Some people are picking up fast at 0.155 . When some people from this forum better sell now , will drop more …. we really need to be cautious of what he is trying to do.
RM10m lawsuit by former ASAP shareholder Orion was issued a writ of summons and statement of claim amounting to RM10.2m by one of ASAP’s former shareholders. This lawsuit should not impact Orion as ASAP owes Orion any shortfall to its 2-year RM15m profit guarantee when Orion bought ASAP in Aug 17. Our rating remains an Add; the potential short-term weakness may be an opportunity to accumulate the stock.
Plaintiff think that the management did a bad job and asked to regain control so that they can fulfil the profit guarantee for the second year. Plaintiff is claiming about 11 millions but not 15 millions, it may mean that Orion will include over 3 millions from the account of profit guarantee as profit for last quarter.
SuperKengReturns RM10m lawsuit by former ASAP shareholder Orion was issued a writ of summons and statement of claim amounting to RM10.2m by one of ASAP’s former shareholders. This lawsuit should not impact Orion as ASAP owes Orion any shortfall to its 2-year RM15m profit guarantee when Orion bought ASAP in Aug 17. Our rating remains an Add; the potential short-term weakness may be an opportunity to accumulate the stock.
profit guarantee only can be given if original owner really sure their biz is so good. Once a new owner in control, they can do what they think fit to do, and who is ASAP shareholders to question?
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....
KokManReturns
117 posts
Posted by KokManReturns > 2019-05-10 16:02 | Report Abuse
Chee buy, Chee Buy.........