So, it's still a YU family affair. I reckon they control more than 35% of the company through nominees accounts and their proxies such as Chan weng fui.
Good news is all the force selling from the 120 million shares from 23/01 been absorbed nicely. In fact it turned green, Expect Rapid to rebound heftily tomorrow. Another counter that has been absorbing and collecting shares quietly is imaspro (also from Yu syndicate). Imaspro should see some solid rebound in the coming days.
Just do some critical thinking. Who bought/absorb all those shares (120m) on 23/01? i can confidently say that it's the crook Yu family and their proxies sapu everything. Sometime all these crashes are inflicted by the very controlling shareholders. If you look at Rapid's chart. It's on the uptrend since 2020. I suspect the Yu syndicate unloaded a lot of shares through their proxies that are holding less than 5% (in order to avoid being a substantial shareholder and thus the need to declare any buying and selling activity).
After unloading a huge chunk and crashed the share price, what to do next? Just go in and walloped while scaring all the retail investors with all sorts of negative news. Sometimes all these syndicates in cohort with the newspapers, analysts, investment magazines and so on spread the bad news. Thus retail investors panicked and throw everything while they happily collect at the other end.
If you look at Rapid's account for the last 5 years. There is not a single year it ran into losses. So at the current price with the NTA of about 1.59. What else you need to be afraid of?
YNH, Rapid and Imaspro is giving out HUGE ANGPAO for this Chinese New Year !!
@cksam Total yu family affair, owning lot of shares through proxies. Chan wen fui biggest scammer of all, goes from small fish to billonaire in a year, how?
share price already shows it drop so much. show margin disposal for what. lol. we knew its bad hence it dropped so much. it dropped. so? what go down never go up? thats how it work in share? all go down sure delist? lol.
Yu gang are trying to delay reporting their shareholding chg so as to conceal their intention to DUMP 30 mil shrs! This kinda mkt cannot support 30mil dumping without dropping to pennies.
So many people here blind with greed. Anyone buying this share in the current circumstance deserves to get burned. You have all been warned for months that this would happen.
no tangkap how to win? those cakap buruk.. sendiri quiet pergi tangkap. lol. saya cakap benar je.
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Posted by titan3322 > 2024-01-29 09:38 | Report Abuse
Berhati2 lah 🤣🤣