With the unexpected twist/development in AINV, it is seems to be contradicted to the speculation that AINV is going to push the price above their right issue price. Now AINV is seems to be not bothered about their right issue success or AINV’S plight at CSE.
One Doctor and client of crap shares, who bought AINV@ Rs. 1.10 above the CSE trading price through crossing in year 2014, thank god he is now inactive due to his old age and he now not in good terms with AINV, otherwise he will be on the forefront to buy the AINV again at high price now.
In the case of AINV, applying financial or fundamental theory is nonsense, only logical approach is applicable.
When the cash trapped AINV announced the big proportion of dividend compare to AINV’S NBVS in last 26th Sept 2016, I had mentioned that their dividends main focus point is right issue announcement later to pull out bigger money from investors, but the right issue came on 28th Feb 2017. To facilitate this earlier they even split the AINV shares.
Now AINV realized that they can’t elevate the AINV’S price at CSE to push up above the AINV’S right issue price.
Through their dividend distribution, cash trapped AINV further pushed into difficulties, now they understand that they can’t success their right issue, through the AINV’S dividend bait.
If they use the colossal sum, now collected through selling AINV @ cents 60 to clear the AINV’S selling order bid at cents 70, cents 80, cents 90 or even above one rupees at CSE order book, those retailers who bought the AINV @ cents 60 now, will quickly profit out this, because all the investor are very well know about the AINV’S past track record.
Due to this AINV can’t success in their action and further lose of fund is possible to those behind the AINV’S possible play.
Now AINV’S main stakeholder is in his selling spree. Main buyers are greedy retailers with right issue price target speculation or imagination. Not big investors or those following the fundamentals are buying.
This AINV’S main stakeholder’s selling is similar to PCH main stakeholder S.H.M.Rishan selling in year 2014. During that time most of the retailers thought, PCH going to use that fund collected through downloading PCH@ cents 50 to push up the PCH price,
but all the retailers later lost their money and exit from CSE and now all can see the plight of PCH.
Now they are targeting the greedy retailer @ cents 60. When the retailers total buy order quantity bid is reducing at cents 60 level, suddenly those selling at cents 60 is turning as buyers at cents 70 for short period of time.
Thus they enticing/attracting the retailers to line up at cents 60, until accumulate with big total buy order quantity, then suddenly big amount of AINV were generously downloaded on those greedy lined up at cents 60 (See the AINV’S 30/05/2017 trade pattern also)
AINV may go up or go down depending on the idea of those behind the AINV, but final loser are greedy retails gurus those running behind AINV.