The story is like this. Supermx is proposing to privatize Spolymr. Some genius comes out with a complex formula for the exchange of Spolymr shares into Supermx + some cash.
The whole deal values Spolymr at RM1.10 where it is assume that Supermx is valued at RM2.50.Supermx gives a buy signal a few days ago. Looks like it got the potential to break the previous high of 2.58. Unfortunately, Spolymr is not moving much (yet?). Why? I don't know. Anyhow, Spolymr also gives a buy signal now.
This is like a warrant play, for every 1 cents increase in Supermx, Spolymr should increase proportionally. The idea is to ride on the bullishness of Supermx. But must sell before the whole deal is complete. If not, one will end up with odd lots of Supermx.
That is why I added another position on Spolymr. I hope that this play will work out.