only the boss knows the intention of making such an announcement at this juncture - full subscription basis at such discount. And the boss made it a full subscription basis - someone else will buy the rights renounced by shareholders.

market is just waiting for financing news; swing low triggering margin calls if aagb fails to secure financing or swing high if aagb successfully secures financing deals.

that's one way of looking at it, nicky. but in reality, the emotional sunk cost (running loss) played a bigger role in the judgement of questionable numbers (eg - 3.7bil unknown dev costs/assets) and over time, increasing the risk of total capital loss.

Lol, Adama. bcos you started the viral tick tok tick tok back in Aug before the limit down.

suspension incoming?

ARIM's exposure to the 2bil sukuk is between 500mil to 600mil based on the estimate from theEdge and ARIM has suspended the funds due to heightened credit risk. Will the balance 1.5bil sukuk financiers take actions too given the heightened risk?

4th floor incoming

for leisure reading. https://www.mfa.com.my/wp-content/uploads/2013/12/vol-9-2001-p1-p20.pdf

The suspension applies to all subscriptions, redemptions and switching into or out of the funds, ARIM said in a statement. The suspension does not in itself indicate an issuer default or a realised investment loss, the fund manager said. The move is being undertaken "in accordance with applicable regulatory requirements to manage liquidity constraints amid increased redemption requests and heightened credit risk relating to certain investments", it said. https://www.klsescreener.com/v2/news/view/1808675/amanahraya-investment-management-suspends-redemptions-in-three-funds-on-liquidity-constraints

its the rights issue announcement effect now aka the stock price behavior / reaction upon rights issue announcement :) The Board intends to fix the Issue Price at a discount ranging between twenty five% to thirty% to the TERP based on the five-day VWAP of GENT Shares preceding the Price Fixing Date (rounded to the nearest whole sen). The theoretical ex-rights price (“TERP”) of GENT Shares based on the five-day volume weighted average price (“VWAP”) of GENT Shares preceding the Price-Fixing Date. The issue price of the Rights Shares (“Issue Price”), entitlement basis and entitlement date (“Entitlement Date”) for the Proposed Rights Issue have not been determined at this juncture and will only be determined and announced by the Board closer to the implementation of the Proposed Rights Issue in order to provide flexibility to the Board.