than buying direct from market now. Of course, if the sharks wanna play, mother may drop far below than 0.08 after the RI listed. It happens at many other penny stocks.. so invest/trade your $$ carefully :)
Unbelievably 'low OR trading prc' pattern, whilst mother trading at high prc 'stably' after annoucing encouraging news.....! Somebody is manupulating it
as expected will start downtrend until RI exercise date, just wait to collect below RI price..they will start goreng on RI exercise day...same pattern with saudee...fintec counter need to cepat2 cabut once get profit...don't overstay...
yes for saudee, they pushed to high price during OR trading (OR staying low @0.005 even mother very high). Once OR ended trading, it suddenly huge drop slowly to RI's price even slightly lower.. then once RI listed, they pushed back to super high again 0.3.. then slowly drop back to today 0.14...
Posted by alex > Jul 27, 2021 9:51 AM | Report Abuse
i am thinking to subscribe more RI with 2 options
option 1: buy more OR at 0.005, so cost will be 0.08+0.005+stamp duty RM10 (this not sure is compulsory to pay no not). This option can guaranteed will get the RI
option 2: apply excess application without buying any extra OR. But this option not guarantee can get the extra subscription. If the subscription's rate is not good, then chance to get this higher. But i think the company will allot to their "insider vip" first if they really want to subscribe.
Be very careful of ri, pp announcement especially from dubious companies. Normally before or after announcement, there will be some mou announcement to boost confidence. That's where they will catch the "making fast profit" dreamers thinking of making a fast buck.
Sorry just asking, will it be wise if i hold the OR until the last day with hope that the mother share goes up, and at least i get profit by selling the mother share. Kindly advise
Surprise with the 0.005 of the OR. Anticipated at least 0.01. However based on many of the previous OR, the price may rise up by a sen or 2 on the last day of the trading of the OR. The most recent were Johan and Scnwolf. Anticipate AEM-OR too, now at 0.005, trading to end soon. Whether will be chased up to at least 0.01. However it may be effected by its quantum of rights and free warrant at its stipulated issued price.
No i didn't manage to get OR because buy on friday...just sell back on monday for small profit... Now waiting mother drop below OR price to collect some....
if you have a lot OR and don't want to subscribe RI and unable to sell in open market.. rather than become toilet paper, maybe u can sell at 0.0025 to others who want to subscribe RI by transferring to them..
@Alex, many thx for Ur kind reply. My broker xplaination is ttlly different frm Ur advice "I don’t know , lowest price is 0.005 .
If there is a buyer u know wanted to buy at 0.0025, u can privately agreed on the deal. The problem is how to transfer the OR to 3rd party ? Transfer of shares only allow to immediate family and must have documents prove....."
so fast want throwing to 0.08 meh? OR-trading belum habis oh.. have to maintain above 0.08 to show some confident to investors to subscribe RI mah... after OR trading finish, baru lah big2 throw..
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Posted by stockraider > 2021-07-27 10:31 | Report Abuse
sell your mother buy the rights loh!