At today's volume versus the number of bids down, it is obvious some kicimiao shark pressing down the price.
Like whistlebower99 mentioned, some corporate exercise may soon be announced to really flush kao kao any remaining bilis.

Below are the biggest items causing huge losses to current quarter results:
Reversal of bargain purchase 126,687,000
Impairment losses on other receivables and goodwill 84,709,000

Many signs (above results and latest fraud news) are lining up for negative events soon, coincidence or planned? Or rather, karma? :D

I guess the stability being referred to is the application side (user interface, front end, friendliness etc) rather than the structural side (database, infra etc).

Since Jan 2023, many cybertroopers hired by AGES has not post a single comment.
Checking their profiles also revealed that the comments posted in AGES last year was their last.
When it is 1, 2 or 3 cybertrooper we can simply brush it as a coincidence, but it seems there are more than 3 troopers here... coincidence or hired man?

Check if your investment advisor has a license:
https://www.imoney.my/articles/advice-licensed-advisor-securities-commission
Take care of being lured by many gurus without proper license and heavy promoting in social forums.

Ever wonder why there are still lots of buy/sell queue during the eventful crash in stock markets? Once you understand that, it's easier to manage your emotions!

Fact - nobody is earning when price dips and reaches new low and lower (ignore short trader, n/a here)
Speculation - universal law that almost never go wrong which is buy and collect low, sell higher later

Have to remember there are big individual holders here hence you are not alone. They may incur even higher capital loss than you due to big amount invested. Esoteric students understand that stock market is all staged, but it is also one where you can win big but the long wait may be too much for most of us here.

Yeah, if you have mother and still holding, don't sell if that is extra money you don't need. Or if the realized loss is huge percentage that selling it does not makes sense anymore. Hopefully the only way you can ever win at the end (without co. go delist) is to hold indefinitely.

Do not be the 70/80% of those weak hands who always say technical cutloss, if don't sell everything's gone, etc. I had too many lessons learnt that holding indefinitely is the only way to win. Oh yeah of course averaging down if at all possible. No right or wrong but holding it indefinitely is one way to win at the end.

Yes exactly Tobby you can be politician like this one here!
https://www.freemalaysiatoday.com/category/bahasa/tempatan/2022/07/15/guna-masalah-selesai-isu-rakyat-untuk-menang-pru15-bukan-1mdb-kata-saifuddin/

Yeah, only the mass public believes the obvious info fed by the mainstream media.
Esoteric students know that the most powerful will always be hidden, unlike 1MDB scandal where every Tom Dick Harry also know Jibgor is the evil mastermind.

"Additionally, it was admitted that across the Serba Dinamik group, even if there was immediate sale of all assets available for disposal and for which there are said to be purchasers (sale of assets was intended to be over a period of months and, in any event the veracity of such sales is suspect and such claims denied), this would only yield a total of RM157 million.

“This sum is insufficient to make payment of the liabilities under the acceleration notice,” said the petitioners.

This counter has no other direction to go but DOWN. Hence the more sensical course of action is to go for consolidation or something similar.

huahtai98
Looks like a big body is buying up a stake in Jaks...retailers cannot buy like that.

Dunno is good or not, need to study their historical volume and movements. During previous selldown, I remember getting used to seeing daily huge buy and sell volume yet price keeps dropping nonstop.
My guess is the players here have huge funds to throw left and right.

Didn't really follow the Pacific Star PJ development, but it looks like a major failed venture into property. Tak pandai pun nak jalan, mau lari pulak!

Business is good pre-covid thanks to tourists buying the products.
Business cannot sustain post-covid, hence moving to China. But China got many competitors, what is good about BIO then? What you have here, China can do even better and cheaper la!

https://www.morningstar.com/stocks/xkls/5279/ownership
Why this data doesn't show Karim, State Financial Secretary Sarawak or SafariAsia Limited in the top 20 list?
Each of the above shareholder have at least 100 million shares in latest annual report. They all sold everything?

Hi BLee: To have an average cost of 0.28 today, it means your cost prior to consolidation is around 0.03. This is assuming RM100,000 has been invested before consolidation and later subscribed the RI fully.

My cost is 0.145 before consolidation, and averaged down @0.200 (post consolidation) to arrive at cost around 0.5 today. I did not subscribe to RI but bought from open market at a volume higher than the rights subscription.

At current price, it is only 0.019 (0.285/15) prior to consolidation.
Still a very huge drop for those who bought months prior to the consolidation.

Comparing 2021 vs 2022 annual report, Ooi Keng Thye and his Frontkn partner add more, MDEC too, Icapital and WH Capital as well. Only William sold and keep selling even recently, but then he sold at profit to Joe.
We must follow the big shots to add more, then later follow William to sell only at profit.

Those still holding from months ago have no point to sell because % drop is too huge to get back any meaningful capital.
Without catalysts for this counter, it's a drag race and attrition fight.. but to the cindy kate is normal, it is their job and doing it for decades...
Many shares out there have same fate, guess many bilis got richer from previous 2020 bull run and still holding tons of stocks, hence the beatdown from the kates family...

Support at 0.2 RI price already broken, better don't touch for now.
I believe this or previous consolidation / RI is to buy shares from thin air when bilis collection failed, and also to reduce their average cost per share.
Wait for some time and if 0.2 still not supported, likely there may be more game plan (more downside to flush bilis or collect tickets).

https://malaysiadateline.com/gaji-ceo-sapura-energy-rm200000-sehari-walaupun-syarikat-rugi-berbilion-ringgit/

Yeah, the 70/30 or whatever rule still applies in today's world, so there is no shortage of ikan bilis in the sea.

If don't subscribe to their exercise and just hold to your shares, they are not earning a single cent from you.

Those planning to average down should be happy didn't buy from RI.
Today has proven again penny stocks will drop to near RI price or lower after consolidation + RI.
For them to do another consolidation + RI while price keeps going lower, think it will be a first in Bursa...
Price should be moving upwards unless many strong holders still having shares...

This counter has a history of talk big, no action.
No surprise it's happening again, take care guys.

A company with such good earnings, yet cannot even find a proper office/location/operation address.
No real address published in its company website, previous old websites, financial info sites, bursa announcements, etc. Really so hard to find a medium size company address? At least SERBADK has a proper address...

This is THE COMPANY SECRETARY address:
Level 5, Block B, Dataran PHB, Saujana Resort, Section U2
40150 Shah Alam, Selangor
Just go there and pay a visit, then you'll know haha..

2021 change of address: https://malaysiastock.biz/Company-Announcement.aspx?id=1291321
2019 change of address: https://malaysiastock.biz/Company-Announcement.aspx?id=1176365
Cannot even find a proper address even with above announcements... the rest is up to you guys imagination...

BIO has officially joined the 'gang'. Take care if still holding any shares, it may limit down like how BCMALL went through. BCMALL used to be a stable and profitable company similar to BIO, until it start dealing with the 'gang'.

Reading the article and calvin's conjecture on price suppression provide both logical and reasonable points.

Market maker's spread that we read on internet is only the tip of iceberg on how these cindy kate works, many of the mechanics may be hidden and never be known to outsiders forever. (esoteric readers may also tell you the same, many of the real world truth is hidden beyond the common veil of what we see and know)

Also, I always believe cindy kate usually works in groups, coz if they are individual groups fighting amongst each other all the time, cannot imagine the bloodshed if one group causes the other group to lose tens or hundreds of millions dollar.

Not forgetting that there is more room to drop further beyond 0.2 if interested to make the most of averaging down. Current local market for medium term is still bearish/flat as there is more negative (politics, no investor confidence) than positive (border reopening, etc).

Wait for price to drop near 0.2 after consolidation, then buy from market at your desired amount. Way better to average down than to contribute money to company. Sorry AGES, my money not for you.

Directors are not really willing to wait so long leh... think of all the sharks and its family, children, mistress... they need to eat also guys

Come on guys, low and lower with negative earnings still not willing to let go?
You all want consolidation and rights issue is it? Or should it join the Fintech gang then only you guys will give up?

But don't worry, Bursa sure approve this Conso+RI. Earlier planned RI around 0.11 is too close to previous RI price hence tak boleh jalan!

Where got both old and new model of washing machine wash so similar between one and another lah! But this time the difference is good enough for market approval!

Cannot goreng bro, many of you guys still here.
If I goreng, many of you profit, I take home a lot less profit how, capeesh?

sato Consolidate then RI, and apply for ESOS, PP… shiok shiok huge profit ma

AGES tickets collection not enough yet, hence need to shake-a-boom first! No more easy peach life for sharks nowadays, bilis is getting smarter, ouch!

Ughh tough luck, times are changing. For better or for worst, we are better connected nowadays. Not easy to play this game anymore ar master.

Blee and unclekyyisbest are both so calm and collected. Give a big like to both! *winks at all the npc/cardboard chars/trolls/pawns*

@Citadel123: thank you for your concern wkwkwkwkwk...

Based on indicative RI price of 0.25 after consolidation, this exercise is similar to asking for subscription of ~0.0167 per share if no consolidation.

If price does falls to 0.25 after consolidation and close to subscription closing date, better to buy from market than give money to company. So either you:
- cutlost now to avoid greater paper loss or
- wait till near RI subscription closing date to compare market price vs the finalized RI price

As the saying goes: what goes around comes around...
Company treats minority investor like dirt, you also have the choice to do the same...

@WE IN: yes we earn nothing or peanuts from stock market, happy boss?

@Citadel123: most of us with full time job/business out there have a lot less time lurking around forums, tqvm.

Previous Serbadk's contract in Petronas system is not even close to RM 0.5 billion, and their legal team dare say Petronas is collaborating with Serbadk to bring in investments to the tune of RM 33.9 billion! No wonder public opinion can be easily manipulated by media if nobody dare to find out the truth like KPMG... or like myself who previously has accessed Petronas system before...

If based on previous price spike during July 2020 which shoots ~3 times in just a few days, likely that time the public shareholding is very low and the operator could be some player from China because of the 2billion MYR contract acting as catalyst.

Since there is way more public and director shareholdings now, coupled with costlier transaction fees starting January next year, the more reasonable way for price to move up is the company's future earnings. Of course anyone can just say goreng then goreng la, why need so many factors/reasons...

Also not sure if anyone notices it, but recently operators allow lesser transaction volume to move price up/down few bids compared to months ago...

Director pump own money and not via proxy is always a good thing, shows his confidence in the company (can be a show also, if stock market is so predictable then everyone earn big already).

Not necessary going to goreng because catalysts etc not there... some more next year stamp duty is more costly for the big guys...

BLee: At least PP is regulated, with proper tracking by regulator and regular update of %usage of $ used. I am dumbfounded by the numbers of Fintec ESOS; really pushing the price down and diluting NTA…
I am speechless; link https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h159292...

@BLee: when I first knew and start taking notice about Fintec many months ago, I realized one thing Fintec has - unbelievable profits that goes straight up and up. And that time many people (especially Chinese media/groups) promoting like it's the most undervalued counter. Hence I stayed away and never look back.

Sorry about your current paper loss in Fintec, I hope your persistence will one day let you recover capital and even profit from it. That is what I'll do (never sell at loss and just wait) since I don't rely on stocks for a living, and most of us with real functioning full job/business have only certain amount of time in the day to chit chat in forum hahah... that's also one way to avoid the toxic/negativity/hopeless situation currently in local market.

BLee: Two questions: 1. How can operators earn money in PP investment if the PP tranches prices keep decline by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?
2. How can money flow out (siphon) as money collected from PP, ESOS, SIS, RI are locked in bank FD account as shown Fintec latest QR reporting?
Continues...

Very good questions BLee, at least these seems like critical questions that let us think outside the box rather than simply shoot common answers like PP, RI, Consolidation, etc cheats your money but then ignore the nonstop price fall. I've even got a friend who knew investment bankers (you would have thought that he knew more than most of us since he has such friends) that tell me to sell during consolidation because it's better to get back some capital (huge loss) rather than lose all.

But I persist and at the end not only got back full capital, I earned some profits too. Why I insist to keep? Well only a simple scenario in my mind: big shareholders/insiders are holding the share at high price as well, and latest annual report still shows they are there. These are after considering the selldown volume, RI price, etc... you somehow get the picture that they are still inside with higher cost.

1. How can operators earn money in PP investment if the PP tranches prices keep decline by almost 10% since from Fintec tranche 1 to tranche 4 without any rebound of price?
All speculation here: Everyone except retailers and non-insiders are together in the money. Means they have huge pool of money, can create fake volume/charts/price actions, work together with market makers/operators, and can wait years and years to flush out outsiders. If you try and study some history of those penny stocks, many times during pump and dump they almost coincides with corporate announcements/news/exercises, you cannot help but feel that the entire timeline is all planned out.

2. How can money flow out (siphon) as money collected from PP, ESOS, SIS, RI are locked in bank FD account as shown Fintec latest QR reporting?
Also speculation: Didn't know that money collected from these exercises are locked in bank FD, as I thought they can be used for those purposes stated in the shareholder circular eg, for company day to day operations, repay bank borrowings, to fund projects etc. Then with these purposes announced, it's easy to setup shell companies to act as vendors/customers to siphon out these collected funds from the bank.