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This warrant is definitely in money provided mother can continue to go up more. If not use less, they just let you to convert it to increase the outstanding shares.
The Rock, make sense. Investors willing to pay more premium for mother with good prospect. Now discounted 5%, try to attract people convert mother again, then push down mother share again later. Pattern always same. Sien
You need to buy WA first then exercise price is 0.72 per share to covert. Normally conversation will take 1 week time, provided mother share still able to maintain at current level then you are guaranteed to earn 10 to 11%.
For example: you buy WA at RM0.29 +RM0.72 (exercise price) = RM1.01 (your cost). When the time your mother share already in, mother still maintain at RM1.15, you earn RM0.14 (13%). Please contact your remisier for further details.
What i know is if u bought son 100lot and want to convert to mother..it will cost u 0.72x100lot = 7.2k..after convert u get let say son 0.3+0.72= 1.02. Ur cost is 0.3x100lot + 0.72x100lot = 10.2k. After convert u sell let say 1.20 x 100lot = 12k. 12-10.2= 1.8k profit.
