Agree with Reap88. CSY and geng have to push up the price beyond reach of Dato, and they have to do it quickly before Dato start accumulating at cheaper price.

i am with you superbull. already bought at 2.5s as per your advice.

retailers are dumping at 8s... good correction before moving up...

there is a limit to the price drop otherwise it is cheaper for Dato. With cash of 50 mill plus, the company is a dream for both sides. They can easily recover the losses by declaring the special dividend later.

The strategy to block the price might not work and it may backfire them. At 8s, it cost only 80k for 1 mill shares or rm 8 mill for 100 mill share which should be well within Dato financial capability. If let say no one is buying, they have to buy back to ensure the price does not drop and make it cheaper for Dato to buy and this will make them losers.

Another strategy is to push up the price higher to make it expensive for Dato to buy and to force Dato to quit the race altogether.

today T3 for those buying at 8s... so expect some selling in the morning.

without IDSS, those who want to block must use actual shares and have the a lots of them. Guess among those 5 largest shareholders, who is actually trying to prevent the takeover?

I think Dato is fighting back now... for him, the cheaper the price the better compared to losing money in ICPS conversion.

have to wait end of today or tomorrow to see who actually buying and selling.

good question... it can be anyone of them!

i am not suprised if Dato on buying spree again today...

effectively they have around 400 mill shares to dispose at 9s! Does Dato has stomach to swallow all?

it is good that short selling is now banned... so CSY and gang have to use real shares to block Dato...

Largest shareholders as of yesterday

Total NOSH 753,018,225

1. DATO NEOH SOO KEAT
Direct (units) 128,000,000

2. MADAM CHAN SWEE YING
Ordinary shares
Direct (units) 126,800,000

ICPS
Direct (units) 224,808,303

3. MR CHOO PENG HUNG
Ordinary shares
Indirect (units) 99,530,800

4. MASTER KNOWLEDGE SDN BHD
Ordinary shares
Direct (units) 99,530,800

5. MR GOH EUGENE
Ordinary shares
Indirect (units) 32,994,400

ICPS
Indirect (units) 73,605,600

Effectively no 2 to 5 controls 399,485,200 shares or 53%.

But if they use their shares to block (now with IDSS banned, they have to), it is the opportunity for Dato to reduce their shareholdings and buy at cheap price.

Cash RM37 million due to conversion alone makes it attractive for Dato to continue buying.

Largest shareholders as of yesterday

Total NOSH 753,018,225

1. DATO NEOH SOO KEAT
Direct (units) 128,000,000

2. MADAM CHAN SWEE YING
Ordinary shares
Direct (units) 126,800,000

ICPS
Direct (units) 224,808,303

3. MR CHOO PENG HUNG
Ordinary shares
Indirect (units) 99,530,800

4. MASTER KNOWLEDGE SDN BHD
Ordinary shares
Direct (units) 99,530,800

5. MR GOH EUGENE
Ordinary shares
Indirect (units) 32,994,400

ICPS
Indirect (units) 73,605,600

Effectively no 2 to 5 controls 399,485,200 shares or 53%.

But if they use their shares to block (now with IDSS banned, they have to), it is the opportunity for Dato to reduce their shareholdings and buy at cheap price.

Cash RM37 million due to conversion alone makes it attractive for Dato to continue buying.

we have to wait to see who's buying almost 150 mill shares at 9s for the last few days....

with the ban on IDSS, the group can no longer sell 'angin'. They have to put real shares on sale. That is why they frantically converted the ICPS, even at loss, to prevent the take over by Dato.

Total NOSH 738,018,225

1. DATO NEOH SOO KEAT
Direct (units) 128,000,000

2. MADAM CHAN SWEE YING
Ordinary shares
Direct (units) 126,800,000

ICPS
Direct (units) 224,808,303

3. MR CHOO PENG HUNG
Ordinary shares
Indirect (units) 99,530,800

4. MASTER KNOWLEDGE SDN BHD
Ordinary shares
Direct (units) 99,530,800

5. MR GOH EUGENE
Ordinary shares
Indirect (units) 17,994,400

ICPS
Indirect (units) 112,005,600

Effectively no 2 to 5 controls 343,874,000 shares or 47%. More if they are willing to fork out more money to convert the ICPS.

How can the group prevent the takeover by Dato? One way is to push the price higher to make it more expensive for Dato to buy. By blocking it at lower price actually makes it attractive for Dato to increase its holding take control of this cash rich company while making the group losing more grounds.

Either option, it is a windfall for other investors like us. Cheers.

once contra players finish dumping, VC can move up to 9s-9.5s....

I think Dato is smiling as he does not need to pump money into the company. The company is rich already via conversion of ICPS... and now he is the largest shareholder. If he keeps buying, then he can effectively control VC.

with short selling now prohibited, they have to convert ICPS in order to get shares to block Dato. Even if they have to lose money to prevent the takeover.

so Dato is the biggest shareholder now unless Madam keeps on converting and put money in the company!

MR GOH EUGENE
Ordinary shares
Indirect (units) 17,994,400


ICPS
Indirect (units) 112,005,600


MR CHOO PENG HUNG
Ordinary shares
Indirect (units) 99,530,800


MASTER KNOWLEDGE SDN BHD
Ordinary shares
Direct (units) 99,530,800


MADAM CHAN SWEE YING
Ordinary shares
Direct (units) 126,800,000


ICPS
Direct (units) 224,808,303


DATO NEOH SOO KEAT
Direct (units) 128,000,000

since for every conversion means cash to the company, it makes VC a cash rich company now... that is why people are fighting for control.

MR GOH EUGENE
Ordinary shares
Indirect (units) 17,994,400


ICPS
Indirect (units) 112,005,600


MR CHOO PENG HUNG
Ordinary shares
Indirect (units) 99,530,800


MASTER KNOWLEDGE SDN BHD
Ordinary shares
Direct (units) 99,530,800


MADAM CHAN SWEE YING
Ordinary shares
Direct (units) 126,800,000


ICPS
Direct (units) 224,808,303


DATO NEOH SOO KEAT
Direct (units) 90,000,000

It seems that Madam still have substantial ICPS which she can convert (at loss) to gain the control of the company. Dato Neoh still have to buy a lot if he still want to use as a vehicle for his Trinity listing.

strong sell by contra players and strong buy also.... let see if there is magic at the end like last Friday.. potentially finish 9s or 9.5s today.

yes it is a battle for board control, similar to SEACERA last year.... pushing the price to all time high.. hope the same for VC.. pushing the price to all time high also...

those who sold at 7.5s probably contra players..

MCO extension is known fact already.. all the governments in the world already extended their MCO... investor will buy on opportunity. the only unknown is will government allow some activities to resume or not such as plantation etc.

adding some more today... looks like very strong support... TP 12s is coming.

Superbull168, what is the TP?

strong buy support at 8s...

flushing the contra players out first...

1.5s today is already a good show... wait until Dato call for EGM, then there is a real tiger show!

It makes sense for madam to convert now even at loss as keeping PA does not give her the voting power.

roadblock heavy everyday but Dato and his team managed to overcome this. I believe in Dato to take over this VC.. after all, I bought at 2s so why do I need to run away?

For the right issue to be attractive, they have to push it above 10s...

This time around it will be different with Dato Neoh on board. He has a good plan unlike the previous guards... only know how to con people and make money for themselves.

@Michael Kwok pls be careful, rumours circulating in the gallery, got some Big sharks gang lose Big time, caught with pants down by market, now v desparate to cash out all their junks stks n short good stks like dayang to force investors to sell when hit cutloss..
last friday, they shouted their intentions to short all way to 50 c, but actually set trap for IDSS players, push up instead ! ..looks like they got Big Holes in porfolio now,..trust these sharks gang at own perils...better wait for market to settle 1st, maybe yr-end, according to some oldtimers at the gallery...this is what i heard...

Not TRUE as IDSS has been suspended.

@Michael Kwok pls be careful, rumours circulating in the gallery, got some Big sharks gang lose Big time, caught with pants down by market, now v desparate to cash out all their junks stks n short good stks like dayang to force investors to sell when hit cutloss..
last friday, they shouted their intentions to short all way to 50 c, but actually set trap for IDSS players, push up instead ! ..looks like they got Big Holes in porfolio now,..trust these sharks gang at own perils...better wait for market to settle 1st, maybe yr-end, according to some oldtimers at the gallery...this is what i heard...

Not TRUE as IDSS has been suspended.

I don't think it will plunge. Dato is in serious business to list his Trinity. All he needs is just to get control of the company and that is it. Seriously I am targeting 30s.

Warriors88 Vc already reached the highest, sell and take profit.
Switch to MLAB!!!
08/04/2020 11:02 AM

The highest was 24s... so still more to come bro!

4s clearing fast!

7.5s clearing fast!

15s coming...after all, those converted at 15s sure don't want to lose money...

bye-bye warrior!

watch out for VSOLAR also guys... RI is coming, they will goreng up the share... just sharing...

so peaceful... time to focus on my VSOLAR, hope faster than VC!

All Dato needs to another RM 6 mill to buy another 100 million shares and effectively owns the company. A small number for him.

maybe one of the reason mdm is forced to convert at loss is due to short selling is no longer allowed for 6 months. so she has to use her own shares to try to block Dato...even at loss.