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i think you guys are dreaming not me. Aptec also you do not recognise. Giving you money also you reject. I cant describe how silly you are and how stupid you are. What i sure is Mpcorp over 2.00 in 1 month. Yahoo.....Millionaire, is me....waiting me... You want to join, then buy in now.
crazy guy(choongpooh), concept of APTEC has been a hot topic several years back. However, the JV proposed at the end will not be finalised. Nobody dare to cooperate with Billy. Amanahraya also stepped back. Better go and study history before you invest into this counter.
A total of 15 million shares in Malaysia Pacific Corp Bhd (MPCorp), amounting to some 5.2% of the total paid-up capital in the company, have been sold off by its former chief executive officer (CEO) and controlling shareholder Bill Ch’ng Chong Poh to businessman Tey Por Yee, sources said. Myb pooh pooh is related to teh.
Oversupply of what? Oversupply of highrise condos yes. But not for landed property. Landed properties are in hot demand in Iskandar right now. Jade Imperial by Bandar Sri Alam next door to MP Corp lands were Sold Out at RM467,000. At 1,200 sq (20' x 60') or RM389 psf
And MP Corp Lands Have An Amazing Low Value of RM8.40 psf.
In fact, i did not agree with speechless. I think oversupply is not an issue. There are still demands. However, i doubt the ability of Charles Ch'ng and especially when mpcorp's 5.2% shares were being sold at 0.55. Do you think minor shareholders can get better price than Billy? Is that possible? New shares are at 0.50. Will the market give a higher valuation than the price of new shares? If the market price go above 0.50, investors will prefer to get the new shares instead of buying higher. There shall be some interruptions from the major shareholders to the market price as you see that the issuance of new shares will definitely a failure as the market price lower than 0.50. If you want to put it a bet, my suggestion is awaiting for 0.58 and sell it. After that, you can get lower price as the price will drop back. However, i prefer not to involve in such risky investments. I am rather conservative. I have sold my shares. Good luck to others.
The market did not give proper response towards the plan to pay back the debts. It is not reality. As you see, when the debts were being cleared after the raising of funds, mpcorp still at the same position to kick off the APTEC and LAKEHILL unless the existence of JV. When Billy Ch'ng sold the shares to TPY, he did expect that TPY can help him to kick off the APTEC and LAKEHILL. However, TPY did not have sufficient funds to cooperate with Billy Ch'ng. The APTEC requires 3 billion. TPY is sued by Protasco BHD because of secret money issue. I think you guys better not to expect too much. It is an impossible mission unless new funds were being injected and the board was being altered.
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I'm stuck on you I've got this feeling down Deep in my soul That I just can't lose Guess, I'm on my way Needed a friend And the way I feel now I guess I'll be with you till the end Guess I'm on my way I'm mighty glad you stayed
Calvintaneng, Mpcorp is just a bubble after all. It is not your fault, is Billy Ch'ng. You just believe the wrong person. If you believe in Liew Kee Sin, then the outcome may be different.
For those who still hold Mpcorp's shares, you can make your decision to chop and withdraw. The price will become lower and lower. If you are waiting, you will lose more.
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....
choongpooh
195 posts
Posted by choongpooh > 2014-10-07 10:02 | Report Abuse
Good Morning calvintaneng.
I think we shall be confident with what we invest without thinking of the market price.