its opportunity cost, if your $$ is stuck in a counter, it cannot work for you

15-day downtrend... better cut loss if you have not

how many got stuck? lol

The company has been loss-making, and now 4-1 rights issue to increase NOSH after 30-1 reduction last year, i wonder how many rounds have this counter gone through this process?

share reduction from 4-1, RM 150 mill in bonds convertible to shares at 0.2 after consolidation. Looks like minority shareholders will be wiped out

seems very heavy

price drop 15% in the last 3 days

looks like AZRB is desperate for cash... stay away

as usual, buyers have all gone missing. Wait for another 2 years...

807 million shares issued since 2020 through private placement, almost doubling the NOSH. Soon there will be a cancellation of shares and issuance of more shares.. conman playbook

every day seems to be a new low...

not true ma... https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3280977

i see it at 0.02...

you forgot there is another party in this whole equation, Bossku.. it's a 3-way race

900 mill in shares issues since 2020, half of those through ESOS, shares can be diluted by small group of people

pump & dump

now issuing more shares... they will continue to do this until reach a few billion shares and then share consolidation.. conman

i foresee they will dilute the shares, issue new shares to a few billion, then consolidate, then issue again before goreng...

share consolidation on the earlier shares was at 0.15 cents... and now they are diluting it to 0.05 cents..

"Our Company intends to revise the MCP of the
Notes. Pursuant to the Letter of Understanding, our
Company and the Subscribers have agreed to
revise the MCP from RM0.12 to RM0.05"

I guess @shlym meant its expected to go down...

I don't think they stand a chance, if not PCC would not have sold his stake, think he knew no hope already

might as well wait for 2 cents la which translate to a market cap of 28 mill

i suspect the reason they did this is to raise capital... which means issuing more shares, just speculating

wait for 10 cents la

at the rate it is going down, think it will end up at 8-10 cents...

notice the operator pushed it down last min for a mare rm 52... lol...

definitely, a con counter, think it will go down to 7 cents again... then will issue more shares to dilute shareholding and consolidate again...

lost so much $$ on this counter over the years that I am just letting it ride... queue sera sera

got to get used to the swings...

pump and dump?

no hope already this counter... just cut loss and move on

how many got caught?

dropped 34% within a month but am not surprised, all their wayang kulit had to come to an end

interesting to find that there is someone mopping up at 2 cents, this counter clearly needs a new shareholder/owner to lead it to different heights

bilalah nak meletup?

@Ong... think those reports were about the Menara Lien Hoe guys...

this counter ah... always one day hero only...

looking at the trading patterns, someone is clearly playing with it.. question is it going up or down...

yes, it is... more and more sellers are emerging. The lack of press releases about the negotiation for loan extension does not bode well

last announcement stated they are negotiating with Bank Rakyat to extend the loan repayment... hmm

you guys are really funny... lol

@SC... yeah, it is unexpectedly good...

how many got caught in the pump and dump exercise?

@new994, this is due to dilution of shares, need to look at the market cap

That's a simplistic way of looking at it, while I would love for the price to go up, need to be realistic of the fundamental issues with this company. Cashflow- they will have to sell more shares which means more dilution. 2nd... they do not have enough land to harvest logs, even before PMU5, their factories were running at 40% capacity only and were making Q on Q losses.

i love the development, to be honest, been to the pier and it will be pretty nice.. but again, we are here to make $$ and the damn owners, not the goreng type

err... they have applied for winding up protection, i don't think it will go up any time soon... NTA does not mean anything https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3128219

@rijack88, FMU 5 was terminated bro, lost deposit of rm 23 million... all thanks to Shafie...

@happyvincent... yawn.. stop repeating old news la, you not tired meh