Posted by TheContrarian > 1 week ago | Report Abuse

Insas MGO on track ........ in about 13 months.

Posted by Tatooine > 1 week ago | Report Abuse

Not going to happen, the reason the warrants are being dumped and now so cheap as no one believes that

Posted by TheContrarian > 1 week ago | Report Abuse

In about 13 months time Ah Thong will exercise all his warrants at 90 sen requiring him to make a MGO at 90 sen.

Posted by Sslee > 1 week ago | Report Abuse

https://www.insas.net/ar-gm.html

AGM key matters discussed publish at above Insas Website link

Posted by Income > 1 week ago | Report Abuse

Year of snake，do you know what l mean?
It's a Dangerous Job.

Posted by TheContrarian > 1 week ago | Report Abuse

MGO will take place in the year of the 🐎

Posted by Income > 1 week ago | Report Abuse

Bloodsport?

Posted by jomvalueinvest2 > 1 week ago | Report Abuse

Is a MGO good for Insas?

Posted by Sslee > 1 week ago | Report Abuse

MGO is the only way forward if controlling shareholder Dato' Sri Thong and PAC what to increase their holdimg from 32.96% to anything above 33%.
The 33% is the threshold that trigger the MGO

Posted by Tatooine > 1 week ago | Report Abuse

They could do this at any time for many years and have never done it as they don't want or need to. Thong already old does not care about insas anymore.

Posted by Sslee > 1 week ago | Report Abuse

MGO will sure fail and Dato'Sri Thong and his PAC increase their Insas holding by exercise their WC into Insas share at conversion price of 90 sen.

After that Dato' Sri Thong will ask Insas BOD to give a special dividend of XX sen so that Dato' Sri Thong and PAC will have enough money to repay loans taken for the conversion of WC to Insas share.

Posted by Sslee > 1 week ago | Report Abuse

You can calculate with cash hoard of billion and still increasing from selling of inari share and cash inflow from the conversion of WC to insas shares. Insas will be full of cash to give a very special dividend

Posted by TheContrarian > 6 days ago | Report Abuse

Special dividend at least 35 sen.

Posted by TheContrarian > 6 days ago | Report Abuse

Mention special dividend and Insas share start moving.

Posted by Tatooine > 5 days ago | Report Abuse

Every year or quarter could do special dividend but never happens. Just bad 2.5 cent every year

Posted by Sslee > 5 days ago | Report Abuse

You must know if special dividend now the controlling shareholder and PAC only get 32.96% share.

But when controlling shareholder and PAC converted their WC how many % share of special dividend will they get?

Posted by TheContrarian > 5 days ago | Report Abuse

@MrSslee, no point explaining to those people who doesn't understand.

Posted by Tatooine > 5 days ago | Report Abuse

Rm3.5 million in shares in first 30 minutes of trade… surely something is leaking out

Posted by Sslee > 5 days ago | Report Abuse

It must be TheContrarian!

Posted by TheContrarian > Jan 20, 2025 10:21 PM | Report Abuse
Special dividend at least 35 sen

Posted by TheContrarian > 5 days ago | Report Abuse

Buyer and seller are essentially the same people, the upward in share price is to attract punters to buy the warrants which they would dump.

Posted by Tatooine > 5 days ago | Report Abuse

When ever price rise someone dumps …

Posted by TheContrarian > 5 days ago | Report Abuse

Dump to fresh water fish. Every year there will be fresh batch of water fish who "discover" the most undervalued stock in Bursa.

Posted by Sslee > 5 days ago | Report Abuse

Last year it was Tan Sri Tong of Theedgemalaysia and this year it will be who and who of Malaysia?

Posted by TheContrarian > 5 days ago | Report Abuse

Tan Sri Tong still holding on to the warrants, such fool.

Posted by Tatooine > 5 days ago | Report Abuse

Like always share price crash same day. Corrupt stock

Posted by xiaoeh > 5 days ago | Report Abuse

Dear all sifu
is Insas warrant still worth buying?

Posted by TheContrarian > 2 weeks ago | Report Abuse

Stay away from the warrants.

Posted by Sslee > 2024-10-15 21:19 | Report Abuse

Another option for Thong is let the WC expired out of money and Insas issue special bonus of one new warrant (WD) for every 2 Insas hold conversion price 80 sen.

Posted by TheContrarian > 5 days ago | Report Abuse

Insas closed up 2 sen but Insas-WC closed down 1 sen, obvious dumping of the warrants which are trading at a 10.5 sen premium.

Posted by xiaoeh > 4 days ago | Report Abuse

Noted and Thanks TheContrarian sifu

Posted by Tatooine > 4 days ago | Report Abuse

Now all quiet again.
Thong and board useless and corrupt

Posted by Tatooine > 3 days ago | Report Abuse

Just read the microlink rights issue, basically they are insolvent as people are jot paying them including an rm 10 mill default from overseas customer and they have been spending way over budget. This new share issue and warrants will decimate current shareholders of which omesti is the biggest. Thongs son of course sits on microlink board and like is father run compnies he is suppose to manage into the ground. Part of the deal to make him a board director even though he is not qualified was insas would save microlink by giving over cash that it will never see again. So thong and insas board screw over there own shareholders with terrible dividends whilst over rm1 bill in bank just to support thong family ambitions. This is crony territory and corrupt. Of course insas independent directors just turn blind eye and take payments. Thong will not take insas private as no meed when he uses it like a bank account and makes private money with the boards blessing.
Keep away from insas shares and warrants…

Posted by Tatooine > 3 days ago | Report Abuse

In addition, the following factors also contributed to the Group’s losses:
(a) one-off impairment losses on trade receivables amounting to RM11.33 million was
provided for as a result of the clients of two of the Group’s overseas projects under its
Financial Services and Enterprise Solutions segments, having defaulted in payment;
(b) higher recurring software development expenses of RM14.17 million for the Group’s
Financial Services segment in order to meet projects’ expectations within the delivery
timeline; and
The Group’s operating cash flow for the FYE 31 March 2024 decreased significantly to negative
RM27.96 million, a decrease of RM32.66 million from RM4.70 million in the preceding financial
year, mainly due to:
(i) late payments from trade and other receivables amounting to RM52.35 million mainly from
the Group’s Enterprise Solutions segment; and
(ii) higher purchases of contract costs and inventories amounting to RM17.43 million to fulfil
the expectation of the tight delivery timeline of projects under the Group’s Financial
Services segment as well as to cater for the incremental demands from projects under the
Group’s Distribution Services segment which collection is only received after the contract
has been fulfilled.
As at 31 October 2024, the total outstanding trade payables of the Group amounts to
RM51.85 million, of which RM51.07 million has exceeded the credit terms. The Group
intends to utilise up to RM8.00 million to repay aged outstanding trade payables. The
ageing analysis of the outstanding trade payables as at 31 October 2024 is as follows:
Outstanding trade payables as 31 October 2024
RM’ million
Within 1 month 0.78
1 to 2 months 27.30
3 to 6 months 9.23
More than 6 months 14.54
Total 51.85

Posted by xiaoeh > 4 days ago | Report Abuse

if now Insas share price is 2.00
Insas Warrant will be sought after with exercise price 0.90
and if Insas share price now is 2.00
with business structure unchanged as it is now
no one will question Mr Thong ability and all will sing song happy

Posted by xiaoeh > 4 days ago | Report Abuse

share price is the X factor😂

Posted by Sslee > 4 days ago | Report Abuse

People just wonder how Mr.Market price Insas below it cash holding?

All the blame is on controlling shareholder Dato' Sri Thong intentionally keep price at low level.

Posted by Sslee > 4 days ago | Report Abuse

If only Insas is allowed to give better dividend and SBB will Insas share price still remain at below RM 1.00?

Posted by xiaoeh > 2 months ago | Report Abuse

what benefit Mr Thong intentionally keep price at low level Sifu Sslee?

Posted by Sslee > 4 days ago | Report Abuse

Thong is timing when to increase his and his PAC holding from 32.96% to over 50% at the lowest cost to him and his PAC.

Posted by Sslee > 4 days ago | Report Abuse

So imagine if price at RM 2.00 and once he exercise his right to convert his WC to Insas share and hit 33% MGO threshold. The MGO will be at RM 2.00 for insas share and WC at RM 1.10.

If he keep WC expired out of money, he can convert his WC and trigger 33% MGO. The MGO will be 90sen for Insas.

Posted by Tatooine > 1 week ago | Report Abuse

Sslee you really believe thong only have 32% , market believes much higher via 3rd party holding. That why no one want to come in and fight him

Posted by Sslee > 4 days ago | Report Abuse

If you have hard evident that Thong and so called 3rd party or PAC hold more than 33% then you are welcome to make a report to SC.

It is an offence to secretly trigger the 33% threshold without offering MGO.

Posted by Tatooine > 4 days ago | Report Abuse

Of course not, you think these guys are amateurs…

Posted by arripapaa > 3 days ago | Report Abuse

All these fellows are professional buaya, they know how to play the game

Posted by TheContrarian > 1 day ago | Report Abuse

🐊

Posted by chamlo > 23 hours ago | Report Abuse

Inari why left RM 2.55 not RM 3?

Posted by speakup > 6 hours ago | Report Abuse

Insas game over

Posted by Tatooine > 6 hours ago | Report Abuse

Sadly agree insas will be the same next 10 years .. by then inari also no longer what it is. Thong specialises in killing every company that could have been valuable. If he was going to take private inari at rm2.50 would be the time to do it. He never will …

Posted by speakup > 4 hours ago | Report Abuse

Dah panik selling

Posted by xiaoeh > 2 weeks ago | Report Abuse

where got panic?
still far far away no sight from my dock