I've seen instances where one single bid can be refill infinitely although it got eaten up non-stop. That seems to be price suppressing when both shark and market maker not in sync.

lee_m2020 The price will go up .. it is not worth for bilis to sell for a tiny gain vs. waiting too long as long term investors. And bilis could be the majority....

Let's hope you are right that the price will move as the operator allow the price to move up 1 bid this morning.

If you notice, more than half of this morning's volume got eaten up during the 9am opening trade in just one single swoop. That could be one reason the price up move up 1 level, as the market makers did not expect this hence not able to refill the 0.015 bid fast enough.

This short bull is not enough to propel the price bid higher. Many are still stuck @ 0.015 for those who bought earlier or 0.020 for those who chase high today.

Since there is no catalyst to help push price, let's hope it is insider news or else most newbies will stay here for a long time along with the very old holders..

Also, try to search around for counters that have performed consolidation in the past months. You'll noticed that usually consolidation comes with another exercise like Rights Issue etc.

Klsefighterlim: We all know it will be a fact after bursa approves. But please try to play out the different scenarios in your mind. There is zero benefit to major shareholders if just consolidation alone. Hence there must be something else after that, even if the plan is to let the price waterfall.

Those with cost above 0.1x to 0.2x will incur very big % loss if sell now. There is almost no point to sell already, can ask Siva68 or slc1 who are long term holders here.

SLM3010 Do not throw your money into river.
Share consolidation will wipe out all your VIVOCOM shares.

Don't forget that major shareholder holdings are also reduced by 10 times. Imagine if you have 1 million ringgit worth of shares, and after consolidation the price keeps falling from 0.3 to 0.1, then your $1 million becomes $333k only. That is a very big wipe out for the shareholders and cronies.

Just want to point out that it is not as simple as you think, probably there will be more announcements after consolidation completes.

Dude, this kind of volume is for students with part time job to play only. One look at the chart for past months already know you are hard selling lor!

There's also the ongoing court case between Coneff and Vivocon:
https://hsfnotes.com/arbitration/2020/02/07/malaysian-high-court-considers-the-legal-test-for-obtaining-subpoenas-in-aid-of-arbitration/

Could be another potential key factor in the company's future.

If rights issue does happen later, then likely the game plan is confirmed. Be prepared to say goodbye to your money.

Also, expect an announcement soon for the utilization of $25 million RI proceeds as it's nearing the 24 months deadline since Aug 2018. Likely the money will be re-purposed from investment back to working capital (which will magically disappear and goes into directors' pocket money, what else).

Don't underestimate the power of public forums in the trading and business community, similar to how a simple facebook posting can impact a matter significantly. With this company's image already down the drain, it will take huge effort to return confidence back to public and trading community alike. Not to mention the financial institutions for any fund raising related matters.

The gang and cronies here are not supported by huge funds like in the current glove/healthcare crazy bull run, where it is well supported by sharks, traders, punters and retailers alike. Hence you see penny stocks related to the covid-19 can easily be pushed up without any consolidation/rights issue tactics whatsoever, just pure raw pump and dump.

Without such support, the cronies here have no choice but to resort to the slow and painful death strategy above.

If consolidation happens, all sharks and gang will also get hit. Hence prediction is that to make up for the 10 times reduction in shares, there may be bonus issue to recover back some of the shares. After that the gang will keep on buying as the price being pressed down non-stop, as they are well aware of the final game plan. Hence their holdings are back to normalized position again.

For non-gang and retailers, once the 10x reduction happens, even with subsequent bonus issue, the price will keep on dropping. Hence slowly their shares will turn into toilet paper and finally let go at huge loss.

Let's see if this prediction is accurate or not!

Cupcakes69 @sting79 If people start losing their savings once the rubber stock bubble crashes, I'm sure they'll take it out on Karex and its products. No real investor wants that.

Yeah understand the good intention, but no need so sarcastic lah..

Not forgetting that comparatively other related counter have risen much more than Karex, also at least there is no news here to simply goreng unlike so many penny out there with 'suspicious' MOU/JV/venture.

Cupcakes69, let's be more positive here to bring up the vibe since you are also one of the holder.
This is a mysterious and misunderstood counter, so the potential is unknown, putting the fundamentals aside.

Forget Trive for now, all sharks went to glove/healthcare related counters, once in a century bull run. I already knew few real person earning 6 digits from the recent bull run, being stuck here is not a good thing!

gnath_77: are you still here?

Yeah, quiet here. Was monitoring its price during the selldown just now. Karex is one of those that stay quite stable during the fall. I guess not having much liquidity is a good thing here.

Kongkalikong Maybank down.. Kongkalikong

Switch to other platform with lower rates, 0.42% is a daylight robbery.

Anyone here bought healthcare/glove related counters?
Vivocom still sleeping as usual, must be all sorts of sharks busy over there and the other sectors just watch from far with red eyes hahah..

Hope MA50 cross MA200 this week to form a Golden Cross. And with MACD turning bullish, technical shows that a bull may be released soon!

Liegelord: Sorry if you take my earlier reply as an attack, I apologize. It is never my intention to put it like that, only if you notice my sarcasm above. Once again apologies.

-MACD starts to turn positive
-Resistance breakout from 0.425 few days ago
-Today's candle did not touch below yesterday's low of 0.43
-Most of today's sold down is from smaller blocks/lots, hopeful indicator that the selldown is from smaller holders

lee_m2020 ARMADA, KNM, ICON, ALAM, HISBISCS, SCOMIES and BARAKAH start/already converging into Golden Cross.
Check yourself here: https://mindabursa.com/2020/07/22/golden-cross-on-ong-sector-related-c...
Fly very soon!!!!

Why is ChartNexus so different than this mindabursa (based on 22-July and few counters for comparison)? Really way off wor this website... better always cross check before simply take information for granted...

Liegelord: aiyoo stop the bull bear thing lahhhh.. If you are so free to post this nonsense, try spend some time once a day to go Vivocon office and see for yourself there. Sit in a coffee shop nearby, drink some coffee etc..

You'll have a better perspective once you get out to see things for yourself rather than be a keyboard warrior posting some nonsense!

Remember, the above game plan has 2 main objectives. It is to either siphon your money via RI, or to mentally force you to sell your holdings. Once enough are collected, move on to pump and dump. Else repeat cycle.

If that is really part of the game plan, then all the co and gang would be affected as well. Hence, likely there will be some kind of bonus issue to even out the ratio. And also the co and gang will increase their share holding slowly when the price waterfalls, knowing well that at the end game they will gain back all the invested $$$ plus profits.

JK22 No problem , many in here gone thru 0.30, 0.18, 0.13..... to 0.015. 0.01 just 0.005 lower . Small issue.

What if after consolidation, your share holding reduced by 10x. And the price went back to 0.035 months after that. It is something none of us has gone through in this counter.

Example of 1,000,000 share
Pre consolidation value is 1,000,000 x 0.035 = $35,000
Post consolidation value is 100,000 x 0.035 (after months of waterfall again) = $3,500
Effectively you are as good as dead here!

bbbbbb see volumn, if volumn so high, but price not move mean what?? wait and see lah....buy 0.03 very safe...

Yes, these kind of volume is HIGH hahah. Take a look at other counters first?

When you are too emotionally attached to a single stock, you'll miss out on the bigger picture and could be stuck here when things go south especially at such a 'famous' counter.

Got some info that the players here are hired by co and gang to create 'volume' when nearing the beginning of another round. Since there isn't much catalyst to push price up for a pump and dump (need specific sharks), the plan is a game of RI for company to earn your money. This is done by enticing buyer when some good news are announced after consolidation, then subsequently the price will be pressed down so many are forced to subscribe RI.

Hence the (same) sharks are hired only for 'volume' and not for pushing up. Take note guys

And where is Ilovehit2 from the 2017 days?
So much of in-depth analysis of Vivocon, yet all the prediction turns out to be wrong.

https://www.theedgemarkets.com/article/vivocom-terminates-rm24042m-contract-coneff

As usual, generic statements from Vivocon regarding the Coneff termination contract. Hopefully the ongoing case will bring out the truth.

https://hsfnotes.com/arbitration/2020/02/07/malaysian-high-court-considers-the-legal-test-for-obtaining-subpoenas-in-aid-of-arbitration/

Recent ongoing court case between Vivocon and Coneff back in the 2017 days.

The cycle above likely will take months to execute from now, just enjoy the ride guys!

Another round of game plan is here!

1. Consolidation to bring it back to reasonable price - it's harder or less room to play the game when price is near bottom rock now

2. Either one or more of the scenario below
-bonus issue/free warrants
-some positive corporate news
-some private placement
-consistent good qtr results

3. Rights issue

JK22 So much about selling and run. Who are those buying over 160 millions share at 0.035 ? Please continue sell and run

Sell at profit or cutloss at own comfort is ok. No right or wrong, else everyone is rich already.

So many stocks out there with even way bigger continuous buying volume, how to pick which one and sure win? Can give some tips?

zai3388: betul, itu plan untuk beli balik lepas jatuh kaw kaw, ataupun naik pun boleh.

Tinggal saja original capital sini, kasi dia buang dekat laut aje.

mmilk7: Yeah, just sold my RI portion to protect capital at profit first. The downside risk is way greater than the upside gain here.

Ang_Li_Hann sting79 and SLM3010 not same people? Why create lies?

Why come out after 1 year inactive? Afraid of the truth being told here? Hence simply say stuffs that threatens you?

Sorry to say sting79 and SLM3010 is not the same person.

silversurfer96: kindly imagine yourself buying ICON before consolidation and calculate the amount you need to fork out for its rights issue. Then you'll understand why it's a very risky action for the buyer.

And if you don't subscribe the RI that time, I think you'll not be here in this forum to chat.

Using consolidation to increase NA per share, what a tool.

When it drops back to super penny price after consolidation/RI, people would say this share is having a super big discount to its NA! But in fact it's because of past consolidation!!

When a share consolidation exercise does not benefit the minority shareholders, then it's just another financial trick or tool via the marketplace.

If company want to have honest good old way to push up the price, doing nothing but just consistently performing with good quarter results is already more than enough.

Best is many still believe the stock market is a free marketplace, but the occult says differently.

RATIONALE AND JUSTIFICATIONS FOR THE PROPOSED SHARE CONSOLIDATION
As at the LPD, Vivocom has a total of 5,664,539,071 issued Shares, and the last trading price was closed at RM0.045 per Share. In view of the large Share base and low trading price, the Proposed Share Consolidation is expected to enhance the Company’s Share capital structure by consolidating the existing Vivocom Shares, which will result in a reduction in the number of Shares available in the market.

From financial statement perspective, the Proposed Share Consolidation is expected to increase net asset (“NA”) per share of Vivocom together with its subsidiaries (“Vivocom Group” or the “Group”) without affecting the total market value of Shares and Share capital, and shareholders’ shareholding structure of the Company. Premised on the above, the Board considers the Proposed Share Consolidation is in the best interest of the Company.


Can anyone help to explain in detail the part "Proposed Share Consolidation is expected to increase net asset (“NA”) per share of Vivocom together with its subsidiaries"?

This part makes more sense "Premised on the above, the Board considers the Proposed Share Consolidation is in the best interest of the Company", but they forget to end this statement with (at the expense of minority shareholders) haha..

mmilk7: welcome to the club of caveman! We are here to serve you in your times of need.

Something to ponder about if you are one of those who subscribed to the 2018 RI:
- If you think the price will go down another round, sell the RI portion (cost is 0.025). At least protect this part of the capital at a profit.

As the saying goes 'The tiger cannot change its stripe as this is his nature'.

Opinion is that the same gang will never change their modus operandi and you can never win against the hungry tiger bare-handed in his own cage. Don't forget there may be another round of RI fund raising in the game plan later. The capital that you protected earlier can then be used to subscribe another round to average down at a great discount, but don't use the profit here!


- If you think the price will go up for whatever reason, just hold till death do you part haha.

HighFive: thanks for the initiative, you can also read my own understanding above. Just another perspective to look at things.

Got another take on the consolidation/RI if it happens. It's a positive angle at least for me. Will share this view once consolidation news is out, if it happens. For now, just ride along while watching grass grow and wait for announcement of the 2018 $25 millions RI proceeds.

Current situation: insufficient shares

Plan: trigger negative news of consolidation/RI, price can go up or down depending on gang's share situation after news is out

Objective:
1. trigger another round of waterfall as a psychology attack to big old holders since they are used to the current price level even if it falls to 0.005. Options for the big holders:
a. sell (gang wins by collecting your shares)
b. subscribe RI (gang wins by collecting your money)
c. don't do anything (tremendous psychology impact due to the price having much more room to fall in a SLOW and PAINFUL death)
2. trigger another round of the most cruel way to raise fund via RI
3. once the dust settles, if still insufficient shares are collected, sustain for few more years using RI money before the next plan
4. if sufficient shares collected, prepare for a new pump and dump plan

In all the situation above, this is a truly cruel battlefield that the big holders (note: non-gang) don't even stand a chance. Best of luck to everyone!

Having knowledge of these mechanisms helps to ease the mind: 'oh so the market maker is in the game now' and not having to guess
- big buyers is here already! accumulation and push on the way!
or
- damn too many sellers! time to exit!

Own summary of the term market maker (note that this is legalized and not your usual idea of operator/shark/market maker manipulation etc):
- main job is to provide liquidity in the market
- also to prevent large price gap up or gap down since they set the opening buy/sell bid
- earn the different by buying from you when you panic sell, then sell back to you when you chase high (they buy lower, and sell higher here): this point also explains the scenario when they press down for you to panic sell and push up for you to chase high
- can sell to you even without having actual stock, this is the 'loan' scenario. However, they need to buy back the 'loaned' stock within a certain timeframe (this timeframe is not mentioned anywhere at all so can assume a very long period): this also explains the scenario where they can play with you for years and years
- earn some commission from this job function

HighFive: please read some Chinese articles or google the term 'market maker' and how they put out all the so called huge buy/sell queue bid (as part of their legalized job). This is not the short selling etc that most know about, but a different side of the market world which many don't even bother to care.

That is why so many people got stumped by those huge buy/sell queue out of nowhere that cannot be explained and then start saying many sellers, many buyers etc, but my guess is this is the work of them in cahoots with the sharks. Just a simple 15 minutes of your time to put your google skill to work! The info is really out there for you to find out.

This is also why staring at those queues don't bother me as much when suddenly huge buy/sell bid appears or disappear 'magically'.

Feel free to comment!