This counter short term is hard to go up because the previous shareholder still holding about 4% of the shares and anytime will dispose when the price advance to around 11.5 cents. Based on this logic it is difficult to go north.
Flonic lo, now it stand at lowest price( past 4 week range) , if can buy some at 0.10 n keep, in nice, as it will rise up one day, just need to wait them collect enough at 0.10, like asiabio, which also drop till reach past 4 week low, then rise back slowly to 0.135..
Major shareholder/director, Mr. Chua had converted 14.661 millions warrants into mother shares to increase his shareholdings showing his commitment to the company.
i wonder what they r up to. Sucky thing about ACE market is that the price is highly dependent on the manipulation of the major shareholders. but nagendran and whoever who is gonna buy that 34 mil shares (i think its gryphon) wouldnt join in the fray if they think they are going to lose out.
complicated...0.1 price has been long... board management also complicated. Tan princess and Nage no action / sound at all...should go more for this counter? what their intension actually....
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....
moneyking96
328 posts
Posted by moneyking96 > 2013-10-21 21:15 | Report Abuse
Oily how u know..