Unfortunately, most people in the market know that fatty Liew is not a generous and genuine person. If he is, all the counters he touched won't be at this situation. Have you forget to check how much ARBIOT is trading in NASDAQ? From 4 dollars?
That's normal. IPO at USD 4-00 dropping to USD 0.84 today. Remember buy now KLSE ARBB Mother at 7.0 or 7.5 sen and PA at RM0.005 will be safe and okay. You said Fat Boy not generous but you must remember, his very big portion of shareholdings is involved here. He also mahu huat mah.
Expiry/Maturity of the securities 14 Dec 2023, 07:00 Expiry/Maturity of the securities Instrument Category : Securities of PLC Instrument Type : Preference Shares Mode of Satisfaction of Exercise/Conversion Price : Others: Cash or Tendering of securities Exercise/ Strike/ Conversion Price : MYR 0.1400 Exercise/ Conversion Ratio : 14:1 Settlement Type/ Convertible into : Physical (Shares) Last Date & Time for Trading : 27/12/2023 05:00 PM Date & Time of Suspension : 28/12/2023 09:00 AM Last Date & Time for Transfer into Depositor's CDS a/c : 08/01/2024 04:30 PM Date & Time of Expiry : 15/01/2024 05:00 PM Date & Time of Delisting : 16/01/2024 09:00 AM Remarks : You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access
I am sorry that most of you/incl me lost $$$ in this toilet paper counter...
From now on, please spend your hard earned $$$ buying shares of company with real profits/stable & quarterly dividens and not just "profit" on paper/zero dividen and only know how to reward you with more of its Nasdaq toilet paper shares. ... good luck all in escaping this counter ever....
Since our BURSA is not doing anything about conmen abusing the stock exchange to con shareholders' money, we hope that NASDAQ side can do something about it!
thanos2020 & felet404. I understand your feelings towards Fatty Liew for losing so much money in this ARBB counter based on the apparent good company results reported by the ARBB from 2019 to 2022. I think the latest falling of ARBB market prices was mainly due to the adverse publicity of Dato Seri Chin's bad handlings of AGESON accounts and his wrong doings charged in court to him and to Ageson where DS Liew was his major partner in that business. Sorry for hearing and bearing all the losses. Who is not angry for losing money? FYI. I just came into this ARBB and ARBB-PA just this month in December 2023. All the while, I did not touch Ageson or ARBB before. SO SAD that all the earlier investors kena kaw kaw due to drop in Ageson and ARBB prices within a few months after Feb 2023 till May 2023 for Ageson and May 2023 to Nov 2023 for ARBB. Deep sympathies to all.
Description DISTRIBUTION-IN-SPECIE OF UP TO 20,124,963 ORDINARY SHARES IN ARB IOT GROUP LIMITED ("AIGL") ("AIGL SHARES"), REPRESENTING APPROXIMATELY 76.12% EQUITY INTEREST HELD BY ARB BERHAD ("ARB") IN AIGL, ON THE BASIS OF 14 AIGL SHARES FOR EVERY 1,000 ORDINARY SHARES IN ARB ("ARB SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF ARB WHOSE NAMES APPEAR IN THE RECORD OF DEPOSITORS OF ARB SHARES AS AT 22 JANUARY 2024 ("DIVIDEND-IN-SPECIE")
About ARB BERHAD ARB Berhad, an investment holding company, manufactures and sells wood products primarily in Malaysia. It operates through five segments: Investment Holdings and Others, Manufacturing of Wood Products, Barging, Timber, and Information Technology. The company manufactures sawn timber and veneer. It also engages in the provision of scows and tug boats hiring services; consulting services for project management; management services; and timber contracting activities. In addition, the company is involved in reselling customized enterprise resource planning software system and information technology related services. ARB Berhad was founded in 1989 and is headquartered in Tawau, Malaysia.
How to be entitled To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date. YES ; ONLY SAW THIS ANNOUNCEMENT TODAY. THANKS ABBA84.
HOLDING NASDAQ SHARES IS DEFINATELY MORE VALUABLE AND MORE MARKETABLE THAN OUR MSIAN MARKET SHARES. THE PROSPECT IS SURELY BETTER IN TERM OF PERFORMANCE AND RETURNS.
Fatty Liew using this exercise to dump his shares to the market and take this opportunity to cash out? NASDAQ shares more valuable? The whole exercise just giving out useless paper shares which cost zero for Fatty Liew to print,shares exchange shares? ARBIOT stock will go back to less than USD1. I wonder if the company still got any cash left or fully plundered by conmen through fake projects, investments, MOUs?
A company that truly make real profit will be paying you real dividend in cash, not giving you useless shares that is manipulated by the 'dealer' behind. Go and watch "The Gold Finger" can learn a thing or two from the movie.
Maybe his intention is to convert our ARBB shares to Nasdaq ARBIOT shares which is a Noble Move. Giving out Cash Dividends defeat this purpose. Don't you think so?
"Noble Move" LOL, perhaps changing auditors multiple times is a noble move as well. Surprised that there are still people that place their faith with the management
When we want to win Big, we must be Positive. LOL. DragonG, they have mentioned the ARB IOT shares will be received and transfer to us at no cost to us. See how they do it. Maybe open a new Nasdaq account for us all so that we can trade in our own Remiser's website together with our other KLSE shares.
The shareholders of the Company whose names appear in the Record of Depositors of ARB Shares as at 5:00 p.m. on Monday, 22 January 2024 ("Entitlement Date") shall be entitled to the Dividend-in-Specie ("Entitled Shareholders"). The Entitled Shareholders will receive their entitlements to the Distributable Shares at no cost.
Next week 5 days left to give yourself a chance to get Dividend in Specie of 14 Nasdaq Share of ARB-IOT for every ARBB shares you buy from KLSE. I have bought mine and the ex-date is on the 19/1/2024. I have never own any Nasdaq or Overseas shares before. Hope I got to taste what owning Nasdaq Shares is like. If you ask me to buy straight from the Nasdaq Trading, I won't because No.1, they are all mostly very expensive. No.2, they are all very foreign to me.
NASDAQ share mostly very expensive? Means u have no idea how NASDAQ run, their price of 1.50 means 1.50 USD , not 1500 USD. Don't expect too high on such offering, based on track record, ARB not so generous, top management will suck the money out of the company. If not, why keep on changing auditors and even their CFO? You didn't smell anything fishy? First Ageson, then Annum, one by one you can see their faith, all being sucked until dry.
I think that would be arranged by the Management as stated "The Entitled Shareholders will receive their entitlements to the Distributable Shares at no cost." It means to me that They will arrange everything to us at no further cost and allow us to trade altogether with an account linked to our Normal Trading Account in Malaysia. If I am wrong, please correct me. TQ.
ARBB-PA delisted yesterday 16-1-2024 but we investors have not received the auto conversion to ARBB shares yet. The Management should automatically inform us and change our ARBB-PA delisted to ARBB shares without any delay. PLEASE. TQ.
Currently performance in Nasdaq is USD1.42. If compared with our Malaysian Price of RM0.09 their Nasdaq price should be USD1.38 per share there. But our Malaysian price drops to RM0.08 now. But the Nasdaq price is still higher than our Malaysian Price in comparision. Still worth to buy if ARBB drops lower than RM0.09 per share here. My sincere opinion only. Trade at your own risk.
What is your basis when you say it is "worth to buy"? Does the company have any proper project? Proper software or solution which is well sought after in the market? or it is purely hoax? Based on MOU announcement?
How to be entitled To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
I also saw the Red Alerts you posted. That's why I stopped buying in anymore. Better be careful not to put so much of my eggs into one basket. Thanks felet404. I am observing. Even the Nasdaq side ARB-iot price dropping every day.
I am treating my risky investment into ARB-IOT as like hedging into the US Dollars as the latest current news from Bernama says as follow :- "At the current juncture, the US dollar/ringgit will continue to flirt around the RM4.70 level. The current support and resistant level stands at RM4.6611 and RM4.7958 respectively," he told Bernama.
Just Announced Today - Listing will be tomorrow 19/1/2024 regarding : Details of corporate proposal Conversion of Irredeemable Convertible Preference Shares to Ordinary Shares No. of shares issued under this corporate proposal 11,931,829
Last time there was an id*iot arguing with me on how visionary ARB is… that time was 13.5 sen. Now 5sen, where is the fella? I hope he didn’t died standing.
Already warned you guys this is a CONMAN counter, same boss same company ARBB, ANNUM, AGES, all same same, from China to Malaysia and will be running to other country as his next stop to repeat the same thing. For those who think "the stock is low enough, good time to pick up", good luck to you, it will only go lower. The cash already been siphoned out gradually and what is left will be just an empty shell. BURSA not taking action, God will punish the culprit behind, just the matter of time.
This ARBB today is acting very strangely. Despite today 19/1/2024 is an ex-date for Dividend in Specie distribution, yet the price of ARBB drops very little. Anything up that we do not know. Please advise. Strange ARBB.
Already INFORMED BY BURSA very clearly on the Ex-Date : How to be entitled - To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on or after the ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
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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....
felet404
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Posted by felet404 > 2023-12-15 18:49 | Report Abuse
Unfortunately, most people in the market know that fatty Liew is not a generous and genuine person. If he is, all the counters he touched won't be at this situation. Have you forget to check how much ARBIOT is trading in NASDAQ? From 4 dollars?