Friday 24 February 2023

Revenue Group : What's The Colour Of Money?

is a song from the one hit wonder , Hollywood Beyond, that has stood the test of time and remains a club favourite until today.

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. 

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