In the case of JKHW00023 only 9 days available to trade after deducting the holidays
JKH honestly not involved in JKH price push towards upward trend, only broker firms are involved in this racket, if JKH needed fund for their water front project, I think they will go for right issue next year, so this year probably JKH won’t issue 4.50 dividend as no need of up hold the JKH price even after the warrant conversion.
This is the theory of usual warrant manipulation, initially all the cash with the retails investor hands and warrant will be with manipulators hands. Before the end of the cutoff date trade, all the warrants will be with the retail investors hands and all the cash of retailer will be with manipulator hands, in the middle 1 or 2 times manipulators allows the retailers to get profit to bait the retailers
Some are in this forum after their first round of successful trade; they are trying their second round of gambling luck, but without knowing their first luck also approved by the manipulators.
Finally retailers with no financial strength to converse the warrants will lose all their money totally.
Now those involved in recent blue diamond shares, ALPH manipulation are now actively involved in this JKHW00023 manipulation.