What you should know about FAST (KLSE: 0084) before investing?

As a long-time follower for the company, I noticed that there is a lack of confidence by investors as displayed in the recent subscription results in their rights issue. Most people would think this is the end for FAST, but in reality, there is something hidden that you must know about the rights issuance.

Out of the 810.17 million rights shares with warrants available, it would seem like only 174.39 million of it were subscribed. But if you were to look closer on the rights issue announcement, majority of the investors who opted in for the subscription had actually DOUBLED their subscription count.

And a check-back onto their AP, we noted that the undertaking shareholding Firstberry is in fact the one who doubled down their investment into the company.

Why would they do so?

What is the rationale behind to keep supporting FAST despite the share price is dropping?

If they only needed to fulfil the requirement, why double down their investments?

These are some of the hot questions that investor must be able to answer before deciding to invest or not investing into FAST. For now, we are seeing a low volume, price hovering around at the current level due to some potential “collection” on the shares at a lower price.

I will leave the remaining part up to your imagination.