i observed this for my final year project since the price in 0.055 - 0.060.
i knew they r trying to trap ppl's money by putting little "news" which let u see hope each time. after so called "investor" / "gambler" go buy.. they will press down the price by stage...
don't worry lah! refer to the coming EGM proposal:- The co intends to use the PAR VALUE REDUCTION to reduce the accumulated loses of l60m. (once offset, noneed to wait for ten yrs) Details pls refer to page 17 *CIRCULAR TO SHAREHOLDERS''
Then the future balance sheet no more accumulated loses.
Unless otherwise defined, the definitions set out in the announcement dated 22 January 2016 shall apply herein.
M&A Securities Sdn Bhd, on behalf of the Board of Directors of CHB, wishes to announce that an office copy of the sealed order of the High Court of Malaya confirming the par value reduction has been lodged with the Companies Commission of Malaysia on 11 October 2016, upon which the Par Value Reduction shall take effect. Hence, the Par Value Reduction is deemed completed.
Shareholders of CHB should note that the Par Value Reduction does not affect the number of the ordinary shares of CHB held by them. All the ordinary shares in CHB credited in the securities accounts of CHB’s shareholders shall be unaffected except for the reduction in par value of each ordinary share of CHB from RM0.10 to RM0.02. The share price of ordinary shares in CHB will not be adjusted pursuant to the Par Value Reduction.
The share price of ordinary shares in CHB although will not be adjusted pursuant to the Par Value Reduction, but it can be reduced/fire up by the public.....LOL
it is very obvious that "some" management just want to maintain the company as listed status. they can claim all the family and personal expenses on the company.
As long as the company still can operate, Projects, share price, how efficiency the company run.. is non of their business.
if they happy, then goreng. if not happy... leave it stay down for years and years. becos money can atm out in several ways anytime.
so when the project will start.. doesn't important to them. :)
#check NAKAMICHI CORPORATION BERHAD (NAKA 7002), saw familiar shareholder name? #poor management #if you are investor, don't touch. If u r goreng-ner, maybe u can try ur luck. LOL
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....
question_mark
23 posts
Posted by question_mark > 2016-06-20 18:50 | Report Abuse
i observed this for my final year project since the price in 0.055 - 0.060.
i knew they r trying to trap ppl's money by putting little "news" which let u see hope each time. after so called "investor" / "gambler" go buy.. they will press down the price by stage...
0.060 - 0.055
0.055 - 0.050
0.050 - 0.045
0.045 - 0.040
0.040 - 0.035
"one day sure up", it depends on how big the fund is trapped. I JUZ NEED YOU TO BUY MORE !!!! if not they wont have enough motivation to goreng !!
i know their formula very well bro... they doing this not to let u earn money... they want to earn from u !!
PLS BUY MORE!! few k is just to little... = ="