So court suspend the EGM but not major shareholders from trading? If they were guilty they sure throw their shares like no tomorrow while company still pay them salary for the "good job" they have done.
@Pang72, ahpang ah, mana tau, mungkin ini sumua sandiwara dan wayang sahaja. Kalau takde wayang dan sandiwara, takde investor akan take note this counter ma...anyway, their business objective remains same right, BAU and make more money de.
Mind you . The sudden surge was just illusionary. Litigation is ongoing and the board tussles are in the interim . Who is right and who is wrong? , nobody knows at this moment . I have a feeling that the duo and EN would settle out of court after some secret deals. No matter what kind of deals there would be, the shareholders are always at the losing end.
There are investors like me who have been putting my faith on the 2 brothers, believing them towards the end, and ready to vote for them in the EGM despite with my little shareholdings.
But reality is cruel, now Ng Shih Fang is throwing the shares like no tomorrow, do you guys know how much shares he sold on the market for the past 2 weeks?
27,434,300 UNITS OF SHARES Revenue have a share base of close to 482.0 million, and the brothers have the audacity to seek our trust in them, and then appeal to the court to delay the EGM, then subsequently selling the shares in the open market which is effectively 5.69% of the total shareholdings of the company.
FINE. Maybe they are just tired of the corporate game and ready to call it a day.
What really triggers me is the “EMPLOYEE” is still cheering like a clown on the release of the brothers from MACC, as if it was something honorable. _________________________________________________________________________________________________________
Dear Mr. Insider/Employee,
CAN YOU EXPLAIN WHY THE BROTHERS ARE SELLING THE SHARES NOW?
WHY DID THE BROTHER TRANSFER THE SHARES AMONGST EACH OTHER?
Please let us know.
A deeper disappointed man who trusted someone wrong
that what happen when court suspend EGM but didn't suspend them from trading. I am guessing both side will start collecting and consolidate they share to win in the next EGM after court order expired
Leslie Goh - hello very contradicting postings within one hour. first you mentioned Eddie disposing then before even one hour you said Eddie buy back. you OK ke?
No more EGM. The Duo has challenged their suspension and proposed removal as being invalid. Let the legal take its course now. It is a waiting game. Meanwhile, Dino will continue to consolidate to more than 20% to the maximum that is permitted by SE and end up the most significant largest shareholder singlehandedly.
With the support of his diehard shareholders, Dino is expected to secure more than 50% supports and will become the chairman of the Group . Eddit would be outcasted in the end.... happy ending or not remains to be seen. Guess who is audacious now ?
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....
redhotpepper
706 posts
Posted by redhotpepper > 2023-02-13 23:24 | Report Abuse
@,Porridegrice, sold some and retained some, thx to promotion and marketing strategy from bwk