Posted by Go lucky Happy > 2 months ago | Report Abuse

Imo the court case between Edelteq CEO and Mi Technovation has nothing to do with the stock price going down recently. Maybe because some investors thought it may affect the company, they started to dispose off their shares in edelteq.

Posted by paktua73 > 2 months ago | Report Abuse

yes correct @Go lucky Happy..



tut tut
let see by 3pm today

Posted by mf > 2 months ago | Report Abuse

European stock futures slip after U.S. downgrade; risk sentiment hit
Stock Markets
Investing.com - European stock markets are expected to open lower Wednesday on concerns about slowing growth, while risk s

Posted by paktua73 > 2 months ago | Report Abuse

edelteq still bernyawa so paktua will fight hard here..


tut tut
hope on 7hb aug have good new

Posted by HappiGoLucky > 2 months ago | Report Abuse

Topup some, have faith in the management

Posted by Daily88 > 2 months ago | Report Abuse

looks like Mi not going to let Edelteq get away with something. That writ summon is so freaking serious that they are getting all documents in Edelteq to be confiscated.

Posted by Go lucky Happy > 2 months ago | Report Abuse

@Daily88, still it is an outside matter between the CEO and Mi Technovation as it doesn't involved with the company.

Posted by geary > 2 months ago | Report Abuse

EDELTEQ Daily Momentum!
Closed @0.575.
Bear: 0.555.
Bull: 0.615.
Unwarranted Lawsuits!
"U guys settled at 'kopitiam"!
Pinang Judge.
Oscillator: Light Green!
Trade at your own Risk/Reward!

Posted by geary > 1 month ago | Report Abuse

Latest News!
EDELTEQ has engaged lawyers to contest this action and the Anton Piller Order.
The Board has been advised that it has 'Good Grounds' to contest the Litigation.
The Board has also been advised not to disclose the contents of the Anton Piller Order until it is permissible to do so.
Business can be really challenging, but unwarranted to begin, from MI.
Neutral Sentiment!?

Posted by geary > 1 month ago | Report Abuse

EDELTEQ Daily Momentum!
SMA 200 n 50: Indicate a Cross n green divergence!?
Pivot: 0.58
R1: 0.62.
Buy/Sell at your own Risk!

Posted by cheeseburger > 1 month ago | Report Abuse

@ Go lucky Happy , i suggest you go understand the latest court case filed, what do you mean is outside matter between the CEO and Mi Technovation as it doesn't involved with the company?
The latest court case is about inter-alia for Breach of Confidential Information, Copyright Infringement, Patent Infringement, Conspiracy to Injure and Unlawful Interference with Trade.
9 defendants been named as well as all EDELTEQ company and its subsidairies. This is no longer outside matter in between CEO and MI Technovation.
On 27 July 2023, vide the Companies’ Notice of Application (ex-parte), the Penang High Court granted an Anton Piller Order allowing the Companies’ solicitors and independent experts to enter the Defendants’ corporate premises for the purposes of searching for listed items allowed by the Anton Piller Order. The said Order was executed and commenced on 31 July 2023 and is on-going.
In simple terms the company been searching for evidence of copyright, patent infringement. As for normal investors, the advise is to step sideline as we never know what would be the next thing to happen.

Posted by Zek777 > 1 month ago | Report Abuse

wow

Posted by Zek777 > 1 month ago | Report Abuse

MONsoon

Posted by Zek777 > 1 month ago | Report Abuse

bear mode

Posted by SuperTrump69 > 1 month ago | Report Abuse

habis game over ggwp

Posted by paktua73 > 1 month ago | Report Abuse

Paktua exit from here due to bad impact bu Court case..



tut tut
abit regret tapi adat trading ada masa kena make keputusan sukar.

Posted by kingkong99 > 1 month ago | Report Abuse

Steady Paktua.........you are a brave fighter. No regret and looking back.

Posted by kelvinkoh90 > 1 month ago | Report Abuse

they were smart people if they think there are no benificial to go fight in court they wont even bother fight back..all this seems like drama

Posted by paktua73 > 1 month ago | Report Abuse

andai kubtahu...

https://vt.tiktok.com/ZSL4mhhY7/



tut tut
kapan ajalku..

Posted by MiscLurker > 1 month ago | Report Abuse

Follow the smart money!

Posted by Zek777 > 1 month ago | Report Abuse

kikiki

Posted by Zek777 > 1 month ago | Report Abuse

still 0.6??

Posted by faridfet > 1 month ago | Report Abuse

dropping to 0.48 cent.. if cannot tahan above 0.48... titanic is coming to 0.36 cent..

Posted by cytew > 1 month ago | Report Abuse

We are waiting for it to fall below 47 soon

Posted by Zek777 > 1 month ago | Report Abuse

Downtrend mode

Posted by R3TROZ0MBIE > 1 month ago | Report Abuse

indeed downtrend, waiting at 40 sen

Posted by cK1973 > 1 month ago | Report Abuse

wait first....

Posted by faridfet > 1 month ago | Report Abuse

The news soon will come. Dropping to 0.36 cent atleast.

Posted by kutipkutip > 1 month ago | Report Abuse

besok ada chance nak rebound sentuh 0.500 !

Posted by Yezzy99108 > 1 month ago | Report Abuse

time to all-in for big rebound

Posted by Pokman > 1 month ago | Report Abuse

460/430 new support . Wait for it

Posted by cheeseburger > 1 month ago | Report Abuse

another big drop is coming.

Posted by davidtcf > 1 month ago | Report Abuse

News of intellectual property breach.. What will happen if Edelteq lose the court case? https://themalaysianreserve.com/2023/08/02/conflict-between-mi-technovation-and-edelteq-holdings-heats-up-over-alleged-breach-of-intellectual-property-rights/

Posted by mf > 1 month ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

34,474.83

-290.91

0.83%

Nasdaq

NASDAQ Composite

13,316.93

-157.69

1.17%

Posted by faridfet > 1 month ago | Report Abuse

To further strengthen its case, Mi Technovation obtained an Anton Piller Order from the Penang High Court on July 27, 2023.

The order grants the company’s solicitors and independent experts the authority to access the defendants’ corporate premises and search for specific items relevant to the case.

The execution of the Anton Piller Order began on July 31, 2023, and remains ongoing.

TKO. another incoming news is incoming.

Posted by faridfet > 1 month ago | Report Abuse

Mi Technovation filed a writ against Edelteq to the Penang High Court on July 19, 2023, involves claims of breach of confidential information, copyright infringement, patent infringement, conspiracy to injure, and unlawful interference with trade.

Buy on rumours, sell on news. Do not wait when the news come, it will be too late.

Market reaction is forward looking, current market action discount everything. do not beat the market.

Posted by faridfet > 1 month ago | Report Abuse

Plus a combo from general sentiment for semiconductor outlook - current risk-reward is unappealing as there is limtied room for upside earnings surpirses, weak consumer sentiment, poor visibility.

Posted by cK1973 > 1 month ago | Report Abuse

see whether can push back to 50 or not

Posted by mf > 1 month ago | Report Abuse

Elmina plane crash: Second time Khairil Azwan involved in air crash, says close friend

https://www.thestar.com.my/news/nation/2023/08/18/elmina-plane-crash-second-time-khairil-azwan-involved-in-air-crash-says-close-friend

Posted by davidtcf > 1 month ago | Report Abuse

@faridfet - i'd only look at this stock after their court case settle. Doesn't make sense why Mi Technovation, another public listed company so boldly sue Edelteq for infringement: "breach of confidential information, copyright infringement, patent infringement, conspiracy to injure, and unlawful interference with trade". It is very likely they have strong proof to do this.

Edelteq could end up fighting all the way for this case (to end up losing), or pay a big sum to settle amicably. If either happens will be bad for their company balance sheet = bad for stock price. Or they could win and their stock price start moving upwards. It's like gambling here as we don't know the true story yet.

Posted by faridfet > 1 month ago | Report Abuse

Insider said because of Mi Technovation has obtained an Anton Piller Order from the Penang High Court which the order grants the authority to Mi Tech and their independent experts to access all the Edelteq premises to search for specific items relevant to the case.. It is now has impact and stopping all the factory operation.. Edelteq current status could not deliver major job and subsequently will delay to do any order from their customer.

Posted by cheeseburger > 1 month ago | Report Abuse

just wait sideline and watch the show. No point to risk your money.

Posted by faridfet > 1 month ago | Report Abuse

@davidtcf i agreed with you. the current situation is like gambling

Posted by pantor > 1 month ago | Report Abuse

There is one off listing expenses of RM1.96 million. Excluding this the EPS is about 0.4 sen which is not bad.

Posted by faridfet > 1 month ago | Report Abuse

@pantor after your comment. edelteq go down. market is not following you.

Posted by ampabella > 1 month ago | Report Abuse

ann chua hor....kena sue till teng kor teng sar

Posted by HappiGoLucky > 3 weeks ago | Report Abuse

pushing back to 0.50

Posted by faridfet > 1 week ago | Report Abuse

@happigolucky after you comment, market shows oppositely.

Posted by cheeseburger > 1 week ago | Report Abuse

welcome to 44c, as i have said before it is going down to this level. IF this break again below 43c, the next stop will be 37c.

Posted by Sabaton666 > 1 week ago | Report Abuse

is there any update about the cases?