i didn't notice N2N do not have CFO until last week. so what ever this company are doing rite now are a step towards entering main board. one of the main board requirement is CFO position. not sure was a compulsory or a must, but for sure will smooth the whole process. so don't wait ,buy now or regret later.
remember QR is coming also.. FEB 19
highly recommend to buy ..
but of cos , bear in mind. boss control the price. so small fish like us just buy and keep for the good news.
speed123 sifu, very logical explanation, appreciated. If this QR (final QR for the FY ??) is good, it could be like FrontKH, surged like nobody business..hopefully couple with main board news, it goes to 1.40
WC Kok was working there for many years. He handles full financial functions. His boss promote him to be CFO, never indicate any sign of transfer to main board. This QR could be better than previous quarter, hopefully another 1 cent of dividends given
if as we guess : really good QR, plus the new promotion of FM to CFO, planning for main board transfer, opening of Asean markets with Japan & Australia partners and the new orders from the broking houses and banks to upgrade their backroom shares system, the TP should be above 1.40. Did you see any accumulation by insiders ?? Just look at the daily volume and trend..this counter is sleeping lar ..another months to wake up...sianzzzz
The prospects of this company are very good, except more relatives and families are running, whom may not be qualified at all. If not headed by relatives etc, it flies
The Board of Directors of N2N Connect Berhad (“N2N” or “the Company”) is pleased to announce that the Company had on 6 March 2019, entered into a Memorandum of Understanding (“MOU”) with SBI Holdings, Inc. (“SBI”) to set out the general understanding of Company and SBI’s intended engagement in a joint venture in the Asia Pacific region.
SBI is a substantial shareholder of the Company, holding 20.36% shares in the Company.
N2N and SBI wishes to jointly establish and operate a company that will become a holding company of operators of digital asset exchange for clients in the Asia Pacific region. Subject to further system, regulatory, legal, financial, accounting and tax, due diligence and consideration by N2N and SBI, N2N and SBI currently agree:
to form a holding company to cover formation of digital exchanges for all Asia Pacific countries (other than Japan), that will result in both parties’ holding equal shareholding in each digital exchange.
to contribute each of their expertise and resources to cause the holding company and each of the operators in the respective Asia Pacific regions (other than Japan) to be successful.
to enable N2N to invest in Global Max and to enable SBI to invest in Asianext.
N2N and SBI will create a team to agree on the details of the Joint Venture and enter into definitive agreements.
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....
Speed123
763 posts
Posted by Speed123 > 2019-02-15 08:29 | Report Abuse
now everything make sense..