Posted by acahsmartinvestor > 2020-07-01 11:44 | Report Abuse

Lets sapu together at the bottom to RM 1

Posted by CUTLOST > 2020-07-01 12:01 | Report Abuse

Next tp 11cts

Posted by Jackma99 > 2020-07-01 12:25 | Report Abuse

Keeping laosai konek

Posted by Shines > 2020-07-01 13:25 | Report Abuse

Waiting for 20

Posted by Britishshorthair > 2020-07-01 13:33 | Report Abuse

If they keep converting, then need to check on the intention. i guess, not good for share holders. They can acquire the share offmarket and convert later also. so if they convert 400 million, until RTO, wait 1 year la. Normally RTO one month only process.

Posted by Britishshorthair > 2020-07-01 13:35 | Report Abuse

SC have to scrutinize this la, since so many conversion. They have to ask why

Posted by HandsomeGain > 2020-07-01 14:19 | Report Abuse

Listen to big boss JB1816. only collect at low like 0.2.... but if you want collect now also fine as own call.

Posted by hkhk > 2020-07-01 14:21 | Report Abuse

worth to consider wa/wb?

Posted by nicholas99 > 2020-07-01 14:39 | Report Abuse

Tan Soo Kim 天天跌，看到都累

lari first. then come back later. cut loss is a virtue. i saved my own skin many times through cut loss. dont fight the down wave.

Posted by KoonYewSiong67 > 2020-07-01 14:52 | Report Abuse

90% loading...something is coming

Posted by nicholas99 > 2020-07-01 14:59 | Report Abuse

still too early. something not right.

Posted by Anderu > 2020-07-01 15:01 | Report Abuse

Down 5 cents up 2 cents ba

Posted by Rashidazizi93 > 2020-07-01 15:04 | Report Abuse

wow sapuuuu cheapp!!!!

Posted by Hockster > 2020-07-01 15:17 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3064868

Posted by HandsomeGain > 2020-07-01 15:23 | Report Abuse

attract you buy again then trap you,...run lo.

Posted by KLBullTrader > 2020-07-01 15:47 | Report Abuse

It's cumming

Posted by TrendLai > 2020-07-01 15:53 | Report Abuse

Jb16 chun, target hit or still people expecting to hit bull eye! appreciate your sharing

Posted by Justmeme > 2020-07-01 16:32 | Report Abuse

Volume never lie

Posted by nicholas99 > 2020-07-01 17:03 | Report Abuse

icps lagi.. run..

Posted by Jackma99 > 2020-07-01 17:11 | Report Abuse

Run run gogo power ranger

Posted by Britishshorthair > 2020-07-01 17:16 | Report Abuse

What is 90% loading?

Posted by Britishshorthair > 2020-07-01 17:41 | Report Abuse

something is happenning, disposed more than 100million shares

Posted by Britishshorthair > 2020-07-01 17:44 | Report Abuse

and ace holding acquire all. What is the reason behind this?

Posted by jase123 > 2020-07-01 17:45 | Report Abuse

Change hands. Look carefully at all focus reports and shareholding and easy to see what is playing out now.

Posted by Britishshorthair > 2020-07-01 17:45 | Report Abuse

Is Ace holding the middle man for the RTO?

Posted by birkincollector > 2020-07-01 17:59 | Report Abuse

ACE always invest in goreng counter....like AEM, OCR, TDEX, CONNECT.....nothing special

Posted by misk_72 > 2020-07-01 17:59 | Report Abuse

so tomorrow can buy or how....pls anyone any idea..pls share

Posted by birkincollector > 2020-07-01 18:01 | Report Abuse

i dont like the rumours...however chart seem ok now by today rebound...let see

Posted by Hockster > 2020-07-01 18:05 | Report Abuse

Lol @Britishshorthair Ace and Connect are sharing same address

Posted by Britishshorthair > 2020-07-01 18:07 | Report Abuse

what is playing out now? meaning, change hands so... proxy la

Posted by Britishshorthair > 2020-07-01 18:09 | Report Abuse

Change hands, so no direct interest in the company?. another company holding S5 will be major share holder later?

Posted by Britishshorthair > 2020-07-01 19:00 | Report Abuse

Before this ace wong become director briefly

Posted by bursahunter > 2020-07-01 19:07 | Report Abuse

One of S5 shareholder is Avocat owned by Lim Beng Guan and he is also one of the major shareholder in Apex Equity and Ace group is the major shareholder in Apex Equity. Ace group has been substantial shareholder in Connect since 2016, but never acquire more shares even though in 2019 Nexus capital director resigned from Connect board until recently they subscribe for the private placement. Why suddenly acquire all Connect shares from Nexus? Is Nexus the one who converted all the icps? if yes, Nexus has only around 158m icps...Why suddenly do all this now? Just to goreng or for bigger deal ahead?

Posted by liewwl2004 > 2020-07-01 19:10 | Report Abuse

Thanks bursahunter for explaination.

Posted by Jackma99 > 2020-07-01 19:11 | Report Abuse

Why all Nexus share go to Ace can anyone explain here?

Posted by Jackma99 > 2020-07-01 19:21 | Report Abuse

Thx bursahunter too, what do you all think btw

Posted by JC8886 > 2020-07-01 19:26 | Report Abuse

In 2019, Ace Holding arranged Nexus’ Wong and Lee became majority share holder of CC and joined BOD. After few months both Wong and Lee resigned from CC board and left. I guess they still maintain their share holding in CC till now... Ace Holding is making all the transfer and cleaning up.

I think S5 is expecting Ace Holding to do some housekeeping works and clean up all the share issues before signing final agreement. It’s normal for corporate takeovers or RTO.

Posted by meisarel > 2020-07-01 19:27 | Report Abuse

If you noticed, jb has briefly mentioned about Ace Credit in his posting dated 11 June. This is what was mentioned:

“ Abah is very happy today coz his SIL co S5 is signing with Ace Credit with 20% share of CC and 20mil cash”

What you need to find out is who is ‘Abah’ and his SIL relation to S5. Good luck all!

Posted by Doremon99 > 2020-07-01 19:29 | Report Abuse

@busarhunter everything very obvious the biggest player is Ace and recently a lot exercise that make me feel this deal more solid.
I think there must be a special deal behind before the announcement orelse won't drag so long and convert icps at this period of time.
Buy now to get ready rocket up or monitor until 0.2 as what JB said.
Don't forget @JB mentioned 10 days just over so this or next week get ready to fly.

Posted by JC8886 > 2020-07-01 19:38 | Report Abuse

From RTO buyer’s perspective, I believe S5 will ask Ace Hondling and CC to continue converting ICPS until the total number of shares for transfer to S5 can be confirmed at 51% or higher (of total ordinary shares + PA + Warrant A + Warrant B).

S5 will require up to certain numbers of share (or total percentage of share) that they want to secure, which they must ensure they can command absolute majority holding, I am guessing maybe 80% or more

Posted by Pershing > 2020-07-01 19:44 | Report Abuse

Just change of hand from Ace directors/ staff to co directly.

Posted by Jackma99 > 2020-07-01 19:49 | Report Abuse

Jc888 if like 80% how long they need to collect haha..

Posted by stncws > 2020-07-01 19:56 | Report Abuse

5S COULD BE THE BUYER...CHANCES !!!

Posted by Pershing > 2020-07-01 19:56 | Report Abuse

Ace Group always play like shit.....con people.

Posted by stncws > 2020-07-01 19:56 | Report Abuse

Jb is needed here....

Posted by JC8886 > 2020-07-01 19:58 | Report Abuse

@Jackma99... doesn’t need long time la.. just convert another 400mil ICPS in this month.... since they already converted more than 100mil++ ICPS in the past 2 weeks.. hehehe

Anyway 80% is just a wild guess, between 51% — 70% maybe more realistic

Posted by Jackma99 > 2020-07-01 20:33 | Report Abuse

They where got so many icps jek 80% leh banyak, is like about 800M share you saying... because if add up warrant b icps n share is like 1billion unit

Posted by Jackma99 > 2020-07-01 20:35 | Report Abuse

ace con ppl, but now they taking so many% to their company maybe nt conning? Cause such big amount of share cannot be throw in market the counter will laosai to 0.005c

Posted by JC8886 > 2020-07-01 21:22 | Report Abuse

@Jackma99... total ordinary share + ICPS + Warrant A + Warrant B.. around 870mil — 880mil share according to their annual report

Posted by JC8886 > 2020-07-01 21:29 | Report Abuse

So S5 needs to acquire around 450mil unit share or more to ensure minimum 51%... they might want to secure more