QR Loss was expected from the moment when EN disposed of his shares privately off market at 0.358. The buyer still stands to gain at current market price of 0.370. No big deal

EN is facing margin calls for sure. He is required to off load some of his shareholdings .Perhaps privately to his nominees at the bargain price off market. The duo are laughing now as they can continue to accumulate shares at depressed price to increase their shareholdings directly or indirectly

It is very tempting to average with the hope of rebound in your fantasy. Your averaging is larger than your loss in the end, facing the same fate as those averaging in SD.....

I doubt the company will be bailed out by the present Government considering the effort to reduce hefty national debts , concerted effort to combatting corruption and efforts to alleviate the financial stress of B40 etc ....

One fellow said the impairment was a " non- cash " item. If your inventory incurred and paid for is worth nothing at the end of the day, the impairment is as good as " cash forgone" . Loss of cash is loss of assets of the company representing actual loss to the company. The built up reserve has been hugely walloped by the enormous current loss.

your averaging is larger than your loss. Do not make the same mistake as SD ( Serba D ) . you are asking for trouble

Whats the problem now?
I thought the special audit on the " irregularity" has been called off by the incumbent and the EGM is postponed due to injunction pending legal outcome.

Every thing now is in the limbo. Share price continues to be nosedived......

Yer.dnex is next in line of the misfortune and or mis- management

No KJ, No bail out. PN17 is imminent and will be downgraded to Private Ltd like the defunct MAS

This co has long been spoonfed by Government of the past for a clear agenda...you know I know and my dog knows also.

I thought the co is engaged in monopoly biz, for sure to make money? Basically, its an Ali Baba biz,buying low and selling high to Government, ripping off the Government financial resources and burdening the people unnecessarily.

Once it has preached 0.40 level, it is expected to plummet to abyss

EN has disposed of shares below the market value off market. Obviously, he dare not sell open market which would depress the share price further. May be he pledged his shares privately for the money used to buy more cheap at open market. The private buyer could be his nominee.

NG and parties have disposed significant shares recently which has sent a clear signal to the market that the QR is expected to be bad. It will plunge to below 0.40 level.....

This is exactly what the duo want . They will accumulate more at cheap and depressed price while the incumbent is releasing due to margin calls pressure. The incumbent is losing grip fast and furious.................

The Duo 's shareholdings have been increasing directly or indirectly but NG and parties' shareholdings are diminishing gradually. It is clear who is beginning to win the war.

So far ,only EN and parties are disposing shares for fear of margin calls...

joyvest

If EN doesn't sell shares ,there would be margin call for him.very soon,his shareholding would be diminished and the duo are expected to return to take control.

Share price continues to be expected to be depressed to force EN to sell shares...

Technical analysis is objective and guiding principles which are keys to sound judgement.

good analysis...

By the way, do you think any other technological company in China would like to JV with you when the bad side of you has been widespread in the whole Industries in China? Once you are a company of no Integrity and principle to abide by the Agreement, you are doomed to failure. I bet they are regretting like hell now...

When your JV Partner has seen the true colour of you even before kicking in , they have already lost faith in you and the best way for them is to kiss and say goodbye forever......

when your JV partner has played foul, do you think it is wise for you to continue with this trading relationship any more despite it has been settled out of court ? Thats why i say silterra is in dire straits now.....

Semi conductor venture is in the limbo now in view of the current break up with its JV partner while PING biz is not in line with its strategy.

In short, Dnex is in dire straits now ..

Dnex has already settled out of court with its investing partner. Now that their trading relationship has turned sour.it is likely that silterra is dead and Dnex is seeking for another partner to continue with the said venture.

It is said that the Ping biz doesn't really fit in the strategy of the Group in the long run.Thats why they are contemplating to sell.

It is learnt that dnex is planning to dispose of all its shareholding in Ping and re-focus on semi- conductor biz with the proceeds upon disposal of ping.

RIP like serba D ?

My method is of objectivity,attentiveness and firm judgement. It works well with me.

Spot on. Those who were chickened out earlier are expected to return to support again. In fact,these panicky lots were said to be overreacting...

The agenda is pretty clear ie to buy shares cheap from running chicken heads out of panic from the deliberate release of news which can be rectified later.

Many investors have lost faith in this company.Initially,it was bright and favourable but it is losing grips from the way it goes to be ditched by investors in the end .

The company is fine but the Mgt need to be fine tuned
to be coherent in common otherwise it is going no where.

Your miss is larger than your loss and joy. Clients come and go is a commonplace during the course of the business. What is fundamental is the capacities of the company which are still in tact and productive.The mgt has identified a few potential clients who are expected to close the deals pretty soon.

Furthermore,the recent budget is conducive to the capital market liquidity .Hence , the market is expected to react positively in coming weeks...

You have missed the fun. The sudden dive was not due to board tussle but some chicken heads running amok out of panic.

Oversold position .LU is expected next week

what the hell is going on ? who has caused it to cascade ?? is it that bugger?

The whole episode seemed to be a circus of show with agenda where the shares were accumulated at depressed price following the lawsuit and disposed of at rebound price following the settlement out of court.

You seem to be fooled

Frozen seafoods is readily and easily imported and exported unlike import and export of fresh and live seafoods which require stringent packings and timely delivery. Frozen food is a trend now.

Payment Gateway biz seems to be saturated. The duo must have thought beyond the box to increase the revenue and growth by venturing into real property developments and management. There is nothing's wrong to diversify as there have been many successful stories of other PLCs venturing into real property development and management of which their core businesses are not . If well managed, group revenue could be multiplied and ballooned to the benefit of the shareholders as a whole.

The above is just a dream of the duo.....Whether it is realised or not remains to be seen. Meanwhile , the loggerhead is ongoing...

When a crane and a clam are fighting , then an old fisherman would benefit from them i.e to kill two birds with one stone

Hopefully, when the duo are in loggerhead with EN, we ,as investors, would gain profit from them...

Revenue is down and probably the only way to bring it up is to venture into real property developments and management as proposed by Brian( defunct director now ) with the blessing from Dino ( major shareholders with 20%+++by now) .

I am not too sure if Brain is serious about it or just proposed the above with an agenda to depress the share price. Whatever it may be , he is taking everyone for a bumpy ride until his proposal is approved in the upcoming EGM and/or BOD for change of object clause.

Your mention of purchase of shares " off market" is not workable in hostile situation. Furthermore,the sellers would sell even at higher price than the market since they know you are desperate to increase your shareholding directly,which would cost you even more.

There is nothing 's wrong for nominees to buy open market to capitalise on the depressed price provided they don't foul the permitted laws and regulations.

It is a matter of the willing parties to buy the shares at the price put up by the seller.The seller never compels the buyer to buy.it is an open market transaction on a transparent basis.

Whether the duo sold more than they bought back is out of the question.Nominees can buy back on their behalf.

0 seconds ago

There is nothing's wrong to sell high and buy back the share. In this manner, you can even increase your shareholding as you are buying back cheap. Shareholding is transparent in PLC. No matter how it is collected, it will be known eventually. The leaking or revelation of the insider information through the " Employee" is self made on purpose to discredit the incumbent Mgt. It is believed the insider information is released from the Pandora's box (es) taken away on " that particular day" .

In the meantime, the duo are free from any wrongdoings from the action of MACC ie released immediately without being charged. Free duo now and the duo are free now. Thats why the Market has reacted positively.

Good for every one if the share price spikes......

Gathered from the latest developments, current circumstances and current reaction of the market, it is pretty obvious that Dino and party are at the upper hand. They can continue to use the revelation of the insider news through the " Employee" from outside unlike EN from within.


What is fearsome is not Dino but his massive supporters and followers who can swamp in to acquire the shares in a bid to support him. This is exactly the same as George Soros who attacked RM decades ago with his formidable gangs of followers from all over the world to bring down Malaysia to the knees ending RM3.80 to 1 USD. Until now, Malaysia still can not recover from this nightmare.

To my observation, the reaction of the Market is positive following the consolidation of Dino's shareholding and the challenge of the duo on the validity of the BOD's decision to suspend their executive duties and the injunction successfully obtained by the duo to stop the conduct of EGM with the agenda to remove the duo.

The above moves are widely receptive to the spectrum of shareholders who are returning to support the Company as seen in the recent surge. On this basis, Dino seems to be gaining supports and is expected to return to top management in style while the EN and the gang are retreating like losers.

There are three musketeers ie founders of Revenue . Who is the largest shareholder now ? Who keeps on consolidating shareholding now ? who keeps disposing like nobody business now ? Dino is reported to have more than 20% shares by now and EN is reported to have less than 10% . Who is considered to be more positive and passionate towards the growth and sustainability of the Company?

In the end, the one who has lost confidence in the Company will be chucked out of BOD . Guess who ? It is the incumbent one of course.

Eddit having only 8++% is losing out. He used to have about 20% shares in the past but has been selling including margin calls to be sliced to 8++ % if not lower. Dino has held more than double of EN's Shareholdings which has sent a clear signal to the Market that Dino has utmost faith and confidence in the Company and can helm the Company to the right direction.

It is believed that the majority of shareholders will flavour Dino as the only founder who has faith in the Company by holding the most significant shareholding unlike Eddit. The way it goes, Dino will not give up easily and will ensure to secure the chairmanship in addition to directorship.