Operators, directors, major subscribers of excess rights shares make lots of paper profits.
Long term loyal shareholders felt swindled by directors for doing shares consolidation and rights issue, after frequent fund raising via massive shares issuance
Particulars of Director Name DATO' SRI LIEW KOK LEONG Direct (units) 29,079,999 Direct (%) 9.331
============= Particulars of Director Name DATO' SRI CHIN KOK FOONG Direct (units) 47,232,392 Direct (%) 15.155 Date of notice 07/06/2022
============= Particulars of substantial Securities Holder Name UKAY ONE SDN. BHD. Direct (units) 19,420,060 Direct (%) 6.231 Date of notice 07 Jun 2022 Date notice received by Listed Issuer 07 Jun 2022
(UKAY ONE SDN BHD is linked to one of the director)
================== Massive paper profits by directors and company linked to the director
Massive losses by long term loyal shareholders whose shareholdings were trimmed by 15 times due to shares consolidation and rights issue exercises
@whistlebower Ageson bosses didn't sell their paper profits....If more hold tight, may soon see the long term loyal shareholders regaining their losses!
Bursa Malaysia Securities Berhad has on 25 July 2022 issued an UMA query on the sharp rise in the price and volume of the abovementioned security recently.
I feel this counter can easily reach 68 cents. They consolidated 15x the share. It's still below the price before conso. Of course with the RI it's diluted, but I this counter is profit making. In fact, profit is double of MCO, easily will reach back to previous price before conso. Not surprised if this counter breach 80 cents eventually.
In a Telegram groupchat, I informed there last Friday that I would be exiting today coz the RSI was already high two weeks ago and got even more dangerously higher last week. The operator tried a move today but it failed
Curry, I did some super extra thinking during the weekend and I dunno what “mid and long term” means anymore in the current worldwide situation. I’ve got open options positions in the US but only just ONE in our local beloved KLSE
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
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....
whistlebower99
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Posted by whistlebower99 > 2022-07-21 14:54 | Report Abuse
Operators, directors, major subscribers of excess rights shares make lots of paper profits.
Long term loyal shareholders felt swindled by directors for doing shares consolidation and rights issue, after frequent fund raising via massive shares issuance