until the 10% is taken up the price would not fall below 40 sen; thereafter the price movement depends on the quality/caliber of the subscriber(s) and benefits that would derived from the subscriber(s)
Likely RM0.4 to RM0.6. Since support level at RM0.4 is strong, moving up is inevitable. Whoever is taking up the 10% PP, will not look at the 4 cents difference. Hopefully it will be someone like Foxconn.
Agree. DNEX is clearly in play and not for 4 cents. Actually it has always been in play. Push up distribute all the way down and the flash crash in Jan. Now barring a broader market crash, it doesnt look like the right time to push it down again. Maybe it's a better time to push it up and distribute
Private Placement No. of shares issued under this corporate proposal 31,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.3600 Date Announced 14 May 2024
Hard to tell what's DNEX's game plan. Are they selling or buying now? 40cents is the battle ground. Washed down picked up, picked up washed down. It could well go either way
Applying tariffs to imported goods in order to protect a domestic industry is straight out of the economic playbook, and that's exactly what the Biden administration has done, by announcing a doubling of the tariffs it applies to imported Chinese semiconductors, from 25% to 50%.
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....
karfaichow
14 posts
Posted by karfaichow > 2024-05-09 09:48 | Report Abuse
DNEX trap?