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
In order to secure full control ,the mafia group is believed to continue to collect cheap( their investment)using funding from 3rd parties legal or otherwise.Once they are in full control ,they will rip apart the assets of the company and exhaust the cash ( the co is said to have ton of cash available) through " shenanigan deals" where funds siphoned would be used to repay their investments. It sounds like a perfect plot,doesn't it?
So do you believe that they care for the prospect of the company? The company is expected to be a penny stock forever ,leaving the investors holding the worthless paper in despair in the end.
As expected,the mafia gang has increased their substantial shareholdings as seen from the two members,leong and Teh who are now the substantial shareholders who are collectively holding more than 10%++ .
The gangs are expected to acquire more to reach more than 30++ to take full control.
Message to all Acquiring Banks which dealing with RGB, please take note and consider to undertake a sum of security deposit from RGB in order to protect your transactions and payment to your merchants. This is to ensure of all the stakeholders are not fall into financial and reputational risks. Once RGB become PN17, the company will run out of cash at bank, and it will become another famous scandal – Wirekard…….
the leung fella sold his holding in gpaket just to buy into Rev. Oh mai.....god blesss sama rev. I pray for gpaket too, hope it not fall into pee N satu tu7uh.
Anyway, ah @Jack2 ah, whats the lowest limit down of this kounter???
Whether the retailers and/or the duo have been tricked to sell or not is out of the questions. The retailers and the duo have lost confidence in this company and set to dump all their shareholdings open market anyway. Penny stock is unavoidable due to overwhelming dump.
Once the gang is in full control, they will adopt the " pump and dump" to recoup their investment or losses. A lot of retailers are expected to be drawn into . Why? ,they see it as " affordable cheap" penny stock but they fail to see the potential risk behind it.
epf tak sempat lari? but if epf didnt hold many.. still ok.. macam sapura government also got a bit. but they says it only represent small amount of their total portfolio. lmao.
Worst of all , many diehard investors refuse to accept the fact of no hope but to keep averaging and averaging till now ............... so pathetic.....
Though the gangs have increased their shareholdings by buying it cheap open market, they are expected to suffer huge paper loss when the price is dropping to penny stock. But they would be able to recoup by feeding off the asset including cash in the company once they are in full control.
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....
xuxu
5,462 posts
Posted by xuxu > 2023-03-23 15:24 | Report Abuse
last time did bought when it was still 1.0+ luckily cut loss with few cents loss.