Nx week technical rebound 40-45cts. Can sell first. At least losses not so painful.

I have to put my pic. Someone referred me as Mr Jermyn. Hahaha

I agree with Uncle Lim. Nx wk technical rebound. Its long overdue.

Nik Ahmad....I like yr comments. We need more intelectual comments like yrs. What you said really make sense. Then we can make our own decisions whether to buy/sell/hold rather than following the IBs blindly.
TQ Nik Ahmad.

The EGM may have to be delayed and postponed to a later date in order for them to push up the price to an attractive level.
Just my 2 cts. thot.

The CEO has made a disastrous move. He didn't expect this to happen at all. He thought everything would be smooth sailing the moment he announced the RI. He must be banging his head to the wall now. More so if he pledged his shares to the banks as collateral for loans. He must be having sleepless nights thinking how to get out of this mess.
Now he has two possible options.
1. Call off the RI exercise and find other avenue to get funding. If he still proceeds, MACC might step in. Why is PNB still subscribing the RI when they can buy lower in the open market. Is there hanky panky going on?
2. Push the share price back up to a comfortable level to make the RI more attractive and favourable to the shareholders so that they won't have to screw him up at the EGM.
He has to settle this fiasco he created fast because time is running out.
As far as i'm concerned, option 2 looks promising.

People are clearing their positions in view of the extended hols. Or maybe some bad news that we don't know?

Today bloodbath everywhere.

Hibiscus back to its price before. Myeg also.

Whoever chased myeg and hibiscus also die la today. Everything down today. Bad news maybe.

Thats the game they are playing here.

They want to wring us dry right down to our last drop of blood. We will sell all right down to our underwear. Then they push up and make us frustrated.

no margin call today?

Sharks also trapped at 60 cts. They have to push up to get rid of their positions.

dusana.....thats why i said, the CEO is holding the shareholders at ransom here.

If they still want to proceed with the 30 cts RI, they have no choice but to make the share price attractive and create value to allure the shareholders to take up the RI.
Common sense.

That is exactly my point. Why proceed with the RI when it is not beneficial to the shareholders? The CEO is holding all the shareholders at ransom here. He should quit.

Is it discounted price if it goes to 30 cts? That is my argument

Pls read the last line!

Defining a Rights Issue
A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. More specifically, this type of issue gives existing shareholders securities called "rights," which, well, give the shareholders the right to purchase new shares at a discount to the market price on a stated future date. The company is giving shareholders a chance to increase their exposure to the stock at a discount price.

Pmaster: Jermyn , yes b4 the RI , 0.60 you can buy , once RI is place 0.30 , all change 100% , now even 0.35 consider cannot buy.
30/08/2018 10:15

Just because of the RI announcement all the valuation done before this goes down the drain? My goodness where is their credibility?

Languishing at this price for 3 days already.

Agree with you richman. They don't call you richman for nothing. Hahaha

Pmaster :Jwrmyn , the price now cosider is over price.
30/08/2018 09:58

Last Friday, people said 60 cts was dirt cheap, why is 34.5 cts now suddenly becomes expensive?

Even Armada rebounded.

At least they will play before the EGM

Sharks also want to make money maa..

Bought 34.5 cts
See how it goes

Thats the reason why i took my chances and bought at 34.5 cts, 35 cts and 36 cts. Hope i'm right.

I feel that if the price stays at 30 cts during EGM, the RI will be called off and aborted. If not, the CEO will look very stupid indeed.

It will not go to 30 cts. Lowest possible is 33 cts. Will soon go back to above 40 cts to make the RI attractive before the EGM. If not, the CEO will get screwed and grilled by the shareholders at the EGM. It is unthinkable that if the price is below 30 cts during the EGM and he is trying to get us to approve the RI at 30 cts. Doesn't make logical sense at all. If PNB still proceed with the plan, PNB will be the dumbest of all institutions in Msia. It will be the talk of the nation.

The CEO is a con man. He made contradicting statements. Interesting to see what is going to happen at the EGM later on. Wonder what he is going to do if approval is not given for the RI to go through by the shareholders.

Less talk, take action!
lets see where it goes.

People are really scared stiff after the slaughtering. How to recover? Just look in despair and frustration?

2cts up is still not a rebound
i expect can still move higher above 40 cts

Bought 36 cts
see how it goes

Rookie....should rebound today!

Rookie.....Just my gut feeling.

Bought 34.5 cts
see how it goes

People expect tomorrow down again because T4,
but tomorrow rebound.

closing at 35 cts

Calling for EGM and getting shareholders approval may take two months, executing the RI may take another month. Ex-date and conversion to new price may take another month. All in all, everything done by year end.

RI 30 + 15 Conversion = 45 cts
That should be the price before ex-date
Still got about 10 cts from now.

No Merdeka cheer?

Not much, just nibbling.
I feel its already ripe for a rebound.

Bought 35 cts
see how it goes

Hope by Thursday there will be a Merdeka Miracle for all of us here.

Gusen......as i said before, the CEO should try other options. Its not the end of the world!

Agree with you BursaGolfer, it won't fall down forever. What goes down must come up.

Still no light at the end of the tunnel.