As ADA Capital & Datuk Teong ( joint offerors) control more than 33% of GETS ( enlarged issued shares after the Private Placement) - it is mmandatory to offer to buy up all other shares that they do not own. It is up to you to decide - sell / not. My advice is not to sell - its all the way up from now !!
yb6650 As ADA Capital & Datuk Teong ( joint offerors) control more than 33% of GETS ( enlarged issued shares after the Private Placement) - it is mmandatory to offer to buy up all other shares that they do not own. It is up to you to decide - sell / not. My advice is not to sell - its all the way up from now !! 30/11/2020 2:54 PM
Yes , bro. This Datuk - ho liau one. Many investors thought that they have to sell at RM0.55 to the Joint Offerors @#$%^ Just like during Mandatory Offer by Rubberex - so the price dropped for some time. Hope every investors is clear - not compulsory to sell.
For those talk about 55cent, you guys is really uneducated don’t make yourself look silly...this deal was last 5-6 month, when the price was 0.5-0.6, now the deal approved. Keep talking about 0.55cent when your knowledge not even worth 1cents... Read the latest announcement, company outstanding borrowing have fully paid, who willing to do that ? Typical gamble, comment after you do your research. I’m not holding any share of this company but will buy when Mr invisible come out.
Type Announcement Subject OTHERS Description MONTHLY UPDATE OF ANNOUNCEMENT MADE ON 31 JULY 2019 PURSUANT TO PARAGRAPH 9.19A (DEFAULT IN PAYMENT) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("MMLR") Further to the Company's announcement dated 31 July 2019, 9 August 2019, 14 August 2019, 21 August 2019, 30 August 2019, 18 September 2019, 1 October 2019, 3 October 2019, 31 October 2019, 29 November 2019, 31 December 2019, 15 January 2020, 23 January 2020, 31 January 2020, 28 February 2020, 31 March 2020, 30 April 2020, 29 May 2020, 30 June 2020, 9 July 2020, 17 July 2020, 21 July 2020, 23 July 2020, 30 July 2020, 28 August 2020, 30 September 2020, 7 October 2020, 30 October 2020 and 17 November 2020, the Company wishes to update that as of to-date the Company and its subsidiaries have fully paid all the outstanding bank borrowings and no longer in default of any payments due to the banks.
Mr Invisible already came out to play - LBT 100% owner of ADA Cap. now control 50%+ . I think their glove factory will be ready by Q2 next year based on the authorities approvals mentioned in the diversification plan.
RobertWang For those talk about 55cent, you guys is really uneducated don’t make yourself look silly...this deal was last 5-6 month, when the price was 0.5-0.6, now the deal approved. Keep talking about 0.55cent when your knowledge not even worth 1cents... Read the latest announcement, company outstanding borrowing have fully paid, who willing to do that ? Typical gamble, comment after you do your research. I’m not holding any share of this company but will buy when Mr invisible come out.
1. 55 sen has nothing to do with all of us small kicit miao. 55sen is the price offer for Mr. Invisible to get the share and most important pump money to company (not for personal use) to clear some debt and also build new industry. 2. His portion of share have lock down period, he won’t be able to sell his share for quite a long time. So there is no worry that he will just take profit and run. He pump in money and what he want is really make the company works. So, he get what he invested. 3. QR lost, Ofcoz! What do you expect? New factory haven’t ready. What do you expect? Next Q2, is what we waiting for. And for share market, if you really investing, you are looking for future potential and future up side. Pass record is just a reference. New diversification is new direction. Pass record is just not a reference to look into. *facepalm 4. Once factory ready. Easily target RM6-8. (Future no promise, but this is the potential future value). Invest with far sight. If you look for short gain. You can choose to go Genting. Uncle Lim might give you faster cash. 5. Look at the company debt record too, after pp, company debt get cleared means the down right risk is even lower.
Sell if you don’t see it. Keep for mid long term. Then you have smile on your face.
unless management has controlled over Voting shares number...any voting in EGM would failed ( management cannot vote, only minority share holders can vote)---I think 55cents offer is like children "main masak-masak "
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Posted by jack64r > 2020-11-30 14:38 | Report Abuse
I guess no one would be taking up the offer knowing what ADA Cap have planned.