NoEmo From 1/1/20 to todate, the company received more than rm50m from esos/PP/RI. Interesting to know how the fund is being spent and why the company comes back to the public for more fund in the beginning of this year, 2021.
10/02/2021 9:27 PM

The answer is more funds needed for the directors Ferrari and luxury houses. Haha.

NoEmo the modus operandi of the major shareholders after dumping their holding to bring the price down to 1c level will be similar to year 2020 as follow :
i. the issuance of 22,200,000 KAG Shares on 19 May 2020 as a result of the exercise of
19,500,000 SIS options at the exercise price of RM0.025 per SIS option and the exercise
of 2,700,000 SIS options at the exercise price of RM0.03 per SIS option;
ii. the issuance of 22,200,000 KAG Shares on 27 May 2020 as a result of the exercise of
19,500,000 SIS options at the exercise price of RM0.025 per SIS option and the exercise
of 2,700,000 SIS options at the exercise price of RM0.03 per SIS option;
iii. the issuance of 57,831,166 KAG Shares on 15 April 2020 at the issue price of RM0.0135
per KAG Share in relation to the Private Placement I and the utilisation of approximately
RM0.72 million raised from the Private Placement I for the repayment of the Group's
bank borrowings;
dirt cheap price of ESOS and PP SHARES for the major shareholders and proxies to replenish the shares they dumped to press down the price. Minority watchdog should assist retailers to fight the unscrupulous shark. The fund they obtain from the pp may deviate from the proposal and being used to pump up the prices of some rotten companies sky high.
10/02/2021 8:59 PM

Thanks for the insight, looks like history is repeating itself. They will push down more and accumulate again. Amazing how they don't get investigated by SC actually. Such blatant manipulation. But like I said, If go down to 0.02 cents can consider.

Got query?

Looking set to hit TP price of 0.02 for the sharks to accumulate. Then hold for 1-2 years. Worth a gamble at that price.

If go down to 2 cents can buy a bit and just throw one side for 3 years. Other than that not really worth the risk.

wjc4195 Cebai punya director jual 0.05 angkat ESOS .045
27/01/2021 8:16 PM

Memang pun. Conmen company punya director semua. ESOS tak habis habis.

Monkeys. Hahaha. Great XOX
story.

BILLC These are working directors also known as helping conman to con public investors directors,,,,
19/01/2021 3:59 PM

Haha, yeah man. Conman assistant Director.

Director throw again.

Directors only untung. Really con man company.

Still asleep

Director also sell. Telling us to run too?

Syndicate and Directors win for now but apparently got news SC looking into this counter and a few others after The Edge report. Dont know how far thats true though. We shall see.

How many still trapped here?

No action . Pure goreng and print money counter for directors.

Ever since the Edge Report, The share price of XOX and its sister companies mentioned in the report , Kgroup, Fintec , Focusdynamics, etc... have been going down. Dont know if the news is true that the directors are under investigation by SC. Still no reports and unconfirmed. The directors also scared I think hence the stop of goreng. This forum is for sharing of news, Good news ,we share, bad news also must share. If only good news were allowed, then there is no need for this forum, everyday just say TP + $2. and everyday new contracts gotten. Always buy on fundamentals, results and reports. Win or lose, you decide yourself. Happy trading all!

Did anyone hear the news? Maybe that's why its down. Unconfirmed though.

I feel the pain for those people who bought at 0.38 cents.

@mrlemon DVM Technologies is Kgroup and also they share the same chairman and directors as some of the companies mentioned and also based in same building. Interesting article by the Edge. Worth reading. Just some knowledge.

Published by the THE EDGE, an authoritative financial weekly, has revealed that the stock market in Malaysia has been in a frenzy over the past few months, with 21 listed companies' shareholders, directors and most likely the same group of people, and the share prices of these stocks fluctuating spectacularly and trading volumes are huge.

These companies have a lot in common, most of them loss-making companies, share prices are fairy-share levels, often occupy the top 10 trading list, the stock price fluctuations up and down amazing.

According to THE EDGE, nine of the 21 companies named have the same head office address, the WISMA LIEN HOE, located in the town of Otsta.

The nine companies include Yiding (AT), FOCUS, Wanton Technology (MTOUCHE), FINTEC Global (FINTEC), XOX, M3TECH and NETX Technologies (NETX).

According to the report, Union House was originally a property of listed company LIENHOE, but in 2006 it sold to a private company, E Globafocus Ltd., for RM1, with an additional RM1 debt.

EGlobafocus is 68 per cent owned by CUBES INNOVATIVE Limited and 99 per cent by two shareholders, businessmen Cai Fushun and Yulun.

Tsai and Wen were charged by the Securities Regulatory Commission in July 2014 with manipulating the share price of DVM Technologies, a publicly traded company, Now known as Kgroup.

Mr. Wen, who has faced a number of charges before the Securities and Exchange Commission, including $2.49 million in 2009 accused of misusing the resources of FTEC, a public company, has had little activity in the stock market since the incident came to light.

However, his two sisters, Winne and Wintenny, each own 3.64 per cent and 0.67 per cent of XDL, another fairy-share company.

FINTEC Global is the most high-profile of the nine companies listed above, with several shares held by SANSTON FINACIAL GROUP GROUP LTD, a private holding company.

Bizarrely, SANSTON appears on the list of shareholders of 21 listed companies.

Overseas Days (OVERSEA), which was recently acquired, is also on the list of 21 companies.

THE EDGE reports that the 21 companies with the highest market capitalisations are FOCUS, with a market capitalisation of LINGG 5bn, and their share prices are staggeringly high despite a quarterly net profit of just 2.32m.

Following THE EDGE's revelations, the Securities Regulatory Commission and the Malaysia Exchange will not take follow-up action to investigate the 21 companies, which have attracted much attention in the market.

Sleeping. Wake up in 2021 .

Directors smart. Played the game well.

Welcome to the Casino, Red or green today? Place your bets.

Directors printing money.

If drop below 0.10 , can collect a little bit and keep.

No movement. Dead.

Screw Investor Scheme. Haha!

Buy on fundamental and not speculation. Buy on results and performance safest bet. Good luck all. I see many crying today.

Shark here?

lets see today

Definitely this counter being manipulated by shark and directors. So obvious the buy volume in chunks Be careful. .

Syndicate power...ikan bilis die standing.

deskfyong,

Nah not anti at all kawan, Just stating it as it is. Because if only positive comments are allowed here then there would be no point for this chatroom. It is a fact that this counter has many time been played up based on rumours and speculation. Many have made and many have gotten burnt .And also a fact that I entered at very low prices and sold them when I gained a little bit , it is the way this share is played hence my queue at 0.03 again and my reason for being vested in this counter. But if it pleases you, would it help if I said TP 0.90? Anyway, good luck and happy trading .

Cheers, buddy.

All syndicate playing, partner with the directors to give some announcement and goreng share . SC still sleeping or close one eye . The way they goreng the share exactly like the Main share holder Kgroup. Give some news , make some announcement about some MOU and then goreng. So many times repeat this pattern. All the ikan bilis die standing.

Queue at 0.03 . Hopefully can pick up some dead chicken. Seen this scenario too many times with this counter. All based on goreng. Directors and syndicate all laughing to bank.

Again same trick. All the small guy die.

Queue at 0.015 to pick up some . Not much going on.

Dont know how many times people wanna get conned by this counter? All syndicate goreng only. Lefthand to righthand trading to push price up. Small fish all die. One day SC sure come and check I think. 0.01 to 0.14 in less than 2 months. Possible? Trade smart and make money,good luck all.

Lol, see who dare go in now.

Well played by the syndicate. See who carries the baby last. The directors are probably cashing out also. How can a share price jump from 0.01 to 0.14 in a week? Most companies take years to grow like that, let a lone a loss making company. This is pure speculation . They are also smart to make a few announcements here and there so as to have a reason if queried by SC . They were issued with a UMA query before, I guess they learnt from that to have insurance. MOU's are nothing if not followed through. Remember people, buy on fundamentals, fundamentals and results always win not speculation.. But having said that, I think if it goes back down to about 0.02 , can buy some to gamble. Trade smart . Happy trading guys.

Private Placement

Managed to clear to take some profit. From .01 to .09. Can't be greedy.

Time to take profit. Fundamentals always win.

Lets see this week.

This syndicate strong also. 0.01 to 0.115. Now time to say bye bye. Scared of UMA query also from SC. But good show. Make money guys.

Worst timing for this company. Might not survive.

Will this company survive? Investors?

Jedi master leading a company? Lol

Expected, can buy a bit to gamble, that's it. Nothing more. Rubbish stock.

Looks like toilet paper worth more that this counter. Lol