But having said that, there is a lot of fabric mask makers both local and foreign....

At the very least 10 million cash incoming...

The more conversion of warrants, the more cash to the company which can use to repay borrowings or fund expansion. Either way its win win....

Locals won't buy fabric masks because its expensive and need to be cleaned. Likely exported to foreign countries where it is cheap for them, and whereby the foreigners believed in the anti microbial technology. This is especially so where the pandemic is rampant

What could have happened? 2 years ago before the start of the construction projects, they had 50 million cash. Now after multiple private issues plus some mediocre profits the cash is 9 million. Maybe a Jo Low scenario happening here? Over inflated equipment purchases? After all, their depreciation amount is circa 1 million every quarter.
Huge red light

Cash magically dissipate to 9 million.....

Within 9 months, there will be left with a 200 + million project only

Miserable profit. Should be below 10 cents

Should be lowered until the 60s for their incompetence in starting an 2 years overdue project

Fully valued pe 15

So much for being glove supplier. Only 11% increase

New normal. Change government every 6 months

No hurry folks. Dont catch a falling knife. Wait until its settled

Collect at 62. Panic sales

Maybe next QR eps closer to eps 2 cents. Annualized 8 cents . As demand is assured, at pe 15, that's 1.20!

Human behaviour is interesting isnt it?

Doubt it will go that low...its an ascending triangle trip, think institutions are accumulating.
No brainer, with the influx of new market players packaging is running at full demand for the next year or two.

December

And yet he is still the chairman.


Slow day lah

Interesting conundrum. How can you be sure they are doing so well...

Maybe little shark is leaving the stock....

How did you conclude this?

Any data?

What makes you say so?

Human behaviour. It happens to the best of us

Buyers dissipated

There isnt? Got to be the best player in town

At the edge of a train wreck....

So did a lot of retailers....

LoL

Maybe should email the chairman and ask why?

Watch out potential support at 1.40....take extreme caution

So far local masks is not competitive relative to China players, will there be substantial revenue from this venture

Maybe there is no follow through on the initial sales hence the Chairman sold off his holdings

Worse is yet to come.....in hindsight internationally there is a lot of anti microbial masks around the world, will they able to beat China players and maintain revenue ?

Time to accumulate..

TP 85 to 90 cents

Conversion of warrants. Influx of shares supply. Should move by mid November

Think it wont move until QR2 is near, then the shark knows for sure.....
Why did the chairman sell all his holdings if it is going to double or triple?

Let it consolidate lah. There will be margin calls after this....

Green in a sea of red.....

Syndicates leaving...money in hand better than none

Short term game over. Need to consolidate....

This stock is in a sweet spot. The more gloves players there are, the more packaging they need.

Usually circa 2 weeks before closing date

Trappy. Think shake down is coming....

Think there is no rush buy in by retailers at this price. What's the syndicate going to do?

Obviously some one is leaving the party....

Actually I thought syndicate want to let go of shares that why the selling queue is so strong. In the scenario of frenzy buying....

Heard about the double tracking project....