the share price going lower and lower is a strong evident that the management already dig a big hole and the value of the company has been evaporated

calvintaneng, lelong but not selling with normal price.
They have some schemes ......

MALAYSIA PACIFIC CORPORATION BERHAD (“MPCB” or “the Company”) - Notice of Default with respect to a Charge dated 10 October 2014 pursuant to Section 254 of the National Land Code 1965 by AmanahRaya Development Sdn Bhd (“ADSB”) to Taman Bandar Baru Masai Sdn Bhd


with Section 254 of the National Land Code 1965, the land owned by MPCORP can be lelong if the debts can not be settled.

MPCORP is on the verge of PN17. Last move.

I just asked my friend who is a banker about this company.I was told that this counter may fall into PN17 if MPCORP failed to settle the debts within 3 months.
Unless the issuance of new shares is a success.

I shifted to BJCORP.
BERJAYA CORPORATION.

I can get cheaper than you, calvintaneng.

The debts will make this company fall into PN17

calvintaneng, all the best to you.

luckily i sold

.........................

rogermoo,this is a dangerous counter.

about to fall to 0.395 again

*LIKE*

*LIKE*

The major U.S. stock market indexes took a dive Monday, marking a three day downward trend for stocks driven by unease over Federal Reserve monetary tightening and a tumultuous global economy.

The S&P 500 closed at 1,875, down 1.7% for the day and putting the index below its 200 day average for the first time since 2012. The decline occurred mostly after 2 p.m., and marked a 1.8% drop from a daily high of 1,912. In the past three days, the S&P 500 has dropped 4.8%, from a high of 1,969, in the worst 3 day decline since 2011

The Dow Jones also took a dive, losing 1.35% on the day, and slipped to 16,321 from a high of 16,590. The decline began around noon and then picked up around 2:30 p.m. This is the steepest day of losses in a three day losing streak that began on Oct. 9 and cost the Dow nearly 4%. After a volatile trading day, the Nasdaq also suffered, dropping 1.5% for the day, tumbling to 4,213 from a high of 4302.

The increased volatility is a product of a growing divergence between the U.S. economy and other major economies, such as Japan and Europe. Unlike 2013, when global growth trends and monetary policy all moved in tandem, recent months have featured sharply divergent economic news, said Bryan Piskorowski, director of markets and product strategy at Wells Fargo .

“The markets are in a bit of a twilight zone,” Piskorowski said, noting that the markets will take time to realize that higher rates from the Federal Reserve are a response to stronger growth, which bodes well for earnings.

The volatile trading day follows on the heels of third quarter earnings season, which has spurred some anxiety about the effect of the rising dollar on earnings, especially for companies on the S&P 500. Earnings announcements commence in earnest this week, as major players such as JP Morgan Chase and Wells Fargo share performance figures.

The hardiest among the major indices was the Russell 2000, which dropped a mere .4% over the course of the trading day. This marks a reversal of a trend that began in September, in which the index declines much faster than the rest of the market, dropping 10.7% since Sept. 2. Small cap stocks are generally less exposed to global markets than larger companies.

“I don’t think that this is the beginning of a bear market,” Piskorowski said. “For those under allocated to U.S. stocks, the recent dip could mark a good time to buy.”

http://www.forbes.com/sites/carlodonnell/2014/10/13/stocks-tumble-in-worst-three-day-slide-since-2011/

Stocks Tumble In Worst Three Day Slide Since 2011

http://online.wsj.com/articles/u-s-stock-futures-rise-slightly-after-last-weeks-selloff-1413203315


The pullback exposes investor jitters as the U.S. Federal Reserves prepares to begin raising its federal-funds overnight bank-lending rate as soon as next year, for the first time since 2006. Many traders and analysts believe expansive Fed policy is behind the sharp run-up in stock prices since the financial crisis ended in 2009, and the prospect of rising rates is being met with increasing anxiety amid signs that the economies of China, Japan and Europe are struggling.

the minimum is 100 shares. Tenlot means, 10,000 shares.

smalltimer, i do not think so.
I have withdrawn all my bet in the share market and wait until the DJIA reaching the bottom, 13000.
I have 20 lots of mpcorp, still left 4.8 lot, i will dispose today.

another 5.2 lot queueing

i manage to sell at 0.40

today also around 30 cents

liar. I want my money back.

get out from this counter to cut potential loses.

Calvintaneng, go to the see the announcement. I think my investment in the company will be burned immediately.
I queue at 0.415 but failed to sell. Hopefully there is still some time for me to get out this counter.

day dream ...............Choong Pooh, you die this time.

MPCORP will be listed under PN17 category starting from 15th OCT 2014

PN17

We refer to the announcement dated 12 March 2014 pertaining to the Settlement Agreement with ADSB.

The Board of Directors of MPCB wishes to announce that Taman Bandar Baru Masai Sdn Bhd, a wholly-owned subsidiary of MPCB, has been served with a Notice of Default with respect of a Charge dated 10 October 2014 (“Notice”) pursuant to Section 254 of the National Land Code 1965 from ADSB for a breach of the provisions of the said charge for failing to settle the outstanding amount to ADSB.

The Management is seeking legal advice on the Notice and will take appropriate steps to address the issue. The Company will make further announcements of any new development in connection thereto.

This announcement is dated 14 October 2014.

hard to dispose. The buyers are few but sellers are many.

sure. The mpcorp has lost its temperature.
Initially i thought mpcorp will go above 50 cents to allow the issuance of new shares.
However, it seems that mpcorp has already lost in the jungle.
Repayment of debts is not settled and this will make this company to be categorized under PN17 group.

If you take a look at mpcorp-wb, you will know that mpcorp is not on the list of fry.

Who is willing to buy 0.415?
I am queueing.

chasing bjcorp

cancer, no cure.

I queue at 0.42.

mati ooooooiiiiiiiiiiiiiiiii

Mpcorp will lose at least half their value this year after a more than 50% plunge from 0.52 peak.

strong doubts over the performance of the company.

towards 0.35

0.395

calvintan, dropping again.
He is weird.do not care about choongpooh

choongpooh, where are you?

no hope.
booster failed.

expected to drop to 0.35

Announcement of MPCORP:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1761957

The Board of Directors of MPCORP wishes to announce that the hearing of Application for Stay of Execution in respect of the Court of Appeal Order dated 19 May 2014 fixed on 9 October 2014 has been adjourned to 4 November 2014.


Why it is adjourned, already adjourned few times le...I think something bad happened.

i did not care how mpcorp will get benefits in the end.
I care the share's price ....
will the news boost Mpcorp.
If the good news can boost the price, then is good news.
If the good news can not boost the price, then in the end also no use.

calvintaneng, i really hope the news can boost the price to new high.
I pray pray pray. i only need 20% profit, i will be happy liao.

If Monday the price is being boosted, can consider to sell out ,getting profit before making next investment.

huge debts