I do not recommend or go against . Since my holding here is peanut and i bought in cheap ,which i can just ignore whatever up or down here. I see Trive RI , if AT did not take up, it will be more lost , like those counter if we hold and they consolidate and issue RI and etc .. AT bought it in 2019.
Asdion , still new, i did not see what is Asdion value and how good this company is , but AT see diff. Maybe they foresee a need in a logistics arm or wanting to get into this biz. Will Asdion contribute a positive return ?? We have to judge ourselves.
AT Systematization proposed the VGO on Thursday, citing opportunities in the logistics business as well as the potential of a project development agreement signed by Asdion with Kingdom Infra Holdings Sdn Bhd to develop a support base in Tumpat, Kelantan.
Will this developement in Tumpat Kelantan able to turn around Asdion??
And when we buy in AT , we should know AT is not a glove counter . Glove is a just a part of it . AT can continues to boost it glove expansion or just enough as it current capacity and expand the biz directory
latest skim cepat kaya in bursa is by issue lots of shares to esos and private placement to raise cash to buy other companies' stocks at higher and sell at lower ?
AT main wayang la ...range will be 10cents to 15 cent next 5 years.. because it too damn heavy with 4.5 billion shares with low volume to move it upside to even to 20-25 sen. It nice to scalp for swing.
Problem is AT used the cash surplus to buy up Trive RI and Asdion shares, this will be a big loss of quoted shares again on next March 2021 QR report...that's why AT need more fresh funds like 1.26 billions Esos and later on share consolidation exercise plus RI with free warrant in order to buy another loss making company...pls be warned that Fintec loss RM 61 millions in December quarter due to the big loss of quoted shares...beware..
Glove already running la. Go check AT Facebook and see the tour video . They answered on EGM too, how many lines running and how many more lines soon complete and what the current and would be the total production capacity a year .. only question not ask is where the glove are marketed or sold . But again this probably will not be answer. Glove market although in high demand and short of supply for a year to come, but it still a competitive and small market out there (if not because of covid 19)
Gets global up 56cts..at.2.70 to go into glove business by acquisition of wrpc. But AT has been stuck in nowheres land.for so long Again, goes t show that gloves demands stil thriving!
Problem is AT used the cash surplus to buy up Trive RI and Asdion shares, this will be a big loss of quoted shares again on next March 2021 QR report...that's why AT need more fresh funds like 1.26 billions Esos and later on share consolidation exercise plus RI with free warrant in order to buy another loss making company...
Once Esos approved, AT management need to press down share price to attractive level for Mak and directors to buy up up to 50 % of the 1.26 billions shares issued, which is 630 millions shares, at the lowest possible price, like 0.05 to 0.07..
Now the ESOS failed ,so do the take over of Asdion . All this make possible becos of MUSTVOTE credit n retail investors initiative to safeguard AT . Now I can see light at the end of the tunnel
Directors cannot siphon money out loh!. Retail investors,Authorities & MWSG are monitoring like an eager eyes. The future of AT is bright now from today onward. Sybas! to MUSTVOTE
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....
JK22
1,789 posts
Posted by JK22 > 2021-04-12 14:37 | Report Abuse
I do not recommend or go against . Since my holding here is peanut and i bought in cheap ,which i can just ignore whatever up or down here.
I see Trive RI , if AT did not take up, it will be more lost , like those counter if we hold and they consolidate and issue RI and etc .. AT bought it in 2019.
Asdion , still new, i did not see what is Asdion value and how good this company is , but AT see diff. Maybe they foresee a need in a logistics arm or wanting to get into this biz. Will Asdion contribute a positive return ?? We have to judge ourselves.
https://www.theedgemarkets.com/article/asdions-share-price-shoots-above-systematizations-voluntary-general-offer-50-sen
AT Systematization proposed the VGO on Thursday, citing opportunities in the logistics business as well as the potential of a project development agreement signed by Asdion with Kingdom Infra Holdings Sdn Bhd to develop a support base in Tumpat, Kelantan.
Will this developement in Tumpat Kelantan able to turn around Asdion??
And when we buy in AT , we should know AT is not a glove counter . Glove is a just a part of it . AT can continues to boost it glove expansion or just enough as it current capacity and expand the biz directory