Everyday contra player got trap and force sell, but the number are shrinking. ..after sometime they realised this stock are not for contra (for time being) then new capable buyer will buy slowly...especially when oversold like this.
It also the point where some already give up and simply throw.... .we call it capitulation stages.....best time to buy...worst time to sell. The sales supply actually lower each day
I believe people slowly collecting....looking at the volume....the seller has subsided...last wk people buy and collect. The co. hasn't started their roadshow/promotion activities and no Analysts has cover them (I believe otw).
Perhaps must propose to management to ask for transfer to main board. Alternatively 1) Propose bonus issue to make HSS below 20 sen stock if want to remain in Ace market(eg like Perak Transit 30% premium over IPO price because IPO price 15 sen only). 2) Try to be Syariah compliant
Further to the Company's announcements on 18 July 2016 and 26 August 2016, the Board of Directors of the Company (“Board”) wishes to announce that:
(a) the third case management was held on 15 September 2016;
(b) the Defendants’ Application for Leave was granted;
(c) the Defendants were directed to file and serve a copy of the Rejoinder on the Plaintiff on or before 13 October 2016; and
(d) the fourth case management has been fixed on 13 October 2016.
The solicitors acting for HSS Integrated Sdn Bhd ("HSSI") are of the opinion that HSSI has a good defence to the claim made by the Plaintiff. Nevertheless, in the event that HSSI is unsuccessful in its defence, the solicitors are of the opinion that the damages are unlikely to exceed RM300,000.00.
The Board is of the view that this legal suit will not have any material impact on the Company's order book and future earnings.
No material impact on company's order book and future earnings. but impacted current earnings ? Not certain whether there is any provision make in book. Likewise. You know i know.
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....
VIVAVIVO
11 posts
Posted by VIVAVIVO > 2016-09-15 12:36 | Report Abuse
manstar, why cut loss? surely would have got IPO rite?