Its depends on Mother share movement. If Mother share can breaks $0.10 and sustained, then the son will be laid. Its potential depends on how aggressive uptrend of the mother shares. Keep your finger crossed/
With the warrants adjustments pursuant to the Share Consolidation effected on SANICHI-WE shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled SANICHI-WE shareholder may use the following basis to estimate the maximum number of SANICHI-WE shares that he may sell from the Ex-date until the Book Closing Date which is from 2 April 2021 until 5 April 2021.
Number of SANICHI-WE shares that may be = Number of shares held / 10
sold from 2 April 2021 until 5 April 2021 (All fractional shares computed should be disregarded)
Illustration: For example, if Mr X owns or purchases 1000 SANICHI-WE shares on cum basis on 1 April 2021, his CDS account would still show 1000 SANICHI-WE shares until 5 April 2021. However, as a result of the above warrants adjustment, Mr X’s 1000 SANICHI-WE shares in his CDS account will be adjusted to 100 SANICHI-WE shares on the night of 5 April 2021 which is the Book Closing Date. Therefore, Mr X may, if he so wishes, sells only up to 100 SANICHI-WE shares on or after the Ex-date i.e. from 2 April 2021 onwards . . Further, the existing exercise price of Warrants E of RM0.10 each will be revised to RM1.00 each pursuant to the Adjustments.
The Consolidated Warrants E will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 6 April 2021, being the next market day following the Entitlement Date.
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Posted by James113 > 2019-01-06 18:27 | Report Abuse
Target price $0.25c b4 expired in 2021