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beochia ( Date: 09-Sep-2009 08:39) Posted:
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now rights trading is over, when will the rights converted to mother share is credited to our account, anyone knows, thanks
Monday last day of nil paid right. Sunshine maybe coming............
Cheers.
Alligator ( Date: 04-Sep-2009 18:55) Posted:
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If you are entitled shareholder, then you are eligible to apply excess rights
If you are NOT entitled shareholder and you buy nil-paid rights during rights trading period, you can only exercise those u bought and NOT aligible for excess rights application.
alexwong ( Date: 04-Sep-2009 16:57) Posted:
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Sorry just found out mine is ARS form, not ARE form... means cannot apply for excess rights rite?
alexwong ( Date: 04-Sep-2009 16:11) Posted:
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okay.. thanks alot!!! another question... Before this company issue rights, i have no shares in my holdings.. i only bought the nil-paid rights eg, in my case 22lots.. I paid up the 0.5cents and also i need to up 0.01cents to convert into mother shares.. In my case can i still buy excess rights? cause my ARE form which is in yellow color, only state that i need to top up the 0.01cents.. No other option/box for me to buy excess..
From my small small experience from buying the rights of FCOT, i was allocated 18lots because i have 6lots prior to the announcement of their rights issue.. The ARE form was blue in color with boxes asking if i wanted to buy excess lots.. Whats' their difference? Or is there any difference at all?
Thanks in advanced!!!
i do not think bank should know your CDP account. i have not come across that problem of bank saying about entitltment.
Bank ATM acts like a tool for ease of payment.
also, if you choose NOT to pay for excess, of course key in 0 for excess is correct.
perhaps you might be reading and interpreting incorrectly
just do it gain, key in 22000 on entitlement ( do not key in lot, key in number of shares entitled as in ARE form), excess key in what u want or zero if you dun want, just proceed to pay, collect the payment slip for reference
alexwong ( Date: 04-Sep-2009 15:28) Posted:
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Thanks Alligator for ur reply.. This morning i received the ARE form.. I went down to the ATM and wanted to key in.. I tried to key in my 22lots using the entitlement screen.. for excess rights screen i keyed in NIL (0) .. But the bank show me that i do not have entitlement for the shares.. Therefore i can choose to proceed or terminate the payment..
How come i cannot key in? Is it because i need to key into the Excess part? Or should i just proceed and pay ( By proceeding and pay, the bank's screen state that i will not be compensate and $$ if i was not entitled and rights)
Waiting for ur kind reply.. Thanks!!
Alligator ( Date: 04-Sep-2009 15:04) Posted:
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Last payment date is 11 Sept.
Payment method: ATM is simplest,
However if your ATM bank is NOT participating bank, then sorry, must use ARE form + cashier order.
How do you know your Bank ATM is participating?
as a entitled shareholder, CDP and coy will send you theARE forms and document, check index page, look for the participating bank page, go directly there, you can see if your bank is listed.
alexwong ( Date: 03-Sep-2009 09:42) Posted:
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Quote by Alexwong
Hi all. got a question to ask.. i bought 22lots of map tech rights at 0.05.. and it has been credited from my bank a/c already....from what i know i need to top up 0.01 to convert into mother share... how do i top up the 0.01? At atm machines or do i wait any letters to ask me to convert? thanks
Am learning too, waiting for reply for above. Any Master, Senior, Expert or whatever, please reply
Hi all. got a question to ask.. i bought 22lots of map tech rights at 0.05.. and it has been credited from my bank a/c already....from what i know i need to top up 0.01 to convert into mother share... how do i top up the 0.01? At atm machines or do i wait any letters to ask me to convert? thanks
Emm but 0.06 is more of like the actual support, but i don't thk it will hit there.
dealer0168 ( Date: 31-Aug-2009 10:37) Posted:
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If not wrong the worst will be drop until @ 0.065.
That the support. After that we should see rebound. (my opinion)
They seems to be cashing on Map Tech for profit first. Imagine the amt of Right Map Tech allow people to subscribe, to be frank too cheap.
Those super rich one/ directors/ Investment company normally invested in millions/ thousand. After that profit them by selling them to retail investor.
Big player play, i must say.
Anyway, Map Tech must view long term...............
Another type of counter play.
Quantico ( Date: 28-Aug-2009 21:47) Posted:
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Director sold 1,000,000 shares at 8 cents on 27 Aug.
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Open market disposal by Gatwick Investment Holdings Limited (“Gatwick”). Deemed to be interested in the shares of MAP Technology Holdings Limited held by Gatwick by virtue of the provisions of Section 7 of the Companies Act (Cap. 50). This follows larger sales earlier. Wonder why?? Better be careful. |
Normally there will be people that don't want to pay fr Rights (maybe don't have lots of extra cash to hold). When the nil "paid rights" last day coming soon, they will gan-chiong and may sell cheaply.
Below are the last day nil paid rights info u need:
Commencement of trading of “nil-paid” rights : 28 August 2009 from 9.00 a.m.
Last date and time for splitting rights : 4 September 2009 at 5.00 p.m.
Last date and time for trading of “nil-paid” rights : 7 September 2009 at 5.00 p.m.
baniel ( Date: 28-Aug-2009 15:07) Posted:
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