They have some schemes la... They are not simple person. Even the company has a gold mine, minor shareholder still can't get even a cent from that...... think properly
IF there is really some value inside the company, they will not keep selling the shares and consider to cancel the issuance of new shares liao. The situation now is very very BAD.
agree with tenlot "The situation now is very very BAD." But who know this might be is their planning? they press the price to lower then they keep secretly buying back. then until the bill's court case settle or the debt is clear then the price will fly up
rogermoo, depend on these few days. If the price stay around 30 cents ++ more than 1 week, the possibility is very small. If the price is above 40 cents, see how long it can sustain...If it can sustain at 40 cents++ for more than 1 week, then the chances to go above 50 cents is bigger.. If the price go above 50 cents, it will drop to 40 cents again another time...... If really go above 50 cents, around 58 cents to 60 cents, you can try to sell out and try to buy in lower... Because, new shares are 50 cents, Bill has to make the market go above 50 cents in order to sell the new shares at 50 cents. One month back, i still expect that it can go above 50 cents because new shares are at 50 cents.....however, the company already consider to cancel the issuance of new shares due to TPY's case... I think this is the reason why the price drop sharply from 52 cents to 35 cents recently. If they resume the plan to sell new shares, the market price has to be above 50 cents to make the new shares attractive to allow fund raising. If they cancel the issuance of new shares, you can forget this MPCORP and start to sleep another 6 months.
The issuance of new shares at 50 cents, if the issuance of new shares can succeed, the price will go to 60 cents. I just bet the issuance of new shares will succeed.
IF they decide not to issue the news shares, of course they no need to interfere the market price. But you see the market price rebound a lot today and close to 44 cents. I think the new shares will be issued despite of TPY's case and they made a U-TURN these few days in the issuance policy. That is why the price rebound a lot today. But, where reaching 55 cents, that is the time we shall withdraw from the market because the market price is made above 50 cents to allow fund raising (new shares at 50 cents)
After fund-raising, MPCORP will be free of debts. However, it still need new funds badly to kick off new development project in order to generate income...... THe company is struggling right now to avoid falling into PN17
TPY is deemed as major shareholder due to its stake in MPCORP more than 5%. He has the right to hold EGM and organise new fund raising (issuing new shares). Like Lay Hong, QL trying to acquire Lay Hong through mandatory offer. TPY will issue new shares at prices below 50 cents, and this allow him to average down his buy price and further more overtake the position of Charles.
mentioning choong Pooh....is this possible to call the price lower a bit to facilitate my buying plan...HAHA.. If can fall back to 39 cents and buying at that price, the risk can be average down.
debts plus new liabilities will add more woes than spike in share price for new shares . If it was a debt ridden company , how much you pump in fund will still incur extra liabilities where the existing management will have hell of troubles to tackle more challenging tasks ahead ! Just like Suma, more rights and new shares but share price instead of spiking to greater height makes a u turn and dropping into amiss.
My insider news is correct or wrong? You may ask Calvin, he is my agent to answer. Calvin, you have to present me an affordable house of LAKEHILL if i got it correct...
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 > 2014-10-23 11:53 | Report Abuse
They have some schemes la...
They are not simple person.
Even the company has a gold mine, minor shareholder still can't get even a cent from that......
think properly