There's a better proposal. That is for unkle koon to loan the money to jaks directly, with interest of course. In that way, the share price will not be affected, and the company will still raise the needed funds.
JAKS should proposed right issue 1:1 with the price of RM1, then it can force KYY to dig out another RM100mil and invested into the company, or force KYY to dispose his share. If this is the case, I guess KYY will dispose his share, and share price will collapse to below RM1. Then management can buy back the share from KYY.
JAKS controlling long term shareholders led by ALP are not that concerned about propping up the share price. They are more concerned about thwarting short term parasitic investors who create no value for the business but leave the company devastated after they sell out, taking their profits and leaving much pain behind. They know KYY and his tricks. That's why he is not wanted on the board of directors. This time, he is locked in for a long long time as a mere investor in JAKS.
X It is not a difficult if you want to teach KYY a hard lesson. Everybody just sell now as Jaks share price remain relatively high compare with general market. You can get a much better stock at 1.44 Andy Ang and his lieutenants must cooperate to depress Jaks to a lower price, say 90 sen for couple years, and not to declare any dividend. The rest just leave to the banks doing the job. KYY has to service margin finance interest just like what WC has being suffering for last 5 years. Same technique was used by Yee Lee against Tabung Haji years back until Tabung Haji could no longer stand it and sold out in Oct 2007...........
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Chanteckfai
119 posts
Posted by Chanteckfai > 2018-06-13 22:35 | Report Abuse
I agree with Ang Lam Poah. Issuing warrant is good.
I disagree with kyy proposal.