Its good that all are so scared of GP. This way only the price will go up slowly and not jerking up and down like yoyo. Its a good start. But like i said, execution is more important to just announcement.
Striker bro, congrat! Hope u just hitbthe jackpot! All the best!
I run a small business and we have credit card machines. Due to the pandemic and MCO, we plan to have digital payment system. We studied few existing service provider and contact KipleBiz. I will say their service is ok and we will engage them. KipleBiz is working together with Bank Islam. We will probably engage their payment gateway for website and one click payment send by WhatsApp or Email.
I think we will agree that digitization is the trend and GP will definitely benefit from the trend.
Great move, contribute back to society and make news on the initiation. One key note inside, they been together when travel to China for business tour when PH stil the gov together with Ex PM and ministers. Why GP is there back then?
Must clear 27 million newly listed share so expect drop in morning and only when this big block clear in afternoon will move. Most likely trend like last Friday..
This batch is 5x more than the listing size on last Friday, hope that there is no more new conversion which form a selling resistance to the price movement
I saw a very funny comment yesterday,someone said cc puan will sell at 0.75 after he purchased at 0.65,laugh die me hahaha if he wants to do so he could have sold 20 million shares(less than 10% of his holding) around $1.50 which i think easily absorbed by the huge trading volume.He didn't sell at $1.50 why sell at 0.75?.Some more he spent another few millions to buy in.This is a very simple hint!
Apparently, the conversion percentage is still low. More to come next week. faster finish the conversion, faster finish its plan. Plus waiting some groups get con by the premium warrant to cut loss and cc to buy in low to up his shareholding . seems not so much hope to fly higher next week. Haizzzzzz
for investor side, we just wait and see this company “ Good News” is + way to company or not...we just see CCP team can have a good plan for turn GP to profitable...
I am amazed at the ability of Green Packet to continuously raise funds. At least this one looks more promising compared to all their ventures over the years.
"To recap, Green Packet is in the process of making a 10% placement of its shares".
My next prediction: The share price won’t move too over before the 10% private placement is done. Just imagine when share price was hit 1.60 one mth ago, impossible PP carry out any point with too much discount. As this is not the sustainable way to up the price. Ppl will query why new shareholder can take 10% pp with no premium, and this will drop investor confidence.
As the Cloud partner aldy confirm and public announced, my advise to the boss. If possible pls do not delay too long on the pp finalists announcement and price deal.
@ Striker90 Very well analysis at the angle of 10% pp fund raising , another issue is if u r the banker would u push the price sky high for the stake holder of newly converted share to escape? Remember that the listing is 27 million share , 5 times of Friday listing.
No doubt if without the PP & overhang of warrant converted share the price will sky rocket when market open with this good piece of news but...hope all these information is useful & help investor to make money from market. To buy or sell final decision is yours.
Why we keep thinking The 27m converted warrant will be sold off on Monday? And part of this 27m may be from some real long time investors that aw the warrant was at the low and bought at below 30 sen and convert so as not to spike up the mother price too much?
Can also some investors taking a stake thru the conversion. There are many possibilities and we can hope guess and guess.
Lets wait and see if the 27m on Monday depresse the price further or stay flat or up it? This will be an interesting scenario we are all expecting to see.
Anyway, is just bad timing where GP going early stage of booming. Do you ever see such high vol of WA convention when the WA still have more than 3 years for maturity? It’s good to provide cash flow to the Company for coming Capex, also showing the company got potential to worth for the conversation. As global economy outlook going to be very fluctuated in coming week to months. I can only say buy low sell high and do not chase high. If you really long term then can break ur bullet to few stage for safe level entry. No one can know where is bottom, but 0.40- 0.70 definitely safest entry point
By the way, CC always like to show he got at least another 20 M cash in the buy queue to support the share price. This GP can’t go too low either, as the new PP need to bring in more cash for the company.
If based on the 'Good news' and announcements, e-payment, Ai etc of company direction GP is a potential company to invest. Hopefully tomorrow jump up and no more price slips down issue.
For those chasing warrant when mother share price at peak and now converted will sell at a losing price..just wonder the warrant converter is mainly retailer or corporate player. I think the price pushing is in the plan for fund raising & hope that the conversion will stop soon.
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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....
Striker90
2,617 posts
Posted by Striker90 > 2020-06-13 14:49 | Report Abuse
一个股票,有人赚钱有人输钱,很正常,多说无用,学习吧