Reap88- okay, I agreed that CSY might probably having the VC-PA at higher cost than 0.05 probably at avg 0.75-0.10. I believe Mdm Chan not getting so much VC-PA via open market, probably from VC-PR and/or excess application.
VC shareholders will entitled provisional ICPS right issue called VC-PR (listed and quoted for trade between 15-22 Apr'19) by 12 Apr'19. Anyone that interested can pay 0.05 subcription fee per share to convert to VC-PA. That's why I sharing you the link of VC-PR and you can see there's a 292M volume on the first day of trading.
All in all, there's 3 way for non sub. shareholder to get VC-PA 1. Subscribe via VC-PR (last day 29 Apr'19) 2. application for excess ICPS as transferee(s)/renouncee(s) (last day 29 Apr'19) 3. via open market to get VC-PA
5 mil - 0.065 5 mil - 0.060 5 mil - 0.055 5 mil - 0.050 5 mil - 0.045 5 mil - 0.040 5 mil - 0.035 5 mil - 0.030 5 mil - 0.025 5 mil - 0.020 5 mil - 0.015 5 mil - 0.010 5 mil - 0.005
If really Dato is bowing out, that will leave madam and her gang in control. however, madam and eugene also got no more money left they are losing money as well via ICPS conversion. So they will probably resort to using operators to push up the price later to recoup the losses.
As I said earlier, this stock going down same tactic played in January. From 8cent I already said don’t chase high. If you listen then good to you. If you don’t, then get burnt
I don't think it will go lower than 7s like last time as it will invite another attempt of takeover. Madam and her gang have to make sure all their money in this company not going to others.
CSY became largest share holder of VC-PA with the intention of taking board control someday. Her large holdings in VC/PA not in the limelight & goes unnoticed When NSK bought into VC. It forced CSY hands. Started to convert her ICPS to VC. CSY having invested so much to build up stake in VC-PA and in conversion will definitely not want to lose money. Will eventually control VC as tightly as MMAG. Trading by major shareholders must be reported to Bursa. Large volume last 5 days may not be from 4 major shareholders since no announcement
5 mil - 0.065 5 mil - 0.060 5 mil - 0.055 5 mil - 0.050 5 mil - 0.045 5 mil - 0.040 5 mil - 0.035 5 mil - 0.030 5 mil - 0.025 5 mil - 0.020 5 mil - 0.015 5 mil - 0.010 5 mil - 0.005
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....
Belisto Skrang
481 posts
Posted by Belisto Skrang > 2020-04-29 19:07 | Report Abuse
When QR result will out?