Orion is trading of 0.100. It is important to monitor for the price volume action near this 0.10 level to determine whether this support level will hold.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING ORION IXL BERHAD ("ORION" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN ORION ("PROPOSED PRIVATE PLACEMENT")
It depends on how much you believe their story.. ASAP, for a fact, was once a similar beautiful story promising success that enticed shareholders to pay over 20x above its accounting books. For the significant amount paid for, the profit guarantee remain questionable.
And the Angkasa story, does it sound familiar to the once upon a time ASAP story promising success, target the company to achieve certain milestones? The financial pipeline do not seem to add up when attested against the management earlier representations.
Hahaha.
NoPainNoGain Then queue buy at 4 cents..doomsday ahead. 04/01/2019 22:28
Probably gonna see some price support for a while....they want the private placement to happen, don't they? But they gonna work harder as, factually, is the same folks who did not deliver what they promised earlier and now asking for more money based on verbal promises (again).....remember the parable of the boy who cried wolf....hahaha :)
To price the private placement at 10 sen (illustratively)....hmmm.....akin to slapping down the promised value of the company? The 10m deal is meant to alleviate and not 'delleviate' the company, right? hehehe...
45AMG buy Q 11.5cts so big liao.. history will repeat? after lunch big Q gone in seconds..? 09/01/2019 11:43 09/01/2019 12:13 09/01/2019 12:30
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....
NoPainNoGain
1,018 posts
Posted by NoPainNoGain > 2018-12-27 14:44 | Report Abuse
As long the money not in our pocket yet, it is consider dead.