Have they quoted or stated the rights price yet??....nothing I had found so far.

How can company issue right issue at a price below the par value of the shares??
In this issue, the Par Value is Rm0.10, the least right issue price is Rm0.10.
Can SC approve the right issue price at Rm0.08?

Issue right at RM0.08 with Par Value means you are straight away making a loss of Rm0.02 in the process in the account book. 

or they will go to court to request for capital reduction to 0.05 and than right at 0.08 plus warrant.
That how to do it.

Well, this stock already hit rock bottom lor.

You want to wait for the news to come out then only you buy ar? Too late already lor.

Now, where got honest trading one, everybody inside (fund manager, company's big boss, big player, investment firm), all play insider trading, news belum come out stock price already fly up in the sky lor. You want to wait for the news to come out ar, can. Entry price 0.150 - 0.20 lah.
-------------------------------

Like what warren buffet always said, buy when there're blood in the street, and there're pools of blood in the street for this particular stock.

-------------------------------

More tips: People like Zaman and his gangs SAPUING everyday.

This thread is about SAAG, my analysis is entirely based on SAAG.

Sjz says Warren Buffet theory no good?? Wow, priceless jokes. As far as I'm concern, mr buffet was spot on when he made that "blood on the street" statement and he told people to buy during Dow jones at 6000, 7000, 8000 level.

Why speculators tends to spread fears to scare buyers when stocks like SAAG which has no major issue with company over sold? Because those speculators wants to buy back shares already they previously sold. They can't buy back if you and me don't sell. They can't profit if they not able to buy back shares that they already sold at a higher price. So they don't want you to buy.

This is a MUST BUY stock if you want to make some money to recover your lost on other stocks.

okay, let's hear your basis of MUST BUY. So far, for this year, I've been SPOT on regarding the price of 8cts.

Thank you for your support skiddtrader.

My comments on SAAG significantly affecting their games on manipulating the stock price of SAAG. That's why you see them spending so much time debating me on SAAG.

These people are quietly buying back up all SAAG's share now with multiple CDS account with different brokers in various investment firms.

The management/major shareholders have been buying back like nobody's business in recent times (the impairment back in May definitely helping them - hence is it creative accounting? Perhaps). They've attempted rights issue/placement that got shot down by their shareholders earlier. How do these events gel?

1) If they act in good faith and really want more money for their operations (which they are not getting from any rights/placement exercise), perhaps the only way is to:
a) deflate the market price
b) buy back loads of shares
c) impairment having been dealt with in the last quarter, the next quarter will look distinctively better
d) throw in a new project, might even look positive
e) that's when they'll attempt to make a killing, then use the money for rights/placement exercise
(the question is - the price is already so low now, with infusion of new shares, surely the price will be further diluted - so issuing at 10sen seems far-fetched - why would any shareholder want to get additional shares at so high a premium?)

The people who got screwed worse are the investors who ditched the shares while the price is at the lowest ebb. The next batch of investors getting screwed big time are those who wait for the placement/rights issue to happen.

2) alternatively, the company is really going south and headed for pn status soon

The first possibility looks more likely to me because if the company is headed south, what's the point of pouring more of their own money to buy junk shares?

Any thoughts?