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For your 10 lots of Rights Shares, you may
EITHER
1) Convert them to ordinary shares @ $0.091 x 10000 by 14 Dec 2011
OR
2) Sell them in the open market @ prevailing price (last date for trading - 8 Dec 2011)
james87 ( Date: 05-Dec-2011 22:05) Posted:
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Sorry...I dun quite understand it. Meaning if currently I'm holding 10 lots, I do know that I'm allocated 10 lots of rights...what does that mean then? Does it mean that the rights is already mine and I have the option to either sell it in the open market now or I could also purchase it at 0.091 for it to be converted to ordinary shares after 14 dec? So...If I dun buy the allocated 10 lots....I could still sell the rights now in open market at 0.021 (current price) to earn a sum of $210?? kind of confusing....pls enlighten me. Thanks
Exercise price @ $0.091 for each rights share by 14 Dec 2011.
belgeran ( Date: 05-Dec-2011 01:05) Posted:
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SELL MOTHER SHARE AND APPLY RIGHT IF U GOT MORE THAN 100 LOTS...MAY APPLY EXCESS RIGHT..EARN COFFEE MONEY
james87 ( Date: 05-Dec-2011 00:29) Posted:
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all rights can be converted to ordinary shares if they are paid up by the stipulated date.. which i believe is somewhere in mid dec?
those who do not wish to convert the rights into ordinary shares can sell the rights off in the market. if not.. they expire once the stipulated date is pass.. expired rights is worthless.
Hi,
Could someone explain to me bout this right thingy. So as to say, after the ex right date, all the rights will be converted to ordinary shares? then how bout those holding exising shares if they dun wish to purchase the rights?
I think a lot of people are shorting the mother share. Just had my shares loaned out. Some also see an arbitraging opportunity- selling the mother share and buying the rights at a cheaper price. Somewhere along the way the price will have to move back up, probably once the dust has settled from this capital raising exercise- may take weeks to months. Have to be patient. ...and of course if the Eurozone does not implode. This is always the caveat.
i ever make a loss in gmg but was recover back by excess right given, i sold all mother share apply excess 100 and rewards 45 lots , but i am not sure current, but think still can get some excess right if u apply
maxsim ( Date: 01-Dec-2011 18:28) Posted:
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bro maxsim.
i am having the same mix feeling as you....
i choose to wait it out till the 7th dec and see if the share price will drop closer to 0.091
it seems like a make loss or take up situation only... selling of my rights will only make loss now too...
Urghhhh ...
Issuing of rights... I have on hand 40,000($0.315) and they intend to allocate 40,000 rights to me at SGD$0.09.
Should i take it or should i just dump everything out at a lost.
After issuing of rights, the price will plunge further.
Anyone facing same kind of situation care to share your experience.
this is bullshit! Rubber is one of the main commodity that everyone needs. who doesnt use rubber at all, everywhere anywhere everyone use rubber.
doesnt make sense at all.they just trying to rob the investor money, damn.. welcome to wall street.
Down 11% now.
Maybe with AIDS org trying to get Batam ferry operators to distribute condoms, rubber price will come back up again ?
bishan22 ( Date: 30-Nov-2011 11:05) Posted:
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| GMG Global hit by lower rubber prices |
| WRITTEN BY THE EDGE |
WEDNESDAY, 30 NOVEMBER 2011 10:52 |
Shares of Singapore-listed rubber firm GMG Global Ltd (GMGG.SI) fell as much as 10% on Wednesday to a 17-month low, hit by the recent fall in rubber prices and a worsening global economic outlook, traders said.
At 10:29 a.m., shares of GMG Global were 8.5% lower at $0.129 with more than 8 million shares changing hands.
The most active rubber contract on the Shanghai futures exchange for May delivery (SNRK2) has fallen about 28% since the beginning of September and by nearly 9% in the last month alone.
“Rubber prices have fallen quite a lot due to worries of another recession and this made investors more negative towards the outlook of GMG Global as the company’s earnings are very much dependent on rubber prices,” said a local trader.
No eyes to see this rubber melting away. Get out if possible. 
GuavaXF30 ( Date: 30-Nov-2011 09:32) Posted:
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Wow. GMG OMG. Post-rights issue dropping like stone. Down 7% already today. Anybody know reason ?