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After he disposed his shares, he still holds 6.5% ordinary shares and >50% ICPS. If he were to convert all ICPS to mother share by pumping in own money, he need RM54mil to convert.
He has to convert all before the ICPS expires what. Today's conversion obviously indicated that he doesn't have enough money to convert so many ICPS which is >250mil ICPS (direct & indirect), that's why he sold some of his shares, get the money and do the conversion. It would take a while for him to convert all.. Furthermore, he convert it, means he has confident towards his company ma.
The improved performance from quarter to quarter is a good testament that the diversification to ERP & IoT is the right move.
This boss has good vision and dare to change to bring value to shareholders.
Just hold long term and enjoy the fruits together with this company.
We shall be rewarded one day.
