Today there is a news on Krono acquires remaining stake in Quantum China, with headline saying Krono is stepping footprint into China Market. A lot of traders quickly bought into krono thinking Krono will grow tremendously due to this news. in fact, this is only partially true. WHY ?
because this news is old news. the same news headline was reported back in 2018 which managed to stir traders interest and made the price shoot up. That time Krono acquired 16.67% which already made krono stepping the footprint to china market since 2018.
But, today, the headline again make it big big stepping into CHINA market so that it will catch traders eye.
and, from past historical event, Krono price is always disappointing comparing to other tech/semicon stocks due to many rounds of Private Placement were done which diluted the existing shareholders shares which i guess, was the reason that our profound Malaysian Investor , coldeye, sold his stake.
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