RJ87

RJ87 | Joined since 2016-05-05

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Stock

2022-02-07 14:32 | Report Abuse

600K shares at 79.5sen. someone is pushingg dy.

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2022-02-07 11:35 | Report Abuse

In your own words, corporate exercise that deliberately benefits insiders at the expense of shareholders. You recommend counter like these?

However, u r right about " If we cant beat the syndicate, we can join them to swim along with them."

Swimming with the shark is exciting. If they spot you, u might end up the food. I wouldn't recommend this for everyone. =D

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PatienceCounts The syndicate is in control of new shares issuance. The main cause of the plunging price in announcement date is the methodology of computing the new exercise price of the PA, lowering it from 20c to 14c to benefit the insiders who r holding a big chunk of the PA. It takes 2 to tango, the insiders manipulate the PA exercise price n u failed to explain the true picture here on the true cause of the plunging price. 2 wrongs wont make a right to enlighten the ignorant minor shareholders.

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2022-02-07 11:07 | Report Abuse

if this week can make new support at 80sen. 2 weeks before QR will break new high.

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2022-02-07 11:05 | Report Abuse

eat 200K shares at 78sen in one go. Who that?

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2022-02-07 11:02 | Report Abuse

and they will start cancelling their block making price soar to the moon so much easier.

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2022-02-07 11:00 | Report Abuse

impatient buyer just hoot9e making whoever setting the block to lose even more shares.

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2022-02-07 10:57 | Report Abuse

Dunno who are these 100 shares, 300, 400shares and 900 shares queue.

small kaki trying to support the price.

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2022-02-07 10:50 | Report Abuse

didn't collect enough, hv to set block and wait for impatient ppl to sell to eat at 1 bid lower.
in the end of the day, it's about entering at cheap price.

Once they collect enough, they won't block anymore. They will pushhhh.

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2022-02-05 13:51 | Report Abuse

Then see if the decision made is for the better. If the plan is to buy Aston Martin, then it won't get better. The question becomes who wants to sponsor Fatty Liew's Aston Martin.

maybe neonstrife gets Proton X70. Weird thing is, line gets nothing. =D

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line Neonstrife, stop repeating your mistake. Lets contribute something for the betterment of others. Arbb has failed Many. Let the bosses work harder and improve the situation.
05/02/2022 1:44 PM

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2022-02-03 21:43 | Report Abuse

ARBB buy Aston Martin and park under PPE is fully to compliant to MFRS and SC guidelines.
There is nothing SC can do about it.

I tot he was a lecturer teaching CG or smtg. Now, he is something else. I wonder what next. =D
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Who am I: Using Biotech technology of >20 years track record registered in Doctors Reference Book, USA, providing health solutions (Hypertension, Diabetes , chronic diseases) to CUT PAIN and CUT COSTS
W-ap ps : Zero 1 zero 22 Five 41 two eight.

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2022-02-03 15:52 | Report Abuse

Across whole plantation sector. U think big brother got enough shares to block?

I think retailers aren't looking at Plantation. Need Joey Yap to recommend Plantation.

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2022-02-03 01:10 | Report Abuse

It worked very well first time. Cos there were more st*pid people. That time I can only say MoU are fake. ARBB got no resource to deliver project that scale. But ofcos, many years later. All being cancelled. They made one round of money already with their corporate exercise with that bunch of fake mou. Ofcos they don't call it fake. They call it mutually cancelled. But a bunch s*hai subscribed.

This time same move. Different project name only. Last time was "Project MOUsssss", this time "project HIDROPHONY". Why Hidro-phony? Hidro is because its year of water tiger. Phony is scam job.

Nvm, I excited to see how many kena subscribe. If lucrative enough, I might run a scam myself.
After all, there are so many people that like to burn cash. Might as well put into my pocket.

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line RJ87, the Boss did a mistake this time. He wanted to con But he got conned.... hehe... subscription barely 10% I think.... never mind he got money. He can Buy at expensive price n sell at cheaper price
01/02/2022 9:52 PM

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2022-02-03 00:54 | Report Abuse

con-lan-7-firm not same. U can check comment history.

I nvr do st*pid like trying to save people. I just make fun of st*pid people doing weird st*pid decision only.

When relatives talk boring sh*t, mar come drop few comments lo.
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neonstrife Most probably this two account is same people
01/02/2022 12:45 PM

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2022-02-01 12:26 | Report Abuse

Who knows I one day go work for Fatty Liew, actually develop something with RM27.5K instead of RM275K and sell it for RM275K. When it goes up to RM1, u still think it's good karma?

Don't be so sure. All u can do is lay down what you believe it's true.

What I hv expressed here is solely my opinion based on my findings. You may or may not disagree.

I talk like as if it's a scam. U talk like u r so sure it's a scam. Things can change. Who knows bossfanku will join u one day.

Really brother, you misunderstood karma. Everyone is responsible of their own karma. if they screw up, it's not urs to bear. Buddha will understand. Beside, only way to learn is by getting burned.

TO DIE AND RISE AGAIN! There's wisdom in that statement.
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line RJ87 it’s my duty .... when u are of my age, u will realise what is to do as much good karmas as possible
31/01/2022 11:06 AM

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2022-01-31 02:57 | Report Abuse

No wonder u so busy… the world no short of ignorant people…

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line It’s a duty of the wise to explain the truth to the ignorant.
29/01/2022 10:33 PM

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2022-01-28 18:47 | Report Abuse

I’m imagining ur face when u open up ARBB iot box and see all the same stuff inside. And u paid RM275k for it.

Just because it’s a plastic box doesn’t mean fatty Liew won’t make u pay for it.

I’m here asking why are u guys paying for it.
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bosskufanboy RJ87, you comparing a small plastic box project cost with greenhouse cost??
28/01/2022 2:32 PM

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2022-01-28 11:53 | Report Abuse

Nah...ur school project literally. And do you happen to know much it cost for that setup? =D

https://create.arduino.cc/projecthub/electronicprojects/smart-farming-using-iot-da26a7?ref=part&ref_id=8233&offset=44
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biscuitboy96 School project..... here our full time joker making some funny thing in the counter again.
28/01/2022 9:19 AM

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2022-01-28 11:42 | Report Abuse

I think you are wearing your "bullsh*t" cap. The one that says out of 10 times. 9 times loses money don't tell anyone. 1 time make money, riuh sekampung.

With "bullsh*t" cap, say what also can one. That's why we stick to stuff that we can verify like financial statements. Not to say financial statement can't be "bullsh*t"; Fatty Liew got balls to put the beer he buys for NoEmo in investing cash, technically it's not wrong. It's just at least we have a good laugh.

If you are on your "thinking" cap. You would have known in equity market, most of the time is zero sum game. If a company isn't doing "honest' business to grow the company, for Fatty Liew to make money, someone else has to lose money. Fatty Liew is in control YOU ARE NOT.

Just incase you believe, go ask those entered above 30sen. If indeed true that you have that 1 time make money like I did. We are just lucky. It's not opportunity but just purely lucky.

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NoEmo RJ, put on your thinking cap if u r not an opportunist in equity investment. Tell me how many types of investors u know of in the equity investment world. Only long term investor?
28/01/2022 11:19 AM

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2022-01-28 11:26 | Report Abuse

MFRS allows accrued accounting. Result is we get Serba Dinamik and Transmile.

All these monkey shows rooted from classification of trade receivables/payable. Fatty Liew go buy his cronies beer also can put as trade receivables. In the book, it says NoEmo owes him money. 6 quarters later, it will written off as bad debt. In between, we have neonstrife cheering "woohooo, increase trade receivables! net trade receivables > net payable".

U go see what happen to SD and SCIB. Same trick. What makes this trick a double whammy to investors. The beer that Fatty Liew paid has already expensed in cash flow statement and it's gone. But the money in trade receivables dunno when can collect. When it's written off, it's gone too. =D

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2022-01-28 11:17 | Report Abuse

If its get bloodied even further. The PE drops lower.

This dumb people here. Don't even know how to see PE. PE drop because of increase in income. (real income ya, not those nobody seems to know where it comes from) then it's good news. But PE drop because price drop. It's bad news.

Just in case our all wiser "marcus" refuse to answer my earlier question on where large bulk or ARBB profit come from; let me help him.

"The higher PBT was mainly due to the negative goodwill of RM33.9 million arised from acquisition of subsidiaries."

It's in page 11. Read the whole damm thing. These stuff if ARB can hide. They will. But this is the least SC can do. Put MFRS and force them to put in black white for investor to read. And if you don't read and understand, whose fault is it that you lose money?

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=216163&name=EA_FR_ATTACHMENTS

When u buy a subsidiary, and then u can make money. Strange right? These negative goodwill can buy bread one ar?

That's what I call cooking the book "baik punya". Buy 10 more. Profit RM300m liao lo. Woahhhh, NoEmo mar huat liao loooo.

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2022-01-28 11:03 | Report Abuse

Ur bloodied portfolio as ang pow. Really ang ang got la.

If you hold since 3 years ago, it's probably the only counter in the loss. =D
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NoEmo Line, r u really helping those who wanted to buy at 12 to 13c now? I hv been receiving belated big ang pow from Fatty Liew in the month of Feb for past 3 years. Why do u think the generous boss will discontinue his generosity this year?
28/01/2022 10:57 AM

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2022-01-27 12:41 | Report Abuse

Which is damm strange. Why 13sen. if 26sen still ok mar. Since no difference if nobody subscribe at 26sen or 13sen. If u put 26sen, the existing shareholder no so pain. Might actually subscribe.

But if you put 13sen. Those who hold at 26sen pain like sh*t liao. You still expect to pour more money? I think 26sen will hv better chance and 13 sen.

line Substantial shareholders has lost confidence due to cheap RI. Desperate
27/01/2022 9:20 AM

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2022-01-27 09:17 | Report Abuse

No la…drop 13sen is because the RI…

Just domy know why RI at 13sen…

I guess it’s only the magician knows what’s going on…

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2022-01-26 19:09 | Report Abuse

Read these. 2006 exposed. Now is 2022 already and the CEO is still enjoying his freedom.

https://www.theedgemarkets.com/article/sc-high-court-has-increased-jail-sentence-former-transmile-ceo-gan-boon-aun-24-months-one

You see, companies like Transmile and Serba Dinamik are large cap high profile case. You have EPF, you have PNB and you have TM and etc. They have to do their work or foreign investor will pull out.

That's why SC take the trouble to do their work. If they are catch all these chicken sh*t (market cap less than 100M company). They will be very busy. Damm blardy difficult to prove a deceit. This is the window of opportunity. You just need some balls and throw away your conscience. Work within what's allow in MFRS. Left pocket to right pocket isn't a crime. It's upto you to spot it and stay away. You know where Elizebeth was caught with intent to DECEIT? The damm Pfizer logo she put in her report.

Even ponzi scheme with fine prints that victim signs is to protect them in the eye of law.
In this case, ARBB shareholder happily give money to this CEO for his "revolutionary IOT driven" project, it's not scam even if he buys Aston Martin for each of his children to drive to each of the 250 farms. That's not a scam. It is for the project. Later he comes tell you that it's his "strategic" asset growth plan to pay less tax by depreciating those Aston Martin.

Are you gonna scrutinize why a DHT11 sensor that cost USD2 becomes USD200 or USD3 ESP32 controller becomes USD3000. You are better off investing in Espressif Systems's just like how I encourage people to invest in Bitmain instead of Bitcoin.

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2022-01-26 18:44 | Report Abuse

line...why are you following his game? To make comparison between Alibaba and Arbb is a joke.

The way I see how the company is run, it's more like Theranos with ARBB. Nobody seems to know what neither do. Both of them keep going around to raise more fund. Both funny funny corporate exercise. Both has "revolutionary" technology. Both account have "money" that appear out of nowhere.

Theranos bubble was poked in 2016. It eventually burst in 2019. The CEO won't start sentence until late Sept 2022. In between, a DAMMM GOOOD LIFE with all u shareholders money. =D

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2022-01-26 18:33 | Report Abuse

That company can use money to throw die ppl one. No joke.
It's just their debts is crazy high too.

brianklc 400m+ is small change to YTLP if u look at its cash holdings
26/01/2022 2:24 PM

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2022-01-25 18:20 | Report Abuse

aiks Calvin, u sold Bplant?

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2022-01-25 17:16 | Report Abuse

Everyday u can see last minute press one.

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2022-01-25 15:32 | Report Abuse

We wait after 4.30pm. Then we know.

Why? Need to ask permission from boss how much to throw? =D

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2022-01-25 11:23 | Report Abuse

This guy try to sound smart by "a super majority of investors"

https://klse.i3investor.com/blogs/sss/2021-12-28-story-h1596434111-Friendly_Handshake_with_Shareholders_ARB_Berhad_7181.jsp

but u see the numbers
22 voted FOR with 84M shares.
9 voted AGAINST with only 1.5M shares.

if you asked me, it's super-rigged AGM.

No need see lo. 22 fella that owns 84M shares are insiders. Retailers only got 9 fellas with 1.5M shares. Retailers say what also no use.

"we see for ARB, the software nature of the company had lacked clarity and coupled with malicious intent from some parties"

Woahhh...as if naysayers are to be blamed for ARB sh#tty price. Eh, instead of RI, u give bonus issue and dividend and see. I also come buy ARB la. I bet when neonstrife kena scam, ARB probably blame neonstrife for failing to put better defense from line.

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2022-01-25 11:09 | Report Abuse

U using this term "value investing" here is an insult.

If you are value investing; can you please explain to us where most of ARB's 2021 PAT comes from? Selling IOT? ERP? Although Income Statement is probably most useless for value investor. There is a big red flag and yet you fail to see it. Haven't get into Balance Sheet and Cash Flow statement.

It's like Charlie Munger and W.B making fun of BIG 4 analyst using EBITDA as indicator of company progress. C.M and W.B asked "Why are they talking as if the company no need pay ITDA and what's the point owning this business if nothing left after ITDA?"

Eh since you guys so good. Why not I write you "I OWE YOU" note. You gimme ur real cash. Who knows u can find another guy to buy this "I OWE YOU" note at twice the price. First, who writes this "I OWE YOU" note matters. Second, credible people don't write "I OWE YOU" note.

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2022-01-24 19:01 | Report Abuse

I think this buying/selling pattern will go on until end of this week.
One party pressing the price down start at 11am. And the other fella pushing the price up after 4.30pm.

Who is interested to catch 3% return per day?

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2022-01-23 16:27 | Report Abuse

9/10 out of the ppl who appeared for the AGM mar become 90% dy lo.

Do u know what it cost EPF to boot “somebody” out at sapura? They hv to personally write to each shareholders to appear and vote against that somebody.

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2022-01-23 12:02 | Report Abuse

I think line is gonna lose this bet. It’s gonna be close 100% subscription. The question is who?

If CEO himself. He gets to spend his own money while owning more of the company. If got sorzai participate, he gets to spend peoples money.

Either way. CEO wins.

Fair bet will be, how many % subscribed by public. Less than or more than 50% subscribed by public.

If hoot9eonly still can’t tell it’s quite obvious I’m a different person. He must be be quite sorzai.

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2022-01-22 19:48 | Report Abuse

One a serious note. Have a good read before you guys decide to invest.
But if u guys are gambling...then feel free to join "go go" band la.


https://klse.i3investor.com/blogs/The1994Investor/2021-05-14-story-h1565061436-ARB_Berhad_Not_As_Good_As_It_Seems_Be_Cautious.jsp

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2022-01-22 02:21 | Report Abuse

Literally pulling rabbit out of a hat. And we have people like neonstrife, bossfanku and marcus cheering for a great show. I wouldn't mind giving a big round of applause. Except, u guys know its a magic show right?

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2022-01-22 02:16 | Report Abuse

U guys wanna see magic show? You go see ARBB’s total asset in 2018 until 2021.

From RM25M in 2018 to WHOPPING RM415M latest quarter. U know what marcus, it’s literally magic man. It’s like chipmore except it’s the other way round. Chipsmore is now you see, now don’t. For ARBB, just now you don’t, now you see. Real magic.

Looking at how Serba goes down. The real magician these days are accountants that makes Shin Lim look like amateurs.

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2022-01-22 01:25 | Report Abuse

Neonstrife, can you share something that relates to ARBB and their business. You like melalak different direction without checking if it’s relevant to ARBB.

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2022-01-21 09:53 | Report Abuse

this neonstrife is like those selling gold scam. Don't want to talk about the scam. But spend time talking about how gold is used to hold value, hedging against inflation.

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2022-01-20 17:24 | Report Abuse

U take profit during previous spike still call urself "long term" holder.
Do u even know what "long Term means"?

bosskufanboy I believe some of us here manage to take profit during previous spike, why are you being bias by saying all long term holder are in losses?
20/01/2022 2:44 PM

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2022-01-20 15:25 | Report Abuse

Can someone share me a link to their product page for their wemeet, pacio accounting, cosec and hydroponic project ar? There isn't any info on their product and services. Not even on their portal. Anyone used their services before can shed some light on what is this about?

Only news on anything from ARB on their product is from NST. This is what I mean by nobody seems to know what they do.

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2022-01-20 12:27 | Report Abuse

neonstrife, u got subscribe or u selling the rights?

Rights 13.5sen. market selling 10-12sen. U looking for sorzai to buy from you is it?

If u stuck because of your ignorance, then don't la ajak people come sorzai together with you.

Too many examples of company doing fancy corporate exercise to raise fund for hot air project that ends up 1-2sen. The list is very long. The moves are the same. Last round was gloves lo. RI here and RI there to do gloves. See where they are. AT System? Fintec? and bla bla bla. Same story. Only thing u can do is cut ur losses and stay away.

Which scammer will come say "we are the same like all other scammers"? Ofcos they claim they are different. But you loook the moves. EXACTLY the same and yet some dum dum will come say it's different.

U wanna buy. Buy company that has the cashflow to invest with internally generated fund la. And when price tank like sh*t, they hv the cash to do share buy back. There are things scam counter will never do.

ARBB, Profit for last 8 QR. (12.79+6.84+8.48+8.40+19.74m + 6.83m + 16.28m + 33.59)= RM112.05M profit in last 2 years. Current cash position is RM35m. After 2 years, Total Equity increase by measly 10% when profit alone 35-40% of it's total market cap. Yet, "seasoned","experienced" investor like marcus don't smell rat. Either he is inexperienced or he is part of the scam la. But he is honest enough to say he has interest in the warrant. I wonder what this neonstrife has. =D

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2022-01-19 21:17 | Report Abuse

Need go ask Tan Tong Lang why when ARBB changed their name, this Larry guy only have 8%.
And now out of the blue, all it cost him is RM6M to increase to 15.6%.

If there is anything worth to be patented at all, that would be some fancy sensors or some fancy fertilizer concoction. You can't exactly patent, "using sensors for the purpose to grow vege" can you? Or using CO2 with LED to double vege's growth. Or try to patent a process of "A man injecting his manly juice in fertile female genitalia will create life". The process is called "f/u/c/k/ing" and I don't think anybody will try to patent that nor any natural process is patentable.

I'm getting little confuse with what do ARBB actually selling? 200 greenhouse? They are selling IOT Farming technology or selling vege? Why RM55m for 200 greenhouse. Arbb probably need only 20 greenhouses to show that the "IOT" is great for farming with high yield. If that's true at all.

ur PE15 on what EPS? this kinda dilution. If annualised EPS 1sen. PE15 only give u 15sen. Where u get ur 67.5sen from? Please do enlighten what kinda of EPS you are using as extrapolation and quantum for ur PEG forecast? 50m a quarter? RM200m per year. And as of now, I don't even blardy know what's ARB selling. Vege or IOT? =D

When you see this kinda quarter report and nobody seems to know what the hell they are selling? They will very soon get into trouble with auditors. But ofcos before they get into trouble, there was a greattttt run before everything crash. The question for a scam counter; the question isn't IF, the question is always WHEN. I call this counter scam, I bought 30+sen and sold 40+ sen with weird corporate exercise. I believe this counter has a 2nd leg. Because at this point, what ever the CEO is doing, he isn't making money yet. But he soon will. Once the RI is over, I believe there will be a selldown. All counters including legit one after RI also hv a selldown. This time, with more outstanding shares, I don't think whoever manipulating the price will hv a pocket deep enough to support the price. Maybe I can get cheaper ticket then. Perhaps, if u want to top up. You can top up then. No one really see a scam until they unfolds. But entering cheap enough will greatly reduce ur risk.

Appendix.

Scam counter (QR 2020)
=============
Quarter Revenue Profit
====== ======= ======
Q4,20 185.60m 30.40m
Q3,20 183.73m 12.43m
Q2,20 94.91m 5.07m
Q1,20 51.78m 4.28m

to be become (2021)
=============
Quarter Revenue Profit
====== ======= ======
QX, XX 26.49m -2.70m
Q2,21 61.53m -19.55m
Q1,21 175.28m 12.20m

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Peg PE & Share prices
11 x = 67.5 sen
15 x = 92 sen
21 x = 129 sen
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Larry’s Total Shares double to 102mil which increases his voting rights to 15.6%

He becomes largest shareholder and thus have stronger managerial control
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Verdict: He wins and so does ARBB in that the Revenue and profit growth accelerates which translates to higher share price. Target at Post RI PE Ration at 3 x, it should be 15 x , thus the shares should be fairly valued at 67.5sen. , a 500% increase.

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2022-01-19 11:41 | Report Abuse

GOT. PE less than 2. Fintec. The quarter they report 720M profit.

ARBB only need 4(FOUR) guys to make up this 85.2million shares for 98.2%.

If there is something worth checking; that would be who is the one getting the project to setup 275K per greenhouse. If Larry is not dumb, it won't be Prinsiptek. Technically, it's not Prinsiptek since it's Ageson now. Good chance that's also where ARBB gets his RM23M cash from.

You are right on the take up rate.

But if you see the combo of corporate exercise since 2018. It appears to be that each corporate exercise is to use retailers money to own the company for free. Like you know, this Larry is paid to dilute the shares. To raise RM120M for him to spend and he decides on how to spend them. It makes no sense to RI at 13sen. Unless, he wants to take up all for himself. =D

ur Implication B is inaccurate. RI at 13.5sen means if I can buy RI 13.5sen, why should anybody buy anything above it? The question is, WHY RI at 13sen devaluing the company by more than half is more pressing. RI at 26sen with half the proposed shares can get him his RM120M. Why not 26sen? Especially, according to you, they hv good business running behind. So good, RI at 30sen also ppl sapu la. Now, where is the problem?

Its not something Larry doesn't know. What's not known is why he did it? Why do you think he did it is a better discussion. Everything has a cover story and the truth behind it. What you have shared and discussed so far are only cover story. What's more important is the truth.

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MarcusBioTech For the Benefit of Transparency and clarification,

The Rights Issue (RI) was approved based on the TOTAL VOTES of 85.2million comprising of 31 individual shareholders. This is 8% of ENTIRE Shareholding votes or 1.075 BILLION Shares.

Of these 85.2 million vote shares:

98.2% / 83.69million voted FOR RI
1.8% / 1.52mil voted AGAINST the RI

What are the possible implications?

Implication A:
98.2% is very strong sample that majority of ARBB shareholders want the RI to go ahead and fund the innovative Hydroponics Project

Implication B:
there are SILENT MAJORITY or 92% of entire shareholders who didn’t participate but are against it as reflected by the Share sell down from 30sen to now 13.5sen.

We will know the outcome when we see how many Percent of RI are subscribed.

INVESTOR Choices
CHOICE 1. invest in stock with insane PE Ratio of LESS THAN 2. I have never seen this in my 30 years investment in Stock Exchange.

I attended the last 2020 AGM ARBB and understand that Larry Liew has new projects and new patents pending approval in Q2 2022. This is extremely exciting. Reflect another Patent - R&D centric firm UCHITEC on coffee maker semi conductor chips. their stocks + dividend are 5-baggers (+500%) over about 15 years. One can expect ARBB to go up much faster because of its valuation.

CHOICE 2. you can wait for 12 months and see how the Hydroponics project progress. Expect high initial set up costs and thus subdued profits.

Don’t forget that ARBB has other ongoing profitable projects and with Cash >23million for working capital while the RI are for Hydroponics Project. Note that ARBB cannot use the fund for purposes other than what it told Bursa Malaysia Commission. to change it, they need AGM to amend the resolution.

MY OPINON
As businessman myself, we should be shrewd. I would have preferred CEO Larry Liew to invest in phases. Try with 10 Greenhouses and plow back the profits to build the next 15 Greenhouses until you reach 50. But if he is making right business risk, this will take off in large way as it solves the labour shortages in agriculture sector.

Disclosure: I have interests in ARBB WA.

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2022-01-14 15:46 | Report Abuse

Well, it depends. I made money from Fintec.

Like all scam, identify the opportunity. Know when to enter and exit is the key.

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2022-01-14 15:31 | Report Abuse

My advise is learn to read the 3 financial statements.

Until u learn to understand that PnL statement is the most useless of all 3, then u will know ARBB is full of sh#t.

As for why the drop, then go study what's value paradox.

Few good question to ask.
1) Why RI 12sen when the stocks was trading at 28-30sen. If really want to raise fund; wouldn't it makes more sense to RI at 25sen. Can raise 2X funds of whatever hot air project.
2) Who suffer more from this massive dilution? Insider or general public?
3) Extra RM120m that nobody seems to know what is it for? Good chance is whoever that's pumping ARBB's cash flow statement is asking their money back.

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line For a counter to drop from 40 cents means large shareholders sold the Stock. Why these large shareholders sold it? Think.... past profit doesnt guarantee the future.
14/01/2022 1:46 PM

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line RJ87 are u trying to imply that arbb is not really looking good, as no one with good sense would invest in it?
14/01/2022 1:48 PM

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2022-01-14 13:44 | Report Abuse

This is minor concern la. Look at SD, PNB, EPF and a bunch international investor. All also kena con la.

https://malaysiastock.biz/Company-Announcement.aspx?id=1314403

Credit Suisse from Switzerland, credible enough? Still participated in the con la.
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line Jazmaster, must be reputable international investors. Like blackrock etc. None of reputable international investors even look at arbb. The one who look, are those who see past record without knowing the potential.
14/01/2022 1:35 PM

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2022-01-14 13:33 | Report Abuse

RI with billions of shares on hot air project. *shakehead
Final move will be ESOS until become 1.5sen like Fintec.

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2022-01-14 13:30 | Report Abuse

Keyboard warrior or not doesn't change the fact the corporate exercise resembles scam tactic by fintec, focus dynamics and the gang.

The difference is in past, many got scammed by fintec and the gang is because they don't know.
And now here in ARBB which is really strange; despite being exposed of the scam tactics; many still buy in.

That reminds me of JJPTR expo last time in Penang when plenty of people taking banner exposing JJPTR's scam and demanding their money back; a bunch of I/D/I/O/T still buy in. What a life mystery.

See the resemblance? When ppl say JJPTR is a scam. JJPTR promoter says they are different. Where is JJPTR now? When ppl say Fintec is a scam then, Fintec/Focus Dynamic promotor says they are different. Where is Fintec/Focus Dynamic now? Now, when ppl say ARBB is a scam, ARBB promoter says they are different. Look left look right, pattern definitely the same, dunno where different.

p.s. There is nothing to be scared of different opinion. No need report here report there.

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2022-01-14 11:24 | Report Abuse

That's what they always say...Sold warrant very little only...

but they do take the trouble to press the price to make sure they pay back less...