When old boss sold mother share in Jun . Later in july break out 20sen. Last wk sold wb. Break 31.5 sen. He sold 20 million wb at 4 sen. Now 10.5 sen. The more he sold, higher it goes. Who grab those wb? He is slowly exiting , and new management taking over.
No sifus or Group promoting this old stock. Not even top 10 hot stock. Only 1 or 2 person sharing view here . Could be the lowest publicity syndicate macai promoting. Not even 1 article written on i3. So whos promoting?
1. Entice investor to convert wb to get extra funding and unlock potential value.
2. Expansion to northern (benefitting from semiconductor expansion in Kulim and Penang) and southern Malaysia. Benefiting from ATAS image as listed company comparing to the past(RTO in disguise). Can attract more business. Aim to achieved 500 million to 1 billion annual revenue
3.Transfer to Main board. Change name to Evermix for a new image. (probably RM1.00 above) Fund can invest as no longer ACE and non penny stock. Healthcare turn around will propel former business to bigger profit from slim profit (still profitable).
4. Evermix bosses investment will appreciate 4 x from 32 sen and below. Long term loyal investor will benefit as well.
Note: This is long term view, not constituting short term punting decision. TaYOR
If investors are confident with Escream.. accumulate the warrant will be the right choice but it doesnt go that way... so don't think this counter will have bright future...my 2 cents and might be wrong
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....
nicky
3,355 posts
Posted by nicky > 2023-08-02 15:12 | Report Abuse
Hope it wont move like yesterday afternoon session opened high closed low