AsiaPhos W200323   

Cheaper Entry into Mother Share

Unusual volume detected in the warrant. A massive 15 mil was thrown out but was swiftly
soaked up. Mother shares also closed back at the high.
Currently the warrant is trading at a slight discount to the mother shares (exercise price is $0.08)
Let' s see how the story develops.

 

nice boost today too bad i nv buy =(

 

Interesting new warrant to look at if you have the confidence in the company' s business.

Small float as total numbers of warrants issue is about 112,664,875 of which 60,693,903 (half) is taken up by underwriting major shareholders.

So in essence free float is about 52 mil (provided the Ongs (shareholders from Hwa Hong as well) do not sell).

Story is a bit complicated but company and the shareholders looks okay.