Effectively no 2 to 5 controls 399,485,200 shares or 53%.
But if they use their shares to block (now with IDSS banned, they have to), it is the opportunity for Dato to reduce their shareholdings and buy at cheap price.
Cash RM37 million due to conversion alone makes it attractive for Dato to continue buying.
Effectively no 2 to 5 controls 399,485,200 shares or 53%.
But if they use their shares to block (now with IDSS banned, they have to), it is the opportunity for Dato to reduce their shareholdings and buy at cheap price.
Cash RM37 million due to conversion alone makes it attractive for Dato to continue buying.
Endless sell orders blocking at $0.09 . Any ideas who doing all the selling. Doubt still have so many contra players. CSY & partners selling at a loss?
Conversion of shares at 15 cents not 10 cents.3 shares(at 5 cents) into 1 ordinary shares.Madam Chan already have over 50 over percent shares if not executives director belong to her.
Believed today’s selling at $0.085 could be retailers who bought at $0.055-$0.75 on April 7-8. (T+5 & T+7 ) Price should stabilise. by Friday. VC TP $0.15 -$0.20 as MMAG now $0.22. Unlikely CSY & partners convert ICPS to lose money. CSY largest shareholder of MMAG/PA & MMAG-WA. Wil not cede control VC. More likely will convert or purchase more VC including VC-WB to tighten control now that Dato holds 120M
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....
hoyan3
53 posts
Posted by hoyan3 > 2020-04-14 23:09 | Report Abuse
tomorrow gap up open 10cent....might bull up to 11.5cents