MORE Shareholders Buried Alive / Sunan Srichandra

Stocks from More Return Public Company Limited or MORE are making new history in the stock market. As an all-time high stock, it has fallen to the floor by 30% or has been on the floor for 5 consecutive days.

Since the maximum share price ceiling was adjusted from 10% to 30% around 1994, no stock has ever been on the floor for 5 consecutive days.

MORE stocks were bombarded and sold until the price hit the floor. After making a transaction to hide MORE shares during the trading period or ATO in the amount of 1,531.77 million shares at a price of 2.90 baht on Thursday, November 10, until the price came down to close at 1.95 baht or a decrease of 30% for the first day.

And it was sold until the price continued to reach the floor since opening trading for another 4 working days amid soft buying pressure. Until last Wednesday, November 23, the closing price was 48 satang.

In the past, stocks that were on the floor for more than 10 consecutive days, such as shares of First City Investment Co, Ltd or FCI and shares of Rattanakarn Housing Co, Ltd or RR, were panicked by investors. After the Securities and Exchange Commission (SEC) announced the charge of Khunying Patcharee Wongpaitoon or Rattakul and others in the crime of manipulating the two stocks.

but at that time The upper ceiling of the stock is only 10%, and when the ceiling of the highest and lowest stock price is raised to 30%, there has never been a stock that has fallen on the floor for 5 days in a row.

The new record of MORE stocks is definitely not admirable. But it turned out to be a great tragedy. For more than 6,000 investors who hold this stock in their hands. Because even if you are ready to break and sell at a loss

But the stock didn’t sell. because since being on the floor on the 3rd or 14th of November Almost no pressure to buy this stock. with long queues of orders to sell hundreds of millions of shares every day But he has bought less than 10 million shares and reached the level of ten million shares on Wednesday, November 22.

Investors who are “stuck” in MORE stocks suffer a lot. because he is ready to sell at a heavy loss But there is no one to buy and they don’t know where the lowest point of this stock is, don’t know when it will recover

Looking back at the fair value evaluation by the business consolidation method, used by IV Global Public Company Limited, an independent financial advisory firm, which came to evaluate the fair value of MORE shares in June 2022, investors may even more depressed.

Because there is a fair price of MORE shares that the independent financial advisor evaluates If the company issues 300 million shares of capital increase at a par value of 5 satang, selling to certain investors with Mr. Amrit. Lull Chit Charoen President and CEO as the number one main shareholder MORE at a price of 2.28 baht per share

It is estimated that the fair price of MORE shares is only 19-20 satang.

If anyone reads the report by IV Global Public Company Limited, published through the Stock Exchange of Thailand in June or mid last year. and not too optimistic Not based on the illusion that Mr. Amrit or Sie Mo will buy 300 million shares from a capital increase at a price of 2.28 baht per share. Still selling the shares. Karma of MORE shares is over.

But more than 6 thousand investors are still suffering because they carry MORE shares and until they can sell this stock. perhaps exhausted

Who is behind it, dragging the stock price MORE far beyond the fundamentals? It is considered to create sin and create karma with black-eyed investors.

But there are also small stocks that are bad. There are hundreds of other risky stocks. with a dealer or a sinful big leg Ready to give ruin to investors who fall into the game.

Just any investor will escape in time. before hundreds of small, bad stocks find the end just repeating MORE stocks