Their acquisition price are 0.36 as announced , so ... they will try to make profit out of it .... How ? then we will see in the next few weeks drama ..... tak kan they want to push down to penny stock below 0.10 to hurt themselves ??
End of the day this 3 NGs are conmen lo. This company is being manipulated by them and if you ever see them in person, maybe can throw some rotten eggs at their faces.
I think they (or the gang behind) still need to settle the 2 brothers .. how ? hopefully in a businessman-like way ... you win I win ... then they can plan M&A lah .... new projects lah .... in order to talk UP the share price (maybe ?) judging by what they did in greenpacket) ... don't you want this to happen ?? LOL
EN sold his shares off market long ago but the two fellows have recently acquired their shares this week through pledges from 3rd Parties .who are the third parties ? The M Group is in disguise.
it becomes a berhad with some business activity and dont have significant majority shareholders maybe maybe it will become one of the goreng stock like previous MCO that time a few related con berhad goreng together
To put it this way, the two fellows so called " IT experts " (Leong and Teh ) are just nominees of the " M Group ", Basically, they are just the " puppets " of the M Group.
End of the day, you still need to look at the fundamental of the company ! They have been making non-stop profit since IPO at Ace (except the last 2 quarters), then got transferred to Main board, with many banks, merchants as their anchor customers, with healthy ecosystem with end users, NTA ard 0.31cts, net cash company, used to be darlng stock by most funds .... DO you think their business will just collapse over night ??
YES ! Every companies can collapse overnight, i think you should worry more about those PN17 + loss making companies first then strong fundamental companies....
The two fellows so called " IT experts " (Leong and Teh ) are just nominees of the " M Group " who have recently pledged their shares to them under certain conditions so basically, they are just the " puppets " of the M Group whether you like it or not.
Exactly, The bankers and others are bound by the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) , do you honestly believe the bankers and others wanna associate themselves with the M-Group ?? Are you nut or what?
If you have checked properly , all the shares being pledged to the two fellows ( Leong and Teh ) are from M-Group. When these two fellows ( so called IT experts) are made as executive directors who are also seen to be holding substantial shareholdings in the company, it creates a good impression and confidence that the two fellows are seriously committed to turn the company around.
What a good camouflage and disguise in display ! As said, you can fool Tom, Dick and Harry, but you cant fool the Market.
Just announced :- Dino NG acquired 16 mils on 21-3-23 !! Interesting ! Ng bros ' gang vs "mafia gang" ?? both gangs also acquiring .... but share price dropping ???
One interesting facts i discovered just now, their total share number is 482 millions, the Buy queue at 0.275 as at 5pm is 227 millions ! Meaning a very huge fund is waiting there and whoever dump all 227 mils to them , they could instantly trigger mandatory offer rule to take the whole company private !! 0.275 price is too dirt cheap to take the whole company private considering their NTA is already 0.31 and ... not yet valueing their potential business value !!
The lady Youtuber was incorrect for the 2nd factors.
The shares acquired by the two fellows ( Leong and Teh) are basically the pledged shares from M Group who acquired cheap from EN off market earlier on.
The M group want to take full control of the BOD but are reluctant to acquire shares open market cos its expensive to do so. Hence,they resorted to acquire the shares from EN cheap off market . The next step is to pledge their shares to the two fellows.Their purpose is just to convince the market that these two fellows so called " IT experts" with substantial shareholdings are serious to turn the company around in disguise.
Recently , a number of ex- law and enforcement officers such as ex- police heads, ex-DPP ( Deputy Public prosecutors ) etc etc have been appointed by Mafia Group ( M Group ) as non-independent directors sitting the BOD . Why? it is because they want to be portrayed and seen as " the Good " gangs with the participation of those ex law and enforcement officers . Honestly speaking, do you really believe that ?
Secondly , it is their strategy to mitigate the impact of the on-going investigations on them. The current investigation officers in charge could be friendly to the M Group due to the presence of the ex law and enforcement office on board. All these are displayed in disguise.
Another interesting fact is that there was a huge block of 220 million +++ shares queuing to buy at RM 0.275 yesterday afternoon.
Who created such a huge block? Could it be the Duo ( Dino& Brain), or the M Group or 3rd party friendly to the duo or 3rd party friendly to M Group or another independent 3rd party ( 3rd unknown force ) ?
From the insider news, Dino acquired 16 millions++ back to replenish his shareholdings to 14.21% ( He used to hold 17.71% singly ). It is believed the the M Group is holding about 12%-15% through proxies . Their main proxies now are basically the two fellows so called " IT experts" by the names of Leong and Teh who are having the pledged shares collectively about 12% .
From the above basis ,both the Duo and M Group are believed to be fighting for more shares to take full control . Once either of both parties has managed to reach shareholding of 33% or more , that party will be able to trigger " Mandatory take -over ".
In my view, it could be another 3rd force to join in with the huge block to prevent both parties from reaching the required number to trigger the mandatory takeover or the agenda of the 3rd force is just to protect its own interest by preventing the share from being further depressed and plummeted to penny stock. Thats why the lady youtuber has swiftly posted for a " buy call".
Nevertheless, it is interesting to see if the block will continue to be present next week or not . Yes or No, you should know what to do next .........
It can not be denied that both parties ( the duo and the M Group ) are capitalising on the fear of the the panicky chicken heads throwing cheap tickets to them.
To counter this, a 3rd force is believed to have stepped in with the huge block to prevent both parties from achieving their agendas.
It is interesting to see which party will trigger a " mandatory take-over" . The Duo ? or the M Group ? or the unknown 3rd Party ? well well well , the climax of the drama has just begun.......
Have you heard of a saying ? " When two dogs strive for one bone, a third runs away with it" . To put it another way, when the duo and M Group are fighting for more shares at the depressed price , the third party like the youtubers and followers stand to benefit from it too.
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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....
Lewis Lee
1,693 posts
Posted by Lewis Lee > 2023-03-24 16:00 | Report Abuse
Their acquisition price are 0.36 as announced , so ... they will try to make profit out of it ....
How ? then we will see in the next few weeks drama .....
tak kan they want to push down to penny stock below 0.10 to hurt themselves ??