A two-word tweet from Elon Musk sent a 60-cent stock nova, surging 5,675% in just four days.
The only problem? It’s the wrong stock.
After WhatsApp said it would share data with Facebook last week, Elon tweeted “use Signal,” referring to the secure messaging app used by journalists, extremists, and anyone who doesn’t want the governments of the world peepin’ their spicy homebrewed memes.
Investors clambered over each other to pack their dough in a stock publicly endorsed by the richest man in the world.
But Signal isn't a publicly-traded company. It's entirely funded through a non-profit organization.
So, what are all these folks investing in?
Signal Advance is a small component manufacturer, unaffiliated with the messaging app, with only one full-time employee. It’s now worth $3.1 billion.
Members of the media have reached out to that one guy who works there for a comment, but he’s probably hiding under a desk somewhere, sweating more than he’s ever sweat in his entire life.
After four days passed and investors were still throwing money at this one guy, the Signal messaging app took to Twitter to say “lol, that’s not us.”
Downloads of secure messaging apps like Signal and Telegram have surged since WhatsApp changed its privacy policy last week and said it would share data with Facebook.
Signal saw 43 times the number of downloads last week compared to the week previous, according to Sensor Tower.
General Tan Sri Dato’ Sri Hj. Suleiman Bin Mahmud RMAF (Rtd), Mejar Dato’ Ismail Bin Ahmad (Retired) and a Professor Dr. Sureswaran Ramadass should be able to add value to "mlab" and send the share price higher. Connections + Knowledge = Value!!!!!
This sleeping giant should be awakened!!!!!!!!!!!!!!!
Itu victor yong sama dgn good123, sudah start dari dec ckp sini ckp sana... Tsunami la, kejutan la., pecutan la... Samakan mlab dgn netx la... Netx la pemegang terbesar... Lepas tu Credit suisse la diumumkan pemegang terbesar, skrg zoom pulak ni... Kelak mungkin tesla beli mlab ni...
@Good123 Berita baru sudah mau datang, sabar ya :)
OTHERS MLABS SYSTEMS BERHAD - DIGITAL DISTRIBUTION AGREEMENT WITH MTOUCHE INTERNATIONAL SDN. BHD.
MLABS SYSTEMS BERHAD
Type Announcement Subject OTHERS Description MLABS SYSTEMS BERHAD - DIGITAL DISTRIBUTION AGREEMENT WITH MTOUCHE INTERNATIONAL SDN. BHD. The Board of Directors of Mlabs Systems Berhad (“Mlabs” or the “Company”) wishes to inform that Mlabs Research Sdn. Bhd. (“Mlabs Research”), a wholly owned subsidiary of the Company, had on 19 November 2020 entered into a Digital Distribution Agreement (“Agreement”) with mTouche International Sdn. Bhd. (“MISB”) to promote, market, and distribute Novel Coronavirus (SAR-CoV-2) RP-PCR Detection and Diagnostic kit and Novel Coronavirus (SAR-CoV-2) lgM/lgG Rapid Test Kit, and other equivalent products in Malaysia and South East Asia Region only through Mlabs digital distribution channel.
MISB is a wholly owned subsidiary of mTouche Technology Berhad which the group is engaged in the provision of mobile value-added services and digital medial marketing to more than 40 mobile network operators, who are reaching out to more than 640 million subscribers throught its operation in South East Asia market and Hong Kong.
The Agreement is to a period of one (1) year, commencing on and from 19 November 2020, unless otherwise mutually extended or terminated. Either party may terminate the Agreement upon delivery of written notice at least 30 days prior to such termination.
The Agreement will not have any effects on the share capital and shareholding structure of the Company. However, it is expected to have positive contribution to the earnings and net assets of Mlabs Group.
Similar to all business entities, the risk factors affecting the execution of the Agreement, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the Agreement and will take appropriate measures in planning the successful execution of the Agreement.
The Agreement being incurred in the ordinary course of business, is not subject to the approval of the shareholders.
None of the Directors and/or other major shareholders of the Company and/or any persons connected to them have any interest, direct or indirect, in relation to the Agreement.
The Board, after due consideration, is of the opinion that the Agreement is in the best interest of the Group.
This announcement is dated 19 November 2020. 14/01/2021 8:34 AM
Considered lucky even suffered huge losses when cut on the last day before x rights .. and also lucky not to be sucked into buying the OR and subscribe to the rights .. otherwise die a few rounds already and now private placements cheaper than the bloody rights with the useless warrants. Best part, is the Mother Fxcxers sold big chunk of shares and all small investors are caught holding this stock.
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....
Fklim888
1,613 posts
Posted by Fklim888 > 2021-01-12 12:48 | Report Abuse
The worst and lousy stock.... after consolidation long time ago ???