Just ignore the dude man.. I've been looking at this forum since I got mine 0.08, he's been yapping since then till now (0.5+). Haven't sold my position yet because I do believe in investing in the right direction rather than hoping from tables to tables gambling.. Summarising the entire thing hwgb is one of many which tried to penetrate to the health care industry and finally bearded fruit with its authorizations and contract with pm care with his supplies. Again I've mentioned this earlier that there's no way the directors would pump in so much money in the company in trying times if they do not have something concrete.
Looking forward to rm1 good luck guys

@kata 888 yes it's true that its net asset is 0.07 with a premium of 125 is probably to reward those who held before this as an apology or to regain their previous holders confidence for what's to come. I may not know what's gonna be coming but the assurance is that they are injecting alot for something. Nobody would purchase food if they don't intend to eat it, what more they are paying hell alot more for its actual price

There must be a procedure to see how much they could collect. Once it's enough the next news would probably be their direction to calm the investors down. No business man in the right sense would put in money just for the sake of seeing the public suffer while they themselves are paying a premium currently to acquire their controlling interest back.
But I personally feel the GO came out slightly out of their plan while the first two announcement (authorization to distribute testing kits and shen zhen pharmaceutical) came first.
They could easily just pay a premium then at roughly 45 (80 to 125) rather then incurring so much more in their PL whereby the stock are trading at 230. So maybe something is put of their control.
But that may also indicate that if they are willing to puy such a high premium from ytd to today may also indicate that there is a larger plan behind. Nobody would pump in money for losses and seeing this chat room ppl panic.

Relax. Capital injection by the directors is a good thing. They finally realised its time to turn to the company around. Think as an investor point of view, the drop is probably good to flush out speculators.

Back to fundamentals. Can the acquiror have enough cash to kneel before the markets ask price?
The financials of the group (cash position) may not be sufficient to pull the entire thing through because they r assuming their offering at 125 and I don't think they will acquire up to 90% to make this a MGO. They would probably just buy sufficient share holdings to remodify the company similar to Amanda krishnans case, better manage it dividend payouts and overall company BS and PL and to put it out to public again with better prospects.
I don't think we should panic because they r just acquiring just enough to improve the company, not completely offering ppl at 125 which does not give any upside to anybody including themselves