Right issue by itself is fine, but how controlling shareholders make use of the funds is the key. If you look at how they want to use it for, I think the deployment for glove production is ok except that it depends on the management execution capability, which is a BIG BIG question mark. The rest of the deployment plans are plain rubbish!
Money received from conversion of preference shares has loaned to their crony and now asking money from the shareholders to pay for the right issue to their projects. Minority shareholders should reject the right issue
Must say the operator is very "snaky" and good at the stock operation game! It is not a stock for investments. Those who want to get involved got to know that.
Guys, forget about MMAG/VC/KTG and KV group of stocks (Refer to the edge weekly article 3 weeks ago) unless you want to lose $. Time to look at other more solid and storied stocks such as N2N (Check The Edge Weekly article), etc
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....
zzz1981
127 posts
Posted by zzz1981 > 2021-05-03 08:56 | Report Abuse
i dont think retailers will subscribe to it as its nomination basis. Furthermore its just a proposal and need approval prior