This qtr made profit from investment of shares in Meridian lah . Wait for their Sabah property project to generate profit and new project gain in future.... : )
If wait till permaju generate profit from business then u think still got this price meh. At that time price will be around 40 - 50 cts lah . Get in when price is still cheap dun wait till price shoot up only want to chase ... lol
Have to wait until EGM approved only can issue P P shares that means PP shares only will be issued after 31/3 and some more have to wait for 5 days average price to fix PP price.
bought some PA @0.04.. try luck.. sell when it is 0.08.. add more if 0.02.. which one is easier to achieve? eh... let's wait and see.. 2030 long way to go..
Depends on who is the PP. There is no set rule for the price will sure drop. If let's say good PP maybe like Public Bank or some Kenaga, u think price will back down ?
PP is more like become strategic partnership already. If good company have stake in permaju, they won't let the price drop below their entry, and have incentive to ensure permaju succeeds even more
Beginning of the month the price spike up was a signal already of market sentiment form insiders on the upcoming journey for the company. The reason drop back down because some speculators no idea just TP and bye bye. So market sentiment is optimistic. I can see a good 4x in the comming years
Will the company announced who is the PP partner? Normally it is silent and could be proxy of directors to make fast money from the lower offer price with discount up to 20% of the average price during the price fixing dates
3.2 Placement arrangement The Placement Shares are intended to be placed to independent third-party investor(s) to be identified later. Such investor(s) shall qualify under Schedules 6 and 7 of the Capital Markets and Services Act 2007. The Placement Shares are not intended to be placed to the following persons:- (i) a director, major shareholder or chief executive of the Company or a holding company of the Company (“Interested Person”); (ii) a person connected with an Interested Person; or (iii) nominee corporations, unless the names of the ultimate beneficiaries are disclosed.
The Proposed Private Placement may be implemented in 1 or more tranches (as the placee(s) may be identified and procured over a period of time rather than simultaneously) within a period of 6 months from the date of approval from Bursa Securities for the listing and quotation of the Placement Shares or any extended period as may be approved by Bursa Securities, subject to the prevailing market conditions.
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Posted by shorttermtrader > 2021-03-14 11:55 | Report Abuse
This qtr made profit from investment of shares in Meridian lah . Wait for their Sabah property project to generate profit and new project gain in future.... : )