Announcement by Semperit:

Semperit to delay the sale of Latexx business.

When kwailo is saying 'delay', it means over 6 months.

Digest & comprehend this announcement carefully.

'....MQ Tech to allow a longer timeframme for the potential seller to revert on its interest or otherwise..'

Otherwise = the keyword

Someone is blocking 0.255.

https://klse.i3investor.com/blogs/kenangaresearch/2020-08-27-story-h1512568544-Daily_technical_highlights_ndash_MTAG_ISTONE.jsp

Somehow there is a TA write up on IStone

The previous block of 30m shares changed hand at RM0.11. These are facts as reported by CIMB itrade

MR GERALD NICHOLAS TAN ENG HOE (a company director) disposed 18,999,000 shares on 25-Aug-2020.

At 0.08 sen!

The correct number of shares 18.9m

via direct deal

18.9m changed hand at 0.08

What's wrong is for fellow trader to con other traders. For the company to manipulate traders is a given thing.

Glove counters at tipping point already. Same goes with the hopeful glove counters

U turn

Read posting on ESOS by Menort above

kc02245. Very true. To exercise ESOS at 0.09 when the share is doing .085/0.095 is simply not realistic under normal scenario.

Reposting of an old comment:

AT as mentioned by Menort has bad history in it business ventures. However, the current move into glove manufacturing seems to be real. They put in place the requirements - Acquisition of Pearl Glove, commissioning of production lines, hiring of new staff and issuance of ESOS, Warrant & PP (to raise cheaper capital rather than bank borrowings).

Comparatively, MQ Tech has also announced the glove venture plans but with no action taken so far. Only announcement.

The show has ended?

Looking at the chart, the roadblock is actually at 20sen

Possible as NTA is RM0.26

MQ TA & Fundamental Rating

TA - 4.8/5. Bullish momentum.
FA - 0.6/5. Passed under valued test.

Corporate exercise - M&A, change of ownership etc - can't find any info

Goreng elements - No info as well

Chartwise, the counter has been trending up for a while.

MQ Technical Rating

4.8 / 5

See the summary here:

https://klse.i3investor.com/mqtrader/sf/analysis/stkta/0117

Executive Summary from Simplywall.st

SMRT Holdings Berhad, an investment holding company, provides various education and learning solutions in Malaysia and internationally.

REWARDS
Trading at 57.2% below our estimate of its fair value

https://simplywall.st/stocks/my/consumer-services/klse-smrt/smrt-holdings-berhad-shares

It could be the beginning of a bullish trend, Check this
https://klse.i3investor.com/mqtrader/sf/analysis/stkta/0117

Below are the latest announcements by both parties (copied & pasted):

a) MQ Tech to allow a longer timeframme for the potential seller to revert on its interest or otherwise.

b) Semperit to delay the sale of Latexx business.

Both announcements are pinpointing to the possibility of NO GO to the deal. Trade with care.

AT as mentioned by Menort has bad history in it business ventures. However, the current move into glove manufacturing seems to be real. They put in place the requirements - Acquisition of Pearl Glove, commissioning of production lines, hiring of new staff and issuance of ESOS, Warrant & PP (to raise cheaper capital rather than bank borrowings).

Funds from ESOS, warrant conversion & PP are more than RM22m. Bank borrowings are not required.

The latest ESOS is priced at RM0.09 which will become the floor price of AT's. Do you think the boss would allow the price to go below 0.09? Unless the boss wants to sailang his employees.

Good sign since they started to hire for the glove factory

Show is over?

The announcement by MQTech:

(ii) to allow a longer timeframme for the potential seller to revert on its interest or otherwise.

+

Semperit announcement to delay the sale of Latexx business

= Likely No GO.

The higher the ESOS price, the better for investors

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3078736

Latest ESOS at RM0.09. New low should be 0.09 moving forward. Otherwise, employees would lose money.

@menort. Somehow you can write something sensible :)

The key words from the announcement:

(ii) to allow a longer timeframme for the potential seller to revert on its interest or otherwise.

Digest it accordingly.

These 4 projects are commercially not viable. Better not to proceed.

Exactly

@Survivor1818 Looking at the chart, we are not far off from the bottom of the current wave.

Someone is throwing small lot at 0.085. I guess they are managing the 5-day average price for PP. Today is exactly 5 days & the average is 0.103. PP is normally 5-10% of this average.

I got it my broker at 4.20pm. Someone is buying 7.5m shares at RM0.10 when the current market price is RM0.085. Think!

Just saw 7.5m changed hand at RM0.10 via direct deal. Current market price at RM0.085

Logic. A person who has RM10 million is trolling other people in a public forum? Think!

The price of 0.11 is available publicly. What's not available is the detail of the buyer. At 30m units, it is still below the 5% reporting threshold.

We can also do analysis on penny stocks. Comments by @Stockiss are spot on. ESOS, Warrant & PP are the cheaper options than bank borrowings to fund expansion but somehow some commentators are not happy with it.

Before Bursa changed the value of lot from 100 to 1000, AT was actually a 90 cents counter. So, the classification of penny / blue chip is just a matter of interpretation.

Commenting with the wrong facts that are available publicly. And somehow, these people have the guts to call other people stupid?

The facts are:
Mother share - 0.09
Warrant - 0.055
ESOS is at 0.075
Warrant - Exercise price is 0.035

(ii) to allow a longer timeframme for the potential seller to revert on its interest or otherwise.

Somebody here mentioned 4 sellers/factories?? But only 1 seller as per announcement?

why he disposed at 0.11 when the current price at that time was 0.18?

ESOS holders keep on selling

210m ESOS should be 80/90% sold by now

ESOS are gone. Price should be stabilized now

Went down but the volume is relatively small.