CHAIRMAN cum managing director Ng Chee Siong of Revenue Group, has informed the stock exchange of his intentions to deal in the Securities of the company.
Principles denied
Passion faked and sold to the anthem green and gold.Colour of the virtue by working like a slave
More precious than life? itself
what''s the colour tempting fate?
What''s the colour of money
CO- incidentally, Ng Chee Siong's announcement comes just days before Revenue Group is about to release its second quarter results.
DO note that, I have already highlighted before , READ: WHY should investors be worried and pin the blame on the regulators if something evil happens in Revenue Group. Well consider this as at end of June 2022, Revenue Group had RM82.5 but three months latter, almost RM11 million is gone.
YES, Revenue Group's cash burn rate has been heavy, but it still has some RM73 million in hard cash, which I suspect will be much less when it makes the announcement next week.
COMING back to Ng Chee Siong will he be a big buyer of Revenue shares next week? Well no need to wait for next week, let me spell it out for you now, his shares will be foresold based on his previous trading pattern. VIEW : Broker for sells millions of Ng Chee Siong's shares in Open Market
NOW , where have we heard that before of a company with dodgy financials and it's major shareholder uses the foreselling excuse to get out of the company? SERBA DINAMIK.
AND do you know what are the other similarities between Serba Dinamik and Revenue Group? Well if you don't it's called the Artificial intelligence site that predicts the future price of stocks.
THE only way this prediction will not come true is for Bursa Malaysia to get off its thick backside and put the fear of the lord in the hearts of the auditor's of Revenue Group, and it's entire board of directors now rather when the damage is done
