Posted by faridfet > 2023-08-01 10:11 | Report Abuse

PE valuation is too high.

Posted by Pokman > 2023-08-01 10:25 | Report Abuse

Support dah bocor. Menuju 50c

Posted by Menangbesar > 2023-08-01 10:30 | Report Abuse

Ini merah bukan merah biasa. Menggigil tangan woo

Posted by cheeseburger > 2023-08-01 11:12 | Report Abuse

going down to 50c..

Posted by kingkong99 > 2023-08-01 14:06 | Report Abuse

Paktua did you execute your next stage -57?

Posted by paktua73 > 2023-08-01 15:04 |

Post removed.Why?

Posted by by2mie > 2023-08-01 15:16 | Report Abuse

clear. going down to 0.240c

Posted by kingkong99 > 2023-08-01 15:26 | Report Abuse

Paktua heart is steady...mental is strong...

Posted by Zek777 > 2023-08-01 15:56 | Report Abuse

gone

Posted by Stanley Chong > 2023-08-01 16:34 | Report Abuse

Court case become gone case liao.

Posted by paktua73 > 2023-08-01 16:55 |

Post removed.Why?

Posted by Zek777 > 2023-08-01 16:59 | Report Abuse

downtrend mode

Posted by by2mie > 2023-08-01 17:11 | Report Abuse

buy at 0.215

Posted by Go lucky Happy > 2023-08-01 19:28 | Report Abuse

If Edelteq CEO wins the defamation suit, Edelteq share price will bounce to at least $1.

Posted by mf > 2023-08-01 21:14 | Report Abuse

OTHERS MI TECHNOVATION BERHAD Material Litigation on Breach of Confidential Information, Copyright Infringement, Patent Infringement, Conspiracy to Injure and Unlawful Interference with Trade
MI TECHNOVATION BERHAD

Type Announcement
Subject OTHERS
Description
MI TECHNOVATION BERHAD Material Litigation on Breach of Confidential Information, Copyright Infringement, Patent Infringement, Conspiracy to Injure and Unlawful Interference with Trade
The Board of Directors of Mi Technovation Berhad wishes to announce that on 19 July 2023, Mi Technovation Berhad and its wholly owned subsidiary, Mi Equipment (M) Sdn. Bhd. (“the Companies”) filed a writ in the Penang High Court against 9 defendants, namely:

Chin Yong Keong (former employee of Mi Technovation Berhad),
Lee Kim Loon (former employee of Mi Equipment (M) Sdn. Bhd.),
Edelteq Holdings Berhad (Co. No. 201901033362(1342692-X)),
Edelteq Technologies Sdn. Bhd. (Co. No. 201901010509(1319837-U)),
Edel Technology (M) Sdn. Bhd. (Co. No.200401018737(657240-T)),
Edelteq Ventures Sdn. Bhd. (Co. No.201901012483(1321811-T)),
Camyang Enterprise Sdn. Bhd. (Co. No.200601005398(725147-T)),
Dysteq Technique Sdn. Bhd. (Co. No.201901013390(1322718-W)),
Tan Joo Hung (former employee of Mi Technovation Berhad),
inter-alia for Breach of Confidential Information, Copyright Infringement, Patent Infringement, Conspiracy to Injure and Unlawful Interference with Trade.



The relief sought for in the writ includes general damages and injunction orders.



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.



Due to the nature of the suit and in particular the Companies’ application for an Anton Piller Order, the complete announcement to Bursa Malaysia Securities Berhad with regards to this legal action will be made once the Anton Piller Order has been duly executed.



The Penang High Court has fixed the date 7 August 2023 as the return date for the Companies’ Anton Piller Order application.



This announcement is dated 1st day of August 2023.

Posted by ramunia > 2023-08-01 21:27 | Report Abuse

very serious court case for EDELTEQ

Posted by geary > 2023-08-01 21:49 | Report Abuse

EDELTEQ: Daily:
Oversold: 0.55.
Technical Rebound!?
Trend: Neutral.
Bear/Bull:
S2: 0.475.
S1: 0.515.
Bull:
R1:0..575.
R2: 0.615.
Trade at your own Risk/Reward!?

Posted by paktua73 > 2023-08-02 08:51 |

Post removed.Why?

Posted by paktua73 > 2023-08-02 09:46 |

Post removed.Why?

Posted by Go lucky Happy > 2023-08-02 11:09 | 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 > 2023-08-02 11:10 |

Post removed.Why?

Posted by mf > 2023-08-02 15:21 | 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 > 2023-08-02 16:43 |

Post removed.Why?

Posted by HappiGoLucky > 2023-08-02 16:50 | Report Abuse

Topup some, have faith in the management

Posted by Daily88 > 2023-08-02 16:54 | 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 > 2023-08-02 17:20 | 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 > 2023-08-02 20:46 | 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 > 2023-08-03 09:40 | 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 > 2023-08-03 20:59 | 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 > 2023-08-05 12:57 | 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 > 2023-08-07 11:54 | Report Abuse

wow

Posted by Zek777 > 2023-08-07 11:56 | Report Abuse

MONsoon

Posted by Zek777 > 2023-08-07 16:24 | Report Abuse

bear mode

Posted by SuperTrump69 > 2023-08-07 16:53 | Report Abuse

habis game over ggwp

Posted by paktua73 > 2023-08-08 06:50 |

Post removed.Why?

Posted by kingkong99 > 2023-08-08 08:57 | Report Abuse

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

Posted by kelvinkoh90 > 2023-08-08 12:39 | 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 > 2023-08-08 14:49 |

Post removed.Why?

Posted by MiscLurker > 2023-08-08 14:59 | Report Abuse

Follow the smart money!

Posted by Zek777 > 2023-08-11 12:00 | Report Abuse

kikiki

Posted by Zek777 > 2023-08-11 12:01 | Report Abuse

still 0.6??

Posted by faridfet > 2023-08-11 12:43 | Report Abuse

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

Posted by cytew > 2023-08-11 13:21 | Report Abuse

We are waiting for it to fall below 47 soon

Posted by Zek777 > 2023-08-11 16:50 | Report Abuse

Downtrend mode

Posted by R3TROZ0MBIE > 2023-08-14 16:22 | Report Abuse

indeed downtrend, waiting at 40 sen

Posted by cK1973 > 2023-08-16 14:38 | Report Abuse

wait first....

Posted by faridfet > 2023-08-17 16:21 | Report Abuse

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

Posted by kutipkutip > 2023-08-17 17:00 | Report Abuse

besok ada chance nak rebound sentuh 0.500 !

Posted by Yezzy99108 > 2023-08-17 18:03 | Report Abuse

time to all-in for big rebound

Posted by Pokman > 2023-08-17 22:35 | Report Abuse

460/430 new support . Wait for it