@DepecheM. it is very obvious. they dont care about share price, cause they got it free from ESOS at 0.25 . haha. how can a company issue esos at 0.25 when the share price is 0.80 ?? it really shows the incompetence and unethical of the directors.
this Dato Tan Shih Leng is really a one kind arsehole, exercise this ESOS then buy share at 0.35 .. is that call buying own company share or stealing ??
" NEWBIE138 Just wrote an email to Mr.Calvin Lim from JCY to question about their ESOS activities after a bad QR. i know it wouldnt help to push up the price. Just want to know their reply or idea from management. 25/05/2021 3:41 PM" ============================
@Dicky Me. No reply from Mr.Calvin Lim. i question about them why keep issue Esos when the company has no profits and reduced revenues. No dividends declared also. I advised him to delist JCY in the end.
Yes ,it's logical that the company is looking for a buyer.
Yong Yoon Kiong is holding 1,515,483,052s since the company's IPO in 2010 and never sold any of it.
An acquisition by another company is the best way for him to exit. His wife and kids all living in singapore and they doesn't seem to have much interest in the company
@NEWBIE138 You are right, this company almost every 1 or 2 weeks issue ESOS.
When they buy from the market with higher price, the directors will sell their ESOS to make profit. Buying using company's fund but selling ESOS go into directors' own account.
Very smart way for the directors to make recurring income every months for the rest of their lives! No need to work also got huge income every month.
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....
NEWBIE138
125 posts
Posted by NEWBIE138 > 2021-06-02 09:19 | Report Abuse
@DepecheM. it is very obvious. they dont care about share price, cause they got it free from ESOS at 0.25 . haha. how can a company issue esos at 0.25 when the share price is 0.80 ?? it really shows the incompetence and unethical of the directors.