Investor_newbie We will get the rights issue on the 11th of November is everything is approved. The price won't necessarily be re-adjusted. But currently MNC directors are under law suit but it was announced that there will be a reshuffle of directors so hopefully it doesn't pull the stock price down too much until then.
DamnSon thanks. So eventually still have to be depandant on the response of the shareholders towards the removal of the board. This is my first investment and I already in this shit.
Investor_newbie You're welcome. Yeah correct. Hopefully the price can go back up slowly by next week. I'm also stuck on this stock right now. The price now is 0.115 and it seems like it might go below 0.10...so it is very risky now.
I alrdy warned on 17 oct..this counter will go down fast, after just bit play up..we all know phang and his foes gameplay..same script with warrant RI etc..just cutloss now this 1 will go to 0.065 cents slow and steady like sanichi(which oso has been goreng by phang the gang)
some peoples who bought MNC-OR and subscribed for it will start to sell the MNC mother shares from tomorrow onward in advance before receiving their subscribed shares .
for last 15 years,only 2 counters postponed to one day later they were Connect and AT system...but MNC has announced that new shares are to be listed on 11 November
Sanichi got much more shares that MNC wireless. With that stories, if kaki goreng want to make $, they should get more shares at lower price and finally goreng up.. no reason to justify it(price going down to 7 sen). Money just taken, still there $0.10 (3 for 1). Why sell at below cost? Plan to spend money on better future/ expansion, why suddenly so negative? If they want to goreng up, they will materialize the MOU signed more than one year ago on "contract with Petronas", - digital advertising. Unless got other issue that we don't know..
If the management just steal the money from company or hide something material issue during the RI, we can group together and request Bursa to investigate the management
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Investor_newbie
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Posted by Investor_newbie > 2016-10-20 12:22 | Report Abuse
cytew, thank you very much, this is a smart move!