KLSE (MYR): FINTEC (0150)
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Last Price
0.195
Today's Change
+0.005 (2.63%)
Day's Change
0.195 - 0.195
Trading Volume
103,000
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ > 2024-04-10 23:17 | Report Abuse
Musang King
1,035 posts
Posted by Musang King > 2024-03-12 18:44 | Report Abuse
CONSOLIDATE 30:1 EGM 02/APRIL/2024 AT 11AM VIRTUAL EGM ONLY. I THINK IT'S GOOD IF YOU HAVE MILLIONS OF SHARES, GIVING OPPORTUNITY FOR FINTEC TO MOVE UP EASILY ONCE AFTER CONSO. PRICE WILL MOVE UP AS THERE ARE 30 TIMES LESS SHARES IN THE MARKET. IF DROP, WE CAN STILL BUY SOME MORE TO KEEP SO THAT WE CAN REDUCE OUR AVERAGE BUYING COST FOR FINTEC MORE EASILY. I BELIEVE FINTEC SHARE PRICES CAN MOVE UP WITHOUT MUCH HINDRANCES AS THE NTA (NET WORTH) THEN WILL BE APPROXIMATELY RM1.20 PER SHARE. SELLING WISE, IT'S EASIER TO SELL AS SELLING A SMALL AMOUNT OF SHARES REPRESENT 30 TIMES OF WHAT WE ARE HOLDING NOW. OBVIOUSLY, I AM VOTING FOR THE EGM. I THINK IT'S A VERY GOOD MOVE, PROVIDED THE MANAGEMENT DO NOT THINK OF ADDING NEW PRIVATE PLACEMENT OR ESOS TO ADD NEW SHARES ANYMORE. THIS IS EXTREMELY IMPORTANT FOR THE BENEFIT OF ALL FINTEC LOYAL SHAREHOLDERS.