If not good why Lin Huozhi bother to spend so much money buying ESOS at 11 sen. In normal case director take up ESOS below market price meaning Lin does not want to control in Msports to Paramjit Singh.
Posted by Angielim9955 > Mar 28, 2016 01:14 AM | Report Abuse Chinaboleh & msports : hi guys , do you think this ESOS is a good news to us ?
He want to buy at lower price eg 2, 1.5 or even 0.5 sen. How can he know Paramjit Singh will buy when he sold at 4.6 sen?
Posted by tslai38 > Mar 28, 2016 03:38 PM | Report Abuse there was no difficulty for lin to jack up more then 11 cents at that time to sell ,why he wanted to sell at 4.5cents?
If Lin do 1 more time like malinfan said sell his ESOS bought at 11 sen at 4.5 sen he will lose Msports permanently this time Paramjit Singh no need to come out extra money.
Paramjit Singh is a lawyer. Among all China stocks listed here only Msports has local investors bought heavily. Perhaps he think Msports too cheap to be ignored since Taiwanese value Msports highly?
That's why we human being are different from each other. Some people will think sell cheap is good but there are also others(eg Paramjit) buying cheap is preferable.
Another 11.642 mln ESOS shr bot at 11 sen selling at 6 sen nia. . . . So good why sell so low? hahahaha', China, what's your next fairly tales story ah..?
some people are so funny, making up illogical stories, just to please others or themselves (not me), but when the price "shit", hahaha, they simply disappear liao ....
I got confident in this counter mah ! Cash rich Rm 340 m plus 0 debt, NTA rm 1.11. Mr Lin buy another Esos 11.6ms at 11 sen . So nothing to worry mah! Only those with strong holding power will be the winner. M.O.S. very high.
It is a cheap2 counter, I can ever find in this planet with o debt & cash rich .Like Mat Sabu said Singaporean came to Johore Wet Market, cheap cheap here cheap cheap there.ha ha ha
Lin & Param got Something to share with those diehard hero's:
1).... Today is Monday, nobody likes Monday, so we dun play on Monday. 2)....Tomolo is Tuesday, normally Tuesday the market is very slow, so Tuesday we oso dun play. 3&4).... Then Wednesday and Thursday came, regional market didn't support, so we dun play too. 5).... Come Friday, TGIF, preparing for weekend enjoyment, no time to play. Wait for next week to come, so finally Monday came, pls refer above 1)....
Now waiting for annual audited accounts and annual report to see whether 60 sen cash is there. Directors bought in their last transaction so they confident cash is there?
5150 MSPORTS MULTI SPORTS HOLDINGS LTD Delay in release of Annual Report
OTHERSMulti Sports Holdings Ltd ("MSPORTS" or the "Company") - Delay in release ofAnnual Report that includes annual audited financial statements together withthe auditors and directors reports pursuant to Paragraph 9.23(1) of the MainMarket Listing Requirements of Bursa Malaysia Securities BerhadYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
Why stock market is always a mystery. Since listing in 2009 Msports has made profit every year except latest one which is a loss. So auditor need more time to check whether actually Msports suffer loss hence delay in issuing audited and annual report. Latest QR also saw emergence of Paramjit Singh a lawyer as substantial shareholder so he does not want hanky panky in Msports account hence another reason for delay. http://klse.i3investor.com/servlets/stk/fin/5150.jsp
Msports Taiwan is TWD 2.65. Paramjit Singh has yet to sell and may need to buy more to takeover control from Lin Huozhi. http://www.bloomberg.com/quote/911626:TT
25/4/16: “… additional works to be performed by the External Auditors of the Company, RT LLP to verify expenditure incurred and bank balances. Deloitte & Touche, the Taiwan External Auditors is also unable to review works in line with Taiwan Accounting Standard Requirements.” http://www.bursamalaysia.com/market/listed-companies/company-announcements/5068249
These 2 events could be related. It is possible that the independent director / Audit committee members refuse to cooperate with the management in accounting fraud & hence they resign.
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....
malinfan
698 posts
Posted by malinfan > 2016-03-28 14:20 | Report Abuse
, , , , hehe' go in now, later cut head liao ... hahaha'