@yumchar I wonder if all the money from RI, PP & ESOS are still in the bank?

You wish.. They print "paper", then sell the "paper" to retailers .. so it is no longer their money in company. Then used "retailers" money to buy shares in other listed company to join the 60 companies and expand. .. to create "fair value" . Don't fall into their trap.

Totally agreed. Retail investors in M3 also need to wake up and support them. They can not win unless all turn up for the coming EGM. Let us spread this to all forums, group and beyond. Create history despite SC, Bursa , LHDN , MACC, PDRM stay silent.

MOU, Agreements are all BS news to offload shares to trap more retailers. Top volumes to get attention. More like right hands throw to left hands. Be careful.

The Edgemarket, being the most prominent publications must have spend many hours to piece together all the companies announcement, and finally published a few articles to alert the investors public to what are factually happening. If what they said is not true, I am sure it wont prompt MACC and LHDN to take the lead and start investigation.

The web of 40 interlink cross shareholdings are complicated, but I am sure given time, end game will come, just like for Jho Low / 1MDB.

Please read them thoroughly. It is not about pushing prices up and down only nor it is market maker strategy, as it goes beyond what you can imagine if you read the news report carefully. It tell a lot if you are familiar with Company Act & Listing Requirement.

https://www.klsescreener.com/v2/news/view/818927

https://www.theedgemarkets.com/article/special-report-share-issuances-new-getrichquick-scheme-town

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge

Bursa could be blindsided, but SC being statutory bodies and even if they act, the penalties are not deterrent and time consuming as compare to those under penal code. Let MACC , LHDN and PDRM take the lead, as many crime might be committed beside market manipulation. The food chain might go up and wide and also involved many professional bodies as these go beyond one hidden hands.

https://focusmalaysia.my/mainstream/is-the-corruption-level-in-msia-not-yet-a-pandemic-seriously/

Hope the menace will be over soon and create a safe KLSE

Reply my analysis of the Fintec Reply
https://klse.i3investor.com/blogs/Reply2Fintec/2021-04-24-story-h1564112714-Shock_over_Fintec_Official_Reply.jsp

Official reply is another bigger lies to cover the original lies.

Yes. Agreed as 20,000 or maybe 30,000 people think this way, (retails), and once money raised, it is not used for the intended purpose, but siphon to buy into another company shares.
https://www.klsescreener.com/v2/news/view/818927
Again it is your nasi lemak money, your call. But retail investor must aware of these scams.

Old trick died hard. More ESOS on the way
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3150300

@NoEMO
First Jho Low, 1MDB, Now MACC or PDRM is focus on Tender Cartel, then Nicky Liow. Maybe next is the Share printing cartel.
https://focusmalaysia.my/opinion/when-our-leaders-are-more-caught-up-with-politicking-than-busting-cartels/

Same modus operandi
https://www.theedgemarkets.com/article/sc-show-how-ricky-wong-siphoned-over-rm50m-bright-packaging-industry-rights-issue-private

Hahaha... Still have people believe or trying to justify for syndicate all these ESOS, when in actual fact, all the ESOS share are for the Syndicate as expose in the Blog many times. Get real, as per Edge report , all these paper printing is for Syndicate to sell to retailers in large quantity. Wake up and read the expose blogs..

@ahfad Dont forget that XOX is run and controlled by Syndicate.
By all intent and purpose, ESOS is for employee and unless specified in the shareholders approval during AGM/EGM, if not, Director are not allowed to take ESOS.
Next. Is XOX being controlled by Syndicate as per Blog expose', then all the Directors are just puppets like Ricky Wong case,
https://www.theedgemarkets.com/article/sc-show-how-ricky-wong-siphoned-over-rm50m-bright-packaging-industry-rights-issue-private
Those so called ESOS is not genuinely for the employee per se. Also, imagine an employee on few thousands salary can afford multi million of shares. Also, would an employee in XOX that see their business not doing good, to put their money into the XOX shares. It is illogical.
And the XOX so called "business" is just a story to feed to lure investors to buy.
But for Syndicate, why should they pump the price up if they do not have "shares" to sell.
So, when the prices go up, the real fact is syndicate is disposing. To do so, they need a lot of shares to throw from right pocket to right pocket to create the hype for others to follow.. And in between, gullible retailer follow, then they are trapped and syndicate laugh all the way to banks.
The prices are manipulated daily and keep away is the only safe bet. and nobody knows what is the syndicate next moves.

@OngLai88

You miss out

Permaju
LKL
pasukgb
bcmall

Check each director profile here
https://klse.i3investor.com/entity/index.jsp

Syndicate Play
Check directors at https://klse.i3investor.com/entity/index.jsp

https://www.theedgemarkets.com/article/special-report-share-issuances-new-getrichquick-scheme-town

Read this
https://www.theedgemarkets.com/article/special-report-share-issuances-new-getrichquick-scheme-town

Watch out. Syndicate like AT, XOX....etc