I followed. and eventually in the end, it becomes less than 0.l0. When it rebound from 0.04 to 0.09 and the news come out saying white knight to save the company i tried to buy in more to average down. After that, it is delisted and finally disappeared.
I thought the par value is high. You see 1.00 for each share. But the company even did not reduce the par value to repay the debts. It kept disposing its asset. I thought it still can reduce the par value to save the company. I am confident at that time.
Finally, it collapsed.Nothing left.
THE "EXPORT BANKS", something like that ceased to be major shareholders and trying to get back its loan in Namfatt.
But if the lands are lelong. Do you think the price can be good?
The lands are at any time to be caveat by the ADSB. On 10th March, Mpcorp signed agreement with ADSB to agree on a repayment settlement.It agreed to increase the loan amount to 130 million and was given 6 months to repay. However, it failed to repay the debts up to now.
Will ADSB caveat the land again and lelong the land? This is something we have to notice.
sometimes, the major shareholders only care their benefits. Their salaries are extremely high. They can established related party transaction, and make themselves richer by exploit the company's funds. That is why the prices of shares can be lower and lower but the major shareholders are kaya kaya.
Why do that when they also invested heavily. If they want to do that they will sell off all shares first! By so doing they are like cutting own flesh and eating it. Why so stupid. Must be mad to do so
calvintaneng, do not believe the asset within the company unless you really know the assets well. Sometimes, huge loses can be happened and give you a surprise. The major shareholders dig a big hole and they managed to get huge profit. In the end, only minor shareholders bear the loses. If the assets within MPCORP is valuable, why new shares are at 0.50? Why he does not sell at 1.00? Why Billy Ch'ng wants to sell to TPY at 0.55? Why??
Like Lonbisc, you know the NTA is about more than 2.00 few years back. But the price getting lower and lower.
And also their percentage in the company decreased as well. They asked third investors to acquire new shares at 1.00 through private placement. Finally, the LONBISC fall to 0.60.
You mean Bill needs fund heavily to kick off the APTEC .This will make the time to complete the APTEC shorter. And the value within company will be increased heavily. Hence, he made a decision to buy time instead of selling higher.
Lonbisc acquired LAY HONG and few years later LONBISC disposed it with loses ( not with profit). But , you see few days before QL acquiring LAY HONG with more than 3.00 (mandatory offer)
calvintaneng, mpcorp would not get any profit or benefits from this. The area of Pengerang Rapid is very big. Mpcorp can get very little benefits from this policy.
last time, billy said he can make the mpcorp's development areas (aptec) to be one of the tax exempted area. In the end, this application is told to be a failure.
i did not care how mpcorp will get benefits in the end. I care the share's price .... will the news boost Mpcorp. If the good news can boost the price, then is good news. If the good news can not boost the price, then in the end also no use.
The Board of Directors of MPCORP wishes to announce that the hearing of Application for Stay of Execution in respect of the Court of Appeal Order dated 19 May 2014 fixed on 9 October 2014 has been adjourned to 4 November 2014.
Why it is adjourned, already adjourned few times le...I think something bad happened.
If you do not believe me, you have to believe Billy Ch'ng. If you do not believe Billy Ch'ng, you have to believe Najib. If you do not believe Najib, you have to believe me.
Mpcorp more than RM 5 because of the success of Aptec and Lakehill. Buy in before late. You may have a chance right now. Do not miss it. Buy it on tomorrow. I support you.
Come, do not miss the golden mine. Calvintaneng told me, i agreed, we agreed.THIS IS MPCORP.Money Power Corp. Pengerang Rapid made the Aptec and Lakehill a success in history.
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....
tenlot
541 posts
Posted by tenlot > 2014-10-10 16:34 | Report Abuse
I followed. and eventually in the end, it becomes less than 0.l0. When it rebound from 0.04 to 0.09 and the news come out saying white knight to save the company i tried to buy in more to average down. After that, it is delisted and finally disappeared.