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the co announced a 110 mln ESOS ( 10% of paid up capital ) last friday , to be fixed at 10% discount ( max ) of the next 5 days VWAP.
Very likely the price will be kept at this level so that the ESOS conversion price will be fixed at an attractive level.
After that it is very likely the market price shd move up quite a lot.
Tan, pls assist to push up the price to 0.60 or higher level. So that they need a higher amount to subscribe the ESOS. And this also helps company obtain more cash for expanding. Different between 110mil x 0.40 & 110mil x 0.60.
Don’t just let them treat us as 羊牯…
Pappajack was doing in a more gentlemen way. ESOS exercise price at 1.00 +/- level
the ESOS conversion price , once fixed ( shd be around 0.36 to 0.37 sen based on current parent price ) will be kept at that level for the next 5 years , with an option to extend for another 5.
Thereafter the parent price shd move up so that the staff can benefit if they work hard n make the co more profitable.
