Yeah, the 70/30 or whatever rule still applies in today's world, so there is no shortage of ikan bilis in the sea.

If don't subscribe to their exercise and just hold to your shares, they are not earning a single cent from you.

Those planning to average down should be happy didn't buy from RI.
Today has proven again penny stocks will drop to near RI price or lower after consolidation + RI.
For them to do another consolidation + RI while price keeps going lower, think it will be a first in Bursa...
Price should be moving upwards unless many strong holders still having shares...

This counter has a history of talk big, no action.
No surprise it's happening again, take care guys.

A company with such good earnings, yet cannot even find a proper office/location/operation address.
No real address published in its company website, previous old websites, financial info sites, bursa announcements, etc. Really so hard to find a medium size company address? At least SERBADK has a proper address...

This is THE COMPANY SECRETARY address:
Level 5, Block B, Dataran PHB, Saujana Resort, Section U2
40150 Shah Alam, Selangor
Just go there and pay a visit, then you'll know haha..

2021 change of address: https://malaysiastock.biz/Company-Announcement.aspx?id=1291321
2019 change of address: https://malaysiastock.biz/Company-Announcement.aspx?id=1176365
Cannot even find a proper address even with above announcements... the rest is up to you guys imagination...

BIO has officially joined the 'gang'. Take care if still holding any shares, it may limit down like how BCMALL went through. BCMALL used to be a stable and profitable company similar to BIO, until it start dealing with the 'gang'.

Reading the article and calvin's conjecture on price suppression provide both logical and reasonable points.

Market maker's spread that we read on internet is only the tip of iceberg on how these cindy kate works, many of the mechanics may be hidden and never be known to outsiders forever. (esoteric readers may also tell you the same, many of the real world truth is hidden beyond the common veil of what we see and know)

Also, I always believe cindy kate usually works in groups, coz if they are individual groups fighting amongst each other all the time, cannot imagine the bloodshed if one group causes the other group to lose tens or hundreds of millions dollar.

Not forgetting that there is more room to drop further beyond 0.2 if interested to make the most of averaging down. Current local market for medium term is still bearish/flat as there is more negative (politics, no investor confidence) than positive (border reopening, etc).

Wait for price to drop near 0.2 after consolidation, then buy from market at your desired amount. Way better to average down than to contribute money to company. Sorry AGES, my money not for you.

Directors are not really willing to wait so long leh... think of all the sharks and its family, children, mistress... they need to eat also guys

Come on guys, low and lower with negative earnings still not willing to let go?
You all want consolidation and rights issue is it? Or should it join the Fintech gang then only you guys will give up?

But don't worry, Bursa sure approve this Conso+RI. Earlier planned RI around 0.11 is too close to previous RI price hence tak boleh jalan!

Where got both old and new model of washing machine wash so similar between one and another lah! But this time the difference is good enough for market approval!

Cannot goreng bro, many of you guys still here.
If I goreng, many of you profit, I take home a lot less profit how, capeesh?

sato Consolidate then RI, and apply for ESOS, PP… shiok shiok huge profit ma

AGES tickets collection not enough yet, hence need to shake-a-boom first! No more easy peach life for sharks nowadays, bilis is getting smarter, ouch!

Ughh tough luck, times are changing. For better or for worst, we are better connected nowadays. Not easy to play this game anymore ar master.

Blee and unclekyyisbest are both so calm and collected. Give a big like to both! *winks at all the npc/cardboard chars/trolls/pawns*

@Citadel123: thank you for your concern wkwkwkwkwk...

Based on indicative RI price of 0.25 after consolidation, this exercise is similar to asking for subscription of ~0.0167 per share if no consolidation.

If price does falls to 0.25 after consolidation and close to subscription closing date, better to buy from market than give money to company. So either you:
- cutlost now to avoid greater paper loss or
- wait till near RI subscription closing date to compare market price vs the finalized RI price

As the saying goes: what goes around comes around...
Company treats minority investor like dirt, you also have the choice to do the same...

@WE IN: yes we earn nothing or peanuts from stock market, happy boss?

@Citadel123: most of us with full time job/business out there have a lot less time lurking around forums, tqvm.

Previous Serbadk's contract in Petronas system is not even close to RM 0.5 billion, and their legal team dare say Petronas is collaborating with Serbadk to bring in investments to the tune of RM 33.9 billion! No wonder public opinion can be easily manipulated by media if nobody dare to find out the truth like KPMG... or like myself who previously has accessed Petronas system before...

If based on previous price spike during July 2020 which shoots ~3 times in just a few days, likely that time the public shareholding is very low and the operator could be some player from China because of the 2billion MYR contract acting as catalyst.

Since there is way more public and director shareholdings now, coupled with costlier transaction fees starting January next year, the more reasonable way for price to move up is the company's future earnings. Of course anyone can just say goreng then goreng la, why need so many factors/reasons...

Also not sure if anyone notices it, but recently operators allow lesser transaction volume to move price up/down few bids compared to months ago...

Director pump own money and not via proxy is always a good thing, shows his confidence in the company (can be a show also, if stock market is so predictable then everyone earn big already).

Not necessary going to goreng because catalysts etc not there... some more next year stamp duty is more costly for the big guys...

BLee: At least PP is regulated, with proper tracking by regulator and regular update of %usage of $ used. I am dumbfounded by the numbers of Fintec ESOS; really pushing the price down and diluting NTA…
I am speechless; link https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h159292...

@BLee: when I first knew and start taking notice about Fintec many months ago, I realized one thing Fintec has - unbelievable profits that goes straight up and up. And that time many people (especially Chinese media/groups) promoting like it's the most undervalued counter. Hence I stayed away and never look back.

Sorry about your current paper loss in Fintec, I hope your persistence will one day let you recover capital and even profit from it. That is what I'll do (never sell at loss and just wait) since I don't rely on stocks for a living, and most of us with real functioning full job/business have only certain amount of time in the day to chit chat in forum hahah... that's also one way to avoid the toxic/negativity/hopeless situation currently in local market.

BLee: Two questions: 1. How can operators earn money in PP investment if the PP tranches prices keep decline by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?
2. How can money flow out (siphon) as money collected from PP, ESOS, SIS, RI are locked in bank FD account as shown Fintec latest QR reporting?
Continues...

Very good questions BLee, at least these seems like critical questions that let us think outside the box rather than simply shoot common answers like PP, RI, Consolidation, etc cheats your money but then ignore the nonstop price fall. I've even got a friend who knew investment bankers (you would have thought that he knew more than most of us since he has such friends) that tell me to sell during consolidation because it's better to get back some capital (huge loss) rather than lose all.

But I persist and at the end not only got back full capital, I earned some profits too. Why I insist to keep? Well only a simple scenario in my mind: big shareholders/insiders are holding the share at high price as well, and latest annual report still shows they are there. These are after considering the selldown volume, RI price, etc... you somehow get the picture that they are still inside with higher cost.

1. How can operators earn money in PP investment if the PP tranches prices keep decline by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?
All speculation here: Everyone except retailers and non-insiders are together in the money. Means they have huge pool of money, can create fake volume/charts/price actions, work together with market makers/operators, and can wait years and years to flush out outsiders. If you try and study some history of those penny stocks, many times during pump and dump they almost coincides with corporate announcements/news/exercises, you cannot help but feel that the entire timeline is all planned out.

2. How can money flow out (siphon) as money collected from PP, ESOS, SIS, RI are locked in bank FD account as shown Fintec latest QR reporting?
Also speculation: Didn't know that money collected from these exercises are locked in bank FD, as I thought they can be used for those purposes stated in the shareholder circular eg, for company day to day operations, repay bank borrowings, to fund projects etc. Then with these purposes announced, it's easy to setup shell companies to act as vendors/customers to siphon out these collected funds from the bank.

@ GroundZeroIV: Sorry if I'm dumber in science knowledge than most people here. But just want to let you know that I used to be a hardheaded supporter of anti-covid and anti-vaccine many months back and even signed and supported many of the anti-vaccine movements throughout the world (online petitions etc).

Even I agree with your statement that covid is over exaggerated, and is very much against wearing mask which I found it deteriorating to health due to less oxygen intake and more CO2 intake.

But since then many news of anti-vaccine has gone overboard (please find more in gab.com if you know what I mean). News of graphene as nano particles, existence of hydra-like organism, and VAERS death reports (search for a local news about one key point about VAERS) are such overboard articles.

I don't claim to know any covid or medical science more than anyone, but I at least has been much involved and read many anti-covid/anti-vaccine articles to come to where I am today (neutral side).

stockraider has his own point, but not necessary always correct ie. avoid Fintec and all its related stock. He promoted Netx before, so his statement clearly is not very objective.

I owned Trive before which is even worse than Fintec. Just look at Trive 5 years historical high and current price, you'll see what I mean (don't use i3investor, its default chart does not include many capital changes).

Anyway, I've beaten few times in Trive before (biggest total won in my counters), so cannot fully say all penny stocks especially Fintec related ones are worthless. Some contrarian will say cannot use historical to judge future, but I'm only stating what happened before, not predicting anything future since nobody can ever accurately tell what the future hold.

Almost anything in bursa is going down non-stop, and could be worst coming weeks since Omicron detected in Malaysia. Many doomsayers will tell you hedge funds are withdrawing from share market, buying up commodities, great inflation is coming etc, but if you're a retailer with a still functioning job/business that provides income, what is there to be afraid of?

Please do not feed into the fear/paranoia/doomsday mentality that is being promoted almost everywhere online. I hope more people will stay positive at these times of uncertainty especially retailers in this very much beaten down KLSE.

gohkimhock It is a concern only if it increases the rate of serious illness, hospitalizations or death. Other than that, just laugh it off.. Just treat it as a normal flu.

Yes, everyone throughout the world is totally dumbo and staging/creating millions of hospitalizations and statistics, and acting on the world stage pretending that covid is a serious disease where in fact it is just a mild flu. All doctors, nurses, professionals and everyone in the healthcare industry is all either a paid actor/actress or totally ignorant of the covid science/knowledge.

We are the smartest when most of us are not even in the healthcare industry, kudos bro!

s3phiroth: others should stay away from AGES & ARBB, could be same modus operandi like SCIB/KPOWER/SERBADK which I did suspect long ago before the current hiatus. All 3 companies have one thing in common: super quarters, price fly and fly, one straight line that is up hence my suspicion.

But AGES is kind of different: one straight line up but not exactly (good quarters), another straight line down (share price). Please advise what to do those who still hold the share..

Expecting further drop targeting 0.03 but suddenly today out good quarter. Don't mind either way, up is always good, if drop further many with bullets are preparing to collect...

Azhari1082 market maker can do whatever they want, none of us know what will happen next.fact.

Yup, unless they can earn from coordinating with short sellers/others to BUY HIGH and SELL LOW, very likely they are not earning due to price waterfall in almost every counter this year.

Local institutions is the biggest net seller in 2021, my guess is operators/market makers/institutions are desperate to flush many away as 2020 covid lockdown has flooded the market with many fresh/old retailers which I believe is still holding their tickets. Common sense - pumping a counter with huge retailers/public holdings is never a good thing for them.

SolidGold: Yang kasi happi sikit ialah boleh tengok banyak retailer makin smart sekarang. Maka dia orang pun bukan mudah main sekarang, tengok seluruh bursa macam ini (irrational action in rational time), aku pun mau percaya dia orang makin desperate untuk makan ticket kita.

SolidGold: Betul bang. Tapi aku high cost, kalau jual rugi banyak. Jadi terus simpan saja, sudah banyak kali simpan lama dekat counter lain dan menang akhirnya, apa salah tunggu sini. Bukan semua modal pun di sini...

Regardless whether above is correct/wrong/partial etc, I always believe that when there is an irrational action (selloff like today) in a rational time (economy improving post covid, AGES with multiple projects etc), and unless it is a rare once-off true and genuine selloff, then there is very high chance/pobability that there is an agenda involved.

A true and genuine sell down (insiders leaving to protect capital because something bad is coming or already achieved some objective like profit) is a straight waterfall, unlike today where the buy/sell queue is sort of pre-planned.

If you read enough about market making mechanics, today's action somehow shows that it is not something due to a sudden drastic selloff but something that looks pre-planned.

Nearly 90% of volume today is done and sold in very large blocks, which means it is impossible to be normal traders / retailers. Take your own pick:
- insiders is throwing money to sea just for fun
- insiders is selling because something very bad is coming
- insiders is putting up a show to collect tickets, today is kind of desperate
- other reasons of your own

Dunno about Uncle Con but have a brother-in-law who owns palm oil land/farm. Price can only go up from now until they can resolve the labor shortage issues. MCO over does not mean there will be many workers ready to go back to work in the industry, you need to be in it to know the real details.

This article too shallow to believe. Looks like a copy and paste from some reading.

I prefer Aseng more than Calvin because Aseng never advertise more than 1 counter, unlike Calvin who promotes many counters with superb story assuming everyone has unlimited funds. Both preaches good value in investing for many to follow though.

Ok nevermind, I realized that brokers follow 1 set (probably from bursa), other apps/sources/websites follow their own numbers.

Aseng, not sure why there are different numbers of Gainers/Losers in klse screener, bursa malaysia website and i3investor or other sources. Any thoughts on why is there such a difference?

Aseng is a positive guy who advocates holding longer term to beat the tyranny of the masters at their own game. The world will be diverging further as can be seen in the increasing number of people who awakened to this reality (see gab.com as a good example). This awakening is no different in stock market, the more people moving towards the 20% (the 80/20 rule), the harder the masters need to manage their game!

Don't doubt conspiracy theories, our own Mahathir and many leaders already acknowledged the existence of a new world order years ago! See below our ex-leader speech about a New World Order whom many will simply dismissed as a time wasting conspiracy theory!
https://www.youtube.com/watch?v=1-2V3F4AQF8

Aseng I told you how many times already
my exit plan
2 years or exit TP 1.5 whichever come first

Wow Aseng, good luck! My exit plan is to have some profit only, never thought to reach above 1. Have this thought on our local players/operators - that they are depressing price slowly, daily, surely to kill most weak players/punters/holders before the next bull. Not talking about short sellers but the more commonly used 'market maker'.

Knowing how a market maker works and since it really exists in Malaysia, the above reason makes most sense. Market maker is your daily liquidity provider meaning their job is to provide the magic buy/sell queue you see everyday, can loan stock meaning can sell shares without owning it but have to offset back later, have large funds meaning they can wait very long till most left the boat, and more functions that you can try searching on the net for this word 'market maker'.

i3lurker: Why not? You never experienced/encountered something does not mean it is not there. https://www.bibliotecapleyades.net/scalar_tech/esp_scalartech37.htm
Unless you can prove the above is incorrect, there is always some truth here.

Bear in mind this article is only a tiny little fraction in this huge library of everything abnormal (www.bibliotecapleyades.net).

Aseng: good luck to you as I believe your rational and patience will bring you far in the stock market. My experiences tells me not to give in to fearmonger no matter who they are, I have a friend who knew some investment bankers that keep telling me to sell my shares in some of the worst counter in KLSE. Also many other friends including one remiser told the same, but I never listen not even once because I only buy/avg down during downtrend and almost never during an uptrend.

Since ancient times all sorts of traders buy low and sell high. When huge discount, buy more. The more successful ones know how to diverse and not all in. Even penny/worthless stocks have their cycle. Delisting is quite rare if you compare the number of counters with active ones.

Today my rational, persistence and patience not only let me gain back full capital but with profits as well. Just don't all in is still the best timeless advice...

This penny not the worst, Lambo/Trive is still the champion for wiping out your capital if bought around 2017 during its peak. Your capital loss can be >95% wipeout..

jeffng570 confirmed.....this counter will dislited in 2 years time

Yes, and with delisting the 2 timber tycoon brothers will also have their millions of dollars stuck as well. They have lost quite huge sums in SCIB before, not sure if they are willing to lose another big sum here. Take note that their cost in Pworth may be quite high, since they already have shares long before 2018 RI and recent consolidation.

Calvin is in some sense similar to OTB - promote many counters and assuming everyone has unlimited funds.

Both are egocentric showing only winning stock picks, seldom admit mistakes, and lives in own illusionary world with rosy-colored glasses. Robot/puppet like without real human empathy.

TQ for your concern, sold all rather than lose all. Tell your insider to correctly calculate the amount sold by the end of today, don't mix up theirs and mine ok!