Type of Meeting Extraordinary
Indicator Notice of Meeting
Description Notice of Postponed Extraordinary General Meeting ("EGM") and additional resolutions to be tabled at the EGM. This notice will be replaced the Notice of EGM dated 10 June 2020.
Date of Meeting 01 Jul 2020
Time 03:00 PM

be patient, once out of PN17, probably more biz to inject in, then that time might fly higher and higher

Mahu hari hari up, hari hari mau

IMF is the one daring to tell truth, unlike TRUMP, make AMERICA GREAT? WHAT SO GREAT? WORLD TOP KUNGFLU??? WAKAKA

whoever still believe economy sharp recovery is also stupid.

Mathematically it doesn't work the same.
Eg. lose of 50% in stock, you need 100% to make back similar level.
Take GDP, sharp drop -4% this year, even a recover of 4% doesnt equal, and many doesn't understand this........

Spitznagel's self-described investment strategy is focused on risk mitigation in portfolio construction, and is intended to allow his clients to take more systematic risk.[12] In general terms, he does this by owning far out-of-the-money put options on stocks. He has called “investing Übermensch” Friedrich Nietzsche’s slogan “amor fati”—or the love of one’s fate—“the secret to successful investing.”[13]

Spitznagel is dismissive of Modern Portfolio Theory, and specifically its emphasis on correlations and mean-variance (or Sharpe ratios),[12][14] and skeptic of market forecasts,[12] although, according to a New York Times article, he predicted two market routs in the past decade, first in 2000 and then in 2008,[15] as well as the “2000s commodities boom.”[4]

He has described what he does as lowering what he calls the “volatility tax” paid by investors—"the hidden tax on an investment portfolio caused by the negative compounding of large investment losses.”[16] He detailed in an investor letter how “mathematically, it is the rare big loss, not the frequent small losses, that matters most to long-run compounding,” and called the Swiss mathematician and physicist Daniel Bernoulli “Universa’s Patron Saint.”[17]

Spitznagel wrote a book in 2013 titled The Dao of Capital: Austrian Investing in a Distorted World about the Austrian School of economics and its ostensible application to investing.[18] Paul Tudor Jones said of Spitznagel's book that it “shows how a seemingly difficult immediate loss becomes an advantageous intermediate step for greater future gain, and thus why we must become ‘patient now and strategically impatient later

Spitznagel is also unconcerned about the Fed’s save-the-market-and-economy at all costs approach, given that it has already pumped $6 trillion of dollars into a host of different securities markets.

Says Spitznagel with the cocky assuredness of poker pro,“There is a limit to sovereign debt and there is a limit to central bank balance sheets... When I thank the central bankers of the world for my business, I’m not kidding.”

Universa returned 115% in 2008 and Spitznagel used proceeds from his coup to buy a Bel-Air mansion from singer Jennifer Lopez a block from the home of his hero Ronald Reagan. Five years later, Spitznagel published The Dao of Capital, a dense 368-page libertarian economic treatise that lambasted central banks for the crisis. Unlike most bears who try to time bubbles, Spitznagel’s playbook is different. No matter the circumstance, he’s always giving away free pennies to the market in order to maintain an arsenal of bearish bets that could be worth thousands of times their cost if markets go haywire.

Universa’s flagship “Black Swan Protection Protocol” fund earned its near two dozen institutional investors a staggering 3,612% in March, putting its 2020 gains at 4,144%. From his remote farm, on April 7, Spitznagel fires off an update to his investors that is soon read worldwide. “These returns likely surpass any other investment that you can think of over the period you have been invested with us,” he crowed. “Kudos to you for such a sound “tactical” allocation to Universa.”

Take March, a month in which the S&P 500 Index cratered nearly 30% at its lows, shedding trillions in market value. Spitznagel had bought puts—or the right to sell the index at a specified price—well below the prevailing market price, and the firm had its best month ever.

Until one day–maybe only every five or ten years–a black swan appears, terrorists ram jets into skyscrapers or a global pandemic freezes the global economy. Then the tables turn hard and Spitznagel makes an enormous amount of money, more than enough to make up for all those many days of small losses. And those caught feeding on Spitznagel’s bait find themselves trapped in a trade that carries almost unfathomable losses. Sometimes they’re wiped out entirely.

Spitznagel’s $4.3 billion (assets) firm Universa Investments and his team of about a dozen PhD’s, mathematicians and trading experts earn their money by making trades that nearly always lose small sums–but very rarely generate astronomical payouts. Universa buys short-term options contracts that protect against a spike in volatility, or a plunge in markets, which are highly “convex" and “out-of-the money." In plain English that means it would take a sudden, major crash for the trades to pay off. Every trading day, investors around the world make a little easy money by selling Spitznagel options.

LOSERS in HWGB diam diam like cowards

look at the website, so COOL
https://www.universa.net/index.html

https://www.universa.net/index.html

apa news coming, so many conversion

computers+algo makes all investors out of job soon!

LONG Gold!

its mathematics, just like another big hedgefund

you read from their websites, started at only $1K in own house. Their skills is in MATH, ALGO!

CALLING ALL LOSERS OF HWGB! HAHA

V shape recovery for stock, BUT L-SHAPE seems for Economy. TOTALLY disintegrated

ALL below 30s and making daily USD1 billion frequency tradings. MIT outsmart the street

“We are doing on average $1 billion of daily transactions,” says Lin, a co-founder of Domeyard. “It’s a high frequency trading strategy that is signal based.”

https://www.forbes.com/sites/nathanvardi/2017/09/06/the-three-quants-in-their-20s-running-a-hedge-fund-making-1-billion-of-trades-daily/#379908b2886a

https://hbr.org/search?term=215036

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you guys losers, cant even defend 0.50...poor

Just days before the March 23 bottom, Ramsey cautioned clients that it was “too early” to expect a major bear market trough, as a phase would come when stocks and economic data fell in tandem. A study by the firm showed that on average, over 11 past recessions, stocks didn’t start to recover until 1 1/2 years after the economy started contracting. Little did he know that on March 23 the Fed would toss all the playbooks, and go so far as to break the law by creating a SPV in collaboration with the Treasury that would allow it to buy corporate bonds... a similar approach that will soon give it the ability to buy stocks after the next crash.

It wasn't just Leuthold: Barclays strategists mapped out a scenario where an extended recession could lead to a 50% peak-to-trough selloff. The farthest the S&P 500 ever fell was 34%. Goldman was expecting a second wave of selling to push the S&P below 2,000. Northern Trust Wealth Management pointed out that it typically takes about 1 1/2 years to recover from a 20% drop. Instead, the S&P 500 rose 40% in 50 days, the fastest rebound in nine decades. Anyone who tried to use 2008 as a road-map was badly burned.

ALL technical analysis failed

ut what may be the single most beneficial aspect of the recent Fed-fueled ramp which saw the central bank inject or backstop nearly $8 trillion (and counting), is that technical analysis has finally been thrown out of the window, and "by now, everyone’s aware there’s no moment of the past that can be used as a template to tell which way stocks will lurch next."

i heard losers 6222 sell and runaway liao. Typical loser. kan ni lao bu jb

Only 2,3 weeks outbreak already earned 100% more from ethanol, will it be 200%to 300% in next quarter coming.. Tht is encouraging

Congrats, venfx bro

STOCK PRICE MACAM PONDAN

PONDAN STOCK

CANT WAIT TO SEE WHO buy 30% shares, 300milx 0.05 also =15mil. Who so dare satu kali hoot 15mil to 20mil bagi XOX spent

KESIAN TSH KENA CURSED by you all. Later he up i go share with him this forum. hehe, LOSERS MENTALITY

thts why, this world many losers than winners. Their mentality is LOSERS MENTALITY

For the purpose of determining members’ eligibility to attend this meeting, only members whose names
appear in the Record of Depositors as at 18 June 2020 shall be entitled to attend this meeting or appoint
proxy(ies) to attend and/or vote on his/her behalf

BUY TICKET watch show liao loh

GAME STARTS

https://cdn1.i3investor.com/my/files/dfgs88n/2020/06/09/1514207046-1624788412.pdf

yeah, ex CEO steal money. the FM wanna sapu all rubbish out, get it listed to cash out. So probably of listing it is super high

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