By looking the company profile definitely is a profit making company. All we need is patience drink some coffee to relax. Nothing to lose also. Just my 2 cents view.
SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") PROPOSED SHARE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN VIVOCOM ("VIVOCOM SHARE(S)") INTO 1 VIVOCOM SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION")
Today's sell down is as expected, a clear indication that the 10 to 1 consolidation is NOT favorable in the eyes of investors/shareholders.
The end of day summary shows that sellers disposed off a total of 116 Million shares at 3.5c and 11.8 Million shares at 3c. If this is not bad enough, the Sell Q at 3.5c has now BALLOONED to 228 Million shares. Looks like retailers are really getting WARY about the situation and wants an EXIT at a higher price.
Will be interesting to see how it plays out next week, whether it can sustain at this price level. In my opinion, i believed it will be SOLD DOWN further, as more and more shareholders become aware of this consolidation exercise and its NEGATIVE EFFECT on the share price.
past shares price too high make bonus issue adjusted price investor will happy , Now price too low consolidation adjusted price now investor will sad ...
1. Consolidation to bring it back to reasonable price - it's harder or less room to play the game when price is near bottom rock now
2. Either one or more of the scenario below -bonus issue/free warrants -some positive corporate news -some private placement -consistent good qtr results
"In Bursa Malaysia, the minimum number of shares or stocks you can buy or sell per transaction is 100 units. In other word, if the shares price at RM1 per unit, you need at least RM100."
Consolidate OK... but no more RI . If this company issue another RI , someone must tell them some of our grandmothers running stores feeding families , were better business woman then any of them .
Got some info that the players here are hired by co and gang to create 'volume' when nearing the beginning of another round. Since there isn't much catalyst to push price up for a pump and dump (need specific sharks), the plan is a game of RI for company to earn your money. This is done by enticing buyer when some good news are announced after consolidation, then subsequently the price will be pressed down so many are forced to subscribe RI.
Hence the (same) sharks are hired only for 'volume' and not for pushing up. Take note guys
bbbbbb see volumn, if volumn so high, but price not move mean what?? wait and see lah....buy 0.03 very safe...
Yes, these kind of volume is HIGH hahah. Take a look at other counters first?
When you are too emotionally attached to a single stock, you'll miss out on the bigger picture and could be stuck here when things go south especially at such a 'famous' counter.
10:1 is a very drastic move for a consolidation exercise by the management. Unless they have something solid which their going to show in the future after the exercise. If not game on play/buy-sell/manipulate.
Must understand. It's not going to be easy for this share to move up back to above 0.30 with 5-6 Bill ishares issued after all the bonuses and RI. Bulk of shares now are also with the management/Cronies/Sharks. They're also stuck for years.
Let's make an overview on what's going to happen. Closing price, on ex-date. 0.05. New price will be 0.50/share after ex. High? Let's say it closes @ 0.10 Than your new share price is Rm1.00/share ex. But, your shares are all consolidated and no more easy to manipulate or simply to sell to bring down the price from there onwards. Question is, can the price after ex be maintained or improved?
So, what's the exact motive of the 10:1 consolidation exercise was for by the company? Why need to be so secretive unless inviting Speculation. Anyone over here can contribute to what I've said and asked. I may be wrong.
JK22 No problem , many in here gone thru 0.30, 0.18, 0.13..... to 0.015. 0.01 just 0.005 lower . Small issue.
What if after consolidation, your share holding reduced by 10x. And the price went back to 0.035 months after that. It is something none of us has gone through in this counter.
Example of 1,000,000 share Pre consolidation value is 1,000,000 x 0.035 = $35,000 Post consolidation value is 100,000 x 0.035 (after months of waterfall again) = $3,500 Effectively you are as good as dead here!
If that is really part of the game plan, then all the co and gang would be affected as well. Hence, likely there will be some kind of bonus issue to even out the ratio. And also the co and gang will increase their share holding slowly when the price waterfalls, knowing well that at the end game they will gain back all the invested $$$ plus profits.
Remember, the above game plan has 2 main objectives. It is to either siphon your money via RI, or to mentally force you to sell your holdings. Once enough are collected, move on to pump and dump. Else repeat cycle.
Liegelord: aiyoo stop the bull bear thing lahhhh.. If you are so free to post this nonsense, try spend some time once a day to go Vivocon office and see for yourself there. Sit in a coffee shop nearby, drink some coffee etc..
You'll have a better perspective once you get out to see things for yourself rather than be a keyboard warrior posting some nonsense!
Liegelord: Sorry if you take my earlier reply as an attack, I apologize. It is never my intention to put it like that, only if you notice my sarcasm above. Once again apologies.
A bit of exciting news for WE holders. Exercise price. 0.05 Conversion. 1:1 Just say ex date mother price. 0.03 Consolidation 1:10 New price is 0.30 Relatively WE price should be 0.25 after consolidating.
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....
maggiemee
2,097 posts
Posted by maggiemee > 2020-07-24 15:28 | Report Abuse
By looking the company profile definitely is a profit making company. All we need is patience drink some coffee to relax. Nothing to lose also. Just my 2 cents view.