Shareholders will definitely have to take a haircut. There will be capital reduction etc. Old management have to be removed. White knight will inject new business. The hope is at least minorities can salvage something and participate in the new business.

Although currently insolvent, LonBisc can be saved by the right white knight. Its listing status is attractive to any potential white knight and the default amount is currently not huge. However if negotiation is not fruitful then other banks will start to recall back their loans and it would be more difficult.

Now secret negotiations. May or may not eventually materialize. Munchy is owned by private equity funds and they intend to list it. Backdoor listing is fastest way.

Munchy nominees are to be appointed into the BOD and all existing directors to resign. Munchy will advance money to enable LonBisc to repay Nova Scotia Bank the defaulted amount. PN17 status will be uplifted upon settlement of the defaulted amount. All minorities will now be happy.

White knight has appeared. Owners of Munchy is secret discussion with BOD of LonBisc.

Khatu, you are the best analyst.

Tu copy & paste.

Eh, I already cashed out my chips here.

Haha, Khatu, tomorrow up?

LTAT intends to dispose up to approximately 16.4 million shares at a price not less than RM2.09.

Everyone have their own investment strategy. I am never fully invested. I always have cash standby. Right now I am merely increasing my standby cash and scouting for undervalued counters.

Yesterday sold off Cresbld for 30% gain. Don't worry, I am merely taking profits. Cresbld is a good company unlike LonBisc. Cresbld will not become a PN17 company. Don't follow me to sell. My reason of selling is to raise cash on standby.

Who is buying today?

@bi0hazard, if LonBisc falls to half sen, I will buy 32% and cart off all their biscuits and cookies. Hahahahahahahaha.

Stock33, you have warned on LonBisc since 2013! Luckily I managed to sell off on 30th January this year and in the process made almost 25% gain.

I think some unit trust funds managed by Public Bank and RHB are among the top 30 shareholders. Have they sold? If I am not mistaken, unit trust funds are not allowed to hold shares in PN17 distressed companies. Also, among the top 30 shareholders, some shares are pledged including those owned by the controlling shareholders. Will these shares be forced sold tomorrow?

Tomorrow might gap down again because LonBisc is NOW A PN17 COMPANY.

The only way this counter can ever recover is if a white knight comes and take over the Company. Otherwise it will just declare itself insolvent. Insolvent means bankrupt. Bankrupt means nothing for shareholders to salvage.

I have very fond memories of this counter. Last year I was accumulating, my average cost was 59 sen. Then the Company announced a 1 for 4 bonus issue which I received in January this year. On 30th January I sold off all for 59 sen and made almost 25% gain. Thank you for the CNY ang pow. The money I earned went into buying Ekovest and subsequently Ekovest went limit up.

Who bought today?

Still got people who wants to buy?

20 sen also I won't buy.

Anyone buying LonBisc today?

Private placees didn't get conned. They are part of the scheme to deceive the retailers to keep buying. Anyone who has invested in the stockmarket long enough will know how the fictitious private placement schemes work.

PN17 coming?

PUC been goreng today. 7.5 sen would have been a good price to enter. I am not returning to PUC because the boss there has been unloading which is not a good sign.

Of course last year I made even more from PUC, bought around 10.5 sen and sold at 15.5 sen, almost 50% gain. Always buy low and sell near peak.

Daily8, if you scroll up the comments of this forum until 30th January this year, you will see my comment announcing that I sold off at 59 sen. This counter was the first this year to give me a gain of almost 25%. After I found out about the company's problems I stayed away and will continue to stay away.

Wouldn't touch back this counter after selling at around 59 sen.

In December last year I bought a PN17 company for 43 sen and six months later sold for RM1.04. The company still PN17 today.

Some drunkard saying PN17will be triggered. Hahahahahahaha.

Insas cantek.

Apolloang, after you sold off your Dutaland you now run down the counter.

Insas cantek.

Playing LonBisc is akin to playing Russian roulette. There's a bullet in one of the six chambers. There are safer counters to play, counters that will not end up as PN17.

KWAP has 20 million shares remaining as at last Thursday. Friday volume was 3.5 million, today 13.3 million. Big buyer has been absorbing the sell down.

Switching counters could turn out to be better or worse.

Last time sold at 6 sen to reduce my holding a couple of months ago. Haven't bought back when price reversed. Still have balance of 440K.

Affin planning to list Affin-Hwang.

Today's volume already exceeded the shareholding of the 30th largest shareholder in Affin.

Bought at 19 sen.

If you can afford to buy 830,000 shares in Affin you will be ranked no. 30 largest shareholder.

Bought at 19 sen today.

Yes, confirmed KWAP still selling. That's why I sold off at 72 sen this morning.

Didn't study in-depth on Affin's latest QR. Based on EPS it was within my expectation. Problem is our local stockmarket is not going to go up unless the foreign funds return in a big way.

Buyer waiting for KWAP to sell at 71 sen.

KWAP has around 24 million shares as at 19/6. Yesterday's volume was over 9 million and today already exceeds 12 million. Any selling by KWAP has been absorbed by some big buyers.

Go, go, go Uzma.

Ssssssshhhhhhhhhhhhhhh

Go, go, go Masteel.