The directors had harmed the company in many ways i.e. getting their shares pledged & later sold via margin calls & multiple cheap private placements don't know to who. All these events caused the share price to nose dive. On top of that they are also always declaring bad news to worsen the sentiment.
Quite a number of predators had accumulated from RM0.30 to RM0.40 during the past 3 months. If price drop they will sailang & give the current board of directors their last blow.
Substantial shareholders-oust d present bod before it is too late.. apprently present bod purposely announce bad news to frighten away shareholders so they can fish at super cheap price to enhance their position
Land bank 800million. Owned AmBank 25million. Default payment now because bank left 0.11million. Then triggered PN17. So if delisted, how much share holder can get back from liquidation?
KUALA LUMPUR: Seacera Group Bhd has become an affected listed issuer under Practice Note 17 (PN 17) under the Main Market Listing Requirements of Bursa Malaysia Securities.
It said on Friday that it had triggered the prescribed criteria after it defaulted in the payment of principal and profits to AmBank Islamic Bhd and it was also unable to provide a solvency declaration to Bursa Securities.
told you edi many times but fell into many deaf ears some more Monday ( Apr 29 ) starts T + 2 make matters even worst Pray hard to GOD for our friends safety....some will be held in Ah Long custody chain footed
Next time avoid malays stocks ,99% of them failed, Those survived because they are given contract without open tenders, now harappan are goverment with open tender.All malays stocks will slowly be PN17,
En zul no share so this(pn17) his only tactics so shareholders blaming twl ( injuction egm to raise fund). I heard many lions are lurking including proxy to our funeral taiko
Nx week agenda:
Egm remove current bod Collect share > 50pc Interesting show otw
By purposely pressing pn17 button, u think major shareholders let zul lepas like this???
Show getting more excited.
Lucky i oledy cabut after knowing fatty only holding 7%
I tot they are two group ppl wanna fight to control company.. existing 1 intend to remain their position so keep release negative news to fight with the new comer.. am i right?
Ya release bad news to scare investors so can collect back d shares and control d company.. existing bod i think dont hv much share but reluctant to step down .so in order to avoid other to oust them , they rush to:
1. Sign land dev wt ocr ( insofar nvr hear bod has such intention)- so even new comer also cannot get advantage of d land
2.last effort to scare hopefully investors will sell cheap to them nthey return substantial shareholder?
3 they may even scare investor by deliberately withold d account/ annual report so trading to be suspended?
From reliable sources,few substantial shareholders had formed a commitee n intend to strike soon to break all d dirty trick n take culprit to task?
Another ah jib gor prototype la.. step down means sg buloh .
I still hold 1500 unit ( sold the rest 400,000 @ 38c) -bought at 16c.
So , just watching drama la.
But i am sure such tussle wont be ended so easily n d share price will not rise in a very near term.
upside potential for this stock is pretty limited at 0.3x and the board tussle is not going to end soon.the shameless directors with negligible shares will try their best to stay in power .my advice . no point of putting your capital at risk .stay on the sidelines .
as of 15 April 2019, tan already holds 16.4%, clearly this directors trying to play delay tactic with technical issues.... , and another one by putting company under PN17.
However .who got deep pocket will win eventually la. Unless these directors got big fund to challenge Tan group..like the very famous IOI case many many years ago.
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....
spider68
460 posts
Posted by spider68 > 2019-04-26 16:24 | Report Abuse
19 Apr 2019 Disposed
200,000 Encik Zulkarnin Bin Ariffin
19 Apr 2019 Disposed
34,700 Encik Zulkarnin Bin Ariffin
19 Apr 2019 Disposed
150,000 Datuk Mansor Bin Masikon
19 Apr 2019 Disposed
100,000 Encik Zulkarnin Bin Ariffin
19 Apr 2019 Disposed
1,506,733 Encik Zulkarnin Bin Ariffin
17 Apr 2019 Acquired
4,707,600 Dato Tan Wei Lian
16 Apr 2019 Disposed
1,473,100 Encik Halim @ Ab Halim Bin Ismail
15 Apr 2019 Acquired
7,760,200 Dato Tan Wei Lian
15 Apr 2019 Disposed
26,900 Encik Halim @ Ab Halim Bin Ismail
03 Apr 2019 Disposed
258,000 Encik Zulkarnin Bin Ariffin