Posted by Ppmaster > 2020-12-14 10:01 | Report Abuse

Many people trap 0.12 above, all suffer now

Posted by Ppmaster > 2020-12-14 10:02 | Report Abuse

Wont push up the price let you all run.

Posted by Good123 > 2020-12-14 10:07 | Report Abuse

Distribute COVID 19 vaccine should be next, also got agreement with ipharmacare:)

OTHERS MLABS SYSTEMS BERHAD - DIGITAL DISTRIBUTION AGREEMENT WITH MTOUCHE INTERNATIONAL SDN. BHD.
MLABS SYSTEMS BERHAD

Type Announcement
Subject OTHERS
Description
MLABS SYSTEMS BERHAD - DIGITAL DISTRIBUTION AGREEMENT WITH MTOUCHE INTERNATIONAL SDN. BHD.
The Board of Directors of Mlabs Systems Berhad (“Mlabs” or the “Company”) wishes to inform that Mlabs Research Sdn. Bhd. (“Mlabs Research”), a wholly owned subsidiary of the Company, had on 19 November 2020 entered into a Digital Distribution Agreement (“Agreement”) with mTouche International Sdn. Bhd. (“MISB”) to promote, market, and distribute Novel Coronavirus (SAR-CoV-2) RP-PCR Detection and Diagnostic kit and Novel Coronavirus (SAR-CoV-2) lgM/lgG Rapid Test Kit, and other equivalent products in Malaysia and South East Asia Region only through Mlabs digital distribution channel.



MISB is a wholly owned subsidiary of mTouche Technology Berhad which the group is engaged in the provision of mobile value-added services and digital medial marketing to more than 40 mobile network operators, who are reaching out to more than 640 million subscribers throught its operation in South East Asia market and Hong Kong.



The Agreement is to a period of one (1) year, commencing on and from 19 November 2020, unless otherwise mutually extended or terminated. Either party may terminate the Agreement upon delivery of written notice at least 30 days prior to such termination.



The Agreement will not have any effects on the share capital and shareholding structure of the Company. However, it is expected to have positive contribution to the earnings and net assets of Mlabs Group.



Similar to all business entities, the risk factors affecting the execution of the Agreement, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the Agreement and will take appropriate measures in planning the successful execution of the Agreement.



The Agreement being incurred in the ordinary course of business, is not subject to the approval of the shareholders.



None of the Directors and/or other major shareholders of the Company and/or any persons connected to them have any interest, direct or indirect, in relation to the Agreement.



The Board, after due consideration, is of the opinion that the Agreement is in the best interest of the Group.



This announcement is dated 19 November 2020.

Posted by Good123 > 2020-12-14 10:10 | Report Abuse

The rich / upper meddle class in Malaysia may get their vaccine for COVID 19 through various means probably, the govt intends to cover less than 50% of the population especially for the frontliners first

Posted by Rajuan_Singh > 2020-12-14 10:16 | Report Abuse

Son good run....

Posted by Good123 > 2020-12-14 11:00 | Report Abuse

The purpose of consolidation is to be above 10sen++ just wait n see

Posted by Good123 > 2020-12-14 11:01 | Report Abuse

Good news should be otw e.g, reputable new substantial shareholder + update on new projects + acquisitions if any

Capital restructuring done ~rm100mil cash n cash equivalents just stay calm, be cool :)

Posted by Good123 > 2020-12-14 11:03 | Report Abuse

Limit up for mlabs is nothing new, sabar ya :)

Posted by Good123 > 2020-12-14 11:19 | Report Abuse

Foresee, after making enough money from warrants today, ordinary share price should move upwards rigorously. Fingers crossed :)

Posted by Good123 > 2020-12-14 11:23 | Report Abuse

Expecting the major shareholders to sell warrant later and use it to but more ordinary shares.

Posted by Good123 > 2020-12-14 11:25 | Report Abuse

Exercise price for warrant is 9sen + 3sen market price =12sen, to be in the money, ordinary share price mesti 12.5sen haha

Posted by Good123 > 2020-12-14 11:25 | Report Abuse

Beli syer biasa jika mau melabur dalam mlab bukan warrants :)

Posted by Forkallthehatersaway > 2020-12-14 11:41 | Report Abuse

Diam larh good123 hahahah ady spent ur life wasting at permaju now converting to mlab, laugh die

Posted by CityHuntEr > 2020-12-14 12:02 | Report Abuse

Credit s throw a lot...borrow money subcribe ri...hahah

Posted by PrinceofIpoh > 2020-12-14 12:07 | Report Abuse

What does it means bro?

Posted by CityHuntEr > 2020-12-14 12:10 | Report Abuse

Means 106% subcribe mostly eat by credit s lah...and now they vomit d....hahaha...

Posted by CityHuntEr > 2020-12-14 12:13 | Report Abuse

Tan shit ate and fren ask credit s to eat ri but have to pay off 1 la...where got free lunch?

Posted by CityHuntEr > 2020-12-14 12:14 | Report Abuse

Borrow money have to pay interest 1....more u borrow more interest have to pay...and now have to reduce the borrowing figure and interest kut...

Posted by sengkee > 2020-12-14 12:17 | Report Abuse

come on .. Please throw at 8 sen.. my cost price will be lower than those subscribed the RI & get free Warrant.

Posted by Good123 > 2020-12-14 12:18 | Report Abuse

Market cap ~rm70m, cash n cash equivalents~ rm100m after RI

Posted by PrinceofIpoh > 2020-12-14 12:18 | Report Abuse

I see... Logical.
Looks like need wait longer then

Posted by Good123 > 2020-12-14 12:19 | Report Abuse

Hope to see takeover offer for mlabs soon :)

Posted by sengkee > 2020-12-14 12:19 | Report Abuse

Waiting for my 8 sen mother share & 2 sen of WC.. Will be cheaper than those bought the OR and subscribe it

Posted by CityHuntEr > 2020-12-14 12:24 | Report Abuse

Bought or 0.005+0.09=0.095 only leh bro...and some of them sold out this morning d lo...0.025 warrant and 0.09 mother shares....

Posted by PrinceofIpoh > 2020-12-14 12:26 | Report Abuse

Hunt3r. What do you think on their next game plan?

Posted by CityHuntEr > 2020-12-14 12:28 | Report Abuse

Tan shit ate where got plan 1? Lol...he simply make us a stranger....hahaha...but i suggest hold for 1 or 2 months

Posted by sengkee > 2020-12-14 12:29 | Report Abuse

Those managed to sell when opening, earn some small profit. But If we manage to buy 8 sen & 2 sen, then will be lower than them

Posted by PrinceofIpoh > 2020-12-14 12:31 | Report Abuse

Rupanya credit s subscribed all RI. Then now throwing. Cheaper than RI. Then people buy. Tan shit ate and frens no money push nampaknya.

Posted by kevinchong > 2020-12-14 12:34 | Report Abuse

I'm sold all de,hope less this share

Posted by CityHuntEr > 2020-12-14 12:37 | Report Abuse

All of them r wall street rejected...hahahaah....still using the old school method....have to keep some patience to wait for the toss...either be the prince or villain

Posted by PrinceofIpoh > 2020-12-14 12:38 | Report Abuse

Stranger or stronger? Tan shit ate needs sold out his own shares one. Need wait that time

Posted by CityHuntEr > 2020-12-14 12:43 | Report Abuse

Stranger la...tan shit ate dont even know who the hell u r after u subcribed the ri...we r in his pocket now...

Posted by PrinceofIpoh > 2020-12-14 12:44 | Report Abuse

Need to keep some patience to wait for it man. Tak sangka they really use old school method, maybe you are right need to wait for the flip.

Posted by PrinceofIpoh > 2020-12-14 12:45 | Report Abuse

Tan shit ate looks not stupid but use this method. Maybe really wall street rejected. This is like the zaman kuno bursa saham d..

Posted by CityHuntEr > 2020-12-14 12:47 | Report Abuse

Property counter method...

Posted by PrinceofIpoh > 2020-12-14 12:48 | Report Abuse

Ya lor. You are right. Normally kena wait about 1-2 mths.

Posted by fl888 > 2020-12-14 12:59 | Report Abuse

Some bought OR at 0.5-1.0cts....are squaring off to make simple profit....RI 9 plus say 1 cts....total cost 10..../now sell. All at 9cts plus wa2.5=11.5....total profit better than Bank of 1.5cts....but big boys are collecting these few coming days before they announce big contracts with the company RM80 million cash and no debts at all....pump Mlabs up anytime

Posted by Huitan > 2020-12-14 13:02 | Report Abuse

Later dierctor invest in video conferencing apps, need 200m to do the apps. They need to ri again, because not enough money.
All handome boy and pretty girl will support mlab, subscribe ri again.
Most important is the app company belong to director wife , and all money goes to director pocket. Wahaha.
What can you do??

Posted by Huitan > 2020-12-14 13:03 | Report Abuse

That why i said, all the ri that boss subscribe is free, at last money will trun back to director again.

Posted by PrinceofIpoh > 2020-12-14 13:32 | Report Abuse

Looks like the way it is. Big boys are collecting wa and spooked the guys to sell off wa

Posted by CityHuntEr > 2020-12-14 13:37 | Report Abuse

There will do impairment somo hahaha...

Posted by CityHuntEr > 2020-12-14 13:40 | Report Abuse

That prof seem do nothing 1...otherwise wont sold off his share several years ago...everybody know the facts...but we still want to toss the dates and c the results....hihihihi....we r human instead...

Posted by PrinceofIpoh > 2020-12-14 13:49 | Report Abuse

That prof only sit in penang. Do ntg one. Keling is like that. In agm only show his face thru online ni. I really duno why he is there.

Posted by Good123 > 2020-12-14 13:59 | Report Abuse

Keep the ordinary shares n sell the warrants

Posted by Good123 > 2020-12-14 14:00 | Report Abuse

Wait for the announcement for new substantial shareholders like netx , maybe mini version mgmt buyout like netx

Posted by Good123 > 2020-12-14 14:01 | Report Abuse

Credit suisse already on Board in netx , maybe mlabs too

Posted by Good123 > 2020-12-14 14:02 | Report Abuse

Cash n cash equivalents now after RI ~ rm100m > Market cap ~RM 70m

Posted by Citadel12 > 2020-12-14 14:14 |

Post removed.Why?

Posted by Good123 > 2020-12-14 14:21 | Report Abuse

Bought ORs n subscribe For RI. Sold warrants n keep mlab Ord shares haha

@
Citadel12 how much and what price u bought good123? haha promote non stop sure loss 99
14/12/2020 2:14 PM

Posted by Good123 > 2020-12-14 14:30 | Report Abuse

Value buy for mlab ordinary share around right issue price :)