I already told before why the subscribers to subscribe at 2.5c where they can get cheaper price at the open market, with 3 months performance even 1.5c also possible to get. Cannot brain lah gais.
I see more punters bought 2.5c, thinking they bought at the same price as the ESOS / placement, but then I give it a second thought. If so many punters manage to buy at 2.5c, who are the sellers?
Will the big shareholders sell to you guys now, then another big round of placement at 1 / 1.5c? Just like what NetX did. Work out the maths. 1.5c is 66% discount from the current 2.5c.
If you study the latest annual report, nobody was effective controlling the listed company. After the ESOS / placement, the syndicate controls almost 35% again & definitely more if proxies are counted in.
NetX was at a bottom rock. But it further fell in march was because of market fall sentiment(covid, gov) , despite Netx wasnt able to provide better QR results for past quarters.
DGB also had its fall significantly with the same reason, bad QR, market fall sentiment.
Will both NetX or DGB go up? Yes, provided QR should be better, and yes it is getting better, just havent struck profit. Or maybe can go up from some magic news comes out.
Can DGB go lower like NetX March fall? No, unless next QR gets bad and some bad sentiment happens. But im prone to say no because the current QR is getting way better. Unless accumulation had its target of lets say 80% of total shares. Then its a long drama to go.
Why was there no huge substantial shareholders in current Annual Report? Yes i found that also funny reading the AR. But if you follow up the stock, the stock has been changing hands(need to monitor everyday to see difference between big sell off and changing hands). So most probably there were someone big taking it after the big fall down, but dispersed it within collegues to cover up the real person in AR, thats why theres 2 huge periods of volume before 19 may. And right after the AR top 30 shareholder update which was 19may(check ar) , it changed hands back. Like last week i counted a sum of around RM3mill was changing hands from last two weeks friday(again, theres a diff between change hands and big sell off)
It was a big drama last week rite, after the big changing hands @0.025. Suddenly someone drop off one big amount @0.02. Then suddenly swing traders panicked and gradually queued to sell for 0.025 till today, saying QR will be worse, but end up QR was better. And last hour today 35mil units. Thats how accumulation strategy happens.
One other thing is funny, why the huge rush to change hands last week? Im not sure.
Anyway, just like other interlocked chinese directorate super penny counters(netx, mlab, sanichi, at, pdz and alot more) , the games the same and pretty easy... "Among the retailers last man standing is the winner. But all big guns are always the winner"
If pump and hold is not the kinda game anyone likes, better sell off and play with those 5% profit counters, dont get near these interlocked chinese directorate.
Today is the first day since MCO buying queue @0.025 is higher than selling queue @0.03.
If i were the big gang controlling, i wouldnt waste more time to accumulate more shares@0.025(after getting control more than half of the company) .
The only way rite now to take up the remaining retailers is byclearing up the 0.03 0.035 0.04. Then they are able to change hands between them and push as high as they want.
i rather buy in after 0.03 sell queue all clear, buy queue @0.025 suddenly surged up to million is a myst. It is really that much buyer or just fake queue to give confident boost to people have a go and buy 0.03
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....
Bullcoming
849 posts
Posted by Bullcoming > 2020-06-25 23:41 | Report Abuse
Wish this counter got RTO news like connect & MQ, price & volume both ballooning up.