Because Thong who controls the useless board will do nothing. If you invest in insas everyone knows you are trapped unless the old man does something and the chances of that are little. That is why no one big will ever invest in insas. Same reason it is so undervalued as the real value will only come if something changes and at the moment and for many years does not happen
The last time because of market meltdown due to covid-19 lockdown. This time round will be Thong and PAC last chance to increase their holding from 32.96% to over 50%.
“Tatooine > And last time what happened, thong let all the warrants expire. It will happen again.”
It has nothing due to last time; it is the Exercise Price vs Price at Maturity Date. Below is the data:‐ Insas-WC, price as at 20 Dec. 2024: MYR0.14 Maturity Date: 28-Feb-2026 Issue Size: 331,409,290 Exercise Price: MYR 0.90 Ratio: 1:1 Underlying Stock INSAS, price as at 20 Dec. 2024: MYR 0.91 Intrinsic Value: 0.01 (7%) Time Value: 0.13 (93%) Premium: 0.13 (14.28%) Gearing: 6.50
If the Intrinsic Value is negative, might as well collect from the market and let the Warrant Expired..for a Happy Trading and TradeAtYourOwnRisk
Insas Board sell more share in inari to cover losses at insas . Completely incompetent board and management, always blame ukraine and everything in the world rather than admit they are useless
Hoho Insas the only best investment is on Inari .. Why ???
Dato' Dr Lee Chung Wah spent more than a decade in financial technology when he assumed the position of CEO and executive director of J & C Pacific Sdn Bhd (a subsidiary of INSAS Berhad, which is listed on the Main Board of Bursa Malaysia) from 2009 to 2016. He was in charge of several business units in Asean region.
He was in charge of several business units in Asean region. As a serial techno entrepreneur and investor, he is one of the partners of International Supply Chain Alliance Ltd. Hong Kong, a leading supply chain and logistics platform internet company which owns www.oym56lm.com with main operations in the Greater China.
As an active Fintech entrepreneur, Dato' Dr Lee was listed as an inventor to several granted patents under the Patent Cooperation Treaty and World Intellectual Property Organization in Australia, Singapore, United States of America and others. Prior to that, he was the general manager of INSAS Berhad from 2006 to 2007.
👉👉👉Hoho How Good is Insaf Investment after 2017 ???
Omesti ? Hohup ? Microlink ? Divfex ? Fashion n Beverage company ( not listed ) , and Duramitt ( a glove company, thru associate company Divfex ( from 19% to 25% to current ard 34 % ) invested RM 40 Million in Duramitt ( 50.1 % ) on November 2020 .. New Glove factory is Operational on June 2021 .. How much is the Losses Until Today ??? Even no corporate structure that use to plan corporate taxes …shl stripping u slowly n softly… 👉 Hoho I am posted Top Glove TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 ..
And posted the study on Nitrile Gloves Demand vs Supply of 7 Local Gloves company on August 2020 that Supply Shl fulfil Demand in 12 months …
👉As posted earlier , Insaf keep selling Inari Shares although market price is Low on 2019..at prices ranging from RM 1.68 to RM 1.81 , ( of coz Insaf buying price is low .. as low as ard RM 0.38 .. I did bought Insaf n Inari during Ah Sweet keep buying Inari .. with mentioned Dato' Dr Lee Chung Wah background…
Insaf holding Inari shares is greatly reduced from 2012 … 43 % to currently
regardless of trade la, invest la or gambling la to me all acceptable as long as win rate is high what the use of one label himself as a die-hard investor but keep losing money or not making money...😂
those who only accept people calling them investor and strictly reject the name of trader but not performing well 😂 ofcoz those who performing well are exception😂😂😂
Some people dumping warrants. Everyone just given up on the board and thong. I hear sadly he lost his wife end of last year. Dont think he is bothered about company anymore
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....
Tatooine
330 posts
Posted by Tatooine > 1 month ago | Report Abuse
Insas sell more inari shares, means main businesses and subsidiaries badly managed losing money like always