mostly fake volumes , i think, what the fatt ?! 😅

Velesto Energy is poised to stage a bullish breakout while testing the immediate resistance. We observe that the stock has been consolidating sideways beneath the MY0.265 resistance. If it climbs above the immediate resistance, this will confirm that the consolidation phase is over and the resumption of the upside movement. In this case, the stock will climb towards the next resistance pegged at MYR0.29, followed by MYR0.31. Towards the downside, falling below the MYR0.24 support will nullify this expectation and set off a correction phase.

Source: RHB Securities Research - 30 Oct 2023

"Should there be any amount recovered will be an income to the Group."
In reliance of the preliminary findings of Virdos Lima Consultancy (M) Sdn Bhd, the
former board of directors of the Company had on 26 August 2022 caused the Company
and Caely-M to commence an action at the Ipoh High Court to recover the sum of
RM30,552,000.00 (“Ipoh Suit”).


Meaning if the company can win the case against those former board members / directors, they can declare income of ard RM30 mils plus ??

1. The findings from the investigation report by Virdos Lima Consultancy (M) Sdn Bhd
Reply
The investigation report by Virdos Lima Consultancy (M) Sdn Bhd reveals that there are
irregularities concerning Caely-M’s transactions with certain parties comprising of a series
of questionable transactions, potential concealment of financial interests, and conflicting
relationships, which undermined the transparency and credibility of the Company’s
financial disclosure.
As the matter is currently pending litigation before the Court, the Company is unable to
disclose the findings in detail.
2. The operational and financial impact arising from the investigation report.
Reply
There are no operational and financial impacts arising from the investigation report.
3. The impact of the findings from the investigation report on the financial statements.
Reply
The amount due from relevant parties highlighted in the investigation report has been
fully impaired in the financial statements of the Group in prior financial years. Should
there be any amount recovered will be an income to the Group.
4. Steps taken or proposed to be taken to address the findings from the investigation
report, and timeline for the implementation.
Reply
In reliance of the preliminary findings of Virdos Lima Consultancy (M) Sdn Bhd, the
former board of directors of the Company had on 26 August 2022 caused the Company
and Caely-M to commence an action at the Ipoh High Court to recover the sum of
RM30,552,000.00 (“Ipoh Suit”). It was the preliminary findings of Virdos Lima
Consultancy (M) Sdn Bhd that the said sum was misappropriated from Caely-M.
On 29 August 2022, the former board of directors were replaced by the new board of
directors. Upon reviewing the matter, it was clear that non-related parties were named
in the Ipoh Suit. As such, the new board of directors decided to withdraw the Ipoh Suit
and directed a fresh legal action against the proper parties be commenced for the
recovery of the misappropriated fund as per the preliminary findings of Virdos Lima
Consultancy (M) Sdn Bhd to protect the Company’s interest.
On 19 October 2022, the Company and Caely-M had initiated legal action against 12
individuals which include former directors, chief executive officers and/or chief financial
officers of the Company and Caely-M.
The Company has since then made it a priority for Virdos Lima Consultancy (M) Sdn Bhd
to finalise and complete their investigation report as soon as possible due to the reasons
above taking into account that the Ipoh Suit was first commenced based on their
preliminary findings alone.
The suit is currently fixed for case management and hearing of the interlocutory
applications on 8 December 2023.
Based on the Company’s lawyer’s advice, the investigation report will be submitted to the
High Court as evidence to advance the Company’s and Caely-M’s case.
This announcement is dated 25 October 2023

Instead of "shooting to the star", this counter more like sleeping with " twinkle twinkle little star " 🤣🤣

According to the latest Q report, Classita is the defendant and sued by some major shareholders regarding the rights issue, the company won the case in high court then the shareholders appealed, yesterday they withdrew the case.... meaning Classita no need to worry about the suit from the major sharehoders d !!
Few months ago they also settled another case with those major shareholders ....and won the case !
Looks like court proceedings are mostly in favour of the company !! 👍

meaning 👆 no more court proceeding ?? should be good news ?

CLASSITA HOLDINGS BERHAD ("CLASSITA" OR "THE COMPANY") - KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO. WA-24NCC-136-03/2023

Reference is made to the Company’s announcements dated 13 March 2023, 21 March 2023, 22 March 2023, 23 March 2023, 28 March 2023, 8 May 2023, 15 June 2023 and 14 July 2023. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the said announcements.


The Board of Directors of Classita wishes to announce that the Plaintiffs have withdrawn the appeal lodged to the Court of Appeal on 6 October 2023.


This announcement is dated 10 October 2023.

M group is back in action !! 🤣

EPF still have 454 millions share on hand to dump !!

Judging by the volume dumped by EPF Can queue at 1.50 !

30 cts coming soon !!

Looks like MCA sapu-ing non stop liao !! Huat AH !!!

EPF & the gangs keep dumping everyday, how to go up ?? need them to stop first !!

Got stuck with this "Very Slow" for ages & now want to cry also no tears !!! 😭😭

very slow again.... haiz 😴

If price touch 0.30 , most Fatt king stool pick analysts will raise up TP to 40cts

https://www.klsescreener.com/v2/news/view/1204305

TA up TP to 0.33 !!
Huat liao lah !!!

https://www.youtube.com/watch?v=JAb_PI9yjaA at "5:20"
technical analysis by a Chinese speaking youtuber ... if you understand chinese then watch it , if not ,
translation :-
basically he thinks "very-slow" has a great chance to PECUT liao !!!!

Tong sold but MCA support ma .....

Yes ! Go go go .... Go to sleep !! 🤣

Oil price Up Up UP ..... most oil & gas counter Up Up UP .....
BUT BUT BUT ...... "Very Slow" continue to SLEEP the Fatt out of it !!!! 😅😅

good news, latest top foreign net buys list show foreigner sapu-ing "very-slow" and listed no.17 top buy !!

Sell 2 mils at 0.25 = RM500k, need so much on holiday kah ?? 😅

Hope for the best ! No more false dawn !! 🙏

Only hard core fan Macgyver11's TP = 0.30 !! 😂

Kenanga's TP = 0.19
TA's TP = 0.22
CGS-CIMB's TP = 0.25

........ 😅

Just checked most analysts' calls upon their quarter reports ... so far ALL call for fatt-king SELL !!!! (TP 0.19 to 0.24)
BIMB (last call TP=0.30) Where the fatt are you ?? 😭😭

See you next Q ( 3 months later ) ..... 😴😴

jia lat liao !! 😭😭

If can deliver 1 cents profit per quarter then everybody here will fly like AAX liao !!!

result sure green .... the fatt-king multi billion question is how huge or how tiny the profit will be ?
If one quarter only profit 0.0000001 cent , I bet the price will go limit down starigh away !!!! 😁

after QR release .... crash down !! based on past 2 quarter expereinces !! 😅

break 0.245 first lah .... can't break this for 3 months already .........😫

next AAX coming .... (hopeful since 2020) 😭😭

Good news coming lai !!! UP UP UP !!!
Next AXX coming >>>>>>>>>>>>>>>>>>>

… with high volume some more ! Jia lat !
QR report no good ??

The more you argue , the more the price drop !! 😭

Very Slow again !! haiz 😴

days before they announce next quarterly report (estimate 30-8), the share price will surely SHOOT UP, by that time should run already as after annoucement price will drop back ... experience from past 2 quarters !! 😱

Felix888
Please write the facts why you think Velesto is the next Serbak?

I didn't write with fact, I wrote out of frustration !! 😫

If Velesto is to explode this month, I will write with euphoria !! (next AAX etc ) 😂

Velesto will be the next serba ??

Lai liao lai Liao !!!
goreng goreng mari liao !! 😂

Velesto Energy Bhd (VELESTO, 5243)

• Share price closed unchanged at RM0.23 on Tuesday.

• VELESTO was hovering within RM0.215 to RM0.245 range with selling pressure seen for the past 1 month. Higher low support has formed at RM0.225. Coupled with indicators showing uptick momentum, share price is expected to propel higher.

• Resistance levels are identified at RM0.245 (R1) and RM0.255 (R2).

• On the flipside, support levels are pegged at RM0.225 (S1) and RM0.22 (S2).

false dawn ! 😭

HLB & BIMB normally give higher TP = 25-30 cts !!

I think TP 30ct can be reached by this month !

This Fart-king stu-pick kenanga soh hai .... last year when velesto down to 0.08 cts , they called for sell !!
listen to them then you will sure RIP !!!

By July Lai liao !!! Hopefully !!! Lol

Need to wait until 2030 baru Lai liao ! Lol

Wawasan 2030 ?! lol