Once the company receives approval from Bursa for ICLS, u unlikely can buy below $0.10 for mother shares
u used to be supporter, why suddenly need help from SC/BURSA? hahaa
The method of raised fund at that time is not much impact to us, but this time advisor from TA just raised private placement to trap us and asked company to have share consolidation after PP. It is bad and anyone can provide idea to Bursa under bursa2u.bursamalaysia.com about this malpractices
now 0.03 conso 10 to 1, then wash down again, so u buy now probably will suffer another 40 percent drop before u need to dig out money for right issue....
seem like this becoming a trend for penny stock now..show paper profit every quarter announce multimillion MOU..year later terminate..jerung manipulator all sell when price peak during MOU announcement..now left retailer stuck don't know where to run.
Directors are getting smarter to raise fund by issuing more new shares until NOSH hit multi-billion shares and then propose shares consolidation followed by more fund raising via rights issue with free warrant.
@Citadel123: 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.
OOI, where are you, come out promote please 20/01/2022 9:27 AM
2. Reduction of NOSH by consolidation will not dilute the worth of the shares, unlike capital reduction. Let me repost my respond to this issue I have posted in "[FOCUS]: FOCUS DYNAMICS GROUP BHD
Jan 17, 2022 10:56 AM | Report Abuse
@Forumer: Consolidation keeps the company from getting delisted. Consolidation will result in attractive price that may attract institutional investors. Consolidation makes their book-keeping easier. Consolidation is operationally cost saving. The drawback of consolidation is..it sends a signal to investors that the company is struggling..hence, they start panic selling causing the price to drop. 17/01/2022 7:42 AM
BLee: @Forumer, very good observation. Maybe some 'newbie' got mixed up with capital reduction vs consolidation, both likely will see reduction in NOSH. The only differences are capital reduction will see NTA reduced proportionally and consolidation is the opposite.
Two half truth posting: 1.Be careful trading penny stocks that has huge NOSH (multi BILLION shares) Trade wisely, set realistic target. 13/01/2022 9:50 AM 2.Trade wisely, set realistic target, avoid being caught at high prices. 13/01/2022 10:55 AM
Question for pondering?
On item 1., what to be careful of and what realistic target when prices have fallen from around 70sen to 4sen? You can see most growth stocks and blue chip stocks having similar billion NOSH, not an issue.
On item 2., is 4sen at a high price? Prices already stay at this level for a very long time and are potentially moving up...
Happy Trading and TradeAtYourOwnRisk" I apologised for this long posting and acting as "broken record".
Don’t need to busy body warning or no warning lahh actually you can save your breath. When I buy in, I already know the risk, and I still buy, meanwhile consider you’re failed as a paid gunner in ARBB since you so lazy just copy paste
Every company has its own good or bad, everyone buy in by trusting the good part while risking the bad part, so just don’t be a busy body else just proven my point your just a pathetic PAID DEMOTER :)
A support line is used in technical analysis to determine a price level through which an asset is unlikely to pass. Using lines of support and resistance allows investors to assess whether an asset is near the top or bottom of its short-term trend. Support lines can be drawn at any price point which the asset has touched several times, but has not passed for a given length of time.
In a long position, a support line shows the lowest price the asset should fall to and in a short position it shows the highest price it should rise to.
A basic trading strategy is to buy at levels of support and sell at levels of resistance.
@CurryBento with the kind of logical thinking u trying to invest with fundamental analysis ah? hahahhhahahahahahaha, go get a new brain please before u talk
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....
unclekyyisbest
401 posts
Posted by unclekyyisbest > 2022-01-20 09:46 | Report Abuse
Looking for a good price