34.8 million SIS at 15.9sen 25.9 million PP at 15.9sen
Total = 60 million shares in the hands of "directors and employees" at cost of 16sen
Buying at 20sen now seems nothing but a TRAP!!!
Of course longer term if company shows solid business growth and performance then is a different story. For the current financial status and almost ZERO business of the company, anything above 16sen is a MAJOR RISK considering track record of directors who are so PANDAI in SIGNING MOU non stop but company also bleed non stop.
Current board holding the EGM now on 11June after calling police during last EGM, let's do it again to vote FOR all the reso to remove the current board of *****
Directors all selling now cos no longer need to hold shares for EGM voting, let retailers hug the shares at 18-19 sen then slowly wait to buy back at 15-16 sen level when retailer IMPATIENT and PANIC. Buy this as a long term investment lor.... wait for next goreng haha
Fcking stock..ppl enter 0.18 steady wait goreng...up to 0.205 only sharp drop to 0.175 scare die me cutloss, then he rebounce to 0.19...where got confidence play if like this
Already warned since last week that the current board/shareholders wanna exit their shares because no longer need the shares to vote for EGM, plus have cheap PP and SIS at 0.159 sen.
Today can see so call "operator" churning up a few bids to slowly exit to retailers, tomorrow will see whether they can exit in time unless they have more than T+3 facility but doubt so on such counter...
Don't be conned by announcement of Kee buying shares in open market as a sign of "positive things to come".
Kee had no choice but to support the open market price when the other directors were selling because they know they got alot of shares yet to picked up during the 120m volume day as they failed to churn up the price and retailers didn't rush in as expected.
If price continue to fall the selling pressure will incur them heavy losses upon pick-up day/force-sell when they fail to pick up.
Company is in serious mess by trying to do a related-party transaction involving GS Realty with many MISSING audited financial holes.
tak faham if you have shares in this counter why put a rein on the charging bull by selling now worse still by cutting loss now when one can get a higher price ...if must sell at least wait for 25 sen ...my personal view
anyway once the dissenting party is out of the way then there should be no hinderance for the price to start moving up, as it should be...good luck to all including me
looks unlikely, so back to the usual 2 to 4 weeks period of waiting and perhaps in the month of september/october would be a time to rejoice
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Posted by Speedmaster > 2021-05-24 23:25 | Report Abuse
Beware of TRAP....
https://klse.i3investor.com/blogs/nwpdirt/2021-05-24-story-h1565238224-After_calling_police_NWP_breakout_HIGH_What_is_going_on_Beware_of_TRAP.jsp