my tg supermax and kossan up 22cents, 36 and 19 respectively, then i bought AT bcz its low price and hoping it ll follow the big guys when glove counter going north...seems my prediction is going the opposite way.
Total share issued more than 4 billion and still issue new shares for esos and private placement. Next corporate exercise is share consolidation and rights issue to raise more funds from shareholders. Better stay away from this cheating company.
All the cash raised from share issuance will eventually disappear into directors pocket through various transactions that will appear legitimate and legal.
How to up , ikan bilis greedy want to buy big lot , then cannot hold then sell back lower. If buy and hold , how shark going to make sell high buy low ?
Dah awal awal.....a group of US...akak ex-Atians have been giving advise ( actually, tulan ) all current Atian, especially the arrogant Admin ATIaN.
asasri also senyap liao oskchoon fanatic earlier but change tone when it really downward trend until today price 9.5 cent....and missing from here liao.
One word....all Useless No Brain ATIAN do not deserve SAVING. i am sure all the tears also cry until no more.
At main sendiri sahaja, pagi sendiri kasi naik, sendiri rugi 1.5sen, petang 4.45pm, bagi turun balik 1.5sen. Ini dah urang beberapa bulan. Biasa mcm ni operator main sendiri. Investors dah tak beli. Kesian betul AT.
he Syndicates in Malaysia stock market is gaining momentum and out of hand, not only running out of stocks to churn out cash in public listed companies, but went hostile on many new public listed companies, such at latest AT Systematization Bhd (AT Bhd) on Asdion Bhd?
Scoping up new public listed companies shares, hype up Voluntary General Offer (VGO) and later use their cash in existing public listed companies to buy their own shares in other new public listed companies, becomes a flood gate in Bursa Malaysia. Malaysia financial daily The Edge did 3 special coverages on the same “mastermind” pin pointing the problem in the system in September 2020 and recently 2 articles in March 2021.
The questionable abuse of “hostile ruling” by using “investment in other public listed company shares” as proof of fund for such scheme, raise eye brow in the capital market, questioning the out-dated rules and flaws in the regulatory system. If The Edge investigation is true, the Syndicates repeatedly pumping cash to print new shares and subsequently taken out the cash buying related party shares is indeed left unchecked, the get rich quick money game of Bursa Malaysia might create a bigger issue in capital market.
To understand who is behind the scene is not rocket science. Take the crown jewel of the Syndication, the tightly controlled Focus Dynamics Group Bhd largest 30 shareholders list which held 96.367% as of latest Annual Report 2019 for example.
The suspected mastermind early days shield were namely in offshore accounts such as Credit Suisse Group AG (HSBC Nomminee(Asing) Sdn Bhd), UBS Group AG (Citibank Nominee (Asing) Sdn Bhd), split holding under other nominee accounts such as Maybank Kim Eng Securities Pte Ltd, CGS-CIMB Securities (Hong Kong) Limited, Barclays Bank PLC, and, DB (Malaysia) Nominee (Asing) Sdn Bhd– Exempt An for Nomura PB Nominees LTD.
Obviously the related parties are within the list of shareholders in Focus Dynamics Group Bhd, namely “Sanston Financial Group Limited, Lazarus Securities PTY LTD, Carol Vun On Nei, and of cause Mak Siew Wei” just to name a few obvious.
Sanston Financial Group according to Zoom Info Hong Kong authority record is a 9 staff tiny brokerage house with approx US$1 million revenue. The other vehicle Lazarus Securities PTY LTD was the off market transferee from Sanston Financial Group of the Asdion Bhd shares to camouflage the trail that Sanston Financial Group is indeed a major shareholder of AT Bhd, potential in breach of related party transaction. Carol Vun On Nei is the sister of Kenneth Vun Yun Lun, while Mak Siew Wei is the best actor acting in concert with the suspected mastermind.
The crunch came when the Syndicates cornered and pumped Focus Dynamics Group Bhd shares to ultra-inflated value of RM3 billion (RM3,000,000,000) after series of share issuances, on a share price of RM0.50 and NTA of RM0.0281. Cashing out through “divestment” of 1,605,197,076 shares to FINTEC GLOBAL BERHAD (through Asiabio Capital Sdn. Bhd.). To recap, Fintec Global Bhd did series of share issuance and money pump into FIntec Global Bhd is handsomely taken out through the same modus operandi. As of latest quarterly report, FIntec Global Bhd has RM1.18 billion “Investment in securities” while cash and equivalent stood at RM117 million. How did Fintec Global Bhd shareholders approved a RM1.18 billion “investment” out of RM1.34 billion total equity? The investment decision of Fintec Global Bhd if not knowingly acting in concert with the investee (Focus Dynamics Group Bhd), must be the expert of all experts delivered RM800 million “capital gain” for 31 Dec 2020 results.
The RM3 billion Focus Dynamics Group Bhd “shell” is perfect for not only Fintec Global Bhd but “many other” potential candidates within the Syndication group of companies to cash out?
Obviously the Syndicates need to find more “public listed shares” to feed the greed engine which is out of hand right now. 16/04/2021 9:23 PM
They are purposely set up good business to attract investors later increased esos n pp. Now these counter already more than 4 billion shares n price is less than 10 cts. Focus more than 6 b n price slowly going down n AT already more than 4 b shares. Mau naik pun susah
There are news said Mahsing group also venture into Glove market and currently 3 production lines are up, thus, immediately Mahsing share shoot up 0.045 cents on last Friday and maybe to be continue uptrend next week. AT? more than 3 lines now? share price still going down not on uptrend yet? ....hehehe............
Mahsing did not print a lot of stocks and sell to market. 3 lines stock price can double. AT print a lot of stocks and sell to you. 300 lines stock price also coming down.
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....
Josh72
102 posts
Posted by Josh72 > 2021-04-15 14:22 | Report Abuse
my tg supermax and kossan up 22cents, 36 and 19 respectively, then i bought AT bcz its low price and hoping it ll follow the big guys when glove counter going north...seems my prediction is going the opposite way.