Your ignorance and persistent averaging is greater than your loss...

It is unfortunate of the Duo to be incriminated for the disposal of Motor vehicle (MV ) without Board resolution. As said, if there was no board resolution for the purchase of the MV in the 1st place , then it was not a company car . The money paid for by the company could be taken as a loan to Director. The Director can register the car under his name and dispose of it without board resolution ( MV is not a company car) . No big deal. The legal case brought against them is to prevent them from returning to office and the case will take some time. Eventually, the duo would be removed from the BOD until they have cleared their names.

To pre-empt from such occurrence, the Duo have initiated their resignation ,which i think they have done the right move .

The moment the duo have resigned as Executive Director and Director respectively , they might have probably thought of disposing the entire shareholdings in time to come as the duo are no longer Directors who are required to be accountable to the shareholders. They are not accountable to the shareholders as they are no longer in the capacity as directors . Their capacity is of shareholders who are at liberty to sell shares at their disposal.

I have a feeling that the duo would dump their entire shareholdings OPEN Market instead of off market . I Know it is expensive to sell open market but the duo are not concerned with the money anymore. Their agenda is to plummet the share price to the maximum to make the incumbent 's shareholdings worth only penny at the mercy of the Duo.

It is clear that the current BOD is not acting in the best interest of the shareholders but would let the company rot and exhaust the resources of the Company till it is heavily indebted. Basically ,the company is destined to be doomed.

The Duo are still holding about 90 Million shares worth about RM 31.2 Million ( assumed to be valued at 0.355 as at to date ). The shareholding of the Duo would probably be worth less if the share price continues to plummet. The duo are mulling hard if they want to keep their shareholdings and fight back or dump their entire shareholding open market. The duo might do so in order to depress the shares to the maximum to teach the incumbent a hard lesson.

The way it goes, it would probably plunge below 10cent. The cheapest has yet to come, Your persistent averaging is greater than your loss.

Speculators have been fooled that the share value is expected to spike above RM 5.00 ++++ but eventually end up with huge loss ....

Market sentiment is back.can G &G but this one seems to be overvalued.

Nothing is to be worried about. It would have been that price much earlier on but it didnt materialise......

The reason for resignation as directors given by the duo is insinuating that the current BOD is not fit and proper to run the company,which has sent a clear signal to the market.

Such is seen as a barhinger of the plummeting of share price to come...

The duo should fight from within the BOD.Now then they have resigned as Directors,its not easy to fight from outside . However ,since they are still substantial shareholders ,they can still gather substantive forces from other shareholders to remove the entire directors through EGM.

The share price is expected to be depressed further following the departure of all the three co- founders as executive directors.
Who knows the duo are capitalising on their resignation by collecting cheap sales now?

Mtag share price seems to be unscratched in the interim turbulence. It stays strong...

No need to wait for FOMC, they have already made up their mind not to adjust anything in view of the current turbulence.

The reason you run like chicken headless is not because of your loss of confidence in the company ( the company is still doing great ) but because of your fear of losing money . Apparently ,you have lost confidence in the market and you expect the market to be recovered in a week or two in your fantasy. For sure ,the market is going to be recovered but not in short spell as expected by you. What matters the most is to restore the confidence in the market, which is exactly the US and EU have done by taking significant measures to stop the bleedings. Once the bleedings has stopped , the wound will be healed sooner than you expect .

Meanwhile, if you can not stand the heat in the Kitchen, I suggest you get out of the kitchen immediately.

As pointed out, the youtuber was touching on only the qualitative factors but failed to consider the qualitative factors such as the instability of the mgt team, the direction of the company under the" hostile mgt " and many other circumstantial issues within and surrounding the Organization. On this basis, the advice is incomplete and inappropriate.

I recalled that one guy used to hype on this counter feverishly to be RM 10.00++ since commencement of the pandemic spell but it never materialisd in the end.

It is so pathetic to stand at 31cent now and so is that guy now.

ou are incorrect. Most of the cases, the devastating havoc is caused by the small investors more than the big investors. Usually, the small investors tend to be emotional and passive. Basically , they are just followers of the big investors , waiting to be exploited by the big investors

All the big investors would do is to trigger " a sale in a small scale" for the small investors to follow , creating cascade of falls due to herd sheep effect while the big investors are more than delighted to collect the shares at cheap bargain from the running chickens . You should know by now who is the winner and who is the loser in the end. The winner takes it all and the loser stands small ever and ever.

Coming back to the main point, not only the USA Government has quickly addressed to this short wave to stop the ripple but also the big conventional bankers such JP Morgan , Morgan Stanley and other big boys have pledged to provide USD 30 billions or more as financial aids to the liquidity stricken banks to halt the domino effect. Fundamentally, the US Banking system is sound and strong with no cause of concern in the interim.

Dont run like a running chicken head. if you want to run, run like an ostrich faster than anyone else.

Sudden surge is illusionary only. The company is rudderless without clear direction now. It is drifting in the wild ocean as if it was heading towards the remote Indian ocean where it would be sunk to rest at the seabed of the deep ocean forever like the Titanic.

Exactly, those banks in distress are not conventional banks who provide conventional loans but Venture capital ( VC) funding to start-up companies of high tech natures. Basically , the bank's market is a niche market. If 1/10 of
their clients are successful, the bank has already recouped their total investments in this market.

Following the liquidity issue, the US Government has already pledged its full financial support to this type of bank providing this kind of funding to this niche market. The rest of the conventional banks is not even scratched in this saga . Hence there is no cause of concern . Just that some chicken heads here are panicky to be over reacting.

Why are you panicky like running chicken heads like them ? The prospects of high tech companies are good at the moment. The recent sage is due to the weak risk management of the banker's assets and investments in corporate bonds and Government bonds

Judging from the market , it is consolidating and oversold position which is seen as a harbinger of spike

PN17 flying high fast and furious

US Government has stepped in to calm the market with surety. As such, there is no cause of concern.

Share price is expected to be depressed further following
the resignation of Danny

EN must have known that Danny was to resign .No wonder EN sold off all his shares before Danny announced to tender his resignation.

It corresponds with the insider information that EN always sold his shares before the negative news was made known to the public. It is proven that he did it time again and again.

Danny is believed to be fed up with the mess and havoc created by the trio and has resigned as the Group CEO.

Another reason could be due to the fact that Francis Leong is made as an ED.How could there be two masters in the house?

The final nail to the coffin is the recent appointment of directors
from the mafia group to replace the incumbent BOD.

Basically,the company is destined to be doomed and is of no value now....

EN has replenished all his positions and washed his hand. Now then the company is headed by Mafia group and the company stands to be ripped apart faster before you and me could imagine. Share price is expected to plunge of no return

judging from the way it goes, RGB is like an abandoned ship without a rudder and a captain. The worst is that the ship is being hijacked by a gang of bandits ( Mafia ). Basically, RGB is destined to be doomed with no chance of restoring to its pinnacle.

The bottom has yet to come..... cascade of price falls is expected to be faster than you could imagine....

FV is said to be 1.20

It is not a matter of cheap entry but a matter of value. Given the current situation, basically the share is of no value
to me.

Now then the new composition of BOD is made up of Mafia group. Though EN is no longer a substantial shareholder, he could still conclude with the Mafia group to exhaust the resources of the company by transacting with them using his associated companies set up inside and outside Malaysia.

Danny is the Group CEO while Francis Leong is ED

You need to compare Apple to Apple instead of Apple to Orange. One is PN17 and the other one is not. Both are incomparable and out of the question.

EN is in loggerhead with the Duo for the critical control and management. EN and Duo are the centres of the attention now but Danny is just a bystander sandwiched between the Daredevil and the Deep Blue Sea.

All the counters are just upset temporarily due to the market sentiments. All should be subject to be rebound in due course. No big deal

Every single move taken by the incumbent at the moment is to quash the planning move of the Duo to topple the incumbent. The legal case brought against the Duo is just to buy time for the incumbent to restructure the management composition and reshuffling to achieve their end.

Do you really believe the reasons of their resignation? Cant they be compelled to resign to make way for new composition of BOD ? The purpose is to make it harder for the Duo to challenge the removal of the entire BOD. Previously the Duo was planning to remove the entire BOD through EGM but the scenario is different now due to new composition of BOD

Nothing personal but factual. At the end of the day , you need to be judgemental given with the facts surrounding the circumstances. Past performance is the thing of the past and so is the technical analysis. In this dynamic arena, we must be responsive to the every dimension of the facts around you to form your opinion/judgement . We are talking about facts not fake news. How factual is factual depends on the discerning capacities of individual. Some individuals have strong sense of intuition.

It depends on the perception of individuals. Some see it as rubbish but some see it as golden nugget.

t could be the negligence of the Auditors by not checking properly that the company car was not approved by BOD with resolution. Who was the ED or MD in charge in 2018 when the company car was purchased ? if no resolution, then it is a private car to be registered under individual name. The money used to buy the car is treated as advance to that individual . Whats the problem ?

The youtubers are crazy to initiate a buy call to capitalise on " the once- in- a- life- time and too- good- to- be- true bargain price " . However, they fail to appreciate there is BOD coup in time to come................

New BOD is already in the composition of RGB , planning for a hostile take-over very soon. The financial resources are expected to be exhausted by the new BOD similar to Caely Holdings Bhd where Five shareholders are now suing the incumbent and ex-directors for breach of directors' fiduciary duties and abuse of power.

The master will act opposite once you are convinced and drawn into the trap. When you buy ,the master starts to sell and vice versa...

As expected, EN has sold all his shareholding off market to the purportedly " Mafia Group " which is believed to be the major shareholder together with nominees now to take over the BOD , which is seen as a harbinger of the downfall of RGB.

As pointed out,the previous resignation of the 3 directors was basically to make way for the current new appointment of five directors,some of whom are either from mafia group or directly and/ or indirectly associated with the ugly.

EN is trying to keep the duo busy with the lawsuits no matter how petty they are so that the duo have no time to plan to re-capture control of BOD.

Following the cancellation of special audit by the auditors on the irregularities ordered by EN( such irregularities might never exist and were not justified to be investigated,EN was not happy about it but continue to dig out the old issue against the duo such as the car purchase issue which ,i opine, is untenable.

More margin calls are expected for EN, more funds are required by him to restore the Margin finance . He might stage the hostile take-over by Mafia group for a personal term when he is in a desperate situation right now.

If the said car was purchased using company fund and the car was registered under Dino's name, then the fund should be taken as advance to dino who is required to repay in due course. No big deal. Since the car was purchased quite some time ago, the auditors of the company would have carried out the audit accordingly and duly reported of such transaction.

Hence , i think the case against the duo is untenable.

Purchase and sale of Company vehicle must be approved by BOD. But if the car has not been approved by the BOD, then it was not a company car . Hence , there is nothing wrong to register the car under personal name. The question of company car doesn't even arise. Since it is not a company car, there is no need to have approval from the BOD to dispose of the car.

EN is still in direct control and management of the Assets including tons of funds in RGB. EN was once reported to have abused the funds through "related parties transactions. He will continue to exhaust the resources through collusion with third parties ( likely to be Mafia group ) under the camouflage of " third parties transactions" this time round at the expenses of the investors.

By the time when the Duo manage to return to control, the Company would probably become an empty shell.