2. Last Friday i bought in GENM-CL at 0.055sen in last minute trade. GENM-CL will be expired on 7/2/2011. Has been suspended on Monday 31/1/2011. Can't do much now, have to go through the cash settlement exercise. The whole exercise would likely to take about 3 weeks. :( I would need to fork out the money to pick up all the outstanding warrant holdings. The Cash Settlement would be calculated as set out below :-
Cash Settlement = # of warrants * (Closing Price - Exercise Price) * 1/ratio
Closing Price = 5 days of Weighted Average Price here
Wednesday (2/2/2011) trading will be included as the fifth days of Weighted Average Price for GENM-CL. Hopefully the price can surge higher to give me a better value of warrant price. :)
3. Would like to take this opportunity to wish all cyber friends and comrades a Very Happy CNY !!!
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