For the past two weeks short selling of Insas shares have capped its upside. Don't know what's the game plan of the short sellers. It has accumulated to over 5 million shares. In order to short sell someone has loaned the shares and earned interest from the lending. Who is this lender?

LENO! Stop lending shares to the short sellers!

Today short selling of Insas shares totalled 884,100.

Congratulations to Mr Sslee for earning KFC buckets and Bintang beer.

I will hold until privatisation offer is made which is not later than 2nd February, only two weeks away

I only started accumulating Boustead last month from prices from 0.605 to 0.63 and currently hold more than 60,000 shares.

All the time rights could be sold to anyone even in those days when hard copy of the Provisional Allotment Form had to be split into broad lots before selling. At that time excess rights application was only confined to existing shareholders but this restriction has since ceased.

Yes, automatically credited on first trading day.

Last month I got free money from TA Enterprise, this month free money from FGV, next month will get free money from Boustead. Freeeeeeeee.

It's PR for Preference Shares Rights Issue; OR is when it's Ordinary Shares Rights Issue.

You sell all you no get free warrants.

Insas PR not Insas OR, you can sell your rights to any donkey, fox, tortoise, rabbit etc.

Feb 11 trading ceased. Last date to trade rights is Feb 10.

SCR if approved by the minority shareholders is automatic privatisation. A minimum of 95 sen is proposed because Boustead 52 weeks high in price is 94 sen.

Tomorrow's The Edge Weekly : One of the headlines on the front page : LTAT to take Boustead private via SCR and up takeover price.

The only person in this forum who has more than 4 million shares to lend is ...........

As at today, there is short selling position of 4,548,000 Insas shares which the short sellers have to cover (buy at whatever price to close off their short sell position). This short selling position is huge and about 50% of the short selling took place from 7/1 to 14/1 when Insas price was then trading at not more than 95 sen. This means if we Insas comrades collectively buy tomorrow, the short sellers would have to pay a very high price to square off their short sell position.

Wow, Lpc1225, you are right! Thanks for sharing this information which I didn't know existed.

LTAT definitely wants to privatise Boustead, they have even already obtained Bank Negara's approval (because Boustead has interest in Affin Bank). The delay is obtaining funding. But as a result of delay the market prices of some of Boustead's subsidiaries and associated companies have gone up significantly requiring the revision upwards of the earlier proposed offer price. CNY ang pow coming.

There's not much downside in Boustead's current price but there's big upside potential ....... 80 sen, 90 sen, RM1.

Mr Sslee, do let me know the moment one Insas can buy two Jaks, I will start taking profit then.

If don't accept, you get free cooking oil for life.

I was one of the buyers.

Target price is when one Insas can buy two Jaks.

Satu ringgit coming again.

Insas comrades list getting longer. One Insas now can buy how many Jaks?

Sold some at RM1.30 for 10% gain at 4.50 pm today.

All those who believe in RM1.20 target price should short sell.

All those who believe in AT LEAST RM2.50 target price should be buying.

Someone said if we wait longer we might get Affin at RM1.20 or even 80 sen. I once bought 5,000 shares of Public Bank at 80 sen many, many years ago.

VGO at 80 sen.

VGO coming.

Added more at 1.68 this morning.

0.8 within 1 week? Will wait at 0.8 to add more.

Anyone bought Affin yesterday? I bought at 1.73.

I have played MLab several times in the past two or three years, it is the penny counter in my portfolio. I have a diversified portfolio of shares in almost every category : Bank, Insurance, Oil & Gas, Construction, Steel (totally sold off), Plantation (totally sold off), cash rich companies, penny counters, companies under MGO or targeted for MGO.

@PrinceofIpoh, I am not long-term in MLab. I think at 0.07/0.075 it's worth buying for 3 months time frame because downside is limited as future ESOS price has been fixed at 0.0725 and there's great upside once they goreng which they will. I think at the moment they don't want to reveal the substantial shareholder who controls MLab and hiding behind many nominee accounts. MLab after the rights issue has a lot of cash, who doesn't want to control MLab and control the millions of cash?

I am satisfied with 30% gain.

A few of us bought last month and holding until the ex-rights date.

Not so long ago someone gave a target price of RM2.50 on this forum. Hahahahahah.

SC only grants MGO waiver in certain cases like rescue of distressed companies.

Anyone sold today?

Smart of you.

Target price is when one Insas can buy two Jaks.

Who bought Insas last month? Besides me, only Mr Sslee and hng33 have been buying.

One Jaks will soon buy only half Insas.

Satu ringgit coming.

Soon one Jaks can buy half Insas.

Yes, zero now as announced by Netx.

Sssssshhhhhhhhhhhhhh, already aware.