This is a gigantic cockroach trap. If you enter it, you will need Superman to drag you out. The bait is just too tempting. If you have the lifespan of Aquaman, maybe it is worth the wait.

I guess all the warrants will most likely go to zero eventually as more rounds of new shares via private placement or ESOS cannot be ruled out. So it is prudent to just get back whatever money you can by selling all your warrants now and if you still have faith in the company's future , you should just buy the ordinary shares with the proceeds.

The stock has been dropping for a while and I guess most of the investors are losing money now. Need more patience perhaps.

interesting, May I know how you know about RSS and PDTs short selling in this counter ? What is the cumulative shorts now ? Thank you for your guidance.

This has to be one of the most promising companies in the KLSE for the next few years. Most of the crude oil deposits in Malaysia are located in Sarawak and now that Sarawak has mostly taken back its mineral rights from Petronas, it could mean huge business potential for local Sarawakian oil servicing companies instead of West Malaysian Malay owned companies. The local Sarawakian people finally has their own opportunities to benefit from their local resources. No wonder the MD came back on board last year. I just don't understand why its share price has been dropping to this low level. Few believers yet, perhaps.

At this valuation, is there any pride left ?.

could it go back to RM1 again this year ?

thanks for the explanation.

Why on one propose a resolution at every agm to have the company wind up and distribute the proceeds so that the full value of the NAV is fully realized?. Any legal obstacles to propose such a shareholder resolution at agm ?

with such a big discount to NAV, why no shareholders or groups of shareholders ask to wind up the company and distribute the proceeds of NAV back to them ?.It just required a shareholders meeting to do so. Why are they still holding on for so many years and still sitting around doing nothing hoping for what ?. Ignorance ?. Or just plain indifference ?. If they are really interested to get the full NAV instead of the much lower market price now, they can't wait for others to do the work for them ?

still overvalued like all the other tech stock. have some way to go before it is fairly valued.

just hope they will not do another pp again.

more sellers than buyers perhaps ?.

what if they do another PP after the expiry of the current PP ?.

Might as well since IGBB is worth more dead than alive. It will cut short the agony of the long suffering minorities.

Hopefully IGB Bhd will wake up in 2022.