Better to avoid penny stocks that frequently issue new shares for private placement and esos resulting in multi billion issued shares. Eventually they will undertake share consolidation and rights issue.
Aware of rights as minority shareholder. Any action by directors to defraud, cheat or mislead investor should be reported to Minority Shareholders Watch Group at www.mswg.org.my or macc.
The new John Soh of Malaysia Kenneth Vun’s stock rigging scheme the last nail on his own coffin? How SC / PDRM / MACC / Singapore MAS probed, remanded, charged and confiscated Kenneth Vun Yun Lun + Mak Siew Wei RM2 billion stock rigging Syndication?
Eddie Chai, Kenneth Vun, Mak Siew Wei top 3 leaders. Maybe 10 years behind bar.
Others 5 more top nominees maybe 10 years. 50 smaller nominees easiest to crack. Haul in 1 hour tell all. Maybe turn witness 3 years. 200 churning nominees don't need crack. Who send money who open account, talk to who, all given, reprimand RM1mil each.
Victim investors affected easily 10,000 during 2019-2021. Pump toilet paper stocks maybe 30 stocks. Printed toilet paper pump up maybe RM10 billion dump RM2 billion. Cash RM1 billion pump 3rd round 10 stocks ESOS, Right Issue, illegal take out buying 20 stocks back to criminal pocket.
There could be a last PUMP before last DUMP. Watchout. 29/03/2021 10:32 AM 29/03/2021 12:43 PM
Need more people to submit complaint to MSWG for any suspicion of abuse of fund raising thru ESOS or PP and then followed by share consolidation & rights issue to raise more fund from shareholders.
Expand into gloves? Current gloves stoks are traded at very low valuation. Est any acquisitions or building of gloves factory will be at a very high cost. That's the objective anyway to deplete the cash. Goreng play potential but LT negative.
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....
gelong
1,737 posts
Posted by gelong > 2021-03-28 16:07 | Report Abuse
Ada chan......sekup