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Any possibilities Pak Karim dispose warrant to buy mother share that he forced sell last time, before SIR report out? If he know bad news, why dispose warrant, not mother share??
It's important to remain as major share holder..more bigger more power ..if not, somebody can take your position right? Mmm..hopefully that is not a bad idea
Warrant is so out-of-money (over 600% premium) that it is unlikely to be exercised and hence worthless. So he sold them grab what he can today and now use the money to buy Serba shares.
... does it imply serbak share wont up back so soon? if serbak can hit Rm1 , do u know that warrant can worth how much, your excuses for him not complying
I think the key point is that he sold a warrant that 600% in premium and its value decaying every day. Such warrant are worthless. Don't think there is such warrant around.
Will the warrant price go up? I have no idea. But I think he would be in a better position to know than you and me.
simple logic. if the report is good, he already make the announcement before SIR stop the trading. and why wait boss sold all the warrant before the announcement come out. insider know la. poor investor
There are a lot of possibility. Probably he sell off his warrant to get cash, at the same time this causing mother share to drop so that he can get cheaper mother share.
it's just warrant which was free for him..look at the premium, the warrant is like a toilet paper..only crazy people will buy the warrant at current price..the warrant still worthless even the mother is at 1 rm...hes making good decison to dump all warrant and slowly buy mother share..discounted price and will entitled for dividen...lol
