Gpacket will soon break 0.87 resistance, any opinion?

i don think it is easy to break the resistance with the current market correction!! be patient!!

strong support at 0.845, looking good...

i think it's right issue will be fully subscribe..

what happens if u have the shares through a nominee account ( public bank) - do u need to inform them u want to take up the rights issue or do they ask u ?
when is the latest date to apply for it ?

they will call you and ask you if you wanna subscribe.
In my case, i inform them earlier of my intention to ask for more units...

they say, if you ask for a little, they will give, but if you ask for alot, generally, they will decline..

so i'm still waiting for them to call me and arrnage for me

Hi,

I'm newbie and not really understand about right issue.

Where I can get the subscription form?Is that the company will send to us?

How much have to pay if I got 1000units?

How does the warrant works? How to convert warrant to share?

What I'll get if I subscribe it?extra 500 units with lower price?

Or can I ask my remiser to sell the right issue?

Thank you. Please me.

a. your remisier will call you/ send email to you asking if you wanna subscribe
b. if you have 1000 unit of Gpacket, you will get to subscribe 250 unit @ RM0.50 = RM125
c. exercise price for this warrant is RM0.95. You can sell it once it reach your account, or you can hold it until mother share move up.

Thank you.

so i am assuming this rights and warrants is a good thing? So should subscribe the maximum possible ?

last time for me, the form they (the company) directly send to my house by mail...

My remiser told me that the company will send the form directly to our house.

and he recommended to subscribe.If don't want to subscribe means you can sell it within 7 days.I guess

after ex-date.

Please correct me if I'm wrong.

just had a chat with public bank guys ( where i have my nominee account ) - so apparently they will call each and every account holder individually, who has gpackets shares to ask whether they would want to subscribe.
So no need to do anything if u want the rights/warrants as long as u dont sell the shares by 28/8

This post has been edited by jasonhor: Aug 25 2009, 09:13 PM

positive news...

rights issue for the company today... seems like the company did not make enough profit and is lacking funds, price now 0.695, anyone collecting more of GPacket?

I'm a newbie and I bought it at 0.84. Should I panic now? Or just wait for the share to go up? I'm not taking the rights

You must either take up the right or sell the right after it list its OR. If not you loss your right and opportunity, which is not a good idea. Not exercising your right or sell your right, means you throw money away only.

Right issue at Rm0.50 which you can buy it at Rm0.50 compared to market price of Rm0.6x, there is no reason why not take up.

You can sell now at RM0.6x and buy it at RM0.50, still free up some cash.

Today is the last day to take up the right..Can I still make it?

No, today just means ex-right, means today buyer doesn't entitle for the right issue.

You already entitled the right issue and the right (OR) will be commence listing on 3rd Sept (for a week or so), by then you can sell it if you not intend to exercise the right. The right issue exercise dateline should be after 2 weeks time, not now.