Or using another plc to buy, pocket money personally and use plc money to pick up and hold. Fintech or xox or permaju, that why bursa and SC all corrupted
Those bought the stocks at high is now cornered by the programmed selling pressure. Either u exit at 0.190 today or risk holding the shares at 0.10++ after RI for the next 3 to 6 mths until they do another RI exercise
The people behind Mak is backed by very experienced rogue manipulators. They have deep pockets. You may get the hint from the other shareholders from PDZ and GreenOcean.
I suspect 55% of the RI is taken by (Mak and Wan) themselves as the promoters. I don't believe IB will undertake the shares. The remaining shares are held by operators of fintech. I guess they raised millions from the past 2 weeks to fund the promoters portion. I don't believe the total RI raised will come from retail investors. The question is what is the exit game/benefits for the bosses backing Mak.
The pressure selling could been expedited by our blogs/comments/their tarnished reputations. They could have played up the shares for 1 or 2 more days. I guess their ill-intentions through this exercise did not reap their maximum expectations. This is the comforting message I leave for buyers who have been caught by this round.
This is the thing, who will buy over those 0.10 share next week, will they able to keep up the price after RI listing as if keep dropping, they as the major shareholder will be in heavy losses also I see, retailer is just tiny portion of the shares......
I'll be observing the gloves and technology counters that have strong fundamentals and proven financial track record during this period until August. After August, please ready for another tough financial crisis in Malaysia until December.
Mak is park of group member, benefit all sharing profit! They are talking about 10mil per counter, please compute how much these group is making since last year? Tehy just recycle the money, do counter by counter so the money keep rolling, volume game. Use money raise from public to buy other plc, and they exit so end up money go to their pocket
They don't care for reputation, is money check their group? Using UBS and credit suite to buy from oversea at low, then sell to their proxy at reasonabke High price, so UBS take profit oit from Malaysia ( they are behind UBS) then use another plc which just raised fund for right issue for any glove or solar project but end up call off, signing mou with own plc, ( please check, xox with mnc, vsolar with pasukhas, sanichi with AT ext all rubbish,) end up profit pocket money another round and share hold under plc
I sincerely hope that SC will take action against fintec group of con companies, investigate thoroughly their accounting statement, nature of business..etc...
casting the fish net is difficult as Mak is just the honcho / wayang. There are many candidates to replace him. I'd rather let their names on surfaced and reduce the intensity. Can't clean them up as #Bettertomorrow mentioned..the money pays all levels. We as investors need to learn and clean up our acts as well. Be a responsible trader
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....
Play_Joy
224 posts
Posted by Play_Joy > 2021-07-15 10:45 | Report Abuse
Sell at 0.195 while you can....whoever in there....price will go down very soon