Look back and remember those names that aggressively promoted the stock as the price drifts lower and lower, before they suddenly disappear. They might be selling their own positions as they ask other people to buy. Do your own research to trade. Don't simply follow comments in forums.
There might be a second round of goreng for the second placement but who knows how low the price will go before they set the placement price and how high they will goreng the second round.
@bowls, see the announcement dated 21st December: Stock [TECHNAX]: TECHNA-X BERHAD Announcement Date 21-Dec-2020 Listing Date 22-Dec-2020 New type/class? No Type Private Placement Details Private placement of up to 236,461,500 new ordinary shares representing approximately 20% of Company's total number of issued shares to independent third party investor(s) No. of shares issued 100,000,000 Issue Price Malaysian Ringgit (MYR) 0.110 Par Value - 0.000 Total NOSH 1,537,951,697
Placement of up to 236 million shares, but they only placed 100 million, so there's another 136 million to be placed.
But there is probably more coming. Refer to EGM from September 2019 where they passed this proposal: ISSUANCE OF REDEEMABLE CONVERTIBLE NOTES (“NOTES”) WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150 MILLION
150 million at 15sen a share is 1 billion shares or almost double the current NOSH.
Also retail investors will be wary after first round of goreng. VWAP was stable around 15.5sen for 3 days so I'd expect a PP announcement of around 13-14sen announcement if this is the second goreng.
Narialse Also retail investors will be wary after first round of goreng. VWAP was stable around 15.5sen for 3 days so I'd expect a PP announcement of around 13-14sen announcement if this is the second goreng. 29/12/2020 9:55 AM
Posted by Narialse > Dec 28, 2020 8:05 PM | Report Abuse There might be a second round of goreng for the second placement...
------------------------------------------ This is THE ONLY chance for stuck"-ed" bulls @0.22-0.23 -- that the Jailed SIL would take advantage of penny-stocks-bull-run to suck as much funds as possible from this market --- there should be many more FAILED family/personal ventures to pump-into/float it into Technax
Injecting the FAILED/TROUBLED Chasewood/Teh-Tarek business (into the newly touted super-technolgical TECHNAX) only showed JAILED as blatantly hypocritical and corrupt business mind. Minority shareholders unfairly caught here ( in addition to shock announcement of PP@0.11 after pumping the price to 0.22)..
Even the most croocked old china-man of Huaan would deem it shameful to adopt this LOW-CLASS cheating tactic.
Also be ready for the cheap kompang-man to surface again and beating his nuisance kompang again...if & when tomorrow we see price crossing 0.18...
my perdiction: reach 0.23-0.25 before the New Year holiday , then PP announcement probably comes out by this weekend, or early next week, then share price free falls again :)
Posted by Narialse > Dec 28, 2020 8:05 PM | Report Abuse There might be a second round of goreng...
---------------------------------- The "2nd" round you suspect may be coming sooner.....
hinted by the pm 0.185 (0.005 higher than am 0.18) even though at a pittance volume of 2.3m (out of 478.0m now) -- a typical "hit & run" sign by a mousy&poor&smallcapital price/chart manipulator..
Expect the next few (T) hours to exceed this 0.185 to 0.19-0.20 --then we should see a "short-gun" ejaculation by the JAILED shooter... Beware!!
The “principals” would have collected enough for the push today. Volume have decreased last 4 days. Might indicate reduce sellers willing to let go at 14 sen. Last 4 days low volume
Look at how many cancelled orders today (yes, it’s a BIG indication of left-right pocket deals)
they are keyboard Gusan la nia ma. diu cant make money. only come here talk like share of God. This type of people will only buy bluechip. hello why come goreng counter here to talk about FA ? all is goreng la
Firas19 Exactly, dont talk all the bad thing about this stock after u sell all your stock and got profit from it.. it will bite u back later on... 29/12/2020 11:23 PM
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....
kabukiman
324 posts
Posted by kabukiman > 2020-12-28 16:45 | Report Abuse
kasi lem-pang sajalah