A sign on how chronic the seeds of bad governance has swept into the Securities Commission and Bursa Malaysia, can be best gauged by the requlators absolute silence on the sudden conversion of about 22 million Revenue Group Bhd Warrants that will expire next year.
APART from the 8 sen or so required to purchase the warrants from the open market, one will have to pay Revenue Group Bhd 75 SEN to turn the warrants into mother shares.
CONSIDERING, Revenue Group Bhd mother shares are trading at 35 sen a piece, questions should be asked on the market sence of paying a premium,in EXCESS of 100 per cent more than the market price of the mother shares.
BEYOND that, the conversion of the 23 millon warrants to mother share will result in Revenue Group's cash balance improving by some RM17 million cash.
OBVIOUSLY, the Victor Chin Boon Long game plan is to show the market when it announces its third quarter results this month, that Revenue Group Bhd has a strong cash balance, and it is not heading for doom.
Tks to Eddie Ng the main conman to allow this Mafia gang to manipulate all this wayang. This mafia gang so powerful till no action taken against them. Current government also same la. Talk loud loud but no action one.
those who held the warrant had to pay the price now. Oh my. I think even before the M Grup come take bover, the BwK had oredi had these cunning and conning intention. Oh my. What this kounter become. Another sampah in the making, perhaps its already made into one.
technically if sustaining well at 35c ... might c the price go back to 40c... otherwise sure below 30c... good luck everyone here... happy wesak day ...
That is why in life don't con ppl. This bunch of conmen may not believe in karma but one day karma will strike on each of them hard! Just wait for the time especially Eddie Ng and the Mafia Group. Haha
0.10 more likely.Looking at their business model, not much r&d done. Just rely on jusl machine will not do. They need something to push it back to contention. Umfortunately, won't be happening, nothing to shout out in it's business model. If buy more will only pangsai more only. Too many conmen in this counter.
This counter is unique in cheating. All the fake dramas especially the 3 Ngs lead by the master mind Eddie Ng. Is this Eddie Ng planning to start a new company and again list in to Klci?? Haha
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....
redhotpepper
758 posts
Posted by redhotpepper > 2023-05-03 13:05 | Report Abuse
Down south today. When this counter want share QR result?