ya...fair comment...really hope that d mAJOR SHAREHOLDERS will perform a few good deeds since it is still WESAK CELEBRATIONS.TO rectify n justify d minoriries faith in them
manmy i guess you have to give it to management for trying. Ive been hearing BUY this 'jewel' a few times and they have tried from news of Jack Ma related to what not and the 1 day LIMIT UP show with about 4m shares done. Next day was it drop like a bomb.
Then there was the other joke about give you part shares of iCar which is also indirectly owned by Patrick Grove in Australia and not to mention not really making money, if i recall.
Have a good look at the financials of Rev Asia Sdn Bhd and the so called Intellectual property their own :-
Patrick is not good management, he's a good sales man and story teller + deal maker.
If main shareholders are selling, you better get out coz if the deal is called off ( which doesnt happen hopefully ) i dont know how you are going to sell your shares to then.
The selling is to provide liquidity for investors to buy as Major Shareholders Holding is high 63+% ! This Counter is still tightly held for now and for those who sees long term prospect in it, then buy when it is still on the cheap and hold to enjoy the chapters unfolding along the path later ! PM is in HangChou visiting Alibaba's HQ and firmly believes that the DFTZ E-Hub is the way forward for Malaysia to progress Digitaly ! For all these to be a Success, the Master Developer for Internet need to provide platforms for such developments !
If you are the CEO on this company and just done a wonderful deal, selling some if not all of your core operating subsidiaries at a crazy valuation ( remember Patrick is a deal maker + story teller, will not sell cheap ). Would you be even selling any shares pending the payment of cash consideration, unless you think your company is severely over priced.
There is zero logic to sell any shares NOW, unless the counter is way overpriced and by selling Rev Asia Sdn Bhd a theoretical value has now been assigned to the remaining crumbs of the listed vehicle. Why can't wait until cash dividend ? Or company worthless after this exercise
Either that or the deal with Media Prima might not even go through. Then, would you want to hold this counter when management doesn't even have the confidence / interest to continue running its core business operation.
what is the outcome of the said meeting today? Hope the outcome will be pleased by all.
0173 REV REV ASIA BERHAD General Meetings: Notice of Meeting
2233 Indication: Notice of Meeting Description: Rev Asia Berhad ("Rev Asia" or "the Company") - Notice of Extraordinary General Meeting Date of Meeting: 16/06/2017 Time of Meeting: 12:00 PM Venue: Level 19, Uptown 1, Jalan SS21/58, Damansara Utama, 47400 Petaling Jaya, Selangor Darul Ehsan Date of General Meeting Record of Depositors: 09/06/2017 Outcome of Meeting:
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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....
taitaumau
276 posts
Posted by taitaumau > 2017-05-11 19:26 | Report Abuse
Really sad to note that minorities collected 3.84 M shares from the largest substantial shareholder