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Things take time. In the end the proposal to pay banks with new shares is NOT that attractive. Would rather get a counter that has assets without leans.
I am negative on Alam since the spike. But I think that there is no more downside. The price will settle here, or even rebound slightly. This was a general market disaster, Alam already priced it in. Good Luck.
The distribution of the shares to small buyers has started. Big fish that bought at 3 sen and below are now offering shares to small fry at 4. Look at the sell order volume at 4. Huge !
