APART from the 8 sen or so required to purchase the warrants from the open market, one will have to pay Revenue Group Bhd 75 SEN to turn the warrants into mother shares.
CONSIDERING, Revenue Group Bhd mother shares are trading at 35 sen a piece, questions should be asked on the market sence of paying a premium,in EXCESS of 100 per cent more than the market price of the mother shares.
COULD this be part of a complex money laundering/ cleansing exercise, is something the financial market regulators should probr
BEYOND that, the conversion of the 23 millon warrants to mother share will result in Revenue Group's cash balance improving by some RM17 million cash.
OBVIOUSLY, the Victor Chin Boon Long game plan is to show the market when it announces its third quarter results this month, that Revenue Group Bhd has a strong cash balance, and it is not heading for doom.
ESSENTIALLY, though the Chin Boon Long posse is seeking to buy time in order to execute to pump and dump exercise before the fourth quarter results are out, as he is now trapped in Revenue Group Bhd.
FROM January to April 2023, Revenue Group was listed among top 30 stocks with the largest trading value in the country. Money pumped into the stock was about RM1.06 billion or about 600 per cent more than the company's paid up capital.
STUPIDLY, Victor Chin Boon Long had used large amount of cash to gain to 70 per cent control of Revenue, with the total amount spend estimated to be much more than the under RM100 million cash inside the company prior to the shareholder crisis,
THE posse, also known as the corporate mafia, had attempted to ramp up the shares in April, after announcing READ : That its operations remain unaffected,.
THAT run fell into a quicksand, as Revenue vendors on the Grab Platform begun a switch due to delayed payments while, Alibaba booted out Revenue on the Taobao Desktop Platform without notice.
