Many listed companies having hugh debt is asking money through right issue with free warrant to burden the share holders, some even resort to capital reduction like AAX to salvage the business...

Company is cash rich with no debt, with additional funds from private placement and Esos, this is good sign that management is ready to do sand export business, I would say it is worth to buy more shares and hold for the bright future...

Company just announced Private Placement shares and Esos up to 30 % each to raise funds for business expansion

This is not a sell or buy call remarks, pls judge by your own...

Hopefully by 19th October, the material litigation can be mediated amicably without the court case, then the company management can then concentrate on doing the sand business.....

Once it's sand mining business is approved by Malaysia Authorities, it can export river sands to Singapore, Hong-Kong and China...

It has cash of RM 2.65 millions as of June 2020 QR and raise more than RM 8 millions cash through private placement shares at RM 0.10 in September 2020...

Most important it has no debt, it is a cash rich with no short or long term loans...

Allinsurewin, another information is NTA is 0.08....

Allinsurewin, now you will judge to buy or wait, it is up to you and today is a force selling day, otherwise no one will sell to you at RM 0.06 where as private investors bought at RM 0.10 a share...

Private placement price for 81 millions shares at the price RM 0.10, now you are buying at RM 0.06, a whooping 40% discount to private placement...

Eric, unless AT is not buying PGSB and wanted to use the money for something else, someone is already started to throw at RM 0.065,may be the seller knows PGSB deal is off...

Or even RM 0.05 and below..

Because if AT management we're to announce the negative news on last Friday , definitely the AT price have to fall down to RM 0.065 or RM 0
0.06, then private investors will not be happy as they will get stuck with a lot of private placement shares at the moment...

Obviously AT have put the interest of the private investors above the public retailers and refused to follow the Bursa rules and regulations...

It is the binding agreement between the private investors and AT management otherwise the private investors will disagree to subscribe the remaining balance of 396 million shares...

AT will announce it after the 2nd batch of private placement shares 200 millions at the price of RM 0.065 fully sold at RM 0.07..

Unless AT management have information to hide from Bursa or Security Commission authority...

Even if PGSB not willing to sell to AT, announcement must be made immediately to Bursa without further delay....

The more they delay in announcing the PGSB deal, the AT management have other plans in mind to fool the retailers money....

Questions why AT is in the hurry to issue the remaining 396 millions Private placement shares, since it has already enough money to purchase PGSB unless it has other plan to fool the retailers money and finally use all the money to buy another loss making company just like Fintec....

I heard Fintec is controlling AT management, I hope not, otherwise AT directors are all scammers...

Mr. Weirdvilante, AT management collected RM 27.92 millions from PP plus its cash reserves of RM 6.07 millions, it has RM 34 millions, if they aborted to buy PGSB, it means they will use the money to buy another loss making company shares just like buying AEM..

What I am afraid is they are enjoying the big salary earned as a CEO and Chairman of AA and AAX, after all they are one of the richest man in Asia and enjoying their luxury lifestyle and let the employees dies slowly...

It is better to cut loss and buy back when there is a white Knight or Mr. Tony and Kamaruddin willing to use their billion dividend money to salvage AA and AAX...

Rubberex management share buy back since 11th September until today and will continue until 18th October ex date for the bonus, we must monitor whether Rubberex still continue buy back when the bonus issues is listed, once it stop means they are going to dispose all the buy back shares and this will cause the ex bonus price to drop further... Beware...

Mr. Menort, the next big quantities of esos issue will have a chance for AT shares to reach at least RM 0.15 then drop back to RM 0.065.... Interesting way of pumping and dumping by AT directors...

I guess operators buying at low price is a plan for AT management quoting next batch of private placement shares at RM 0.065 and below...

That's why it is very fishy why 4 doji in a row, moreover more than 40 millions shares Q to buy at RM 0.065, only operators have the financial means to buy...

Remember Nexgram was buy up on rumours and sell down on news, it might happen to AT if the PGSB news is confirm negative....

Operators normally dump at low price first then will pump up when market lost hope just like Nexgram today...

Why counter like Nexgram can go up today and AT is coming down, I feel operator is manipulating these two counters...

So far there is no share buy back policy initiated by AT management...

My question is who is the buyers bought all the private placement shares, it is already 365 million sold so far, what is the plan the buyer will do with this big quantity of private placement shares....

Guys, there are still around 35 million private placement shares to be sold today at the price of RM 0.07, before AT management can launch the next batch of private placement shares at lower than RM 0.068... Beware...

If both of them want to hide the billions dividend money, they should relinquish their posts and enjoy their luxury lifestyle with retailers money....

Correction 2018 and 2019..

Ask Mr. Tony and Kamaruddin, as a major shareholders of AirAsia, they both have reaped the benefits of good times when AirAsia paid out a total of RM 5 billions as dividend and special dividend in 2018 and 2919, where they hide their dividend money now, they both should use it to salvage the company instead of sacking the staff
...

He is one of the richest man in Asia and yet he is shameless, he should take responsibility of the failure to run the business and should sack himself and Kamaruddin instead of sacrifice his loyal staff for his management mistakes...

The stupid debtors trust and lend him 63 billions to buy aircraft to do a honest business, instead he quietly sold all the aircrafts and pay himself and his partners billions of special dividend, now he declared he has no money to salvage his company and tried to sack the staff by putting all the blame due to exceeded staffing, he is a hypocritic and pretend to be a humble boss...

Mr. Tony F and Kamaruddin instead using their hugh billions dividend money to save AAX and AirAsia and the staff, he prefer to sack the staff and hopefully our Malaysian finance ministry will will agree to use our taxpayer's money to bail out his company and he remains the richest man in Asia, no way.....

Come to worse, I have already entered the cut loss point at RM 0.06 if the PGSB deal is a fake news...

The PP shares buying price will depends on the announcement of the deal to purchase PGSB... let the finger crossed...

Correction, only around 40 millions PP shares left to sell on Monday morning...

Other wise the 60 million remaining PP shares will be sold at RM 0.07 or lower...

Finally arranged buyers took out around 140 millions private placement shares at the price of RM 0.07, remaining 60 million will be sold at higher price if the deal is confirmed good for PGSB...

He sold all the aircrafts and lease it all back and get hugh amount of special dividend pay out, where are these dividend money now, he should use it to salvage AirAsia business..

Mr. Tony should be a responsible man to bail out Air Asia with his own billion money instead of begging outside sources to salvage his company..

Especially fake news on health care products...

At least AT management directors will be black listed and they will not tell lies or making fake news announcements...