Posted by oasischeah > 2021-07-27 18:10 | Report Abuse

Only can happen here. No further action. Retail people suffer.

Posted by Risk Trader > 2021-07-28 00:32 | Report Abuse

DJ & Nasdaq trumble today, KLSE will continue downtrend this week.

Posted by Risk Trader > 2021-07-28 00:33 | Report Abuse

Better clear all the position and keep yr cash at FD is better

Posted by mudzaffar > 2021-07-28 15:43 | Report Abuse

can trade at good counter but not this rubbish counter..

Posted by Bgt 9963 > 2021-07-31 09:15 |

Post removed.Why?

Posted by Bigboss99 > 2021-08-03 15:57 | Report Abuse

Boss keep pressing the price haha

Posted by Bukit > 2021-08-12 12:59 | Report Abuse

No joke, push up one day and then falling everyday. Seem like the free bonus/warrant gimmick does not work. Ha ha.

Posted by Bukit > 2021-08-12 15:05 | Report Abuse

Practically all are selling at a loss. Really don't understand.

Posted by Bgt 9963 > 2021-08-12 16:36 |

Post removed.Why?

Posted by kudamuda > 2021-08-13 18:04 | Report Abuse

Announcement of Multiple proposal on 26Jul mentioned the company shall submit the application within 2 months... and estimated timeframe for completion is 3Q of 2021.

Take note that, MMLR Rules 6.30 (1A) states (as highlighted in the proposal document itself too):

(1A) A listed issuer must ensure that its share price adjusted for a bonus issue is not less than
RM0.50 based on the daily volume weighted average share price during the 3-month period
before the application date.

Tricky things...
- Share price should stay above RM1.50 in average for the 3 months period before application date.
- We can see share price generally trending above RM1.50 prior to 3Aug21 & start to drop to low of 1.2x ~ RM1.3x past few trading days.
- if the share price continue to drop significantly below RM1.50, resulting in lower daily VWAP, it may affects the compliance to this rule.

So? probably they shall submit the application ASAP? or, investor can hope the price trending above RM1.50 in coming days?

or... the proposal would be amended?

curious..

Posted by StreetAnalyst > 2021-08-15 01:06 |

Post removed.Why?

Posted by Bgt 9963 > 2021-08-15 10:33 |

Post removed.Why?

Posted by kudamuda > 2021-08-19 02:55 | Report Abuse

Ah hah… so they have to amend the bonus issue proposal to 1:1. It seems apparent that the 3 months average price prior to application to authority can’t sustain above RM1.50 for compliant to MMLR 6.30 (1A) rule.

Posted by Asyraf96 > 2021-08-25 11:37 | Report Abuse

Buy noww TP 1.70

Posted by Asyraf96 > 2021-08-25 11:50 | Report Abuse

All in

Posted by ViWizard > 2021-08-26 16:30 | Report Abuse

lousy la cannot up

Posted by Young Padawan > 2021-09-01 07:21 | Report Abuse

Any news on QR announcement? Shouldn't it be done before end of August?

Posted by SamOscar > 2021-09-03 18:58 | Report Abuse

Very soon . Bonus issue will cancel due to price can not me the criteria

Posted by Sakuragi11 > 2021-10-04 13:03 | Report Abuse

Bonus issue and free warrant approved....waiting for show to shoot up....suppose to retrace back to RM 1.30 and above within this week

Posted by husky88 > 2021-10-07 22:45 | Report Abuse

No hope.

Posted by slyvac > 2021-10-08 01:17 | Report Abuse

Gogogo

Posted by Sakuragi11 > 2021-10-08 15:21 | Report Abuse

alamak PP delay to 31st Dec 2021....means the pricewont be stable down till 31st Dec.....lollll

Posted by roger3210 > 2021-10-08 16:38 | Report Abuse

in fact, price will keep going down until all the remaining 15mil units private placement finish :D, good luck if u stil holdng

Posted by Ultraman > 2021-10-12 00:56 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3199817

Posted by Ultraman > 2021-10-12 00:58 | Report Abuse

Finally ... EGM on 27th Oct

Posted by roger3210 > 2021-10-12 11:14 | Report Abuse

the owner will engage operator to press down the price, it wont go up until private placement is over. in fact, it may keep going down non stop. Any rebound is an opportunity to run for ur life. good luck

Posted by ViWizard > 2021-10-12 11:22 | Report Abuse

goreng lo masih tidur kah

Posted by roger3210 > 2021-10-12 12:13 | Report Abuse

dont dream of goreng, else no one will buy the private placement, CGB recently extended the deadline of private placement to end of december to issue the remaning 15mil shares. If you read bursa announcement, there is only 1 buyer of the private placement, Macquiarie Bank, however the subscriber is subscribing it very slowly, i believe there is a deal btw CGB n Macquiarie Bank of the private placement price. So dont be surprise if it continue to drop even if there is bonus issue coming :D

Posted by roger3210 > 2021-10-12 12:16 | Report Abuse

Let me money into ur pocket, once a share announced private placement, most likely the share price will go sideway or drop, worse if the share went up a lot b4 the announcement, the price will even drop further , this is to enable the co to issue private placement share at lower price to attract private investor. you may buy when the private placemnt is over.

Posted by ViWizard > 2021-10-12 12:17 | Report Abuse

apa takut dua bulan lagi sudah dec

Posted by roger3210 > 2021-10-12 12:23 | Report Abuse

haha, by December world market may undergo sharp correction lead by US :D

Posted by ViWizard > 2021-10-12 12:34 | Report Abuse

haha how about malaysia?

Posted by Ultraman > 2021-10-12 13:55 | Report Abuse

The floor price is RM1. They must maintain the ex price above RM0.50. This is the requirement. So die die can't let it drop below RM1.

Posted by Ultraman > 2021-10-12 13:57 | Report Abuse

So the downside risk is RM1. But the upside reward is much bigger than the downside risk

Posted by roger3210 > 2021-10-12 14:53 | Report Abuse

there is no floor price for private placement, the price is determine by the owner and the private investor.

Posted by roger3210 > 2021-10-12 14:54 | Report Abuse

If I'm private investor, I will ask the owner to press down the price so that i can subscribe the placement share at lower price :D (Hint given)

Posted by Ultraman > 2021-10-12 15:06 | Report Abuse

Not the floor price for private placement, there is a floor price for the bonus issue exercise.

""The Board takes cognisance of the maximum number of Bonus Shares allowable under
Paragraph 6.30(1A) of the Listing Requirements. Pursuant to Paragraph 6.30(1A) of
the Listing Requirements, the share price adjusted for the Proposed Bonus Issue of
Shares should not be less than RM0.50 based on the daily VWAP during the past 3-
month period prior to the date of the listing application to Bursa Securities'''

Posted by roger3210 > 2021-10-14 16:52 | Report Abuse

about to break below RM1 soon.

Posted by SHQuah > 2021-10-14 18:10 | Report Abuse

Let it break RM1. Don't support so next time could buy cheaper.

Posted by Ultraman > 2021-10-18 15:46 | Report Abuse

Finally its moving .....
A meaningful breakout from the down trend supported by a good volume

Posted by Ultraman > 2021-10-18 15:47 | Report Abuse

Tested the base at RM1.03 few times. Proven a solid base which cannot be broken through. Time for the uptrend from now

Posted by roger3210 > 2021-10-18 15:52 | Report Abuse

wont come anytime, still got 15mil share to be issue under private placement, owner will engage operator to press it down later :D

Posted by roger3210 > 2021-10-20 17:12 | Report Abuse

as what i expected, owner press down again, still long way to go before private placement over.

Posted by CP0428 > 2021-10-21 16:56 | Report Abuse

@roger3210 l noticed your outstanding shares is always 15mil. What is the actual oust shares to be placed?

Posted by roger3210 > 2021-10-21 17:43 | Report Abuse

Another 12mil shares to be issued under private placement. @CP0428, it is private placement where the co can select the private investor for additional share they want to issue to at a mutually agreed price range. Normally private placement complete in 1 or few tranches, but CGB is taking its own sweet time to issue as snail pace. CGB owner will not let the share price, or even press it down further if the price range agreed btw CGB n the private investors is lower.

Posted by CP0428 > 2021-10-21 21:15 | Report Abuse

@ roger3210 Thank you

Posted by ViWizard > 2021-10-22 14:51 | Report Abuse

roger mana ada below rm1? haha

Posted by roger3210 > 2021-10-22 17:07 | Report Abuse

coming soon

Posted by roger3210 > 2021-10-25 11:44 | Report Abuse

ViWizard, I jst need to wave my wizard wand and CGB going to break below 1.00. still another 10mil private placement to be issued, more sell down ahead until PP is over.

Posted by roger3210 > 2021-10-26 09:23 | Report Abuse

warning has been given :) finally below RM1. where is the guy who claimed it will not go below RM1 ? as long as PP not over, it will continue to fall non stop.