It would appear that for today IDSS must cover position at 4.45pm. Sold short 5.02 million shares @ < than RM0.295 so later must buy back @ RM0.30.

Take a good look at Tiger Synergy current share price & you will get your answer.

Lets hope the situation is not the case of out of the frying pan into the fire as looking at Tiger Synergy Berhad news, share price & financials, they are not doing too well either.

Now RM0.225.

Anyone got insight on the proceedings of the EGM pls share.
29/05/2019 4:06 PM

Roller coaster now going down.

1st thing must check is whether or not the company got advance money to any of the directors.

One buyer for 140M & mutiple sellers for 140M. Cross over sales I think. Privatisation looming?

Will the directors turn up for tmrw EGM?

So tmrw EGM on? Can anyone advise?

Why no announcement on status of EGM? Court decision not in someone's favour? Co. PN17 announce so fast.

Today someone throw > than 140 million shares @ RM1.24. Don't know who?

The Elephant's SH getting smaller everyday (from 6.77% to 6.12%). If Elephant did trading, their SH would not have changed much. This Idiot may further target to sell down their SH to 5% at a loss (Contributors'money anyway not Elephant's money).

Reference is made to the Company's announcement dated 21 May 2019 and 24 May 2019, in respect of the Originating Summons ("OS 268") filed by the Company against Dato’ Tan Wei Lian, Datin Sek Chian Nee, Jeannie Ooi Chin Nee, Dato’ Chan Chee Hong, Low Swee Foong, Liu Zhen and Ong Eng Teik (“DTWL & 6 Others”) in respect of the Notice of Extraordinary General Meeting ("EGM") and Notice of Intention both dated 30 April 2019.

The Company wishes to inform that the originating summons and the Company's application for injunction were heard this morning (27 May 2019 at 9.00 am) before YA Tuan Ong Chee Kwan. The Court had reserved its decision to 28 May 2019 at 2.30pm.

This announcement is dated 27 May 2019.

Tmrw EGM on or off. Court to decide today at 2.30pm. Looking at the share price retreating most likely tmrw EGM off.

The idiot truly invests like an Elephant.

Some more buy high sell low. Whether lose money or not by doing so, only an idiot will not know.

The idiot dumped again another 3.0 million shares on 21 May 2019.

Elephant making the situation worst.

The idiot did stupid things again by dumping another 8 million shares on 16 May 2019.

The disposer throw at a loss or got discount???

Who throw still don't want to reveal. Delay announcement. CCB.

Anyone wanna guess which idiot dumped another 8.95 million shares around 15 May 2019?

I agree with Eat Coconut Can Win. You immediately know a con man when you see one.

If indeed QLC is/was one of the cornerstone investors then likely game over. If history was to repeat itself, pls read up on Multi Sports Holdings Berhad IPO where QLC was one of the major cornerstone investors. IPO @ RM0.85 now @RM0.01. It seems that QLC was allocated shares at a discount i.e. less than RM0.85. QLC sold his shares below RM0.85 almost immediately after listing. The stock price never recovered ever since. Now @ RM0.01.

If I may ask, who is Leng Chan & Ma Yu?

Very fishy for the cornerstone investors to subscribe at RM1.10 & later throw at RM1.03. Do you think any form of discount had been accorded?

Maybe today or Wednesday announcement we will know the phok kai doing the disposing.

Stock IPO price probably overvalued. This notwithstanding no one forced the cornerstone investors to subscribed at RM1.10. However for them to subscribed at RM1.10 and immediately dumped at RM1.04, one would assumed that some form of discount had been formulated. We will know soon enough.

Elephant Panda Fox throwing again at low price, the shares they bought at high price. Shake head 3 times.

CONCORDANT INVESTMENTS PTE LTD
AFFINITY ASIA PACIFIC FUND IV (NO.2) L.P.
CLARINDEN INVESTMENTS PTE LTD

Combined Allocation 290,637,500 shares

Highly likely dumping was made by the above parties on listing 1st & 2nd day. We await next week announcement for confirmation.

CONCORDANT INVESTMENTS PTE LTD
AFFINITY ASIA PACIFIC FUND IV (NO.2) L.P.
CLARINDEN INVESTMENTS PTE LTD

Combined Allocation 290,637,500 shares

Highly likely dumping was made by the above parties on listing 1st & 2nd day. We await next week announcement for confirmation.

I would not discount the possibility of some creditors having being allocated shares via debt swap are currently cashing out.

Reminds me of Multi Sports Holdings Sdn. Bhd. IPO where it enabled a pre-IPO investor (Hong Leong group of companies) to cash out by dumping shares below IPO price. IPO price @ RM 0.85. Today @ RM 0.01 also people don't want to buy. A lot of minority IPO shareholders got burnt leaving only ashes.

Now just hit @ RM 1.09 below IPO price ........ what a joke of an IPO.

Must be very desperate for money to sell at IPO price @ RM 1.10. Other company's major shareholders would have provided support instead of cashing out.

If moratorium period applies then who have so many shares i.e. 100 million shares to dump from RM 1.13 to RM 1.11. No intraday short selling allowed some more.

Any possibility of some cornerstone investors being allocated shares at a discount below RM 1.10? Anyone can advise if they know.

I think noon session drop below RM 1.10.

No joke man someone dumping @ RM 1.13 non-stop. Announcement date then we shall know who.

Never ending supply @ RM 1.13. Today highly sure end below RM 1.10 as someone is carrying out lelong sales.

Who got so many shares to sell @ RM 1.13 just to make only 3 cents?

From what source can the minority shareholders inspect whether there are any substantial debts/monies owing by the directors to the company? We must not discount the irony of such a debt subsisting & the sum are adequate to cover the loan defaults.

Elephant, panda & fox if not caught & caged in zoo will result in heavy rampage & damage.

Bug62 Good one. Just about to say the same thing but you have perfectly summed it. In my opinion, grapes that one cannot reached to pluck tend to be very sour according to his/her perspective.

I think most shareholders are not happy with the present board of directors' past and present issues/actions i.e. margin call related forced selling, private placements at ridiculous prices, change of financial year end, declaration of the company going under PN17 and etc.

Now that we know TWL had sold off most of his shares during the past few days. The question is who had purchased what TWL had sold. Big players or the sum of all ikan bilis?

The Board of Directors of the Company had approved the change of financial year end of the Company from 31 December to 30 June. The next audited financial statements of the Company shall be for a period of 18 months, from 1 January 2018 to 30 June 2019. Thereafter, the financial year end of the Company shall end on 30 June for each subsequent year.The rationale for change in financial year end is to avoid the peak congestion financial reporting period in December.

Can the Board of Directors of the Company unilaterally approved the above without obtaining the majority shareholders' approval vide an EGM?

Shameful BODs - Don't Dare to Release Annual Report 2018.

Elephant, Panda & Fox taking a dump today.