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Honestly they can sell more at above 8c to 10c before the suspension of trading announcement. But mostly sell at lowest hahaha, so very likely force sell if you see the shares were pledged
@he tuan tan, there was a dbt on december 14th around 30m plus shares at 0.077, no announcement was made about this so looking at the selling figures i think it is this dbt that got force sell as the price went to 3.5. This 30m+ is mustakim’s shares n it is pledged, u can see thus amount in their AR 2022
Force sell sbb tu boleh jatuh sampai 3.5 sen...depend dgn siapa yg beli...dia nak main atau dia nak simpan saja...geng2 dia jugak yg beli...indirect owner.
...Feb 9): Reneuco Bhd, whose latest annual report saw a disclaimer of opinion by its external auditor, said its special independent review (SIR) found that the sales transactions and costs with identified customers and suppliers “were sufficiently supported” by relevant documentation.
The SIR, conducted by Messrs UHY FLVS Sdn Bhd, also “received confirmation from the respective parties” for the sales transactions and cost of sales transactions, Reneuco said in its annual report.
see...the auditor games Reneuco..hahaa want fee rise maybe. hahaaaa
The SIR was conducted upon the request of its external auditor Messrs Al Jafree Salihin Kuzaimi PLT, which flagged trade receivables balances of RM321.26 million from July 1, 2019 to June 30, 2023.
...look here.... (Feb 9): Reneuco Bhd, whose latest annual report saw a disclaimer of opinion by its external auditor, said its special independent review (SIR) found that the sales transactions and costs with identified customers and suppliers “were sufficiently supported” by relevant documentation.
The SIR, conducted by Messrs UHY FLVS Sdn Bhd, also “received confirmation from the respective parties” for the sales transactions and cost of sales transactions, Reneuco said in its annual report.
...auditors need to be flagged PN17 then hahaaaaa for fooling around..
Separately, Reneuco also undertook an independent technical review on three hydroelectric projects by KBM Konsult Sdn Bhd, which found that two of them (in Perak and Sabah) demonstrate “strong financial viability” and "reasonable annualised rate of return”.
For the third project, located in Pahang, KBM Konsult said its success “hinges on effective execution”, adding that the project is progressing in accordance
lee..what is ur basis of argument. ?.just look at NTA 0.18¢ .... pn17 was triggered cos auditor disclaimer..but SIR opined otherwise. No wonder auditor wants to withdrawn fm continously be with company .Tussle between them...hshaaa
the issues has been long on-going. many red flags early on. most glaring is they change the original financial year from 30 june 23 to 30 sept 23. and the change was made on 30 oct 23 which exactly was the due date to aubmit annual report. now cannot change financial year futher so no choice but need to issue the annual report which turns out with severe issues unveiled.
