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it being manipulated by the boss. one thing is that he can't squeeze it much lower as that would trigger its margin call. he only can depress it to this level and make ppl sell back to him. his game is almost over as there s not much room for him to manipulate anymore.
seems UIMB is unable to settle the outstanding loan or to review a new charge rate and kept extending the timeline by dangling rm600k-700k monthly repayment which was at first owed to Bintai. good that Bintai set conditions for such extension and need to be agreed and approved by 29 June or else no more game play by UIMB.
one more trading day to go b4 it enters June, Gent can acquire more than 2% outstanding shares but cant acquire above 2.35 price, world cup season in US, and not forgetting Taurx HMTM may obtain approval from UK MHRA after 24 months since the first application in June 2024.
not reflected in the share price. this is what I said manipulation by the boss for his own interests. less than a week b4 expiry of 6 months restrictions.
don't expect recovery now until Genting boss settles the GenM delisting. another 10 days to go before they can do any big move with GenM especially on acquiring genm shares from open market.
