KUALA LUMPUR: The board of Tiger Synergy Bhd has squashed assertions previously carried in the media, among which include former Proton Holdings Bhd chairman Datuk Seri Mohd Nadzmi Mohd Salleh making a general offer for its shares at 60 sen each and having some “big plans” for the company.
In an announcement to Bursa Malaysia yesterday, Tiger Synergy said solicitors Yoong & Partners, which represent Hayat Maya and Syawaras, had confirmed in a response that the following assertions carried in the press from November to December last year, were untrue.
The assertions included:
• Nadzmi shall procure big plans for the company,
• Abdul Azmi will inject government-linked projects into the company and will replace the entire board of Tiger Synergy,
• Nadzmi and Abdul Azmi will make a move to take over the firm, and
• The duo will be appointed to the board of Tiger Synergy and will bring in business contracts worth RM3 billion to the company.
The news was dated 22nd Jan 2013.
Folks, the price was at 0.13sen (2/8/12) pending the 10% private placement & rights for warrant conversion at 0.20sen only.
When the duo announced as a stake holders stock price shoot up. Later private placement was priced at 0.395 (14/11/12) & 0.31 (8/11/12) while the shareholders coverted their warrants at 0.20sen only.
So who are the loser? Well folks, investors do have short memories!! Hahahahahahahah!!
Folks, the conversion of the warrants at 0.20 sen itself netted Tiger Synergy some RM9.2 million in cold cash, while placement of 30 million new shares brought in another RM10 million.
A good script. They got what they want while the punters are paying for that costs! Heheheheheheheh!!
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....
kadok1691
220 posts
Posted by kadok1691 > 2013-05-29 14:55 | Report Abuse
now time for tiger to join woods to play golf.....