sure. The mpcorp has lost its temperature. Initially i thought mpcorp will go above 50 cents to allow the issuance of new shares. However, it seems that mpcorp has already lost in the jungle. Repayment of debts is not settled and this will make this company to be categorized under PN17 group.
We refer to the announcement dated 12 March 2014 pertaining to the Settlement Agreement with ADSB.
The Board of Directors of MPCB wishes to announce that Taman Bandar Baru Masai Sdn Bhd, a wholly-owned subsidiary of MPCB, has been served with a Notice of Default with respect of a Charge dated 10 October 2014 (“Notice”) pursuant to Section 254 of the National Land Code 1965 from ADSB for a breach of the provisions of the said charge for failing to settle the outstanding amount to ADSB.
The Management is seeking legal advice on the Notice and will take appropriate steps to address the issue. The Company will make further announcements of any new development in connection thereto.
Calvintaneng, go to the see the announcement. I think my investment in the company will be burned immediately. I queue at 0.415 but failed to sell. Hopefully there is still some time for me to get out this counter.
smalltimer, i do not think so. I have withdrawn all my bet in the share market and wait until the DJIA reaching the bottom, 13000. I have 20 lots of mpcorp, still left 4.8 lot, i will dispose today.
The pullback exposes investor jitters as the U.S. Federal Reserves prepares to begin raising its federal-funds overnight bank-lending rate as soon as next year, for the first time since 2006. Many traders and analysts believe expansive Fed policy is behind the sharp run-up in stock prices since the financial crisis ended in 2009, and the prospect of rising rates is being met with increasing anxiety amid signs that the economies of China, Japan and Europe are struggling.
The major U.S. stock market indexes took a dive Monday, marking a three day downward trend for stocks driven by unease over Federal Reserve monetary tightening and a tumultuous global economy.
The S&P 500 closed at 1,875, down 1.7% for the day and putting the index below its 200 day average for the first time since 2012. The decline occurred mostly after 2 p.m., and marked a 1.8% drop from a daily high of 1,912. In the past three days, the S&P 500 has dropped 4.8%, from a high of 1,969, in the worst 3 day decline since 2011
The Dow Jones also took a dive, losing 1.35% on the day, and slipped to 16,321 from a high of 16,590. The decline began around noon and then picked up around 2:30 p.m. This is the steepest day of losses in a three day losing streak that began on Oct. 9 and cost the Dow nearly 4%. After a volatile trading day, the Nasdaq also suffered, dropping 1.5% for the day, tumbling to 4,213 from a high of 4302.
The increased volatility is a product of a growing divergence between the U.S. economy and other major economies, such as Japan and Europe. Unlike 2013, when global growth trends and monetary policy all moved in tandem, recent months have featured sharply divergent economic news, said Bryan Piskorowski, director of markets and product strategy at Wells Fargo .
“The markets are in a bit of a twilight zone,” Piskorowski said, noting that the markets will take time to realize that higher rates from the Federal Reserve are a response to stronger growth, which bodes well for earnings.
The volatile trading day follows on the heels of third quarter earnings season, which has spurred some anxiety about the effect of the rising dollar on earnings, especially for companies on the S&P 500. Earnings announcements commence in earnest this week, as major players such as JP Morgan Chase and Wells Fargo share performance figures.
The hardiest among the major indices was the Russell 2000, which dropped a mere .4% over the course of the trading day. This marks a reversal of a trend that began in September, in which the index declines much faster than the rest of the market, dropping 10.7% since Sept. 2. Small cap stocks are generally less exposed to global markets than larger companies.
“I don’t think that this is the beginning of a bear market,” Piskorowski said. “For those under allocated to U.S. stocks, the recent dip could mark a good time to buy.”
yeah Mpcorp is back. Mpcorp is back Mpcorp is back Mpcorp is back Mpcorp is back Mpcorp is back Mpcorp is back Mpcorp is back Mpcorp is back calvintaneng hooray.
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....
choongpooh
195 posts
Posted by choongpooh > 2014-10-13 20:31 | Report Abuse
That time, RM5 also i will increase the investment.
This is another Genting.
30 years generate 3000 times profit.