Posted by Pershing > 2020-08-07 09:57 | Report Abuse

buying

Posted by Superb99 > 2020-08-07 11:54 | Report Abuse

I also top up

Posted by Pershing > 2020-08-07 21:23 | Report Abuse

Due to market or Tango

Posted by tumbler > 2020-08-07 23:15 | Report Abuse

Adding another 300 lots today .

Posted by Poh Eng Seong > 2020-08-08 00:55 | Report Abuse

Means still can buy in
??

Posted by Pershing > 2020-08-10 10:57 | Report Abuse

Nibble, surely owner want to unlock

Posted by Poh Eng Seong > 2020-08-10 17:46 | Report Abuse

Haiz why no up

Posted by fl888 > 2020-08-10 20:10 | Report Abuse

Today sent to KLSE for approval.....142 million Placement Shares ....hope by next week get approval.....

Posted by iwantberich > 2020-08-10 20:46 | Report Abuse

Private placement might make price increase ?

Posted by Loy88 > 2020-08-10 23:11 | Report Abuse

fl888?????

Posted by BuzzmeFund > 2020-08-11 08:00 | Report Abuse

If a company cash rich & having good Recieveable income, why still need to Excercise Warrant diluting share & Placement for capital?

Posted by diaz_flag > 2020-08-11 10:06 | Report Abuse

thats why i said, gimmick kaokao wkwkwkwk

Posted by Superb99 > 2020-08-11 10:30 | Report Abuse

no more momentum

Posted by BuzzmeFund > 2020-08-11 11:45 | Report Abuse

Price will go down after warrant excercise, those have experience on warrant before should know what i am talking. Good luck for "Forever Stuck", giving you case study on "Asia Media" you should see similar pattern, this Asia Media on 2012 was at peak 2.70 after warrant exercise it collapse and making lowest in history everyday.

https://simplywall.st/stocks/my/media/klse-amedia/asia-media-group-berhad-shares

Posted by BuzzmeFund > 2020-08-11 11:51 | Report Abuse

Now you look at Managepay Performance. Look at the graph you see the sudden spike with no solid factor during warrant period, after expired this share will sure collapse below 0.05.

On side here is the risk factor Managepay facing now:

1. Earnings have declined by 5% per year over past 5 years
2. Has less than 1 year of cash runway
3. Highly volatile share price over past 3 months
4. Does not have meaningful revenue (MYR17M)

https://simplywall.st/stocks/my/software/klse-mpay/managepay-systems-berhad-shares

Posted by Superb99 > 2020-08-11 13:09 | Report Abuse

Up a while then drop again

Posted by fl888 > 2020-08-11 13:16 | Report Abuse

must wait for PPs to be and Digital Banking Licence to be approved..then can flyyyyy...

Posted by fl888 > 2020-08-11 13:16 | Report Abuse

must wait for PPs to be and Digital Banking Licence to be approved..then can flyyyyy...

Posted by George99 > 2020-08-11 13:27 | Report Abuse

why not reach 0.50 yet.....? tumbler....

Posted by Pershing > 2020-08-11 14:10 | Report Abuse

Just buy (nibble) risk rewards is good.

Posted by birdparadise > 2020-08-11 14:56 |

Post removed.Why?

Posted by Superb99 > 2020-08-11 17:54 | Report Abuse

slow counter...no limit up for so many days...sienz

Posted by George99 > 2020-08-11 18:36 | Report Abuse

i belive i can limit up....
i believe i cam touch 0.5.....

Posted by Jellybean > 2020-08-11 20:52 | Report Abuse

sure will fly up someday

Posted by Pershing > 2020-08-11 23:24 | Report Abuse

Their PP at 15.7 sen, current price of 17sen too little.

Posted by diaz_flag > 2020-08-12 18:00 | Report Abuse

oh yeah, will fly soon, but fly downwards hahaha

Posted by fl888 > 2020-08-12 21:37 | Report Abuse

Price has become digital already,,,.

Posted by George99 > 2020-08-13 09:23 | Report Abuse

limit up MPAY

Posted by Poh Eng Seong > 2020-08-13 10:52 | Report Abuse

Throw or hold??? @George99

Posted by fl888 > 2020-08-13 11:19 | Report Abuse

hold and wait for PPs approval from KLSE..and BNM approval of Digital Banking Licence

Posted by George99 > 2020-08-13 12:03 | Report Abuse

my simple thought is that....

Current NTA is 0.12 + 100 mil / 710 mn ( new company). price is about 0.3

so + PP +DB License.. should be in 0.4 to 0.5


but... may due to previous financial performance so price can not up.


but you see... xox now in about 0.3sen..so ....?

any comment..

Posted by George99 > 2020-08-13 12:22 | Report Abuse

some more 0.5 after getting DB license...
MPay may like outside a long outlets
"wa bukan along, wa mai tolong..

what DB license ?

Posted by BuzzmeFund > 2020-08-13 12:29 | Report Abuse

Why is everyone still revolving around this "Digital Banking Licence".

The chances for MPay to award this license is really close to 0%, simply because MPay is clasiffy as high-risk entity. Read the application guidelines https://www.bnm.gov.my/index.php?ch=57&pg=137&ac=924&bb=file , here is a few highlight instant rule out MPay from the application:

Condition 1 : Only Common Equity Tier 1 (CET1) capital shall be recognised as eligible regulatory capital.
-- MPay is not Tier 1 --

Condition 2 : include a projected path to profitability that demonstrates a sustainable business model. Where the applicant does not expect the proposed licensed digital bank to break even within the first five years, the applicant shall indicate in the pro-forma financial statements the expected year that the proposed licensed digital bank will break even;
-- MPay never make profit over the past 5 years --

Condition 3 : indicate talent requirement (in numbers and type of skills needed) over the
five-year period, and how the required numbers and skills will be met in areas related to technology and risk management, and where applicable, requisite Shariah expertise;
-- MPay is not bank, the don't have the basic foundation & experties to even know how to operate a bank --

Posted by George99 > 2020-08-13 13:51 | Report Abuse

thank you. buzzmefund.

Any news or institutional posted mpay is disqualified for licensing.
please send the link this for references.

Posted by Pershing > 2020-08-13 16:21 | Report Abuse

Smart Alec. The conditions must have ability to raise a minimum RM100M. That chicken feed. Digital Banking not for Commercial Bank to apply although they can but with their existing license they can do what digital banking want to do. So beside banker who has an experience? Technical a small matters. I'm pretty sure Passion Venture Capital smarter than you buzzmefund. They already committed to raise required funding.

This is Singapore co not some Vietnam, Macau co like XOX deals with it.

Buzzmefund don't syok sendiri.

Posted by Superb99 > 2020-08-13 23:52 | Report Abuse

TA wise, poor closing today

Posted by George99 > 2020-08-14 08:54 | Report Abuse

yes.... good day to all..
wish limit up ya.....

Posted by Poh Eng Seong > 2020-08-14 09:04 | Report Abuse

You die I die everybody die

Posted by George99 > 2020-08-14 09:50 | Report Abuse

poh.. what is your average price?

Posted by Poh Eng Seong > 2020-08-14 11:04 | Report Abuse

. 125

Posted by George99 > 2020-08-14 11:50 | Report Abuse

haiya.. not yet die at this price. my friend buy in at 0.16. you do your own risk management......whether to hold or let go..
because different people have different holding risk.

Posted by QualityGarbage > 2020-08-14 13:37 | Report Abuse

Other Chew con bites from market sources and ex staff

1. The QSR Group contract is a another conjob where Mpay has to fund pay 100% of the rollout of the terminals and POS in KFC while QSR pays nothing. In return Mpay collects a minuscule % point of the transactions. What Chew con does here is that he pays millions of Mpay monies to procure such devices at inflated prices from crony companies. On top of that the millions Chew spend using Mpay monies paying his crony contractors on Mpay e-wallet and Mpay card adoption is long dead with low usage.

2. Mpay so call big deal with Hatten Group is roasted as Hatten itself is in trouble requiring debt and capital restructuring.

3. All of Chew other deals on merchant acquisition are along the same lines ie pay out huge sums at inflated prices to cream off for paltry returns.

4. Mpay recently wrote off RM 2.5 mil in receivables last quarter so basically 30% of last year so called high growth revenue was essentially a cheat growth story. Another of Chew delayed con story.

5. Chew and cronies controls own 60% of Trustgate whilst balance 40% is owned by Mpay but Mpay extends RM 3 mil facility to it ie to fund Chew’s private venture. When Trustgate makes monies Chew takes most of it while Mpay is just a milking cow for him to fund his private venture.

6. Mpay is paying a huge RM 500k to Kenanga to raise RM 18m in the just announced placement exercise or a whopping 2.7% placement fee when market rate is just 1-1.25% ie double the market placement fee rate. This smells like a small 1MDB in the making in desperate times to pay for some traders to churn the stock, spin the story and conned more investors in for Chew to suck out. If the placement takers were already identified or shares placed out already there is no need for such high placement fees. Hello reality check.

7. Time is not on Chew con side where Mpay cash are depleted nada by September and proceeds from placement slow in coming. In any case once the placement shares a gluten 142 m in total starts coming out at 13 sens there will be huge selling supply other than a fast deteriorating company balance sheet.

8. The only reason why its still trading at this level is to suck in more suckers and day dreaming traders selling the story of 50 sens coming.

9. At 15 sens the company market cap after shares placement is around RM 130 mil with guarantee of more losses to come , 0% chance of digital bank license and a CEO with 100% track record of raising monies to burn with no return other than for himself. This stock is worth only 5 sen for its shell minus the loss making operations .

10. No doubt traders will keep spinning the story of 50 sens target, spinning chinese or bank investors or alibaba stories. Expect high churning activities to keep the shares elevated in the days to come before new issue shareholders dump on you.

11. Massive con job spinning trading story yes but value investing most definitely not.

12. Stock churning is handled by broker 73, 86 and 51. All related parties brokers churning to suck you in die standing in Chew con game.

Posted by George99 > 2020-08-14 14:33 | Report Abuse

Some one need to report to sc and macc.... if not. some one bring bad motive here...

Posted by diaz_flag > 2020-08-14 15:14 | Report Abuse

pls throw in more money, to feed dato chew family

Posted by BuzzmeFund > 2020-08-14 18:00 | Report Abuse

O_O #QualityGarbage, thanks all details stories. What a Fyling Dutch counter, bringing everyone to holland 4 sure!!!

Posted by George99 > 2020-08-17 08:08 | Report Abuse

Good day and happy trading....

Posted by scjm > 2020-08-17 15:16 | Report Abuse

could be a V shape or W shape recovery after a sharp fall

Posted by fl888 > 2020-08-17 15:49 | Report Abuse

PP approved by KLSE....

Posted by Loy88 > 2020-08-17 21:06 | Report Abuse

fl888 so fast approved?

Posted by fl888 > 2020-08-19 11:42 | Report Abuse

Hopefully can maintain price to 20 cts for PP price