Wednesday, June 1, 2011

Mclean IPO, what happen??

Well, my previous posting that MClean price will stabilize at 29sen seems to be invalid now that this company posted a pretax los of ~RM200k. barely a month since this stock got listed.
Hell, no one would ever expected that a company who got screened and approved by SC will still post a loss ~3 weeks after IPO!!!
I have one comment for SC, the research house (Kenanga), Bankers who prepare approved the prospectus, fuck you and may you rot in hell. This is worse than broad daylight robbery, its pure CBT and those responsible should be arrested and put in jail to restore the trust of the investment community towards KLCI.
Knowing damn well that the company's financial health is not good, the IPO is still approved.
Don't fucking tell me that the company only starts to lose money after IPO?
By the grace of God I am not involved in the this stock but I cannot stand the way our government allow these irresponsible and corrupt institutions to cheat money from investors particularly the unsuspecting public who has limited access to the health of the company on its way for IPO.

With the latest quarterly report from this company, I now set the target price for Mclean to reach 9 sen.... its a SELL at all cost!!!

SC, if you have haven't lost your soul to the devil please delist this company from the exchange.

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