Can Greg reduce the warrant conversion prices?
As i know there is no law to prohibit such act? Is there?
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
I don't think its transparant & also fair by those who panicked and sold earlier.mark wrote:Dear Survivers..
Can Greg reduce the warrant conversion prices?
As i know there is no law to prohibit such act? Is there?
mark wrote:Dear Survivers..
Can Greg reduce the warrant conversion prices?
As i know there is no law to prohibit such act? Is there?
If they reduce the W2 conversion price LH is the one mainly get benefitted and they can get the ownership back.So I do not think that current owners may like that idea.slstock wrote:Reducting conversion price :
This may be an option. I guess the management can decide to reduce the conversion price at EGM after approval as it will not directly be considered a negative for holders. But I also don;t not know the existing SEC rules on this.
Whitebull wrote:If they reduce the W2 conversion price LH is the one mainly get benefitted and they can get the ownership back.So I do not think that current owners may like that idea.slstock wrote:Reducting conversion price :
This may be an option. I guess the management can decide to reduce the conversion price at EGM after approval as it will not directly be considered a negative for holders. But I also don;t not know the existing SEC rules on this.
Main holder of W2 is Lionhart then Mr.Rishanslstock wrote:By the time the warrant W2 get exercised in 6 months , if GREG.N is not Rs 33 just think about what will happen to w2 holders.
BTW if you have time, I found this GREG thread when GREG.N was last round Rs 32 (from early 2012 )
http://forum.srilankaequity.com/t14768p50-from-monday-onwards-greg-wd-be-the-hot-stock
Whitebull wrote:If they reduce the W2 conversion price LH is the one mainly get benefitted and they can get the ownership back.So I do not think that current owners may like that idea.slstock wrote:Reducting conversion price :
This may be an option. I guess the management can decide to reduce the conversion price at EGM after approval as it will not directly be considered a negative for holders. But I also don;t not know the existing SEC rules on this.
slstock wrote:Reducting conversion price :
This may be an option. I guess the management can decide to reduce the conversion price at EGM after approval as it will not directly be considered a negative for holders. But I also don;t not know the existing SEC rules on this.
Whitebull wrote:
If they reduce the W2 conversion price LH is the one mainly get benefitted and they can get the ownership back.So I do not think that current owners may like that idea.
It is bit of a question when looking at the top 20 shareholders,Chinwi wrote:slstock wrote:Reducting conversion price :
This may be an option. I guess the management can decide to reduce the conversion price at EGM after approval as it will not directly be considered a negative for holders. But I also don;t not know the existing SEC rules on this.Whitebull wrote:
If they reduce the W2 conversion price LH is the one mainly get benefitted and they can get the ownership back.So I do not think that current owners may like that idea.
Can anybody tell us who are the current owners of GREG (with controlling interest)
If that is not Lionhart then the new owners will do whatever possible to protect their controlling interest.
Warrant holdrs has no power to decide anything.
So time bet. now and conversion date is critical.
You may have to leave with nothing.mark wrote:affa buy order filled at 1.50.,so im in...
Buying Greg Warrents is too risky at the moment.....when it comes to W3 it is too too too risky....prabath wrote:You may have to leave with nothing.mark wrote:affa buy order filled at 1.50.,so im in...
Whitebull wrote:Buying Greg Warrents is too risky at the moment.....when it comes to W3 it is too too too risky....prabath wrote:You may have to leave with nothing.mark wrote:affa buy order filled at 1.50.,so im in...
Today it went up to 1.80.....mark is a winnerprabath wrote:You may have to leave with nothing.mark wrote:affa buy order filled at 1.50.,so im in...
Whitebull wrote:Today it went up to 1.80.....mark is a winnerprabath wrote:You may have to leave with nothing.mark wrote:affa buy order filled at 1.50.,so im in...
That warrent actually do not have any real value but this is the nature of the Greg...
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum