While boss have loss alot of share selling off as promotion price buy one free one due to Margin call, boss wanna Buy back more and more shares he loss in October, so he buy warrant:

If exercise date Ptrans more than >RM0.50 per share

Bingo, boss get back what he have using cheapest price convert to ordinary shares.

If exercise date Ptrans less than <RM0.50,

Too bad, But second plan is convert warrant into ordinary shares by paid RM0.50 (pump in Cash flow to Ptrans) and waiting Ptrans price become higher in future. it send a message value of Ptrans not only RM0.50 per shares.

Boss either way also earn… more or less only…

But as you said, if boss got so much money go convert with RM0.50 buy in open market is more easier, so i think not much share boss can paid in full to fully convert with RM0.50… it have gambling element inside maybe…

670k*0.03= RM20k only...

1. No money on hand to buy share
2. Want to get some attention
3. Insufficient support at board to request sharebuyback..

Just my naive opinion.

i rather believe bos willing to pump money into company by converting the warrant at 0.50. the matter of fact, he is doing that already if you pay attention to bursa annoucement. gambling shold be out of the possibility, bos is the most insider out of insiders that know the most about the company. he doesnt need to gamble about anything. if price shoot up above exercise price of 0.50 befoee expire date. he must already knew it already instead of being lucky

也不是靠情報, 是種種跡象顯示公司內部有一些問題。。
1. 大老闆股權少了, 可能沒甚麼決定權了
2. 大老闆手上剩不多錢了, 只能買warrant 以小博大
3. 沒解釋trade receivables
4. 像我們之前所說的undervalue, 但沒什麼買盤, 反而只有跌。專業投資者可能已經看到一些問題, 但不能說。
5. 老闆被margin call, 應該沒什麼希望買回了。只能另外找 投資人, 現在還沒消息, 代表希望也渺茫。

就是這些問題越來越明顯, 我才覺得奇怪, 所以我只能慢慢止損。。

純屬我的疑問。

所以作为价值投资我觉得老板买不买都不关我事，事实上看的是5年后企业还在吗？Terminal还在吗？战争还在吗？油价100+USD能维持几多年？一年？五年？十年？我相信战争肯定会有停火的一天（不可能有无限的钱烧）。
拉长远来看，你该在大萧条，打仗时恐慌卖出？定是从恐慌的人手中接货？等待市场恢复时赚取超额收益。