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The right and warrants was issued at exercise price is 0.5 cents. At the current price at 1.5 cents.
For every dollars get from rights and warrants ,MDR need to pay 3x to buy back the same amount of share.
Bopanha ( Date: 05-Apr-2012 13:47) Posted:
Barring a secret agenda the board (or some crooked members there) has in doing a consolidation, like I said a totally honest board of directors with no secret agenda to " steal" your money, there is not much shareholders can do but pray they don't become victims. However, they can always vote to show that they are against such thing, even if they lose the vote, unless the constitution states that there must be unanimous yes votes, which means even if one shareholder does not agree, they cannot pass the resolution to consolidate. SGX can make it mandatory, or if asking for unanimous is too much, make it passable only if 80 percent voted for it. This is to prevent the unhappiness to happen.
There is definitely an alternative to doing it, just like you mentioned, to buy and cancel the shares. In the US market, they always buy back to cancel the shares for the benefit of the shareholders. Some companies in Singapore buy back to put aside as treasury shares capable of being disposed later or given as scrip dividends to shareholders. For such a large float in MDR, it could be problem but instead of consolidation, it could be done through put options to large investors to buy the shares from the market at a specific range of price and exercise the puts at a distant date with some benefits agreed upon.. I don't know if any company has practiced this idea I thought of, but if a company does this, then by the maturity date, the company, the shareholders and the investors will benefit without having to consolidate. Who knows it might become a Genting, or a Capital Land.
moneycow ( Date: 05-Apr-2012 13:21) Posted:
How than to boost the EPS if floating share is so huge at more than 12 BILLIONS and perhaps more placements and rights issue in future ?
Consolidation would meant shareholders get better reward when the company does well in future ventures.
Total distributable profits divide by total share float= bigger figure meant shareholder returns bigger.
Unless they grow as huge as maybe Genting or Capitaland where profits are by BILLIONS or close to it... every year..
Or else really got no choice.. Or perhaps, company make use of profits and buy back their own share and cancel it....is another solution...
But that will take years....and years before any significant cancellation/reduced of huge share float.
Either way, there will be unhappy parties. Knowing that consolidation is seem inevitable...holders can opt out before consolidation takes place...as IF its being proposed, they need to get SGX in principal approval and later votes by shareholders...got quite a big and reasonbale lead time to get out...if shareholders disagree with consolidation proposal. .. Once its put to vote via EGM/AGM. 99.9 % go thru one...
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A bigger pushing ...now in procession...Happi Trading.
Further clarification. If an funder buys the warrants or even the shares from the market, the funds could exercise all the warrants without issue of shares by agreement in the put options with careful planning and terms.
Barring a secret agenda the board (or some crooked members there) has in doing a consolidation, like I said a totally honest board of directors with no secret agenda to " steal" your money, there is not much shareholders can do but pray they don't become victims. However, they can always vote to show that they are against such thing, even if they lose the vote, unless the constitution states that there must be unanimous yes votes, which means even if one shareholder does not agree, they cannot pass the resolution to consolidate. SGX can make it mandatory, or if asking for unanimous is too much, make it passable only if 80 percent voted for it. This is to prevent the unhappiness to happen.
There is definitely an alternative to doing it, just like you mentioned, to buy and cancel the shares. In the US market, they always buy back to cancel the shares for the benefit of the shareholders. Some companies in Singapore buy back to put aside as treasury shares capable of being disposed later or given as scrip dividends to shareholders. For such a large float in MDR, it could be problem but instead of consolidation, it could be done through put options to large investors to buy the shares from the market at a specific range of price and exercise the puts at a distant date with some benefits agreed upon.. I don't know if any company has practiced this idea I thought of, but if a company does this, then by the maturity date, the company, the shareholders and the investors will benefit without having to consolidate. Who knows it might become a Genting, or a Capital Land.
moneycow ( Date: 05-Apr-2012 13:21) Posted:
How than to boost the EPS if floating share is so huge at more than 12 BILLIONS and perhaps more placements and rights issue in future ?
Consolidation would meant shareholders get better reward when the company does well in future ventures.
Total distributable profits divide by total share float= bigger figure meant shareholder returns bigger.
Unless they grow as huge as maybe Genting or Capitaland where profits are by BILLIONS or close to it... every year..
Or else really got no choice.. Or perhaps, company make use of profits and buy back their own share and cancel it....is another solution...
But that will take years....and years before any significant cancellation/reduced of huge share float.
Either way, there will be unhappy parties. Knowing that consolidation is seem inevitable...holders can opt out before consolidation takes place...as IF its being proposed, they need to get SGX in principal approval and later votes by shareholders...got quite a big and reasonbale lead time to get out...if shareholders disagree with consolidation proposal. .. Once its put to vote via EGM/AGM. 99.9 % go thru one...
Bopanha ( Date: 05-Apr-2012 13:02) Posted:
Considering some market factors such as manipulation, exploitation and legal cheating (directors teaming with shortsellers to profit from us), consolidation of shares is a disadvantage for existing shareholders. As the more the shares are consolidated, they can become cheaper through systematic manoeuvres to pilfer our pockets. Study it properly by theory or by logic or by experience, you will find what I said is the cardinal truth. Don't ever encourage consolidation of shares because no CEO will know who in his flock can be the blacksheep doing unsavory things. So only with honest company, that has proven itself will consolidation be good for small and medium stakeholders/shareholders.
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Do agree with u. After share consolidation, shr will be manipulated by, for trading purpose and there after shr prices will usual start dis-interest by BBs, till it is fallen into attractive price again. A quite collection begin, then push it up to make an offer for shr placement, to rise fund again.
Jusy sharing my thot....Happi Trading.
Bopanha ( Date: 05-Apr-2012 13:02) Posted:
Considering some market factors such as manipulation, exploitation and legal cheating (directors teaming with shortsellers to profit from us), consolidation of shares is a disadvantage for existing shareholders. As the more the shares are consolidated, they can become cheaper through systematic manoeuvres to pilfer our pockets. Study it properly by theory or by logic or by experience, you will find what I said is the cardinal truth. Don't ever encourage consolidation of shares because no CEO will know who in his flock can be the blacksheep doing unsavory things. So only with honest company, that has proven itself will consolidation be good for small and medium stakeholders/shareholders.
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How than to boost the EPS if floating share is so huge at more than 12 BILLIONS and perhaps more placements and rights issue in future ?
Consolidation would meant shareholders get better reward when the company does well in future ventures.
Total distributable profits divide by total share float= bigger figure meant shareholder returns bigger.
Unless they grow as huge as maybe Genting or Capitaland where profits are by BILLIONS or close to it... every year..
Or else really got no choice.. Or perhaps, company make use of profits and buy back their own share and cancel it....is another solution...
But that will take years....and years before any significant cancellation/reduced of huge share float.
Either way, there will be unhappy parties. Knowing that consolidation is seem inevitable...holders can opt out before consolidation takes place...as IF its being proposed, they need to get SGX in principal approval and later votes by shareholders...got quite a big and reasonbale lead time to get out...if shareholders disagree with consolidation proposal. .. Once its put to vote via EGM/AGM. 99.9 % go thru one...
Bopanha ( Date: 05-Apr-2012 13:02) Posted:
Considering some market factors such as manipulation, exploitation and legal cheating (directors teaming with shortsellers to profit from us), consolidation of shares is a disadvantage for existing shareholders. As the more the shares are consolidated, they can become cheaper through systematic manoeuvres to pilfer our pockets. Study it properly by theory or by logic or by experience, you will find what I said is the cardinal truth. Don't ever encourage consolidation of shares because no CEO will know who in his flock can be the blacksheep doing unsavory things. So only with honest company, that has proven itself will consolidation be good for small and medium stakeholders/shareholders.
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Considering some market factors such as manipulation, exploitation and legal cheating (directors teaming with shortsellers to profit from us), consolidation of shares is a disadvantage for existing shareholders. As the more the shares are consolidated, they can become cheaper through systematic manoeuvres to pilfer our pockets. Study it properly by theory or by logic or by experience, you will find what I said is the cardinal truth. Don't ever encourage consolidation of shares because no CEO will know who in his flock can be the blacksheep doing unsavory things. So only with honest company, that has proven itself will consolidation be good for small and medium stakeholders/shareholders.
Players trying hard to play @0.015. However @0.014, seem to b the best offer play, at the moment.
Happi Trading.
Look at the sell que. warrant holders handing over their 0.005 unit/shares to whoever want to taker over... 3x profits in pocket. Incomer wait long long...with big fraction of that 6 billions more to sell for instant profits.. incomers will have to really hold long long.... seller can also sell at 0.01 if it fall to that range and still make 200% profits... this will be a long very long process...
Good morning, Traders and Punters,
Tomorro is a public holiday (no trading), so today players and volume is expecting, as expected - lower trading volume play is on...
MDR and W140925 volume trading is expected to be on lower volume play.
Happi Trading.
What jovenus said is true, anything can happen, as such what U said is oso make sense..." opportunist"
On 2-April-2012. Posted -- Best day to let go. And those bot at 0.015 cts or at 0.016 cts...Let hope they can sell ay 0.018 or at 0.019..Huat huat...argh.
Happi Trading. ......Happi Trading to all punters.teeth53 ( Date: 03-Apr-2012 20:27) Posted:
Players taking more risk ??. on how we play - it's a gamble, the more players win, the more they badly wanted to win more. I hereby announced MDR owner is the real winner.
Reminded: Just human greed - nothing worth to gamble.
serene ( Date: 03-Apr-2012 10:13) Posted:
| What a great day today for fellow vested opportunist ! Huat-ah! |
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Its also a good thing if the warrants are quickly convert to shares so Co can go ahead to consolidate" .
Will Co make eniff to fund their growth, with their profit made?. if it is enuff, is okkk then, if not then what.??
To rise fund for Co growth (assuming if need, unless is cash very rich). I would prefer BBs placement and institutonal investor to help rise fund as they got plenty of money to tap on, thing is will they bite the offer or not..?. (reminded me, China paper who has cash and is dept free, yet wanted to rise more cash..?).
teeth53 thot: Co need to fund their growth as much and as such, trading prices need players to be excited, so prices can goes as high as possible, if possible.
Happi Trading. Offering an alternative opinion.
teeth53 ( Date: 04-Apr-2012 12:56) Posted:
" Why not. When they got their shares at 0.005 via warrant given to them as package."
Only for BBs (Dir) holders, who are giving the right to convert @0.005 and not open mkt buyers.
Open mkt buyers who wish to convert, will hav to pay, for Eg...will hav to pay the different of 0.006 cts
(let say warrant bot @0.008 and now mother shr last done @0.014, ++ fee and commission) |
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Anything can happen in 3 to 5 years.
Mobile business is very sensitive to economic cycle .
If a recession coming again. The last time on people mind is to change new mobile phones.
Better get a strategic investor or diversify from current business.
teeth53 ( Date: 04-Apr-2012 21:42) Posted:
In between now and 3 to 5 years later, there can be placement of new and existing share or branch out and or do a M& A, like U said share consolidation oso can, there can oso ask for right (1 on 1) issue, (assuming nothing can happen along the way) as always money is always not enuff to grow the company, having said that, money also is not always never enuff to grow, for growing into BBs pocket.
So rich can be come richer and the richest.
Let us all, retails, speculators, punters, investors and as many players. Let help P.Eng dream soon then later.
moneycow ( Date: 04-Apr-2012 13:09) Posted:
Management and majority holders holds majority of this warrants. This group may hold. But they will have to pay up to change their warrant into shares at half a cent each. MDR will get financial boost from the converts As the share float is too huge. Company will likely to consolidate their shares. But in order to be able to proceed with consolidation.. all warrants must be convert into shares or else they will have to come out with a scheme... say if company decides to consolidate 10 into 1.. Than warrant holders will have to pay 5 cents for one mother share. And based on 0.014 traded price... each share would have a value of 14 cents( after consolidation) . Market float will be +/- 1.3 billions. Not too bad.
With cash from warrant converts and its own cash balance... new venture and acquisition of high profit business would enhance its future value definitely.. but it takes time. maybe 3 to 5 years down the road.. it might just well be one of the success story.
Logically. But as said. for now. Thats the way it is...until...
So share consolidation is inevitable and is the only winning way forward... it takes some time.
PPL whom goes Long on this one...should benefit vastly. (3- 5 years time)
Those whom are on it to look for quick returns except for those existing warrant holders will be frustrated.
In my opinion.
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In between now and 3 to 5 years later, there can be placement of new and existing share or branch out and or do a M& A, like U said share consolidation oso can, there can oso ask for right (1 on 1) issue, (assuming nothing can happen along the way) as always money is always not enuff to grow the company, having said that, money also is not always never enuff to grow, for growing into BBs pocket.
So rich can be come richer and the richest.
Let us all, retails, speculators, punters, investors and as many players. Let help P.Eng dream soon then later.
moneycow ( Date: 04-Apr-2012 13:09) Posted:
Management and majority holders holds majority of this warrants. This group may hold. But they will have to pay up to change their warrant into shares at half a cent each. MDR will get financial boost from the converts As the share float is too huge. Company will likely to consolidate their shares. But in order to be able to proceed with consolidation.. all warrants must be convert into shares or else they will have to come out with a scheme... say if company decides to consolidate 10 into 1.. Than warrant holders will have to pay 5 cents for one mother share. And based on 0.014 traded price... each share would have a value of 14 cents( after consolidation) . Market float will be +/- 1.3 billions. Not too bad.
With cash from warrant converts and its own cash balance... new venture and acquisition of high profit business would enhance its future value definitely.. but it takes time. maybe 3 to 5 years down the road.. it might just well be one of the success story.
Logically. But as said. for now. Thats the way it is...until...
So share consolidation is inevitable and is the only winning way forward... it takes some time.
PPL whom goes Long on this one...should benefit vastly. (3- 5 years time)
Those whom are on it to look for quick returns except for those existing warrant holders will be frustrated.
In my opinion.
moneycow ( Date: 04-Apr-2012 12:48) Posted:
I think many warrant converters laughing their way to the bank... already..many warrant holders are scrambling to convert and try to hit the market when its hot.... or have to wait long long than see how... But even if its sold for 1 cent. warrant holders still make 100%.
Why not. When they got their shares at 0.005 via warrant given to them as package.
Won't loose... so when the huge remaining warrant is converted... many will still sell off to collect their bonus. Incomers whom grab based on others action...now holds the baby... as high as 0.016/7..hope for next wave ... but with increment to warrant convert at around 6 BILLIONS..the selling will takes a long while..to sell off... apart from that... If after all warrant are converted... the share float would be doubled to around 12 BILLIONS.... without consolidation......... no chance for RTO ... but if it decides to consolidate .. what will happen to warrants ?
If warrants still can convert to share with just 0.005 cent. when consolidate.... say 5 to 1, or maybe 10 to 1......
Share float would reduced to 1.3 billion... not too bad... provided all warrant are converted or else have to wait till 2 years time when tits mandatory to convert of cancelled.
Its also a good thing if the warrants are quickly convert to shares so company can go ahead to consolidate..
With no debts and just 1.3 billions share float and making money further enhance with new lucrative business venture it would indeed be a future GEM but for now... its neither here nor there... can't move much..till all warrants are converted to shares and follow by consolidation 10 to 1
Still have to tankuku ...
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(Bid - volume done at buyer's price) and (
Ask - volume done at seller's price)
Warrant play: 4 deal done on just B4 n after it open for trading @0.009, at ask price, pickup by players. there after all the way trading at 0.008 n closed at 0.008
For like today, MDR Warrant (W140925) trading did not move, was stuck @0.008, only way is to sell to cut loss in fee and commission, if not players may either risk picking up (when time to pay) and hope for the best next week.
Hope it move, it can be up, it can oso move down...Happi Trading.
AnthonyTan ( Date: 03-Apr-2012 11:23) Posted:
You don't have to convert the warrant to new shares.
Why don't you just sell the warrant????????
moneycow ( Date: 03-Apr-2012 00:51) Posted:
6,084,420,995. warrant yet to be converted to new shares......EPS Super dilute...with current businesses no meat already. If new incomer keep buying up ...warrant holders with Off load to new comers... and laughing all the way to the bank.. :)
But incomers willing to pay for it. Until the last man holding and buy really high....plunge.... last man standing case ?.
6,084,420,995..............no wonder...pay just 0.005 can sell off at 0.015 instantly because ready willing buyers from publicity..Hopefully all this buyers know the value...and don't just buy because ah cow also buy..:)..over bought case.....will plunge...as EPS reduced further with every hundred of millions warrant convert at 0.005 cent each...and sell at 5X profits... wow... and more...as new buyers thought ..its highly valuable..willing to pay ...so much higher.... its a bit risky.. at this moment...when the musical chair music stop...you left holding. no other implications but based on current assets, value and company business... does it worth the chase ?
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| MDR |
CPF |
CD |
Op-0.015 |
Cls-0.014 |
-0.001cts |
-6.7% |
Vol-122,763,000 |
Trade Summary: (57,724 lots, less 62,083 lots)=
4,359 lots more trade is done with in d afternoon trade. Players is not in a hurry nor is commited, Note: Friday is a public holiday - no trading.
(Bid - volume done at buyer's price) and (
Ask - volume done at seller's price)
teeth53 ( Date: 04-Apr-2012 12:02) Posted:
After morning trade Summary: Hope afternoon play is better. Let hope...Happi Trading,
Bid : volume done at buyer's price.
jovenus ( Date: 04-Apr-2012 11:17) Posted:
| Comatose now. Going back to sleep . |
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:)teeth53 ( Date: 04-Apr-2012 13:02) Posted:
Is better don know how to play this kind of counter, is better not to.... if it stag, or stuck for few days.
Si bei jialat lehh. like that not stuck, but kena suckin....
warrenbegger ( Date: 03-Apr-2012 22:17) Posted:
So many of U like this kind of counter,
Too bad i don't know how to play this type of business :) |
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Management and majority holders holds majority of this warrants. This group may hold. But they will have to pay up to change their warrant into shares at half a cent each. MDR will get financial boost from the converts As the share float is too huge. Company will likely to consolidate their shares. But in order to be able to proceed with consolidation.. all warrants must be convert into shares or else they will have to come out with a scheme... say if company decides to consolidate 10 into 1.. Than warrant holders will have to pay 5 cents for one mother share. And based on 0.014 traded price... each share would have a value of 14 cents( after consolidation) . Market float will be +/- 1.3 billions. Not too bad.
With cash from warrant converts and its own cash balance... new venture and acquisition of high profit business would enhance its future value definitely.. but it takes time. maybe 3 to 5 years down the road.. it might just well be one of the success story.
Logically. But as said. for now. Thats the way it is...until...
So share consolidation is inevitable and is the only winning way forward... it takes some time.
PPL whom goes Long on this one...should benefit vastly. (3- 5 years time)
Those whom are on it to look for quick returns except for those existing warrant holders will be frustrated.
In my opinion.
moneycow ( Date: 04-Apr-2012 12:48) Posted:
I think many warrant converters laughing their way to the bank... already..many warrant holders are scrambling to convert and try to hit the market when its hot.... or have to wait long long than see how... But even if its sold for 1 cent. warrant holders still make 100%.
Why not. When they got their shares at 0.005 via warrant given to them as package.
Won't loose... so when the huge remaining warrant is converted... many will still sell off to collect their bonus. Incomers whom grab based on others action...now holds the baby... as high as 0.016/7..hope for next wave ... but with increment to warrant convert at around 6 BILLIONS..the selling will takes a long while..to sell off... apart from that... If after all warrant are converted... the share float would be doubled to around 12 BILLIONS.... without consolidation......... no chance for RTO ... but if it decides to consolidate .. what will happen to warrants ?
If warrants still can convert to share with just 0.005 cent. when consolidate.... say 5 to 1, or maybe 10 to 1......
Share float would reduced to 1.3 billion... not too bad... provided all warrant are converted or else have to wait till 2 years time when tits mandatory to convert of cancelled.
Its also a good thing if the warrants are quickly convert to shares so company can go ahead to consolidate..
With no debts and just 1.3 billions share float and making money further enhance with new lucrative business venture it would indeed be a future GEM but for now... its neither here nor there... can't move much..till all warrants are converted to shares and follow by consolidation 10 to 1
Still have to tankuku ...
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Is better don know how to play this kind of counter, is better not to.... if it stag, or stuck for few days.
Si bei jialat lehh. like that not stuck, but kena suckin....
warrenbegger ( Date: 03-Apr-2012 22:17) Posted:
So many of U like this kind of counter,
Too bad i don't know how to play this type of business :) |
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" Why not. When they got their shares at 0.005 via warrant given to them as package."
Only for BBs (Dir) holders, who are giving the right to convert @0.005 and not open mkt buyers.
Open mkt buyers who wish to convert, will hav to pay, for Eg...will hav to pay the different of 0.006 cts
(let say warrant bot @0.008 and now mother shr last done @0.014, ++ fee and commission)
