Thursday, May 5, 2011

Tricubes - see what I mean...

I mentioned before Tricubes was not worth the run they had. Something must be there. See CIMB sold its 10.8% stake.

Yesterday's news from The Edge daily:

Commerce Tech Ventures pares stake in Tricubes

Kuala Lumpur: Commerce Technology Ventures Sdn Bhd has ceased to be a substantial shareholder in ACE Market listed Tricubes Bhd.

In an announcement on shareholding changes yesterday, Tricubes said that Commerce Technology Ventures sold 14.5 million shares or 10.82% equity interest in the company, leaving it with 6.2 million shares or 4.63%.

About 8.33 million shares were sold on the open market on April 27, while five million shares were sold on April 26 and 1.16 million on April 25.

The price at which the shares were sold was not disclosed, but in the three days of trading Tricubes hit a low of 25.5 sen and a high of 29.5 sen. Tricubes closed at 20 sen yesterday.

This article appeared in The Edge Financial Daily, May 4, 2011.

They don't even care that you will know. By the way, today's latest price for Tricubes - RM0.195. I hope some of you don't get burned...

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