forced selling today for those who bought at 7.5s....

focus on other stocks the moment.. they are many which have fundamentals but still penny stocks as compared to VC which is speculative and operator's play toy.

rotational play among penny stocks... VSOLAR is next in the line... be prepared!

There is no way for Dato to have control of the board even if he buys all the shares in the open market as madam and her gang hold more than 50% and have the advantage of the unconverted ICPS. He cannot continue fighting in the losing battle and waste his time in doing so. So what is Dato next move?
Option 1, sell and exit VC
Option 2, become a slave to madam
Option 3, be a passive investor

On the other hand, madam cannot afford to lose the share values (perhaps about RM 10 mill already) where she could use the share to pledge for margin financing.

Good Reap88.. Then we can expect the price will be the same as MMAG later, which is around 20s..

I don't think it will go lower than 7s like last time as it will invite another attempt of takeover. Madam and her gang have to make sure all their money in this company not going to others.

If really Dato is bowing out, that will leave madam and her gang in control. however, madam and eugene also got no more money left they are losing money as well via ICPS conversion. So they will probably resort to using operators to push up the price later to recoup the losses.

7s-8s will be a new normal for now...

Not sure...Dato will fight back!

let see if 41 mill block at 8s can be cleared this morning....opss ...suddenly 10 mill block just dissappeared..

interesting that both Eugene and Madam willing to lose money just to be in control. That means, someday they have to recoup the losses. Otherwise they will be forever losing if Dato gains control of this cash rich company.

wow ...3 person already 9 mill Q! LOL... operators do not Q, they just buy/sell at their own pace unless they want to block, like what they are doing now..

I also Q at 7s for 2 mill... hope someone will dump it today...

Yes it is good for company.... but more conversion means also lower share price due to share dilution. I think today the retailers are dumping, not operators. Otherwise you will see high volume already.

Dato, please buy more... now it is cheap for you to enter!

as long as madam keeps converting, the price will go down... Dato will not give her easy money. Put your money into company and lose money at the same time!

congratulation kuaTAKtahu... you got it man!

that is what happen when 2 groups fighting for control. Those who converted their PAs theoretically loss 50% already. Dato will make sure price is within this range for now. There is still roughly 380 mill ICPS not yet converted which can be translated to another RM 57 mill into company account if converted one-to-one.

Madam ICPS 223,413,903 (58.76%)
Eugene ICPS 75,000,000 (19.81%)

15s may be a distant dream for now as both madam and eugene hold substantial ICPS. Dato will not let them have easy way to gain money so the price might not be what we all expected to be until there is a truce between the 2 factions.

today will test 9s again....most of contra players are gone already...

ok ok just got call from Datok... he will start the play soon!

if injecting trinity is good for VC then why madam and gang are fighting? they should work together with Dato for the benefit of VC.

witchslayer, are you with Dato's team or madam? when they want to start engage in a fight? that 100 mill shares done in 1 hr last week was by which side?

Madam got the majority of the ICPS and she converted one-to-one instead of three-to-one basis to dilute Dato's holding.

the fight is real but I don't know which side bought big quantities last week. Dato game plan will be to push the price lower so he can buy cheap while forcing the old guards to convert more PA at lost, meaning more fund into the company coffer. At lower price, he can accumulate more shares to give him board control. Once he got control, he can opt for capital reduction to reduce the number of shares held by the other group. He can then use the surplus cash to buy Trinity and get back his money. Smart move by Dato.

The other side, on the other hand, would want to increase the price to reduce their losses and at the same time, make it more expensive for Dato to buy. They have no choice but to convert the PA to dilute Dato's holding instead of buying from the open market.

I believe both sides have engaged operators to help them so it will interesting to see how intense the fight will be to get control of this cash rich company in the next few days.

Right hand to left hand!

21-Apr-2020 Insider MR GOH EUGENE (a company director) acquired 1,394,400 shares on 20-Apr-2020.
21-Apr-2020 Insider MADAM CHAN SWEE YING (a company director) disposed 1,394,400 shares on 20-Apr-2020.

delisted soon....

pamie, this is operator goreng stock.. the moment you see the Q in the 20-30 millions than it is not retailers anymore.

if you follow the trend in Jan, both the buy Q and sell Q are by operators. The moment they notice panic selling by retailers 7.5s, the buy Q will disappear and replace with sell Q at 7.5s.

2s aah? bukan 6s?

Not yet. They have not started playing.. the operators will see first the pattern in the morning if the retailers got the bait or not. You will notice that they sell a lot but at the same time they also buy a little just to show there is still buying. With the buy Q is bigger than sell Q, the retailers will think that there is still buying interest, and join the buy Q while in fact the operators are waiting to dump. Same modus operandi like last time. Just be careful.

That is right Pamie.. I was told the operators are on-board now after last week big buying. So don't enter yet. It may drop to 5s before Dato start buying again as his entry point is 5s. The losers will be the retailers and contra players.

just wait for a few more days at 5s to enter... don't get trapped by the operators.

operators bought big volume last week, so expect they will play VC down probably back to 5s...already they put a big block at 8.5s and try to lure retailers to buy at 8s before they start dumping...

wait until tomorrow to buy... can drop further to 7s... same game as before...

time to q at 2s again!

breakdown already!

As long as the price stays below 15s, it is good for Dato as he can accumulate more while the others will lose money by PA conversion. I am not surprised if Dato already held more than 30% as those on buying spree last week are not yet disclosed.

hopeless counter now... time to move to minetec.. will come back once Dato direction is clear...

same group as NETX and others, high volume but price remains the same for years!

With Dato Neoh on board, I am confident it will not be played like last time.. also market is getting better now.... but who keeps dumping at 8.5s?

Chuah3434, what is your TP in near term?

in just 15 min 48 mill shares dumped at 8.5s..

someone keeps dumping at 8.5s... must be one of the shareholders dumping to exit..

Chuah3434, I agree, but whose buying in big volume last week?

True, it is not just dilution.. The company is flushed with cash at the moment.. a healthy sign during this difficult period. What is next? We have to wait for the announcement. There is still a lot of unknown. Who bought big volumes last week. Was it new shareholders buying? Who block the price? Was it Dato himself so that he can accumulate more, knowing that higher price benefits the old guards? Can Dato get control of the board, or does he has enough votes to kick the old guards out? What is company next plan? Buy stock broking firm or Trinity? Will Madam work with Dato? So many unknown here... hope it is going to be like Minetec, all happy to the top!

wow... almost 90 mill shares traded at 2.5s... what was supposed to be uptrend now went in reverse! I thought only NETX can pull this trick!

it is not contra players but the crooked directors trying to prevent RTO by Dato. Only them have the volume.

let's focus on minetec, it is how the take over should be...