@6222 agree with you. Its a shame and disappointment that after 2 good announcements (contract win and private placement with with free warrants), the price still comes down. You could be right, maybe insiders are selling or possibly because of a stale bull situation whereby a lot of people who are caught at higher prices cutting losses whenever the price goes up.
Be aware, in saw the news this company awarded 3.8bil sand contract, why nowaday con man like to play sand, since last year a lot of rubbish stocks also entering into sand contract,like Kanger, Pasukgb, Ages just to goreng the share price, if you see the price from the peak almost lost 50-70%. Dunno how many innocent retail investors trapped and bankrupt because of them.
If want to gain from building materials, better look for steady and credibility company like YTL, Humeind.
Always not enough money counter. Consolidation. Private placement. Free warrant. Convertion. More money in. Then right issues or private placement again.. Until billion of shares. Then of course repeating the whole process lah. Consolidation, private placement,....
Money not enough....lelong cheap cheap private placement, maybe seejovin, sahamking and ilovesaham should take up the private placement since three of them are strong believer of this con counter !
@shortinvestor77 this is why company trying hard to be listed on exchange. Also why most ppl like NESTLE or PBBANK they do less of those stuff you mentioned instead they pay you money. :)
MULTIPLE PROPOSALS VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT; AND II. PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Description: VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") I. PROPOSED PRIVATE PLACEMENT; AND II. PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of Vivocom ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") wishes to announce that the Company proposes to undertake the following corporate exercises:- (i) a private placement of up to 10% of the total number of issued shares of Vivocom ("Vivocom Share(s)") to third party investor(s) to be identified later ("Proposed Private Placement"); and (ii) a bonus issue of up to 371,773,359 free warrants in the Company ("Warrant(s) F") on the basis of 1 Warrant F for every 3 existing Vivocom Shares held by the entitled shareholders of the Company on an entitlement date to be determined and announced later ("Proposed Bonus Issue of Warrants"). Further details on the Proposals are set out in the attachment enclosed.
This stock a lot ppl got bad memory being screw up many times, screw up deeply n badly. This time no diff, before announcement move up a bit, after announce sell down typical insider
The price wont move until the PP is set and done but at least we know the PP at RM 0.98. Secondly if this counter limit up on Monday and Tuesday then me will be even worry as it just remind me how this counter limit up and limit down in very short timeframe.
Slow and steady will be the best and let the profit and projects determine the share price....
Offer offer , buy all you can bull... up sell... that’s it.. when the moment talk any good news is the time for you to sell.. don’t care any AP lah ,sand project lah, among us no point argue.. important is you must accept the fact of vv style. Make Money for you own pocket is the most important..
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....
6222
344 posts
Posted by 6222 > 2021-03-03 15:24 | Report Abuse
Even lousy co giving free warrant, price will move up. Vv worst than that.