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take every bullish comment here with a pinch of salt, this is a penny, its ultra high risk. penny companies dont care bout their reputation and would simply create news just to goreng, pdz is a good example. but in terms of solidity, this offtake agreement is more promising than all the news flying around by other pennies such as pdz anzo.
one point to ponder is how nexgram is going to fulfil 500k boxes of gloves/month in the midst of severe shortages? call any gloves companies, you wont get your stock till next january at least. and did they acquire/jv with any gloves companies? dont think so as they would have announce. but if delivery really takes place in November, close eye rm0.1 is no problem. high risk, high return, allocate ur portfolio well.
haha xavier, go understand what is an offtake agreement, offtake agreement is solid, but give both parties room to call it off via a negotiated fee, its not 100% done deal till they can really deliver the stocks in Nov
haha ya bro, that's y i said its more promising compared to announcements by other pennies, there is still a risk of it being called off if nex cant deliver, but i wont trouble myself to find out where they gonna source their gloves, im already in nexgram months ago, u can check my oldest post here, and ive tp half of my holding. now just hoping the other half can deliver more astronomical return in coming months! its all risk management, whoever read this just make sure you dont go all in!
lol, i still believe it can pass 0.1, also a good gain already! and fingers crossed if November they really deliver, the price sure fly higher, janji no U turn on the agreement like our gomen.
ya the news seem far better than lambo and pdz and anzo. this one much more promising. unfortunately im only holding the warrant at the moment and not he mother share haha. will buy the mothershare on monday and keep until next year haha.