remember OR trading done 23 Dec....0.005/0.010 OR trading done 24 Dec....0.005 (limitdown)
But on 2nd Day, Mother from 4:30pm, operator start "Siew Yok" Operation.
Price jump from 0.17 to 0.250 highest before closing 0.205
Mother share before Adjustment...0.225 Mother after adjusting due to OR allocation. 0.160
my opinion.....Mother got 160 million share tradable in the market, so share price can be easily pushup to lure ikan bilis to take up OR at 0.12cent
This is what Operator did because OR was on limitdown mode at 0.005 No one is buying at all. which is why at 4:30pm on Dec 24th., Operator push the price up from 0.17 to 0.250 and close at 0.205
Operator want to let you know that by converting your OR at 0.12 means you making humogous crazy money
0.205 - 0.12 = 0.085 profit
So, if you convert 100k at 0.12 cent will only cost you RM12k because your OR when listed later in Jan, it will be worth RM20.5k if mother still 0.205
So, it is no brainer to convert to get profit 8.5k instantly in future if price still 0.205.
DGB want your OR money so that it can be further invest in U-Ping software and Smart Vending Kiosk.
So decide whether it is worth your funding for those unExciting project.
DGB just want your OR money only. and give you extra share at low premium and throw in warrant as freebie.
Fintech OR for Glove manufacturing GoCean OR for Solar or Green Energy..
While DGB for U-ping App and Smart Vending Kiosk.....Good investment??
There are 2 types of RI, one is normal RI that will increase listed shares like Fintec, DGB is after consolidation, so its listed share volume is only about 1/3 of Fintec.
Now the company has less than 200 mils listed shares, so it is very easy for them to play up like what happen on friday. If market condition is OK, when RI listed, the chances of making some profit is there bec warrant can cushion any price drop in mother shares.
There 2 types of RI....1 is to expansion in the company existing business...the other 1..is take the funds and do some business that ‘s new ... my 2 sens....!
I am a newbie to join the stock market. I am watching these comment and advice from you and others for a few days. There are a few question from me.
May I know how to convert the OR at 0.12? Because I have no converted any OR before.
I only can convert it after 31 Dec or now can convert also? Do I need to invest another money in order to convert it?
From the above comment, after 31Dec if im not selling my OR, I need to convert my OR at 0.12 before 7 Jan. What if I didnt do anythings? Will all my OR share burnt and Loss 100%? Will this OR disappear after 7 Jan?
0152 DGB DGB ASIA BERHAD Important Relevant Dates for Renounceable Rights Full Description: Dispatch Date:24/12/2020 Trading of Rights Start On:23/12/2020 Trading of Rights End On:31/12/2020
Stock Par Value: Last Day and Time for:- Sale of Provisional Allotment of Right: 30/12/2020 05:00 PM-
Transfer of Provisional Allotment of Right: 04/01/2021 04:30 PM-
Acceptance and Payment: 08/01/2021 05:00 PM-
Excess Share Application and Payment: 08/01/2021 05:00 PM
Remarks: The last date and time for acceptance, excess application and payment is 8 January 2021 at 5.00 p.m.
This announcement is dated 8 December 2020. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By: 08/12/2020 07:00 AM
Yes.....if OR still never convert after trading ended on 31 Dec 2020....and still never submit application by 8 Jan 2021 with payment in kind of 0.12cent .
OR on 9th Jan 2021.....like Movie Mission Impossible will self destruct ....hahaha
It mean, you just let it lapse and show middle finger to DGB OR Operator.
Be advise Kindly sell off your OR Asap if you really have no intention to convert....Don't decide last min and suddenly ,ooop i forgot to sell by 31 Dec 2020.
if you ooops to do that, then just fork out 0.12 cent to convert and increase your holding from 1 share to 1 current + 6 OR conversion. Congrats ...now you have 7 Share and Free warrant.
Fintech do OR is for Glove Business ,kononnya GoCean do OR is also for Glove Venture as well
but but DGB do OR for......
(1)Ping U app......Great demand kah? (2) Smart Vending Machine....got demand kah? maybe can sell gloves, condom, mask?
DGB basically do OR for syiok sendiri. Masuk pocket to pay their debts...salary...director fees..
Every year lose money.... Vaccines check talak Solar check talak Glove check pun talak
Maybe that why on 2nd day trading.....OR on selldown mode...0.005 cent...LimitDown
it show that whoever got OR think it is not worth converting at 0.12
If DGB OR business is for funding Glove factory...Solar Green Technology....i am sure everyone want to buy OR.
Syndicate are smart , right? If can buy OR at Limitdown price and convert at 0.12cent to increase their holding....i am sure Syndicate will buy all OR that day....But why still limitdown still until end of trading day?
Instead, Syndicate goreng the mother from 0.17 to 0.250 and closing at 0.205. WHY? Because Syndicate to open our "greediness" and asking us, the ikan bilis to come out 0.12cents so that their Piggy Bank will get fatter.
So come Monday, if OR still macam tahi...still selldown mode, i am sure Syndicate will push the share towards 0.30...hahaha
Syndicate don't want to buy OR lah, because Syndicate want to sell their OR and ask you to come out the money.
So...get popcorn ready on Monday. Going to be interesting scenario outcome
YES..goreng time @ about 4.30..from 17 million to now 5.00pm..32 million..SO 15 million shares to goreng from 0.17-0.25....closing 0.205.just wonder how many punters make money just now... my 2 sens...1 this is last thursday trading..JUst assume the operator control 80 percentof 15 million-12million =3 million (3,000 lots)..Lets say 1 lot @ 0.05 cents profit..so total they fork out rm 150k...to goreng...my 2 sens...!
Convert the RI only if the mother goes above 0.3. If not, better put money somewhere else, we all know the results.
0.205 mother share, u want to convert RI? Hm...after RI period 1st big sell off. After warrants listed 2nd big sell off. And good for you being trapped.
DGB want money? Bolehh, we can give, but win win situation laa.
Dear sifu2 dgb asia, i would like to humbly ask, if we bought in dgb-or and did not do any action till 30th december, i.e no sell, no convert@12c what will happen, will it be converted to wc or burn?
even if it is 30 cent on mother, it will still be a TRAP because once OR trading end on 31 Dec... it will easily limit down 30 cent right because still the share under rm1. Up 30cent max....down also 30cent max if i am correct lah.
Manipulation stocks some time can play high with RI, like Netx after Right listed. These counters are not for investment but no harm to play along smartly. You must know how to deal with it to make money.
Talking so much about fundamental is meaningless here, dont waste your times, if MM want to play up, your posts cant stop them; but you will miss the boat. Just my 2 cts.
Thanks @Bgt 9963 for the details analysis what happen from 4:30pm until 5.00pm .Wow...goreng 150k...
can't wait to see tomorrow how much goreng value!
Maybe Syndicate will let small fortune go before can get back Big fortune. After Share consolidation, total tradable share is 160 million
so, give 6x OR mean 96 million Right Issue available 96 million x 0.12 cent can fetch them Rm 15.2 million cool hard cash.
i believe syndicate will continue slowly goreng mother to make believable attractive RI by "donating" maybe 5% of collectable RM15.2 million Right Issue funding.
TRAP is set.....Kindly buy the OR tomorrow... Price gooding.
If u want to understand a stock, look at the whole picture. If 70% of the company are really people planning to invest, the average price they have bought through out the year is 0.35. The fkcg company trapped all the investor, now theyre asking for people to give more money. Thats what i said earlier, no freakinv human want to put money in this company anymore, unless u bring back the price where it was expected to be in the 1st place and stay it there. (above 0.3)
Doing RI at this cheap price is just like saying to investor, just give me extra money, to recover ur own loss i caused. Biba kan perangai?
Oh yes, to dgb management, just to note that no one is too studip to see the game. If this bull was real investors, they would have bought the OR also. Yr sindiket pushed the mother but forgot to sync with the OR push.
Thats ur mistake. Now u have to give another higher push to repent ur mistakes. Dem...
announcing Right iSsue cause the price to swing down further ,closing at 0.225
After adjustment of 6:1 Right Issue, price adjusted to 0.16
if you buy last closing 0.225, now you have 6 Right Share to convert at 0.12cent.
DGB is forcing you at gun point to convert all your OR, so that their piggy bank will be fill to max which is 15.2 million.
RI for what? to continue improve Ping U software...and expanding Smart Vending Machine. Tangible business sense? if say venture in glove manufacturing....maybe more viable...
See Fintec....See GoCean....all venture to Glove Manufacturing...that why you can see their Right Issue over subscribed.
So what so great about Right Issue at 0.12 for DGB? for mere Ping -U apps and Smart Vending Machine?
3rd Day OR trading.....still limitdown lo. it show that investor are throwing their OR at cheapest price possible and yet no one want to buy. if i buy OR ar 0.005 and convert at 0.12
my total cost only 0.125 and current DGB mother today is 0.225
Wow...i am making 10 cent lo But why no one buying?
yea so the company is pushing dgbasia mother to trap people buy dgb-or, lolololol good luck dgb selling the OR, OR will never fly, no one will convert@ 12.5c lol lol lol lol lol
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HamsterHuat
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Posted by HamsterHuat > 2020-12-26 22:09 | Report Abuse
my Opinion..
Wait Monday and decide from there
remember....by 31 Dec, you need to decide to sell OR or convert OR.