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Just want to know that your 20k shares is in lot? Which mean you have 2million units bought for RM30k at 0.015? Or 20k units bought for RM300 at 0.015?
No.....your outstanding becomes less because the price must multiply by 25 therefore, the value of your outstandings after consolidation remains the same.
What is your outstanding on Netx now and how much $ you bought ?
Ng Han Lung : You will get to sell it on the 1st day of listing because 0.005 were on the buyer side. After a few hours, it turned to the seller side with huge volume and those who didn't get to sell it will need to queued, hoping to sell it after but normally when comes to OR, unlikely people will buy if they don't wish to convert.
James Ng : You're entitle for OR if previously you have existing mother share. You should sell it when OR listed if you don't want to convert it. If you didn't take any actions, the OR will lapsed after expiry date.
You're only entitle for free OR if you have existing shares. You will need to pay as the stated issue price IF you wish to convert to mother share. Else, you just need to sell all your outstanding OR if you have, at market price. The OR will expire in 7 days.
So whoever don't entitle for the OR, just don't trade this counter as it will expire soon. If you're thinking to earn within this few days, chances are near to 0. Invest your money in other stocks.
