The Proposals have potential, subject to independent valuations, due diligence and finalisation of definitive agreements, to enable the shareholders of ALB to unlock the value of their investments in the Company and to participate in potential new businesses.
Yah mandatory at 0.10 cents, look too good to be true. Price drop the moment limit up. whoever buy to limit up, into this "deal" at high risk. I already kena burn by connect. Buy only after they issue new shares to public.
I gave timely warning about connect. That already history, the future is now with Alb. Myeg, Ancom are reputable and straight away suspend all their trading after signing HOA and make announcement immediately.
10 c is only an indicative price for HOA, the involved parties can adjust the amount to ..., whether they wah the future listed co to be penny stock or not.
@STFU should do what his name says lol. gonna start ignoring people in this forum only. buy if you want sell if you want. whatever value in the future win or lose accept it. people who dont see value in s5 is just brain dead that's all I have to say
ALB will issue new shares to vendors based on 10 sen per share for the purchase of S5. They are the shareholders of S5, so price tag of shares is low to justify the risk that they take.
Then MGO. The price will be decided. Normally based on weighted average price. Dont worry how much price of shares issued to vendors. What is important MGO price.
Then will do private placement of new shares before open trading to public.
They said they going to use independent valuer to determine the value. I think they will issue new shares to S5 so they will have majority and after that will call MGO for rest of the shares they didn't own ( again the valuation hasn't determine yet and I won't accept their MGO at whatever price) once S5 already in then the true valuation start kick in. The par value of 10sen not important, for example they can issue more share to S5 if valuer decide on higher price. People think they can get 10 sen is just ignorant the deals not for you and certainly the value of shell co i.e. Alb is about 5% value of S5, so they can't sell high to S5 but they knew they will ride on S5 success.
Thank for explaination. So, the 10c is indicative price. The price of issuance share will determine later. This is important because S5 system minimun worth rm 900mils.
A consortium between MyEG Services Bhd, HeiTech Padu Bhd and S5 Systems Sdn Bhd is among the frontrunners for the National Integrated Immigration System (NIIS).
Technically if we dont accept MGO, will be automatically maintain shareholder of alb with a new business (providing e-govt solution). So vendors have to offer attractive price to entice alb shareholders to sell
when the s5 news come out, straight limit up. means market ady know s5 power. is only no price supporting bcos lots buyer making profit also. no matter how, still need to wait alb become s5
Don't worry how they going to do, I want you to look at this;
1. Similar biz Dsonic. Profit RM60M a year, Market Cap RM1.8B, P.e 31 2. S5/ ALB. Profit RM60M, Market Cap RM145m. 3. With existing biz alone ALB can jump to 12 x of current market cap. 4. That doesn't include niis RM1.5 Billion project and other biz from new govt. 5. Possible Market cap can reach to 3-4 Billion
Step 1.. HOA of the RTO.. Done Step 2.. Due diligence of S5 to determine valuation Step 3.. Share issuance to buy S5 Step 4..MGO.. Step 5.....IIS award Step 6.. Huat kau kau.. 31Dec20.
I can comfirm this, they do not collect enough, all the while the target was connect. D minus 1- vol 218m, D-2 Vol 53m, D-3 Vol 25m and no volume before than. Yesterday after announcement-vol 775m.
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Posted by pang72 > 2020-07-16 23:02 | Report Abuse
See movie how this Ah Wong get iis project la..
Learn la..