Pineapple123 is right. they already got their profit through their proxy.
I am not an insider so whatever i say can only be considered as theory. They wanna raise money thru RI because they wanna suck your money from your wallet. You may say they also need to put in the money themselves. Correct. But the money they are putting in likely to have come from sale of shares via their proxies. So effectively they are not taking any fresh money out of their wallet.
Fintec itself is also just a proxy from their grand scheme. You guys are right to ask why don't they sell some of their holdings & raise money from there so no need to do RI? But what you don't know is they have already cornered the stocks. Hence its easier to push the price up & down to their liking and continue to milk the public as long as there are suckers out there.
If they sell down their shares, 1) they will lose some control of the these companies 2) loosen up the grip of the shares on these companies which they have are cornered.
By doing what they're doing, they will continue to manipulate the share price of these companies, sell some growth stories and lure in new suckers after the old ones have lost patience & sold off. They keep a basket of companies so they can "rotate" and take turns to "fry" them, make money from suckers so it doesn't look so obvious, and once awhile suck in some fresh money too via RI. Keep doing this for 5-7 years the whole team can retire a multimillionaire.
Its a super smart scheme. If I have their kind of bullets and manpower, i would do the same.
Beware that there are very few individual holder owners in Focus Dynamic.
Don't be surprise that they use capital raised from Fintec RI and buy from those individual holder in Focus Dynamic at high.
Since Fintec are not selling their stake from Focus. Then, I guess the best way to cash out from Focus is to get Fintec to buy high from them. Just saying.
DONT BE THE FOOLS! HOLD THE SHARES LONG, THEY WILL MAKE SURE U TIRED AND SELL THEM CHEAP TO COLLECT. THEY LOVE TO ACT WHEN MARKET CORRECTION TO COLLECT YOUR TICKETS!
dont dream to become rich here....this share just to use ur money to invest others company for them to earn .....they are not interested to fry up tis shares at all which mostly hold by retailers fund......oredi repeated so many times but still ppl believe in this company....:)
Stock [FINTEC]: FINTEC GLOBAL BERHAD Announcement Date 28-Aug-2020 Type General Date & Time 30-Sep-2020 11:00 Depositor Date 23-Sep-2020 Venue Level 4, Menara Lien Hoe No. 8, Persiaran Tropicana, Tropicana Golf & Country Resort 47410 Petaling Jaya Selangor Darul Ehsan https://klse.i3investor.com/meeting/0150/28-Aug-2020/10276_3460743541.jsp
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....
King8888
245 posts
Posted by King8888 > 2020-09-09 01:09 | Report Abuse
Tomorrow go 20 cents all want ri