Price sink or up not because ikan bilis retailers like you and me can control. We are just riding along with syndicate for the crumbs. Esos at 50% discount is a fact regardless whether T&C or not. So just take note when you trade.
I was expecting closing at 0.37 which is bad already from high 0.40. Like someone commented earlier, 0.36 close is hitting below the belt and that's really reinforced K1 bad reputation of pump and dump.
When got such a huge number of ESOS (6 %) to be added up to the number of share floated in the market. We should expect the price of the share should be reduced as well. The price should be 0.34 after the listing of the new shares
Generally, employee stock subscription rights will have some conditions to prevent a large amount of selling pressure, which means that it will attach conditions that the subscribed stocks will not be sold or converted until a period of time in the future, or that it can be sold or sold in the next few years on average. Convert a few percent. This additional condition depends on the individual company.
34 mil share of ESOS is the biggest ESOS allocation in K1 history. Watch out. Could be another good way for the big boss to exit.. N say goodbye. My friend said they can sell the share on monday without any restriction. Got another anouncement in Jan. Good luck
If Lalam2017 friend who works in K1 confirmed he can sell his Esos on Monday, why are supporters still trying to deny or overlook this? So that K1 price will not drop again and tp out of reach. Face it K1 is a true weak laggard whether HC or Tech viewpoint which I have monitored price pattern everyday since March 2020. Good for pump and dump which you can make some money if you follow syndicate style.
By the way, happy new year 2021 to all K1 forummers regardless what view you hold of K1. For sure CEO and staff gonna have a better new year than all of us. Cheers!
Happy new year 2021.Yes they can sell at anytime as they wish. The BOD is crazy, where got people release the 34mil of shares under ESOS at one shot. The company still got 51mil cash reserve and never give the dividend to the shareholders. Dont be surprised, if the rm51mil is utilised in share buy back.
Yesterday K1 released 1 good news to push up, then afternoon 1 Esos bad news to bring it down. Must tread carefully this stock not knowing what other surprises they might unveil later
The BOD r crooks. The Rm51 can be used to buy back their shares. They should allocate that 34mil shares under right issue or private placement but not under ESOS. No progress for the sales of nasal swab, ventilator, syringe cap and vaccine.
Hi All, Good Afternoon, It be quite a while since my last posting in early Sept, 2020 and now we are in 2021. In my last few posting, I have mention that, look beyond Q2 in year 2021, and I have been collecting when the price drop below 0.35 and hope it hit my TP in year 2021.
As for ESOS issue, under Rule 9.19(51) ACE Market Listing Requirement, the approval Date of Offer on 13/3/2017 and expire on 7/3/2022 of 130 millions @ 0.165. Out Of the 130 millions, the Director's was offer 29.5 millions (namely, Lim Beng Fook (13 millions), Lim Soon Seng (13 millions), Bjorn Braten (1 million), Goh Chong Chuang (1 million), Loi Kim Fah (1 million) and Anita Chew (500,000), and the balance 100.5 Millions are for the employee's.
For the Director's of 29.5 Million's the vesting period's are 25% (2020), 25% (2021) and 50% (2022)
On 13/1/2018, 8 Million's @ 0.19 issues and the vesting period's are 25% (2020), 25% (2021) and 50% (2022).
On 10/7/2018, 3 Million's @ 0.19 issues and the vesting period are 30% (2018), 20% (2019), 20% (2020), 30% (2021)
Base on 31/12/2020 announcement of ESOS ( Exercise of Option to Subscribe) of 33+ Million's offer to Director's and employee's, there were be vesting % and year. Lest look out for further announcement in the coming days.
Please bear in mind that ESOS is created to recognise past contribution, to encourage better future performance and contribution, to motivate and encourage, retain employees whose services are vital to the operations and to reward the eligible persons by allowing them to participate in the Company’s.
Jameswong, no I don't think he is a god.. But if his intention is to create a fear factors, I want to say to him karma will get him sooner than he can expect...
Honlee and Jameswong, I got no such power to influence the price of K1. Pls dont be childish. You should put the blame to the BOD who had approved the 34mils shares of ESOS.
If the effect of awarding employees at > 50% discount market price means depressing the price price further until 0.36 (which you guys claimed is Lalam2017's fault), then something is wrong. Especially after announcing news earlier that pushed it to 0.40. Think of example Private Placement issued at such discounted price, would you not hentam K1 management?
If approved 2017, no issue with management. Still it's a price dampener news when share price was moving up nicely. Let's see if price will recover on Monday
IMO, without the hard work of K1 employees, the company would not be able to transform from hand phone accessories business which have China as a cheap and tough competitor to health care business. No doubt the share price will be damper when they reap their rewards, but this is still their hard work which they deserved. Looking at long term, we will gain as this is the incentive for the employees to work hard for the company, subsequentky the share price will follow the value of the company.
Value investing or trading whichever you are, this counter has strong characteristics of pump and dump every time "good news" announced. That's why it is still hovering under 0.40 and could not sustain or breach new high. Insider, syndicate, shark, operators all have a hand in it. Retailers no impact on price whether you support or hentam it.
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Posted by limitupmeh > 2020-12-31 19:24 | Report Abuse
lalam, mesti ada punye T&C. mmg la tak show. backend proses ape you tahu