Just How High Can You Fly Jetson?

Saw the following news clip on Star Business: K Jetson unusual market activity due to speculation

• Saturday November 14, 2009
  
  K Jetson unusual market activity due to speculation
  
  PETALING JAYA: Kumpulan Jetson Bhd’s unusual market activity could be linked to market talk that the Naza Group is close to securing a privatisation project.
  
  “The company is not aware of any reason for the unusual market activity but it could be due to speculation on the privatisation project by Matrade to Naza Group.
  
  “The market may have linked the Naza Group to Jetson by way of common shareholders,” Kumpulan Jetson said in a filing with Bursa Malaysia yesterday.
  
  It added that it had made due enquiry with its board as well as major shareholders and found there was no material corporate development not previously disclosed.
  
  The exchange had queried Kumpulan Jetson following strong trading activity in the stock in the past few days.
  
  The share price had surged 39% in the past one week but closed one sen lower at RM2.94 yesterday.

LOL!

This stock closed at rm2.94.

Speculations eh?

One really have to admire the company's straight forward answer. No twisting, no turning. Hey, it's pure market speculations. What's wrong?

And don't you just love the stock name? Jetson.

Eh? What's wrong with the name Jetson? Well, nothing. LOL! But local folks just love to play with names. Jetson could easily turn into son of Mr. Jet. And since jets do fly, surely one would say the son of the jet should also fly. LOL! (ps. if you stop your stare, i shall stop this kind of talk. :p2 )

Anyway, posted on 21st September 2009, What's Up Kumpulan Jetson?. Jetson last closed on that day 1.96. Jetson today is rm2.94. (Why some say they cannot make money in Bursa Malaysia ah?) (yeah, stop gawking! hehe)

Ain't life grand?

This used to be a 60 sen stock.

Hello... 60 sen stock.

Now it's a 2.94 stock!

Ooolala! Stop gawking wei! Already declared that it is market speculations.

ps: on 4th November, there was this newsclip.

• Jetson proposes private placement of 5.279m shares
  Written by Joseph Chin
  Tuesday, 03 November 2009 19:27
  
  KUALA LUMPUR: KUMPULAN JETSON BHD [] has proposed to undertake a private placement of 10% of its paid-up or 5.279 million shares.
  
  The company said on Tuesday, Nov 3 the shares to be placed out was expected to raise gross proceeds of up to RM11.1 million.
  
  This is based on a maximum issue size of 5.279 million placement shares, and assuming the issue price of the placement shares is fixed at RM2.10 per placement share.
  
  At RM2.10, this is a discount of about 7.9% from the five-day weighted average market price of up to Nov 2 of about RM2.28 per Jetson share.

Now don't you wonder?

Yeah I do wonder too.

Don't you love this placement share tool?

ps... so easy to make money hor.

ps/ps.. why call it private placement? call it privilige placement mah!

5.279 million shares at 2.10. Now the share price is at 2.94.

LOL!