@million96 sad to hear your friend lost so much. But this is stockmarket and it is very dangerous if you did not do any homework and just follow blindly.
OBV reading shows an increase of 14m accumulation since 30 May, and decrease of 12m till date. In other words, there are net 2m shareholders from 1.0x price in 30 May, to 1.0x price in 11 July.
now u need to answer this questions, there are some 2m shares stuck between the 30May rally until now.....they are very very likely to have bought their shares above 1.0x.
Seeing the roller coaster, will there be a technical rebound on support 1.0x?
MFI shows a little comeback thus far. But too early to say anything.
Can 17, sorry just wake up.. actually the LB has been proposed in march .. innshort, the drop has been determined since march( unless the management willing to listen to revise the proposal during coming EGM, but it seems unlikely since the big owner like A1 disposal activities last few days)
so many ppl not even subscriber but attack like no tomorrow... walao... when stock go up all keep shut.. when go south some ppl even want to do survey.. nonsense.
The issuance of 2.5 billion shares of ICPS is too huge, however, the expiry date is still far away and no one will convert it straight away to dilute the future earning. I recommend all minority shareholders do not subscribe to ICPS if the board of directors refused to make amendment.
The actual size shall be 1B+ as the 2.5B is under max scenario,when all the LA/WB/WC holders converted/exercise so. I doubt if we are going to see many to do so...
Infact there are 30M+ new shares arising from the conversion of LA/ Esos/ WC thus making current paid up capital increased from 60M+ to 100M+ as at today.
Bsides, I think they oredi controlled more than 80%+ shares...so even all yr followers go EGM to vote NO will make no difference...of course they can tapao free meehun n curry chicken if they want...
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....
gohkimhock
3,128 posts
Posted by gohkimhock > 2017-07-11 10:16 | Report Abuse
@million96 sad to hear your friend lost so much. But this is stockmarket and it is very dangerous if you did not do any homework and just follow blindly.