What comes after the preferencial offerings?
After the 2.007 preferencial offerings will C38U.SG go back down to 2.007? just like previously after halting?
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NIMOH : PO is $2.007 so it’s a little different from $2.07![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102306935 OP : oops sorry thanks for highlighting
NIMOH : No worries![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
To answer your question, I think it may drop to $2.07 but less likely to drop to $2.007. Just pure speculation though![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102306935 OP : thanks for your input. the PO rights they giving is non-renounceable what does it really means?
NIMOH : I am not an expert but based on my understanding, non-renounceable rights means it cannot be sold to someone else like a 3rd party.
So let’s say I am not a CICT shareholder (I want to buy at $2.007 as it is cheaper than the current market price) but you are one and you don’t wish to take up the PO. There is no way for you to transfer your non-renounceable rights to me so you can either subscribe or forgo the PO.