Problem is AT used the cash surplus to buy up Trive RI and Asdion shares, this will be a big loss of quoted shares again on next March 2021 QR report...that's why AT need more fresh funds like 1.26 billions Esos and later on share consolidation exercise plus RI with free warrant in order to buy another loss making company... pls be warned that Fintec loss RM 61 millions in December quarter due to the big loss of quoted shares...beware..
AT should acquire land to plant rubber trees to produce latex to make rubber gloves. It should also set up factories to produce covid19 vaccines. After that its share price will surely LU.
IF AT sell all rubbish fake PLC shares investments (after they siphoned AT money to their crony pockets) and stop printing more shares, maybe got hope.
AT mass Polygamy will only have 1 result - behind bar for ethic and moral issue.
happystockplay If AT divorce with fintec maybe they will do good 19/04/2021 1:29 PM
Sorry, being busy. I think you misunderstood my intention to make retail investors aware of the REAL fact. Look at XOX yesterday EGM, Only 6.4% of the XOX Total shareholding DICTATE the abuse of the rest of 93.6% of 3.935 billion. Only this show that "syndicate" taking the advantage of "retailers" don't care or aware of EGM implication of voting, hence they can do whatever they want with the help of "directors"
Again, this time, 24 retailers do attend while 35,000 or more of the retailers who own shares in XOX either not bother or not aware. I think high majority are not aware of the EGM. Compare to previous only 7 or less retails attended. Hence, improvement is there of awareness. Only if more retailer turn up , then only situation will improve. Kudos to the 24. Well done.
What I am trying to do is to show to SC or MSWG that they need to put major effort to improve the current requirement that only need 14 days notices for EGM, which is ridiculous, as this is exactly the LOOPHOLES of the SC rules that help syndicate to surface in any counters.
Also, SC or Bursa need to have a method to ensure that ALL Shareholders are make aware of coming AGM or EGM, to ensure that public are not being abused. SC, please listen.
Look at M3TECH yesterday EGM, the % shows that, Directors are not all powerful, they can be taken to task by shareholders if all shareholders (retails) interest are not being taken care of.
Even a 100s ikan bilis retailers attend and vote also useless . How much share they can combine hold ? You need a major share holders to involved. Giving example of M3Tech . 7 individuals hold 146,096,500 share voted against . ( average each of them hold 20mil shares , which come to about RM1.2 mil holding . Ikan bilis retailers got ka ?
The last AR by XOX shows that more than 35,000 shareholders own 75% of the company, Then write to SC to change the SC rules , whereby those not attend is NO or all EGM/AGM. the quorum must be 51% or more. As the current rules stands, that is why I do the blogs to encourage participation, that is also what MSWG encourage all investors to do, irrespective whether it is syndicate control or blue chips. Just like last GE14, young people take their parents to vote to change the government, and it did change, Najib is out. Sitting to complain and blame this and that is no use unless we start the changes ourself first.
Don't trust directors who speculated on other penny stocks using company's money raised from share issuance for esos and pp. Just look at what price they bought the penny stocks and you can guess their intentions.
I still remember the days when AT share from from 19 sen to 15.5 sen everyone say grab cheap tickets dont miss..... now look where we are... so in theory all the experts and comments here have to be taken with a pinch of salt as truly no one here knows anything and just commenting blindly... true or false ? if we were scammed just have to face it...it was anyhow a brilliant scam... they took advantage of the situation when the time was right.... thats all...
SC has to immediately investigate s all these companies without fear n take them to court.tovface all charges.for istance where all the gains frm PP exercisebeing used for!
SC should change the rule. Those not attending and fill proxy form should consider automatically a NO vote otherwise the management manipulate since they know almost all shareholders hardly respond to AGM or EGM.
No. 8 champion... Where got so much money to buy share. All employees so rich? Lol...
JackMa123 Dulu aku peringatkan rakan2 semua.... Itu cronies dok cakap 1. hater la 2. buy when people in fear la 3. The most cheap glove stock in the world la 4. Why we are here to comment if dont buy la 5. Production line complete la 6. More private placement that mean good la 7. Private placement done at rm0.16, can sapu if beyond that price la. 8. ESOS that mean good future give ESOS to employees la. 9. Dont look back old story la, now board want to diversify business la. 10. ........macam2 dia orang tipu. Sekarang siapa hantu, u all sendiri fikir la.
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....
myboss
104 posts
Posted by myboss > 2021-04-19 01:09 | Report Abuse
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