warrant price still 23-23.5sen, if GP isn't at 63.5-64sen, the warrant is useless at this moment. out of the money. but why only mother share fell.... forced sale by banker for margin players or syndicate play
notice that volume have been a lot for a few days. 100m, 70 mil today 70mil now.
i think they are collecting a lot to push up later during the release of the QR.
why?
i think this QR will be good.
this is because their kipleLive devices have been selling like hotcakes since the mco started
look at their news section and u will know what i am talking about.
10000 units sold out a month ago.
if u have been to a supermarket u will have noticed a small ipad like device to measure your face temp. this is their kiplelive thermal device. and they have been installing in malls, schools, airports, hospitals.
the cheapest one is rm6800, then rm20000 to rm80000, then to a few hundred k
they are installing a lot in schools now, and plan to aim for 10,000 schools.
imagine about 4 units for 10,000 schools. to scan students, teachers etc. means 40,000 units! what about the other higher range kiplelive devices? in malls, hospitals? airports?
thats why i think this QR will have a major revenue and profit. how much i dunno
thats why 100m is bought by someone for 80c. nothing is what it seems.
btw the private placement is only 10% of outstanding shares. not a big deal. only 10% dilution. and it is only until sept 2020. long time to go
i think gpacket will go up to rm1. otherwise why buy at 80c? CEO himself added 5mil shares at 67c
trust puan could find buyer to acquire GP, still remember P1 sold to TM for few hundred million ringgits. puan started buying this month, 10mil shares +++ acquired this month
Shareholding Changes Date of change Shares Director/ Substantial Shareholder 23 Jun 2020 Acquired 5,000,000 MR PUAN CHAN CHEONG 23 Jun 2020 Acquired 5,000,000 MR PUAN CHAN CHEONG 19 Jun 2020 Disposed 100,000,000 SUMMIT SYNERGY LIMITED 19 Jun 2020 Disposed 100,000,000 KENDALL COURT MADAM LIMITED 12 Jun 2020 Acquired 3,851,900 MR PUAN CHAN CHEONG 12 Jun 2020 Acquired 3,851,900 MR PUAN CHAN CHEONG 12 Jun 2020 Acquired 5,000 MR BOEY TAK KONG 11 Jun 2020 Acquired 2,500,000 MR PUAN CHAN CHEONG 11 Jun 2020 Acquired 2,500,000 MR PUAN CHAN CHEONG
22 Jun Green Packet shares cross at premium to market 19 Jun 6% stake in Green Packet crossed off market at price higher than today's... 18 Jun [Alex Lu] GPacket: No Hurry to Sell moneyKing 18 Jun Green Packet buying volume expanded, says AllianceDBS 18 Jun HCTM UKM ties up with Green Packet on AI scanner 17 Jun Green Packet deploys KipleLive thermal scanners at UKM hospital 17 Jun Green Packet acquisition of e-KYC firm drives investor frenzy 17 Jun Quick take: GPacket shares up 6% on acquisition of e-KYC firm 17 Jun Trading ideas: Hengyuan, Magnum, BToto, YTL Corp, XOX, GPacket, BHIC 17 Jun Green Packet buying e-KYC specialist firm 17 Jun Green Packet, BHIC, Allianz, KNM, Vsolar, OpenSys, Magnum, BToto, Hengyuan, YTL... 16 Jun Green Packet buys e-KYC firm in bid to be full-fledged digital bank 16 Jun Green Packet acquires e-KYC specialist firm
History repeat n repeat, same style,same tactic, same operator, same off shore IB, and yet can catch many local traders, sifu, season players, experience remisier, , old victim ,new victims !!! Same same as happened before like sersol, patimas,netx, puc,php, vc,dgb,pworth, etc etc .........
Reference to keni371 comment : " i believe we shud see huge conversion of warrants much later when the interest of gp mother shall have subsided. At present situation, owner want to sell mother shares as much as they can and use the sale proceeds to exercise warrants (probably some has been done to prop up balance sheet). if not mistaken from memory, owner controls 80-90% of shareholdings."
My view: Out of the 450m WB (3 free warrants for 1 right subscription, issued in late 2018), some 100m WB had been converted when the mother share price were pumped up giving innocent public investors the impression that it would be very profitable for them to buy the WB and then to convert them into mother shares which they could sell at a huge profit. This recent conversion 100m WB conversion already make GP about 100m 0.40 = RM40m richer in cash. Unfortunate for the innocent public investors as they would not have enjoyed much benefits if any . This is because as conversion took about 2 weeks during MCO and the GP share price declined very fast after 18th May 2020. The insiders would have unloaded most if not all their free warrant B at very attractive 40 cents - 55 cents. They would not likely want to subscribe themselves because 40 Cent + jacked up WB market value is not something they would do. They want the public to pay money into the company to finance the loss making business. At the rate GP make losses in 2018- 2019, RM40m is enough to last two years of operation ! Did puan puan and tuan tuan substantial holders convert ? The answer is no as it would be announced. They probably own very few WB at this point in time. The public bears the burden of buying over their free warrants and then pay another 40 cents into the company ! Cruel perhaps, but that was the game. I think episode one of the game is over and the innocent public investors are now left to bleed especially if they had borrowed money to invest.
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....
Victor Yong
8,271 posts
Posted by Victor Yong > 2020-06-25 14:46 | Report Abuse
A lot of direct biz transactions in June 2020 :)
History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
24/06/2020 00:00:00 0.6700 -0.0050 868,000 868,000 581,560 581,560 0.6700 0.0860 -
22/06/2020 00:00:00 0.6700 -0.0200 13.000m 13.000m 8.710m 8.710m 0.6700 1.2888 -
19/06/2020 00:00:00 0.8000 0.1050 20.000m 60.000m 16.000m 48.000m 0.8000 1.9827 -
19/06/2020 00:00:00 0.8000 0.1050 20.000m 60.000m 16.000m 48.000m 0.8000 1.9827 -
19/06/2020 00:00:00 0.8000 0.1050 20.000m 60.000m 16.000m 48.000m 0.8000 1.9827 -
18/06/2020 00:00:00 0.8000 0.0900 20.000m 40.000m 16.000m 32.000m 0.8000 1.9833 -
18/06/2020 00:00:00 0.8000 0.0900 10.000m 40.000m 8.000m 32.000m 0.8000 0.9916 -
18/06/2020 00:00:00 0.8000 0.0900 3.000m 40.000m 2.400m 32.000m 0.8000 0.2975 -
18/06/2020 00:00:00 0.8000 0.0900 3.000m 40.000m 2.400m 32.000m 0.8000 0.2975 -
18/06/2020 00:00:00 0.8000 0.0900 2.000m 40.000m 1.600m 32.000m 0.8000 0.1983 -
18/06/2020 00:00:00 0.8000 0.0900 1.000m 40.000m 800,000 32.000m 0.8000 0.0992 -
18/06/2020 00:00:00 0.8000 0.0900 1.000m 40.000m 800,000 32.000m 0.8000 0.0992 -
17/06/2020 00:00:00 0.8000 0.1200 5.000m 10.000m 4.000m 8.000m 0.8000 0.4967 -
17/06/2020 00:00:00 0.8000 0.1200 5.000m 10.000m 4.000m 8.000m 0.8000 0.4967 -
16/06/2020 00:00:00 0.7000 0.0400 3.245m 3.445m 2.271m 2.412m 0.7003 0.3231 -
16/06/2020 00:00:00 0.7050 0.0450 200,000 3.445m 141,000 2.412m 0.7003 0.0199 -
05/06/2020 00:00:00 0.7100 - 1.690m 3.866m 1.200m 2.745m 0.7100 0.1769 -
05/06/2020 00:00:00 0.7100 - 854,700 3.866m 606,837 2.745m 0.7100 0.0895 -
05/06/2020 00:00:00 0.7100 - 1.321m 3.866m 938,052 2.745m 0.7100 0.1383 -
02/06/2020 00:00:00 0.7700 -0.0800 2.214m 4.014m 1.704m 3.090m 0.7700 0.2362 -
02/06/2020 00:00:00 0.7700 -0.0800 1.800m 4.014m 1.386m 3.090m 0.7700 0.1920 -
01/06/2020 00:00:00 0.9300 0.0950 500,000 500,000 465,000 465,000 0.9300 0.0533 -