Actions:
MRCB is more worthwhile if i buy directly the mother share now and sell prior to listing of the new warrant.
Later, i will convert the profits into new warrants.
Congratulations to those holding MRCB-WA, the conversion price will drop to RM 1.60 and your shareholding will increase by 33.3%. Congrats!
The setback is short conversion period, namely August 2018....but that should be mitigated by election budget aka expansionary budget for this month of October.
Reasoning:
1) The Right Issue comprise 5 mother and 1 warrant for every 5 rights.
Caveat:
1) Nevertheless, i will still be contemplating the ex-price of the new warrant, whether it is warrant-friendly or warrant-hostile.
"Warrant or derivatives is the instruments of the rich - Warren Buffet"
Good Luck! Amigo!
Yours Sincerely,
Dr Lion.
MRCB is more worthwhile if i buy directly the mother share now and sell prior to listing of the new warrant.
Later, i will convert the profits into new warrants.
Congratulations to those holding MRCB-WA, the conversion price will drop to RM 1.60 and your shareholding will increase by 33.3%. Congrats!
The setback is short conversion period, namely August 2018....but that should be mitigated by election budget aka expansionary budget for this month of October.
Reasoning:
1) The Right Issue comprise 5 mother and 1 warrant for every 5 rights.
Caveat:
1) Nevertheless, i will still be contemplating the ex-price of the new warrant, whether it is warrant-friendly or warrant-hostile.
"Warrant or derivatives is the instruments of the rich - Warren Buffet"
Good Luck! Amigo!
Yours Sincerely,
Dr Lion.
Those who believe in MRCB make. Like the English saying "Finders keepers, loser weeper"
ReplyDeleteMRCB get Penang Transportation Master plan Contract.
Congrats.
Reach Rm 1.15. Hopefully, second leg after new share listed.
ReplyDeleteGood Luck! Amigo!