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Only 100,000 units test kit will sold in this year but our country daily maximum capacity for Covid-19 laboratories RT-PCR tests need 54,706 units so this mean Kgroup only able to fulfill 1.8 days market needs.
You can read the announcement from Kgroup, it was mentioned only 100,000 test kit for this year. That's mean a Nissan mini van like NV200 already can fully pickup all the stock. Not sure for next year.
So is that Kgroup Right Issue (RM5mil) is to invest into medical biz or to fulfill those idiot satisfaction? Why always use company money to invest into other company like XOX (Another RM3.6mil buy in XOX on Friday)?
If Kgroup not interested to invest into own company biz, I suggest you convert to investment bank like Kenanga easier? Don't need any media to write a good story to promote your company future plan.
Now the Right Issue for mother share was offer at RM0.05 & FREE 1 Warrant, KGROUP-OR if you hav purchase the mother. The warrant price still is a doubt. (Might b around RM0.025).
Yar... is really a fxxking company. At first they announce to issue warrant but after investor buy in then they just announced is "Renounceable Rights Issue".
To all newbies, if you plan to buy, think twice & take your own risk. This is a damn fxxking trap.
What I know is the right issue ex-date is just around the corner, if the share price still stay below RM0.10 then I believe some of the investor will suicide first then after 7 days (头七) they will be seek for the company director asking for money back.
Yar, invest in KGROUP is the big mistake because only TALK COCK.
* A company almost losing money every quarter but they still keep on invest into other losing money company like XOX. @_@
* Promote right issue to invest into medical biz but how many month already, u just wanted to start import the test kit & somemore it just only 100,000 units.
* How abt other medical product? Didn't see any shadow yet. @_@
