Based on indicative RI price of 0.25 after consolidation, this exercise is similar to asking for subscription of ~0.0167 per share if no consolidation.
If price does falls to 0.25 after consolidation and close to subscription closing date, better to buy from market than give money to company. So either you: - cutlost now to avoid greater paper loss or - wait till near RI subscription closing date to compare market price vs the finalized RI price
As the saying goes: what goes around comes around... Company treats minority investor like dirt, you also have the choice to do the same...
Morning all. I am amazed by what is happening with this company. I guess good is good. Bad is bad. This one is bad from beginning. Just show to get us go in. That is why the price can never sustained. A scam may be, nothing concrete really. Too bad No Chinese New Year Aun poa. All the best.
Posted by swimwithsharkss > Dec 6, 2021 9:31 AM | Report Abuse
Thanks @BLee and @sting79 for the rational comments. I always find it funny that these people had nothing to do but come at AGES daily like its their job. Anyhow AGES is rebounding although market is terrible, good sign, if you ask me.
Dated 14th January 2022, AGESON had released something critical to the investment public, which is the update on the status on the sand deals. And as the title obviously stated, all the sand deals had been mutually terminated.
Back on 22nd April 2020, the company’s property development and construction business had faced a huge challenge, which is the COVID-19. Unlike other property developer or construction player, the company decided to step out of their comfort zone and venture into the sand business to diversify and expand their income.
And now, due to the commercial viability, which we can see from the increase in costs of shipping had no longer make sense, the company decided to halt the sand deals.
I understand that some of the investors might taken this as a negative surprise, but do you, as an investor truly want a company to add on a potentially loss-making venture?
I doubt so.
So, with the safe exit from the sand deals by AGES, investor should not take this a downside, but instead, it allows the company to focus their resources back onto the property development and construction segment, which is obviously recovering now.
I look forward for a steep rebound in the share price for AGES.
Everybody should lodge a complaint to Bursa for not look after investor interest and abuse share consolidation method to raise fund for a profitable company as shown on the quarterly report. We should stop Bursa for the approval and change the raising fund method like ARBB
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....
sato
310 posts
Posted by sato > 2022-01-19 22:37 | Report Abuse
After consolidation 15:1, then PP again!
Bosses Huge huge profit la…& all investors Kaput…
Heng ar… Ong ar… Huat at…