Arnorld: Based on below statement, am have no crystal ball, can't know whether the price will go up after consolidation, but i am more worry that the share may go south given after consolidation when the price become 20 cents, it has more rooms to go down. I first bought hubline shares in 2000 - it never made me happy
I think base on the statement below if rm 10k @0.010 of price become 0.020 my money become rm 20 k, if rm 10k at 0.2 means if stock price become 0.40 then only my money become Rm 20k. It means chances of earning a lot is very less and there's chances of stock price becoming 0.010 again. Then only left a bit of tiny dust .
Want_to_know, if you want to buy, please buy at multiple of 20 since the company going to consolidate their shares become 20 to 1 ration. Don't end up with odd shares that you are going to hold. Please be prepare to hold a certain period of time. This counter not a short term investment target. It may be short or it could be very long time. Its depend the traders/investors reaction after the consolidation take place. It could be heading north and could be heading south. If the company continue perform well and with profit making at their QR. Then heading north is more positive. Good lucks to you. In this forum there are many positive and negative influence, think wisely before you make your decision.
See the announcement. Big shareholders still able to sell a lot of share at 0.01 through off market. So that mean Hubline still worth 0.01 at this moment. Still got people want at 0.01
20 shares of 1sen NOW will become 1 NEW share of 10sen after the par value reduction and share consolidation. So, 1sen share price NOW (par value 1sen) is equal to NEW share price of 10sen (par value 10sen) Therefore, NEW share price of 10sen translate back to share price NOW of 0.5sen. (10sen/20)
That's why you see more trades at 0.5sen NOW and no buyers, only sellers at 0.5sen for the warrants.
That's financial wizardry at work! What a waste of talent, to DESTROY value instead of to CREATE value. You and I know who you are. What goes around comes around.
If you think you are who I know you are, my advice to you is to come onto the LIGHT and not let your DARK side rule. I may not be your father (or your child) but I hate to see such talent go to waste instead of creating something for the greater common good. And don't keep making the same mistakes over and over again after so many years.
Believe me, it will all be worth it in the end. The choice is yours to make.
As an outsider, one shouldn't try to read too much into what the insiders (Mr Chairman and BP/Mr CEO) are doing. If BP is so smart and mighty, why not buy up all the more than 600 million shares queuing to sell at 1sen today? Better still extend a GO for all shares at 1sen.
Facts and figures don't lie, it's only you who choose to believe what you want to believe.
If it's any consolation, there don't appear to be much risk of bankruptcy after the latest proposals. Pity the warrants holders, as the DARK talent proposes to amend the deed poll (which protects the rights of warrants holders) to reduce their holdings from 20 to 1. Well it remains to be seen if they will FIGHT BACK by rejecting the deed poll amendment in the EGM. Your guess is as good as mine.
Another deliberate misinformation that will eventually let everyone down. Don't worry everyone will side u for ur positive comments at least until now.
It's no wonder you named yourself stupid_investor. I was merely stating the case as it is and there is no misinformation nor any positive comments.
Anyway, if you choose to continue and not change your ways, you will find everyone ignores you wherever you go and whatever you say. My advice - get a life, my friend. Enough said..
Changes in Sub. S-hldr's Int. (29B) HUBLINE BERHAD
Particulars of substantial Securities Holder Name BILLION POWER SDN. BHD. Address Block B-58 Level 2 Taman Sri Sarawak Mall Jalan Tunku Abdul Rahman Kuching 93100 Sarawak Malaysia. Company No. 236464-V Nationality/Country of incorporation Malaysia Descriptions (Class & nominal value) Ordinary Shares of RM0.01 each Name & address of registered holder TA Nominees (Tempatan) Sdn. Bhd. 12H Jalan Kg Datu 96000 Sibu. Kenanga Nominees (Tempatan) Sdn Bhd Ground Floor Bangunan ECM Libra 8 Jalan Damansara Endah Damansara Heights 50490 Kuala Lumpur. Amsec Nominees (Tempatan) Sdn Bhd 15th Floor Bangunan Ambank Group 55 Jalan Raja Chulan 50200 Kuala Lumpur.
Details of changes Currency: Malaysian Ringgit (MYR)
Type of transaction Description of Others Date of change No of securities Price Transacted ($$) Acquired Ordinary shares 22 Jul 2016 75,000,000 0.010 Acquired Ordinary shares 25 Jul 2016 300,000,000 0.010
Circumstances by reason of which change has occurred Off Market Deal Nature of interest Direct Direct (units) 1,626,025,439 Direct (%) 13.8 Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 1,626,025,439 Date of notice 25 Jul 2016 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5155941
Just my view: selling hubline in 5 is not a clever move. Even though hubline is no good however selling 5 for what. Whoever buy in hubline consider Gamber including me , so now hubline is same you want big or small now either win or loss no body will know in the world. Sell at 5 is considered surrender so if you want to sell q at 1 better . Just my view only la
I say Angie, u so naive and gullible, ,later 10 cts can drop back to 1 ct. Only difference is u have 20 times as less as u used to have. Good luck for positive thinking.
How come u guys still believe u can sell at 1 cent? I told u it was off market actually for debt swap. I really really pity u guys. Hoping for disappointment.
Hubline cannot drop anymore. Wait patiently for Billion Power to clear his buddy shares(off market and no need to pay brokerage) before buying from open market.
All the penny stocks have gone up already. It should be time for Hubline to go up. Such a cheapest penny stock counter and profit making, it has been left out and forgotten for too long already.
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....
stupid_investor
702 posts
Posted by stupid_investor > 2016-07-22 19:39 | Report Abuse
Consider how to exit