Probably Choo kena margin call. again. f CSY know I believed would have bought from Choo instead of paying a premium at RM0.10 from NSK. If company is hopeless CSY will not buy RM0.10 from NSK & Choo would have liquidate everything nstead still keep 75M. Somebody collecting so much VC-WB for good reason as total no outstanding is only 60M. Feel this is to prevent VC-WB from falling into wrong hands so as to prevent conversion in a hostile take over battle or somebody may want to use them in future for the same purpose.

Anybody bought VC-WB?

Look at price of MMAG-WB also contributed by CSY. Now at RM0.215 CSY believed largest shareholder of MMAG-WB. If not mistaken changes in shareholding of warrant no need to report to Bursa. Somebody could be collecting

Crazy VC-WB volume 6M. Now RM0,06

Only paper profit. If want to realise profit need to sell. When sell price drop as price increase could be artificial as few actual buyers. Was trapped last year being lured by the exceptional profit results and high NTA. Eventually more PP scheme results in more investors able to buy at cheaper price below holding cost. Expensive lesson learnt

Yesterday normally quiet VC-WB saw 2.3M transacted
Today as of 10.20am 1.2M done and in positive territory. Does this mean somebody collecting VC-WB and an indication of coming upward movement for VC?

Fintec results only paper profit. Difficult to realise. If try to sell price of these shares will definitely drop. Keep on diluting shareholders equity due to frequent conversion of PA and numeroues schemes to raise capital via PP and employees share option.

Transaction for past 2 weeks not even 2M. daily. Too insignifican for WC to pay attention.

If CSY buy from NSK at premium do you think CSY wants to buy to lose money? Just look at MMAG which CSY has substantial interest MMAG is 5 times the price of VC inspite of NTA about half of VC. If price of VC don't go up to at least RM0.07 or higher can forget PP exercise.

Did anybody managed to buy at RM0.06? I think this is the resistant level.

Many companies currently priced at RM0.02-RM0.03 are either PN17 companies or have low NTA. Believe with VC NTA at RM0.25 if fall to RM0.03 will be quickly sapu up as will be a target for takeover esp by NSK. Don't think BOD will allow this to happen. Will lose money big time.

Bottom line VC will go up. Ha Ha. Question is when? Those who hold tightly their VC & VC WB will be rewarded. Hopefully can laugh all the way to the bank.

If there is an element of PN17 directors would not have spent their own money to buy 25M VC & convert VC-PA. Will anyone put in their own hard earn money into a company where they have full control and with all financial info if that company is going broke and they will lose money? Here we are not talking about small money but millions of ringgit

Sorry March 27. 2020

If interested please Google New Straits Times article of March 21, 2020 Vortex set for better years ahead

Those still holding VC shares keep tightly. VC quarterly results not as bad as some companies MMAG which CSY has substantial interest report greater loss than VC .yet close at RM0.33 today! MMAG NTA only at RM0.14 compared to VC at RM0.25

Instead of buying from open market CSY bought 25M via direct transaction at a premium price RM0.10 No way VC will drop for Dato to buy cheap & CSY to lose money big time

CSY bought 25M VC via direct business transaction at RM0.10 Probably from CPH who sold 25M if CSY wiling to pay RM0.10 for VC the intrinsic value of VC must be much higher. Nobody wil put in RM2.5M if do not foresee will earn substantial returns. Bottom line VC worth much more than RM0.10

No investors will pump in approximately RM 8.5 M for PP unless assured of a positive return. For PP to succeed price of VC must move up. Otherwise can forget PP. VC needs funds to finance projects. Directors convert PA may need to leverage their shares

Sorry should read as CPH still have 74,530,800 shares

CPH still have 75,530,800 shares. Will be worried if CSY sold substantially. Believe still on target to go up.

On paper directors are not allow to purchase PP shares. The whole PP exercise may not happen as implementation at the discretion of BOD. The announcement of PP may have ulterior motive

Nobody would be interested in the PP unless there is an element of making a profit or that it is worthwhile to invest. For this to happen must goreng up the price to give impression of a high market capitalisation and better share margin financing for PP & CSY. VC price will go higher. Question is when.

Today, MMAG, MMAG- PA & MMAG-WB all control by CSY moved up. Believed VC, VC-PA & VC-WB should also move up soon. CSY will want to recoup money invested or obtain better margin for VC if pledge to financial institutions

RM0.066 is only an indicative price based on the last few trading days. Need to get Bursa approval first. Once approval obtained will fix the price. Whole process may take one month. Probably may push up the price so that prospective buyer will think company worth buying into and at the same time can raise more funds to make the exercise worthwhile. The proposal may not even happen if can achieve the intention to scare weak holders to dump shares so that major shareholders can collect cheaply and fend off hostile takeover. For some major shareholders who have spent so much money converting from VC-PA do they want to see their own shareholding’s diluted? Have to wait and see what is the actual intention.

Those in this chat group should take note that Cita Realiti has ceased to be major shareholder of MTouche. Cita is a well known corporate player in a number of public listed companies.

Checked MTouche recent announcements. Could not find any of Dato buying into MTouche. Would appreciate very much if Chuah3434 could share with us the source of this news. Thank you

Trinity Group founder raises stake in Vortex -The Star (2hrs ago)

It doesn’t matter as long as we earn from our investment at the end of the day

The heavy volume of 30 April seems well absorbed. Agreed with Michael Kwok should be on the upward trend if no undue selling this coming Friday

Not likely to go back to $0.02. The drop in price is due to forced selling of pledged shares.! The play moving forward will be CSY exerting more control like MMAG. CSY having exposed her hand & spent so much to covert to VC will want to recoup her investment. It is a question of when. Agreed with zhm450 it would be in CSY interest to push up VC price to secure share financing to leverage her holdings

Reply to Chuah 3434
Not so easy to buy 300M VC immediately from open market . Hence no option but to convert from VC-PA
Once announcement made to Bursa holding 300+M VC may discourage NSK takeover plans

Reply to Chuah3434
EG should be same camp as CSY as EG company Pentagon Parade used MMAG Capital for financing of VC share purchased. Please refer to VC announcement 28 April

CSY became largest share holder of VC-PA with the intention of taking board control someday. Her large holdings in VC/PA not in the limelight & goes unnoticed When NSK bought into VC. It forced CSY hands. Started to convert her ICPS to VC. CSY having invested so much to build up stake in VC-PA and in conversion will definitely not want to lose money. Will eventually control VC as tightly as MMAG. Trading by major shareholders must be reported to Bursa. Large volume last 5 days may not be from 4 major shareholders since no announcement

From my calculations EG 107M, CSY 350M, CPH 100M, NSK 128M NOSH 863M. Free float available only 178M inclusive of the 2-10M those in this chat group holding. Can anybody reconfirm shareholding of the above 4?

Super_newbie, Unless a person is a shareholder before rights issue only entitled to get VC-PA. CSY not substantial shareholder before rights issue. To be the biggest shareholder of VC-PA, CSY must have bought VC-PA from open market. Please check VC announcements 2019 for confirmation

VC AR 2018 did not list CSY as substantial share holders. Prior to rights issue no announcement of CSY buying substantially. CSY must have bought after issue of VC-PA via open market to become largest holder of VC-PA. If analysis is correct CSY holding cost of vC-PA probably high . Now again pay for conversion ICPS to VC CSY cost of VC should be very high. Can anybody able to concur this analysis?

If bought VC-WB already make profit 40%

VC-WB also jumped $0.01

You know something Michael Kwok? Please do share with us Thank you.

CSY & BOD covert millions of ICPS and paid so much for the conversion to VC only to just short the market? What is their end game? Any theories? Thanks

Doubt able to clear $0.085 today with still so many sell order Anybody know time frame for reporting dof Director’s transaction to KLSE?

You are right zhm540. Minetec BOD share acquisition got class. Although Mintetec NTA only $0.08 now $0.28 with capitalisation 258M whereas VC NTA $0.28 still stuck at $0.085 with capitalisation only at $63M with cash over $50M according to NST report of BOD tussle . CSY road block at $0.085 probably real

Still 19M Q sell order at $0.085. Unlikely contra players still have that no of shares available to sell

Frankly I am watching VC-PA & the 60M VC-WB closely for signs who will be making a move first for them.

Not just history but study CSY holdings in MMAG, MMAG-PA & MMAG. CSY will not give up to Dato so easily. Otherwise would not have convert so many VC-PA & pay up so much money. Who is going to make a play for the 60N VC-WB & remaining VC/PA

If VC blocked at $0.085 perhaps can circumvent by buying VC-PA & VC-WB just to be ahead of the curve. Believe road still clear

Yes Sammmy. It’s the old guards. Only they have that number of shares. Strategy to keep on throwing to exhaust Dato’s resources. May backfire if Dato have deep pockets and financial arrangements already in place for RTO. Will gain control of VC cheap.

Thanks for your advice Sammmy. Believe you are right. There may not be that many contra players selling I too was wondering whether it could be the old guards as volume very high. Only old guards will have that no of shares. Like you cannot figure out what is the end game.

Don’t think can get $.075 unless contra players cut loss. Happy waiting. Lucky if can get at $0.08