Walau wei

Warrant trade in NEGATIVE premium, betul kah???

Conversion RM 0.35, current price RM 0.24,

total 0.59 betulkah???

Mother now trade at 0.71

Profile for Warrants
Instrument Type : Warrants

Description : Free detachable warrants (Warrants) issued pursuant to the

renounceable rights issue of  94,033,811 new ordinary shares of RM0.25 each in

Takaso Resources Berhad (Rights Shares) (Rights Issue of Shares with Warrants)

Listing Date : 13/09/2011

Issue Date : 05/09/2011

Issue Size in Unit : 56,420,285

Maturity Date : 04/09/2016

Revised Maturity Date :

Exercise/Conversion Period : 5.00 Year(s)

Exercise/ Strike/ Conversion Price : MYR 0.3500

Revised Exercise/ Strike/ Conversion Price : MYR 0.0000

Exercise/ Conversion Ratio : 1 : 1

Revised Exercise/ Conversion Ratio :

Mode of Satisfaction of Exercise/Conversion Price : Cash

Settlement Type/ Convertible into : Physical (Shares)

Remarks : The Warrants are issued to the entitled shareholders of Takaso

Resources Berhad ("TRB") on the basis of three (3) free Warrants for every five

(5) Rights Shares subscribed pursuant to the Rights Issue of Shares with


Each Warrant carries the entitlement to subscribe for one (1) new ordinary share

of RM0.25 each in TRB at the exercise price of RM0.35 and at any time during

the exercise period, subject to the adjustments in accordance with the

provisions of the deed poll dated 26 July 2011, constituting the Warrants. Any

Warrants not exercised during the exercise period will thereafter lapse and

cease to be valid for any purpose.

This announcement is dated 12 September 2011.


So what is your view regarding this negative premium?

I check through the announcement and did not find any corporate movement that only will benefit the mother holder.

Really no idea on why the warrant is trading at the negative premium.

Operator drama. Kana tipu. I also thought so good, bought in then keep water fall. cut loss lose RM 900 :(...

semua tipu orang, where hv so big katak jump in KLSE.