Creative way to raise funds.


Where there are suckers, "wallstreet will develop a product for them to get them involved".

This article highlights how these penny stock companies use the same strategy to raise funds.

More interesting, the companies are somewhat related through common shareholders.

For those who were bitten by a snake, they should understandly be cautious of snakes."

Why did you buy this stock in the first place?

First time I heard of DK. :-)

The person with the most impressive portfolio to date is still Philip. Philip is right to remain critical of calvin too.

calvin is a guy with small feet who likes to tell everyone how big his feet and shoes are. His faithful lieutenant is beholdened to calvin for complicated reasons.

Let us observe and learn of their dishonest posts to benefit our investing.

CNY is near. Blessings to all who have been true and honest to themselves and to uthose who encounter them.

>>>>

Mikecyc Haha con artist callvin n conman raider ran away in shame ke ...
04/02/2021 8:50 PM

>>>>>


:-) :-)

calvin's medical doctor son can learn from his dad's actions in Netx from Nov 2019 to Jan 2021 and absorbs a lot of education on stock investing in this thread.

https://klse.i3investor.com/blogs/gloveharicut/2021-01-28-story-h1540212671-GLOVEs_Investors_Assemble_Game_Stop_the_GLOVEs.jsp


GLOVEs Investors Assemble. Game Stop the GLOVEs.



--

bentan000, 12:22 AM
This is what the post says: If you really want the short squeeze to succeed, you have to understand a few things: 1) This is not a one-day battle. Wasting all your bullets tomorrow will not necessarily help. In order for the short squeeze to happen, the increase in share price should happen AND remain at high level for at least a few days (a week or longer at a minimum). 2) In order for it to work, you need to focus on one stock only. The best idea is to focus on the stock of Top Glove, because the short position on Top Glove's stock is the closest to the regulated short selling maximum limit of 4% imposed by Bursa Malaysia. The current net short position is at 3% of Top Glove's stock, so the short seller has only about 80 million to 85 million more shares they can short sell (this is provided they can find a willing lender of the shares). 3) The short seller is already experiencing a big loss, because they shorted shares at a very low price. Their current losses are estimated at between RM150 million and RM200 million. Every 1 cent of increase in the share price of Top Glove costs them between RM2 million and RM3 million in extra losses. If the price of Top Glove increases by 1 ringgit tomorrow for example, the short seller will be at RM200 million to RM300 million of extra losses. This is unrealised loss, that is why you need to hold the shares for at least a week until the loss gets realised when the short seller will start buying back the previously shorted shares. I am not endorsing you to do this. I am just explaining how it could work, if you want it to work.

>>>>>

pBlue Short sellers need to buy back 239 million shares. Their break even price is around RM5.69.

It means shorties are already in pain.... they have been shorting the last few days in the hope to bring down the price... but the lowest it went was RM6.14... settling mostly on RM6.20

Now we are back to RM6.6x.

All we need is to hold. Don't sell cheap. And short seller will have to start buying 239 million TG shares to cover their position... and they will be desperate to buy to limit their losses which can be unlimited. And they cannot hold forever, as they are paying interest on the shares they borrowed.

While TG will be paying dividends every quarter (4 times a year) and 70% of their profit... which has been rising every quarter...


Finally TS.Lim will not be selling because he need the shares to control him company.

And EPF, and KWAP won't be selling much because they need their shares for dividend payments (because realistically no other sector is paying much in dividend no matter what their share prices say)

So really... short sellers only have us to buy their share from to cover their short position.

So stay on target and hold the line.
29/01/2021 12:41 PM


>>>>>>

Insightful

>>>>>

Posted by Gtrade > Jan 29, 2021 11:47 AM | Report Abuse

Dear 3I, you can borrow shares not only from EPF,can also borrow from stock brokers, can even use secretly use margin accounts shares if the syndicate wants. Pls tell the local syndicate dont try to fool retailers to be Gamestop mania, pls go home learn from Blackroack before you even dream of making TOPglove the "gamestop" in BUrsa

>>>>>>




Gamestop was shorted to the extent of 140%.

Many months ago, this was noticed and a group started to buy the shares at low prices. They believe this Gamestop was worth a lot more.

As for the fundamentals, as usual, we have two views. The bears who shorted believe this business is gone. They will be closing more stores especially those in the malls. There are those who disagreed. They hold the opposite views. Lower costs and closure of unprofitable stores led to a profitable last quarter and also attracted a big wealthy supporter.

The hedge funds that shorted have only themselves to blame. They were too greedy. For the first time, through social media canvassing, those having the stocks were persuaded not to sell and the buying continues to push up the price of GameStop. Don't forget, there are also big players and big boys holding GameStop shares too.

The shorters were caught in the squeeze and face UNLIMITED LOSSES if the price keeps going skyward. Buying back to cover their sh2ort positions also led to the parabolic rise in the share price of hort squeeze GameStop.

The final episode is yet to be played out. If the rules remain untempered and unchanged ( an rightly so too), this short squeeze position will see the collapse and even bankruptcy of a few hedge funds.

Beware too, the whole market may also be destabilized by this whole event too.

This week is going to be interesting indeed. Some valuable lessons to all. Always do your own homework and analysis. Do not believe the investing reports of the IB unquestionably.

>>>

Posted by bsstradeer > Jan 29, 2021 11:13 AM | Report Abuse

@Gtrade - Topglove total Share is 8200m share, no wrong. But the RSS volume borrow from EPF is only 4% of the total 8200million. Currently only left around 1% short selling share available to short sell.....that is around roughly 650 million worth of share. So that is not too much to hold.

If you dont know anything, dont cincai spread false information here. Go back and study for few years first la....from what u talk, looks like u are really newbies..

>>>>>


Agree. Unlikely to be caught in a short squeeze situation.

However, GameStop has awaken the small investors on how the big money are not all infallible.

GameStop play in US is timely. The big boys have played the market with an uneven advantage to them. Now, hopefully they will be careful and prudent too.

JPMorgan's target price for TG of RM 3.00 is only to serve their own interest. Do your own analysis and valuation.

GameStop play in US is timely. The big boys have played the market with an uneven advantage to them. Now, hopefully they will be careful and prudent too.

JPMorgan's target price for TG of RM 3.00 is only to serve their own interest. Do your own analysis and valuation.

>>>>>>

Posted by OTB > Jan 29, 2021 10:31 AM | Report Abuse

JPM shorting Topglov in big quantity is not a fair game for all retailed investors.
Retailed investors do not have big fund like JPM to counter.
Hence we should support Topglov even the share price cannot go up.
I buy because I will give morale support.
I do not mind to lose some money because I can afford to lose it.
Thank you.

>>>>>>



<<<<<
I buy because I will give morale support.
I do not mind to lose some money because I can afford to lose it.
Thank you.
>>>>>>


Unbelievable.


When I buy, it will not be for the above incredible reasons. At a certain price, there is value.

Ignore the valuations of JPMorgan. They are conflicted. Always do your own analysis and valuation.

https://klse.i3investor.com/servlets/cube/blog/calvintaneng.jsp


calvintaneng
From Singapore
Investing experience Advanced
Risk profile Low

Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 29/01/2021. Please refer to the Terms and Conditions of Use and Community Standards of this portal.



Comment:

Calvin of Singapore fame.

Suffers from verbal diarrhoea but a loser often.

>>>>>

Shootup Guys, do u remember how hot ppl throng this forum with followers of calvin, one year ago???

Now where r calvin n all these fanatics???

I oredi warned calvin n all at that time, netx promoters would lose tii their pants drop... and this forum would resume quiet

I dont know how many believed shootup that time

My voice for netx 2021: as long as calvin wants to profit big, the owner wont push up netx, untill the day after calvin dispose his shares

Good luck n invest fundamentally
24/01/2021 10:17 AM

>>>>>>



calvin is a conman. It was obvious.

Papeeplane Agree with your post whole-heartedly.

>>>>>>

Mikecyc calvintaneng
calvintaneng
From Singapore Investing experience Advanced Risk profile Low
Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 29/01/2021. Please refer to the Terms and Conditions of Use and Community Standards of this portal.
Basic Info
User Id calvintaneng
First name
Last name
12/01/2021 4:18 PM

>>>>>>>>



Thank you i3 admin.

Should probably have imposed similar ban when so many posts in this thread were deleted last year. All the deleted posts clearly warned on the poor fundamentals of Netx and highlighted the risks of the carefree self-perpetuated greed of the promoters.

There are many valuable lessons here.

calvintaneng
calvintaneng
From Singapore Investing experience Advanced Risk profile Low
Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 29/01/2021. Please refer to the Terms and Conditions of Use and Community Standards of this portal.
Basic Info
User Id calvintaneng
First name
Last name




Thank you Admin of i3.

The 2 jokers of 2020: conman calvin and dishonest raider provided many valuable lessons for newbies on how not to make money in the stock market.

When the tides rolled out, you can see clearly those who have been stripped naked in Netx.

https://www.cbsnews.com/news/nitrile-glove-shortage-covid-19-vaccine-60-minutes-2020-12-06/

In a November report to Congressional committees, the U.S. Government Accountability Office affirmed Mangia and Tighe's concerns about a shortage of gloves. The report found the national stockpile of gloves dropped from 16.9 million in December 2019 to 2 million in October 2020.


The glove shortage comes as Operation Warp Speed, the national effort to provide a COVID-19 vaccine to every American, is preparing to distribute 600 million doses should the Food and Drug Administration authorize emergency use.

In addition to the vaccine, the federal government said it will provide healthcare workers administering the vaccine with an ancillary supply kit that includes needles, syringes, alcohol prep pads, surgical masks and face shields. The kit does not include medical gloves.

A representative for Operation Warp Speed did not respond to several inquiries from 60 Minutes Overtime about why gloves are not included in the ancillary kit.

ASP of gloves is not going anywhere but up still.

The inventories for gloves in US were low and the recent rage of Covid and rolling out of vaccination have caused the usage of gloves to go up tremendously. Due to supply constraints, efforts are in place to stretxh the usage of gloves.

BDI rose ... calvin recommended Maybulk
Oil price rebounded ... calvin recommended O&G counters
ECERD project launched ... calvin recommende many counters with lands along the route
NFCP project launched ... calvin recommended Netx
CPO price rose .... calvin recommended planyation stocks.


What a mad-hatter indeed?

Push the price of TG upwards unrelentless and forced the shorties to rush for cover.

Those who shorted the glove stocks last Monday saw their profits diminished and threatened, unless they bought at the lowest prices last week.

US announced measures to conserve on the usage of gloves. The 3 months supply in stock of glove maybe depleted much too fast as the pandemic rages on.

The 2 jokers of 2020: conman calvin and dishonest raider provided many valuable lessons for newbies on how not to make money in the stock market.

When the tides rolled out, you can see clearly those who have been stripped naked in Netx.

It's only when the tide goes out that you discover who's been swimming naked.

Warren Buffett



The most valuable lessons in 2020 for everyone are available in this thread from the day conman calvin spoke to Penelope of Netx to now. Learn these well and profit from follies.

Good morning and a Happy and Healthy New Year 2021 to all.

stockraider is perpetually lying.

It's only when the tide goes out that you discover who's been swimming naked.

Warren Buffett



The most valuable lessons in 2020 for everyone are available in this thread from the day conman calvin spoke to Penelope of Netx to now. Learn these well and profit from follies.

Good morning and a Happy and Healthy New Year 2021 to all.

It's only when the tide goes out that you discover who's been swimming naked.

Warren Buffett

Year to date, the share price of Netx lost 65%.

Many lost their pants in Netx last year.

Happy New Year.

https://assets.theedgemarkets.com/pictures/20201230_small_cap.jpg

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-09-25-story226691-NETX_HAS_A_70_30_FIGHTING_CHANCE_TO_SURVIVE_AND_DO_WELL_IN_THE_DIGITAL_ECONOMY_Calvin_Tan_Research.jsp



Pity those who followed conman calvin.

There are so many lessons to be learned from this conman's post of Sept 2019.

What a conman indeed!!!

Fragmented shareholding

While Fintec Global seems to be a prominent company at the centre of the maze, its shareholding is fragmented, with several blocks of shares parked under Sanston Financial Group Ltd. In several of the 21 companies on the list, Sanston Financial is present in the shareholding list. Other companies that surface as shareholders in these list of companies include Global Prime Partners Ltd and Cita Realiti Sdn Bhd, a private company wholly-owned by one Kamarudin Khalil. Other shareholders, albeit usually holding small stakes, among the 21 companies include Datuk Jacky Pang Chow Huat — who, apart from a 11.84% stake in Sanichi Technology Bhd — has small stakes in DGB Asia Bhd, Focus Dynamics, MNC Wireless Bhd and Xidelang. Pang is also a director in Sanichi Technology.

Meanwhile, businessman Mak Siew Wei has 23.4% in AT Systemization, 17.07% in Green Ocean Corp Bhd and small stakes in Focus Dynamics and Xidelang. He is also a director at AT Systemization, Green Ocean and Saudee Group Bhd. Datuk Eddie Chai Woon Chet recently acquired a 62.37% stake in restaurant operator Oversea Enterprise Bhd, and has a 6.71% shareholding in Anzo Holdings Bhd, where he is managing director and has a board position in M3Technologies (Asia). Another name frequently seen is Datuk Kua Khai Shyuan, who, besides a 5.9% stake in mTouche Technology, has small shareholdings in Focus Dynamics, PDZ Holdings Bhd and Sanichi Technology, and has board seats on Trive Property Bhd, DGB Asia and MNC Wireless. Former Umno treasurer and former Bank Simpanan Nasional Bhd chairman Datuk Abdul Azim Mohd Zabidi surfaces as a director in four of the companies — Fintec Global, DGB Asia, Anzo and XOX.

Most of the companies are loss-making and small in terms of market capitalisation, with the exception of Focus Dynamics, which has a market value exceeding RM5 billion.

However, research by The Edge (see chart on the 21 companies) indicates that while other businessmen have surfaced, the individual said to be in control of the group of companies is not officially onboard or present as a shareholder. “This [his not surfacing] could be due to several issues,” another source adds.

It is also telling that nine of the 21 companies mentioned —
AT Systemization Bhd,
MLabs Systems Bhd,
Focus Dynamics Group Bhd,
mTouche Technology Bhd,
Fintec Global Bhd,
XOX Bhd,
M3Technologies (Asia) Bhd and
NetX Holdings Bhd

— have their principal place of business, head office, business office or corporate office in Menara Lien Hoe, near Tropicana Golf Country Resort in Petaling Jaya.

On its website, Lambo Group Bhd states that its address is at Menara Lien Hoe, even though the address in its annual report is in Old Klang Road in Kuala Lumpur.

In 2006, Lien Hoe Corp Bhd sold Lien Hoe Tower Sdn Bhd, which owns Menara Lien Hoe, to privately held E-Globalfocus Sdn Bhd for RM1 and the assumption of RM43 million in debts. Meanwhile, E-Globalfocus was 68%-controlled by Cubes Innovative Sdn Bhd, a company 99%-controlled by Chuah Hock Soon.

Chuah and businessman Datuk Kenneth Vun @ Vun Yun Lun were charged with four others in July 2014 for allegedly manipulating DVM Technology Bhd shares in March 2006.

Vun has had several issues with the Securities Commission Malaysia and, in 2009, had to restitute RM2.496 million — being the amount of company funds that he had caused to be misused for his personal benefit, according to the regulator — to his then flagship FTEC Resources Bhd. Since FTEC — which morphed into Tecasia Bhd and later Mangotone Bhd — was delisted,

Vun has had little direct presence in the market. However, Vun’s two sisters, Carol Vun On Nei and Grace Vun Siaw Nei, hold stakes of 3.64% and 0.67% respectively in Xidelang Holdings Ltd.

Last Friday, DGB Asia Bhd, INIX Technologies Holdings Bhd and SMTrack Bhd announced the resignation of Jamal, Amin & Partners as their auditor on the same day.

Fintec Global's external auditor resigns amid 'resources constraint' | The Edge Markets
https://www.theedgemarkets.com/article/fintec-globals-external-auditor-resigns-amid-resources-constraint

http://myinvestingnotes.blogspot.com/2020/10/hidden-hands-behind-penny-stock-surge.html?m=0

KEEP IT SIMPLE AND SAFE (KISS)
Successful investing is not magic, just keep things simple and maybe follow few investing and money rules of thumb and you’ll be fine in the long run.

>>>>>
Posted by Sunshine > Dec 16, 2020 4:39 PM | Report Abuse

@ccheemd, missed one point. FDA skipped animal testing prior To Vaccine approval. This means, while we have a vaccine that saves human, it harms animals, and may lead to deadlier mutated virus... Lets hope this dont happen..

These whole pendemic episodes remind me so much of the prologue in the movie of I am Legend...

>>>>>>


Not sure of the above. Please provide a link to this fact.

Very true. Don't lose your money betting into lousy company like NetX.

The Covid pandemic has roared again. Partly due to the winter in the Northern Hemisphere. During this cold and wet season, pandemic influenza and pandemic Covid re-emerge.

The vaccines have been researched, manufactured and marketed at rapid speed. Efficacy of the few report vaccines is very high 90% or so. The number of mild symptomatic cases given the vaccine were reduced by 90% compared to those not given the vaccine.

Many questions remain to be answered: Does giving the vaccine prevent asymptomatic Covid infection? Does giving the vaccine prevents the infected from infecting other people, i.e., prevents spread of the disease? Does giving the vaccine prevents severe Covid infection and death? These answers will not be forthcoming from the existing trials. Now that the vaccines have been approved for emergency fast use, conducting trials to answer these questions will be extremely difficult, if not impossible.

Thus, many countries have put in place voluntary reporting by those who are receiving or have been vaccinated with the new vaccines. With post-marketing surveillance, the big data may offer some answers which may not be detected in a trial of tens of thousands of people.

These trials have all reported efficacy and safety data for the 2 months of the trial. The 6 months data will be reported later. Therefore, to-date the companies conducting these trials with their vaccines have shared that the safety of these vaccines are acceptable. What maybe acceptable maybe interpreted variously by each person. Take note, the safety issues are up to 2 months of the trial. Ideally, 6 months or more maybe more comforting. According to many experts, you need about 6 months of study to know the long term safety profile of the vaccine, especially with regards to disease of the immune system or immune incompatibility.

Of particular concern, the m-RNA vaccines of Pfizer and Moderna are based on new technology, especially so since they will be used in a huge population. Even though the scientists and experts may express confidence in the vaccine, the truth is no one knows for sure. Only time will inform us. Therefore, for many, whether to accept the vaccine is a personal choice, based on their assessment of the efficacy, side effects, their personal risk of getting the disease and the benefit they perceive from the vaccination.

Vaccination will hopefully reduce the incidence of Covid infections. It is unlikely to eradicate this totally from the face of the earth. At most, it will bring this down to a manageable level. Vaccinating the most vulnerable also means reducing the number of deaths from Covid. Going forward, we will still be living in a changed wortld - post-Covid world. Observing social distancing, practise hand washing and selective wearing of mask in high risk situations will be the norm for at least the next 3 to 4 years. The use of gloves and PPE will remain high for a few years to come even when vaccines have been around for a year or two.

The Covid pandemic has roared again. Partly due to the winter in the Northern Hemisphere. During this cold and wet season, pandemic influenza and pandemic Covid re-emerge.

The vaccines have been researched, manufactured and marketed at rapid speed. Efficacy of the few report vaccines is very high 90% or so. The number of mild symptomatic cases given the vaccine were reduced by 90% compared to those not given the vaccine.

Many questions remain to be answered: Does giving the vaccine prevent asymptomatic Covid infection? Does giving the vaccine prevents the infected from infecting other people, i.e., prevents spread of the disease? Does giving the vaccine prevents severe Covid infection and death? These answers will not be forthcoming from the existing trials. Now that the vaccines have been approved for emergency fast use, conducting trials to answer these questions will be extremely difficult, if not impossible.

Thus, many countries have put in place voluntary reporting by those who are receiving or have been vaccinated with the new vaccines. With post-marketing surveillance, the big data may offer some answers which may not be detected in a trial of tens of thousands of people.

These trials have all reported efficacy and safety data for the 2 months of the trial. The 6 months data will be reported later. Therefore, to-date the companies conducting these trials with their vaccines have shared that the safety of these vaccines are acceptable. What maybe acceptable maybe interpreted variously by each person. Take note, the safety issues are up to 2 months of the trial. Ideally, 6 months or more maybe more comforting. According to many experts, you need about 6 months of study to know the long term safety profile of the vaccine, especially with regards to disease of the immune system or immune incompatibility.

Of particular concern, the m-RNA vaccines of Pfizer and Moderna are based on new technology, especially so since they will be used in a huge population. Even though the scientists and experts may express confidence in the vaccine, the truth is no one knows for sure. Only time will inform us. Therefore, for many, whether to accept the vaccine is a personal choice, based on their assessment of the efficacy, side effects, their personal risk of getting the disease and the benefit they perceive from the vaccination.

Vaccination will hopefully reduce the incidence of Covid infections. It is unlikely to eradicate this totally from the face of the earth. At most, it will bring this down to a manageable level. Vaccinating the most vulnerable also means reducing the number of deaths from Covid. Going forward, we will still be living in a changed wortld - post-Covid world. Observing social distancing, practise hand washing and selective wearing of mask in high risk situations will be the norm for at least the next 3 to 4 years. The use of gloves and PPE will remain high for a few years to come even when vaccines have been around for a year or two.

A fool and his money soon parted.

calvin sold 10 houses to invest into NetX.

What resulted over the subsequent 12 months?

The end of December is near.

calvin has lost big time in NetX.

So much for his prowess in his investing.

Hope his doctor son learns a great lesson from his dad

Many are thankful to learn from calvin's mistakes.

Today is the 14th of December. This Covid filled year will soon be over. Hopefully and most probably, next year will be a better year.

Well, as for calvin. Poor chap, he is stark naked when the tides flowed out of NetX. Pride prevented him from keeping quiet and he continued to brag he put in more money into NetX, digging himself a bigger hole instead.

Hope his doctor son learned a valuable lesson here. I too learned a lot from calvin's mistakes too.

WoW

Already made 100% from its recent low.

Watch out. The recent Covid cases among foreign workers highlighted the severe housing needs of this sector and MYEG is well placed to benefit from this.

Hilarious

Uncle calvin still naked in Netx.

How does announcing a bonus issue increases intrinsic value of PBB? However, lovely to see its price up by 8% post-announcement.

Vaccination of the first patient done in UK today. No gloves worn by the nurse who gave the injection.