Repost my notes on AT ....
One of the more obscene ridiculous shenanigans is of course AT.
I made some small notes on it before ....
Post #2452Points to note....
1. The Warrant had ALWAYS been in the money EXCEPT for lately.
conversion is 1:1 priced at 0.035 each.....
2. Conversion of warrants to ordinary shares is an ON going thing..... so today's number of AT shares will be different than last weeks.
AT as at today has 3.274 billion shares outstanding....
AT-W as at today has some 439 million shares .....
Based on its opening price ... AT and its warrant has a market cap of 863 million.
Which is really absurd... yeah... around 30 sen.... you are talking about the fact that AT is worth ONE BEEEEELLion ringgit.
3. Pearl Gloves purchase price was what? 22 million? LOL! Think about it............... lol4. Point 1 & 2 .... the structure of the shares is so important, no matter if you are a trader or investor. The conversion of the warrants, dilutes the earnings for the investor.
The CONSTANT increase of number of shares will cause a share overhang for the trader ............... remember this point.
5. The constant increment in new shares was also seen in ARBB.
6. And yeah so much utter crap going on in an effort to blatantly push up the shares...
*****
AT now is at 20 sen...
AT and its warrants at current prices is worth some cool 700 million.
The Peral Glove purchase was how much again? 22 million nia...
Do you think AT should be worth 1 Beeeeeeellion?

AT Systemization Bhd is raising RM99.3m through another private placement, which will involve it issuing up to 750.0m shares or 20.0% of its total issue price. RM71.2m would be used for its glove business and RM25.1m for working capital, with the balance to be used to defray expenses related to the exercise, which it expects to be completed by 1Q2021. (The Edge)