shine7 There is no guarantee that Permaju price won't drop below 0.25 as anything is possible. Share price can go up as well as come down. The news of Permaju involvement in glove business with Anzo isn't great at all for me because for me Anzo is not trustworthy and their recent announcement of Purchase Agreement of a glove manufacturing factory (that had ceased production n closed down more than 2 years ago) is very suspicious in nature. One can see from the lack of informations on how Anzo has replied to the 2 queries by SC. The same goes for Anzo's deal in the scrap copper business. A lot of naive n stupid investors (oppsss i should not address them as investors as these ppl are just traders/speculators) got themselves burnt n losing money badly by jumping n buying into a few companies that made announcements to be involved in gloves business. For me i would prefer Permaju not to be associated with Anzo in any business or jv at all.

It will be worth every penny to convert ICPS to mother share if the mother share stays at current price. If you have 50 lots ICPS from your entitlement and you subscribe all by paying RM2, 500, you get 5 lots of free warrants in return. Your investment will be safe even if the mother share price drops to 0.25. What puzzled me is why the current holders of preference share rights (pr) sold them at 0.005 n queuing to sell at 0.01 when the mother share is at between 0.305 n 0.325? Does this mean the mother share price will drop lower than 0.25 by the time you convert your ICPS into mother share n when this mother share is deposited into your account? Something to ponder about!

Sad that some investors don't even use their common sense

Hahaha

I can't believe there are so many naive investors! No wonder ppl still get cheated by Macau scam despite constant warnings n reminders. The main reason is because these ppl don't hv common sense at all.

Again, the reply by Anzo to Bursa's 2nd query was rubbish.

alex woo & signn
Fully agree with both of you.

Time will tell, soon.

moneyfind Permaju rights issues exercise is not the same as Vsolar. Vsolar RI involves mother share n adjusted on ex-date. Permaju RI does not involve mother share, so won't be price adjustment on ex-date.

deskfyong That is fake news.

The corpses are slowly surfacing.....

Drinking coffee and enjoying my prawn mee

Victor Yong This company no more in oil n gas business. The O & G Division has been closed after Petronas terminated and withdraw its license.

DON'T TOUCH THIS COUNTER. YOU ALL HAVE NO IDEA HOW SERIOUS ARE THE PROBLEMS FACED BY ITS ASSOCIATED COMPANY BNS FOR LCS PROJECT. CREDITORS WILL START SUING FOR DEBTS OWED! TRUST ME BECAUSE I KNOW AND I CAN'T DISCLOSE ANY INFORMATION HERE.

HandsomeGain Sorry, i never touch this counter. Monkey business company. Those who hate my comments can condemn me, i don't mind. Time will tell.

Rakuten88 Top Glove has 700 production lines producing 78.7 billion gloves per year. That is 112.5 million pieces per year for 1 production line or 9.4 million pieces per month. 9 production lines can only produce a max of 84.6 million pieces per month. Anzo claims it can produce 100 millions gloves per month with 9 production lines. Use common sense pls.

Arjuna60 Yes, with 700 production lines. So, 9 production lines can only produce a max of 84.6 million pieces per month.

I am glad that Bursa has came up with detailed n specific queries for the intended acquisition of the assets. This showed that Bursa is itself very suspicious about Anzo conduct. Most of the answers given by Anzo are rubbish. How can the purchase price being determined at RM55 million when Anzo has yet to conduct a market valuation on these assets to be purchased? Why there isn't any profit guarantee provided by the Seller? It is IMPOSSIBLE for 9 production lines to produce 100 million of gloves per month. Not even Top Glove can achieve that quantity. Really hope Bursa will suspend this counter and carry out an investigation to protect investors.

Agjl. Thanks. I have not sell any. Will keep as i hv faith in GP.

Hahaha.....

BostonMaxwell I LOVE LOVE YOU

BostonMaxwell I LOVE YOU

About Posco International Corp
Posco International Corporation operates as a general trading company. The Company exports and imports steel, cement, crude oil, heavy machinery, automobile parts, and textiles. Posco International also manufactures synthetic fabrics for footwear, garments, and car seats.

Since when POSCO involves in trading copper or copper scrap?

Fundamental123 The copper scrap Supply Agreement with CSTME is another suspicious deal. To supply scrap copper at fixed price RM23,000 per metric tonne for a period of 40 months. Where on earth do scrap metal dealers do business at a fixed price for long periods? Hopefully Bursa will step in to suspend this counter n initiate an investigation.

Degil88 I rather be stupid n don't lose money than clever n regret later. I also wish you good luck.

Kinvestshare. I agree fully with you.

nicholas99 Only time will tell. Meantime I wish you good luck.

drobertp40 Also Anzo's replies to Bursa's queries on copper scrap Supply Agreement with CSTME was very unprofessional and lack of basic accurate informations. For info, Bursa is suspicious with these 2 announcements and is closely monitoring the price movement of this counter.

Anzo claims this glove company will be able to produce 100 millions gloves per month.
Lets do some simple calculations.
Top Glove produces 78.7 billion gloves per year with 700 production lines. That is 112.5 million pieces per year for 1 production line or 9.4 million pieces per month per production line.
Anzo new glove company has 9 production lines, which can produce a total max approximately 84.6 million pieces per month (assuming this new company has the same efficiency and productivity as Top Glove).
Can't anyone see Anzo is bluffing?

VenFx I strongly agree with you that this counter should be avoided.
For those that think this purchase is good i suggest you pay a visit to the factory. You will be disappointed when you are there to see it yourself.

Looks like most people here are excited and happy when Anzo announced this purchase. I can't believe the purchase price is RM55 million when i read the announcement. This is ridiculous because RM55 million is way too expensive and at inflated price. I hv been to that factory. Why would the present owner willing to sell if glove business is so good now? Because Anzo offers a price the present owner cannot resist. Is there any profit guarantee by the seller? Avoid this counter or you will regret! Trust me.

Non-stop talking talking n talking. Drinking my 100 Plus and waiting with patience. I believe in GP, so no need to worry.
BostonMaxwell Thank you.

No need to talk talk talk so much. Let its share price do the talking. U talk so much also useless because u are not the one that can dictate the share price.

BostonMaxwell hopefully will stable at this price. Feeling great to be stupid.

BostonMaxwell Done another 50 lots at 0.50

stevenckheng I don't think can get at 0.45

Bought another 50 lots at 0.505

Hahaha....... when GP share went up, most people here said this company very good but when this counter drops, the same people said this company lousy. Very funny.

Bought another 100 lots at 0.255 this morning.

JediMaster You are right. 5 ICPS into 1 mother share. Only conversion price for warrant not yet determined. I apologise for my mistake.

yeochingu means
200k ordinary shares, convert your 1m ICPS to 200k shares
total 400k shares, you got 100k Free Warrant
right..

WRONG BECAUSE THE CONVERSION RATIO HASN'T BEEN DETERMINED.

JediMaster Who say 5 ICPS can be converted into 1 mother share?

yeochingu If you have 200 lots you are entitled to purchase 1,000 lots of ICPS at 0.05 each. Say you pay 50k to take up all the 1,000 lots ICPS, then you get 100 lots free warrant. Now you have:
1. 200 lots of mother share
2. 1,000 lots of ICPS
3. 100 lots of warrant

Hopefully can get 100 lots at 0.53 on next Monday.

Akukakijudi Like that punya ka? Saya baru tahu. So these people will say buy buy buy when the share goes up and sell sell sell when the share drops. Their comments will follow the direction movements of the share.

TradingAC Waiting at 0.53. Will be happy if can get.

Looks like most people here talking cork only. When GP share went up, you all said this company very good. When GP share dropped, the same people said GP is a lousy company. Don't treat this GP as a casino. I don't own any share in GP but i believe this company has future. I am tempted to buy now just because so many here are so pessimistic about this company.

Waiting patiently.

mushroom. I will cut loss all if it breaks 0.24.

Daily8 ok. Then i will wait and see. Maybe enter again at 0.26 if drop some more.