| Latest Forum Topics / CFM Last:0.051 -- |
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MEDICAL CLEANTECH PPLE GLOVE ALL THEY GOT
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ssw518
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15-Jun-2021 09:12
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stay away from this one | ||||||||||||||||||||||||||||||||||||||||
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ssw518
Supreme |
15-Jun-2021 07:45
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unlikely la, bro, with px moving close range, volume getting lower and oil counter just started to get hot, better not long next few days at least. best case FIFO if BB push to unload, my feel is bb unloaded some last week. good luck if you still wanna try
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Jz8888
Member |
14-Jun-2021 16:44
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Anybody thinks we are heading for another short squeeze here? We' ve got roughly 38.7m shares in the hands of the public, in which bb owns majority of it, yet we have short sell volume of 8.25m? Alot of naked shorts i assume. | ||||||||||||||||||||||||||||||||||||||||
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lp2000
Elite |
14-Jun-2021 15:33
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Just got back to this counter. It seems slower right now... just some ping/pong at 335/340 but with queues volumes look like building up on both sides, and just some bigger walls up at 360/365.
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lp2000
Elite |
14-Jun-2021 10:11
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Agree. There is also the controlling shareholder' s factor... If their plan is to bring more value to the stock, we will continue to see the golden hands picking up anything trying to drop below a certain level...
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Sgvale
Supreme |
14-Jun-2021 09:31
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After days, many are holding above 0.30. Fall may be limited & cushioned | ||||||||||||||||||||||||||||||||||||||||
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lp2000
Elite |
14-Jun-2021 09:30
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@930
 
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ssw518
Supreme |
14-Jun-2021 09:10
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good luck to you bro
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lp2000
Elite |
14-Jun-2021 08:57
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I think this one still has more potential to go up today than down, at least not at this value yet. Pre-market is already bulding up more buying resistance. Anyway, caution & DYOD
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ssw518
Supreme |
14-Jun-2021 08:41
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agreed, lots of uncertains, unless you super rich, if not stay away from this one.at this px, i call it punter stock, whoever have a deeper pocket win. only good for fifo, long / short both possible. play range might be very big may win a lot or 1x you go icu, look out on your buy px n set a cut lost and profit booking upfront, dyodd  
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Blowyouoff
Veteran |
14-Jun-2021 08:39
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50ct isn' t too far away. Their sing-swe story selling well
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Stocklover
Member |
14-Jun-2021 07:59
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Thanks everyone.
Hmm any more tips on potential stock tht can make bulk money 💰 |
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ysh2006
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14-Jun-2021 07:33
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Some say can go 50c you believe ?...the money is for brave heart...not recommendation sell or buy lah..
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Elf2000
Elite |
14-Jun-2021 00:38
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Climb up 1500% just in one month! If you have a strong heart may be, if not better avoid it. I went in at around $0.09cts and then doing all the way in out in out and my number of lot buying getting smaller and smaller this is just in case share price go into correction.
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Blowyouoff
Veteran |
14-Jun-2021 00:04
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If wanna buy, don' t wait any further 
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Stocklover
Member |
13-Jun-2021 23:41
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Hihi anyone can advise whether can still buying now? Thanks
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stargazer88
Member |
13-Jun-2021 22:31
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Tigcom, I also have a few questions about the deal. 1. Mr Wang Xinmeng owns 15% of the Target company. He is an executive (not sure if it is Chief Executive Officer) of Changsa Sanji, a subsidiary of 新 开 源 (300109.sz) a company listed on Shenzhen Stock Exchange. He formed a company with Gao Hong and NEIS called SING-SWE MM on 7 May 2021. I would expect 新 开 源 to make an annoucement to Shenzhen SE if the distribution award is to generate hefty profits. Certainly an announcement is expected because of related-party transactions involving its executive. There were no such announcements. Was there a conflict of interests when Mr Wang formed a comany with NEIS (whose mission is New or renewable energy) to distribute its products and then on 3 June sells the company to CFM? Would this conflict of interests cause 新 开 源 to rescind its distribution contract with NEIS? In any event, 新 开 源 at a board meeting on 31 May 2021 passed a resolution to cease Mr Wang' s appointment as deputy general manager in when his appointment was supposed to be until 2 Sept 2022. No reasons were given. 2. CFM is taking a stake in a company whose only contributor is NEIS (Messrs Wang and Gao who owns 15 shares each makes no contribtuion to profit). But CFM is only buying 21 shares out of the 70 owned  by NEIS. Implying that SING-SWE MM total profitability is only 30% of NEIS' s profits. My question is why is CFM not buying a direct 30% of NEIS to derive 30% of the profits of NEIS rather than buyin 51% of SING-SWE MM to get 30% of NEIS' s profits? Why let Wang and Gao enjoy free-ridership? 3. CFMin para 3.1 of SPA said that the PE ratio is 3. Given that the 51% stake costs $6.1m, SING-SWE MM is estimated to be able to make a profit of $4m for which CFM would derive $2million. (At best the profit of $4m is a forecast because it is a new company). If we interpret in another way that NEIS who hold the actual distribution rights makes $4m, then SING-SWE MM only makes $1.2m and CFM much less at $0.6m. In any case, if the SPA results in CFM making $2m a year, the nit does not make sense for the capitalisation of CFM to go from $12million before the announcement to $69million now. The $57 million jump in capitalisation of the company is excessive by any yardstick. 4. On 27 May 2021, 2 days before the Halt, total volume traded on SGX was 75.3 million shares. On 28 May, colume was 38.5 million. Total 113.8 million. The total number of issued shares of CFM is 201,535,276. Two substantial shareholders of the comapny together own 135.9 million shares. Free float is 65,614,826 shares. But the total number of shares traded BEFORE the announcement is a whopping 1.7 times free float. It is very interesting, and it is worth SGX to investigate, to see who the buyers are for these 2 days. In any event it requires a capital outlay of only $4.3 million($0.066x65,614,826). It is hence THEORETICALLY not difficult to corner this stock and have total control over the future share price and also control selling to the buyin-in market resulting in total failure of the SGX settlement process. I am not suggesting that this is the case for this counter but I wonder what SGX thinks?   |
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papayaface
Supreme |
12-Jun-2021 18:14
Yells: "This is the best time to enter....when everythings uncertain" |
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Let it come down before go up. Let me get back in. Sold off too early last week. Good luck 
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Blowyouoff
Veteran |
12-Jun-2021 14:59
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If you believe in profit taking(especially comes to Friday when some forumer feels people will sell to collect profit before the weekend)   will cause dip, the profit taking already took place towards the last 1-2 hours of yesterday price recovered after the profit taking.. thus Monday onwards will be upz...
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papayaface
Supreme |
12-Jun-2021 13:41
Yells: "This is the best time to enter....when everythings uncertain" |
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May be early next week should have some profit taking and price will drop to below 30 cts before the manipulators push the price up beyond 50 cts by the end of week. Hold tight for uptrend to continue. Good luck
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