I just share my experience, what I encountered of this type of proposal which will not benefits traders/shareholders much. Irrespective which sector and you hv to come out another fund to subscribe to the rights hoping that this will cover you losses on the mother shares. The listed price for mother share will not be times 10 as what illustrated in the proposal. It may be higher from the last ex-date price due to volume become smaller, definitely not x10, however it be lower again when the rights join the mother. This legal scammer or way of getting the fund from shareholders who got trapped by this game.
I have liquidated my position at 0.055 and 0.05, million of my shares knowing this not gonna benefits me with this Multiple-Proposal announcement. My anticipation is absolutely correct looking to the price and the volume or selling pressure. Waiting to come back at the lower price if it is going to that level for short term gain. Definitely I m not going to subscribe to the rights. Be alert of announcement when the SC approval obtained. It will certainly will go down and stagnant until ex-date. Cheers!
People Buying at Seller Price 0.045 = 5,341,400 People Buying at Seller Price 0.040 = 3,370,500 People selling at Buyer Price 0.040 = 58,734,100 People selling at Buyer Price 0.035 = 1,026,700
Total Volume transacted today : 68,472,700
So, in conclusion people throwing more than accumulate or collecting! One more thing, the support level at 0.045 broken today as the price closed at 0.04c.
I bought alot at 0.06 and today double buy at 0.045 but what wrong with those people keep on panic sell.. Better tomorrow dropped to 0.0005, no more panic sell.
No hope already this kaunter, shark push down the price to collect at cheaper price before consolidation and ddump again later. might go down back to 0.02
Now only want to run? Lol. Run lah. Wait to buy at 0.02 Lousy kaunter with stupid management, qr positive also cant take advantage of it, go put stupid proposal somemore.
I already told to liquidate at the price 0.05/0.05, semua so called promoter DGB keep condemning me, that don’t panic, director, big shark keep collecting bla bla bla. For the fact they actually throwing n small traders n retailers keep buying for not knowing the implication of this proposal which I also shared my experience.
in one day they will get curse for all their wealth will be drain out very soon... god bless all this director and shark... ppl who play fire will get burn by himself...lets play by ear...
Tech company but cant thrive when US tech boom market happend. Sure something wrong with the people inside there, Company got potential but will only collect when it cheaper enough to become long term holding. Until that stay away only lar
ya... but when they meet up those tycoon, ppl just "You are cheapskate listed company CEO/MD" in their mind...i doubt where to put their face, maybe they never bring out face and keep in fridge, stay together with salted fish... haha
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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....
IbnuShaari
390 posts
Posted by IbnuShaari > 2020-09-07 10:56 | Report Abuse
I just share my experience, what I encountered of this type of proposal which will not benefits traders/shareholders much. Irrespective which sector and you hv to come out another fund to subscribe to the rights hoping that this will cover you losses on the mother shares. The listed price for mother share will not be times 10 as what illustrated in the proposal. It may be higher from the last ex-date price due to volume become smaller, definitely not x10, however it be lower again when the rights join the mother. This legal scammer or way of getting the fund from shareholders who got trapped by this game.