We have to talk the fact like 5 consecutive quarters of accumulated losses of > RM100 million losses. Because of the losses, had to carry out capital reduction, issuing notes to note buyer with 20% discount to convert to share and so on. I am not talking bad about Hubline but just trying to be in logical mind and hope for the best as I still have interest in Hubline.
if they are friendly parties like someone said why not do DBT to save commission? Meaning they don't know each other how many quantity or price they will transact.
Did touched 12 cent today. This is second consequative touched 12 cent.
Since 4 straight days and most bought at 11.5 cent with the volume about 200 Million unit shares, I guess only a few Million unit shares left able to quuee at the price of 11.5 cent with the assumption most people are holding their share and not willing to sell theirs until the share price cross over 20 cents.
Most people wish to see the share prices goes higher more than 20 cents since they have been trapped and paper loss including BILLIOM POWER, THE BOSS anf PAU.
If tomorrow closed at 12 cent then for sure next week will be skyrocket.
IT IS VERY SIMPLE...... AS LONG AS THE SHARE PRICE IS BELOW 20 CENT THEN ALL PEOPLE INCLUDING THE 3 PARTIES MEMBERS ARE LOSS ALL THE WHILE.
That is why THE BOSS have to push the price higher more than 20 cent with the intention to recover loss. THEY HAVE LOSS MILLIONS OF RINGGIT IN SHARE ALONE.
That is why the 3 parties bought as many as possible because they have planned this in years back anf take this opportunity to recover back their loss.
As far as I could remember, Hubline sank because of sour relationship among the two biggest shareholders. Billion & High... Shipping from Miri. Don't discount the 4th party is in play again behind the scene.
During a downtrend, there is a massive sell off after the candle starts. However, the candle closes at or near its high and at the same level as the open.
This signifies a weakening of the previous bearish sentiment. The longer the lower shadow, the smaller the upper shadow, and the smaller the real body, the more significant the pattern is.
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Feizal Mazlan
415 posts
Posted by Feizal Mazlan > 2017-10-03 14:40 | Report Abuse
The 3 parties are trying to acquired as much as possible before pushing the price goes higher.
I confident the price can goes up and it's just about time. WHEN!