Its now in situation where no one want to dump at 0.095, and buy vol too small at 0.100 cause no catalyst as yet...hope afternoon will see some light as its green today...
Did you see the vol movement? Suddenly sell @ 0.100 all exhausted to 400 lot level, and suddenly increase back again...there is always vol throwing at 0.100 ... O.O?
the big fishes bought this stock at 0.14-0.15... I don't think it will drop further... the company had also purchase some amount of stock into treasury... I think they are forcing people to sell their stocks and later shoot up non-stop... tp 0.5 by dec 2014
I lent him money to come into company as a strategic investor, says Chong
PETALING JAYA: Protasco Bhd’s boardroom tussle shows no sign of abating despite both parties having filed lawsuits against each other, with more allegations being brought up in public in the run-up to the EGMs on Nov 26 and Nov 28.
Accused of making RM10 million in secret profits from the collapsed Indonesian oil and gas venture, Protasco‘s executive vice-chairman and group managing director Datuk Seri Chong Ket Pen, who called for a press conference yesterday, revealed that he and Tey Por Yee were in fact business partners before the fallout between them.
Chong told reporters yesterday that the RM10 million Tey claims to be financial gains from the aborted PT Anglo Slavic Indonesia (PT ASI) deal is in fact part repayment of a RM20 million loan to Tey by Chong, in a bid to bring the low-profile businessman in as a strategic investor in Protasco.
He said the money given to Tey in December 2012 was to help him secure a short-term loan to complete his purchase of Protasco’s shares.
“At that time, I viewed him (Tey) as a strategic investor that would benefit the group, and (so) I agreed to help him organise the loan for RM20 million,” said Chong.
Tey emerged in Protasco in late 2012 and is now the second largest shareholder with a 17.69% stake.
Chong’s press conference came after Tey took out an advertisement in selected newspapers last Friday, presenting a chart of the alleged RM10 million secret profits obtained by Chong.
According to Chong, Tey has repaid RM10 million of the loan to RS Mahaniaga Sdn Bhd, with another RM10 million outstanding.
“I lent him the other half via JF Apex Securities Bhd through a margin financing facility in my own name. The loan was secured using my own Protasco shares and my personal guarantee,” Chong told pressmen at the meeting he chaired together with his legal counsel Lionel Lau of Millennium Associates Sdn Bhd.
“The RM10 million under JF Apex is still outstanding,” he noted.
Chong has a made a police report against Tey’s claim that he made secret profits from the aborted PT ASI deal.
“I will definitely sue Tey but not now,” Chong said, adding that the focus now is to recover a RM50 million deposit Protasco paid for the failed PT ASI takeover deal.
Chong claimed that the suit filed by Tey though his company Kingdom Seeker Ventures Sdn Bhd (KSV) was “manipulative and aimed at confusing and misdirecting people”.
Tey, in response, said yesterday that Chong’s claim that he had borrowed RM20 million from him and RS Maha Niaga was “downright untrue and unsubstantiated”.
“If it is true, Chong should provide the agreement to back his claims. The only loan that Chong has given is RM10 million and it was to Kingdom Seekers. We have a loan agreement drawn up and I will be happy to make it public to substantiate this,” he added.
Tey said that under the terms of the loan agreement between Chong and Kingdom Seekers, the repayment of the loan was subject to the PT Anglo Slavic Utama (PT ASU) deal going through, that is, seven working days after completion of the PT ASU deal, Kingdom Seekers will return the RM10 million to Chong.
He said in the loan agreement, Chong had agreed that Kingdom Seekers could appoint an executive director to the Protasco board.
Thought of sharing something, a guy told me that the person who keeps selling at 0.1 is practicing "fake que"
"Fake que is an act to induce people into selling or buying....Who practice this? ~ Big Players....therefore...when Fake Que appears...means Big Players are in it.......
How & When? ~ Big players are always the one who scooped up shares during the point when market turning from bad to good... usually when retail investors are in Fear or sidelined....therefore...their costs are always very low.... Big Players will continue to collect from time to time (it's call "process of buliding") until their holdings are large enough to enable price control....
Fake que (both BUY and SELL) could happen in 2 scenarios.....
1) During collection period (Phase 1 & 2)....Example: how do I induce you to sell?....I will stop you from buying up by setting a road block.....and I will create a situation to make you feel that a lot of people are selling...and it must be bad !...so, you scare and you throw at loss...and I collect at cheap.......
2) Halfway during a bull rally (Phase 3)...Example: How do I offload my holdings at high after few rounds of buying up?...I will stop you from selling down by setting a road block...and I will create a situation to make you feel that a lot people buying....and price will rocket up !...so...you become very confident and keep buying up at higher price...and I sell my shares at high........"
This is a good company, i bought 14 average. Market correction it goes down and now building base before can move again. Partly blame the old man in Protestco drag everyone into his personal fight. Crazy fella.
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....
chebicef
174 posts
Posted by chebicef > 2014-11-10 10:05 | Report Abuse
who's selling at 0.1 f$%k!