The only way to 100% WIN is like my brothers, each buy 1 lots = RM 7.50 + RM 8 broker + RM 1 stamp fee + RM 0.10 clearing fee = RM 16+, to qualify for a free buffet lunch each year.
This AGM you will see me and my brothers. (We just go to EAT, and will say yes to all resoluytions)
the company wishes to announce that bursa Malaysia securities bhd(BM) had at 6pm on 8.5.2015 issued a directive for the company to announce that the company had triggered rules 2.1(b) and (c) of GN 3 based on the company 's Q4 2014 results.
In any event, the company has no means to make such announcement as the company Secretary had resigned on the same day.
The company disagrees with the directive and has appointed solicitors, Messrs lim, chong, phang & Amy to file a legal action against BM. The suit was filed on 10.5.2015 against BM to, inter alia, nullify the directive and to seek damages from BM. (The Suit).
The suit filed in the high Court in Kuala Lumpur bearing suit number 22ncc-130-05/2015.
Further to that, the high Court had on 11.5.2015 heard the company 's application and granted an ad interim injunction to restrain BM to implement the reclassification of the company. The ad interim injunction will be enforceable and binding until the High Court makes a decision at 4pm on 18.5.2015.
The courts decision on 18.05.15 may see a rebound to .10 if its in the company,s favor otherwise may further dip to .02 ! Its a gamble to buy at .045 to .06 ! Decision is yours.
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....
richkid
8,140 posts
Posted by richkid > 2015-04-21 10:16 | Report Abuse
Don't chase...sad case...loss making company...please be careful don't burn...