https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3198499

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3198461

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3198462

https://www.theedgemarkets.com/article/kpj-says-no-privatisation-proposal-received-so-far

This should be a happy thread because who can lose money in MYEG...

This is DRB not MMC wei....wanna privatise ask SM pay $2.80

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-10-03-story-h1591875011-Kiyosaki_Biggest_crash_in_world_history_hits_in_October_3_ways_to_prote.jsp

Why is it that no one salute Karim for his poise

Helluva entrepreneur don’t you think. Capitalised on NEP build a multi-billion biz from nothing. Now paper loss in excess of a billion but he stands tall working on ventures old and new while keeping mum on the SIR as he should be

For Karim giving us bilis this opportunity and Chinese-Muslim muhibahness hahaha I really hope he survives this crisis

Respect

@ruslimz the 75% is out of the shareholders who are present like you guys and excludes any shareholders not present at the EGM

https://www.malaymail.com/news/malaysia/2021/09/27/interstate-travel-expected-to-be-permitted-from-october-says-muhyiddin/2008865

Wow u monitor verde so frequently? Thanks for letting us know! Good info!

U see the irony...people so scared to buy at 1.7 because they think it's worth more than $2 wtf lol

Yes it's more like the SCR caps the upside at $2.00 than the other way round totally agree it's worth much more than $2.

20c a quarter? 80c pa 10PE TP$8.00. No wonder privatisation will fail hahahahaha

Stockraider totally right lohhhh

SCR fail means someone wanna pay $3 $4 $5 in future mahhhh

In fact for this counter the ideal scenario is market get shocked by Evergrande…

U get a sure pass $2

U get to cash out at $1.97 and buy other things cheap

hope the above is true lol I just want $2 don't need $2.20 $2.40 $2.60 hahahaha

The 75% threshold translates to 36.18% required of total outstanding shares of which 27.55% fall under the larger instituitions (not unit trust funds) which we all know have agreed

This leaves 8.63% of total outstanding shares only that has to be "controlled". This includes the unit trust funds who are likely to agree

8.63% cost less than $300M in that covid meltdown period. At $1 it's only about $258M

TSSM and friendly parties probably got it lower than $1 during the meltdown

After having confidence in control they finally launched the SCR

MMC Top 30 used to own 90% of the shares back when I accumulated...only in 2020 this changed

Having accumulated enough shares under friendly parties...and with PNB's consent, TSSM finally launched the SCR

TSSM waited and waited and waited...until covid struck drove down MMC

At ths point EPF and Urusharta started selling down. Whether they sold on open market we dont know. Even if its on market transactinos it is likely TSSM who has been waiting has a bunch of nominees buying.

He was given time like never before. Almost a year for him to continue accumulation during which time EPF and Urusharta stake came down from 12-13% to 3%.

those who bought from 22/9 onwards cant vote

exception can instruct broker pick up on T day dont need wait +2

still, those who bought on friday 24/9 onwards cant vote no matter what lol

benteo78 must register to vote FOR everyone
24/09/2021 6:45 PM

Same same for many penny stocks...just that as many have said, Bornoil we feel more comfortable as there are some fundamentals there...........

MQ did not buy at 2.5-3.0 cents and sell at 3.0-3.5 cents...they merely distributed it to parties acting in concert to ultimately control this counter

MQ is proxy

No reason for MQ to do this in itself

Someone is using MQ as shield to have control of shares

MQ is a legal shield and nominees who own the shares via MQ need not reveal their ownership

Last round run to 9 cents they realised they dont have enough shares to justify the operation

So take a year to gain another 20% for control




lehubeng a good man...
give advantage to others....

give MQ 20% at a minimum of 0.025....(please don't think MQ is proxy...)
MAYBE buy from good friend 0.05 when open market only 0.03....

use company money for sbb at a higher price to make retailers happy and gain their confidence...


Good man....
24/09/2021 9:06 PM

Off market/ direct transaction

justin1njp https://www.bursamalaysia.com/market_information/announcements/company...

U c the announcement today.
2000000 unit n the money involved is rm 100k.

He buy 5sen ?
23/09/2021 9:23 PM

Hap Seng owned entity

hongheng7 Who are VICTORIA LIMITED?
24/09/2021 6:27 PM

like mmc right now 1.64 and below large queue but wont be surprised at all it falls to 1.54 then 1.44 lol

charts and momentum are not always right...at best 50/50 which means we cant tell at all whats happening behind the scenes. as u know very often a huge rise is preceded by a huge fall - and very often for no clear reason and fall till u scared and sell...

i3lurker share price dropped coz some big boys believe it will fail

thats what it means
24/09/2021 4:35 PM

yes u r right i am just assuming someone like SM already knows he has the 75%

Actually

We dont have to do our part to vote

SM already has the 75%

It's the 10% that can block which our vote wont help

Back all in 1.64 thank you TSSM

The irony

This exercise will only fail if it is so obvious that MMC has more than $2 to be realised by someone other than SM - so why worry when it comes lower and lower.

free money wei

https://www.malaymail.com/news/life/2021/09/15/eight-interesting-facts-you-didnt-know-about-sabah-and-sarawak/2005712

No brainer when it was below 80c

Karim&co. so cash tight it makes sense to declare dividends to shore up their personal finances...but we have seent his played out before. So long as trust issues not resolved, any attempts to use dividends, declare good news or contract wins, share buybacks, director buybacks...all only lead to sharks pushing it lower...

If there are rumours there aren't any from a reliable source yet...what i meant is if serba's problem is limited to those issues raised by KPMG then serba is ok at this price. At this juncture it looks like whatever the SIR outcome it's going to be better for share price.


dimmubroker From where the rumors that EY already confirmed KPMG report come out actually?

Did i miss the train?

Posted by UncleFollower > Sep 14, 2021 4:40 PM | Report Abuse

if the issues are only just as serba announced then even if EY concurs with KPMG serba is worth way more than this
14/09/2021 5:08 PM

Awang's force sell quantity is so small it does not contribute to the fall...more like the other way. Exit of the instituitional funds the last round allowed operators to accumulate large number of shares on sale, just look at the sheet vol...If they are in control it's very dangerous for Karim&co. They can keep driving it down below 30c force Karim's bank to sell and they buy on the cheap. We have seen that clearly happening to KYY back in Dayang...

dont be silly almost everyone sold otherwise how it fell lol

treatshijau have anyone sell all?
how is it going now?
14/09/2021 4:52 PM

How is WC having higher turnover than mother share again. What is this wei

where is the con lol it's all in the news

KPMG did not raise issues with cash balance so they do have 1B cash in hand

if they did that maybe serba 20 cents now lol

and they didnt use company cahs to prop up cash to prevent margin call by controlling shareholders

and then after force sell no more force sell - he topped up cash? if he has cash to top up why force sell to begin with...plus it really isn't a lot of $

then u see awang force sell also very odd...last round at that range no force sell. so he withdrew cash after last round share rebound???

this is the perfect time for whoever to play this stock - before clarity

there is almost no doubt nexis will approve serba...which makes it so odd again in view of the SIR

if the issues are only just as serba announced then even if EY concurs with KPMG serba is worth way more than this

so KPMG is running a real risk here

it's all odd...if there are issues beyond what has been announced, KPMG partners for the past 4-5 years must be personally liable

Yes it's quite interesting...just buy popcorn from GSC and watch drama unfold