GREG.W0002 Price band

troy wrote:Aiyo i was waiting to collect this below 50 cents.

FXX wrote:

troy wrote:Aiyo i was waiting to collect this below 50 cents.

.50+33=33.50 u can buy the main share for 26 so why spend 33.50

Monster wrote:

FXX wrote:

troy wrote:Aiyo i was waiting to collect this below 50 cents.

.50+33=33.50 u can buy the main share for 26 so why spend 33.50

If you are purchasing 10,000 shares, you are investing only Rs 5000/- (if the warrant price goes to 0.50). On the conversion day, you are going to pay additional 33/- in September 2011. You don't have to hold your Rs 26/-. You never know, normal share might trade at 60/- the conversion day. Hence, you may get a profit of 30/- just after holding your Rs 0.50 for 18 months.

I have put a buying order for 50,000 shares for Rs 1/-. But I didn't get it today.

Monster wrote:

FXX wrote:

troy wrote:Aiyo i was waiting to collect this below 50 cents.

.50+33=33.50 u can buy the main share for 26 so why spend 33.50

If you are purchasing 10,000 shares, you are investing only Rs 5000/- (if the warrant price goes to 0.50). On the conversion day, you are going to pay additional 33/- in September 2011. You don't have to hold your Rs 26/-. You never know, normal share might trade at 60/- the conversion day. Hence, you may get a profit of 30/- just after holding your Rs 0.50 for 18 months.

I have put a buying order for 50,000 shares for Rs 1/-. But I didn't get it today.

FXX wrote:
September 2012 is the conversion date ? That's good positive thinking Monster

Monster wrote:

FXX wrote:
September 2012 is the conversion date ? That's good positive thinking Monster

No, conversion date has been extended up to 26th September 2013.

http://www.cse.lk/cmt/upload_cse_announcements/4791328090905_.pdf

FXX wrote:

Monster wrote:

FXX wrote:
September 2012 is the conversion date ? That's good positive thinking Monster

No, conversion date has been extended up to 26th September 2013.

http://www.cse.lk/cmt/upload_cse_announcements/4791328090905_.pdf

Thanks

FXX wrote:

troy wrote:Aiyo i was waiting to collect this below 50 cents.

.50+33=33.50 u can buy the main share for 26 so why spend 33.50

LongTerm wrote:In terms of the SEC directive dated 14th September 2010, GREG-W-0002 has been captured by the formula relating to the Price Band for 03rd February 2012.

However, taking into consideration the fact that the above warrants will not trade after 3rd February 2012 (Cut-off date), the CSE, in consultation with the SEC, has decided not to apply the 10% Price Band on the above security for 3rd February 2012.


Trading of the security will not be permitted after 3rd February 2012.

Chabbi wrote:Hi Guys im Back after around 2 months .....

Monster wrote:

FXX wrote:

troy wrote:Aiyo i was waiting to collect this below 50 cents.

.50+33=33.50 u can buy the main share for 26 so why spend 33.50

If you are purchasing 10,000 shares, you are investing only Rs 5000/- (if the warrant price goes to 0.50). On the conversion day, you are going to pay additional 33/- in September 2011. You don't have to hold your Rs 26/-. You never know, normal share might trade at 60/- the conversion day. Hence, you may get a profit of 30/- just after holding your Rs 0.50 for 18 months.

I have put a buying order for 50,000 shares for Rs 1/-. But I didn't get it today.