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Two week’s maximum for conversion. Observe the mother share. Too many retailers holding frontken warrant. I think that’s why mother share is being suppressed. You see KGB-wb. Same expiration date.
If chairman’s goal is to collect more shares he would just buy it from open market. But the money goes to whoever selling. Frontken was buying back shares to push it back above 4.00. The warrant chairman warrant convert to mother share and exercise value of 4 ringgit per share goes to raise capital. Warrant doesn’t go to waste. Chairman gets mother shares for lower price. Money he used to exercise goes to the company. Unlikely chairman will be dumping warrant.
When warrant are converted.. the company gets capital to pay debt or investment. Frontken has not much debt. So they'll use the capital for expansion. At the same time. Warrant circulating in the market will be lesser. If demand stays the same or goes up..warrant price will go up
No. Covert to mother share to generate cash. When warrant is converted, the chairman gets mother share for cheaper price plus the 4 ringgit per share exercise value goes to the company.
No it won't. Frontken provides service to TSMC Taiwan. They don't export goods to USA. Trump as usual will postpone the tariff by August after negotiation.
Yea.. a little. But need to wait September for federal reserve rate cut and next federal reserve chairman announcement. But market is forward looking so it'll be bullish from now onwards. Especially when Israel Iran war has stopped escalating
US Commerce Secretary Lutnick said the US and China finalized a trade deal 2-days ago and the US will lift export curbs on semiconductor engineering software and some materials in exchange for China re-starting rare earths shipments to the US, Bloomberg reports. A framework for a deal was agreed upon 2-weeks ago.
