@linewalker circular will be despatched after 30th April provided price can go beyond 50 cts. Otherwise most likely will have another announcement to lower down the conversation price. I feel will be some time in May or June
It's no point to do trading as I am quite sure if you have entered this morning you would have taken profit long before and now dare not reenter. Important is to have the perspective of the upcoming warrent issue. The revised conversion price is 50 cts. Operator must goreng to above 50 cts unless they announce another revision down
Kfliau..warrant issuance is when?how do u know the revised conversion price is 0.50 instead of 0.60?I tried to check but didn't find info on this..and is it a must for them to push the price now to above 0.50 since warrant exercise price is 0.50? They can do that after warrants are issued?or some other time in the future?thanks..
sell down to 5.5cts then director start buying then push up to 30cts now director start selling again.....crook company beware next quarter report if another hefty loss then below 10cts again
@PlsHelpMe It was announced in Bursa on 13th March revised from 60 cts to 50 cts. If they don't push the price up to beyond 50 cts, there will be no incentive for warrent holder to exercise the conversion. Of course, they can announce another revision to below 50 cts if they deem market sentiment is too bad for them to push higher
If they wish to entice investor to convert, which they do, they have to push mother share to beyind 50 cts so that it's still profitable to convert. 3 years life span for warrent is rather short. They can't dili dali to take own sweet time. They have to attract investor interest by showing this stock can move. Furthermore, the bosses took private placements at 53 cts n 61 cts. Even though they bought 28 millions at 8 cts, their average cost should be about 25 cts. Hence at this level, it's still relatively safe. They obviously would go for the warrent issue for biggest gain. In between, they may still trade when price is high. It's not disclosed when the wartent will be issued but having built up the momentum, I don't think operator will just let it cool off. Just be patient n see through the warrent issue to reap the maximum profit
27-Mar-2020 Insider DATO' LUA CHOON HANN (a substantial shareholder) disposed 1,200,000 shares on 25-Mar-2020. 27-Mar-2020 Insider DATO' LUA CHOON HANN (a substantial shareholder) disposed 2,000,000 shares on 24-Mar-2020. 27-Mar-2020 Insider DATO' LUA CHOON HANN (a company director) disposed 1,200,000 shares at 0.150 on 25-Mar-2020. 27-Mar-2020 Insider DATO' LUA CHOON HANN (a company director) disposed 2,000,000 shares at 0.095 on 24-Mar-2020.
PRG Extreme Red Flag!!!...PRG is same as VC (Vortex) goreng up 25sen then all the way down to 0.02.....many kena burnt..... This Mr.Ng will soon enter super fast program selling !!!
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....
kql0003
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Posted by kql0003 > 2020-03-25 06:37 | Report Abuse
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