Puan can be buying 2.5m shares today and slowly liquidating 10-20m shares over the next few days.....so, think about it....dealing with securoties doesnt mean just buying.....
If he want to sell down will spoil his reputation for fund raising as a private placement of 10% is in progress ..furthermore he had dispose all his warrant as announced in 2019. His share holding will make him richer if the co share price increase in value. Just watch for the support level of 69.5 sen if it hold well then it is good for reverse trend . Just my 2 sen opinion...
Haha, I said I yesterday afternoon. So the TA guys sure run today one round. Who else? Those smaller shark with no holding power especially with Margin. This round of dropping might not as drastic as Feb, but most likely will happen over next week
still have >350mil Warrants to be converted. dulu, shareholders dapat Warrants percuma. pay 40sen to exercise , Jual 50-60sen juga untung 10-20sen quick profit , bukan?
if QR reports a big loss plus continuous conversion of Warrants, these things could send the price to below 50sen back. this message s a risk to bear for investors
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....
KK
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Posted by KK > 2020-06-11 18:20 | Report Abuse
Good that MD CC Puan inject confidence to the market ..he is running the business so he is fully aware on the potential of the company