This lousy stock is trapping more people. Those who were trapped were waiting to get the hell out. So once there was an opportunity to run they run like hell and now its back to low. Who chased and bought at 21 sen on 24th July ? After that it is downwards and downward no ending. Blood sucked dry. Poor investors. Why still kept supporting this lousy counter? Take a good look at the chart. How many are winners? Run lah. Loser counter.Imagine those tons of people who subscribed and bought at IPO price of 25 sen! 10 sen loss!!!! What a lousy performing stock. Cry without tears.
So is Peter Chai going to let us know if this JV is on? The MOU is valid for 3 months. The announcement was back on May. We should have a statement on this JV soon (about now).
They can't possibly expect shareholders to approve resolutions 2 & 3! What is their justification? Performance before reward. It is not a case of listing & then start eating up the money among the Directors. Pathetic. If they don't know what to do with the funds, maybe they should wind up & distribute the money back to shareholders instead of among themselves.
3. To approve the payment of Directors’ Fees of RM300,000 and benefits of RM1,172,223 for the financial year ended 31 May 2019. (Resolution 2) 4. To approve the payment of Directors’ Fees and benefits to Non-Executive Directors up to an amount not exceeding RM200,000 from 1 June 2019 until the next Annual General Meeting. (Resolution 3)
Thank you EVO. Yes....I agree with you. Do they deserve the benefits? Surely, the resolutions will be approved because they are majority shareholders. Why nothing is given to the rest of the shareholders. At least give some dividends.
There is resolution 1 proposal for 0.004 dividends. Well I suppose you have to give something to get something. Well 74% of the shares are held by the 2 key Directors, that is why they are not too worried about the minority shareholders.
Ok hoowk77......let them know we are not happy about them. However, I still think 0.4c is just chicken feed. Should hv been 1.0c instead. Better reduce remunerations for directors. Just a waste of money.
U r right robo. V as investors put monies into the company but sadly our return is peanut...Kacang putih. Pray hard Q1 result hv to be good, if not ×/×=!&×÷?×
Hoowk.....they already knew the Q1 results were good. Thats why they are giving out dividends. Imagine....the directors will be getting RM1.7 mil remunerations and on top of that they also will be getting 0.4c dividend on their 74% shares. If they don't change their attitude...by rewarding shareholders instead of themselves...the share price will forever languish at the bottom.
Right EVO......I'm sure in the long run they would want to enrich themselves by pushing up the share price. Imagine their nett worth if the share price goes up like Greatec. They are going to be billionaires.
Robo Top Can only sit back & watch the master manipulator at work. They cannot push to hard or they will be holding too high a percentage of holding. They will need to let go of some shares before they can start pushing it up by buying it back. This sort of scenario can only happen in a frenzy buy/sell market like what happen before in July.
EVO......they can always buy using proxy. Basically, by owning 74%...the shares are already cornered. Only 26% are floating in the market. If they can garner another 20% shares.....they can start pushing up already. The way I see it.....they have been collecting a lot at 15c. Thats why the share price was not moving for a few weeks at 15c. Now is just a matter of time before they start pushing.
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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....
tm9999
156 posts
Posted by tm9999 > 2019-07-29 19:24 | Report Abuse
Every day drop....many cut loss in this counter.