QUOTE(wiiwangwang @ Nov 3 2009, 12:56 PM)
I'm sorry to ask this silly question, but I'm very confused with the free warrants that I'm holding now, this is my situation:
1. Was holding 20000 units of GPACKET
2. Took the rights issue offer, and applied for additional rights, now holding 31000 units of GPACKET and 11000 units of free warrants.
Now, my questions are:
1. How do I exercise the free warrants? Filling out forms etc?
2. Can I sell the free warrants instead?
3. If I can sell the free warrants, does it mean GPACKET-WA is the counter that I should look at for prices?
4. Does it mean, if I sell all 11000 units now (@0.865), I get RM9,515 profit just like that? Getting almost RM10k profit for free? That's too good to be true, that's why I'm confused.
Need all experienced Dai Go's to enlighten me on this... thank you in advance
Answer:-
1. you already got the free warrant. If you are using internet trading, check under your share portfolio. It's there already
2. Yes, you can sell!!! you are lucky you ask right now. price is good if you wanna sell
3. you have to look for GPACKET_WA. yes you are correct
4. Yes, you will be getting RM9515!!! that is true and u better believe it!!!