if you really into this stock, you should have already checked the big shark holding at what price, plus if you notice their announcement, there are few big things coming..
haha i think you all have mistaken between par value and stock value. The share consolidation is based on par value not on share value. so 0.06 is based on par value and nothing to do with share value. based on all the comment above, that it will drop to level of 0.06, continue to dream on. It would only happen after all the activities have materialized.
if you holding 100,000 shares(100lots), after capital reduction and share consolidation, you will get cash back for RM1510, and 100lots become 20lots with each lot price at 0.5745. this is reference for those who do not understand the terms.
Financial report not good but the steps taken to repay and reduce their debt commitment, reduce the share total numbers and venturing into new field is good development for this stock... based on current situaion most probably will retest that 0.14 price point and see whether can breach through that previous high level
Why so active today? That capital reduction & cash repayment & consolidation exercise want to complete soon? Heard that they anticipate to complete it by first quarter of 2017. Is that true? Any short term TP?
This counter moving up every day since consolidation of shares from 5 to 1....... Good to buy some and keep for mid term....seem ready to fly beyond rm1... Pssst...dun sell.. Keep.. . ;-)
an opportunity to buy some more at affordable prices? T4 sellers had to cough it out once the rally reverses... Weak holders kena kaw2 this time....Slow & steady rise is better..
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....
red_85
1,259 posts
Posted by red_85 > 2016-11-21 15:51 | Report Abuse
OK, received alert from Fren this morning as well..must sell asap , qr will be shit. Then drop again..can collect below 0.8