Posted by xuxu > Dec 21, 2020 3:21 PM | Report Abuse
The private placement .... -------------------------------------------- PP of 20% paid up (+ balance squeezed from open market) is issued to new/incoming CONTROLLING SHAREHOLDER (LIM & LEE) ...
The company must disclose who is the new party running the Company--to be transparent to existing shareholders.... the DICLOSURE.
Bursa/SEC should UMA the new M.D. why so many artificial (1 share) transactions happening on the Board!
"Private placement of up to 236,461,500 new ordinary shares representing approximately 20% of Company's total number of issued shares to independent third party investor(s)"
Any idea who are the independent 3rd party investors?
It's true that their story sounds very sui and they are moving in a promising direction but you must also be wary of how the management is behaving. PP at 11 sen look cantik when it was trading at 10-12 sen. That means the investors liked what was promised by the company. Then macam goreng up to 23 sen with crazy volume makes me think these investors were promised a quick profit at the expense of the minority shareholders. Let's see the volume traded over the next few days.
Bursa shld investigate all these unethical mgt who issue huge warehouses FULL of extra tickets @ ultra cheap prices...really shortchange the companies & line the pockets of unknown recipients only!
"...That means the investors liked what was promised by the company..."
1.Dont be fooled what you can see on the surface. Your above "investors" shall turn out to be the "New Controlling Shareholder" (FIL) with Management Control(SIL). This you will know when the company is forced by Bursa'laws of disclosure.
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....
pang72
51,990 posts
Posted by pang72 > 2020-12-21 15:57 | Report Abuse
Sometime too good to be true for 17c..