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I am an accountant, based on XL company's proposal on 1/7 and 11/8, it stated the RCN of RM 200 million can only convert maximum of 191 million shares. I believe the smarter investors who knows how to do basic calculation the RCN conversion price should be $1.047.
Just that the RCN announcements on 1/10 and 12/10 shows RCN conversion price at 0.6027 and 0.5373.
I believe the cash balance of 1.047 is still exist, just that company didn't make announcement on it.
Weng Tat, do you know how corporate game work? Let me tell you that the company announces that off market will buy 40% to 50% at a low price about 0.6. Then ask Kenanga IB will push it up and sell at average price of about 1.80. Press it down and buy back more than 40% of control.
I can tell you the entire listing status doesn't need money. You’re an idiot who doesn’t know how to do math
My impression of Kenanga is not good. Any elder player should remember the incident that Kenanga’s largest shareholder was also the managing director has murdered his relatives in the swimming pool. The murdered was reported in the news. He then flee abroad until now no news.
Well shopee I need to remind you, I believe those invested in XL will read and go through the 67pages of Multiple Proposal. We just waiting for company EGM and future vision
