@8899EL8899: BLEE,.......DO YOU KNOW THAT THEY BUY NEW SHARES FROM FINTEC AT PRICE 10 - 20% BELOW MARKET PRICE,......
BLee: Hi @8899EL8899, I know and been monitoring the last "ESOS as below: No. of shares issued under this corporate proposal: 20,000,000 Issue price per share ($$): Malaysian Ringgit (MYR) 0.0100 Latest issued share capital after the above corporate proposal in the following Units: 5,922,797,474 Issued Share Capital ($$): Malaysian Ringgit (MYR) 367,850,967.800 Listing Date: 15 Apr 2022" I would NOT buy above the last ESOS price and if they pump up above that price, I will be the next "crook" to sell in the market. Disclaimer: I don't belong to any "syndicate".. just a very small retailer investing for passing time and enjoyment. Tq
YES, FINTEC SHAREHOLDERS ARE HAVING THIS PROBLEM OF BUYING AT 1 SEN. BUYING AT 1 SEN IS NOT A PROBLEM BUT WHEN WE SEE PEOPLE SELLING THEM AT HALF SEN, THAT IS THE HEADACHE. VIRTUALLY, WE LOSE 50% PAPER LOSSES IF WE BUY AT 1 SEN. I PARKED TO BUY AT HALF A SEN FOR SO MANY MONTHS, I GOT NOTHING BUT I CONTINUE TO QUEUE DAILY. I SET MY QUEUE DATE TO ORDER USING GTD 30 DAYS AHEAD EVERY TIME. YET I GOT NOTHING EVEN THOUGH I SEE SOME PEOPLE ARE SELLING. BUYING AT 1 SEN, ONE PREPARED TO LOSE 50% MAXIMUM. BUT THIS IS ONLY TEMPORARY. I FORESEE THE MARKET WILL IMPROVE LATER IN 2023 WHEN THE PANDEMIC AND RECESSION ARE OVER. FOCUS DYNAMIC PROJECT FOR THE THE ARCH IS THEN COMPLETED AND RUNNING. CURRENTLY, MALAYSIA AND THE WORLD ARE IN A MESS, FACING THE DEPRESSION, UKRAINE WAR AND THE PANDEMIC. IF THERE IS A WORLD WAR 3 COMING, IT IS BETTER. THINGS MAY RECOVER FASTER. USA AND CHINA IS NOW BOTH FIGHTING FOR SUPREMACY WHICH USA CANNOT AFFORD TO LOSE. IF USA LOSES, THEIR USD WILL GO DOWN FREE FALL FOR SURE BECAUSE USA GOT NO GOLD BACKING. NOW, THEY ONLY GOT NOTHING TO BACK BUT ONLY BS MILITARY POWER. USA HOLDING 31 TRILLIONS USD DEBTS TO DATE. THEIR ECONOMY IS NOW AT STAKE. THEY VIEW RUSSIA AND CHINA AS THEIR GREATEST THREAT. SO OBVIOUS. USA GOVT IS STRUGGLING TO HOLD ON TO THEIR CURRENT POSITION. PRESIDENT XI IS NOW PREPARING FOR WAR AS WE CAN SEE HE HAS CHANGED ALL HIS OLD CAPITALIST MINDED COMRADES FOR NEW. LET IT BE QUICK AND FAST IF WAR HAPPENS.
BIG SHOT WIN IN STOCK MARKET,.......THEY WIN FEW MILLION,.........CAN THEY WIN IN FINTEC BUSINESS,.......I THINK NOT,.......IF THEY CAN WIN IN FINTEC BUSINESS,......THEY CAN PROFIT FEW HUNDRED MILLION,........THEY ARE ONLY CUNNING IN STOCK MARKET BUT NO IDEA ABOUT DOING PROFIT BUSINESS
Seeing LKL going up these few days give me much encouragement that Fintec will also go up one day. If got surplus money, buy up Fintec at 1 sen which is available. Half sen really impossible to get unless once in a while people throw some away at random. Dapat half sen pun kira nasib baik.
Let's take from the consolidation point of LKL price of RM0.25 to RM0.465, a potential recovery of RM0.215. Assume after consolidation, Focus Dynamic will hold 16,753,680 LKL shares and will have a gain of RM3,602,041. Fintec portion of 30.631% will be roughly RM1,103,341. Fintec P/NAPS of 0.18 is very undervalued as shown in details below: Friday 4th Nov., 2022 closing data:- Market Cap: RM 30 Million NOSH: 5,923 Million Bid: 0.005 x 587,118,900 Ask: 0.01 x 36,906,000 T4Q NAPS | P/NAPS: 0.03 | 0.18 Just for sharing, Happy Trading and TradeAtYourOwnRisk
@BILLC: So,,,,come next sinkalin will tell consolidation is actually very good to Fintech,,,,wakakaka,,,
BLee: Hi @BILLC, "sinkalin" could be neutral on consolidation as NO change in dilution…what happens in LKL NOT necessarily happens to any counter. So are any downturn counters that might NOT due to consolidation. All given are true facts and figures; it is up to the individual to analyze and TradeAtYourOwnRisk
@8899EL8899: BLEE,......DO YOU KNOW THAT MANY MINORITY INVESTORS BOUGHT LKL ABOVE RM1,.....THE LUCKY ONE ALSO COST 45SEN AFTER SHARE CONSOLIDATION,........HOW MANY OF THEM BOUGHT AT 25SEN,.......VERY FEW
BLee: Hi @8899EL8899, I didn't follow LKL and have NO intent to study the historic price. If bought at a much higher price, is it "pump and dump" stocks? Is it on the "pump" stage again? (definitely not for Fintec at half sen stage) Should "lesson learned and unlearned" can still be caught again? For investment in stocks, we should NOT enter blindly; just my opinion. Also have NO intention to defend any "defiance RUBBISH BUSINESSMAN RUNNING RUBBISH COMPANY !" Happy Trading and TradeAtYourOwnRisk
I agree with you all on rubbish management. Why run a glove factory during a pandemic? A wise businessman will know this is a suicidal decision or instead they do it at the expense of investors for their fat salary and director fee
Dont said like that la. Fintec . They thought they are wise people..... Go visit their website
Financials Before Technology FINTEC, Financials Before Technology, a technology incubator adopting investment strategies that focuses on investing in companies and ventures with the aim to ultimately create value for our shareholders.
The name “FINTEC” mirrors our motto of “financials before technology”, i.e. that we first and foremost look into the existing and/or potential financial performances of the companies in need of capital injections before all other merits such as technology, business nature, business plan etc. are considered. Our name further aligns with our current ambition and determination for continuous growth and readiness to collaborate with new Incubatees.
M55555, website statements did not reflect what they are doing. From web : "with the aim to ultimately create value for our shareholders" = dropped more than 90% share price and nothing being done? What types of rubbishes they are collecting?
8899EL8899, you are right and nasi kandar stores can do much better than those high paid suckers
THE RUBBISH BOSSES WANT TO BE PUBLIC LISTED COMPANY BOSS,........BUT THEY ONLY WILLING TO HAVE 5% STAKE ,.........AT THE SAME TIME, THEY WANT TO HOLD ON 100% FINTEC FUND,.......DO YOU TRUST THIS KIND OF BOSSES USING YOUR FUND TO RUN YOUR COMPANY BUSINESS ?..........DO YOU THINK THEY WILL USE FINTEC FUND FOR PROFITABLE BUSINESS,..........OR FOR THEIR OWN BENEFITS ? .
Multi year loss making company Directors good in fund raising via shares issuance High NOSH mother with heavy babies Be careful holding high NOSH penny stocks, many of which had undergone shares consolidation and rights issue, causing huge losses to retail shareholders
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue as well as continue with shares issuance to PP & ESOS in near future.
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....