freddie, u are wrong.. OSK 's calculation is closing price... not VWAMP.. read their prospectus.. so they just have to manipulate closing

take a look at this. i think its based on 5 days vwap

http://www.osk188.com/adminv2/UserFiles/OS...nal%20Terms.pdf

Where the Settlement Price will be an amount in the Reference Currency that equals to the
arithmetic mean of the closing price of the underlying securities on the Exchange for the five (5)
schedule Valuation Dates, as determined by the Issuer and verified by the Calculation Agent,
subject to adjustments in accordance with the Conditions and without regard to any subsequently
published correction.
AND where Valuation Date(s) means in relation to the exercise of SW on the Expiry Date, each of
the five (5) schedule Market Days prior to and including the Market Day immediately before the
Expiry Date, and subject to the following Market Disruption Event provisions:
(a) If a Market Disruption Event occurs on any of the five (5) scheduled Market Days prior to and
including the Market Day immediately before the Expiry Date, then the Valuation Date(s)
shall include such number of succeeding Market Days where the Market Disruption Event
does not occur, for up to the eighth (8th) Market Day from and including the Expiry Date
(which shall be referred to as the “Last Valuation Date”), so that in no event shall there be
less than five (5) closing prices, to determine the Settlement Price; or
(b) If there are insufficient number of Market Days leading up to and including the Last Valuation
Date that are not affected by the Market Disruption Event, such that there are less than five
(5) Market Days to determine the five (5) closing prices, then:
(i) firstly, the Issuer shall determine the closing price, at its absolute discretion and on the
basis of the Issuer’s good faith estimate of such price that would have prevailed on the
Last Valuation Date but for the Market Disruption Event, and
(ii) secondly, the closing price on the Last Valuation Date as determined by the Issuer
may be referenced more than once to ensure that there are five (5) closing prices (by
the Last Valuation Date) to determine the Settlement Price.

Average of 5 days closing prices only, not throughout the days.

Correct me if I am wrong.

total sell lot is 11k at 1.95

so all buy prices from 2.28 till 1.95 will be match ...

i doubt got 11k buy queue ?

FREDDIE, Where the Settlement Price will be an amount in the Reference Currency that equals to the
arithmetic mean of the closing price of the underlying securities on the Exchange for the five (5)
schedule Valuation Dates

ARITHMETIC MEAN MEANS ADD UP 5 DAYS CLOSING PRICE AND DIVIDE BY 5, IT DOESNT MATTER U TRADE AT WHAT PRICE IN THE MIDDLE...

SO IT IS CLOSING PRICE... TODAY IS THE FIRST DAY..

osk is always closing price.. only cimb pays vwamp..

vwamp is more fair .. closing price can be manipulated... osk should be banned by bursa and sc la.. this is too much

today is the first day, next monday 1st of august is expiry date... means trading stop at thursday...

Wah this is unbelievable. Rarely see so blatant manipulation of closing prices.

For people trapped in the warrants, I think best is to buy up the cheaper mother share in last minute trading and ride it back to normal prices once the price fixing date is completed. Tomorrow morning might already be trading at normal prices for mother share because they only need to manipulate the closing prices.

You interested in this company annual report or research report done on this company? I have in print and digital format. PM or email me> man.recycle@yahoo.com

FREDDIE, Where the Settlement Price will be an amount in the Reference Currency that equals to the
arithmetic mean of the closing price of the underlying securities on the Exchange for the five (5)
schedule Valuation Dates

ARITHMETIC MEAN MEANS ADD UP 5 DAYS CLOSING PRICE AND DIVIDE BY 5, IT DOESNT MATTER U TRADE AT WHAT PRICE IN THE MIDDLE...

SO IT IS CLOSING PRICE... TODAY IS THE FIRST DAY..

osk is always closing price.. only cimb pays vwamp..

vwamp is more fair .. closing price can be manipulated... osk should be banned by bursa and sc la.. this is too much

today is the first day, next monday 1st of august is expiry date... means trading stop at thursday...

According to my friend whose close friend working in osk. Osk issued internal memo and stated that was a "trading error" but not gonna do anything.

Osk is clearly manipulating the price.

This is not the first time OSK has been manipulating its CW prices. If you study issues by OSK you will notice some manipulation is happening.

Guys,

Time to Boycott OSK .

Sure will boycott any osk related warrants but i dont have acc with them so cant do anything.
What if the victims to write to bursa? Write letter to media? Will that help..

Guys,

Time to Boycott OSK .

According to my friend whose close friend working in osk. Osk issued internal memo and stated that was a "trading error" but not gonna do anything.

Osk is clearly manipulating the price.

All major bloggers and most of the internet is saying to boycott OSK's CW unless they change to VWAP instead of average closing price. There are some people not happy with Kencana-CF as well...by OSK. 

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Added on July 26, 2011, 9:23 am

Trading error?? Like that excuse also can ah? Then there are people who queue at 1.95 before the sell order, how come they know about the trading order before it was 'errorly' traded? 

Thanks Gark for your lovely info.