PDZ is doing good, reached 0.12, but it will definitely break further for now before JV update announcement which will be next month, after announcement breaking 0.3 will be very easy......
Thats because there are many alike you who are in the que selling off CHEAP tickets.... once the profit taking subsides, price will surge again.........
We refer to the announcements dated 15 July 2020 and 14 August 2020 in relation to the Investment and Collaboration Joint Venture Agreement (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
The Board of Directors of MQ Tech wishes to announce that, MQ Tech and JD had mutually agreed to extend the cut off date for a period of one (1) month from 16 August 2020 to 15 October 2020:-
(i) for the Parties to finalise the definitive terms and conditions pursuant to the Agreement; and
(ii) to allow a longer timeframme for the potential seller to revert on its interest or otherwise.
Mqtech just want to ride on glove theme. They not serious to venture into glove. They want you all the retailer pour money to Mqtech director pocket.
While still got time better sell this scam counter and join genuine glove counter eg Topglove,Supermax,Hartalega,Kossan,Comfort,Ruberrex,Careplus and HLT Global.
Hope after this many of us will warn newbies retailer from investing on loss making penny stock counter. Not worth the trouble and time wasting.
Every year loss making penny stock repeatedly making fake announcement and never materialize. They never want to change their core business and never venture into other business.
I can assure all of you in the next 5 year, Mqtech will still doing the same business. Glove or vaccine will never be materialize. I promise all of you this.
Hope next year anyone of you who still stuck in this counter dont become a person like Neymar jr. Alluring newbies with fake dream and quietly pocketing Rm10 million profit from it.
As per the announcement that shared out ystrdy, most probably the Semperit deal might not come to realisation in near future. If it is seriously considered by both parties, I believed by now, we wil hv more or less some good news. Unfortunately it needed another month extension for further action & negotiation. This doesn’t sound good for anyone who has invested in it. During June20, when the company announced that they were goin into gloves n the news was very positive n well excepted by the public. During that time not many companies venture or make news that they r goin into this business. Unfortunately as per today, too many companies came forward & said they r also keen in this business n signed MOU , MOA n etc. By knowing that the Semperit deal might not come through, the Mgmt has decided to come out with the Kibaru news. Kibaru of course is nowhere to compare to latexx partners. Now the question is, shall we rely on the Kibaru news & hope that MQT close the deal so that in the future, the company book keeping wil look good? Probably the risk is just to high as the nego period is 6 mths which at the end of the day, might not hv any positive outcome. I do agreed with some of u who said that this company is just making news n for goreng purposes only n to enrich certain parties by taking advantage of others. As we also knew that the company doesn’t hv any major shareholders, therefore, not much interest wil be emphasised in running the company. If the Mgmt is serious to revive this company, they must show something concrete to the public. If not, the longer u hold the shares, the higher the risk wil be. I do understand why many hold this share. Comparative to the big 4 & 2-tiers glove makers, it is very very cheap n chances to strike big is very high. Unfortunately the company has no clear direction on the glove n suddenly said their r also into vaccines which makes matter worst. Sound fishy, right? Well, the choice is yours. High risk high gain n no risk no gain. Enjoy your holidays n happy Msia Day ......
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....
Attaaaaaack
371 posts
Posted by Attaaaaaack > 2020-09-15 15:53 | Report Abuse
PDZ is doing good, reached 0.12, but it will definitely break further for now before JV update announcement which will be next month, after announcement breaking 0.3 will be very easy......