well, at least selling of ESOS shares of both idiot directors are done with. Hopefully they dump it to sharks for the purpose of goreng. Sharks needs cheap shares to initiate a goreng. When goreng gets hot, people will jump in... so get ready to take profit when time comes.
I don't think Lin Houzhi and Lin LiYang is so stupid to lose more than RM600K in just 2 month. Most likely those shares are transferred to sharks to goreng and I am sure they will get back their RM600K with some profits and with additional profits to the sharks, MSPORTS should easily go above 15sen. So just watch out for any break-out.
Msports in Taiwan still stable at TWD 4.20. Meaning Lin selling is to spend money for CNY sound logical and not anything wrong in Msports. Rather than asking for money from company, selling own shares is better for shareholders. Perhaps no bonus(cut bonus) for Lin?
leo1234567 is right, even if the MSPORTS RM370 cash on hand is fake, they still have those massive factory building standing there, easily worth few hundred million. Because MSPORTS does not have much debts, and MSPORTS close business, those factories can easily be liquidated and shareholders handsomely rewarded. Anyway, I don't think MSPORTS can go down so easily.
Chinaboleh, I don't think Lin is desperate for money. If he is, he could easily make MSPORTS go up few folds for example by announcing free shares, mergers and etc ( don't even need to spend a single sen )... then only sell for CNY money. This fellow go and sell at a massive loss of more than 50% in just 2 month. Looks more like doing some Santa Clause work
Last 2 QR Msports report loss perhaps they want to give good bonus to employees hence high administration expenses. Perhaps they reverse it in 4th qtr QR? When no bonus(or cut bonus) Lin resort to selling his shares? Only he himself suffer loss(buying ESOS at 11 sen but sell only 4.6 sen) but no loss to company(Msports) from his action.
Msports has been listed since 2009. Meaning 6 years Msports annual report has been verified by their auditors. If read KYY postings in Xinquan his cousin even verified cash in Xinquan as true so cash in Msports likely true as well.
Chinaboleh: 100,000 Msports shares cost me RM 10,000. If within 1 year Msports move to 20 sen I double my money. Can I get high return on expensive stock? 24/09/2015 13:35
4 months, alrdy burn 55%, another 4 months I worried nothing left. China, you laugh Q die me.....hahaha'
I have a personal friend who were involved visiting them in China to verify that the money is real.
Trouble is some people kept on saying that the money is fake until people actually believe them, I doubt these people know what they are talking about, they are just making up stories. These people just want to talk negative, let me tell them, even if money is "fake" like they claim, just those factory buildings, easily worth more than 20sen/share. Since MSPORTS do not have any debts, if those factories are sold... easily take home more than 20sen/share from the current 5 sen. Maybe they will make up stories that all those buildings are made out of paper.
This kind of opportunity are hard to come by, when it comes... nobody wants it, after it left...then only they start to regret.
looks like those who sold at 4.5sen will be regretting big time, and those who sold at 5 sen and 5.5sen will be regretting too and those who just talk too much and did not buy when it hit rock bottom at 4.5sen... I hope you will grab some while you still can while this kind of price is still available.
What is a few millions when they have so many millions. Remember bonus issue increased holdings. They sell down then buy back at cheaper prices. See who can hold longer.
Not only tipu but also suppress the share by exercised ESOS 11 sen then sold average 0.046 sen . He want to create panic to the small shareholders if I am not wrong.
After speaking to my accountant friend this CNY actually shareholders have right to sue(but must pay legal fee) auditor for approving Msports(cash balance, etc) account. Since Erwin(no 2 shareholder) is also an accountant he must know it well since he bought Msports. We cannot do anything if Lin Huozhi does not pay any dividend(even richman KYY also cannot do anything when Xinquan does not pay dividend) unless someone can takeover Lin position.
To those patient investors(as oppose to those hit and run or short term investors) we have to wait when Lin decide to call it a day to retire we can expect bumper dividend from Msports huge cashpile.
Minority share holders are now losing shirts & skirts now. Never in our mind ,cash rich comp.can drop until lowest 4.5 sen. Don"t play2 with sharemarket.
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....
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Posted by show > 2016-02-03 07:05 | Report Abuse
well, at least selling of ESOS shares of both idiot directors are done with. Hopefully they dump it to sharks for the purpose of goreng. Sharks needs cheap shares to initiate a goreng. When goreng gets hot, people will jump in... so get ready to take profit when time comes.