REEF Future....?

chathura · 1 REEF Future....? Mon Sep 12, 2011 8:15 pm

chathura

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My adviser said REEF will be 100 or more.but it not move. i bought 87 now 80.what will i do. please advice me friends.... pale

hariesha · 2 Re: REEF Future....? Mon Sep 12, 2011 8:38 pm

hariesha

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Why are you expecting it to move over night. These are shares. Not lotery tickets. If you bought at a higher price, try to avg. when come down to 78 levels. REEF.W0017, is converting to normal shares, in Oct. It will move up before that.

Schweiger · 3 Re: REEF Future....? Mon Sep 12, 2011 8:49 pm

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me at 85 ,86 dont worry it will go up....

marusira · 4 Re: REEF Future....? Mon Sep 12, 2011 8:55 pm

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Schweiger wrote:me at 85 ,86 dont worry it will go up....

Is it your feeling or said some one it will go up or any other news.....?

ruwa925 · 5 Re: REEF Future....? Mon Sep 12, 2011 8:59 pm

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If it touch 100 what could be the w19 price....?I feel it will go up after warrents convert to normal.

kotasa · 6 Re: REEF Future....? Mon Sep 12, 2011 10:32 pm

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Warrant conversion date is 30/09/2011. You can covert W0017 to a ordinary share by paying 30/- per share. That means if you buy W0017 at current price (37/-) your total cost of a ordinary share is only Rs.67/-. But currently share is trading around 80/-. Therefore, W0017 should go up within few days or share price should come down. However both may go up as manipulators are occasionally playing with this share.

Last edited by kotasa on Tue Sep 13, 2011 12:18 am; edited 2 times in total

ruwa925 · 7 Re: REEF Future....? Mon Sep 12, 2011 10:57 pm

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It's interesting why dj and np not trying to push it up..... Question

kotasa · 8 Re: REEF Future....? Mon Sep 12, 2011 11:04 pm

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They must be collecting W0017 these days at a discounted price. If so they will push this up before end of the month after finishing collection of W0017.

thambi · 9 Re: REEF Future....? Tue Sep 13, 2011 5:33 am

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heard the same story ! be patient bro should reach 3 digits within weeks/months

sapumal · 10 Re: REEF Future....? Tue Sep 13, 2011 9:15 am

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ruwa925 wrote:It's interesting why dj and np not trying to push it up.....

They don't have extra to sell

sapumal · 11 Re: REEF Future....? Tue Sep 13, 2011 12:08 pm

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Seems like reef don't have any future. People moving to George Stuart
Hope this is my last investment with Dilith Very Happy

lvflame · 12 Re: REEF Future....? Sun Sep 18, 2011 9:58 pm

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Hey guys, only now I got to know about the conversion of W0017. Will the warrants get cancelled if we dont pay the additional Rs 30/= ???

kotasa · 13 Re: REEF Future....? Sun Sep 18, 2011 11:37 pm

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lvflame wrote:Hey guys, only now I got to know about the conversion of W0017. Will the warrants get cancelled if we dont pay the additional Rs 30/= ???

Yes. It will get cancelled, if you don't pay money and get it converted to ordinary shares. Otherwise, people who apply for additional shares at the conversion will be the lucky winners.

blacknight_rc · 14 Re: REEF Future....? Mon Sep 19, 2011 12:37 am

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kotasa wrote:

lvflame wrote:Hey guys, only now I got to know about the conversion of W0017. Will the warrants get cancelled if we dont pay the additional Rs 30/= ???

Yes. It will get cancelled, if you don't pay money and get it converted to ordinary shares. Otherwise, people who apply for additional shares at the conversion will be the lucky winners.

how long do we have, to pay that sum? Rolling Eyes