Below are some very good questions by 1 Forumer asked in i3investor which I might be aware of if Fintec announcement can provide some answers and would like to share.

@Forumer1: From 3 cents to 2 cents and now 1 cent still you call for buy. Your (not BLee, but good statement) hope analysis seems more powerful than FA & TA.

1) you (not BLee, but good statement) only think it can't go further down because it is already 0.010 and the lowest it can go is 0.005. from 0.010 to 0.005, do you know your losses is 50%? seems this kind of losses is ok with you (not BLee, but a good statement).

BLee: Good point. The other way round, from 0.005 to 0.010 is 100%..2 sides of a coin.

@Forumer1: 2) if consolidation were to happen, how many stocks you (not BLee, but good statement) see going north rather than going south?

BLee: 'If' is something in the future, 2 sides of a coin.

@Forumer1: 3) Out of 5.7bllion shares, did you (not BLee) even check how many top 30 shareholder is holding? Is it easy to push up?

BLee: A question of the value of investing, is it worth 1sen or 8.72sen as per latest NTA? 2 sides of a coin.

@Forumer1: 4) How many share the BOD is holding? Why so little? No confident or purely for goreng?

BLee: Your guess is as good as mine. 2 sides of a coin.

@Forumer1: 5) 1 year since last year for you (not BLee) to notice how BOD only interested to goreng share instead of doing genuine business, yet you (not BLee) still get blinded and think the company got good business?

BLee: Fintec already answer to Bursa query dated 23 April 2021, the link: https://www.klsescreener.com/v2/announcements/view/3347657

"The Company’s principal activity is in investment of both quoted and unquoted securities. As such, pursuant to the ACE Market LR and Capital Market and Services Act 2007 (“CMSA 2007”), the Company is mandated to hold shares in other public listed companies. FINTEC only owns stakes in these companies which does not entitle FINTEC to exercise control over the management and affairs of these companies.

 Furthermore, the trading of marketable securities is part of the Company’s ordinary course of business." meaning…"goreng or investment"?

@Forumer1: 6) the BOD sell KOMARK, SAUDEE & VSOLAR when the price low instead of KOMARK at 40 cents post bonus issue, SAUDEE at RM 1, VSOLAR at 4 cents. When price up don't want to sell but after don't support, then sell? BOD so panlai do business. Go and check what price FINTEC invest in all 3 companies and how much losses it book after selling all 3.

BLee: Fintec already answer in announcement in link: https://www.klsescreener.com/v2/announcements/view/3406129

https://www.klsescreener.com/v2/announcements/view/3392889

There is no hiding, all announced...

@Forumer1: 7) Keep moping FOCUS share at 50 - 60 cents plus and now 4 - 5 cents didn't continue buy. So clever the BOD. Cheap don't buy but expensive buy. Why don't sell it around 50 - 60 cents and buy back now? Is BOD supporting the price for someone to off load and after offload don't support the price and let it free fall to current price? Sitting at how much paper loss for FOCUS?

BLee: Your guess is as good as mine. I have written an article, link: https://klse.i3investor.com/blogs/BLee_AGES/2021-09-05-story-h1570726405-Focus_Dynamic_last_7_days_collection.jsp

how Fintec acquired Focus D until almost to the point of triggering a General Offer.

Fintec did purchase  282,700,000 Shares collected within 10 days,  collection stopped around 6 Sept. 2021?? Major collection, most probably patiently at 4 to 5.5 sen only!!

Collected at 50 - 60sen? This is NOT reflected in the announcement of Investment cost/book value/market value as the ratio will show a tremendous drop which is NOT the case. Link:

8 Dec. 2021

https://www.klsescreener.com/v2/announcements/view/3471429

14 Oct. 2021

https://www.klsescreener.com/v2/announcements/view/3440951

7 Sept. 2021

https://www.klsescreener.com/v2/announcements/view/3421501

13 July 2021

https://www.klsescreener.com/v2/announcements/view/3392889

28 April 2021 https://www.klsescreener.com/v2/announcements/view/3351087

1 March 2021

https://www.klsescreener.com/v2/announcements/view/3316785

Table No.1: Summary of stocks trading from March to December 2021

-The trends vs market conditions?

-Cost is almost the same as book value and market value after Focus D price fall, paper gain/loss back to holding cost. NOT 50-60sen as speculated.

-This tabulation can roughly predict next QR profit/loss?

@Forumer1: 8) Keep issuing PP, SIS even the price at 1 - 1.5 cents. If the BOD really take care of the company, at current low price with high cash in hand, why still want to issue more shares to get cash? is it to the good of the company or got other agenda?

BLee: I am speechless. Please see my article at link: 

https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h1592921506-Fintec_I_am_speechless.jsp

I am with most Forumers campaign against 'unfair' form of fundraising..

@Forumer1: 9) Go into glove business when already so many company into this business. BOD no idea what business to go to or don't care and simply come out with a business to please shareholder. Now glove already on down trend but fintec glove factory not even ready.

BLee: I am speechless. Please see link:

https://www.klsescreener.com/v2/announcements/view/3407375

for usage of RI cash timeline. It is untrue that RI and PP funds are used to purchase other counters. This announcement PDF also provides a lot of details of stocks investment, highly recommended to read through to make any comments.

Table No.2: Usage of Fund Raising $

- As at 12 August 2021, there is $ still available, NOT used to buy penny stocks as speculated.

@Forumer1: 10) getting pasukhas and now get AEM multi to build factory. Why not get an establish company to build but get related company which don't have experience in building glove factory at all? both company is 2 - 3 cents company.

BLee: No comments as there are no right or wrong..

@Forumer1: 11) MOU with ROBAYU CORPORATION SP. Z O.O. for selling glove. go and google this company what business it do? is it a shell company with no business but can got contract to sell glove? sell to who?

BLee: No comments as there are no right or wrong..

@Forumer1: 12) Why buy SEACERA when the company is under PN17 and under multiple litigation? What so special in SEACERA that no one know but BOD so panlai think is a gem?

BLee: I can only conclude on value investing as SEACERA NTA of 117sen vs price of 18sen, almost 6 times.

SEACERA is under PRACTICE NOTE 17 / GUIDANCE NOTE 3, just needs to REGULARISE THE FINANCIAL CONDITION OF THE COMPANY by extension of time up to 25 April 2022.

@Forumer1: 13) Have you check all subsidiary under FINTEC how many share holder holding > 5% aside from FINTEC itself? how many BOD holding majority share in it.

BLee: Lately, a lot of accumulation of stocks of few sens by penny stocks which is cash rich. It will be an interesting market condition to be observed when overall bulls start charging again??

Note: Old conversation below.

BLee: Hi @Forumer1, hope you have a very good trading day. Very good question from you which I am aware of all this while. I have written an article, link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-12-15-story-h1595602760-Fintec_The_two_sides_of_a_coin.jsp

might be able to answer some of your questions.

I will give a chance for our bro @Forumer2 to give his version of response. Since all your questions are very elaborate, if I find the time, I might write an article with proper reference for sharing purposes only. TQ

Happy trading and TradeAtYourOwnRisk

Sources: i3investor, klsescreener and other internet surfing.

Happy trading and TradeAtYourOwnRisk.

Disclaimer: The above opinion does not represent a buy, hold or sell recommendation; just a personal opinion and for sharing purposes only. Any offences and errors are unintentional; my apology in advance.