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as expected 150x oversubscribed ! congratulations to those who get EDELTEQ. in stock market learn how to have self analyse !
- the more people blow the company good, the more you need to becareful !
Personal view on EDELTEQ : I would highlight first, I did apply this IPO and not making any withdrawal.
1. The litigation between MITB and Chin YK is personal matter, so doesn't affect the business running. ( it's very normal to legal cases around as long as doesn't affect the fundamental of the business )
2. First time in history IPO give you chance to do withdrawal. My own view is quite respect move by the management & UOB, definitely there will be some people afraid that the share price got affected because of this issue.
3. In another view, the company doesn't worry about the IPO funding at all. If a bad company which want to cash out fast, they will not give you a single chance to make withdrawal on it. ( don't forget TECH IPO is very hot in this market, what they actually wan is the listing name )
4. It's your own choice whether to withdraw or not. So risk is on your side. Think in deep whether it is affecting the company or not or just affecting retailer confidence issue on share price.
5. Funniest part is only allow withdrawal but never open for application again. come on la EDELTEQ. Management don't self take all la... give chance to outside people.
