It's an open contract. Meaning It can go beyond 3 years. Niise can be completed by 3 years? The project stand to be cancelled more than anything. Iris cash flow issue. Sold 80% project and yet to get payment. The buyer also cash flow issue. Would government stand aside to see these frame unfold?
Blockchain act like a tools to attract investors? For sure yes. Blockchain already exist for many years. And going to be the future for the next decade atleast. True enough, we got no idea whether this blockchain going to bring in huge profit to Myeg or not. But with operations in Philippines going very well ( even better than Malaysia i think), and with extensions given to traditional projects, it will buy myeg time to build on the blockchain. The blockchain for China custom already started operational this month..we shall wait and see.. and ofcourse the national blockchain with the Mou signed with MIMOS. If they managed to build that, all departments would integrate their systems into the blockchain too. Myeg future is on the blockchain. Niise will only define their share price in short term. Can you sure that Iris really capable of completing the whole project by 2024? I doubt that. If yes they wouldn't need to sell 80% off the project to get cash flow. What worse the buyer also can't raise fund to buy over that 80% project. 1B project sold for 70m? Sound fishy to me.
Since when big boss dispose 30m shares? 14.8m becomes 30m? And the big boss still holding more than 2B shares. So sell 30m ( actual 14.8m) can cause the price drop to 60sen.. wow.
Ya. Please go and check and show us better. Regardless how I read, 3rd May 14.8m shares disposed via business direct. Where is the 30m.
The big boss holding steadily above 30% shares. When did he run? But he is holding very close to triggering 33.3% general offer. Please watch the link below shared the previously.
It's true the big boss has been buying and selling all these years. But very small percentage. You know how to buy and sell, the big boss doesn't know? What more, his shareholdings always hold near 30%. Run? That got to be a joke right?
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....
Jaycee89
269 posts
Posted by Jaycee89 > 2023-05-12 14:35 | Report Abuse
Sell on news , the better choice