I have had keep track of Netx and now fintec, the write up/facts about these 2 companies look good but never going higher. Take for instance Netx, last 2 years it did went up to 7 sens but after that never and even not up to 5 sens, WHY ? Is it too much new shares issued or master goreng not interested in goreng these stocks????? In my opinion, not worth to give more attention.
I m newbie here. Under company announcements, I noticed a huge activities of surrendering or conversion exercise for irredeemable convertible preferable shares (ICPS) for last couple of weeks. Price of conversion is 2 nos of ICPS (which equivalent to RM0.16) to 1 no new share. Market doing now is RM0.045. Why? could someone pls explain. Thanks
(i) Investment in healthcare equipment manufacturing and/or trading business Fintec and its subsidiaries (“Fintec Group” or the “Group”) intend to utilise proceeds of up to RM5.0 million to invest in any suitable and viable potential business in the healthcare equipment manufacturing and/or trading segment. Amongst others, the Group intends to focus on the personal protective equipment (“PPE”) segment i.e. masks, gloves, face shields, goggles, gowns and shoes covers, amongst others. file:///C:/Financial/Financial/Fintec%20-%20Proposed%20Private%20Placement%20140520.pdf
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....
twl5137
65 posts
Posted by twl5137 > 2020-05-07 08:57 | Report Abuse
Will drop back 3.5-4 sen next week