Isn't it strange that BO is BUYING BACK their own (supposedly) worthless shares! Who do you think is keeping the share price "not too high and not too low"?
BornOil continues with share buy-backs February 6, 2018 Editorial BornOil
Since the 4th quarter of last year, Borneo Oil Berhad (“BornOil”) has been embarking on share buy-backs.
As disclosed in a filing to Bursa Malaysia this evening, the latest buy-back involved some 1,120,000 shares which were bought between 23 January and 5 February giving rise to some 124,396,000 purchased being retained in treasury.
At times, companies embark on share buy-back exercises when they feel that their stock is undervalued on the open market.
03-Jul-2018 Insider BORNEO OIL BERHAD buyback 2,500,000 shares from 0.070 to 0.070 on 03-Jul-2018.
02-Jul-2018 Insider BORNEO OIL BERHAD buyback 5,000,000 shares from 0.065 to 0.065 on 02-Jul-2018.
The majority shareholder & owners of borneo oil is playing buy back shares again at 7 sen. How many times have it been done? After that, sell the shares again when price goes up.. go to dg buloh lokap with this tactic...idiot.
BO tactfully played down slowly but surely by Syndicates. Slow kill and painful for minority shareholders. Syndicates employed Doggie, Newood n cronies to manoeuvre the small investors sentimemts. These coward bast$$#@ cronies are now nowhere to be seen. The triple doses Karma on the guilty ones.
Share consolidation is a possibility for this fat 5.34 billion stock. Warrant will become rubbish when consolidation does happens. Good luck to all holders.
Is a rubbish share. We know about it n will sell the share if we want to. Hello, don't repost ur message.. don't waste ur time n our time to read the same message.. U r not angel ! u really though u want to save us izit?
Fully agree there might be share consolidation this year to reduce the issued shares....Another stock in the same category are EAH. Warrants will become useless if there is share consolidation.
Now i know y some people so hate BO. Same as me, im so hate Bornoil, but i will not fxxk this counter, just advice my friends. Nothing to hate bcos buy @ our own risk. Cheers..... Lose serupa Russia lose to Croatia lor. haha. Hope bornoil can UP more~without GOLD!
Nicholas using the wrong words. Not hate bornoil lah. Just to highlight what might happen. Especially to newbies. Not like those who kept promoting 4-5 months ago and now not to be seen for so long.
Can take a look at NOVA on uptrend. And DGSB with proposed PP at 6.8sen
Firstly, Why SC approved all those issuances of NEW shares including ESOS. BO probably used the funds received to speculate on Gold Trading which they did badly and is BO MnA allows Gold Trading ?? Why share consolidation ? Why lesser shares issued is good for the Company or sharesholders? During share consolidation, would the warrant TnC adjusted accordingly? Warrant Exercise price?
When they mentions share consolidation, people panicked, released their share forcing down. Who ideas mentions share consolidations. Very good tartics. Dirty tartics.
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Singapore88
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Posted by Singapore88 > 2018-07-03 15:35 | Report Abuse
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