one year ago people laugh when l say focus will up to $1 today l say fintec will over take focus.micael TOM laugh ask people go to bottom TOM TOM netx!
kkl123 one year ago people laugh when l say focus will up to $1 today l say fintec will over take focus.micael TOM laugh ask people go to bottom TOM TOM netx! 01/07/2020 5:04 PM
Fintec results only paper profit. Difficult to realise. If try to sell price of these shares will definitely drop. Keep on diluting shareholders equity due to frequent conversion of PA and numeroues schemes to raise capital via PP and employees share option.
On behalf of the Board, Mercury Securities wishes to announce that the Board has on to-date (“Price-fixing Date”) fixed the issue price for the placement of 100,000,000 Placement Shares, being the first tranche of the Placement Shares, at RM0.0535 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 9.93% to the 5-day VWAP of the Shares up to and including 30 June 2020 of RM0.0594, being the last market day immediately preceding the Price-fixing Date.
Very smart major share-holder in awarding cronies with pp at lowest possible price. All the loyal Fintec minor share-holders got cheated one more time. Nvr learn.
1. ORDINARY RESOLUTION Description PROPOSED PRIVATE PLACEMENT OF UP TO 282,144,000 NEW ORDINARY SHARES IN FINTEC, REPRESENTING APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF FINTEC, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER Shareholder’s Action For Voting Voted For Against No. of Shareholders 31 2 No. of Shares 93,575,900 895,300 % of Voted Shares 99.0523 0.9477 Result Accepted https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3065064
Sth is fishy in the timing of the price fixing exercise. The company is based on the weighted average prices of the past 5 market days just b4 the approval of the shareholders in EGM. If im not wrong, price fixing exercise should commence immediately after obtaining the abovementioned approval.
newbie5354_ AGM when? Not EGM PP 30%? 01/07/2020 3:51 PM
EGM. SORRY TYPO ERROR DUE TO SMALL SCREEN!
EGM FOR APPROVAL OF PP (30%) TO GO THROUGH. YES, IT'S PASSED WITH PP TO GO AHEAD WITH ONLY 2 VOTERS NOTED NO.
The voting session ended in less than 40 mins if not mistaken. I think whatever questions you have regarding Fintec and the subsidiaries , can be found in their reporting system.
No doubt, Fintec/ Asio Bio is an investment company, which owned only share equites, one thing I like about this company is THEY REALLY KNOW WHAT THEY ARE DOING!
It's only they go against your direction OR THEY GO WITH YOUR FLOW.
ACQUIRING COMPANIES THRU THEIR SHARES to me if a form of business too. Just like somebody said, Fintec is doing what Warren Buffet did. Bursa have no issue with them so why bother?
Smells fishy, newbie5354 has raised a very valid point. Why only 10% bother to vote while the remaining 90% not concerned about dilution of their shares?
zai, dont have high hope for this type of co , making 220 mil in one year yet still issue pp for 10 mil ....oh some more NTA 0.51. see this type of management still got hope ka . thats why it always stay at 6 or 7 cents only ma , can not move one
Only paper profit. If want to realise profit need to sell. When sell price drop as price increase could be artificial as few actual buyers. Was trapped last year being lured by the exceptional profit results and high NTA. Eventually more PP scheme results in more investors able to buy at cheaper price below holding cost. Expensive lesson learnt
sometime think of it as minority shareholder we cant do much as long as co do well and share price can move up , or pay some dividend also can . as investors we needed to make some money some how
Have to find out why they didn't sell off the paper gain to materialise the profit.
But they will answer you, " We are investment holding company. We will "invest" in these companies for long term to maximise the potential of the companies"
Daily8 you got ask why Fund raising never end? Komarkcorp insiders happily sell on loss QR why Fintec must buy? Why face mask business need Komarkcorp do not Fintec directly?Is it no factor y?
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....
newbie5354_
1,303 posts
Posted by newbie5354_ > 2020-07-01 15:56 | Report Abuse
Why Ms Lee h/phone(or Mlabs e-mail) no I received not i3 members?