smallville wrote: sanju351 wrote:
To sell warrants or to take control again with converting warrants ...
If the local party wants to retain the control they will have to Buy warrants at a high price ..
I think knowing this only the local party also started collecting Warrants and they collected 77 Millions and 24 mullions already
Anyway - According to this view warrants are also of a high value and may go beyond expectations very soon .....
Without just saying cock and bull stories, we need to understand the reality...
You talk like a master but fails and cry like a baby
Who are these connected parties u talk about... Again more gossip...
OK now CT holds 40 Mil shares (11.5%) of GREG.N.
What's next for this master warrant factory?
W2 warrant conversion cut off has been postponed till 6 September 2013. Which will expire on 26 September 2013. This was done due to sensing the failure of the process.
Earlier ERI bought 19 Mil shares of BIL @ 5.50. That's Rs. 104.5 Mil investment.
Initially they wanted to buy 372 Mil (20%) of BIL from Taprobane, donno what happened?
Speaking of GREG.N sell offs;
On 23 October 2012, Caledonian Securities had bought 23.9 Mil shares (6.85%) and increased its holding to 45.8 Mil shares (approx. 13.1%).
On 19th November 2012, Lionhart had sold 101 Mil Shares (28.9%) to Taprobane Holdings @ 16.7/share.
CT group now has 40 Mil (11.5%) shares of GREG with recent acquisitions.
So, as of today,
53% of GREG is CT+Taprobane+Caledonian.For CT, its not easy to dump these in the open market and they need a really good rabbit
to buy these at a higher price.
I think we need to give due concentration to the fact chinwi enlightened.
The buyers might have not even thought about the warrants before buying and they might not even dreamt that LionHart can come to ownership by converting warrents if they want.
On the other hand, LionHart will have to wait a year at least to do so.. So they can let others play and watch the company's future before taking a decision. Alternatively, they can even get rid of the remaining warrants and say 'bye' to GREG.
But selling off these warrants may not attract crowd imo.. Lionhart will lead the game however.
If they sell, they'll try to sell high. So they'll first try to strike a deal with the new faces of the company.
Even if local parties want to take control, they'll not be able to buy warrants at a higher price. Do u think money is grown on trees? So far Lionhart has only bought a lil' over 1% of BIL in contrast to the 20% they agreed.
Therefore, if failed, Lionhart will have no other option than dumping warrants at market price.
If they sell Warrants, its highly unlikely that our retail fellows buy those again if the GREG.N price is below 40.
Now its interesting to see who will be there to drive this further.. If you can, pls do the wonders
BTW... wat happened to the so called "World market" knowledge u displayed on another thread? We're waiting for you to enlighten us on that.. Pls hurry up..