This fellow CCPuan does not know how to do business and make money for the past 10 years, don’t ever expect him to be suddenly able to have the skills to make money.
He himself kena margin call for gpacket, yet announced in market he wanted to acquire lost making G3 shares from Gpacket. Haha. Only fools believe him.
Blockchain is the future , so far has been proven else where. This is not the same as P1 era. Looking as CCP history, he got the technopreneurship. Wish him success this round and so as the minor shareholders lah.
Avoid companies with apparently "good" plans ,but no positive results. Share price keeps on dropping. Look like cc also join the sellers. Mana ada harapan!
The business proposal may look good but there is big doubt over the creditability of the management and owner particularly why is he selling aggressively recently if he believes the future prospect of business is good. Big question mark but no answer.
Without prejudice. The licence is issued by Labuan financial offshore authority to Green packet for their advisory platform investment into block chain and digital assets {eg. crypto currency } . Conditional approval pending setting up the required processes and platform. A full operating licence will be issued after fulfillment of all the organisation regulatory activities. This is not a digital bank licence issued by Bank Negara.
I no longer hold gpacket. Just sharing my view. conditional approval is very common in banking and financial services industry. money match, also was operating on "sandbox" for some time before granted approval. And recently the vsure that Revenue invested 25% stake, also just entered sandbox. Kind of like a probation period to proof the business operating model, when all paperwork is already approved.
Private wealth is a profitable segment. Unlike consumer end (which hv to burn a lot of money to acquire customers and make small gross margin). Citibank also divested consumer business and focus on private wealth for HNW
Asked oneselves . Would you put in $1 million { minimum HNWI } individual account into a big advisory firm with ties to a banking group { eg Kenanga investment, Maybank private wealth or Citigroup etc } with proven track record Or put the money in a new start up ? based in Labuan
He wanted to keep. but bank force sold his shares to open market. Who can absorb this large chunk of shares? It must be kontra kaki who bought from him. It's viscous cycle. More throwing is expected as margin shrunk.
Posted by prudentinvestor > Aug 27, 2021 6:42 PM | Report Abuse
Selling tens of millions of shares at below 20 sen a share, he must be desperate.
Green Packet once was few ringgit per share, but always can't make a profit. Track records for years are not inspiring. Many friends got burned buying this jinked counter.
Con job, they should have sold G3 earlier when it traded high but using option to sell to Ccpuan. Guess they buy time so allow private proxy to sell first and let GP take the loss
Margin call n force sell against major shareholder is actually good news for retailer to enter at a good price.....Like awantec last yr......For gpacket,....
Don't do this suicidal move. Awantec has strong management team which is capable to turnaround. This gpacket has no hope.
Posted by didi7349 > Aug 27, 2021 10:10 PM | Report Abuse
Margin call n force sell against major shareholder is actually good news for retailer to enter at a good price.....Like awantec last yr......For gpacket,....
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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....
abang_misai
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Posted by abang_misai > 2021-08-26 07:30 | Report Abuse
This fellow CCPuan does not know how to do business and make money for the past 10 years, don’t ever expect him to be suddenly able to have the skills to make money.
He himself kena margin call for gpacket, yet announced in market he wanted to acquire lost making G3 shares from Gpacket. Haha. Only fools believe him.