Posted by heretolearn > 2020-04-11 00:52 | Report Abuse

i would like to ask so the announcement is it consider good or bad for VC?

Posted by up88up > 2020-04-11 08:14 | Report Abuse

Michael can still hold ?

Posted by sammmy > 2020-04-11 08:40 | Report Abuse

Can still hold I think, madam paid 10M to convert shares. So I think they are going push the price above 15cents

Posted by up88up > 2020-04-11 08:41 | Report Abuse

Thanks Sammmy, hopefully next week break 10c

Posted by TianTianHuat > 2020-04-11 08:53 |

Post removed.Why?

Posted by Keyman188 > 2020-04-11 10:05 | Report Abuse

In fact Dato no intention to join the board / board tussle....

In fact Dato no intention to injection current biz into this company....

In fact Dato got other plan why bought some share for this company....

Very soon you all definitely know......kekeke...kekeke...kekeke......

Posted by 5354_ > 2020-04-11 10:32 | Report Abuse

You mean Dato will take profit? 8.5-9 sen retailers can buy?

Keyman188 In fact Dato no intention to join the board / board tussle....

In fact Dato no intention to injection current biz into this company....

In fact Dato got other plan why bought some share for this company....

Very soon you all definitely know......kekeke...kekeke...kekeke......
11/04/2020 10:05 AM

Posted by kuaTAKtahu > 2020-04-11 10:46 | Report Abuse

VC集团-PA是一项类似凭单的产品，可根据3换1转换母股，或1优先股加10仙现金行使成为1母股。



All pay 10 sen to convert ICPS into VC common share

Posted by 5354_ > 2020-04-11 10:53 | Report Abuse

Should be bought at 15 sen but convert at loss.

Posted by sammmy > 2020-04-11 11:20 | Report Abuse

Read what newbies share last night. He answered all the question.

Posted by kuaTAKtahu > 2020-04-11 12:19 | Report Abuse

VC now is a net cash company ?

Posted by Skng Keong > 2020-04-11 13:01 | Report Abuse

How much net CASH???....

Posted by sammmy > 2020-04-11 13:22 | Report Abuse

according to the latest announcement from Mr goh, Vc has 53M of cash

Posted by Skng Keong > 2020-04-11 13:50 | Report Abuse

THANKS

Posted by Reap88 > 2020-04-11 14:14 | Report Abuse

I believe Dato must have some plans in mind. Otherwise will not buy 90m shares of VC. Don’t think he is the type to just play play for quick profit. CSY & other partners also will not convert so many VC-PA & lose money for no reason

Posted by CharlesT > 2020-04-11 14:25 | Report Abuse

Say 90m at 5 to 6 cents is abt 4m+ to 5m+..small money to him lah

C whether he got any plans for this co or just for a quick trading gain..

Dont know his style yet

Posted by CharlesT > 2020-04-11 14:28 | Report Abuse

Anyway the massive conversion of PA into mother share is highly unusual too..

As i repeat many times here as long as its above 8 cents the momentum is there...

Posted by CharlesT > 2020-04-11 14:34 | Report Abuse

Surprised to note that some recent PA conversion is made by cash io 3PA into 1 mother...the current paid up capital of 738m shares as at 10 Apr tells so

Posted by Michael Kwok > 2020-04-11 15:02 | Report Abuse

Madam Chan own at most 47 percents after conversion of preference shares based on number of shares 738 million.

Posted by sammmy > 2020-04-11 15:12 | Report Abuse

charles and kwok. madam using 1icps +10cent method to convert. and she still holding 200M icps. if she convert using that method again 200M ordinary for her again.

Posted by sammmy > 2020-04-11 15:13 | Report Abuse

and the PA trading at 0.025 is low. can buy some and keep. if the price shot up 0.15 cent you make a double

Posted by CharlesT > 2020-04-11 15:13 | Report Abuse

Sammy care to share how u know so?

Posted by sammmy > 2020-04-11 15:14 | Report Abuse

ok sure

Posted by sammmy > 2020-04-11 15:14 | Report Abuse

https://klse.i3investor.com/insider/director/0060/10-Apr-2020/148385_1334659973.jsp

you read this. is icps owning 52% not ordinary yet

Posted by sammmy > 2020-04-11 15:15 | Report Abuse

this company allows 1icps +10cent to convert.

Posted by CharlesT > 2020-04-11 15:16 | Report Abuse

Did they mention whether they converted 3PA into 1 mother share or 1PA+0.10?

Posted by sammmy > 2020-04-11 15:16 | Report Abuse

so dato is fighting against madam. otherwise madam wont desperately convert it and using another 10M to create more ordinary share

Posted by sammmy > 2020-04-11 15:17 | Report Abuse

CharlesT Did they mention whether they converted 3PA into 1 mother share or 1PA+0.10?
11/04/2020 3:16 PM

no. that's why we dont. and the term has state in the report i guess. newbie found out it

Posted by CharlesT > 2020-04-11 15:19 | Report Abuse

224m of PA or mother share? 224m is 52.74% of total PA??

Posted by sammmy > 2020-04-11 15:20 | Report Abuse

yes icps

Posted by CharlesT > 2020-04-11 15:21 | Report Abuse

Lets say if u assume Chan owns 224m Pa which is 52.74% of total PA..then total PA is ard 400m+ now?

Posted by CharlesT > 2020-04-11 15:25 | Report Abuse

Assuming the total PA is ard 400m+..that meant a lot of conversion is made by 1PA +0.10 into mother shares lately..

A lot of extra cash has been pumped in to the co

Posted by CharlesT > 2020-04-11 15:28 | Report Abuse

As at Jan 2020 number of shares is ard 424m..now is 738m...a whopping increase of 314m..

Posted by sammmy > 2020-04-11 15:35 | Report Abuse

i bought some at 0.025 for PA, because they cannot simply pull the rm10M out, thats illegal.

Posted by sammmy > 2020-04-11 15:36 | Report Abuse

now still have 400M PA. madam 200M goh 110M. still got 100M from the market i guess

Posted by Michael Kwok > 2020-04-11 15:48 | Report Abuse

Many got confuse.Preference shares already finish.Done.Madam Chan 200 millions and Dato Neoh 50 millions all at 15 cents to convert 1 shares.Its means 750 million shares (5 cents) equal to 250 million shares(15 cents) ***talking bout preference shares.250 million preference shares conversion at 15 cents,250 million ordinary shares.

Posted by CharlesT > 2020-04-11 15:50 | Report Abuse

Dunno what cock u talk

Posted by FoolsGold > 2020-04-11 15:51 | Report Abuse

this has got to be the only potential MGO in recent times, whereby retailers get ample notice/publicity beforehand...
good thing i still wait at 10s...

Posted by Michael Kwok > 2020-04-11 15:53 | Report Abuse

Conversion is 15 cents not 10 cents plus the cost of buying preference shares.

Posted by CharlesT > 2020-04-11 15:55 | Report Abuse

2 ways lah

Posted by CharlesT > 2020-04-11 15:56 | Report Abuse

Simple facts also confused

Posted by sammmy > 2020-04-11 16:48 | Report Abuse

kwok. in this company. icps can be convert with 1 icps +10cent (cash) to get one mother share.

Posted by sammmy > 2020-04-11 16:49 | Report Abuse

or 3 icsp for one mother share, so with that. i am pretty sure this counter will fly above 20cent within a month. because madam want to get back her 10M cash

Posted by sammmy > 2020-04-11 16:51 | Report Abuse

CharlesT Dunno what cock u talk
11/04/2020 3:50 PM

dont be rude. many people dont know this company can convert in two ways. :x

Posted by sammmy > 2020-04-11 16:53 | Report Abuse

so in other word, the PA at 2.5cent is worth to buy to convert later at 15-18cents. earn a double

Posted by FoolsGold > 2020-04-11 16:59 | Report Abuse

Posted by sammmy > Apr 11, 2020 4:51 PM | Report Abuse

CharlesT Dunno what cock u talk
11/04/2020 3:50 PM

dont be rude. many people dont know this company can convert in two ways. :x

he tone down a lot already la... kikiki

Posted by sammmy > 2020-04-11 17:02 | Report Abuse

I know. can be better. we are all here to share information. that's all. not some promoter like johnchew89 haha

Posted by Keyman188 > 2020-04-11 17:27 | Report Abuse

Aiyoooo......I saw so many members here misleading about ICPS conversion until I tak boleh tahan to guide you all how to convert it


Assuming you have 300,000 ICPS, so what can I do ??

Option 1 :- Surrender ICPS

NO conversion cost involved, just surrender 300,000 share of ICPS into mother share, which mean you entitled of 100,000 VC share

(surrender cost only RM 20)


Option 2 :- Cash Conversion ICPS

300,000 x RM 0.10 per share = RM 30,000, after you pay this conversion cost of RM 30,000 then you entitled of 300,000 share of VC


** What happen if I don't want to do anything of this ICPS until maturity ???

Simple, at the end of maturity, all ICPS will be automatically surrender into VC mother share



^^^^So if you own ICPS, which option you more prefer for the current situation !!!............



@@@ The whole process (no matter Option 1 or 2), will take about 8 ~ 10 trading days & handled by Tricor Services (M) S/B (must submit the form as well)

Posted by Kanm100 > 2020-04-11 17:31 | Report Abuse

Key188, u look like know something abt this? Any news ?

Posted by sammmy > 2020-04-11 17:44 | Report Abuse

Keyman188

After this clear explanation, if there is someone still asking about the conversion of ICPS. Please go and bang the wall.