I m talking abt THE ultimate seller ------------------------
Maybe. A little bit confusion. I gave my views on today's scenario concerning the probable reasoning for what has just happened to WB.
In my observation, for the past three days of transaction, started from October 11 and October 12 (based on the trend of dumping and pressing the WB to the lower price and at the same time the mother share was goreng up to test 7 sen).
THE ULTIMATE SELLER could be from those who held a mass quantity of the WB. Its supposed to be the operator/s who had subscribed for the RI. Maybe, they are opted to cash out from WB, and also pushed up the mother share price. It's also a probability arised for the operators to pump the mother share price for dumping activities.
THE ULTIMATE SELLER, no matter who he/she is maybe planed to opted out with good profit from the shares with WB they subscribed in the RI. Imagine, cost @6 sen and the proceed from selling the shares and WB = 6.5 + 1 sen = 7.5 sen. Its approximately 25% gain.
The pressing down process on WB price could spur selling on WB from some retailers who had described the RI. I think, its was the caused of mass selling of WB on October 11 and October 12.
The selling, if we observed on the quantity transacted on 13 and 14 October 2021 has been eased, referring to the smaller volume of transaction.
If this predicted scenarion is true, I think if the mother share price can be sustained at 5 - 5.5 sen, the WB price should not lowered to 0.5 sen for a long period of time. Its no more profitable for other RI subscribers to sell WB @ 0.5 sen and mother share @5 sen or 5.5 sen.
In a positive side, I'm hoping that its not the two major shareholders, which are Mr Kuah and Miss Chai who teamed up to be THE ULTIMATE SELLER of the WB.
Mr Sii Tung Nai should be excluded because he do not hold any WB as he is not involved in the RI subscription.
Please be noted that there are some probabilities for the operators to subscribe the RI shares in bulk because of the RI shares already can be predicted as will be under subscribed based on the share price transacted lower than 6 sen at the end of the EX-DATE of subscription and payment for the RI.
Too many uncertainties & guessing onto Kanger, causing it smells like short term speculations instead of long term investments.
Need true supports from genuine investors to generate profits, so tat it cud augur well to excell. Otherwise, it cud b short life excitements to those minorities
@Alf13. Yes. We just can keep guessing and predicting. We need to know every possible answers for what happened concerning the counter. We need information to make decisions on our investment in Kanger.
CURRENTLY, I THINK THERE IS ALMOST CERTAIN THAT OPERATOR/S STILL IN PLAY ON THIS COUNTER.
All short term investors in this counter have to make decision based on the current development of the price movement in the market.
For the midterm or long term investors, we need to collect the information about its future prospects of the company.
As an investor in Kanger, I'm opting to hold. The prospect is still there. TAYOR
Short term can just ignore this counter. It will probably stay within 0.045 to 0.060 for sometimes or at least till mid 2022 ( upon positive QR report ) . Unless vaccine come into play. Vaccine is still very much needed in endemic. We are now started 3rd dose ( booster shot)
Mid to long term , as long as the company still operational. There are many factors which can lead it to grow . Economy and covid19 recovery is a booster. Large bamboo processing plant and producer . 1 billion constructions order book . Genting apartments project , profitable Sung Master biz, profit from sales of property in China (Autocity/hotel,land etc) ,Kanger Medical International Sdn Bhd ( on vaccine, mask and other prospect on the endemic venture) . Should all good by 2022 ( QR should turn green) , if not then may be have to wait till 2025 (Genting apartments project (now only about 10% built ,expected to be complete within 54 months - as per February 2021 news. By then many have lost hope.....Growth should be seen within this 2 years. Unless there is a bad management , use of fund to buy other stock and etc.
Mr Kuah successfully raised 102 mil from recently concluded RI exercise.
But remember that Directors are responsible to ensure success of rights issue to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue.
@Kisshunter. Three of for days ago's transaction, I think yes.
For today's transaction, I think its maybe related to the risks and fear among retailers who are willing to dump the warrants at the lowest price. Like no more hope on Kanger. Like no more tomorrow. He He. TAYOR.
@Kisshunter. As an investor in Kanger, I'm opting to hold. The prospect is still there. TAYOR
For me. The current turbulence in Kanger, hope only caused by the act of promoters/sharks. Hope does not reflect the fundamental and prospects of the company. Traders and long term investors should adopt the different views on this turbulence. TAYOR
world richest salesman company share price now is usd3299...he sells a to z...if u invested in early stage...u would have GAIN 190,643 %...KANGER is in early stage...to the MOON...
Kisshunter @mzm2511.. You think this ri kanger will successful or not? If not, i think no more hope to kanger. --------------- The RI has been completed. Around 80 percent a success for Kanger.
Just thinking aloud: Those ppl (including the bosses) who are not going to convert WB sell it @1sen are actually doing Kanger good. Why? Bcos they are not hogging the tickets preventing company to get more fund. As mentioned, I bought WB to the max of my ability, and plan to convert to mom when I can afford it. Those who have the cash now to buy mom @ 5.5 are getting a good deal.... congrats!
I'm holding on for longer term due to all the positives as mentioned by MZM and again by JK22 above. But of course, it is my own responsibility for making the final decision!
Last week i told you all trader disposed the warrant at 0.01 , hope can help you all. who are brainless go to buy warrant 0.01, now who bought the warrant jus have 2 choice lose 50% or 100%.
I follow this Kanger since last year August. I did not want to comment when RI was called. My tots now are the trends and strategies of directors almost same. They will announce projects to create excitement. Whether real deals or just MOU remain to be seen. But they will try to stir up the prices every time and because Kanger got so much of floating shares, small time investors will dump at every opportunity. It will be very difficult get gains of even 2 sen support.
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....
OrlandoOilSemiconIoT
4,911 posts
Posted by OrlandoOilSemiconIoT > 2021-10-14 19:58 | Report Abuse
U don't get me
I m talking abt THE ultimate seller
MZM2511 @OrlandoOilSemiconIot. Today is the T+3 for WB.
694 mill shares transacted on October 11 2021. Today is the forced selling day for all buyers without holding power.
I think this group of investors are the majority sellers for today's transactions.
14/10/2021 3:23 PM