Though 3.1 millions shares+++ are blocked at 0.30 , it is futile as the sales volumes are overwhelming and unstoppable. it is likely to record down to 0.30 if not lower today
Key personnels/ management are said to have ditched the company following the recent hostile takeover and change of BOD. Apparently, they can sense that the company is no longer conducive to work in.
No matter how it is blocked ,the disposal is overwhelming and unstoppable. Why? majority of investors have lost confidence in this counter. The Key founders and key personnels have ditched the company . How well can you expect the company to be ?
Judging from the Fwd PE ,substantial loss of more than 10 million +++ is expected in the upcoming QR. There is no need to wait to highlight with hindsight then. Its already happening.
This company is different from SD ( Serba) where the founder, Dr.K doesnt want to ditch the company because of sentimental value and he is still claiming "no foul play" as at to date ( He should know better) but every one thought otherwise. Dr.K is putting its head inside the hole like an ostrich as if nothing was happening outside. On the other hand, RGB has been ditched by all its co-founders who run like ostriches faster than anyone else. To make matter worst, the compony is now in the wrong hand of the group up to no good.... so pathetic..
One man's meat is another man's poison. You may think the current price is not worth to buy but some may think otherwise. How cheap is cheap? I bet they dont have a clue.
Whether this counter is worth the current price or not is up to your own preference and judgement. Nevertheless, I hope your judgement is not prejudiced. There is nothing wrong to buy low and sell high but how low is low and how high is high. Perhaps, the low is yet to be the low and the high may not come at all......... Good luck
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....
nelsonlim
722 posts
Posted by nelsonlim > 2023-03-22 21:05 | Report Abuse
the one takeover revenue still need danny?