i bought 0.02 two weeks ago and cut lost this morning at 0.015. I am not sure i had made the right decision or not. my calculation is like this. let say we buy 100 lot at 0.02 means invested RM 2000. after consolidated 100 to 1 means we are holding only 1 lot of share. that means new share shall price at RM 2.00. Possible ?
No point to buy also if drop to 0.005. for 100 lot you invest RM500. after consolidated you hold 1 share. means new share shall price at RM 0.50. not easy, right ?
i can feel that the existing major share holder don't have intention to rescue this company and let it died by itself (delisting). Is just someone make use of this company to do backdoor listing. supposedly he don't have to pay any amount to take over this company. i guessed 100 to 1 means he honoured the existing share holder with 1% on the paper value of 0.005. Probably i am wrong. This morning i also queue 1000 lot at 0.005. i am not sure should i continue to queue at 0.005 or not
1 thing in my brain, with this company with subsidiaries over 15, if rili bankrupt or close shop, many ppl r losing job. tats the things mKe me confidence it will coming back..
No one can predict. the news came out on 31/12/2020. supposedly today big dive but surprisingly it still holding at 0.015 and some more hit 0.02 daily high.
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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....
Lukesharewalker
6,513 posts
Posted by Lukesharewalker > 2021-01-04 09:18 | Report Abuse
Consolidation 100 to 1, wait for 0.5 cents