You may definitely right Eagle, heavy profit taking..giler profit within few days..huhu 🤑🤑 but those pundits also have sold about 2m shares between 2.79-2.81 cents. Any attempt to sell below 250 would be grabbed immediately. Yang baru nak masuk..beli ler 1-2 lots jer, hold for few months coz price sangat volatile if u watch..saham sikit jer kt luar tu. most of them dah kn locked by Redtone, VT and Johor Tiger associates, and IBs !! You sell, you gone!
BURSA ANNOUNCEMENT dated 17 July 2024 -REDTONE's RATIONALE OF ACQUISITION.
Acquisitions of 7.3% of Theta Edge Bhd shares .
The Acquisitions will enable the Company to invest in the company with GROWTH and SYNERGY capabilities as well as POTENTIAL BUSINESS COLLABORATION.
The prospects of THETA
THETA group is engaged in the provision of information communication and technology services focusing on information technology solutions & system integration, telecommunication engineering services & civil works, and green energy & environmental infrastructure consultancy services.
In addition, THETA was awarded with a contract for the development of Internet of Things (IoT)solutions for smart economy in Ampang Jaya.
The group is also exploring opportunities in the healthcare segment to diversify its current income stream.
Redtone will eventually make Theta Edge their Associate company.
An associate company refers to a company in which another company (investor company) has significant influence in, by virtue of owning at least 20% of shares in it (associate company). The stake is usually between 20% to 50% to ensure the associate has control over the company.
This will also enable Redtone to equity account profits of Theta Edge.
Redtone players needs money to buy Theta as well, following their taiko. Smart City project is a game changer by Theta.. those who failed to recognized it yet, will missed the speadboat !!
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....
paulthesotong
2,869 posts
Posted by paulthesotong > 2024-07-20 16:44 | Report Abuse
Why compare Carrot with Banana.