That announcement meant Mlab is facing problems to meet immediate quarterly revenue based on existing business structure. That is not acquisition of the RM1 Edition Assets and it was purely registered a shell company. No effect at all and shameful to Mlab directors to make such an embarrassing news after all these disastrous performace months.

Nothing to shout about since not even near to the right issue price of 0.15 and how silly even to be told it was a trap....if come to 0.25-0.30 maybe you can consider a trap, otherwise it's a self correction since NETX and FINTEC bought mlab at 0.15 with free WB. If we are trap and stupid, then how you best describe FINTEC and NETX Board of Directors?

Don't touch it if not >0.12 as it's not even worth to consider at all....

Asiabao now changed its trading name to FINTEC....

By right the shareholders of Asiabio and NETX should questions their Management why they purchase Mlab shares at such radiculous price with free warrant....motive and strategy behind? To me, a dumb deal and dumb head!

Wallstreet101, why still penny stock? Nothing can be done if the top management don't removed and unless a new buyer take over mlab. Otherwise, don't touch it or you will regret for life!

Wallstreet101, good order book? A disgrace to all investors!

Look at what they did to their new shareholders' Asiabio and NETX bought at 0.15 and even their own staff thru ESOS at 0.075, they push it down to 0.065.....what type of Management is that with such unethical characters.

Don't fall into trap as this counter is not worth your investment. Once it push up from 0.08 aND slowly to 0.10, they will make sure to push it down to 0.07. This counter is a very unprofessional and unethical to invest and not worth your effort at all.

Even own employees also got cheated and con into buying the 100,000,000 shares offered at RM0.073 on 27/11/17. What will happen to the staff if shares can be bought at 0.07, 0.065 or even 0.06? They better off to quit the company then letting his boss to shit on them!

Preparing for a show hand time! Not surprise if opening price is <0.105....
Dump if you can, otherwise you will lose much more if delisting is on the card! Good luck to all on Monday!

Are you mentally OK, Crazy? I suggest you have it check otherwise you will come out "Future RM8!" So don't talk nonsense and you should be glad if can overcome 0.08 as I am looking at 0.07 now! Your family or friends must be worrying of you!

Bring it on.....can't wait any further.....would be nice I can have my hands on 0.07.....that would be very cool.....

Don't be optimistic of the qtr result and surely it won't look promising....it will only move south due to speculationso....

Small fish don't suffer the way sharks are suffering now....

Actually we should congrats to Sharks for holding it or pushing it down to lower as we are the one who benefit from this situation. The longer the Sharks drag the more suffers they are! They also will eventually got cash flow problems or opportunities lose to invest into other counters....be my guess to drag it as long as you want!

Beware....0.115 or 0.12 might be hitting soon....

Will invest only if exciting news coming....

Limitless, in your dream! Hehe

Do expect a bad QR report next week and things are looking more positive now after removing all the non performance directors....cheers

Robbie was a liability to MQ as he drawn high salary and day dreaming in the office. He has done nothing in 6 months during his tenure. Hopeless guy and the guy who recommended him should be sack too!

Couldn't agreed with you more, trademan! Worst IPO performance of the recent years and shames to Tan Sri Liew and Quek!

I believe it will stay around 0.04-0.05 for awhile ......it's really not easy to move up to 0.055 as nothing has improved since the new management taken over for months now....

Nothing to be alarm of as no room or not much left for syndicates to play around with the share price.

Its better to have the worst quarterly report out this month as it got nothing to do with the new BODs' that just came on board. As for the share price tomorrow, the most can be downsizing to 0.03-0,035, otherwise will remain in the range 0.04-0.045 for awhile until the new management get the company into the right track. How fast the share price can move uptrend, that depend if they are result oriented or not!

@Jeff10 well define statements. :-)

@loser3313.......If I were the bankers, I just wait and buy from these two jokers when dumping start again.....you know maths well?

@loser3313 The banker will convert mqtech-wa

Tell us why banker want to convert WA to mother shares? Share us your thought on how the banker can make money on this conversion exercise ......can you please enlightening us ar?

My gut feeling the best is 0.045 otherwise 0.04 as the 2 monkeys are still holding large quantities shares....

Dumping start today with magic nos ending with 100 and 900.....once its done then at least we can breath a bit better. Let's see what happen these few days..........

Business is back to normal and 0.045 & 0.05 should be a history soon for a near term. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5319465

when a company don't bother or take the initiative to buy back its shares to support its confident, that already well says the shares are worthless. You decide......the directors must have known something must be really wrong...... :-)

Do not invest into a 100% public shares shareholders held as MQ management themselves do not foresee any potential otherwise they could have buy it since the price now is so low and attractive from the open market. That's tell all how good can it be if you are a smart investor!

MQ is still playing a hardball game! Everyone knows Teh and Goh has resigned and no longer a substantial shareholders, but who bought over?

Hold your horses as of now! To get a clear view of MQ future potential, why not wait till MQ make the announcement to Bursa as per who are the new substantial shareholders, otherwise it's consider public shareholders shareholding. Be patient, we don't have any clues who are the investors buying the shares that Teh and Goh dump by millions!

As long as Teh is still in MQ, "Market is concerned the executive director Teh Eng Huat integrity which is being sued for breach of contract and misused of public funds may jeopardize MQ Technology Bhd credibility. Teh was formerly a director and CEO of Zoomic Technology (m) Sdn Bhd (ZTSB), a company he sold to Ire-Tex Corporation Bhd and have since booked losses according to public fillings.

On 6 November 2015, Bursa Malaysia announced that Teh Eng Huat and his related party acting in concert Khoo Hun Sniah was sued for breach of contract and defaulted on profit guarantee to public listed company Ire-Tex Corporation Bhd, according to Writ of Summons and Statement of Claim by Ire-Tex against Teh Eng Huat (First Defendant) and Khoo Hun Sniah (Second Defendant) in the High Court of Malaya at Penang (Civil Suit No.: 22NCVC-166-10/2015)."

As long as Teh is still in MQ, "Market is concerned the executive director Teh Eng Huat integrity which is being sued for breach of contract and misused of public funds may jeopardize MQ Technology Bhd credibility. Teh was formerly a director and CEO of Zoomic Technology (m) Sdn Bhd (ZTSB), a company he sold to Ire-Tex Corporation Bhd and have since booked losses according to public fillings.

On 6 November 2015, Bursa Malaysia announced that Teh Eng Huat and his related party acting in concert Khoo Hun Sniah was sued for breach of contract and defaulted on profit guarantee to public listed company Ire-Tex Corporation Bhd, according to Writ of Summons and Statement of Claim by Ire-Tex against Teh Eng Huat (First Defendant) and Khoo Hun Sniah (Second Defendant) in the High Court of Malaya at Penang (Civil Suit No.: 22NCVC-166-10/2015)."

Awaiting for another shares dumping ahead as rumor suggested chaos among the management team now.....Teh and Goh are still holding substantial MQ shares.

The appointed chairman just a small fry! Just look at his leadership in Inix trading 0.085 and SM Track 0.04, so don't expect too much from him to create an impact to MQ. Just wonder why MQ is so dumb, speechless!

Nope. If Mr Anuar is a well known person in bursa and you can see huge buying mother shares and WA but worse than before his appointment as Chairman. So no big deal!

The new chairman is not a force to be reckoned with as he wasn't a well known personality in Malaysia. I don't see MQ is worth to invest in a short to near term.... it's wiser to keep your cash or invest into other companies with less risk.....MQ is a hopeless counter!

Look at the stock performance Inix and SM Track, both were like a dead trap with no activities. Now he helm MQ, all I can say is all the best to all MQ retail investors. I won't even consider to buy in at all!

you are lucky if you still can get 0.045!

@ Calvin, i noticed that OTB and many others don't like your stocks pick selection and I fully agreed. Somehow I do agreed with you on Zelan as I said it before, it's good to buy on weakness as this opportunity don't come by everyday. I strongly believe in Zelan for year 2017, it will surprise many fund managers on its share price moving aggressively upward trending now..... I like this black horse stock because the worst could be finally over for Zelan, at least for now and the near term.
13/01/2017 22:14

What a baby.......:-)

No more dumping as I said in the few days as the showtime has over now. You are lucky if you still can get 0.04-0.045 while it lasts!

Hold your breath tomorrow after what has happened on Dec 14.....anybody guess!

For more info on this heart breaking news.... http://m.malaysiakini.com/news/368790

For more info on this news... http://m.malaysiakini.com/news/368790

FGV delisting will result in RM7.8b losses, claims Rafizi
Zikri Kamarulzaman
10 Jan 2017, PM 4:01 (Updated 10 Jan 2017, PM 6:21)