my target is 55 cents. Same with the price of Bill Ch'ng..... TPY yesterday told press that he is going to make Nexgram a next developer....(Nanyang, whole page).. But , he did not mention Mpcorp....I think he will sell his stake in MPCORP. This will make Mpcorp even harder to pay back the debts.
Calvin, i am so sorry to tell you that i might be disposed again may be at 0.41 or 0.42 tomorrow if was allowed.I will not stay in this company. AFS 2014 was delayed due to some reasons. Something bad happened and the company tried to cover it by delaying the AFS 2014. GO and see klse's announcement today.
Pursuant to Paragraph 9.28(5) of the MMLR, if the Company fails to issue the outstanding AFS 2014 within five (5) market days after the expiry of the Relevant Timeframes (the last day of this five (5) market day period is referred to as “Suspension Deadline”), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of the Company. The suspension shall be effected on the next market day after the Suspension Deadline and will be lifted on the market day following the issuance of the outstanding AFS 2014 unless otherwise determined by Bursa Securities.
Pursuant to Paragraph 9.28(6) of the MMLR, if the Company fails to issue the outstanding AFS 2014 within six (6) months from the expiry of the Relevant Timeframes, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall commence de-listing procedures against the Company.
The Board of Directors of MPCB wishes to announce that the issuance of AFS 2014 will be delayed as the audit is currently still in progress and the Company wishes to provide more time for the external auditors to complete the AFS 2014. The Company is working with the external auditors to finalise the audit expeditiously.
Below is the main point: fails to issue the outstanding AFS 2014 within five (5) market days after the expiry of the Relevant Timeframes (the last day of this five (5) market day period is referred to as “Suspension Deadline”)
If the AFS being delayed more 5 days, they have 5 days more to sell out.....this explains why its price become volatile recently. Suddenly up and down......
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 > 2014-10-24 21:00 | Report Abuse
How much do you have, Calvin?
I borrow as much as possible...
I pay you back 200%, how?