Do not buy at this level,risk is very high. Announce capital reduction of RM1/=par value to..??? Those holding at level 0.95 to 1.50,bailout as quick as you can and re engineer your position to other stocks to cover loss position. If you want to buy into the stock,wait till they have submitted and near x-date then go in.
The ex MD via Demi Maju has disposed more than 1 mil shares in the open market since 11th Mar.He still hold 12 mil shares as at 29th Mar.The new board is proposing (subjected to shareholders approval)to buy back own share from open market to shore up the price which has declined from above RM 2 to RM 0.86(market cap erased by 55%)
Looks like most of the shares floating among weak holders are the EX MD's shares. Price Volume relationship irrational due to selloff and manipulation.
Who is this crook Datuk Wira Syed Ali Bin Tan Sri Abbas Alhabshee? Ketua UMPorno Cawangan Cheras.
He is a member of Dewan Negara (Senate) of Malaysia on 21 April 2003 and his tenure of office has been renewed to April 2009. He is also the Chairman of Yayasan Pendidikan Cheras (YPC), Kuala Lumpur.
He also holds Chairmanships in Composites Technology Research Malaysia Sdn Bhd and Columbia Aircraft Manufacturing Corporation, both companies which are controlled by the Ministry of Finance.
He is also the Chairman of Yayasan Pendidikan Cheras (YPC), Kuala Lumpur.
Hit and Run.....all the Sharks infested companies.
Remember he cooked and fry every investors in Amedia recently and hold Bright speculators and investors at ransom with high price.
His Datuk Wira title same as Malacca CM Ali Rustam so you know whar's all behind these maneuvers.
Another tricks learn from ex finance minister Daim.
Be very careful.Invisible hand pressed down the price and wait for company to buy back.The last run was 12/3 @ 2.14. 23/4 @ 0.86. Price down 1.28 in 40 days.
Wondering why tis Demi Maju never fight back and gave way to tis UMNO guy to takeover the company just like tat? After building the company for years, suddenly people take it away. Tat's why it's not safe to just let the share at such a low price for a company that is cash rich. Vultures everywhere.
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sephiroth
14,125 posts
Posted by sephiroth > 2013-04-11 16:35 | Report Abuse
substantial shareholder, Demi Maju everyday dump the stocks likes there's no tommorrow