I strongly believe that there will be a rebound, but i have no idea whether the share price will go up or down. This share is covered by public investment analyst and i often heard ppl say do not trust wholly on analyst report, now i finally know why. How can the analyst not foresee Daya shareholders' equity is lower than 25%? I am disappointed. However, i do not blame them because buying and selling is our own choice. Lesson learnt: do more own research before buying and do not trust analyst even though they spend whole day studying the stock they cover.
I have been monitoring this DAYA for about 2 weeks, there are high buy vol at 0.035 or lower but transaction done at this price is very low vol, this means many are holding their shares and not letting go. In contrast, many are trying to collect at 0.035 but couldn't get it... does everyone agree?
Thanks Ivy for your agreement. So many have confident in DAYA and trust that it will come back strong in the coming quarters despite of PN17 news. Hope it will fly high when the next QR shows good financial performance.
"Daya announcement : We refer to the announcements dated 22 November 2017 and 30 November 2017 in relation to the Proposed Private Placement.
We also refer to the announcement by the Company on 28 February 2018 that it has triggered the prescribed criteria pursuant to paragraph 8.04(2) and paragraph 2.1(a) of Practice Note 17 under the Main Market Listing Requirements of Bursa Securities.
In view of the above, HLIB, on behalf of the Board, wishes to announce that the Board has resolved to abort the Proposed Private Placement and will focus on a regularisation plan to address its financial condition .
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