Just received the form for the subscription of the right issue and decided not to subscript for this Con counter after early cut lose. All counters under Mak's group to avoid in future..too much cooperate exercised for the past year. their tricks to enrich themselves at the expenses of small and new investors like us and Lesson paid but not to repeat again.
Really admire the bravery of those who still buy or holding this share. Right issue at 10 sen with free warrants also not many want to subscribe but still got people buying now at over 28 sen. Likely control by syndicate now before selling over the next 1 week or so after the subscription date of the rights issue on 6 july. Maybe can just for day trading only before u lose your underwear when the massive rights shares come flooding out later this month. Good Luck to those still buy or holding this share !!!
Mean till 6 July, the right subscription still open? But it is already over by now as there is no much impact to own share now with no benefit, who will still want to chase this as there is no reason for this to fly at all.....
by now, the directors would know as to how much RO been subscribed up till now...It just doesnt make senses for the GENG to push up the mother share price for now as there is no new price sensitive news on this counter. If any, every sentiment here is that the theoretical price of PKGB would be just above 10 sen, should the RI be subscribed in massive way. Thus, current price seems runaway...and no need for GENG not to support it even after 6 july - ie the last date to subscribe!
not many people bother about the reason anymore. as long can goreng, goreng saja lah.. please clear the highway as they will push to LU this week, maybe.
Well said bojed n aldehid....my expectation is that there will be some upward surprises on this stock this week...Other than enticing to subscribe to rights, other developments could be the story. Many positive "signals" are being laid ahead
Its seem too good to be true...2-3 weeks ago after consolidation exercise the market value of the company was 45.3million and today is 347m almost 7.7 time within 2 weeks time that is not logical and also the many good value Construction Companies are in deep shit now.
This is the weird thing, when listed only price will drop, today already last day to subscribe and what is the point to push up the price, who will go chase or banking on hope, nobody know that 21 july, the right issue share will be listed....
So, will see tomorrow then since assume today last day to subscribe with assumption this madness is to give a hope to subscriber who bought at 0.10 thinking if the price flying or even maintain above 0.20, all will be rich!!!!
I was really frustrated I didn't bought it at 0.22 last Friday eventhough I've studied its movement but I'm glad I bought 100,000 units at 0.29 yesterday.
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....
ken2004
1,697 posts
Posted by ken2004 > 2021-07-01 17:28 | Report Abuse
The one chasing high sure gone case later.....