Force selling + profit taking Gloves counters drove the klci lower by 6pts but Fintec remain very cool. Buyers still nibbling at 0.07 resistance. Poised to advance when contrarians are dead. Slowly but surely bro & sis ;)
weak counter no hope, good result and profitable co but poor management end up half dead share price. pl move to other stronger counters dont waste your time here
Every stock has it's trading characteristics. Focus up doesn't mean Fintec will follow suit.
Some suspicions Fintec is under UMA surveillance by Bursa. Fintec had been queried recently, yes?
Anyway big boys behind Fintec had been accumulating considerable volumes from sellers at 0.065 & 0.06 indirectly neutralizing those entries at 0.05 or lower. Obviously sending out warnings Take Profits Now or die standing later. Super volume were traded at 0.05 +/- last couple of days.
The Board of Directors of FINTEC wishes to announce that its wholly-owned subsidiary in British Virgin Islands, Fintec Global Limited, has initiated and commenced legal proceedings at the High Court of Malaya in Kuala Lumpur against Galaxy Group Sdn. Bhd. (“Galaxy”), in relation to the dispute arising from the Share Subscription Agreements (Subscription of Redeemable Convertible Preference Shares in Galaxy Group Sdn. Bhd.) dated 17 August 2018 and 11 September 2018 respectively (collectively referred to as “RCPS Agreements”). Fintec Global Limited has on 2 June 2020 e-filed its Writ of Summons and Statement of Claim at the High Court of Malaya in Kuala Lumpur against Galaxy and its directors wherein the total estimation of the claim is approximately RM5,456,000.00, excluding disbursements, interests and costs of the legal proceedings.
The Company will make further announcement as and when there are material developments in relation thereof.
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....
zhugel888
33 posts
Posted by zhugel888 > 2020-06-02 10:58 | Report Abuse
Force selling + profit taking Gloves counters drove the klci lower by 6pts but Fintec remain very cool. Buyers still nibbling at 0.07 resistance. Poised to advance when contrarians are dead. Slowly but surely bro & sis ;)