QUOTE(sjz @ Jun 6 2009, 01:47 AM)
i don't think that the couple want to throw all of their share.
i think they are cooperating with syndicate to create selling pressure to lower the price in order for syndicate to buy shares in low price and earn from the losses suffered by those contra kaki.
B-Q for 0.075 is 560k total amount = RM4,200,000.
who have such large amount of money?
unless out there a lot of ppl buying COMPUGT la..
Me too, probably they want to have some cash, , given the conditions as follows :
a)
Compugates Holdings Bhd Announces Cessation Of Operations Of Compugates (S) Pte Ltd
Monday, 23 Feb 2009 04:59am EST
Compugates Holdings Bhd announced that Compugates (S) Pte Ltd (Compugates Singapore), a 99.99% owned subsidiary, will cease its operations by March 31, 2009. The cessation of the business operations of Compugates Singapore is due to business losses incurred and was no longer feasible taking into consideration the economic downturn and also part of the Compugates Group’s streamlining activities being undertaken.
b)
COMPUGATES HOLDINGS BERHAD (“COMPUGATES” OR “THE COMPANY”)
- FINANCIAL ASSISTANCE PROVIDED BY COMPUGATES MARKETING SDN BHD (“CMSB”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, TO COMPUGATES DEVELOPMENT AND MINING SDN BHD (“CDMSB”), A 60%-OWNED SUBSIDIARY OF CMSB. The Board of Directors of Compugates (“Board”) wishes to announce that its wholly-owned subsidiary, CMSB has provided financial assistance of RM11,536,207.63 to CDMSB, a 60%-owned subsidiary of CMSB (“the Provision of Financial Assistance”) for a period from 16 September 2008 to 13 March 2009.
The good news is
Compugates Holdings Bhd's Subsidiary Receives Contract
Tuesday, 13 Jan 2009 04:54am EST
Compugates Holdings Bhd announced that ETI Tech (M) Sdn Bhd (ETI) has appointed Compugates Sdn Bhd (CSB), a wholly owned subsidiary of the Company, as its distributor for the promotion and sale of ETIs products, namely Nano Mobile Charger Series, within Malaysia, Bangladesh, Indonesia and Cambodia for a period of one year commencing January 13, 2009 (Appointment), and shall be renewable for another two years from the date of its signature unless terminated by either party for a valid reason giving to the other not less than three months written notice.
Now, the economy starts to come back, probably will be adjusting among themselves.
Added on June 6, 2009, 2:25 amQUOTE(ABC2020 @ Jun 6 2009, 12:44 AM)
Dont worry the couple still remain less than 782,684,110 shares to throw....... should able to clear all by next weak. What cause the selling? Is that possible the force sell by the bank? don't expect the retainer able to absorb that much of shares. pretty sure the the big player is buying. Another director (Datuk Goh Tian Chuan) is buying too with great amount (20/05/2009 10,000,000 shares) the price should 0.115 or above. so i assume that, compugt is unlike to close shop. Plus last Quarterly rpt financial period ended 31/3/2009 post with net profit 31K. 31K !!!!? that really not very good. Still ok lah, atleast not suffer huge lost... tomorrow must check the cash flow..........!!!!!
Perhaps of the subsidiary losses.
This post has been edited by stevenglobal: Jun 6 2009, 02:25 AM