It high time karim should come out and explain to the shareholders whats going on. Billions lost in market cap and he doesnt care. Well I think better he stay quite because is a big lair anyway
I am not suprised if karim used proceed from serba-wb selling to buy scib/kpower warrant cheap cheap....But of course la he is not dumb enough to buy using own account...use proxy maaaa
"need smarter businessman to takeover". I think the fundamental may have been damaged. Even smartest businessman takeover, no one will be interested too because any push up may be opportunity for "them" to sell off and press down again. End up "smartest" businessman became another victim.
Yu and mee, the situation now is kpower has their audited account ready. But market will still see this as karims counter, fundamental wise it is still okay, their pp money mainly aim for upcoming lss4 projects (project is genuine of course). Still considered healthy for now as they have 50m in FD. Question is, market sentiment is so bad toward karim, if he hold genetec i think genetec also will blood bath. If a businessman with good management skill take over, it will probably create good sentiment for market. Like i said, karim is the cause of this fall. So for now, dont catch this falling knife!
Particulars of Director Name CIK SARAH AZREEN BINTI ABDUL SAMAT Descriptions(Class) Ordinary Shares Details of changes No Date of change No of securities Type of transaction Nature of Interest 1 18/10/2021 13,572,800 Disposed Deemed Interest Name of registered holder Grand Deal Vision Sdn. Bhd. Description of "Others" Type of Transaction Consideration (if any)
Circumstances by reason of which change has occurred Disposal of Shares via Direct Business Transaction Nature of interest Deemed Interest Total no of securities after change Direct (units) 0 Direct (%) 0.000 Indirect/deemed interest (units) 50,050,080 Indirect/deemed interest (%) 9.221 Date of notice 20/10/2021 Date notice received by Listed Issuer 20/10/2021
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....
lloydlim
3,972 posts
Posted by lloydlim > 2021-10-28 16:14 | Report Abuse
Karim must resign as director & offer his stake to 3rd party investor in order to gain back investors' confidence.