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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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....
James113
14 posts
Posted by James113 > 2019-01-06 18:27 | Report Abuse
Target price $0.25c b4 expired in 2021