It's an open contract. Meaning It can go beyond 3 years. Niise can be completed by 3 years? The project stand to be cancelled more than anything. Iris cash flow issue. Sold 80% project and yet to get payment. The buyer also cash flow issue. Would government stand aside to see these frame unfold?

Why on earth so many trying to cause panic in this share? 30m shares? Where? You can't even get the fact right

https://www.bloomberg.com/news/articles/2023-05-05/jollibee-s-billionaire-founder-bets-on-philippines-growing-online-stock-broking#xj4y7vzkg

https://mb.com.ph/2023/5/7/sec-adds-over-90-000-channels-in-partnership-with-my-eg-ph

Can see the potential?

Government already set national Blockchain roadmap from 2021-2025. And Myeg already signed Mou with MIMOS to build the national Blockchain. Once this up and running, there unlikely will be anymore outsourcing job after 2025. But myeg will gain from the usage of Blockchain from immigration department to even government hospital etc. The potential is huge due to the myeg China connection. Image the amount of trading between China and other countries in RCEP. That is why I say Blockchain is the long-term and immigration contract and niise would be short term.

Overvalue? Depending how you see it. They go renewal from jpj. Expect renewal immigration soon. The big bonus would be niise being cancelled and new tender would be call. That likely for short term as no more outsourcing in most government project by 2025. But in long term, Blockchain will be Myeg main business in long run. Imagine Malaysia government using Myeg Blockchain, from immigration to jpj to hospital etc. That doesn't include the already secured China custom contract that could worth millions.

Read more in details. He disposed off through crossing of shares. Not through open market. What so surprised after all he bought so many from open market recently. And yet he disposed off to a direct buyer. Ensuring it doesn't cause the share price to go down. Good CEO