MC, the company warrant are not tradable. It is like a discount coupon with your name and exercise period of 3 years. If you no exercise it, means burn lo... It cannot be transferable. This is not IB warrant.... the insider boss sure will exercise it. so it is a right issue when existing owner who didnt exercise it will get smaller cake... good for T20 and bad for B80 retailer. This is a strategy for insider to have better control of the share price volatility.

这公司warrant不能交易，就像一张有你名字的折扣券，有效期3年。如果不行权，就等于浪费了，而且不能转让。这不是投资银行的warrant，老板肯定会行权。所以这其实是权利配售，没行权的股东份额会变小，对T20有利，对B80的散户不利。内部人士可以在股价低时回购，高时行权，慢慢稀释股东的股份。看他们是想积累还是分配，反正照样能赚钱。也许今天那对狼兄弟已经开始实施他们的策略了。

没关系，你不懂也没问题，毕竟这不是那么容易懂的，哈哈。T20是拥有公司40%股份的老板，B80是拥有剩余股份的小股东。如果股价下跌，T20会低买；如果股价上涨，T20会exercise warrant赚更多。对T20来说是双赢。而B80可能没钱exercise warrant，或者average down，股价涨时赚得少，股价跌时亏得多。如果所有人同一天行使Warrant，股份会被稀释20%。不过，我相信T20会每周慢慢行使warrant，这样对股价的影响不会太大。现在的下跌对T20来说是个好机会，可以趁低吸更多股票，拿更多warrant，在接下来的3年里慢慢行使。简单来说，股价对B80投资者来说，上涨空间有限，下跌风险更大。

MC, alright. The shares fall so much, meaning, the market has voted. Do you think the free warrant proposal will get approve? A great CEO just said before 5pm, apparently free warrant proposal wasn't taken well, so we will retract the proposal. (I might just be wishful thinking)

haha, that why i say wishful thinking lor... What retailer can do is to avoid buying any future memoir book at Popular if they did not U turn. Anyway it is not the first time a CEO don't understand what their shareholders wants....wont be the last..

Yang, if you put one spoonful of coffee into a cup of hot water, You see black coffee on day one. If you put a pinch of coffee into a cup of hot water daily for the duration of 3 years, you only notice the the black coffee on the 3rd years. And if you continue to pour hot water and pinch of coffee every day throughout the 3 years, your cup of coffee can never be black. Therefore, the company must reasonably increase its profit to maintain the share price at the current price if they wanted to silently buying new shares at a discount using the warrant.. If company do like that slowly, then the share price can go higher even with dilution if EPS can go higher in this three year. Fund manager, go give CEO team a call!

Yes, you must have the ability to exercise the warrant at the correct time.. also this is unfair to new future player who want to play the game.. as existing player have free warrant while they dont... This warrant change the rule in the YTL chess game. You must throughly understand the Risk and reward before playing this 3 dimensional chess. Therefore, majority traditional player most likely avoid playing the game.

你可以把它想象成做咖啡。第1天，你把一勺咖啡放进热水里，马上就变成黑咖啡了。但如果你每天只放一点点咖啡粉，过3年后，咖啡才会变黑。如果你每天都加一点点，咖啡永远不会变得很黑。

这就像公司慢慢增加利润的方式。如果公司利润增长，它还是可以维持股价，即使有一些warrant造成的稀释。公司需要确保未来三年，利润（EPS）能够增长20%，这样才能支持股价保持在高位。所以如果公司发放warrant（就是给股东更便宜的股票），股价依然可以上涨，只要赚的钱多了。

但问题是，这对新股东很不公平，因为现有股东得到免费的warrant，而新股东要按全价买股票。这改变了游戏的“规则”。新玩家可能会觉得不公平，可能会不想加入。

最重要的是，作为投资者，你必须理解这“3D棋局”的风险和回报。公司如何处理warrant，会决定它对未来投资者是好还是坏的交易。

yes bro I totally agree with your statement. As long as the company business still has growth potential, I suggest to dca if you are holding. Just ignore that clown, everyone here know his pattern he always making non-sense statement

当啊婆突然打扮使用口红，一定有事发生。她可能在谈恋爱。YTL会不会在三年后，尝试把公司私有化呢？这三年，T20先让B80投资者因为股价跌而行使warrant被稀释，或者直接cut loss走人。然后T20们就在接近warrant的行使价慢慢收票。一旦票够多，T20们就exercise warrant，把持股比例拉到差不多75%，然后再提私有化计划。所以咯，T20现在要在免费warrant发之前，尽量用最低价收多多票……哇，我一定是喝醉了(Freefloat 25-28%)