Asia Bioenergy Technologies Berhad (ABT) is engaged in technology incubation and investment holding company. ABT operates in four segments: technology incubation, which is engaged in provision of management and strategic advisory services, research related activities and sale of machineries with the objective of commercializing technologies in bio-energy and biotechnology sectors; Biofuel related products, which is engaged in sale of compounds for use in biofuel processes; information technology and other services, which is engaged in provision of information technology training, related services and equipment and corporate services, and biotechnology products, which is engaged in engineering, procurement and technology provision for biomass power plant as well as production and sale of microbial related products. On January 21, 2011, it acquired additional 13.8% in Ecompazz IT Sdn. Bhd. (Ecompazz).
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pillai65Why share consolidation is bad news? Its good move at a time foreign funds coming back,oil price above 50usd, no of share reduced so manipulation will be difficult and most shares rise after consolidation. Now price is only 5cents compare nta 3.9cents.so risk is low.if u already holding for 1year,why not wait until consolidation.
PmasterYup if after 3 into 1 the price drop bk to price now than really lose a lot
PmasterNow a lot of investor when lose money they will keep the share , So the trader cant force u to sell , than they will consolidate the Share to reduce your on hand stock quantity , now many stock Will do like this .
PmasterFor example cindy case now she have 100 lot after consolidate become 33.3 lot , if the price Not up sure cindy wont sell , than the pruce keep droping till lowest pruce , now another Share consolidate proposal come out 5 into 1 , rhan cindy on hand quantity will from Begining 100 lot drop to 6 lot only , whats your opinion ?
PmasterKeeping share sometimes need to think twise ! Am i right ?
pillai65When oil down to lowest and bursa was bear market,asiabio was holding @3cents, what u think at this moment? Now risk is election and oil price going back to 40usd,other than that still ok holding.only one advice if got profit max 20% get out ,dont enter anymore.
cindyso may i known n pls gv me opinion,should i keep or sell now,Pmaster & pillai65
pillai65Your cost is low 0.07 plus 0.05 so your cost below 0.07. 100 lot not much .i think u should gamble and hold. Sure price will drop but after consolidation if price up u gain.i believe price will up for short term.this counter is not like strong fundamental counters.but when number of share reduced and price increased manipulation will be reduced as well. But remember election is coming so investors will take wait and see attitude. If price up dont wait it will go higher take profit and exit .
pillai65Mara is institution & glc u think they will allow it to go zero.? Wake up my friend. Oil was 30usd,bursa below 1500,still it newer become zero. Give some logic reason why it will be hubline.i already made money 2years back when it reach 24cents.
PmasterHaha ! Seem i am the newbie , pilai65 is a master !
pillai65B4 i have no interest in this counter,still i saw 5.5cents 3months accumulation.i bought 5.5 sold 7.5. Now iwant to buy just waiting lowest it can go.because consolidation.when u have 1billion share @5cents big institution wont see at all,they have limit.why the director taking all the troubles applying with bursa for consolidation just to make it like hubline.? If u just say oh consolidation it will be like hubline where is the logic. Its not only present but future company earning that will push the price.
stncwsAsiabio bigshareholders in AT... Don forget AT!
pillai65For me One big problem is bn losing next election thats why i am waiting bottom,if things go wrong mininum risk.