this still does not explain shareholders need money, just the increase of shares only.

Then what is the purpose of increasing the number of shares?

Anyone knows who dumping the shares heavily recently?

getting themselve to list in main board probably, this is a must exercise to meet the listing requirements in main board.

if they need money they will raise right issue instead of bonus issue.

But they also offer same amount of warrants. So that means they also raising fund at the same time while offering bonus shares as both are at the same ratio of 1 for 1.

the bonus issue come with free warrants right ? then it subject to conversion to mother share by holders by paying a conversion price, provided holders of warrant convert or else they can opt to sell it without need to fork out any money still. all in all, this exercise is to increase the share liquidity to pave the way for main board.

i see it a good move but the price still plunge ?

I agree with you, I also think it's a positive news. I think price plunge because sharks cooked the price too high in the sky, so consolidation becomes necessarily. In fact, it should be the sharks again who triggered this sky fall drama.

swim along the shark(s) but the timing is another questions .......

once volume down, we can start buying.

Asia Media CEO sells 22.6m shares

http://biz.thestar.com.my/news/story.asp?f...28&sec=business

This is great! Now we can see price stabilize in short period of time since panic sell will happen immediately and if there is sharks start to accumulate back that also will happen immediately. No more long dragging game. Anyway, this kind of stock (this kind of CEO), better play with tight cut loss/profit taking points.

---

Added on October 19, 2012, 11:41 amPETALING JAYA: Asia Media Group Bhd chief executive officer Datuk Ricky Wong Shee Kai has parted with 22.6 million shares in the company after selling them in the open market.

Wong, who is the founder of the company told StarBiz that these dealings were for “individual capital management.”

“Yes. There are some (shareholding) dealings for individual capital management. It’s nothing major and it is on (the) shareholder level. Nothing related to the company,” Wong replied in a text messsage.

After parting with his 9.02% stake in Asia Media on Tuesday, Wong now owns 32.43% in the company, stock exchange filings show.

It is notable that Wong told StarBiz just a few days before hiving his stake in the company that he hadn’t sold a “single share” since the IPO.

http://biz.thestar.com.my/news/story.asp?f...63&sec=business



This post has been edited by yok70: Oct 19 2012, 11:42 AM

its time to play play. lookin strong at the moment bros.

i did not follow this counter but the price movement is so tempting. seem there is possibility for the price to shoot higher...and there is a talk about bonus issue. anyone care to share your opinion?

BONUS (and + Free Warrant) issue normally drags down the mother share.

touch 0.43 at this moment. personally i think this counter can make some money for new yaer or chinese new year.

Shark can only cooked the shares up sky high only when the major shareholders agreed not to sell.

This is a corporate game where many small fishes will eventually be caught.

This post has been edited by alenac: Dec 13 2012, 07:24 PM

Just enter at 0.425 2 days ago and now hitting 0.46.
today news out and confirmed of free 1 mother share + 1 warrants.
Should looks good right now and fair value is in the range of 56 cents.
For those looking for angpow money, its not too late to enter.

Stay tune

Bonus issues will make the shares more liquid and half the price or lower upon listing. Price ex bonus will be half of the market price a day before ex bonus.

Moreover, people will be very careful with this counter as its price had collapsed recently.

This post has been edited by alenac: Dec 14 2012, 09:53 PM

will buy close to ex.

should be able to get a good price on it.

Hello Zaman. what would be the ex price approximately please?
thanks.