It's more like they are waiting for the announcement from Custom department. They have a very high chance of getting it. As I say there is no smoke without fire. Maybe someone from custom leaked it out to the press.
What is the reason for leaking the news if not to get suckers in so that the insiders can come out? Create the excitement, buzz, volume to suck you in then cabut. Now company has denied securing the contract as mention in the article. So what is the company worth without the contract? Madiba say take profit , I trust her more without listening to all these hype in the paper that was purposely created to suck people in! Make 2 sen lose 10 sen later.
bullbear, please refrain yourself from using the nickname called "Madiba" or quote without prove, unless that person allowed you to mention. We do not allow a good name like Madiba being abused in this forum.
============================================================================ Company Announcements This section contains all announcements made by Public Listed Companies. Important: Bursa Malaysia does not verify or endorse the contents of announcements made by Public Listed Companies. Please read our Disclaimer pertaining to Company Announcements for further information. Note: Please download the Microsoft Word/Excel Viewers or Adobe Acrobat Reader to view the attachments.
OTHERS MANAGEPAY SYSTEMS BERHAD (“MANAGEPAY” OR THE “COMPANY”) - Article published in Focus Malaysia entitled “ManagePay bags GST tourist refund contract"
MANAGEPAY SYSTEMS BERHAD
Admission Sponsor RHB Investment Bank Bhd Sponsor Same as above Type Announcement Subject OTHERS Description MANAGEPAY SYSTEMS BERHAD (“MANAGEPAY” OR THE “COMPANY”) - Article published in Focus Malaysia entitled “ManagePay bags GST tourist refund contract"
Reference is made to the article published in Focus Malaysia on page 14, August 9 – 15 2014 (“Article”) on the above title.
The Board of Directors ManagePay wishes to clarify that ManagePay has not been informed and is not aware of the award of the Goods and Services Tax (GST) Tourist Refund Scheme by Customs Department to ManagePay as reported in the Article.
In the event ManagePay is awarded the above contract, ManagePay shall make the announcement accordingly.
This announcement is dated 8 August 2014. ============================================================================
Aiyayo.... this share made me gila lo.... "sekejap gula... sekejap XXXX".... WHO SHOULD I BERCAYA..????
Focus Malaysia is working in cahoots with certain staff in RHB and certain fund managers to mis-lead the investing public so that they can off-load and profit from this speculative buying. Mpay and major shareholders are taking firm action against focus malaysia and also selling down their shares next week. Please do not be trap into it by buying at this moment. I am taking my profit. The TRS contract has not been secured. Take care all.
Madiba, this is a serious accusation against RHB and FOCUS. Hope you are right coz otherwise they may take action against you for defamation.
My 2sen guess is that FOCUS jumped the gun and Mpay has no choice but to deny the story. But if you read carefully the announcement, Mpay has not said it did not win the TRS project, nor did Customs confirm they did not win it. They merely said that they are not aware of of the award. Very true, so long as they have not received the Letter of Award.
Interesting to see come Monday, there may be real buyers or insiders who are aware of the real situation to mop up the shares. There are many out there waiting for a really cheap bargain to buy the shares....
Why are u so sure that Focus was in cohot wih the big boys to mislead the market into selling up all at 33 c if it turned out other ways , how? From report , it seemed that iris has dropped out from the race but Mpay still intact except the disclosure in later date ? The managepay management has confirmed not receiving any green light as yet but how come Focus and certain bank involved has leaked out the info and created the frenzy , but quickly disappeared after the denial . Unless and until someone from outside with a much political influence and connections involved to be able to bypass all the procedures after the closing date but given special consideration to be involved , that,s will be a totally different story . As it stands , the etrs contract is more or less confirmed after all the other 3 bidders are not successful . All this while u r away and silenced throughout but suddenly appeared out of blue moon and talking as if u r very sure of the running and selection process , these statements are tentamount to mislead buyers and sellers alike. This is only my personal thinking and do not have any malice. Happy trading.
madiba, you have always been into Mpay and giving good advices and guidance. Your TP always hit most of the time. But now why suddenly you are saying like this? Is it true that Mpay did not manage to get the contract? If not Mpay, then is it IRIS? But there is no sign of IRIS winning the contract...I really feel sad hearing this from madiba...
Mpay is a very small company compared to Iris. Mpay market cap is only 127Mil, compared to Iris 877Mil. To give such a huge project to such a small company, will certain raise many eyebrows.
Mpay dint see have any potential you can check thier service & product many IT company is doing also nothing special even ghlsys censof cuscapi also better than them can handle or not is a problem too they have no experience at all i heard that global blue ( iris ) cooporate with alipay ( alibaba ) already thier tax refund system is more better . this is my opinion
Too many expert suddenly jump to this MPay Forum.and told us to dispose the share quickly....for Mpay shareholder becareful... something fishy here, i think too many people want to buy your share cheaply
Still i got info that Focus news is reliable...and i believe so..
Believe in your instinct and experience not me or someone who suddenly appear after 3 mths..
If you believe Mpay will get the project, keep Mpay. If you believe Iris will get the project, keep Iris. My position in Iris is too small too insignificant for me to side Mpay or Iris :-)
ran777...u have been here for a long time as well..I have always seen you around since long time back when madiba was commenting...I really can't believe that madiba had gone missing for sometime and suddenly giving such statement...infact he/she was more supportive towards Mpay compared to anyone else initially... =(
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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....
1Bull
340 posts
Posted by 1Bull > 2014-08-09 09:17 | Report Abuse
sell on news