Warren Buffet likes Company Directors who use own monies to buy Company Shares
This very fact that Director Tan Sik Eek willing to fork out Rm10 Millions from his own pocket shows that Netx Management put their monies and risk it like we do
SEE IF THEY WILL SUCCEED OR NOT
IF YOU BELIEVE JUST BUY
IF NOT THEN GO FIND OTHER BETTER THINGS TO DO
The Book says ,"In all labour there is profit but the talk of the lip tends to penury"
New International Version All hard work brings a profit, but mere talk leads only to poverty.
New Living Translation Work brings profit, but mere talk leads to poverty!
English Standard Version In all toil there is profit, but mere talk tends only to poverty.
Berean Study Bible There is profit in all labor, but mere talk leads only to poverty.
New American Standard Bible In all labor there is profit, But mere talk leads only to poverty.
New King James Version In all labor there is profit, But idle chatter leads only to poverty.
King James Bible In all labour there is profit: but the talk of the lips tendeth only to penury.
Christian Standard Bible There is profit in all hard work, but endless talk leads only to poverty.
Contemporary English Version Hard work is worthwhile, but empty talk will make you poor.
Good News Translation Work and you will earn a living; if you sit around talking you will be poor.
Holman Christian Standard Bible There is profit in all hard work, but endless talk leads only to poverty.
Kes COVID-19 meningkat, Jakarta umum lanjut penjarakan sosial Share
Tweet JAKARTA: Gabenor Jakarta, Anies Baswedan, mengumumkan lanjutan tempoh peraturan penjarakan sosial selama dua minggu lagi, susulan data terbaru menunjukkan peningkatan jangkitan COVID-19 di Indonesia.
Calvin, is your calcs correct on the right issue? Seems a bit odd but pls verify how do you get 120k new shares with only 20k shares at the start (using your example)
Netx also needs as well to restructure the quality of share holders by the. exercise of conso, ri and f w to obtain top quality investor S like public bank instead of play play, cari makan or contra player. After this exercise, Netx will emerge its value of business then.. its share price will also go up by decrease of Shares and top quality share holders
Netx 3 Directors oblige to subscribe RM 10 million of RI .
>> Ha ha 3 Directors are oblige to subscribe RI RM 10 million , that is 13.61 % after RI .
5246 million/ 50 = 104,920,000
RI = 629,491,596
Total = 734,411,596
>> Do remember ED Tan is given ESOS 688 million which ex already but is not in Substantial shareholder. Current issued shares is 5.246 billion , 688 / 5246 is 13.11 % , plus current buy 2 million = 690/ 5246 = 13.16 %
For Calvintaneng, thanks very much for your views on Netx. I reckon you are right and the directors/owners have already put in motion the company's transformation. You mentioned that you have a WhatsApp group - how does one join? Thanks in advance, YJ
You are most welcome as well as all sincere & honest people who wish to invest in sound, good, fundamental stocks
FREE OF CHARGE & NO OBLIGATION
My Joy To Help All True Investors or Learners
Calvin also learning from Everybody Everyday to Improve Myself
Whataspp 019 3384010
Whataspp 014 6101668
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Fintec / Asiabio buoght ard 103 million share on August 2019 as Credit Suisse did not subscribed the full qty of the 1st tranche of 1 billion PP shares, only subscribed 150 million shares and disposed on early 2020 .
Here is another wonder proof showing the EXCELLENT LEADERSHIP OF FINTEC/ASIABIO BOSS
They also Issued Rights in XOX early this year
See
RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,651,255,354 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN XOX BHD ("XOX" OR THE "COMPANY") ("ICPS") AT AN ISSUE PRICE OF RM0.025 PER ICPS TOGETHER WITH UP TO 662,813,838 FREE DETACHABLE WARRANTS IN XOX ("WARRANTS B") ON THE BASIS OF 4 ICPS TOGETHER WITH 1 FREE WARRANT B FOR EVERY 2 EXISTING ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF XOX ON 12 FEBRUARY 2020 ("RIGHTS ISSUE OF ICPS WITH WARRANTS") Ex-Date 11 Feb 2020
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,462 posts
Posted by calvintaneng > 2020-07-16 23:19 | Report Abuse
Note:
For Utusan & London biscuit Insiders have SOLD ALL AND PARACHUTED
Both delisted now
FOR NETX FINTEC/ASIABIO HAVE BOUGHT AND BOUGHT
DIRECTORS HAVE BOUGHT & WILLING TO UNDERTAKE TO BUY UP RM10 MILLIONS RIGHTS NOT SUBSCRIBED
SO ALL MUST SEE THE DIFFERENCE