after all.. the current environment is one where it's probably more lucrative to invest in the home market...

at this stage I just want to look at it as part of "foreign fund outflow" that's been trending on bursa..

well.. the longer they take to announce who purchased the block the more suspicious it is..

@Akukadaji
Not rich lah,, its just that since i have decided this as a mid to long term project..I don't pile in everything at the start.. does not make much sense for me to do so. Yes, its conservative but it means i don't get badly trapped at high prices. So its not troublesome at all as it does not take a lot of effort to log on to my trading account and just buy a set amount at market price :P

@mikeann
Yep, i agree about the price actually floating back up to the 70 range eventually.. furthermore, i dont think price will really drop lower at this stage because i'm pretty sure the recent operation has pretty much sapped whatever shares the operators had on hand. So unlikely we see any grand price suppression scheme.

The 20-30 estimation is basically "my worst case scenario" [i think this is Agjl rubbing off on me as he frequently cites "hope for the best and prepare for the worst"].
The setting is based on the assumption that the shares will be sufficiently distributed into public hands in 6-12 months, that there arises an overreaction to the no application dilemma and by using early 2019 numbers as a baseline.

I expect even if it did hit the 0.30's it would probably correct itself to the 50's very quickly. As this seems to the current psychological bottom of fair value even without the drama of digital license.

@Soonli

very reasonable assertion. And i agree, the 0.52 - 0.80 range is actually an excellent indicator of what price ranges we can expect over the next few months.

@Akukakijudi
quite possible actually.. so make sure if you are going to buy you have your exit strategy in place.

Its easier for me in that i really do intend my positions to be held till the licensing drama.

so the current price movements do not really have anything to do with me. In fact the current drop worked out for me because my intent was to only buy a set amount every 2-3 weeks.. the drop in price has reduced my cost dramatically from what i expected to spend.

My partial exit points are possibly at the point of applying for the license and the days leading up to announcement of award. aT these stages doesnt really matter what we think about FA, past history, new prodcuts,etc the speculation alone should be decent due to a lack of local contenders.

If no announcement, then will cut loss as appropriate. Personally i feel safer at this price in the event of no announcemnt of digital license application simply because i suspect such an event could see prices drop to the 20s-30s sens range. A fall from the 50's range is a hell of a lot less dramatic from a fall from the 70's range.

@6257 could take awhile..everyone is focused on Glove and Penny stocks lately.

I suspect DJI will close red as well due to the boost in covid numbers over the weekend. If that happen, markets may melt and the Gloves will start their retraction phase.

so that's another roadblock for the price movement

As i've stated from the beginning this is likely not a counter for those looking for a quick turnaround. If your buying it you better be able to hold for a minimum of 6-8 months. Otherwise your just gonna be frustrated.

@Good/Victor

i agree with Agjl here, it really serves no purpose to keep pumping up the shares with old articles. Especially, when the purpose seems to be not to inform but to confuse.

Mrbusiness provided valid sources for his claim that setel and Gp no longer work together but your next post basically recycles older articles regarding setel and GP. This is both disrespectful and an attempt to treat every member in this thread as an idiot.

I believe staying in and out of GP shares is a decision best left to investors themselves. So, requesting people to hold for 10 days till the EGM is way out of line. This is not the type of responsibility you can assume.

Furthermore, at the current stage of price dump. Everyone remaining in this thread are basically those who have read all those articles. So your just flooding the screen with unnecessary posts and irritating the long term holders.

@better tomorrow.. hard to find their investments.. but there were invested in an Indonesian hospital a couple of years ago

@mrbusiness
ok... thanks for the clarification...

Could you clarify what can be expected to be seen in regards to inside share price movements..

Becuase I suspect it happened already... or at least if we assume the operators and the insiders are the same

In feb there was already signs that the share price was going for a pump... but due to MCO it looked like they cut loss and waited.. some articles about kiple, announcements etc.. and then silence in march.

Post MCO should have been a blessing for them becuase share prices were lower by 10 sens since feb. And the pump started on 28th April.

I actually suspect the rush we saw recently in getting the price down to 0.52 was due to MCO delay..Feb and march may have been meant for them to drag out the pump..i mean if we think about a longer dragged put pump should have spurred more warrant conversion.

I believe there is some deadline that cant be changed. Its also been planned for a long time since management already had a plan for the PP in 2019.

Anyway because of the shortage of time.. we saw this sharp but orderly increase (switch on the 1 hour and 4 hour candle stick view for May 1 -May 8 where every tradingday was practically the same.. morning saw 3 to 3.5 sens up and then day closed flat or near the closing price of the morning 1st hour trade)

I Must remember to pay attention for this kinda staircase formation. And exit once the pattern breaks. The break in pattern seems to be the period where they allow investors to carry the momentum forward.

After that we saw a sharp but orderly decline in the share price.. I also think about 20/30 m shares purchased between april 28th and may 1 were retained to specifically act as the trigger which dragged the price from 71 to 50..

or is this a grey area..no announcement means not yet a substantial shareholder so can do the split and then no need to disclose

sorry I meant if the 3rd party split shares to different companies wouldnt there be an announcement of ceasing to be substantial shareholder..

oops my phones auto correct has been having a party lately

@mrbusiness announcement was for disposal of the entire block 100m shares to private party . wouldnt there need to be an announcement for ceasing to be substantial shareholderbif the 3rd party split thebdharesbtobdifferemt companies?

@ezmoney13 PA is the ageson company stock warrant.

@soonli
Your right.i forgot to consider the two weeks conversion time. I was caluclating under the assumption that bursa announcements of conversions took place two weeks before shares were issued. Did not realise it was on the same day converted shares were issued.

I do agree that there was defintely a rush operation going on to suppress the Volumetric weighed average price to around 0.52..

I believe bursa rules require disclosure of identity when 5% and above of shares are acquired within 7 days of acquiring shares..however,they can ask for extension of disclosure deadline under Regulation 11 of the Securities Industry (Reporting of Substantial Shareholding) Regulations 1998.

That being said.. failure to disclose is a maximum RM 1m fine.. which when you consider how much of money has been transacted in the recent two weeks in private (132m) and market transactions(ccp 12m) lately. 1m is basically small change.

There is also a possible 5 year jail sentence but dint really consider that seriously.

I agree with JV theory actually... CCP has sunk a considerable amount of funds and effort to maintain his shareholding status.

yesterday, I was even considering a JV or some sort of share swap deal with sinotop due to their bursa announcement.

Becuase both have china connections, both are e-wallet in different sectors (govt and everything else), both are in ventures with Bank Islam and both have similar share prices..
Of course it's a weak conjecture but I just find that both seem to complement each other in the business context.

Next week should be an interesting period.

https://www.freemalaysiatoday.com/category/nation/2020/07/03/myeg-paid-rm9-6-mil-to-law-firm-says-senior-officer/

Nothing personal against the company itself. Its just the timing for the court testimony is horrible for them. Its way to close to the awarding contract stage. Specifically, the NIIS and the govt services.

Even worse they were recently highlighted for the extension of the immigration services and their share price performance has been phenomenal recently as such its not hard to imagine that a lot of punters and new investors are caught up in their forward trajectory. So, this is a company that's horribly exposed to the temperament of green investors.

with today's mothershare price

good123.. I understand your point what I was highlighting was that even at historical lows it wouldnt make much sense to convert warrant

Btw does anyone have any idea how insane it is to convert warrants?

I checked the warrant price chart. the MCO crash sent the proce down to a low of 10.5 sens.

If you look further back the warrants traded at 10.5 sens on 8 random days in the period of May-July 2018.

Basically, that would mean no warrant in the open market should have been converted as the costs with EP would put it at 50.5 sens.

yeah I am almost getting immune to the fact that some dude has been comvertong warrants on a daily basis..

https://www.soyacincau.com/2020/07/03/dapat-vista-mypay-offer-ewallet-digital-financing-services-coming-soon/

They have been busy lately it seems

Well this is cool. A collab of DAPAT Vista, PTPTN ,Bank Islam and Fasspay

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3065959

@sunny WTH? this post came out of nowhere... why would I want to claim Calvin's cousin

as such they made the appropriate correction and so data such as PE was now being compared to the property sector

furthermore, awhile ago I had emailed Simplywall.st to stop comparing dbe against food industry because that was no longer its sector. they actually replied that originally it's an automatic process and it goes according to the register. at the time articles were generated registration for DBE was food sector. they had recheked the registration and apparently it had been recently corrected to property sector.

lol.. that's actually the issue to vote at the upcoming meeting. they are changing bane to Lagenda properties

feels like market is going into a small correction in the morning phase.. ppl are liquidating some rubber and buying banks

@humble beginnings
I agree with your assesment. Companies the size of tencent are more worried about market access. They dont give a crap about market share, technology,etc. Becuase they have enough money to literally buy their required marketshare.

The purchase of iflix is such an example from being founded in 2014- 2017 they had accumulated losses to USD 378.5million.
2018 had a net loss of USD 158.1 million. and by 2019 they only had usd 12.7 m cash in reserve. This is by all definitions also a "rubbish" company with no proprietary technology to offer tencent who has WeTv their international streaming platform.

You cant judge super-corps by normal standards. They are playing on a much larger field. IP is basically something for them to emulate and then have lawyers keep you tied up in court forever.

Market access on the other hand is a whole other game. Companies thensize of tencent are kept out by most companies above a certain GDP level as there is a tendency to quickly form monopolistic practices.

With that being said...i seriously doubt BNM would grant the first round of pilot license to a company that was the subsidary tonanforeign power. I think a JV or minority shareholder is viable though

@melanie1818181818
You must have it tough to be such a bitter person. But try not to worry so much sooner or later things should get work out for you. Time is remarkable that way.

I'm not sure if you have been told this but you might have issues when it comes to expressing yourself in text. As your words comes across as extremly condescending. But I will assume that you truly do have concern for those invested in GP and that's why you come across as harsh and mocking.

Anyway i will try to answer the comments u directed at me. I never claimed to be a sifu.. I just express logical deductions and logical flaws on human behaviour and post it on the thread as a point of discussion. It's seems more productive than shouting " buy" " sell" "tp 0.1" " tp rm1".

As for the brain in the market... I disagree with uncertain = sell go away. If that's the case we would all have to exit bursa completely, convert cash to gold and stick it under our bed. Midf predicts that stock market bubble will burst in july . Actual, global market gurus are predicting the next great depression etc. Even warren buffett has not bought anything for BH and they are doing everything they can to increase their substantial 139billion usd cash reserve. So, in a nutshell our entire financial system is uncertain and we are all humpty-dumpty sitting on top of it.

In regards to the share issuance I was a bit surprised by it as well when I saw it in the financial report. But this was something approved by the 2019 shareholders so i am not in a position to comment about how it was packaged.

My main worry is the current proposal to edit constitution for the 20% new shares issuance. It should be less than 100million as the previous 10% PP and the warrant conversions should make up part of aggregate. I believe this 100m will be earmarked for the general public.

Now allow me to direct a few statements to you in order to clarify my position. I have not declared myself to be a sifu of any sort.

What I do hope for is a genuine discussion on issues that I find interesting. Sometimes i get it and sometimes I don't. If you look through my posts I have never made a call to buy GP.

And I have even expressed the view that this is not a stock to hope to make money on for short term price speculation as it's prone to quite heavy manipulation.

Furthermore,I had stated that the event that everyone is concerned about is quite far away. So the prices are basically going to be on trips to heaven and hell in that duration..

With that being said... in regards to the event which is the application for the license. You have made it clear that in your opinion it is impossible for GP to get it and that's fine it's your opinion. Similarly, there are those who hold the opposite opinion of why not GP?

The local banks have basically lost interest in the license because they can start the same service through their current banking license.
Local players bidding for it are GP, Sunway, Axiata and another property developer whose name I cant remember. AXIATA is a good bet and frankly I did not know that sunway had a digital arm. And that's pretty much the list of local players.

Ah yes, in regards to your comment about dreamers etc.. i dont think there is any thing wrong with being a dreamer so long as you can place actions behind it. But, you must draw a distinction,a person who wishes for the price to become RM 1 so that he can sell and exit.. is not a dreamer but a hardcore realist. If price drops by 20% in share value. Its cut loss and run time. Those are not the actions of a dreamer but that of a pragmatist.



y

@mikeann
When I said he couldn't sell it I was referring to it from a business perspective.

100,000,000 shares @0.52 = RM 52,000,000 invested.

Whose he/she going to sell it too? And at what price?

The current stocks have literally taken an 8 days beating where it lost around 26% of its value.

An attempt to offload half of that to the market would see prices heading to the 20s. So that would mean the remaining 50,000,000 would be worth about RM 10,000,000 to RM 15,000,000.

The guy might as well set fire to the entire 52m and see which notes doesnt get destroyed... he might get more back that way. So in other words we can most likely eliminate the possibility of one big dump..which is the main worry for most.

I'm inclined to agree with Sam Sam and that the PP is purely an issue of shareholding and control at this stage. Besides, The prices would have to at least run into the range of the 80s if they want to offload around 10m shares.. at which point we may see price crash to around the 60s range.

Personally the above maybe a good thing if done in appropriate stages.. as it could gradually improve liquidity of GP shares over time.. with that being said I dont see prices clearing the 70s stage easily... the price of the shares was at 70s stage for quite awhile so I suspect there are quite of people trapped at that price range.. so I think anytime the price gets close to that territory we are gonna be hit by massive sells..

@mikeann.. it's a bit of a mixed bagged situation really..

I expect share price will likely be down in the morning, as a lot of punters who saw a rebound possibility will likely be scared away by the RM 0.52 price.

On the upside, the share prices itself has just come out of an 8 day price suppression. Furthermore, volume traded had nearly dried up. So only the shares transacted yesterday and today (about 125m) will be having a real impact at the current price.. In the unlikely assumption, that 125m shares are panic sold tomorrow... it's possible the price to drop to 0.485 - 0.48 but will likely move back to 0.5 by end of day... the most likely situation IMO is it drops to 0.50 but rises back to 0.52. Just think of it as the last shakeout of the operators.

This is of course in a situation like a vacuum.. if other factors like ID of new shareholder/ media blitz/suppression then there are vastly different possible ranges

As for the effect of the PP 0.52... I dont see any upside or downside in the short term.. becuase they cant sell it... if they attempted to sell even in small batches with current price it would be at a loss.

As for the mid term... it may make people anxious once price starts trending to the mid 60s range.. but I doubt it will play much effect.

One scenario, I think has a possibility of occurring is that the 0.52 pp will end up in the hands of the 0.80 buyer. The reason I consider it a possibility is mostly from a costing perspective... with CCPs crazy round of purchasing... the rough calculation of his share costs I believe is probably in the region of 0.65. If the 0.52 pp, is placed in the hands of the 0.8 buyer then his/her cost will also be around 0.66.. so it's kind of on an even starting line with both parties holding roughly the same proportion of shares and cost.

That's pretty much the basis of an equal partnership. And in that case, those shares will probably never see the market becuase both have to maintain equal status.

Just out of curiosity.. is the only basis for investing in BAT the high dividend yield of 9.5%?

Becuase that does not really make sense to me if it is. I mean sure the 9% yield is great and all but what's the point in buying a dividend stock if it's not meant to be held long term... I mean I saw the chart and BAT was around RM 60 in 2015... every year since then I saw a RM 10 decrease is share value.

So if I assume they pay 10% (for ease of calulation).. with 1 share of BAT,
I would get RM6 RM 5 RM 4 RM 3 Rm 2 RM 1 = total RM 21.

But I lost RM 50 in share value..for that RM 21.

Am I missing something in the way dividends work? Shouldnt share value increase over time so that even if the div yield is low it will still grow as it follows the share value

This is not exactly news... in 2019 at the EGM it was approved that 10% shares would be issued and kept aside for private placement in Q3. Basically, it had already been in existence. Just not in anyone's hands..hell if you all look back a few pages you would see the discussion of waiting the new private placement as yesterday was the beginnin of Q3.

As for the total number of shares..I believe it has been accounted for on most sites.. becuase while the AR noted 930-990 million shares outstanding it noticed apps like KLse screener listed 1.0008 billion shares.

As for the price of 0.54 as average its accurate.. as its weighted by volume.

1st july - 0.525, 81m shares
30th june - 0.50, 28m shares
29th june - 0.515, 28.5m shares
26th june - 0.545, 38.3m shares
25th june - 0.565, 91m shares

Even without a calculator you can see at a glance that volume weighed average is above 0.54.

The only ones who seem to be surprised are those who basically wanted to speculate on the price.

As for calling the person who paid 0.80 a fool. That's just random meaningless whining. Purchasing 100m shares of the open market is simply not viable because there are only about 24% of the shares in the hands of the general public. I.e. about 240million shares on the open market.

For the remaining 76% there has been no recent announcement of shareholders disposing to the open market. Just private transactions.

So, Attempting to buy 100m shares is attempting to buy nearly 50% of shares on the market.. costs would have skyrocketed once the market picked up on that kind of purchasing.

looks like my predict from yest was wrong.. I expected flat.i guess it's the overall slowdown

isnt the rule supposed to be disclose ID within 7 days of transfer...

I wonder if the ID of the buyer was why CCP was buying so crazily

Alternatively, ageson has a 13:1 conversion rate.. which is you can surrender 13 warrants for 1 share of ageson.

This is a little crazy if you consider that each warrant is 0.035 . Then your cost would be 0.455

As a general rule, if you are a self confessed newbie it's usually not advised to deal with warrants until you have researched them thoroughly. Becuase warrants are designed to be hedging tools and are meant to obtain gains from share price movements without actually buying the shares themselves and at a fraction of the cost of the mother share.

Both Macqauaries and Nagawarrants have pretty good information so check them out.

@cannon-im not sure about PA exactly but usually it's a naming and numbering convention.

First it's used to give it a separate identity from the mother share and second it usually denotes a number in a series.. for example this is warrant PA if they issued another later it will probably be PB, then PC and so on.

Anyone feel free to correct me if I am wrong.

@jamesgk and @cannon.. yes this can be converted into the mother share but as a general rule it's not advised to do so.

There are generally only 2 reasons to do a conversion.

1) the obvious reason is that its deep in the money.
2) the company starts to declare dividends and you want to increase your stake to obtain those dividends.

Warrants give you the right (but no obligation) to purchase a share at a specific exercise price (EP)

To convert a warrant, you must look at its EP for ageson its 0.13.

In other words, you would need to pay ageson 0.13 for ever warrant you wish to convert to a share.

Sounds like a great deal right since the market price is 0.15. But you must realise that you have paid a premium to buy the warrant. Since you call yourselves newbies it's unlikely you got the warrants at 0.01 when they were first granted. If you were to buy them off the market at yesterdays closing price they would cost you about 0.035.

So your cost is now going to be 0.165 for the warrant and EP. Furthermore, there is also a conversion fee which you would need to pay over and above the 0.13. (I am not sure but I believe its 10% so it's another 0.01 in cost)

It will be cheaper to buy from open market at 0.15 and pay brokerage fees.

Now say you have the warrants at 0.035 and ageson mother is stable at 0.50. Then it does sound reasonable to convert the warrant at 0.175 and sell it immediately for the 0.325 profit.

But as warrants follow mother they should be selling at about 0.375 with buyers asking for it at 0.37. So If you were to sell your warrant direct to the buyer you would gain about 0.335 (will be lower after deducting brokerage fees)

Another headache with warrant conversion in malaysia is it takes 1 to 2 weeks to be done.. so what happens if the price falls in that time?

That being said the process is relatively simple. Just contact your broker and ask him to provide you the necessary documents to fill out. You will need to fill out the forms and courier them to provided address.

It's easier with rakuten accounts as those are nominee accounts so you just tell rakuten that you want to exercise warrant and they will take care of everything. Someone once said the benefit with rakuten is you could save on courier fees for the documents :)

@agjl
you mean the fact that I had to scroll past 2 pages of old news to get the recent chatter...no... I would never have guessed :p oh well it's good to have a positive voice to offset the negatives I guess.. could do without repetition of the old news but then again since the veterans were mostly flushed out.. it's a lot of newbies to GP... might as well appoint him or them as chief educators.

Btw what's ur opinion for tomorrow... I suspect there could be some difficulty passing the 0.575-0.595 range.due to the fact nearly 139m shares were transacted between 0.565 to 0.545. Can remove about 16m thanks to CCP (balance 123m) and just discount the rest by 50% to account for those who cut loss and sold lower (balance 61.5)..

I want to assume that 50% of remaining buyers are anxious to sell and gain some small profit and run... but the positive sentiment could lower it.. so I will just assume 33%-50%... I kinda estimate 20.295m to 30.75 million shares will present itself for sale between the 0.575-0.595 levels..

I havent seen a recent chart so no clue where support and resist is but if price does trend up it should probably test at around 0.545 and then retrace for a small round of consolidation...if GP/media does not do anything I suspect it closes flat or at a max of o.54 at closing. (0.535 seems more likely)

@kinvestshare. Nah... i used to think that as well but on thursday USA closed green but our Friday market was still red

Sorry but just wanna brag.. @10 am it was 0.515 and closed at 0.525

So what do I win?

Stock: [GPACKET]: GREEN PACKET BHD

Jun 30, 2020 11:18 PM | Report Abuse

i seriously doubt we will see any limit up...anytime soon.. unless tomorow morning we wake up to find Google and Amazon have signed a MOU over services with GP.. in which case we will probably be on a limit up streak for a minimum of 10 days...

Ok since everyone is playing predict..

If by 10 am, price closed above 0.505, the price will close end of day at around 0.525
If by 11 am, price closes at 0.505, the price will likely close end of day at around 0.52
If by 10am or 11am, price closes at 0.50 or below then day will end at 0.485 and this should be the absolute bottom.

it's probably the old traders who cut loss and tun when DJI melted.. but now that DJI has been having a good run they have entered and I guess most are a bit cheaper than when they entered
been having a positive run most em are back

@Khoo810

There are approximately 240m share in the hands of the general public. Less than that actually if you consider CPP bought over 20m shares from the open market. (and he's the only visible party that we know off)

For Kendall, to get back their position they need 100m shares.. care to speculate what the price would be if someone tried to buy nearly 50% of the shares available on the open market.

If they buy from the current board, from 0.50 to 0.52 they would only get about 3 million shares.

Even if i were to assume tomorrow is a down trend again to 0.40,volume will be lucky to hit 18m. Ownership is getting concentrated and eventually passing into the hands of shareholders who are averaging down. Those who cant afford to average down did not sell at 0.7, 0.6 and 0.5. Its unlikely 0.40 will motivate them to sell but it may make them pick up more.

Are you under the odd notion that if Kendall comes forward and says "we made a mistake we want back in, sell to us at 0.40(your 50% cheaper target)", all the shareholders out of the kindness of their heart and the generosity of their wallet will sell to them at 0.40?

Kendall's average cost per share would probably put them in the RM 1 range alone. And that's a generous estimate because it completely ignores principals of supply and demand and the greed of Human hearts.

anyway the app in question is MyPay..

https://www.theedgemarkets.com/article/sinotop-plans-take-stake-tas-which-owns-20-software-developer-dapat-vista

i believe this counter is up becuase of their acquisition of dapat (somethingbor other) basically it's a government e-wallet contender with Myeg service

@michaelwong
I suspect that there are some time considerations in play.
One could be the disclosure of the identity of the new substantial shareholder.

Also, i am pretty sure being aware of the Financial condition has nothing to do with his buying. Don't forget until Friday evening we all thought that IDSS would be started on Tuesday. And CCP should be no exception to that.

Once IDSS was opened its is quite likely 0.43 wont be a dream. But yet, despite knowing IDSS would begin he still bought 14m shares on Thursday and 1.3 million shares on Friday. Which means he did not care about the report nor the IDSS and its affect on the price.

i seriously doubt we will see any limit up...anytime soon.. unless tomorow morning we wake up to find Google and Amazon have signed a MOU over services with GP.. in which case we will probably be on a limit up streak for a minimum of 10 days...

Ok since everyone is playing predict..

If by 10 am, price closed above 0.505, the price will close end of day at around 0.525
If by 11 am, price closes at 0.505, the price will likely close end of day at around 0.52
If by 10am or 11am, price closes at 0.50 or below then day will end at 0.485 and this should be the absolute bottom.

@bullacent... not sure about the communication and solution aspect of the business...

But for the digital aspect.. high initial costs are practically a trademark... but it's good because it's a fixed cost. such as the software programmers salary for creation and support.

The cost itself wont increase noticeably like it does in manufacturing (as there is lottle to no difference in providing support for 10 customers or 10,000 customers) .heck half the time the solution is format and reinstall app...

plus i believe the business model are all subscription based. So this will be a positive in the long term.

I think the knife is already on the floor..

8 days red.. but I'm ignoring day 1 and day 2 as normal trading days . Day 3 is where massive spike in volume started this round of selloff.

Days 3 104.8 m shares sold with price closed at 0.685
Day 4 73.7m 0.675
Day 5 83.5m 0.62
Day 6 91.82m 0.565
Day 7 38.3m 0.545
Day 8 28.59m 0.515 (today)

Day 7 and Day 8 volumes are pretty much signs of beating a dead horse...

If it stays red then probably only about 10m-15m shares would be transacted.

In 6 days about 420 million shares changed hands which is around 41.62% of 1.009 billion shares (klse screener) then we account for the major shareholders...
(Am out so cant look up the AR) from using out dated data from
https://m.marketscreener.com/GREEN-PACKET-6497742/company/

That's about 56.2%... in their control... and it should currently be higher than 56.2 as CCP has been on a buying spree and the 10% private placement is with them.. but just leave it as is..dont want to over complicate it..

Anyway I just took the weighted volume average for the last 6 days with the closing price... to be around 0.619..

So my assumption is unless you've taken significantly larger buys in comparison to your original position. Your average down costs wont be too different from 0.62 plus or minus 5 cents..

Anyone who would have cut loss and sold has already left.. if tomo ends red it should be with a max volume of 21.89m and that would be 100% of shares being accounted for over 6 days

Simply wall article from 2 months ago stated that 24% of shares were in general public hands...so in fact only about 242.16m shares are in our tradable range..
CCP took a maybe 8% bite of that chunk and god knows how much private companies and institutions have eaten as well..

Anyway until the share issuance takes place I expect volume to be relatively lower on daily trades with price trending upwards.
Provided of course there aren't any sudden disposals...

but it's kind of a neat trick really... the price will constantly trend up becuase theres less shares floating in the market... they can let out whatever news they want.. if it's bad we wont sell below cost because if we were the type we would have done so already ...if it's good we still probably wont sell becuase it's probably not near the worth of this shares frustration.. and they can happily sell whatever shares they have at appropriate times as fund raising exercise.

You know I was laughing myself silly when I read the corporate governance report.... just found the statement that directors would do their best to protect the interest of the shareholder funny as hell.... becuase at the end of the statement are the qualifying words addeded (in the long term)..

Well at least we can credit their honesty . The shook the GP tree for like 8 days straight and alot of speculators shook out of it... in the meanwhile they positioned themselves to regain shares and even went the extra step to make sure they choose the right people to be shareholders.. furthermore, I think their recent actions were calculated to offset the effect of the upcoming 20% share issuance. And the 10% private placement in QR3.

The next 2 QR should be interesting to read...specifically the percentages of major shareholders whether it changes or not..