Price must go up lar, future is bright, never in line with surge in price, in fact the peak was when they brought in Japan partners by selling them shares at 1.25, so they push to 1.35.. that was their greatest job achieved...they never even bother to upgrade to Main Board, or rather the boss said it was their intention, never try to do...now without co bb, price dropped 10 cents..sad
Can any Sifu explains why 11.65% shares sold to Japan investors at 1.40 while bursa closed 89.5 n 97 yesterday n today. 1.40 I also sell all man..expected limit up today but not all all..can big lot at 1.40 n bursa at 97 now ??
tokti , is all depend on the market if SBI dare to buy @1.40 . mean they value N2N at that price . if boss want to goreng , easily will hit limited up .
lol, it means insider dont want benefit the retailers ... think if the japanese buy from the market, this could really push the price to 1.4 or even higher due to the quantity they wanna buy, insiders sure know this, so they sure will do it outside of market ...
N2N now is family business, all the son, relative join the company management. All share hold by his major shareholder. They can push up any price they want but they wont push it high because they dont want their director and staff sell and earn money from stock then resign. 1 Month bonus also need give few instalment.
You are perfectly right, even the boss has promised to transfer to main board and the price be historical high (highest ever was RM2.35 I think), he never do anything except made lots of money via shares deals himself and now got very special ESOS for founders at low price...selfish move
My thumbs up , if the price goes to his selling price at RM1.40...says so then I pawn away my house to buy to earn the 40% profit..but doubtful N2N be 1.40...
It can reach 1.40 but with small volume..just left to right and right to left. There is no way you can buy a lot from market. Soon all the free warrant go to their major shareholder again then they will convert it low premium price, and find the new investor sell at high price.
Look at last warrant. all major shareholder convert it. Last EGM agenda also give ESOS to his son and relative.
@centurion, previously Japan bought at 1.20 n 1.25 for 30% stake, also the same, major shareholders pocket with heavy profits, now the price never move above that. Now worse is the SP is 1 40 whereas market only 90 n now 1.00..will it move above 1.40..ya, it will, you wait long long lor. If major shareholders are good, they should issue new shares n push it to sell at 1.40 , not from their pocket to make big moneys. This is what I dont like, not one time, but many times
I still think the owners have to make it at 1.40 as the Japanese shareholders at arm length bought at 1.40, ie it worth 1.40 with business synergistic..so within short period it hits 1.40 n above... Dear sifu Speed123 n Sifu TYS, please enlighten me...the bonus warrant to trade on 7 January, should sell??
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Posted by Veron_teo > 2018-12-19 20:43 | Report Abuse
because company no buy back