Monday 27 February 2023

Revenue Group, there is a : Stranger In Town

was a hit for the group ToTo from their best selling Africa album which should have propelled them to rock stardom, but got lost in the frenzy created by Michael Jackson's Thriller .

BURSA Malaysia', how's the party going on at Revenue Group Bhd, are you monitoring it or as they say you are just waiting for minority shareholders to suffer a tremendous loss?

I remember it was late one night
In the middle of a dream
Woke up in a pool of sweat
Thought I heard a scream
Ran over to the window sill
Stuck my head out for a peek
Dressed in black was a man I didn't recognise
Running down my back street
My heart skipped a beat

MY heart skipped a beat when I noticed that 14.83 million shares were left off the hook at 35.8 Sen a share, at 4.45 pm. Revenue Group was last traded at 42.5 Sen.

THIS is a steep discount, one may say, but considering that the Artificial intelligence stock predictor had predicted that Revenue Group will trade at 0.0001 Sen in 52 weeks time,  this is one heck of a premium. READ: Super Computer predicts Revenue Group will trade at 0.001 Sen in 52 weeks time

DO we have any clues as to who wants to dispose of his shares in Revenue Group in a hurry ?  YES, we do have a clue from last Friday. VIEW : Managing Director cum Chairman Eddie Ng Chee Siong.

NOW,  let's wait for Revenue's quarterly results. Will they burn another RM11 million or more or perhaps less.? READ : Revenue Group RM11 million gone in 90 days