EGM was successful. Motions passed with 99.8 % majority to develop the E wallet business from now. Exciting times ahead! 8000 likes at Presto phase 1 after just 7 days!
Somebody bought this counter shares for Long term or on speculation. Whether this company e-commerce and e-wallet are substanable for Long term from your investment point of view depend on your deep study over its management capability and business knowledge but not other ppl simple talks.
From my point of view...after the EGM, the announcement will be made 2morrow so I think the reactions would be NEGATIVE 'cos 2morrow is Friday together with long holiday (X'mas day) and moreover year ends!
U can do it immediately (but u must pay for it first) n complete the necessary paper work with the necessary form n cash option payment of another 5 sen per LA conversion to share, the whole process should take about 3 weeks depending also in the Registrar concerned !!!
Since 11Dec till now, within 10days time, PUC has increased >50%, I’m not sure if tmrw is still fly, of coz I wish as I bought some also. If looking at mid term investment, this share has the potential definitely
So the resolution is passed, no more obstacle for the company to go forward with its plans.... Many have been waiting for this... and shouted to buy... so now the time to buy... make dreams come true... don't let some say you're dreamers... :( :(
jennychin, SC and Bursa approval already obtained before going to shareholders' and ICULS holder's approval. Read the circular section 8 "approval required" in page 32. The only obstacle now is item 8(v), which is... nothing.
Jennychin, Pls do not make assertions if you are not familiar with SC/Bursa rules, it just makes you look stupid (1), not that important for you to look stupid, couldn't care less... but to give out fake/false advice that could cost people money or make bad decisions.
In cases of changes in utilisation of funds, all listed companies would have had to approach Bursa/SC first on its viability. Then the ground rules would have to be set ... in this case, they needed 50% attendance and 75% of the votes for the resolution to pass. Once these have been passed, SC/Bursa only need to rubber stamp the resolution to be legit. It is not up to SC/Bursa to dabble on approving or not if the resolutions have been voted, attended properly by shareholders, in this case Iculs holders.
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....
Asianpay
81 posts
Posted by Asianpay > 2017-12-21 12:04 | Report Abuse
EGM was successful. Motions passed with 99.8 % majority to develop the E wallet business from now. Exciting times ahead!
8000 likes at Presto phase 1 after just 7 days!