Posted by Reap88 > 2021-10-22 12:30 | Report Abuse

Not unreasonable VC TP as RM0.20 when the person who converted 60M already valued VC at RM0.195 (conversion fee already RM0.17 + RM0.025 purchase price for VC WC) Even at RM0.20 still below NTA. Hold tight your VC Don’t be in a hurry to take quick profit

Posted by Reap88 > 2021-10-22 12:37 | Report Abuse

The person who converted the 60M VC WC to mother would have paid up front RM10M as conversion fee. Don’t think anybody is that crazy to just throw away RM10M

Posted by Reap88 > 2021-10-22 12:49 | Report Abuse

The announcement of the VC WC conversion probably to lure out sellers for the person to collect even more cheaply from the open market

Posted by zhm540 > 2021-10-22 14:48 | Report Abuse

Rembember last year when madam converted her PA shares at 15s when mother only 8s? and now the price is only 9s or 2.5s before consolidation! look at history of this counter, full of scam. don't be trapped!

Posted by Reap88 > 2021-10-22 15:18 | Report Abuse

I remember the history zhm540. CSY convert her VC PA was to prevent NSK from a having a controlling stake in VC and probably as a back door listing. I think the scenario is now different. This party quietly collected VC WC and converted to VC to become the 2nd largest shareholder and in the process pump in RM10M as conversion fee. If you look at VC latest financial results the total assets is RM333M, At RM0.09 VC market capitalisation is only RM65M Even at a TP of RM0.20 VC market capitalisation is only RM145M. Maybe VC offshore money broking licence if still in force could be attractive for a take over bid

Posted by hck1981 > 2021-10-22 19:00 | Report Abuse

Confirm the converter into mother is not CSY as she ready sold out all WC according to the bursa announcement !

Posted by hck1981 > 2021-10-22 19:01 | Report Abuse

let we analze

Posted by hck1981 > 2021-10-22 19:02 | Report Abuse

(1) Already confirm converter into mother share not CSY, and is another person with RM 0.17 charges...around 0.20

Posted by hck1981 > 2021-10-22 19:05 | Report Abuse

(2) that person or financial company sure cannot be higher shareholder to control VC due to CSY now quantity still highest compare qty convertion

Posted by hck1981 > 2021-10-22 19:08 | Report Abuse

(3) All this must have related to 3 Nov 21 Extra General Meeting to vote for Private Palacement approval 40% extra share !

Posted by hck1981 > 2021-10-22 19:09 | Report Abuse

(4) now 2 cases may happend !

Posted by hck1981 > 2021-10-22 19:13 | Report Abuse

Happend 1: This 2nd new shareholder will use their power to denind the 40% private placement at EGM

happend 2: This 2nd new shareholder will accumulate more share to take over (control) VC

Posted by hck1981 > 2021-10-22 19:13 | Report Abuse

Between the war 2 side sure will push up the stock price !

Posted by Reap88 > 2021-10-22 21:44 | Report Abuse

hck1981. The new 2nd largest shareholder must accumulate more shares than CSY to prevent approval of 40% PP. Otherwise spending RM10M for conversion will be wasted as PP will dilute the person shareholding. CSY holds 177M which is 24% of 726M Not too difficult to pick up another 150M from open market as free float easily 450M. Assuming price chased up to RM0.12, for 150M will only cost RM18M. If can spend 10M for conversion I believe should be able to fork out another RM18M-RM20M to gain controlling interest It is to our interest to attend EGM to vote out the 40% PP. Otherwise our small stake will be diluted even further with PP being placed out at price much lower than most of our holding cost. Every vote counts!!!

Posted by Reap88 > 2021-10-22 22:54 | Report Abuse

After the Teoh family took over MSCM and changed name to Hong Seng the price has appreciated to over RM3.00 Hong Seng market capitalisation grew to a RM9B company. I hope the party that converted the 60M VC will be able to take controlling interest and transform VC to even greater heights just like Hong Seng.

Posted by hck1981 > 2021-10-22 22:55 | Report Abuse

i believe is one of the main shareholder....but may be not 2nd shareholder....thus now he/she or the company thouuhh the WC convertion and open market to accumulate more share to be more voting power !

Posted by hck1981 > 2021-10-22 22:57 | Report Abuse

Thus, if he/she or the company wish to accumulate more share, he/she or the company need to push up the price slowly slowly...

Posted by hck1981 > 2021-10-22 22:58 | Report Abuse

Monday will suddently up to 0.11....then follow by 0.13, then 0.15, then 0.18, then 0.20....

Posted by hck1981 > 2021-10-22 23:35 | Report Abuse

i agreed to you, Reap88.....lets support to other person like Teoh family

Posted by fl888 > 2021-10-23 19:57 | Report Abuse

Speculating…..could be rumours of big ventures like taking over SJ Securities, 5G business, digital banking,etc i..hopefully…

Posted by fl888 > 2021-10-24 21:10 | Report Abuse

This Guy converted 60,704,100 WC to mother at total cost of about RM11.8….now worth about RM5.46 million…..loosing about about RM6.34million within 3 days….with RM11.8 million can easily acquire about 1.31 million Mother shares at 9cts….this Guy got too much money until do not know how to use …….

Posted by fl888 > 2021-10-25 09:07 | Report Abuse

Should break 10cts today ?

Posted by hck1981 > 2021-10-25 09:08 | Report Abuse

this guy have plan...future plan...
some is coming....

Posted by hck1981 > 2021-10-25 09:19 | Report Abuse

zz

Posted by hck1981 > 2021-10-25 09:21 | Report Abuse

do u think the guy or company will no plan to do expensive convertion ?

Posted by hck1981 > 2021-10-25 09:21 | Report Abuse

sure no...the guy or company have big plan

Posted by hck1981 > 2021-10-25 09:21 | Report Abuse

Sure big big plan to control the company !

Posted by hck1981 > 2021-10-25 09:23 | Report Abuse

they already count....even they want buy from open market still no enough stock....thus they must buy from convertion....

Posted by hck1981 > 2021-10-25 09:23 | Report Abuse

now next step is slowly slowly buy from open market !

Posted by j450n > 2021-10-25 11:31 | Report Abuse

what is VC main business now?

Posted by fl888 > 2021-10-25 14:00 | Report Abuse

Boardroom Tussle to replace MDm CSY and certain Directors will be good play for Vortex…

Posted by hck1981 > 2021-10-25 19:30 | Report Abuse

any body can explain whats the meaning of latest announcement from VC at bursa announcement ?

Posted by hck1981 > 2021-10-25 19:30 | Report Abuse

please !

Posted by Reap88 > 2021-10-25 19:39 | Report Abuse

Board Room tussle is on. Today VC announcement CSY gave notice of intention to deal in VC & VC WC (Do not own any VC WC Have sold all ) & CPH intention to deal in VC, warrants & ICPS although currently do not own any. Looks like CPH intend to buy VC, VC PA, VC WB. VC WC, with intention later to convert to VC,

Posted by Matbelia > 2021-10-25 20:04 | Report Abuse

Is that perhaps a good news?

Posted by hck1981 > 2021-10-25 20:12 | Report Abuse

oh....war want to controll the VC is coming !

Posted by hck1981 > 2021-10-25 20:14 | Report Abuse

CSY and another side now starting war to accomulate more share !!!

Posted by hck1981 > 2021-10-25 20:15 | Report Abuse

sure the price will push up...tomorrow should be 0.13

Posted by Reap88 > 2021-10-25 21:10 | Report Abuse

Changes in substantial shareholders of VC-PA, VC-WB & VC-WC I believe need not be reported to Bursa. Only need to be reported in AR. This may be the hidden trump card to be played only when needed. I expect VC-PA, VC-WB & VC-WC that has been ignored will come into focus now

Posted by hck1981 > 2021-10-26 00:13 | Report Abuse

the points is why have people want interest to WC which later convert to mother VC share for RM0.17 ?

Posted by hck1981 > 2021-10-26 00:14 | Report Abuse

this is due to they can have more VC mother share if convert from WC...

Posted by hck1981 > 2021-10-26 00:15 | Report Abuse

but why they want more mother VC share ?

Posted by hck1981 > 2021-10-26 00:16 | Report Abuse

this is due to they want to full control VC company which already undervalue !!!

Posted by hck1981 > 2021-10-26 00:16 | Report Abuse

what is actuall reasonable value VC ?

Posted by hck1981 > 2021-10-26 00:17 | Report Abuse

the answer is RM0.40

Posted by fl888 > 2021-10-26 08:18 | Report Abuse

With 24.14% now, will CSY & CPH pump and dump VC to retire or collect more VC all the way,to 15cts….?

Posted by hck1981 > 2021-10-26 09:10 | Report Abuse

thats why no see who accumulate more VC mother share before 4th Nov EGM ?

Posted by fl888 > 2021-10-26 09:11 | Report Abuse

The Game of Throne is on….What the game and WHO will sin ?

Posted by hck1981 > 2021-10-26 09:11 | Report Abuse

only 1 way they can do is to buy at open market with push up price....but may still lower than convertion 0.17 lah

Posted by hck1981 > 2021-10-26 09:12 | Report Abuse

thats why 1st residance is 0.20 first !