Raiz368If you subscribe RI today, you will get free warrant. Ratio 4 R 3 warrant. Exercise price at 10 cent for maturity 5 year. I think warrant will open price on first day listing around 3-5 cent.
11/01/2023 10:50 AM
Risk TraderI think operator will push up the price to above 10 cent before 26th Jan 2023
12/01/2023 1:57 PM
Winner38Bought at 0.075, then queue in at 0.07..ini Kali lah..
12/01/2023 2:06 PM
Raiz368Today operator already enter and collect at 0.075 cent.
12/01/2023 2:16 PM
Risk TraderNo more selling pressure...is time to enter. Best entry at 0.075 cent
The balance of 70% will be subscribe by major shareholder....
NOPE. They didnt subscribe so.
On behalf of Industronics, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 11 January 2023 (“Closing Date”), the Company has received valid acceptances and excess applications for a total of 270,058,985 Rights Shares, representing a subscription rate of 30.86% over the total number of Rights Shares available for subscription under the Rights Issue.
The minimum subscription level for the Rights Issue had been achieved notwithstanding the under-subscription for the Rights Issue.
The total number of excess Rights Shares available for allocation is 742,090,073. In view that the total number of excess Rights Shares applied for was 137,088,510, the Board has decided to allot the excess Rights Shares to all the entitled shareholders and/or their renouncee(s)/transferee(s) who have applied for the excess Rights Shares
17/01/2023 12:16 PM
JovanAs expected, the subscription rate will be extremely low because of current price is lower than offer price for RI.
18/01/2023 9:06 AM
Risk TraderNow company cash rich so they must utilizes the RI money to inject for new business...
18/01/2023 1:36 PM
AlfI3Wasn't tat d objectives of raising d cash call been ironed in its RI AP?
20/01/2023 7:47 AM
speakup RI is for this: https://www.theedgemarkets.com/node/649409
20/01/2023 7:53 AM
Raiz368After CNY this counter will fly and break all time high.
21/01/2023 8:00 PM
zhm540now the directors hold most of the shares, it is about time they push it up again
25/01/2023 9:31 AM
zhm540now the directors hold most of the shares, it is about time they push it up again
25/01/2023 9:31 AM
speakupdun waster your time on this swap to muhibah better. CEO Mac is currently goreng muhibah now. Easy fast money
25/01/2023 11:02 AM
Risk TraderPress down the mother share before son to be listing by this friday....
25/01/2023 11:10 PM
AlfI3If ppl pressed it down, there are supports to push up dis ctr price too till break 8 cents phycological lvl. It is called CNY fevers
hakubasnowThis Itronic gave a nice surprise to the anybody who's willing to defy the odds and subscribed to the Right Issue
OR = 0.005 since the first day Massively undersubscribed at 69.14%
Let say you bought 200,000 OR @ 0.005 = RM 1,000 To subscribe to the Right Issue = 200,000 x 0.08 = RM 16,000
Total cost = RM 17,000
2 :1 Rights Issue & 3 Warrant : 4 Right Share subscribed @ 0.08 So for every 200,000 Right Issue subscribed you are entitled to 300,000 warrants
Based on Friday's closing price : Itronic = 0.06 Itronic-WA = 0.03
You sold all 200,000 Rights @ 0.06 = RM 12,000 You sold all 300,000 Warrants @ 0.03 = RM 9,000 Total = RM 21,000
Profit = 21,000 - 17,000 = RM 4,000
28/01/2023 9:07 PM
speakupbut obviously Datuk Chu didn't do that. hahahha
28/01/2023 10:55 PM
hakubasnow#surewin111 I would not recommend doing so, now with the listed rights and warrants, there are more shares in the market. People would just sold off and be done with it. Same like BTM Right Issue. Since the the listing on 16/01/23, the price for both Right & Warrant do not see much movement.
29/01/2023 2:07 PM
khpwwlyou think you can sell at 0.03 warrant? hahaha...
30/01/2023 9:21 AM
AlfI3haha, try to do it & proof to us; illustrate very much easier that the actual transactns. Isnt it?
30/01/2023 12:31 PM
hakubasnowI got nothing to prove to you because I didn't buy Itronic I'm tracking all entitlement : Bonus Issue, Right Issue and Dividend. Been doing that for so many years. The best RI that gave me huge profit were PMBTech and Scanwolf
Putting forward my opinion on Itronic here is just as a reference and case study, because the RI although was massively undersubscribed it still can make nice returns. Recent RI that I subscribed and made money are Huayang and Rex. I only choose companies with good track records that issue rights and warrants that do not run into billions like BTM, BSL etc
Currently focusing on Annum. Bought @ 0.29 before ex-date and already sold off my shares @ 0.31 on Friday. Will now subscribe online to the right issue before acceptance date.
From ur comments, how wud u think abt Annum? Consider a "comp w good track rkds"; as very rare this comp announcing news & mkting info?
Sincerely hope to listen to ur views on this note.
"I Currently focusing on Annum. Bought @ 0.29 before ex-date and already sold off my shares @ 0.31 on Friday. Will now subscribe online to the right issue before acceptance date.
31/01/2023 8:04 AM
speakupdatuk chu didn't subscribe for excess just show how little confidence he has in his own company
31/01/2023 9:41 AM
Risk TraderDato Chu already fully subscription 68.527 mil for excess RI on 27th Jan...
Risk Traderhakubasnow..you calculation is wrong. To get free warrant must buy RI with ratio 2 RI will get free 1.5 Warrant. To get free RI must buy mother share with ratio 1 mother will get 2 right or can buy RI at open mkt at 0.005 cent.
01/02/2023 6:26 PM
hakubasnow#Risk Trader You're right, my bad on my RI calculation
01/02/2023 7:24 PM
Winner38Dropped to 0055..need to wait 2 weeks, collect more now
07/02/2023 10:22 PM
Winner38Bought in to leverage hope the momentum can Fly soon.. Need another 3 up to make money..
