Tomorrow will see further down on mother and son i guess before share price stable. At least 1 week before goreng. UMA management headached his checkmate game been smell
M3 TECHNOLOGIES (ASIA) BERHAD (“M3TECH” OR “THE COMPANY”) - UNUSUAL MARKET ACTIVITY With reference to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 24 August 2016 in relation to an unusual market activity due to the sharp fall in price of Company's shares recently, the Company would like to confirm that to the best of its knowledge and after making due enquiries with the board of directors and major shareholders of the Company seeking the cause of the subject matter of the query, the Company is not aware of any of the following that may have contributed to the unusual market activity: 1. Any corporate development relating to the M3Tech Group's business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation/discussion, save and except for the following: Implementation of the proposed renounceable rights issue of new ordinary shares of RM0.10 each in M3Tech (“M3Tech Shares”) (“Rights Shares”) together with free detachable warrants (“Warrants”) at an issue price of RM0.10 per Rights Share on the basis of four (4) Rights Shares together with three (3) Warrants for every two (2) existing M3Tech Shares (“Rights Issue with Warrants”), the announcements of which have been previously made to Bursa Securities on 16 April 2015, 15 June 2015, 16 June 2015, 3 July 2015, 17 September 2015, 8 October 2015, 18 January 2016, 20 January 2016, 17 June 2016, 23 June 2016, 12 July 2016, 26 July 2016 and 18 August 2016. An additional 389,525,880 new ordinary shares of RM0.10 each issued pursuant to the Rights Issue with Warrants were granted listing and quotation with effect from 9.00 a.m., Thursday, 25 August 2016; and A total 292,144,409 Warrants issued pursuant to the Rights Issue with Warrants were admitted to the Official List of Bursa Securities and the listing and quotation of the Warrants on the ACE Market were granted with effect from 9.00 a.m., Thursday, 25 August 2016. Announcement made on 24 August 2016 in relation to a press release dated 24 August 2016 entitled "M3TECH unveils future roadmap - i3TeamWorks". 2. Any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity; and 3. Any other possible explanation to account for the trading activity. The Company is in compliance with, and will make the necessary announcement to Bursa Securities of any material information in compliance with, Rule 9.03 of Bursa Securities ACE Market Listing Requirements.
How to start party? Bursa watching with a close eye now. Cannot simply push up and down. Bursa will catch you. Who dare to pump and dump again? Maybe will cool down wait first. After Bursa sleeping again they will pump again.
7.5 sen is calculated to be the cost price for the recent rights(mother share). If no bad news, it should be supported. Who would be so eager to sell below cost price?
Any temporary setback in price(whether contra selling or otherwise) will be viewed as a good buying opportunity for the longer run. Operator is in an accumulation mode too.
Condolance to XOX fans cause ur investment flow to this company in order to subscribe Right Issue. Let this counter and warrant move first and later XOX. Money stuck due to UMA.
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....
zulmuiz
1,313 posts
Posted by zulmuiz > 2016-08-25 10:35 | Report Abuse
u can +- (wa+mother)= < 0.10 can safe buy muknike