Supercomnet share price plunged !

Supercomnet Technologies Bhd (SCOMNET) share price plunged for last two days after news on PM's son will not buy the company shares.

On Monday, the company said it had struck a deal with PM's son Mohd Nazifuddin Mohd Najib that he had the option to buy the company's 18% stake for about RM10 millions but he declines the option.

In an agreement with the company, PM's son has a 30-day option to buy 45 million ordinary Supercomnet shares at RM0.225 per share.

Since he has 30 days to decide on the option, whoever bought the shares recently are hoping he will reverse his decision made yesterday.

Otherwise it will not be long before the share price back to RM0.10.