Facts should be they approached private investors for money so that they can go into all these new ventures. Investors obviously not impressed by what they saw from the management and refused to agree to lock in period. Board desperate so they procede with PP. At the same time, as soon as the PP price has been decided using three days vwap of the share price, someone, don't know who la but use your logic to figure it out, goreng the price to attract retailers. After goreng a few days and the price more than doubled, they announce PP the very next day at low price. As soon as shares masuk account, they dispose. Some more the management won't tell the public who received this PP and probably public will never know because they will dump everything before they have to declare they are significant shareholders.
If it does eventually come out that the PP holders did become significant shareholders and didn't sell, I will have a lot more confidence in the company, but I doubt that is the case based on today's volume.
The companies ABUSE this PP thing by issuing to favoured parties at a super low price so that they are almost GUARANTEED fat profits when the shares are listed. Is this bribery???
Anyway you see Jared Lim's track record. Before this you can believe that maybe he's really an innocent victim in asiasons. But now, if I was holding country home shares, I'd be looking to dispose.
Anyone thinking about entering needs to consider the timing of the goreng; just after the PP price had been set, and then the timing of the announcement of PP; half a bloody trading day before the PP took place and then ask themselves is this a management that has the shareholders best interests at heart?
Then I don't know what personal relationship Jackkin has with Jared Lim but I know the PP investor has inside knowledge of the company and it looks like he dumped his shares as soon as he could.
The management will need to pump and dump a few more rounds for their private placement so sure got more goreng coming. Question is from what price will they goreng again and will retailers continue to rush in to get slaughtered like the last round.
If nge nge want to gamble here wait for 3 consecutive days below 13 Sen lo, maybe they will try to PP at 11 and goreng again. I doubt it though unless they really think retailers are that dumb to kena tipu twice in a row.
If it can hold 14-15 for another day (tomorrow) I will consider going in, probably means another round of PP. Don't know if they really believe they can goreng above 20sen to trap people again though.
Notice of Person Ceasing (Section 139 of CA 2016) Particulars of Shareholder Name : LIBRAN INFINITY INC NRIC/Passport No./Company No. : 1994311 Nationality/Country of Incorporation : Virgin Islands, British Address: 80 Main Street, PO Box 3200, Road Town, Tortola, VG1110, Virgin Islands,
British Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 22/12/2020 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 18/12/2020 Disposed 0 -
Notice of Person Ceasing (Section 139 of CA 2016) Particulars of Shareholder Name : LIU GUODONG NRIC/Passport No./Company No. : - Nationality/Country of Incorporation : China Address: - Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 22/12/2020 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 18/12/2020 Disposed 0 - Circumstances by reason of which change has occurred: Cease to be substantial shareholder due to the dilution of percentage of
shareholding to 4.8116% based on the enlarged issued share capital of
1,537,951,697 ordinary shares arising from private placement
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....
siduit
188 posts
Posted by siduit > 2020-12-22 16:55 | Report Abuse
use as much logic as possible!!