CCM XB calculation

From forum

they cannot give bonus shares...sgx has some regulations about it..eg min share price i think is 50 cts before bonus sharees are allowed...
so give bonus warrants plenty of them....
so u see
yesterday share price is 16 cts...cum bonus
today x bonus..

16 cts + 10 cts warrant subscriptions= 11 shares...
theorectically =2.36 cts/share..

today share price started at 2.2 cts and traded up to 9 cts..
currently around 6 cts...