Most companies achieved handsome results recently and tech stocks rallied. BOD should be sacked or rewamped if the company continue to be underperformed in order to boost investors confidence on MQtech business strategies !
stay away from this stock, the director esos at 0.15 then sell to market at 0.15, the money they used to subscribe will return back to them in the form of directors fee, the volume is fake to hide directors sells of shares, they use this trick many times already. Whatever price u buy , u can nvr able to sell even 1 bid above
They still have 1 more layer to play, then it will be share consolidation and same trick again, look at its share float, more than 70% sold to ikan billis, and related shareholders have to take up 90m shares before agm to ensure their resolution can be passed, these 90m is going to be sold to ikan billis very soon
Company need to be innovative with new leadership. New projects, new sales & lucrative divestment property investment will bring company shares up. Will Nurul or Zahid's daughter demonstrate ultimate leadership or just for name sake as a Chairman. We will know soon !
Share consolidation, issuance of right issues and warrants are just temporary to hold company breath. Poor performance company will slip into PN17 and delisted. Survival of the fittest for each quarterly and yearly performance or go bust to erase the company name from Bursa Malaysia !
roadblock at 1c... looks like market maker is forcing at 1.5c range.... upper baise looks possible... perhaps 3-4c range in mid-term duration..... stay tune guys....
Regardless rain or shine, up or down the market no significant move of this stock unless share consolidation due to huge queing. Share consolidation provide an opportunity for investors to play the wave, reduce corporation debts and another chance for stocks to rise again.
share consolidation coming.....then issuance of bonds, check background of this Triton capital, most of their profile are very problematic co. , jaks, ahb , knm etc, the fund manager are either super far sighted or something fishy there.....
After share consolidation, directors can start fund raising again via shares issuance to PP, ESOS or RI to increase NOSH to multi billion shares. Then repeat the process by doing shares consolidation again.
MQ TECH is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 7 June 2024.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
This is the reason why consolidation must be implemented asap. High queing for penny stock is illiquid. All jammed at 1c and 1.5c. As a results price not moving at all. Pray that Dato' will do consolidation asap then price will move up and down like a pro.
Unless Mqtech has a good initiative in today's digitalisation like Notion, JCY, K1, SNS. Apparently the company did not announce any company initiatives to spike the company shares up !
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Posted by Vicky > 2024-02-23 19:15 | Report Abuse
Most companies achieved handsome results recently and tech stocks rallied. BOD should be sacked or rewamped if the company continue to be underperformed in order to boost investors confidence on MQtech business strategies !