Is Bursa Malaysia, willingly being used to legitimise money that has come into Revenue Group, that makes no economic sense?

NOW that Revenue Group Bhd has VIEW : publicly acknowledged that RM46.94 million has come into the company via converting the Revenue Group Bhd Warrants on a one for one basis at 75 sen per share, can anyone explain, why would anyone pay nearly 300 per cent more than the value of Revenue mother shares of 26 sen per share, to own the mother shares?

AT RM46.94 million, we are talking about 62.592 million warrants being converted into 62.59 million mother shares.

BUT do you know what can RM46.94 million buy you? Well based on Revenue Group Bhd's market capitalisation of RM141.64 million( share price 26 sen), you can buy 33 per cent of Revenue Group.

WHAT is mind boggling is all this warrant conversion that makes no economic sence were done supposedly by minority shareholders and all this transactions were done only after Francis Leong Seng Wui came into Revenue Group.

SO, Bursa Malaysia,  if you can't explain this transactions or get Francis Leong Seng Wui to explain it to you, I suggest you call the Income Tax Department to raid the Revenue Group office and other enforcement units to freeze the bank accounts of Revenue Group Bhd.