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ICON went restrain upwardly for the incorrect reasons. Some are proverb its because the price were together with therefore convoluted together with that non many know how to calculate the upper-case missive of the alphabet reduction.

PLEASE, this is non your start rodeo, this is non the start upper-case missive of the alphabet reduction exercise. You are all supposed to survive professional person investors or advisors.

The restrain upwardly was manifestly caused past times the 50 into ane upper-case missive of the alphabet reduction. Influenza A virus subtype H5N1 elementary calculation showed that ICON had 2.377bn shares. Divide that past times 50 = 47.5 meg shares. That must survive approximately the fewest unwrap of shares listed past times a companionship on Bursa.

The complaining parties ARE those who SOLD SHORT unwittingly. Imagine y'all had 100,000 prior to the ex date. It was trading at iv sen, y'all value was RM4,000, together with every bit amongst 99.9999% of ICON investors, y'all had lost coin already large time.

Then y'all woke upwardly together with saw the toll going restrain up.

(0.035 x 50) + (100 × 0.105) ÷ 101 = 0.12 

Add the xxx sen restrain up, y'all bring 42 sen, today add together some other xxx sen y'all bring 72 sen.

As y'all tin laissez passer on the axe encounter fifty-fifty at 72 sen, amongst only 47.5m shares its marketplace cap is only RM34.2m. Of course, in that location are yet other derivatives to cater to but let's forget that for now.

The primary argue for the double restrain up... OVERSOLD SHORT. Imagine that same guy amongst 100,000 shares (value RM4,000) together with seeing it going restrain upwardly at 42 sen. Sell start lar... Trouble is he sold 100,000 consolidated shares when inward reality he had alone 100,000/50 = 2,000 shares.

Imagine y'all bring to purchase dorsum the 98,000 ... tell at an average of 62 sen ... y'all would bring lost 62-42 = xx sen x 98,000 =RM19,600

Bearing inward heed your value was only RM4,000 to start with. The figures volition multiply if y'all had shorted 1,000,000 ...

Bursa has done no wrong. This has been the same procedure for the longest time. Even our online accounts bring default settings that produce non allow investors to curt sell stocks, i.e. selling what y'all don't bring inward your portfolio.

The ONLY people who tin laissez passer on the axe curt sell are DAY TRADERS or proprietary traders or companionship dealers... though some bigshots produce bargain through companionship dealers' accounts first. Hence if you kena curt sell... y'all larn real petty sympathy from all.