Prob with this stock is: you can hoot & hoot & hooooott......& never finish HOOOOTING....because there are billions of tickets hanging like a lead weight over the share price.
I believe a responsible board will prefer long term investors who buy into the company's future for the private placement. If the best they can do is people looking for a quick flip, then maybe their future isn't as rosy as what they imply in the public announcements.
sell down not only happen to this ctr only but the rest due to overall sentiment. main collector not supporting to collect high but just let it go cheaper to a certain price level.
xuxu otherwise how? They announced they are going to raise RM150 million through issuing new shares. At 10-11 sen per share, they need to issue 1.5 BILLION shares for PP or DOUBLE the existing share base. Even if they they issue 100 million each time they will need 15 rounds, each round they can tipu less and less people to help them goreng the price so PP investors are happy.
PP seller needs a buyer to throw at for higher price and the main collector at this weak mkt waiting to collect much lower price. probably price will comes to a sideway price at one point.
I believe they will eventually support around 12sen so that they can continue PP at 10-11 sen then goreng another round. If you want to play gamble, then go in at around 10-12 sen lor.
Now maybe they're throwing to true believes like Jackkin and his gang, aiya Jackkin, why don't you ask Jared Lim to give you all PP at 10% discount since you will hold until it fly to 60sen?
prob a lot of player got stuck possible range between 17-21 (est) and they might not push to that range for those stuck to sell off unless they want to push it much higher
No fear..for fighter warrior investor..no money watch..got money buy ..cannot pick up cut lost..ur risk ur right..die or not to die up to u..be ur self ..be a winner or a loser...here bskl some people over panic because of coronor only .. up ndown is the market character.. bless all
collector are not willing to push up for ppl to sell seeing the current mkt condition and PP are just waiting to sell. if price drop too low near their pp price they prob dont sell. so tug of war game..
4. We should not be surprised by a "delayed" or belated announcement that the said " independent third party investor(s)" is not independent but somehow "linked" to the new local management.
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....
DonLee
503 posts
Posted by DonLee > 2020-12-22 09:47 | Report Abuse
slowly buying back now sold 180 when pp news out...kns
aiyoooo