I buy Ancomlb not because of NIIS, is because of S5 RTO, now market cap only 200mil, S5 at least worth 900mil base on MYEG 10% 90m share bought last time. So still have 400% more to go..
One tm interesting thing is, iris got the award and share price run up today, but amcomlb although didn't get but still go up in a similar pattern... Something brewing underground?
Maybe both create a diversion for each other just like gambling for big or small....that’s why everytime one up another also will up in order to let the market confused... now the result has came out, Market will reflect the actual share price of each other on Tuesday...
Another source confirms that Iris put in the bid through a consortium, in which S5 Systems Sdn Bhd is a party. S5 Systems is owned by S5 Holdings Inc, in which MyEG Services Bhd has a 10% equity interest.
S5 Holdings is currently the target of a reverse takeover by Ancom Logistics Bhd.
Yes... that’y i said the consortium is between myeg, htpadu and S7. Now Iris got the contract, they can co-operate with anybody like dsonic, myeg or S7. What i concern is, without NIIS contract, what is the reason for S7 to continue perform RTO with ancomlb since the need to incur additional cost for listing...
If you understand the tender documents, all parties that bidded used the S5 biometrics solutions. So no matter who wins the contracts , S5 is still a winner .
The most important is, Gov already kick start NIIS project. Revenue will flow into related parties who have the patented proprietary. S5 is one of them. That’s will it goes up follow the trend.
Interesting info, it now makes sense as to why amcomlb price seems to hook with iris for the past weeks, even yesterday when iris know the award internally and share price rises, amcomlb follows suits but not myeg whatsoever. Guess there seems to be a dotted link between both
There is rumours 2 months before, market has heard iris will be the successor in Niis bid. However, does that mean Ancomlb will losts its shine ?
Betting on the RTO for S5 holding, I bet Ancomlb still can benefit from the kick start of Niis project by iris. By seeing the chart pattern from both iris & ancomlb since yesterday morning before news out, you can tell insiders has already kick in rite B4 the news
Games on . Let's look for 0.600 and max out beyond
IRIS sole ... but other companies could start communicate with IRIS i guess?? ----- The Project was awarded to IITS as the sole recipient on 29 January 2021.
The Company shall make necessary announcements as appropriate should there be any material information in accordance with ACE Market Listing Requirements.
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....
nokia8250
352 posts
Posted by nokia8250 > 2021-01-29 18:46 | Report Abuse
So what's next for Ancomlb?