Reply to Reap88 Good information on the scene behind VC Why CSY used PA conversion which is more costly, to out control NSH? May be not impacting the share price upwards. By pushing up the share price will also make NSH difficult to gain more control? May be Eugene and Choo are on the same side with her?
Reply to Chuah3434 EG should be same camp as CSY as EG company Pentagon Parade used MMAG Capital for financing of VC share purchased. Please refer to VC announcement 28 April
Reply to Chuah 3434 Not so easy to buy 300M VC immediately from open market . Hence no option but to convert from VC-PA Once announcement made to Bursa holding 300+M VC may discourage NSK takeover plans
reply to Reap88 If CSY and EG are in the same camp, both of them control about 25%. NSH about 14.8% Choo 12.6% 42% left in the market of NOSH 863m which is 414m shares In last 2 week, share price seem to be controlled by the sellers and don't seem to have any strong buying. Think the operators are squeezing the weak holders before next push.
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There is no way for Dato to have control of the board even if he buys all the shares in the open market as madam and her gang hold more than 50% and have the advantage of the unconverted ICPS. He cannot continue fighting in the losing battle and waste his time in doing so. So what is Dato next move? Option 1, sell and exit VC Option 2, become a slave to madam Option 3, be a passive investor
On the other hand, madam cannot afford to lose the share values (perhaps about RM 10 mill already) where she could use the share to pledge for margin financing.
Not likely to go back to $0.02. The drop in price is due to forced selling of pledged shares.! The play moving forward will be CSY exerting more control like MMAG. CSY having exposed her hand & spent so much to covert to VC will want to recoup her investment. It is a question of when. Agreed with zhm450 it would be in CSY interest to push up VC price to secure share financing to leverage her holdings
Reap88 if madam want to earn back the the 10M is it easy for them. They push down and accumulate at low price. And push up to 20cent. They made 10times of their money. Your money your call ok.
Please buy M-touch and wait.Set 6.5 cents for few days.If can't touch then buy at market price.Believe on me 50 percent of ur portfolio of Minetech.The others 50 percents on urs.Never believe 100 percent on people.Usually I tell people tht.
Just my 2cent view, I predict this counter will fall to 2cent again if klse fall below 1200point. As us Tariff threat is renewed. So for those who want to touch this counter it’s not time yet. Your money your call. Have a good trade for tomorrow
Agree with Michael Kwok VC is still going through consolidation and getting difficult to trade now Need to hold for short to medium terms Think something is cooking
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sammmy
1,170 posts
Posted by sammmy > 2020-04-30 21:57 | Report Abuse
Don’t touch this counter first. It may drop further. If it’s go back 0.02 then you can buy some for next goreng. Let’s see