Apr 7 2020, 01:07 PM
QUOTE(kktong83 @ Jul 7 2017, 01:59 PM)
Dear Share expert,
My relatives bought this share for USD2.50 * 10,800 share (About RM120k) , he was told that this company QMIS security is going to get listed in USA for value over USD 8 Market price when listed on NYSE.
But based on his share certificate, he gotten 10,800 share but with par value of $0.001 per share.
Does it means that he got cheated or significantly overpaid for his share? Because based on my knowlege his share cert only worth USD 10.80
Now he tengah panic and ask for my help.
Hope some sifu can help
When your relative bought? Now only worth 0.51USD.My relatives bought this share for USD2.50 * 10,800 share (About RM120k) , he was told that this company QMIS security is going to get listed in USA for value over USD 8 Market price when listed on NYSE.
But based on his share certificate, he gotten 10,800 share but with par value of $0.001 per share.
Does it means that he got cheated or significantly overpaid for his share? Because based on my knowlege his share cert only worth USD 10.80
Now he tengah panic and ask for my help.
Hope some sifu can help
Loss is (0.51-2.50)x10,800=-21,492USD = -93,490MYR.
Loss is almost RM100k.
I'm guessing this company is a private company hence the word OTC (over the counter).
Good luck finding a buyer.
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