Be patience..... hold tight whatever price you have... wait till the our leader market recover... the blue chip recover... then here will shoot again....
The wc can convert to mother share by top up only 0.20cents , so cheap ! and those with wc will make another 20 cents if you dont underdtamd ! what l mean is mother share goto 40cents at the time you convert.
Dont buy son, buy mother...i am super collecting... lowering my average price. What ever down will go up espc after AGM. Good news coming. Cross finger
Most of time when the price is going up, there have been always transactions to make the price down? ...why? it is because of targeting the price for PP?
Outcome of Meeting: The Board of mTouche Technology Berhad (?mTouche? or the ?Company?) is pleased to announce that the resolution as set out in the Notice of the Extraordinary General Meeting (?EGM?) of the Company dated 29 August 2020 was duly passed as Ordinary Resolution by way of a poll at the EGM of the Company held on Monday, 14 September 2020 at 11.00 a.m.
PRIVATE PLACEMENT OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF MTOUCHE ("PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that the Board had on 14 September 2020 resolved to fix the issue price for the Private Placement at RM0.0608 per Placement Share.
The issue price of RM0.0608 per Placement Share represents a discount of 20.0% to the 5-day VWAP of mTouche Shares up to and including 11 September 2020 of RM0.076, being the last traded day of mTouche Shares immediately preceding the price-fixing date.
I wonder if Regal Orion has subscribed for the pp. If they did, they have got 30% of a relatively clean listed company on the cheap, compared with what it would have cost to buy GPA, a car battery trading business.
In fact, Orion Regal's data centre business would suit mTouche very well, because the business relating to running a data centre is within the ambit of mTouche, as noted in the latest annual report:
"Our core business activities include:- (i) mobile applications and related technology services ... based on wireless and internet technologies; (ii) research and development (“R&D”) of software and provision of software maintenance and support services; and (iii) managing computer data, data processing, data storage, systems design and analysis."
It would therefore make a lot of sense if they did. It seems the needs of Regal Orion in establishing a data centre fits like a glove to the services mTouche provide.
Also, Regal Orion could get an immediate positive return on their investment when the share price of m Touche takes off upon release of this information.
The pp arrangement must probably be completed by now and awaiting the timing of release of the info to the market. It would be interesting to see if this comes to pass. Let's hope it does.
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....
freddiehero
16,722 posts
Posted by freddiehero > 2020-09-09 16:54 | Report Abuse
all the best.. my shooting star