Short Position - MGRC, population, rubber gloves

THE issue before us is no longer overpopulation, it is going to be a falling population and that has billionaire Elon Musk worried. He went on to tweet that the drop in global population will lead to the collapse of civilisation and if you look at it, there is a lot of trouble if the number of people starts to shrink.

MGRC’s erratic share price

FOR a company still being an affected listed corporation pursuant to Rule 8.03A of the listing rules, it is strange that the share price of Malaysian Genomics Resource Centre Bhd (MGRC) had spiked to a high of RM2.57 on Nov 30.

At that price, the health technology company would have had to have profits of over RM31mil to justify a price earnings multiple of only 10 times.