let all of us critic this stock since it so long handle by very very old operator and so to the management whereas always issues the non stop shares of 0.10 until end of the world.
Mr Lim Nyuk Foh -MD of Priceworth International Bhd has a total shares held as at 09/03/2015 ware 52,278,511 shares and direct interest was 11.51%.
He has acquired 11,500,000 (share price was OPENING 16.0 sen, HIGH 17.5 sen, LOW 16.0 sen and CLOSE 16.5 sen) shares on 22/12/2015, total shares held were 68,509,011 shares and direct interest was 12.090%. He has further acquired 20,000,000 (share price was OPENING 13.5 sen, HIGH 14.0 sen, LOW 12.5 sen and CLOSE 12.5 sen) shares on 28/01/2016, total shares held ware 88,509,011 shares and direct interest was 15.08%.
As at to-date, his shares holding has increased by 36,230,500 shares to 88,509,011 (15.08%) shares.
Why is he buying more of the company shares? it happened only in the last 2 months and the next quarterly report is due to publish in the end Feb 2016. Is there any information that the minority shareholders do not know that he is taking advantage of ?
Usually if the major shareholder is keep buying the shares , it must be something good about the company, but the share price keep coming down. why?
Anybody can comment?
I am also a shareholder in Priceworth International Bhd.
as i said earlier MD purposely push the price down in order to collect more at lower because he got no money to buy from 15c - 18c. this show how poor is the MD but still got heart to be major shareholder. Pity...
no other great news from this company by its MD but to issues new Shares. MD go and do business and focus how to make profit rather than sleeping and concentrate 100 % on issuing the new shares only. Why Bursa allow them chapter by chapter ??
His operator playing pump and dump in small range of ie 0.05-0.10 to gain profit and later push down to close lower. This is because of his poor fund to control this company. Pity and condolence of one in the million of this MD
will continue pressing the price until 0.10 and below so the mission will be accomplish then sleeping until end of the year waiting all new issues share of 0.10 cleared. in the same time will request from Bursa for another chapter new share issues until it last forever. The main business now is to issue new shares than sell to investors and will never ever finished.
we are not afraid if this mental promoter pushing down the price because we are genuine and also cash rich and keep on buying when it cheap like this company and we will be major shareholder in one fine days.
Of course la, i would also do the same.. issue share at 0.10 and sell automatically for 20% profit, good deal ma... Imagine when the shares we alot higher, wonder how much the MD made..
Gone are the day when the shares are very low, they will be the target of taking over. They are gone now, Why ? Where are the rich tycoons from Sabah ?
very good share manipulator ..... if u ever q for buying or selling, u will know .... he will manipulate very carefully, making vol high high, but won't match yr q, especially selling .... very expertise MD!!
This BS MD only knows to steal money from ikan bilis but knowledge '0' to ensure the business is a profit making company. better avoid from giving your hard money freely to this BS MD
BS MD still fishing ikan bilis who think they can make money by investing in this BS com. better pull out ur money because surely and logically value per share is 0.10 or might be lower and this poor BS MD can easily push it down at any time to make easy profit. play safe before too late and let him play with his own shares by fishing himself.
no worry BS MD will continue kautim with SC in issuing 0.10 new issues share and it will never end and all investors will keep on feeding this BS MD and family also his crony forever
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....
CUTLOST
5,178 posts
Posted by CUTLOST > 2016-01-30 22:23 | Report Abuse
Pworth=Pworst
Pworth = Pworst