QUOTE(maxsteel2001us @ Nov 18 2009, 01:59 PM)
so what should i do? aih....if sell the lr now...only earn RM90...but losses in scomi -777 ....
i m confuse here...i got 6k scomi-lr here for free.....but the price is 0.02 now ....
and ain't that 0.10 when i want to convert to mothershare? how it is counted??
Sold all crappy at market price 0.025. Better preserve the cash. Should sell it yesterday, thinking that it will hit 0.05c, that's why.
Added on November 18, 2009, 3:20 pmQUOTE(kolabong @ Nov 18 2009, 03:03 PM)
LR is the right to buy ICULS (the 4% pa thingy, and i assume it will be known as SCOMI-LA if it listed).
1000 scomi = 1500 LR.
if i have 1500 LR: pay 0.10each or RM15 to get 1500 LA and free 200 warrants.
so i can exercise 200 warrants and get 200 mothershare @ 0.40each.
how about the 1500 LA ? sell ? can i convert it to mothershare?
thanks alot!
yes, LR is the right to buy ICULS.
Buy now get free warrants 200w for 1000 ICULS.
So, if you have 1500LR, pay RM150 (RM0.10 x 1500)
Then your total price will be around RM160 (plus other fees) and get free 300 warrants
Assume the WARR is listed at 0.12cts, then you got extra RM36 (if sell less RM15 for fees)
So, total net investment is RM160- 36-15 => 140 RM roughly, and you get 4% income for every year, or convert to mothershare
RM0.40 x 1500 = RM600, and get 1,500 scomi *now worth 51cts, so pretty much in profit, provided the mothershare stable at that level/range
Sold mine, 45,000 LR for cash at 0.025.
If I want LA, then need to fork out 4500, better preserve cash for MAXIS
This post has been edited by zamans98: Nov 18 2009, 03:22 PM