In December 50 millions Netx were given as Esos for employees of Netx (directors were excluded from this exercise )
Now Rm1 million divided by Netx employees mean 6 months or more of their hard earned salary
To buy Netx at 2 sen with own hard earned monies show that they have faith in Netx's future.
So they are also as concerned as us outside investors to make sure Netx does well
Our interest is also their interest as we invest together for the Nfcp fiberisation theme
Posted by calvintaneng > Jan 9, 2020 10:05 PM | Report Abuse
Why directors not given esos in December 2019?
Because Directors used their ultimate holdings of Fintec/Asiabio to buy 103 millions Netx shares in August
103 million Netx shares about Rm2 millions
People say small amount.
But do they know the combined salary if 4 directors of Netx only just over Rm500k per year?
Rm2 millions will be their combined 4 year salaries
Now they said they have no CEO because they wanted to save on cost.
People questioned Rm72.7 millions Netx has with subsidiary apart from Rm35 million Net Cash in the Bank
So the total cash and cash equivalent of Netx is at least 3 sen
If Rm72.7 millions with subsidiary is fake then why should Directors invest Rm2 millions (4 years combined salary) and Employees also took up 50 million Netx shares at 2 sen for Rm1 million cash (about 6 months or more of hard earned monies )?
Jjohnchew chewing too much curut has clouded vision and cannot see. Such a blind bat trying to spam his lies here day and night?
Now even more investors asking for more pp shares. Why? You remember in hibiscus?
People asked for lots of pp at 20 sen to 30 sen seeing hibiscus going to strike oil
And they were correct.
Hisbicus later up by over 500% to over Rm1.00
Only then other Sifu saw the good prospect of hisbiscus and chased it
So will be Netx.
Now lots of early investors directors, pplacees and employees zeroing in on Netx Chun Chun
Later after Netx goes into a bull run many others will join in
But only early birds get to pick the best price like now
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Previous private placement see no benefits to shareholders. That is enough. Continous private placement without deliver tangible results is detrimental to holder, benefits on directors and its suppliers.
You may try be its suppliers. Maybe you get offer under table. Make more than shareholder.
2020-01-09 23:05
Esos shares today may had transfer to your hand and other buyers these two days. If you seek thrill maybe datuk calvin you can try promote htpadu for me. But dont use jesus christ. That is a sin.
2020-01-09 23:10
Of course not, even insane one think he is not insane. But these two days i guess confidently. 100mil share without moving the price. Esos share is likely had changed hand.
See, i wrong but i think i am not wrong. Wrong replace with stupid and see
2020-01-09 23:30
Cheoky
Netx is a start up in tech like Amazon, Alibaba, Facebook still in early days
All the pp were used to expand company business
Rm72.7 millions loan to subsidiaries are incremental
The employees Esos were at 2 sen. There is transaction fee. Why should employees dispose at 2 sen and incur a loss of transaction fees?
And who are the buyers who took up the shares at 2 sen from open market
Directors of Netx first bought into Netx at 7 sen real time cost in year 2015 and still holding
In year 2016 they took up Rights issue at 5 sen and still holding till now (any selling or disposal by Asiabio being substantial holder above 5% must be reported to Bursa. So far none reported. That means they are still holding all Netx shares bought from 7 sen to 5 sen today.
And if Netx is so bad as naysayers input then Directors would have sold like London biscuit, barakah or Utusan and run. Why they buy 103 millions Netx shares again in August 2019?
Why employees of Netx want Esos at 2 sen for 50 millions shares if Netx is no good?
Are directors and employees stupid? Or do they SEE SOMETHING YOU GUYS DO NOT?
LEARN TO THINK DEEPLY AND SEE BEYOND THE OBVIOUS
2020-01-10 01:12
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)
A company can sustain its business activities as long as it has positive equity.
NetX is a bankrupt company if not for the ability to raise equity funds on a regular basis.
Given its lack lustre performances to-date (losses), it may not be able to one day.
2020-01-10 09:28
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)
A value investor studies the risks facing the company before looking at its potential rewards.
A top down approach is fraud with a lot of uncertainties. Yes, the NFCP is going to benefit a industry. The players in the industry are OPCOM, Redtone and few others. As for NetX, it is not obvious. NetX has not been in infrastructure work for so long already.
Yes, they may wish to revive this segment of its business. But, there is no evidence they are doing so, so far at least from the announcements in Bursa.
Its private placement was for better or improvement to the GEMS project which they started and delayed in delivery. This project seems to suck a lot of capital with little to show in income. There is no mention that the private placement was to raise capital for their future engagement with works from NFCP.
calvin does not know what he is analysing.
2020-01-10 09:32
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)
I think this company NetX is not worth its present price. Its value is probably less than half of 1 sen (0.5 sen). Its only property (hard asset) is a building valued at 5 m or so. Its balance sheet is weak indeed.
Its present big hope is not the NFCP. It is probably its e-payment system. But this is a highly competitive field and the many players are sacrificing profits for market share. There will be no profit for the next few years, except a lot of capex and operating (administrative and operating) expenses.
2020-01-10 09:35
Netx is an inspiring work in progress
It is turning around now
Sifu Peter Lynch timing is of utmost importance in buying turnarounds
For Netx the time is now
Nfcp job award coming out in January 2020
2020-01-10 10:43
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)
More private placement of shares is announced today, 9.1.2020. The price per private placement share is at 10% discount to recently traded price on date to be determined.
The managers of NetX accept its securities' prices, rather than business fundamentals, as the determining factor in valuation.
The management of NetX believes that the market price is an accurate reflection of its value. Their actions "prove" the market right.
Accordingly, stocks of NetX will be issued in its private placements, at a low price that significantly dilutes the value of existing shares.
Without the frequent raising of new capital, NetX would be insolvent and facing bankruptcy.
2020-01-09 22:35