Rip those who hold.. During covid theyall no money, this is the only way for them to get ez money which is your money.. Fintec comp will makan you sikit2.. Look fast, lkl.. They wont drop drastically to make you believe all scam counter will go up.. Run baby run
This fintec people do not know...how to run business well....their objective is to play the stock market and operate their stock to kon people loh!
If their stock operations are not successful....their next objective to strip the company for cash or strip its other listed for cash to bail them out loh!
For example U will notice that Netx will buy into mlabs loh!
And fintec will buy into netx & so forth loh!
Where is the promise of Running Netx as the next Alibaba, Amazon, Alibaba, Facebook, Grab and tencent leh ?
It can never be mah!
Bcos this people do not know how to run real business well for profit mah!
The best they can do is to cook up very sexy stories like when GRAB is successful, they will come up with Gemsports loh!
When Gloves is successful they will come up with AT loh!
The strategy is to entice u to get trap in their share mah!
Even if the stock that has huge undervaluation and Cash Rich like NETX with net cash more than its share price, it does not help loh!
Take for example for NETX....they bought up some of retail units in SG WANG Plaza for only token Rm 1................but after taking over the company.....NETX need to come up with millions & millions to settle the companies owing...b4 they can lay hands to any vacant retail lots mah!
So effectively...it is a bailing out of its cronies loh!
do a checklist for normal CON companies in bursa 1) very often private placement, right issue, consolidate + bonus issue 2) changes name 3) too many business, meaning company dont even know what they are doing 4) high debt or high receivables 5) when you see too many promoters for the counter becareful 6) a bit more effort see the shareholders if got those link with CON counters as they like to help each other aka i buy your counter you buy mine
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....