And Asia Media Trades Higher Despite Massive Dilution In EPS

And at this moment of time, Amedia is trading higher at 27 sen.



Well, if the private placement is going to dilute earnings per share so badly and effectively lowering Amedia's fair value price, why is it going up?

Well, on Bursa website: AMEDIA-Announcement.PDF

Now according to the announcement:



The Placement Shares will be issued based on a discount, if any, of not more than ten percent (10%) to the five (5)-day volume weighted average price (“VWAP”) of AMEDIA Shares immediately preceding the price-fixing date , to be determined by the Board after obtaining all the relevant approvals for the Proposed Private Placement.

Errr.. go figure.