SSLee

Semiconductor stock

Glove stock

Year to date (from 1.1.2020 to today)

My portfolio has shown a capital gain of 10.4%.

It is a difficult year. Shares tanked hugely in March and many have remain at low prices to date.

My portfolio has 26 stocks.

10 stocks constitute 92% of portfolio value (top 6 stocks account for 78.7% of total portfolio value).

The next 16 stocks make up 8% of the rest of the portfolio value.

Thus, this is a concentrated portfolio where a few stocks account for the 90% of the total value.

Results:

Of the top 10 stocks:

8 losers: ranging from -4.6% to -27.8%

2 winners: 69.6% and 1187%


Of the lower 16 stocks:

14 losers: ranging from -0.7% to -78.5%

2 winners: 19.4% to 28.2%.


Like many in Bursa, a single stock in the right sector provided all the superb gains for this year, erasing the losses in the other stocks. Nevertheless, with all the stock prices of the other stocks in the doldrum, this portfolio has potential upside more than downside in the years ahead, when economy recovers.

2 MOUs involving companies with common directors. Just ignore these in your present assessment of Netx.

A bit of sandiwara with the timing of these announcements.

>>>>>>>


CharlesT Hv to goreng up further next week...or else no waterfish will subscribe for the rights issues...lol
09/10/2020 5:34 PM


>>>>>>>>>


conman calvin refuses to accept any other explanations.
:-)

>>>>>
$$$$$$$$$$$$$$$$$$$

SUMMARY OF THE RIGHTS ISSUE WITH WARRANTS


1. MINIMUM SCENARIO RM 10,000,000 RAISED.

The gross proceeds to be raised from the Rights Issue with Warrants will be utilised in the following manner:-

Proposed utilisation of proceeds
Expected timeframe for utilisation from completion of the Rights Issue with Warrants
Minimum Scenario(RM'000)


(i) Development of a F&B e-commerce platform
Within 18 months
5,000

(ii) Marketing of GemSpot and GemSpot Lite
Within 36 months
4,100


(iii) Development and integration of a business intelligence and
data analytics system
Within 36 months
-

(iv) Acquisition and/or investments and/or partnerships in other
complementary businesses and/or assets
Within 36 months
-

(v) Working capital
Within 24 months
-

(vi) Estimated expenses for the Corporate Exercises
Immediate
900

Total 10,000




2. MAXIMUM SCENARIO RM 81,834,000 RAISED.

The gross proceeds to be raised from the Rights Issue with Warrants will be utilised in the following manner:-


Proposed utilisation of proceeds
Expected timeframe for utilisation from completion of the Rights Issue with Warrants
Maximum Scenario(RM'000)

(i) Development of a F&B e-commerce platform
Within 18 months
5,000

(ii) Marketing of GemSpot and GemSpot Lite
Within 36 months
25,000


(iii) Development and integration of a business intelligence and
data analytics system
Within 36 months
8,000

(iv) Acquisition and/or investments and/or partnerships in other
complementary businesses and/or assets
Within 36 months
25,000

(v) Working capital
Within 24 months
17,934

(vi) Estimated expenses for the Corporate Exercises
Immediate
900

Total 81,834

>>>>>







Of interest, how much money can this company raise through its rights issue?

The minimum scenario is RM 10 million (3 directors have promised to make up any shortfall up to this amount).

The maximum scenario it hopes to raise is RM 81.834 million.



If only the minimum scenario is achieved, shareholders of this company can expect this company to keep coming back for more fund raising. Why did I say so? Well, in the maximum scenario proforma, Marketing budget for Gemspot and Gemspot Lite is RM 25 million and this is a lot higher than the minimum scenario of RM 10 million.

>>>>>

NetX
Share Trade Detail
Share Trade Value (RM) 2,024,965
Share VWAP (RM) 0.156
4 Weeks Price Range 0.136 - 0.275


NetX OR
Share Trade Detail
Share Trade Value (RM) 79,866
Share VWAP (RM) 0.005
4 Weeks Price Range 0.005 - 0.010

>>>>>>




This company needs to raise money for its businesses. To encourage and entice 'investors" to take up of rights issue, the mother share price has to rise.

As an investor, you should focus on the business and its fundamentals.

$$$$$$$$$$$$$$$$$$$

SUMMARY OF THE RIGHTS ISSUE WITH WARRANTS


1. MINIMUM SCENARIO RM 10,000,000 RAISED.

The gross proceeds to be raised from the Rights Issue with Warrants will be utilised in the following manner:-

Proposed utilisation of proceeds
Expected timeframe for utilisation from completion of the Rights Issue with Warrants
Minimum Scenario(RM'000)


(i) Development of a F&B e-commerce platform
Within 18 months
5,000

(ii) Marketing of GemSpot and GemSpot Lite
Within 36 months
4,100


(iii) Development and integration of a business intelligence and
data analytics system
Within 36 months
-

(iv) Acquisition and/or investments and/or partnerships in other
complementary businesses and/or assets
Within 36 months
-

(v) Working capital
Within 24 months
-

(vi) Estimated expenses for the Corporate Exercises
Immediate
900

Total 10,000




2. MAXIMUM SCENARIO RM 81,834,000 RAISED.

The gross proceeds to be raised from the Rights Issue with Warrants will be utilised in the following manner:-


Proposed utilisation of proceeds
Expected timeframe for utilisation from completion of the Rights Issue with Warrants
Maximum Scenario(RM'000)

(i) Development of a F&B e-commerce platform
Within 18 months
5,000

(ii) Marketing of GemSpot and GemSpot Lite
Within 36 months
25,000


(iii) Development and integration of a business intelligence and
data analytics system
Within 36 months
8,000

(iv) Acquisition and/or investments and/or partnerships in other
complementary businesses and/or assets
Within 36 months
25,000

(v) Working capital
Within 24 months
17,934

(vi) Estimated expenses for the Corporate Exercises
Immediate
900

Total 81,834

NetX
Share Trade Detail
Share Trade Value (RM) 2,024,965
Share VWAP (RM) 0.156
4 Weeks Price Range 0.136 - 0.275


NetX OR
Share Trade Detail
Share Trade Value (RM) 79,866
Share VWAP (RM) 0.005
4 Weeks Price Range 0.005 - 0.010

Please read the prospectus. Gruesome business raising funds to remain in business, and for working capital.

How many of you watch Shark Tank program on TV?

Look at how these sharks go about assessing and buying their companies. You will learn a lot about how they value their businesses. Watching this program does help you to understand buying stocks too.

>>>>>


stockraider Don be sohai being frighten by sohai 3iii loh...!!

U should buy at least 1m netx OR at 0.5 sen n then apply for another 1.5m excess rights share mah....!!

This is how u make very big monies mah...!!

>>>>>>>>


If dishonest raider is so clever and not a sorchai, he would not have bought at 1 sen and to see his loss of at least 40% to date. Stop fooling yourself. Many of your followers have left and that was obvious to many.

raider is just being stupid at the highest level due to pride.

Why was Netx trading at 1 sen before consolidation? Why is Netx trading even lower than that price today?


Netx has been having losses over the years. Its businesses have been challenging: diminishing and vanishing revenues, high operating expenses and losses. It kept raising capital which were soon burned quickly.

These are all pointing to its declining fundamentals. Because of these declining fundamentals, its shareholders have been selling their shares, causing its share price to decline to present price. Even then, this may not be the end of the selling or story. It is still overvalued given its very poor fundamentals.

Be aware. Caveat emptor. The declining share price has led to conman calvin and dishonest raider promoting to everyone that this company is cheap. Its price is "cheap" for a very good reason which was mentioned above. It is however still overvalued!

Those who are knowledgeable realise how all the value indicators become very enticing when the price of a stock goes down; but this does not represent value or bargain.

The sooner conman calvin and dishonest raider be truthful to themselves, the safer are their own investing. Forget getting guidance from those who behave like Mr. Market, the character made famous by Benjamin Graham.

Who determines the price of Netx?

The market price of a stock is determined only by a small number of players and not by all the players.

>>>>>

Peace99 @Good123 and sifu-sifu, Monday 111mil, Tue 210mil, Wed 8mil = 329mil, or about 52% of the OR traded, basically at 0.5sen. I suppose most of those who bought will subscribe, so already have a sizeable volume even without counting those who are not selling their OR. So, based on these numbers, this RI funding will almost surely a successful one, reasonable guess?
08/10/2020 3:12 PM

>>>>>>>


I like his way of thinking.

Peace99 does not understand and explore the many various scenarios.

>>>>

Posted by CharlesT > Oct 6, 2020 11:52 AM | Report Abuse

A lot of waterfish bought Netx at 1 cents b4 shares consolidation of 25 into 1 thinking they cant lose anymore as their cost is 1 cents...

Now??


CharlesT
10588 posts
Posted by CharlesT > Oct 6, 2020 11:53 AM | Report Abuse

Not much lah...lose 40% only


>>>>>>{

>>>>>>>


Good123 before share consolidation, say, 1sen, 25 shares =25sen, now, 15sen. rugi 40%. current price is worth considering
08/10/2020 12:22 PM


>>>>>>{>



Unless you are dealing with great growing companies, averaging down when a share price drops is a NO, NO. It is the most stupid and fastest way to lose more and a lot of your money.

>>>>>

Good123 after RI, certainty returned, share price tends to go up
08/10/2020 11:56 AM

>>>>>>


Have you been living in Mars all these years? :-)

>>>>>

scenery There is no guarantee after Right shares out the price can maintain at 13 cts, it might drop even lower than 10 cts, and the wc could only cover for the cost, if you dont sell early. There are many past e.g if you are alert.
08/10/2020 11:42 AM

>>>>>>



Agree. Too many past examples.

There are investors who immediately sell their shares when a company proposes rights issue. They never buy rights issues due to their past experience. Generally this is a safe strategy when approaching rights issue.

Most Malaysian investors do not have a good understanding of warrants. However, it must be noted that we should not purchase warrants that are grossly out of money.

While warrants can offer a smart addition to a portfolio, keep in mind the following - your view of the underlying share is important; understand the unique nature of warrants and stay attentive to small movements in the market.


------------


Understanding warrants

A warrant is a derivative. It derives its value from its underlying mother share.

The performance of a warrant will always depend on performance of its underlying share mother share.

Warrant is trading at a discount when:
Mother share price > Price of warrant + Exercise Price

Warrant can trade at a discount if the underlying share has just enjoyed a spectacular run in price. Investors should avoid buying these discount warrants if they feel the high price of the mother share is unsustainable.

Warrant is trading at a premium when:
Mother share price < Price of warrant + Exercise Price

The warrant's premium can crudely measure how much more expensive it is to acquire a share via a warrant compared to buying a share directly.

Premium are commonly used as a quick measure of the warrant's expensiveness.

Because warrants are issued at a premium, investors must consider if it can appreciate to a level that allows recovery of the paid premium within the warrant's lifespan.

Another important factor to consider when selecting a warrant is volatility. A high volatility warrant, even though more expensive, can very well generate more money than a low volatility warrant. High volatility means that the underlying share is more likely making big swings.

It has to be noted that the time span to expiry is very important for warrants. The longer it is from expiry, the higher should be the premium because longer time will be afforded for the mother share to rise.

Of course, you are entitled to dividends as shareholders, but as a warrant holder, you only need to pay a fraction of what shareholders pay.

Very sad indeed. conman calvin and dishonest raider were promoting Netx and asking everyone to buy at 1.0 sen, 1.5 sen and even higher. They should have warned all their followers to avoid instead. Did conman calvin and dishonest raider warn their followers that after consolidation 25:1, the price of Netx can go down?

The price of Netx did go down to 14 sen post consolidation. All who bought Netx, even at 1 sen are swimming naked today.

This company is terrible. No meaningful revenue and has losses. More importantly and not surprisingly that it has been burning a lot of shareholders' capital - it has no economic moat.


Quality of Business: -1/5
Quality of Management: 0/5
Margin of Safety: Nil



(ii) Competition from other similar service providers

The Group currently faces stiff competition from existing competitors and the introduction of new market players in the online food delivery service market.

Competitors are also offering innovative marketing campaigns, attractive and interesting deals and discounts to entice users.

As such, there is no assurance that the Group's GemSpot and GemSpot Lite will be able to gain or grow its market share.

In order to stay ahead of the competition , the Group may need to incur additional costs to run marketing, advertising and promotional activities for the continuous acquisition of consumers and merchants to use its application.

(ii) Competition from other similar service providers

The Group currently faces stiff competition from existing competitors and the introduction of new market players in the online food delivery service market.

Competitors are also offering innovative marketing campaigns, attractive and interesting deals and discounts to entice users.

As such, there is no assurance that the Group's GemSpot and GemSpot Lite will be able to gain or grow its market share.

In order to stay ahead of the competition , the Group may need to incur additional costs to run marketing, advertising and promotional activities for the continuous acquisition of consumers and merchants to use its application.

>>>>>>

Peace99 Good sign! Last night read the RI prospectus in more detail, and concluded that RI makes sense.


>>>>>>


You posted so much without reading the prospectus. Poor chap indeed.

Just surprised by these posts by conman calvin. What is conman calvin promoting today?



Thu, 8 October 2020
MY REASONS FOR BUYING JAYA TIASA (Reposted from KOON YEW YIN BLOG) - calvintaneng @ 10:16
Jaya Tiasa historical record cannot lie Reposted from Koon Yew Yin Blog - calvintaneng @ 10:15

Good morning calvin.

>>>>>>

Peace99 Just a thought... for some one who decide to invest, it seems to make more sense to buy the OR now and subscribe. My basic reasoning: cost = 0.5+13=13.5sen, cheaper than price now. Even if OR is 1 sen, cost=14sen still worth it, but if OR becomes 1.5 sen, then may be better to buy directly the mother. Happy trading and investing!
07/10/2020 4:51 PM

>>>>>>



Imagine this.

After consolidation, the share price was 25 sen per share. Now it is 14 sen.

After the rights are traded, in general you can expect the price to drop. Why? Because the present share price is usually supported or pushed up to ensure the rights issue are saleable.

Many good-great companies are sold down since February. If you have a long term time horizon of at leastc5 or 10 years, you should be greedy when others are fearful.

Always stay with great companies for the long term.

>>>>>>

bulldog Netx uptrend is unstoppable

Huat chaiii
07/10/2020 4:14 PM


>>>>>>>



I see a lot of downside for this stock. Loss making. No meaningful revenues. Many products developed were unsuccessful; burning shareholders' value. Highly competitive business. Rights issue aim to employ to market latest products; which are facing huge competitions. Will continue to burn cash and soon return back to shareholdérs to seek for more capital.

Will Topglove go above RM 9.00 soon?

For those who own no shares in Netx, should you be involved in this company today?

Well, just look at what this company is doing. Do you like its business? When do you think it will turnaround? How much more money do they need to remain solvent, to develop the businesses or to grow the businesses? What happened to all the cash mentioned by conman calvin? The right issues aimed to raise a minimum of RM 10 million and this is such a small amount compared to the cash figure mentioned by conman calvin that the company purportedly has!


For those who already own Netx shares, should you come out with 3x the amount of your present shareholdings to subscribe to the rights issue?

What are they raising the money for? The RM 10 million is just to sustain its present difficult businesses and to market the existing products (which are in a field full of competitors). If the amount raised is higher, these will be deployed to other ventures. You already have your capital in this company. If you wish to take up the rights, you will need to commit more of your hard earned cash to the stewardship of the managers of this company. But do you like the management so far? Have they delivered in building intrinsic value of this company over the last 10 years? Why 10 years? To be fair, 10 years is long enough to build a business, don't you think?

Good luck. Conman calvin and dishonest raider and now another no good123 are enthusiastic promoters of this company, its shares and its RI. But my good123 boy, why has its share after consolidation dropped from 25 sen to 14 sen; despite conman calvin and dishonest raider telling everyone the consolidation and RI will push the share price above 25 sen!..

Now, so many are swimming in the nude!

>>>>>>>

Good123 focus dynamic, oversea, good news released. next should be netx :)
07/10/2020 9:33 AM


>>>>>>>>



Such news are released to woo the sentiment of the herd. It means very little.

Overseas has been losing money for many years and now that a new owner has come in, nothing has changed in its business: only its share price has been played up spectacularly. You should understand what this means.

(ii) Competition from other similar service providers

The Group currently faces stiff competition from existing competitors and the introduction of new market players in the online food delivery service market.

Competitors are also offering innovative marketing campaigns, attractive and interesting deals and discounts to entice users.

As such, there is no assurance that the Group's GemSpot and GemSpot Lite will be able to gain or grow its market share.

In order to stay ahead of the competition , the Group may need to incur additional costs to run marketing, advertising and promotional activities for the continuous acquisition of consumers and merchants to use its application.

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.

Risks relating to the Rights Issue with Warrants

(ii) Capital market risk
The market price of the new securities arising from the Rights Issue with
Warrants, like all listed securities traded on Bursa Securities, is subject to
fluctuation. The respective price of the Company's securities is influenced by,
amongst others, the prevailing market sentiments, the volatility of the stock
market, movements in interest rates and the outlook of the industry in which
the Company operates in.
In view of the foregoing, there can be no assurance that the Shares (together
with any new Shares issued pursuant to the exercise of the Warrants C) will
trade at or above the TEAP disclosed in Section 2.2 of this Abridged
Prospectus after the completion of the Rights Issue with Warrants.
The Warrants C are new instruments issued by the Company. Therefore, there
can be no assurance that an active market for the Warrants C will develop
upon listing on Bursa Securities, or if developed, will be sustainable. In
addition, there is no assurance that the Warrants C will be "in-the-money"
during the Exercise Period.
Accordingly, there is no assurance that the market price of the Warrants C will
be at a level that meets the specific investment objectives or targets of any
subscriber of the Warrants C.

(v) Risks relating to the impact of COVID-19 on the Group's businesses
Over the last few months, the COVI D-19 pandemic has spread across the
world resulting in lockdown or similar measures imposed by governments
worldwide to curb the spread of the virus. These have resulted in adverse
impact to the performance of the world's economies including Malaysia. Even
with the gradual relaxation of lockdown measures moving forward, consumer
sentiment is expected to remain dampened in the near future as consumers
stay cautious in their spending. Until a vaccine and/or a cure can be developed
and mass-distributed to the general population, the dampening effects of the
COVI D-19 pandemic on consumer spending is expected to remain in the
foreseeable future.
During the MCO period that was imposed by the Government of Malaysia, the
Group's operations faced minimal disruptions despite a restriction in movement
as the Group was still able to carry out its businesses outside of the office. This
is in view that the Group's business is mainly in the ICT industry and it was
able to continue to conduct most of its businesses virtually.
The Group recorded an increase in revenue by RM6.5 million or 91.5% based
on the annualised revenue for 6-month FPE 31 May 2020 and 17 -month FPE
30 November 2019 of RM13.6 million and R1'v17.1 million respectively. During
the 6-month FPE 31 May 2020, the Group managed to secure and deliver 2
new projects amounting to RM6.5 million. One of the projects worth RM3.0
million relating to the provision of email management services was delivered
virtually during the MCO period. Please refer to Section 4(i), Appendix I of this
Abridged Prospectus for further details on the Group's financial performance
for the 6-month FPE 31 May 2020.
While the COVID-19 pandemic appears to be under control in the country for
now with the progressive relaxation of lockdown measures by the Government
since May 2020, there can be no assurance that the country will not suffer
another wave of COVID-19 infection in the future. Should the Government
reintroduce movement restrictions leading to bans on gatherings, events
and/or outings, the Group may not be able to generate sufficient revenues from
event organisers and F&B merchants through GemSpot In turn , these may
have a material adverse impact on the financial performance of the Group.

(iv) Cyber security risk
The Group's products and services are exposed to cyber security risk as they
may susceptible to data breaches, malware attack and phishing activities,
amongst others.
Cyber threats can have a cascading impact across the internal systems as well
as those of the partners and customers. The impact on security breach
compromises the confidentiality, integrity or availability of confidential
information. A security breach can disrupt the systems, impact the ability to
provide services to the customers and protect the privacy of their data.
There is no assurance that the security measures to protect against
cyberattacks are sufficient to prevent the occurrence of any cyber-attacks on
the various platforms which would compromise the security of the users' data.
The occurrence of such incidences may, amongst others, hinder the Group's
ability to attract and retain customers, materially damage the Group's
reputation and potentially expose the Group to litigation. Consequently, the
Group may be required to devote a Significant amount of resources to recover
from cyber-attacks and strengthen the security measures which may then have
an adverse effect to the businesses and financial performance.

(iii) Rapid changes in technology
The Group operates in a dynamic market where its products are prone to the
evolving needs of the ICT industry and the online food delivery service market,
frequent and potentially new product introductions and enhancements that may
be disruptive to the industry. The Group's future growth and success would
significantly depend on continuing market acceptance of its products, and its
ability to develop new products to meet the requirements of the Group's
customers.
In this context, 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. This would then allow the Group to compete
effectively against other providers moving forward. The emergence of new
industry standards, regulations and practices could also render the Group's
existing technologies and systems obsolete.
While the Group intends to constantly upgrade its product features and
development, there is no assurance that these upgrades will allow the Group
to remain relevant in future technological landscapes given the potential for
rapid technological advancements. It should be noted that the development of
technological products is a complex and uncertain process. To that end, the
Group may experience design, marketing and operational difficulties that could
delay or prevent the development of the product. In addition, the Group may
not be able to successfully commercialise the new products developed.
If the Group's competitors have more advanced technology which allows them
to conSistently deliver better product offerings, the Group may suffer
substantial loss of customers as they switch to these competitors. In this event,
the Group's business and financial performance would be adversely affected

(ii) Competition from other similar service providers
The Group currently faces stiff competition from existing competitors and the
introduction of new market players in the online food delivery service market.
Competitors are also offering innovative marketing campaigns, attractive and
interesting deals and discounts to entice users. As such, there is no assurance
that the Group's GemSpot and GemSpot Lite will be able to gain or grow its
market share. In order to stay ahead of the competition , the Group may need
to incur additional costs to run marketing, advertising and promotional activities
for the continuous acquisition of consumers and merchants to use its
application.

RISK FACTORS

You should carefully consider, in addition to the other information contained in this Abridged
Prospectus, the following risk factors before subscribing for or investing in the Rights Issue with
Warrants:-

7.1 Risks relating to the Group
(i) The Group has been incurring losses since FYE 30 June 2018
The Group's financial performance in recent years declined due to numerous
factors, including a decline in sales from the electronic payment services
segment which comprises sales and rental of EFTPOS terminals and sales of
mobile payment solutions. The decline in revenue from this segment is mainly
due to competition from similar service providers which has a competitive
advantage. This includes their ability to charge lower rental fees to merchants
and lower commission fees to merchants for every transaction performed
through the EFTPOS terminals as compared to that offered by the Group. The
Group had also received lower revenue from the non-electronic payment
services segment as revenue from this segment is dependent on projects
secured and is therefore inconsistent.
Further, the Group incurred higher administrative and other operating
expenses which were contributed by, amongst others, the amortisation and
write-off of intangible assets as well as the provision of doubtful debts and bad
debts written off due to difficulty in collection of debts from its customer. The
Group had also incurred higher marketing expenses in recent years to promote
its GEM application which was launched since 2018 to enhance the Group's
income stream. Further details on the financial performance of the Group is set
out in Section 4(i), Appendix I of the Abridged Prospectus.
Notwithstanding the prospects and future plans of the Group as set out in
Section 8.4 of this Abridged Prospectus, there is no assurance these future
plans are able to successfully turnaround the financial performance of the
Group in future. Even if the plans are successful in the near term, there is no
assurance that the Group is able to sustain its earnings and will not revert back
into a loss-making position.

It is normal for companies to issue new shares to raise money to fund an acquisition.

The better managed companies have their substantial shareholders taking up some of the new shares as a show of commitment. This is NOT the case with Netx!

>>>>>>

CharlesT another con game fm this group is Mlab...

shares consolidation of 10 into 1 n then rights issues

have to be very careful with all this.....
06/10/2020 10:13 AM


>>>>>>




A game play of the big boys. conman calvin is a Singaporean with small feet in big shoes. Who is the patsy in this game?



The smartest is the person who knows the game he wishes to play.

>>>>

Sep 14, 2020 4:33 PM | Report Abuse

Those who are still holding Netx will soon see their shares consolidated and diluted by right issues.

They will be faced with bad choices. Not subscribing to their rights will see their shareholdings diluted. Subscribing to the rights mean throwing good money chasing zero to negative returns, putting more of their hard earned money and capital at risk.

Many who were misled by conman calvin and dishonest raider have left this counter. Just ask strongcows for his reasons.


>>>>>>



Don't be swimming naked with the infamous duo and their whiners, groaners and moaners.


Regards.

Many who were misled by conman calvin and dishonest raider have left this counter. Just ask strongcows for his reasons.


Penelope is lost on how to advise conman calvin on Netx. :-)


There are just too many cons in every market. They present in many varied ways. Just be aware.

>>>>
CharlesT Calvin ran away oredi ah
24/09/2020 10:38 AM

>>>>>>>



haha

conman calvin promoted this counter will be 8 sen (or 25 x 8 sen = $2.00 today).

Charles T laughed at this conman Calvin that this was possible through share consolidation. chun chun !!


conman sold 8 houses to invest in Netx. Now he is left with 2 houses to moan, whine and groan, with dishonest raider.

Karma indeed, do you disagree? :-)

>>>>>>

Good123 agreed with Calvin. never give up
06/10/2020 8:06 AM

>>>>>>>>

strongcows a strong initial follower of conman calvin and dishonest raider seems smarter than Good123. My observation. Strongcows walked away giving his reasoning and the price of Netx has behaved as strongcows predicted. (clap)

After consolidation 25:1 and RI, NetX's price has dropped from 25 sen to 14 sen. This was not what conman calvin and dishonest raider predicted. Why were these duo so wrong?


(Ah yes, the conman and the dishonest are LONG TERM INVESTORS. They bought Netx and promoted Netx for the LONG TERM.) :-)

>>>>>>>>


calvintaneng Hahaha

One fine day Netx will rise up like Focus dynamic , Xox, AT and all others when the time is ripe
05/10/2020 2:38 PM


>>>>>>>{{{


conman calvin still in delusion. Sold 10 houses to buy Netx. :-)

>>>>>>

Good123 the week is the most important week for control of netx. let see the great fight
05/10/2020 7:41 AM


>>>>>>>>



If you are in this game and do not know who are the patsies, you are probably one of them. :-)

Anatomy of stock market scams
TheStar Sat, Oct 03, 2020 09:40am



For now, the music appears to have stopped on Bursa Malaysia. Daily trading volume has come down to less than five billion shares compared to the average of 10 billion transacted in the months of July, August and September.

TWO months ago, this column wrote about how retailers were hooked to the stock market and that many would get their fingers burnt when the party ended.

For now, the music appears to have stopped on Bursa Malaysia. Daily trading volume has come down to less than five billion shares compared to the average of 10 billion transacted in the months of July, August and September.

In the first week of August, trading volume went as high as 27 billion, with retailers being the bulk of buyers.

The buying frenzy was on the back of Bursa being a beneficiary of the Covid-19 pandemic due to it having the largest listed producers of nitrile gloves in the world.

Those who bought into glove stocks would have probably cashed out with a hefty profit. A good many who went into other healthcare-related stocks are probably licking their wounds, hoping to recoup their money or at least minimise their losses if there is a rebound.

The buying frenzy extended beyond glove stocks into almost anything that had to do with Covid-19. Initially the play was on companies venturing into production of Covid-19 related products such as masks, personal protective equipment (PPE) and hand sanitisers.

The margins on these products are thin and there are no barriers to entries, meaning the profits are small. But the play on the stock price was huge.

Then came the vaccine theme and the latest is the air travel theme with companies offering a complete solution for those wanting to travel in and outside the country. In the midst of the several themes related to the pandemic, share prices of unknown names went through the roof and came down with a heavy thud.

For investors, there are several lessons to be learnt from the Covid-19 rally.

Firstly, the old truth about buying on rumours and selling on news remains very relevant. If a particular stock price is running on speculation accompanied by heavy trading volume, there probably is not much upside left. It’s a signal that the speculation is well known and many are chasing the stock.

The price will almost certainly come down and can retrace up to 50% when the news comes out. These days, the exchange does not wait for the company to make an announcement. It sends the company a query and, from the replies, one will be able to ascertain if there is truth to the speculation.

Secondly, one should be careful trading stocks whose ownership is through a myriad of cross holdings. A cross holding is when two or more listed companies own significant blocks of shares in another listed company. A myriad of cross holding usually leads to problems.

When one of the companies gets into trouble, the other companies also come under heavy selling pressure.

For instance, Ooi Cheing Sim, the substantial shareholder of ATTA Global Bhd and Heng Huat Resources Bhd, was arrested by police for investigations into drug-related activities in February this year. Ooi was a substantial shareholder in several other companies that he owned directly or through other listed companies. All the stocks came under selling pressure.

There are several groupings of companies on Bursa Malaysia with cross holdings and common shareholders. These companies also tend to have have common directors.

Fintec Global, for instance, owns several listed companies directly and indirectly through listed and unlisted entities. Some directors in Fintec Global also sit on board of other companies such as XOX Bhd, PDZ Holdings Bhd and Anzo Holdings Bhd.

A common pattern is the myriad or cross holdings that link one company to another.

There is a reason why some individuals control listed companies through cross holding structures. It reduces the holding cost. For instance, when Fintec Global buys a stake in another listed company, it forks out the money. But the major shareholders of Fintec Global control the new listed company indirectly.

Thirdly, one must look out for companies raising money through share placements, especially if the proceeds are to be used as working capital or to repay loans. The smaller the amount raised through a placement, the higher the scrutiny it warrants.

It is normal for companies to issue new shares to raise money to fund an acquisition.

The better managed companies have their substantial shareholders taking up some of the new shares as a show of commitment.

However, if the bulk goes towards working capital, there is no end to the company issuing more shares in future. Also nobody really knows what the working capital is used for.

Sometimes, it can also be used to buy shares in other companies or support the share price.

Also, if the bulk is used to repay loans, there is also a possibility of the company taking

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Posted by topkek > Oct 4, 2020 11:49 AM | Report Abuse

If subscribe need to fork out extra fund lo .. no guarantee price will sustain and go up. after consolidate also drop 1¢ .. topkek cornstock. If don't subscribe, share price gets diluted because of RI. Either one, u loose. Should have dump it before consolidation.

>>>>>>>{


Yes, these were mentioned before.


Asymmetric risk to reward.


Not subscribing to RI, your shareholdings get diluted.

Subscribing to RI, you placed an even bigger sum of your cash at big risk. Why risk something you already own for something you probably do not need to have? (Buffett).


Strongcows is the smart one who left this game of conman calvin and dishonest raider. So much for their whatsapp group and Netx pledge not to sell; those who followed these duo are now swimming naked with these two promoters,the conman and the dishonest, and facing potential big losses.

Beware


Mother share price maybe pushed up to sell the rights.

Soon after, the mother share price will drop below the price you paid to subscribe for the rights.

Then you are trapped with higher losses, having more money at risk.


The Edge has a very good investigative article on the 22 penny stocks owned and "probably manipulated" some some group of "investors" of doubtful integrity (past history of wrong doings). Netx is among this group. Thanks to so many detailed analysis in this thread, conman calvin and dishonest raider (are they working in concert with others?) and followers are having a tough time. Rightly so.