Yes. I have to face huge lost because of the announcement as designated rule. I can’t do any cut lost Activity on Tuesday and Wednesday but only can see them limit down Again and again. I only can Stop lost today because it credited in my share today. I already made report and complaint on Bursa thru email regarding this event. This is so unfair to us. If we make wrong decision, we take the lost. But in this case we have to take the lost after 2 times limit down. Wtf? It is a CON.
The designated stock is to protect investor, but in this case it is killing us.
Not about the amount of money. It is about the rule, the announcement made after I purchase The share and I don’t allow to sell on next trading day because they no credit in the share to me. Why this is allowed to happen? I believe there are a lot innocent investor having same issue like me. I feel this is a CON. We not purchase after the announcement but we purchase before the announcement And we have to face this bullshit. Bursa should have a fair treatment on us.
Dealer told me..the oversold shares will cancel..the get notice from bursa but still pending official..so mine one today as T3 no need to force sell because bcoz the shares not in CDS..that why my sell order rejected...
ECGC
Meaning none is being furnished into you account correct? the money will be credited back to your trading account then. correct?
The beauty of this Cap Ayam Icon stock is High risk associated with Fantastic Gain$$$$$... So please STOP becoming a Crying baby to those lost $ - even losing seluaq kecik.
Today is the last day for T3.. Last Clearance..whether you like it or not got to let go at the whatever price for today. hoping for the sunshine tomorrow..
First time I hear of such a thing. If there were no buyers how to be 'oversold'?
T+3 means the shares no longer in your control if you did not pick up. Means it will be forced sell at whatever price then. The loss will go towards your acct. Those shares that went into your CDS meant that you had some money in your brokerage to pick up when it became due. If you had money you should have given instructions to pick up earlier, then sell after that instead of waiting for the forced pick up.
ECGC.....Dealer told me..the oversold shares will cancel..the get notice from bursa but still pending official..so mine one today as T3 no need to force sell because bcoz the shares not in CDS..that why my sell order re
if a stock sold but fail to deliver on t2, a buy-in will impose . the seller to pay the penalty. the buyer will get his or her shares. if still fail to buy in from the market, bursa will decide , be it cash settlement(precious cases)
if a stock sold but fail to deliver on t2, a buy-in will impose . the seller to pay the penalty. the buyer will get his or her shares. Means I will not get any compensation for the delay of settlement? Bursa will just penalise the seller?
i do sincerely hope we learn the rules and terms in trading of stocks,be it local or foreign exchanges. we need to follow the rules(unless you are super power}, but not the rules follow us. no point or sense cursing others when we ourselves are ignorant of knowleges and informations .
Ok....Any professional here? Let's make it simple and easy I not sure whether this will be helping out a not since Icon is about to play tricky on us. I just found out a way to counter them but not sure it's work a not.
Example : Let's say the Icon Share Consolidate from 1,000 divide by 50 so you will be holding a 20 mother share and lost 1980 share on your hand.
The Price You Purchase before the ex-entitlement is RM 0.05 x 1000 = RM 50.00
So after the consolidate you just lost RM 49.00 and the total of your investment is RM 1.00
Ok....here is the important part of playing fields about the subscribe for the price of RM 0.105 x OR or Right Issue. So the top example is when you have a OR or Right Issue share that Icon given you is 2,000 share so this is the way how they trying to trap us to buy purchase RM 0.105 for 2000 = RM 210.00 and your previous investment was RM 49.00 so total will be RM 259.00 and they free extra 500 warrant for us and just to make us happy as well after that the price they will try to pump down below the right share price RM 0.105 we will be losing more.
So now I have call them on hold my bank draft which today i have already submit to them. If we play smart we will earning back from them again. let's say the price drop back to RM 0.05 your total investment will be RM 100.00 for the 2000 Mother Share when the price strike up we will be earning back all the things..If we don't greedy for the 500 warrant share.
icecool : Opps...I think many of them will be crying and soon will need to street butt naked on the road pity them seriously..Lucky I close on my oversea counter to get back my profit more than what i invest on this counter xD..
ferdtwh : Yes I believe the price will be getting lowest because I go through their few years chart I see their price not moving good and also if they want to get the money from us they will just need few month only.. then when we bought again they will make a announcement again say share consolidate again then 50 to 1 share again. The price won't strike up if I am not wrong.
At least if we buy again when they strike RM 0.10 we sell we still earn each share RM 0.05 cent better than you subscribe for RM 0.105 if the price won't hit up more than that you will losing more. your previous investment and your new investment as i mention on the previous post.
i am very shock to read some comments here complain this complain that ....honestly i dont find any issues on this icon shares. First must understand the effective date of designated is on 28/01/20. Those bought on last friday is 24/01/20, after T2 closing, shares will be in system but market dah tutup mah. Then only t3 which is today lah, but too bad drop like lausai !!!! That why orang marah marah...I am more surprise so many ppl here got involved in this counter
Bursa suppose to protect the public being scam yet it approved such an unreasonable consolidation. It is so obvious a day light robbery case. The price has been drifting down from 0.25++ to 0.03 and I think there are many people still holding the shares. The only way to force you selling back to them is to consolidate and lower down the price again 2nd times. Dirty business both the company and bursa
They are not professionals. Pretend to be professional. Cap ayam qualification and gambler mentality. They work like scammers instead of protecting innocent traders.
Jaynetan, Carphoporus.. I'm sorry if i spread a fake info. Later until i get clear info and confirmed, i will update. The phone call from my dealer might misunderstood, but referred to my broker webpage, there are reminder notice about Icon and Icon-Or designated issue.
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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....
HuatlaiOnglai
331 posts
Posted by HuatlaiOnglai > 2020-01-30 13:09 | Report Abuse
guys too early to tell on ICON future price. Most important is the business fundamental need to be strong in order for the share price to improve.