never saw hatrick before where it down more than 2 times no rebounce .. hope we dont pecah record ..anyway i noticed the chart , a lot of activities at 0.25-0.295
The edge said not director sell, but third party, the qtion is, who is the third party that can sell down so much, hold so much share on hand, this third party is one of the 30 shareholder which list in annual report?
polxs bursa macam no clue .. everytime uma also those companies reply same answer ... buat bodoh tak tahu .. can't they check on which brokers selling this? from there they will know who throwing in a big volume .
Volume is historical high, drop is also historical high. This is like a musical chair game, when the music stops, who will not get the seat? I believe, most buyers will lose confident in this stock, like what happen to 4 Singapore stocks. Malaysia also have its own,MNC Wireless, Solution Engrg, Industronics and VisDynamics.
CEO says he did not sell any shares that caused the share price collapse. Heard some market rumors that the CEO could had sold under nominee names instead of shares under his own name. Well, there's always bound to have a lot of rumors when something drastic happens. At the end of the day, the investor should just be focused on the value of the stock .... if it is a good company with high future potential growth and its trading at a cheap price .... then it is a bargain buy. if the reverse is true, then don't touch or get out as fast as you can.
not a pump and dump case because there is no pump which makes the case of these 4 small caps very interesting...don't forget that it also happened to Mpay today which is actually a highly profitable company. Now..this is all very interesting. My thesis- tomorrow can gain a bit, maybe to 0.35-0.40 as more investors flock to it. OR...more sell offs but wouldn't limit down la bloody impossible and cannot be reduced that much. Already at the bloody bottom lol. See tomorrow la.
it is true and common that most if not all companies provide the same DENIAL respond to UMAs issued by BURSA and BURSA just accepted it facedown. like it or not, i believed BURSA does not have enough resources to go into detail of every investigations on insider trading, who is the culprit crashing down the share, etc etc., bcos everyday there are many counters which are operated in huge volume. unless of course, someone can provide evidence to BURSA on the wrongdoings. it is also good that BURSA issued the UMAs and to received all these DENIALS from companies. if one fine day, BURSA found out that the DENIALS were false and there were some wrongdoings, the directors would be fined heavily and possibly be jailed for making false statements.
Some Info Individual Shareheld : 72,947,100 (69%) Public :27,748,200 (26.25%) Institution: 5,000,00 (4%)
Ng Hoe Choy Founder 30,526,100 (30.2%) Controversy Jo Hun Ho 458,100 (0.45%)
Public Float only 27 million share, but 2 days trax 104 million.. hence i believe its purely money making activities .. limit down only required 4 million share if you noticed to push down.
On Monday, four penny stocks, namely Visdynamics Holdings Bhd, MNC Wireless Bhd, Solution Engineering Holdings Bhd and Industronics Bhd, hit limit down almost simultaneously in the afternoon session, drawing queries from Bursa Malaysia.
According to a dealer, the four companies each had a block of shares that had been rolled over a few times.
“The was no real money coming in to pick up the blocks. The bubble finally burst after one stockbroking house out of several, stopped the line of credit,” said the dealer.
At the close yesterday, Visdynamics and Industronics remained in the red finishing 41.49% and 15.58% lower respectively while MNC and Solution Engineering recovered some earlier losses, ending the day 16.67% and 7.69% higher respectively.
Industronics in its reply to Bursa Malaysia on its unusual market activity (UMA) said it was currently exploring a proposal which involved an internal reorganisation of the group while MNC said it was not aware of any explanation for its UMA.
As far as links between the firms go, Solution Engineering is 10.8% owned by Industronics, an electronics company which has Danish national Christian Kwok-Leun Yau Heilesen as its chairman.
Interestingly, Kwok is being bandied around as being the common person involved in all four stocks.
The 30-year-old Kwok, however, said he had divested all his investments in Malaysia several months ago.
“I have not been to Malaysia for several months now ... I sold all my investments several months ago to investors from Macau,” Kwok told StarBiz when contacted.
Kwok, together with Raymond Yip Wai Man, used to own about 15% in DVM Technology Bhd and he also held a stake in Industronics, which he has since divested.
He is no stranger to market controversy.
In 2011, Kwok, who is based in Hong Kong together with Yip, bought into DVM after which they requisitioned an EGM to remove several directors from the company.
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MQ Trader 791 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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....
zamsaham
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Posted by zamsaham > 2014-04-29 17:39 | Report Abuse
still can limit down, normally there will be another phase. Stay tuned