It’s not a problem for such small payment.It’s Kheesan subsidiary.No collateral with anything so no need to worry.If got with Kheesan assets than a big trouble.Now will be even lower.
Its already been digested when its fell to 17 cents.Now 24.5 cent.I ask this simple question will the director let Kheesan default the over 10 million?.Resistance 25-26 cent will tell.
My dear friend, will testing resistance 38 cent soon this month.One more thing passing 45 cent if Kheesan find way to pay over 10 million default(with chances to default less than 20 percent due to Kheesan had over 150 million asset)
this remind me a scene in wolf of wall street, where leonardo takes a job at a very small firm in the wake of his first firm's closing after Black Monday. His first conversation with his new boss has him saying that if he sells 10,000 shares, he'll suck his dick!!! hahahahahaha
I now like the new boss...really hope there is a white horse! lol
Look like possible shareholders of KSA will push up the price because NTA Rm 1.35 and 33 cent by vendor to takeover Kheesan (If KSA buy all the company) just to cheap.Its 75-77 percent discount.The sharesholders KSA would want more money to sell.
In a bourse filing yesterday, Khee San said that if the negotiations are successful, the purchase will be satisfied via the issuance and allotment of new Khee San shares at an indicative issue price of 33 sen per share.
Excuse me 33 cent valuation just to cheap to takeover Kheesan.If Kheesan buy all the company from Wah Kong.NTA Kheesan Rm 1.35.If buy some of Wah Kong company also too cheap of 33 cent valuation.
33 cent just first round.(Its just Wah Kong be substantial shareholder of Kheesan) and if Kheesan buy all 4 vendor company(then MGO will happen).33 cent just too cheap.
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Posted by Superb99 > 2019-08-30 16:38 | Report Abuse
market up 16 points, it drops 2 cents