Sold 80 sen then price drop so fast, why?

CEO owns only 4 million shares, all sold and he is just a working CEO not the owner.

One hour trading halt after being quiered by exchange. Looks like good news.

Pour into longkang lol

Incredibly management of Seacera is able to fend off so many litigations and attempt to wrestle control of the co by hostile takeover.

Yes u if I were them that’s what I will do. Even sell land at RM500 million for fire sale also can as market capitalization now only RM150 million and NTA RM1.12 vs current share price of RM0.31.

Power = Money

Heard there was fighting at the AGM over ballot box cheating. It goes to show how valuable Seacera is. If is a piece of junk then no one bother.

Tomorrow AGM, both Fintec and TWL nominating 6 directors. Before Fintech it was just TWL. Now is 2 parties fighting for control. Whoever win doesn’t matter now as they will bring the co out of PN17.

If u look at the situation, TWL talk so much but no power, after he enter the race to acquire Seacera, not only share price don’t move but even drop. He even sell his shares and got snooked by the old management. Until now he failed to takeover the board. Fintec is the one with power. Share price rocket after they become substantial shareholders and challenge TWL. I believe Fintec will win.

Everyone knows Seacera has negative working capital which is what the auditors mentioned. Fintec is obviously going for the non current asset which is the land. Seacera has a net total asset of RM703 million vs their current cap of RM158 million. That’s a staggering RM545 million. The net asset per share is RM1.47 vs current market price od RM0.33. Whoever controls the co can strip of the assets and sell it aways. I guess that’s what Fintec might do.

They should make a clarification. Maybe is A typo and error should be RM10,586,422 giving avg of 0.28, just my guess. Haha

Yes cancelled co announced:

The Board of Directors of Seacera Group Berhad wishes to announce that the elected Chairman had adjourned the Extraordinary General Meeting to a date to be advised later, pursuant to the Ad Interim Injuction granted by Learned Judge, details of which announced by the Company on 16 April 2019.

That’s why afternoon share price back up.