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Even if a loser buys a stock. He or she still holds a legit company with asset and sound business that one day has potential to bounce back. What foodie has? No intellectual property, no asset, no clear plan of diversification and most importantly NO PRODUCT. The value of their company is their 1.5 million Instagram followers. Might as well buy Bitcoin. Who allowed this company to go IPO??
Nothing to congratulate. Alot of people gonna be victim of this con. There might be one winner. But there'll be thousands of losers that lose money on pump and dump like this. CEO, Bursa, SC and banks will walk away with people's hard earned money.
Goreng company. Why would a food influencer need to IPO? What expansion? See the CEOs plan of allocation for the raised fund. Bull$hit. Directors cashing out
Watch in few weeks or months later, mother share and warrant will reach a new high. Price suppression. Warrant and mother is still undervalued. The big investors want you to throw away your tickets so they can take it and convert to mother share by paying 4 ringgit per share and pump into USA acquisition capital. Why would a company with such a strong future drop like this. Think
Another big news coming by 3.30 pm? Frontken and Frontken-WB forbidden from Direct Business Transaction. Temporary restrictions on big fund from buying or selling from another fund done to prevent unfair insider advantage.
