sorry for that.. am waiting at lower EP cause the greed surely want to collect cheap and they waiting patiently.. with TA and announcement update by them all useless..
yep the need oversee risks, especially the dirty consolidation practice. will place some in here, which not good idea to bet everything in one bucket. if suddenly up hooray to everyone, else a BIG patient needs if go SOUTH.
possible another ESOS or SIS? for bring down price to 2cent. it happened on many penny stock counter. end last with consolidation. need to be xtra careful.
NoEmo the modus operandi of the major shareholders after dumping their holding to bring the price down to 1c level will be similar to year 2020 as follow : i. the issuance of 22,200,000 KAG Shares on 19 May 2020 as a result of the exercise of 19,500,000 SIS options at the exercise price of RM0.025 per SIS option and the exercise of 2,700,000 SIS options at the exercise price of RM0.03 per SIS option; ii. the issuance of 22,200,000 KAG Shares on 27 May 2020 as a result of the exercise of 19,500,000 SIS options at the exercise price of RM0.025 per SIS option and the exercise of 2,700,000 SIS options at the exercise price of RM0.03 per SIS option; iii. the issuance of 57,831,166 KAG Shares on 15 April 2020 at the issue price of RM0.0135 per KAG Share in relation to the Private Placement I and the utilisation of approximately RM0.72 million raised from the Private Placement I for the repayment of the Group's bank borrowings; dirt cheap price of ESOS and PP SHARES for the major shareholders and proxies to replenish the shares they dumped to press down the price. Minority watchdog should assist retailers to fight the unscrupulous shark. The fund they obtain from the pp may deviate from the proposal and being used to pump up the prices of some rotten companies sky high. 10/02/2021 8:59 PM
Thanks for the insight, looks like history is repeating itself. They will push down more and accumulate again. Amazing how they don't get investigated by SC actually. Such blatant manipulation. But like I said, If go down to 0.02 cents can consider.
NoEmo From 1/1/20 to todate, the company received more than rm50m from esos/PP/RI. Interesting to know how the fund is being spent and why the company comes back to the public for more fund in the beginning of this year, 2021. 10/02/2021 9:27 PM
The answer is more funds needed for the directors Ferrari and luxury houses. Haha.
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SateMan
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Posted by SateMan > 2021-01-29 11:18 | Report Abuse
What is that frankietan? Can share? :)