The owners have bought enough , but can't afford to take out RM5.1 million to do covid19 related products and wants to issue Right Issue.. May be back to 0.09 soon
Very heavy sales at 0.115 by retailers, all scared of RI..luckily big sharks are eating them happily. May be tomorrow drop one cent to 0.10, be a good buy, not to support the stupid management, but the unrealised gain in Xox
Whether this is not a con company or not, yet to be known. This company with stupid management is a sure, where got people so stupid to come out a Right Issue with minimal requirements of RM5.1 milliins, and scared away all investors.. Price still stay at 0.115.. No Right Issue Price is fixed yet Good push if sharks collect enough but retailers scared away
Why RI not attractive? Anyone who ask fir moneys be good ? The RI likely be 6 cents and share price be diluted immediately, say now 11 cents, after RI be 8 5 cents..Will you want it?? I must well buy 8.t cents, simple
,KGROUP will benefit from XOX for capital gain. Based on my calculation as of today, Kgroup has spent nearly RM 20,817,310.00 to subscribe for ICPS and Conversion into Ordinary shares.
Hence, we we were based on coming quarter report 31/8/2020, Kgroup in fact will constitute a capital gain into XOX with around RM 5.8 Million profit on paper.
Based on the current price XOX 0.255 as of today, Kgroup will constitute a capital gain profit with around RM 119 Million if the XOX price would stay at RM 0.255 by end of august 2020 and quarter report on 30/11/2020 will reflect the profit on paper.
XOX total share nosh 2,400 mil vs Kgroup 980 mil. Technically easier to push Kgroup than xox... I would rather bet on Kgroup. Previously Kgroup moved following xox surge 6 cent on 27 July... wait for another round of good news on 5g or logistic stuff
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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....
goodiewilly
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Posted by goodiewilly > 2020-08-10 11:35 | Report Abuse
The owners have bought enough , but can't afford to take out RM5.1 million to do covid19 related products and wants to issue Right Issue..
May be back to 0.09 soon