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https://theedgemalaysia.com/node/756614 Even it’s IPO underwriter IB downgrading target to 50 cents. This is a single customer from China risk with the no tangible contracts from Samsung to date. Assuming a loss of RM10 million each quarter over the next 3 quarters its nett cash position depletes to RM70 million blowing out its NTA to about 10 cents. Once can anticipate the potential margin calls should the price hit 30 cents
