Take a quick look at the audited financials and realised this company is seriously undervalued... Should be worth at least 7 to 8 cts based on O& G peer context at a very below market valuation.. Dont grab now wait for the sky to the rise from the west?... lol....
Ya they are in pain now,,, Told you not to play with fire,,,,

SmallSmall ( Date: 08-Jun-2022 15:45) Posted:
|
wah second wind.
Short seller barbecued
SmallSmall ( Date: 08-Jun-2022 15:45) Posted:
|
This one very illuquid with small free float. Today volume 15.4 milUp $0.007.
Shortists will be in pain soon. May move upl back to the high $0.048 or higher today if there are enough shorts 
Shortists will be in pain soon. May move upl back to the high $0.048 or higher today if there are enough shorts 
Watch out for the short squeeze soon 
Comprehensive MRO Solutions Provider in the Offshore, Marine and Oil & Gas Industries
Related to the O& G sector... Disgustingly undervalued.. PE less than 3 times and profitable for the last 2 years... How can be at this price...?   
  It will be up for grab again ........
so my interpretation of this news as positive is correct. went in  yesterday at 35    already out at 47 for decent 12 pips  profit 
spursfan ( Date: 06-Jun-2022 16:05) Posted:
|
Run up fast better dun chase very highjy distribution ongoing my bet on short
strong push may attract shortist
strong start today.
not bad up 8 pips
showing some life  after yesterday announcment.
mencast given  a lifeline by sgx to transfer to catalist but still have to go thru the porcess .
APPLICATION FOR AN EXTENSION OF TIME TO EXIT THE WATCH-LIST PURSUANT TO RULE 1314 OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED 
2. GRANT OF EXTENSION
The Board wishes to announce that the Company has received a notification from SGX-ST on 3 June 2022 that it has no objections to granting an extension of time of up to 30 December 2022 (&ldquo Waiver&rdquo ), subject to the following conditions:
a) the Company announcing the Waiver granted, the reasons for seeking the Waiver, the conditions as required under Mainboard Listing Rule 107 and if the Waiver conditions have been satisfied. If the Waiver conditions have not been met on the date of the announcement, the Company must make an update announcement when the conditions have all been met and
b) the completion of the Company&rsquo s transfer of its listing status to Catalist by 30 December 2022 (collectively, the &ldquo Waiver Conditions&rdquo )
https://links.sgx.com/1.0.0/corporate-announcements/ZV2R4PNC68T3HGUB/719902_Mencast%20-%20Approval%20of%20EOT%20to%20Exit%20Watchlist.pdf
APPLICATION FOR AN EXTENSION OF TIME TO EXIT THE WATCH-LIST PURSUANT TO RULE 1314 OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED 
2. GRANT OF EXTENSION
The Board wishes to announce that the Company has received a notification from SGX-ST on 3 June 2022 that it has no objections to granting an extension of time of up to 30 December 2022 (&ldquo Waiver&rdquo ), subject to the following conditions:
a) the Company announcing the Waiver granted, the reasons for seeking the Waiver, the conditions as required under Mainboard Listing Rule 107 and if the Waiver conditions have been satisfied. If the Waiver conditions have not been met on the date of the announcement, the Company must make an update announcement when the conditions have all been met and
b) the completion of the Company&rsquo s transfer of its listing status to Catalist by 30 December 2022 (collectively, the &ldquo Waiver Conditions&rdquo )
https://links.sgx.com/1.0.0/corporate-announcements/ZV2R4PNC68T3HGUB/719902_Mencast%20-%20Approval%20of%20EOT%20to%20Exit%20Watchlist.pdf
Hope it break 40 today ..oil is movin
Bot some @39. If clear 40 high chance can break previous high!
Nice 45 coming soon?
Train moving soon
Finally ..coupled with good results
Nice ... Lai Liao slowly