It will raise RM 500 M, via Right Issues (Loan Stock) to Finance the purchase 80% of the Ascot Sport Ltd which holds the NEW Football gambling license in Malaysia, The interesting fact is Both Bjcorp and Ascot (Pte Ltd) are OWNED by Mr VT.
We have to admire VT , his business capability is unmatched by anyone in the history of Malaysia Bursa Listing Company. He is an expert in Malaysian Share Trading which makes him one of the most successful businessman in Malaysia,
There are two possibilities to expect on this stock short term:--
1) From Now , The share price is to be "MADE" higher up to over RM 2.00, so that when the time comes for Right Issue, the subscription will be given a "discount" which will look attractive to Investors
2) Taking the recent weak market sentiments opportunity,, the stock may be "pushed" down to the its Feb low at RM1.20,, AFTER BEING ACCUMULATED TO A HUGE VOLUME, THEN LATER PROGRESSIVELY "moving" the price up to over RM2.00 prior to the Right issue announcement.(Gaining double benefits)
Note: Probability No. (2) listed above looks more likely to happen !!!
Note: A cheaper means is via Bjcorp-CA,or Bjcorp-CB,, But both of these warrants are artificially manipulated by their respective Issuer, both carrying a very high Premium, BE Cautious !!
So just watch out for this interesting GAME. Riding on the Right Direction will be very rewarding !!
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