Wow, as i predicted, KNM was so hot cake chasing by both party to increase their stake and all the small investor also rush in to grab it's shares ! Now KNM was traded at 0.125 +0.025 +25 %
so, currently at 250,000,000 shares traded. I think it's MAA that scoop all . At average price of 0.13 it only cost them RM28 million to gather about 6% more shareholding. I think MAA is desperate to control the company as they bought KNM at 0.22 Let's say this is the case, Heeschen Team will need to buy more to oust MAA Team. Vice versa. The buying is not done yet from either side.
KNM's value in BORSIG is now confirmed by the fact that a leading Billionaire who is attempting to take over its business. If otherwise, no Businessman would want to spend their time wasted on a no hope company! They saw its potential.
BENGALURU: Oil prices rose a dollar a barrel on Tuesday to their highest since November, after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year, worrying investors about potential shortages during peak winter demand. Brent crude futures rose by US$1.04, or 1.2%, to settle at US$90.04 a barrel, closing above the US$90 mark for the first time since November 16, 2022. US West Texas Intermediate crude (WTI) futures gained US$1.14, or 1.3%, to settle at US$86.69 a barrel, also a 10-month high. Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected. "This is a clear indication that oil prices trump volume (for Saudi Arabia)," said Jorge Leon, senior vice-president at Rystad Energy.
"These bullish moves significantly tighten the global oil market and can only result in one thing: higher oil prices worldwide," Leon added. Both Saudi Arabia and Russia said they would review the supply cuts monthly, and could modify them depending on market conditions. "With the production cut extended, we anticipate a market deficit of more than 1.5 million barrels per day in 4Q23," UBS analyst Giovanni Staunovo wrote in a note to clients.
UBS now expects Brent crude to rise to US$95 a barrel by year-end.
We clearly can't trust Tunku Yaacob and MAA. They need to resign. Here is a not so well published article about a whistleblower complaint. Very relevant.
few months ago the company issued 10% of total shares as private placement at 0.054 . We still don't know who subscribe. rationally it will be friendly party to MAA as Tunku still control the board, right? and why would Herr Heeschen go to "war" with Tunku Yaacob if he does not have the number. why go through all the hassle, getting big shot lawyer representing unless there's more than this. this is getting really interesting. afterall, Herr Heeschen is in firearms manufacturing business as reported in the news. Who has more guns? Who will win the boardroom war? * definitely need more popcorn to watch this !*
Herr knows how valuable Borsig is...... If he can do something with it and turnaround knm, he can make a huge handsome gain and save Borsig's German pride...... Hopefully MAA will fight it out and we minority shareholders will gain more....... Always remember, germans can deal with germans better.....
WILLIAM H VAN VLIET III ->He joined the United States Armed Forces in 1985 as a steam plant engineer where he was primarily responsible for the operations of various engineering plants, both on and off shore
who want to pour money into a PN17 company if they dont see a value ?? and if KNM is not PN17 ... the cost of take over might be X times of company value . rite ? or i miss out some fundamental here
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....
shiby
217 posts
Posted by shiby > 2023-09-06 09:06 | Report Abuse
bod tussle mean chance for us to make some money :)