@GuanYinMA, it is not a matter of ganjeong or not, it is a matter of facts based on the track records. Even if we wish to buy stocks for long term investment purposes, we shall choose those stocks which have strong fundamental and business development potential.

The purpose of my comments are to alert those who have been caught at 0.13 or higher level so that they are cautious and will not simply keep dumping their hard earned money to average down to nowhere, for long term waiting of reversal.

@Hazmi90, I wish what you commented will turn out to be true, but we are all shocked by the way they dumped the shares so aggressively like rubbish in the past few days.

Let's wait and see and the share price movements and support (if any) will tell.

If it stay still or keep falling down, forget about it.

Good counter like Es Cerem will have their major SHH to keep buying back while other dumped their shares, but look at this Ages and none was done to support????

and if the share price keeps dropping, their future launch of ICULS and fund raising plans will kaput, and then more and more investors will lodge complaints against them, and will eventually subject to SC's investigation.

As predicted and the price going down and down and down without a supporting level.

Better dont go in yet, let them play first. We watch. I am still holding some and expect to hold for a long long time. But i wont average down, because there is NO solid backing in term of its performance and biz development in the near future.

Bette stay OUT.

Stockraider, your comment came too late; but it is better than never come as it might stop more innocent investors to lose their pants.

ikan billis should watch and see, dont average down, let them play themselves. And all their future rights issues, ICULS etc , dont touch at all. This is because they like to push and force the share price down, and we dont know where is the bottom, they control it and we are at very disadvantage position, thus the best is to PAUSE.

yesterday I went in already at 0.51, follow the Captain

I think that this counter has been tightly controlled by big players. They control when to push it up or DOWN. The only way ikan bilis to counter (react) to this sort of unfair game is to HALT trading and dont buy or sell, it it DIE naturally.

Meaning whatever ICULS or PA exercise they wish to push, we do NOT participate all of these later. Thus the big player will fail in their funds raising purposes. And we shall see who will be suffering more.

Once the retailer individual react in this way, they will have no choice but to reverse their strategy and then the share price might have a little chance to revere.

Let's us ikan bills UNITE together and do the above to protect our investment.

I think that this counter has been tightly controlled by big players. They control when to push it up or DOWN. The only way ikan bilis to counter (react) to this sort of unfair game is to HALT trading and dont buy or sell, it it DIE naturally.

Meaning whatever ICULS or PA exercise they wish to push, we do NOT participate all of these later. Thus the big player will fail in their funds raising purposes. And we shall see who will be suffering more.

Once the retailer individual react in this way, they will have no choice but to reverse their strategy and then the share price might have a little chance to revere.

Let's us ikan bills UNITE together and do the above to protect our investment.

davors. I also think the same way as yours.

The way it was being dumped like that today, already clearly proven that this counter is useless and not worth putting anymore fund to support it. And as I worried earlier, it will keep dropping until we surrender and it is really happening as predicted. Luckily I kept selling down everyday and this round not being caught and burnt. Until now this is no sign of supporting. Perhaps it will drop around 0.06 to 0.07 then will be safe to go in again.

I only worry if they have ultimate objective to convert all the existing ICULS so that they can satisfy the SC to approve their new ICULS application so as to raise funds from the public again. If this happens, then the share price will fall further.

What i meant is that the major shh is losing money after conversion at 0.13+.01= 0.14 (cost) vs market price 0.115, loss of 0.025 for each share. Why they keep converting and yet the share price remains low at 0.115?

seems like kmwong8711 is very supportive of this counter, with some supported facts, that makes me feel more comfortable on this counter now, tq.

I noted that the major shh had been converting their PS to normal shares at 0.13 lately with substantial amount, yet the share price remains at 0.115 without moving. This is illogical and can anyone share your views on this?

Well, before we go all out with the hope that this counter will fly, it is no harm to be extra careful and do not average down so that our hard earned money will not be swept by big players (who seem already cornered this counter:- market cap of this counter is small and in the past few months its share prices were either stagnant or coming down slowly). Once the counter is cornered or controlled, the up and down is easily manipulated by them and we small ikan bilis will be caught.

List of some penny stocks with huge total share issued or incurring losses in many quarters or with frequent fund raising exercises via rights issue & share issuance to ESOS & Private Placement or had undergone share consolidation exercise and rights issue with free warrants.

This is not an exhaustive list. Feel free to add or amend if there is any error.

ANZO, AT, BORNOIL, COMPUGT, DAYA, DGB, DOLPHIN, EAH, EDUSPEC, FINTEC,

FOCUS, GOCEAN, ICON, JOE, KANGER, KGROUP, LAMBO, M3TECH, MACPIE, MINDA,

MLAB, MNC, MTOUCHE, MTRONIC, NETX, NEXGRAM, OVERSEA, PASUKGB, PDZ, PERDANA,

PHB, PNEPCB, PUC, PWORTH, SANICHI, SAUDEE, SCOMI, SINARAN, TALAMT, TANCO,

TAWIN, TIGER, TRIVE, VIZIONE, VSOLAR, WIDAD, XDL, XOX

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Free access to company profile and information:

ANZO https://www.klsescreener.com/v2/stocks/view/9342
AT https://www.klsescreener.com/v2/stocks/view/0072/at-systematization-be...
BORNOIL https://www.klsescreener.com/v2/stocks/view/7036/borneo-oil-berhad
COMPUGT https://www.klsescreener.com/v2/stocks/view/5037/compugates-holdings-b...
DAYA https://www.klsescreener.com/v2/stocks/view/0091/daya-materials-berhad
DGB https://www.klsescreener.com/v2/stocks/view/0152/dgb-asia-berhad
………..

I thnik careful investors shall take note that ICULS has some risks associated with it.
It is not necessary ICULS is always beneficial to us.

Read this:-
https://www.investopedia.com/terms/i/iculs.asp

No need to debate on uncertaintied, as cautious investor, i will write to SC seeking clarification whether this Ages really has valid sand agreement Or licences and also the tenure of the license, if proven that they dont have any valid agreements in hand or their license lapses and yet they keep quiet about it and not making any timely announcement as required by the listing requirements, then shall let SC to reprimand them accordingly.

And even with the PE ratio of 3 But yet no body interested to buy and invest, Why ? Is it possible that all the top investment arms in Malaysia also overlook this good investment opportunity? No way

@fable, your call now

The worse is YET to be over.

The down trend price movements in the past few weeks have shattered my last hope and patient.

Further buying or averaging down is highly not advisable.

Hopefully it can prove me wrong.

And even with such strong theoretical analysis and positive comments by so called experts also can not push this counter up to the intended level as predicted, it is definitely something is going wrong somewhere.

Thus, for any future rights issue, ICULS announcements, I shall not subscribe to it as I have lost my confident in this counter.

It is reversing this morning, looks good.

kmwong. thanks for sharing such important info. it enhance my confident in this stock.

shrewdinvestor, I concur with your finding and I noticed no panic disposals by the major shh in the past 2 weeks. Thus we might hold it for mid to long term investment. Contra players might be burnt this round.

From the movements of the share transactions of this counter in the past few months, it's share price was once maintained at 7 sen for long time and then out of sudden drop sharply to 3 cents, and then it went into consolidation and the price was pushed back to higher value of 20 to 30 cents again so that the operator can push it down again to 10 to 15 cents. The results of these manipulation was that it caused many innocent invested losing tons of their hard earned money.

And worse still, it came out with the right issue exercise and during the cum right period, they cornered the right share price to half a cent and causing no one could escape and thus force to either subsribe the right issue with 8 cents or losing the whole thing if they did not subscribe.

Before the closing of the rights payment date, they pushed the price from 15 cents to 30 cents.

And once many investors subscribed the rights and before the shares and warrants are listed in the Bursa on 28/5/21, they pushed the share down to 6.5 cents. As investors have yet to obtain their shares to sell, basically they are can do nothing but just watching their share investment being busted falling a sharp fall.

I wonder what has the Bursa done to allow this sort of manipulation to be operated in Malaysian market causing big outcry of the minority investors to lose their money like that.

This is definitely a loophole in the equity market system and we investors shall make complaints to Bursa, and to the extend question Bursa why they never tighten the rules which allow listed companies to use the same tricks over and over again ?

As an investor who lost money by this sort of manipulated right issue exercise, shall not accept this sort of unfair manipulation and we shall initiate complaints and or legal action against the wrong parties who took advantage of the loopholes and also to question the regulatory bodies who failed in their duty and responsibility to deter day light robbery like this.

game over?

Thanks to BLee for such impartial and detailed analysis.