Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

3iii | Joined since 2015-02-07

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Stock

2020-10-22 15:33 | Report Abuse

>>>>>>

Smart2Win Next directors won't bother if it slides down now; bcos they already have ten of millions from naïve shareholders to pay their salaries, perks, holiday oversea (hug K-girls like some airline boss), etc for the next 2 -3 years.
22/10/2020 3:25 PM

>>>>>>>



Post RI, the prices generally correct downwards.

Stock

2020-10-22 15:32 | Report Abuse

>>>>>>
stockraider If u jump into Klang river u die or not leh ??

No if if lah...!!

If ?


>>>>>{>


raider please don't jump. ah far from Selayang will always help you with a job.

Stock

2020-10-22 14:37 | Report Abuse

>>>>>>

Sslee Haha if Raider sold his oroginal Rm 5k on Netx ordinary share at 1 sen at today price of 12.5 cents he will only lost RM 2,500.
Now he had to pray very hard how much more he going to lose?

>>>>>{{



Only RM 5,000 and raider spent so much time in Netx. No wonder KYY laughed at dishonest raider and saw through him.

Stock

2020-10-22 13:30 | Report Abuse

How much money was raised through recent RI?
What is the outstanding ordinary shares, post RI?
What is the market cap of Netx today?



I opine the share price can still drop by half or more.
22/10/2020 1:08 PM

Stock

2020-10-22 11:20 | Report Abuse

Be careful.

conman spins a good story.

Using the NFCP, he promoted Netx. Today, he is rarely seen in Netx, staying away from embarrassment as everyone can see him swimming naked. He sold 10 houses and is among the Top 30 shareholders in Netx. Soon he will be begging with a bowl for help.




We are learning from your performance.

Stock

2020-10-22 11:14 | Report Abuse

>>>>>

Posted by sweng88 > Oct 22, 2020 11:06 AM | Report Abuse

@ Jaynetan , hi ,nice to see you here,how do you think abt Kgroup,is it worth to subcribe the right?Thanks

>>>>>>>


http://myinvestingnotes.blogspot.com/2010/01/some-rights-issues-are-good-others-can.html?m=1

Some rights issues are good, others can be very bad



Sharing this article to help you in your quest.

Stock

2020-10-22 11:10 | Report Abuse

>>>>>>

stockraider Already well documented Raider cost is 1 sen mah...!!

Pls check back lah...!!

>>>>>>>



All documented in this thread. dishonest again. raider asked everyone to buy at 2 sen. Yes he continued to ask everyone to buy as its price drops.


(Then dishonest raider declared to everyone he only bought RM 5,000 worth ofmother share. At least conman calvin is more credible.) :-)

How to have a good deal with a dishonest person. Stay away. Choose your friends carefully. Choose those with character traits you admire and learn from them.

Regards

Stock

2020-10-22 10:57 | Report Abuse

It is wonderful to see i3 website increasingly able to attract advertisements from good to great companies. (clap)

Stock

2020-10-22 10:56 | Report Abuse

The paths to hell are paved with huge attractions and temptations.

Stock

2020-10-22 10:52 | Report Abuse

raider is not only dishonest but stupid too. conman calvin is smarter. Rather than defending the indefensible, conman calvin has left this counter, absorbing his losses and admitting his wrong, and walk away from further embarassments.

Stock

2020-10-22 10:50 | Report Abuse

dishonest raider asked everyone to buy at 2 sen per share (50 sen post consolidation). raider should be put on a pedestal. :-)

Stock

2020-10-22 10:31 | Report Abuse

Ignore dishonest raider. We have little control of others but have full control of ourselves. Stay high while some choose to stay low.


For the whole year, conman calvin shared with everyone in this thread he is among the Top 30 shareholders in Netx. Did he make a lot of money in Netx to date?

Stock

2020-10-22 10:22 | Report Abuse

dishonest raider should cool off in Tibet.

News & Blogs

2020-10-22 08:58 | Report Abuse

Be careful.

conman spins a good story.

Using the NFCP, he promoted Netx. Today, he is rarely seen in Netx, staying away from embarrassment as everyone can see him swimming naked. He sold 10 houses and is among the Top30 shareholders in Netx. Soon he will be begging with a bowl for hwlp.

For Naim, he uses the return of your caputal to promote the stock. Be careful. A company paid Rm 1.70 one year after it sold its land. Post dividend its share price adjusted downward RM 1.70 by the same amount.

Stock

2020-10-22 08:52 | Report Abuse

>>>>>>

Posted by Good123 > Oct 22, 2020 8:41 AM | Report Abuse

share consolidation is a mistake, before share consolidation 1-.1.5sen (25-37.5sen).

>>>>>>


Good123 is from planet Mars. Very innocent but more probably, very ignorant.

Share consolidation was inevitable. It was obvious to Charles T from the first post of conman calvin.

Stock

2020-10-22 08:28 | Report Abuse

Huge upsurge in cases in Europe and North America. Vaccine will probably be approved in Nov/Dec. Initial group vaccinated will be small. Widespread use of vaccine will be in 2nd quarter of 2021.

Just like influenza, vaccine may protect. How long and how effective are still unknown? Still need to take all the present precautions: wash hand, social distancing and wearing mask.

News & Blogs
Stock

2020-10-22 08:21 | Report Abuse

>>>>>

Mikecyc haha poor raider .. will be getting poorer ...
22/10/2020 8:00 AM

>>>>>>


dishonest raider boastful. kaki kong kaki song. His conman partner mento is smarter, staying away from the obvious. :-) :-)

Stock

2020-10-22 07:43 | Report Abuse

Dishonest raider continues his lies.

conman calvin looks more saintly in comparison. :-)

Don't waste too much time here except to point out the obvious.

We know who are the patsies in Netx.


Good morning.

Stock

2020-10-21 20:42 | Report Abuse

conman calvin looks "saintly" standing beside dishonest raider. :-)

Stock

2020-10-21 20:39 | Report Abuse

Dishonest raider cannot be trusted. Pity his w---- trying to raise their kids to be respected members of society.

Stock

2020-10-21 15:21 | Report Abuse

>>>>>

Good123 netx is probably the cheapest tech stock based on p/b value in malaysia :)

>>>>>>


Explainable. Also the most gruesome tech stock.

Stock

2020-10-21 15:18 | Report Abuse

Dishonest raider is so fake. :-)

Stock

2020-10-21 09:55 | Report Abuse

>>>>>>

U should fuck them off b4 these sohai destroyed all your hard earned wealth loh....!!


>>>>>>>>




Followers of dishonest raider. Who has destroyed your hard earned money? :-)

Stock

2020-10-21 08:51 | Report Abuse

Good123

Growth can be good. Growth can be bad. Think this through.

In general, organic growth is safer and more certain.

Growth through acquisitions can be tricky. Often the desired outcomes are not realised.




Have a great day.


3iii

General

2020-10-21 07:35 | Report Abuse

QVM

Quality first, then Price

Always ensure Quality and Management criterias are met.

If not, discard the stock and don't even waste time on its valuation.

Your time is better spent on finding another stock.

Always look at RISKS first, then the potential reward.

Below captures an example to illustrate all the above points.



NETX

If only conman calvin and dishonest raider have been honest and truthful, they would not be swimming naked in Netx today. Scenery, Mikecyc and 3iii have all kindly highlighted the risks in this company.

Pride, stupidity and greed have blinded conman calvin and dishonest raider. Looking at these duo's posts, they are deplorable indeed. Are they kidding?

Their followers have evaporated and walked away with losses and shame. Shame because many participated in deleting the posts that were posted by the naysayers to warn them of the risks in this stock.

God forgives but the stock market can be most unforgiving. Stripped naked maybe painful but hopefully learning some valuable lessons will place them better to handle their next stock investment.


Good morning to all.

3iii

Stock

2020-10-21 07:31 | Report Abuse

If only conman calvin and dishonest raider have been honest and truthful, they would not be swimming naked in Netx today. Scenery, Mikecyc and 3iii have all kindly highlighted the risks in this company.

Pride, stupidity and greed have blinded conman calvin and dishonest raider. Looking at these duo's posts, they are deplorable indeed. Are they kidding?

Their followers have evaporated and walked away with losses and shame. Shame because many participated in deleting the posts that were posted by the naysayers to warn them of the risks in this stock.

God forgives but the stock market can be most unforgiving. Stripped naked maybe painful but hopefully learning some valuable lessons will place them better to handle their next stock investment.


Good morning to all.

3iii

Stock

2020-10-20 12:19 | Report Abuse

>>>>>>
nagachan This is a con stock
20/10/2020 8:47 AM
>>>>>>



Clever and simple summary. (clap)

Stock

2020-10-20 08:18 | Report Abuse

>>>>>>


scenery The problem with Netx is not bec of economy, is bec its management is only interested in printing shares to cash out from the public. Good economy or bad economy they also lose money.

they record last Q is from pumping MLAB unrealised profit, but MLAB share price drop to 3.5 cts already so their profit erase in this Q if they not sold.


>>>>>>{




scenery Thanks for highlighting and guiding many on the facts of this company Netx. We are fed lies and hypes by conman calvin and dishonest raider throughout this 1 year. Yes, the revenues of this company has shrunk and virtually close to nil. Given its huge operating expenses, including R&D costs, its operating losses have been massive. The latest reported quarter, Netx reported a positive earning. Not surprisingly, conman and dishonest hyped this. Of course, they did not reveal the whole truth like you do.

Great learning lesson: earnings can be easily manipulated. It is an accounting figure. Operating losses, that is, core business still losing money. Due to other income (one off accounting adjustment , non recurring, and non sustainable), it reported a positive earning. The smarter investor or the honest investor, always go deeper to uncover the whole story. Always use normalised earnings (that is adjust the reported earnings for non recurring incomes), look at the operating profit generated by the core business and its operating cash flow and always the free cash flow. Free cash flow is owner's earnings: this should be positive and growing, preferably.


Good morning to all, including those who maybe losing their pants again. Usually the price will drop once the bonus and rights exercise are completed. Usually the case because the insiders have to hype the mother share prices to sell the rights with the warrant as a teaser. You cannot create true wealth from these exercises, though some who are not knowledgeable like Good123 continues to post their ignorance.

The true wealth is created when the company adds value to the products and services they sell or provide to their customers. To date the businesses of Netx are gruesome and its management sucks. Avoid such companies at ANY PRICE. This has kept my investing very safe and profitable: staying with great companies for the long term and being rewarded through their growing earning power over many years. Only gamblers, who hope to make a quick buck from suckers (thus their incessant promoting) , confuse their gambling with investing; you know who they are here.


:-)

Stock

2020-10-19 21:41 | Report Abuse

>>>

calvintaneng All so clever now left here

Dumb 3iii dlady continue down and down

Shootup now shutup for good

Mikecyc has run to hide in forest

Netx shall do very well

>>>>{


The cleverest is conman calvin

conman calvin, dishonest raider and a few remnant followers have lost their pants in Netx

They have all lost at least 60% of their invested capital in Netx.

Shamelessly, conman calvin writes above just to feel good inside.

How to hide the truth

All of them are starked naked.



We pray for them.:-)

News & Blogs

2020-10-19 14:32 | Report Abuse

newbie8080 I like what you wrote. Very sound knowledge. What you shared is true. You can build wealth without having to excite others to play up the prices of your counter. Focus on the long term earning powers of your companies.

Stock

2020-10-19 13:11 | Report Abuse

Netx

Summary

Risk factors


You should consider the following risk factors before subscribing for or investing in the Rights Issue with Warrants:-

(a) the Group has been incurring losses since FYE 30 June 2018 and there is no assurance it is able to turnaround its financial performance in the near term;

(b) the Group faces stiff competition from other similar service providers;

(c) due to the rapid changes in technology, the Group's performance is dependent on its ability to continuously innovate and upgrade its applications, systems, software
and infrastructure in a timely manner to ensure that the Group's products remain relevant to its customers;

(d) the Group's products and services are exposed to cyber security risk; and

(e) the COVID-19 pandemic has resulted in adverse impact to the performance of the world's economies including Malaysia. Consumer sentiment is expected to remain dampened in the near future as consumers stay cautious in their spending and this may adversely affect the Group's business.






An easy decision. Sell or avoid. But it can be difficult for those already inside to cut loss. Just like gambling, they borrow and bet again hoping to break even. Alas the odds are not in their favour.

Stock

2020-10-19 09:41 | Report Abuse

>>>>

Good123 A 投资者 持有 2,000 股 NETX,那么他将会获得 6,000 股 NETX-OR(可以让你认购母股的 OR,每股的认购价格则是在 RM 0.130),并且在认购后你将会获得 3,000 股免费的 Warrant,相信这次会是 NETX-WC,而转换价格则是 RM 0.130..


>>>>>>


Translated:


The investor holds 2,000 shares of NETX, then he will get 6,000 shares of NETX-OR (which allows you to subscribe for the OR of the parent stock, and the subscription price per share is RM 0.130), and you will get 3,000 shares after the subscription The free Warrant, I believe it will be NETX-WC this time, and the conversion price is RM 0.130..



In general, Investor A will get 6,000 shares of NETX-OR (the investment amount is RM 780) that can buy the parent stock at RM 0.130. NETX-WC is free; however, if you want to convert, it is also RM 0.130 (the conversion office). The amount of investment is RM 390).



After investing this amount, Investor A is expected to have 11,000 shares of NETX in hand (2,000 shares of 6,000 shares originally held by rights shares and 3,000 shares converted by WC)



However, can Investor B choose to do nothing? Yes, but the stock price will still be diluted. The current market value of the company is about RM 48 Million, and the outstanding shares are 209,830,435 shares. After the rights issue, it can be increased to 839,322,031 shares (this is before the WC conversion). Will it fall? Ha ha



That’s right, NETX originally planned to integrate 50 shares into 1 share, but the plan was changed later; and the funds they collected will be mainly used to develop their ....

Stock

2020-10-18 20:56 | Report Abuse

>>>>>

Sslee By the way sting79 stockraider do not have so much money to subscribe for 1.5 million Netx RI. He only likes to bet 5 thousand on OR 0.5 cents and sell at 1 cents.
18/10/2020 8:33 PM

>>>>


Probably true. I told you the time when raider proclaimed he bought a large quantity of a certain stock (for reasons best known to himself) and when my friend, SimpleSoul called him out a liar, as on that day, the number of shares traded for that company was much smaller.

conman calvin is a Singaporean with small feet in big shoes. dishonest conman probably tells everyone he wears a condom meant for a horse.

-)

Stock

2020-10-18 20:47 | Report Abuse

Investing into Netx today is pure speculating. Unlike a startup, Netx has struggled for a decade or more with little to show.


A good investor will be patient. The better time to invest is not now.

Stock

2020-10-18 20:44 | Report Abuse

Company Life Cycle


Broadly speaking, companies progress through a predictable series of phases called the company life cycle.

The life cycle starts with the startup phase, moves into the rapid growth phase, followed by the maturity phase, and finally the last phase is decline.

The duration of the individual stages varies widely across industries and differs between individual companies.

The phases differ in terms of characteristics related to profitability and financing needs.


Stages of the Company Lifecycle

The startup phase is the first phase in the company life cycle. Companies in this stage are typically losing money, developing products, and struggling to secure a position in the marketplace.

The next phase in the company life cycle is the rapid growth phase. In this phase the company begins to generate profits. This phase is also characterized by rapid expansion and an increased need for and dependence upon outside financing to sustain the rapid growth.

The third phase is maturity. In this phase growth and expansion slow and the need for outside sources of capital subsides. The company is generating enough profits and cash flows to invest in all available projects.

The final stage is decline. During this phase the company remains profitable but sales decline. The company has more cash than it needs for all available corporate projects.

Company Life Cycle Phases

1. Startup
2. Rapid Growth
3. Maturity
4. Decline

Stock

2020-10-18 20:35 | Report Abuse

>>>>>

FINTEC/ASIABIO FIRST BOUGHT NETX AT 7 SEN AND HOLDING UNTIL NOW


>>>>>>



conman calvin

Did Fintec pay 7sen in past and this means, RM 1.75 today after consolidation?

Why not wait until they have proven themselves first? Follow Peter Lynch.

Stock

2020-10-18 20:27 | Report Abuse

http://myinvestingnotes.blogspot.com/2010/03/xinquan.html?m=1


My comment on Xingquan in 2010

Comment:

This is yet another recent IPO. I am wondering why 'anonymous' likes IPOs.

Given its short history, one will not be able to assess with confidence the quality of this company. Moreover, the integrity of the management is unknown and yet to be proven. In the absence of a track-record, those wishing to buy into this stock should treat this more a speculation rather than an investment as defined by Benjamin Graham.

An additional note on valuing this stock. When the price of a stock is low, all the valuations matrix look very 'beautiful'. This is something one should beware and take note of.

Always invest into quality company and a good management. In the absence of these, move on to another stock; don't even bother to value the stock.

Stock

2020-10-18 20:23 | Report Abuse

Xingquan is a stock which I have discussed in past. Will never touch this stock. Having failed my quality and management criterias, I moved on. Didn't even bother with its valuation. Why waste time whichbis better spent on another prospect.

Stock

2020-10-18 19:57 | Report Abuse

"Integrity is like oxygen. If you don't have it, nothing else matters."

"Be honest. Never lie under any circumstances. Just basically lay it out as you see it. Simply speak openly and frankly."

Integrity is also about principles, full disclosure and openness.

Integrity is a choice.

Stock

2020-10-18 19:55 | Report Abuse

The Burdens of Wealth

The burdens of wealth are in

the act of creating,
the fear of keeping,
the temptation of using,
the guilt of abusing,
the sorrow in losing and
the responsibility of handing it over to a succeeding generation.


Just like building a business, with wealth you need to create, build, sustain and pass the baton.

"For a person to build a rich and rewarding life for himself, there are certain qualities and bits of knowledge that he needs to acquire. There are also things, harmful attitudes, superstitions, and emotions that he needs to chip away. A person needs to chip away everything that doesn't look like the person he or she most wants to become." (Earl Nightingale)

Stock

2020-10-18 19:52 | Report Abuse

COVID-19 | The country's current trajectory suggests more Covid-19 cases ahead, said Health Ministry director-general Dr Noor Hisham Abdullah.

Noor Hisham said this is based on the current Ro value (pronounced as R naught) of 1.5.

Noor Hisham said the R-value is an indication of how many other people a Covid-19 patient can infect, or in short, the infectivity rate.

"For example, if the R-value is four, it means a person who is positive with Covid-19 can infect four other people during the infectious period.

"This chain of infection will grow exponentially if efforts are not undertaken to break them," he told a press conference in Putrajaya today.

Noor Hisham explained that during the start of this third wave of Coivd-19 cases, the R-value was at 2.2 on Sept 20.

"In the four weeks since then, this value has been reduced to 1.5," he said.

Stock

2020-10-18 19:49 | Report Abuse

How many in this thread believe that NetX is the beginning of a great company like Facebook, Amazon and Google? Ask raider, our dishonest promoter here. Don't laugh.


[For your information, we have a few companies in Bursa that have outperformed even the best tech stocks in US. Yes, you don't have to be in digital companies in US to ride up this bull market since March. Just needs discipline and the right philosophy and frame of mind. Always invest in great growth companies for the long term. ]

Stock

2020-10-18 19:44 | Report Abuse

stcws or strongcows was smarter. He left these duo promoters. Just look at his reasoning for doing so.

Stock

2020-10-18 19:40 | Report Abuse

>>>>>>>

stockraider I understand losing 6 figure is tough thing to swallow especially it is your hard earn monies loh...!!

What cause u to lose this big sum ?

I hope u learn something from this situation & make improvement on your future investment model...!!

Good luck to u...loh!

>>>>>>


dishonest raider and conman calvin have been very irresponsible. They promoted NetX and now most of their followers would have lost more than 60% to-date. Worse still, they asked them to take up their rights, thus committing another 200% more money into this gruesome company.

Every investor is different. Without understanding their investing objectives, time horizon, risk tolerance, financial education and financial capacity, what conman calvin and dishonest raider are doing, maybe good for them (pump and dump or ego or other reasons) but maybe very detrimental to some who followed them.

Very irresponsible indeed, driven by greed.

Stock

2020-10-18 15:20 | Report Abuse

>>>>>>>

Posted by stockraider > Jan 11, 2018 10:39 PM | Report Abuse

U NEED TO UNDERSTAND THIS LOH....THE CHINA FUND NEED TO COLLECT BIG ENOUGH POSITION, B4 THEY PUSH THE SHARE PRICE UP WITH ITS FURTHER AGGRESSIVE POSITION MAH...!!
SO THE FASTER THEY COLLECT HENGYUAN CHEAP CHEAP....THE BETTER THE EVENTUALLY STOCK PRICE WILL UP STRONGLY LATER MAH...!!

ACTUALLY RAIDER ASKING U TO HOLD TIGHT TIGHT & NOT TO SELL MANY TIME, IT IS ACTUALLY NOT TO LONG TERM INVESTOR BENEFIT LIKE RAIDER MAH...!!

BUT WHAT THE HECK? THE SMALL RETAIL INVESTORS ARE NOT MANY HERE LOH.!!
THATS WHY RAIDER & ENCOURAGE U NOT TO SELL & HANG ON MAH...!!
RAIDER DON WANT TO BE A LONELY RETAIL INVESTORS HERE LOH...!!

THATS WHY RAIDER ARE FIGHTING THOSE NAYSAYERS, THE ENVY, THE JEALOUS AND THE NAIVE FROM SPREADING FALSE NEWS TO SELL UR HENGYUAN LOH...!!

THE CHINA FUNDS ARE ACCUMULATING BIG LOH....!!

THEY KNOW HENGYUAN Q4 RESULTS IS VERY GOOD TOO MAH....!!

Posted by satan118 > Jan 11, 2018 10:23 PM | Report Abuse

From 2nd Jan 2018 till now (8 trading days) HY had gained 50sen. HY is still consider steadily moving upward. Will hav more vpower to move price to higher level.

Posted by stockraider > Jan 11, 2018 04:55 PM | Report Abuse X

JUST STAY ON COURSE MAH, THE BROAD MARKET IS CONSOLIDATING MODE, THUS HENGYUAN AFFECTED TOO, AFTER THE CONSOLIDATION MKT WILL BOUNCE BACK MAH...!!
HENGYUAN WILL FLY LOH...!!
TP RM 22.00 TO RM 42.00 IS NOT A DREAM MAH...!!

U must have a conviction loh...in order to be rich loh...!!

Posted by stockraider > Jan 10, 2018 10:43 PM | Report Abuse X

Don be a pondan loh.....!!

General Raider said the current normal trading range of Hengyuan is Rm 15.98 to Rm 18.98 loh.....!!

So today down Rm 0.08 is very normal....it is still under consolidation mah..!!

The TP of hengyuan is Rm 22.00 to Rm 42.00 loh....!!

If u r panicky...raider advice u this loh....if hengyuan drop below Rm 16.00, u lari kuat kuat loh...!!
If hengyuan by 31-3-2018.. still cannot exceed rm 19.00, u also lari kuat kuat loh..!!

Other than these conditions, u just dumb dumb hold....it will exceed rm 20.00 to reach rm 22.00 to rm 42.00 loh....!!

Trust the china fund buying power loh....!!

Posted by stockraider > Jan 10, 2018 10:50 PM | Report Abuse X

Hengyuan average monthly future crack spread until dec 2018 still quite strong about USD 9 per barrel....about 2017 level or even slightly better loh...!!

So do not be mislead loh......!!


>>>>>>>




Screwed in Hengyuan and never learn. Now screwed again in Netx.

Poor dishonest raider. Distressed until profanities flow from raider's many orifices. Truly pitiful. Sad for him.

Stock

2020-10-18 10:21 | Report Abuse

Given the terrible business and poor business fundamentals of Netx, the present price may still be too high indeed.

But don't take my words for this, make your own decision. Thete are differences between investing, speculating and gambling.

Stock

2020-10-18 10:18 | Report Abuse

>>>>>>>

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-10-09...

TOP 10 REASONS TO BUY DIGITAL STOCK: NETX (0020) A SUMMARY OF ITS SALIENT FACTORS, Calvin Tan Research
Author: calvintaneng | Publish date: Wed, 9 Oct 2019, 9:45 PM

Hi guys,

After much study and debate on NETX (0020) I have got better clarity

It is by brain storming that we finally sift out facts from fiction, perception and reality

And these are 10 Top Salient Factors for NETX,



1) NETX HAS MARGIN OF SAFETY

At 1.5 Sen with NTA of 3 sen Netx is selling at 50% discount to NTA. This qualifies Ben Graham 30% discount as a margin of safety

>>>>>>>{



conman calvin wrote on the huge margin of safety. It is so foolish to just think intrinsic price is the same as NTA price. Thus, his stupidity shines when he opined this counter at 1.5 sen was 50% below its NTA and he concluded it was undervalued and had a huge margin of safety. Due to his cleverness and superior investing skill and research, he promoted Netx a buy at 1.5 sen. conman calvin is stupid to the core because he has conveniently misled others, perhaps not himself?, by ignoring all the other related quality issues.

Do you know that when the price of a gruesome counter tanks, all the valuation ratios look fantastic, to those not so knowledgeable at least. P/E, P/B, P/S and P/FCF all look like bargains when price falls. Always redo your due diligence.

So what happened to Netx? At 1.5 sen, conman asked you to buy because it has margin of safety. That is the potential for reward is very high, the chance for loss is very low. Smart calvin
After consolidation, those who bought at 1.5 sen would have paid 37.5 sen to own the present share of Netx. Today Netx is at 14 sen and for every share bought at 1.5 sen before consolidation, he would have lost 23.5 sen per share. This is a loss of 63%.


Now can we conclude that conman calvin, dishonest raider and some of their followers are found swimming naked today. Similarly, just like dishonest raider shouting margin of safety everywhere ( classic example in Hengyuan), we can conclude conman calvin knows nuts about margin of safety.

Have a grest Sunday.