will not go above 0.04 in near future..... operators will buy sell sell buy at low price, 0.035 or below, so that to keep vwap and buying price of mac quarie low, btw 0.025 to 0.035....
I say wait 2 more years. Too many ex-contra kaki stuck here. I would avoid any counter with heavy retail holdings. Insiders don't even have shares. Truly a garbage stock ATM. It is your fault if you want to buy penny stock (below 0.1).Don't blame operators. You all are greedy and want to make 100% quick profit now stuck forever.
With the continuing injection of cash into the company by macquarie (via the PP), the company is now in net cash position (no bank borrowings). Will be interesting to see what the company is goign to do with the cash - business expansion or pay us dividend?
(i) Business expansion and/ or new investments 20m (ii) Gold exploration works at Hutan Simpan Bukit Ibam, Mukim Keratong, Pahang 10m (iii) Working capital expenses 12.41m (iv) Estimated expenses 1m Total 43.41m
From the 20 million. (i) Launching of SugarBun e-wallet platform 0.25% (ii) Expansion of product offerings within Bornoil Group's food and franchise operations ("FFO") business segment 50.00% (iii) Setting up of 5 new shared kitchen centres in Malaysia 3.75% (iv) Setting up of new central kitchen and warehouse in West Malaysia for our SugarBun retail segment and upgrading of existing central kitchen located in Kuching, Sarawak. 10.00% (v) Setting up of new Sabasco Chilli Plant for the production of new in-house sauce 12.50% (vi) Development and construction of SugarBun stand-alone outlet in Sabah 22.75% (vii) Funding of operating expenses for Bornoil Group's FFO business segment 0.75% Total 100.00
SBSL had on 1st March 2021 entered into a Memorandum of Agreement for the provisions of OneCALL Airtime and Internet Data Plan Services and/or OneCALL mobile Apps to customers of SugarBun’s Outlets subject to the terms and conditions in the MOA.
Really dead stock. Stuck here for 4 years already. If let go, losses at 35K. Then have to wait all the BOD die and let my sons wait for another 50 years. My only hope this company dont die together.
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....
lehubeng
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Posted by lehubeng > 2021-03-05 13:41 | Report Abuse
will not go above 0.04 in near future..... operators will buy sell sell buy at low price, 0.035 or below, so that to keep vwap and buying price of mac quarie low, btw 0.025 to 0.035....