Cut off date for REEF.W0018

hariesha · 1 Cut off date for REEF.W0018 Fri May 11, 2012 10:34 am

hariesha

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Does any body know the cut off date for the above warrant. It seems selling is over.

Malika1990 · 2 Re: Cut off date for REEF.W0018 Fri May 11, 2012 10:44 am

Malika1990

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hariesha wrote:Does any body know the cut off date for the above warrant. It seems selling is over.

June 15 2012
Cool

hariesha · 3 Re: Cut off date for REEF.W0018 Fri May 11, 2012 10:53 am

hariesha

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Thanks Malika, What I ment was last trading day. Is it June 15.

Monster · 4 Re: Cut off date for REEF.W0018 Fri May 11, 2012 11:01 am

Monster

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Almost one month more to the conversion date. But normal share is trading much below to the conversion price. Can the price normal share price move to above conversion price within a month for a successful warrant convert? According to the current market condition, it's highly unlikely the share price move above the conversion price. However, directors are purchasing the normal share to push up the share price.

sapumal · 5 Re: Cut off date for REEF.W0018 Fri May 11, 2012 11:18 am

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If the normal share didn't pass 40 (I mean not stable above 40) conversion needs to be delayed. Retailers (ordinary people) don't have money to live with their normal lify styles , so how they can find money at this stage ?
But I am not sure how REEF directors gonna handle this. They are blood sucking daemons .We know what they did to Kalpitiya money, Waskaduwa land,... etc.

Malika1990 · 6 Re: Cut off date for REEF.W0018 Fri May 11, 2012 11:20 am

Malika1990

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hariesha wrote:Thanks Malika, What I ment was last trading day. Is it June 15.

Both are same june 15 is last trading day

hariesha · 7 Re: Cut off date for REEF.W0018 Fri May 11, 2012 1:05 pm

hariesha

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Thanks Malika, You are right. I went through the Anual Report.

Exercise Period of an Ordinary Share [both days inclusive]

Warrants – 2011 Rs.30/- 01-10-2011 to 15-10-2011
Warrants – 2012 Rs.30/- 15-06-2012 to 30-06-2012
Warrants – 2015 Rs.40/- 01-06-2015 to 15-06-2015

So there is more than one month. Sellers have already sold off.