Did Uncle read this two articles?:

NEW DELHI (March 3): The blistering rally in palm oil is starting to turn away customers in India, the world’s biggest importer.

Buyers have canceled as much as 100,000 tons of planned palm oil purchases in the past seven days, according to Sandeep Bajoria, chief executive officer of Sunvin Group, a Mumbai-based trader and broker of vegetable oils.

“We can’t buy at these prices,” he said. “Demand destruction is happening.”

Link: https://www.theedgemarkets.com/article/massive-palm-oil-rally-starting-turn-away-buyers-india

Another article:

"Jakarta has also been asked to reduce their biodiesel blending rules. Currently, 30 per cent of all biodiesel sold in Indonesia need to be derived from palm oil."

Link:

https://swarajyamag.com/insta/india-tells-indonesia-to-boost-palm-oil-exports-in-order-to-compensate-loss-of-supplies-from-black-sea-route-report

BLee: High prices do not necessarily get buyer/profit, and there are always solutions for any shortcoming??

Happy trading and TradeAtYourOwnRisk.

@HuatHuatHuatLa: Bro BLee, from the last annual report, the largest shareholder is only own 1.93% of Fintec. Just invest RM5m, you could be the largest shareholder and draw 500k monthly salary le. hehe

BLee: Haha bro @HuatHuatHuatLa, I am just a small investor among those big taikor (big bro), won't even park RM1mil in the market. I am more into mortar solid properties.

@TalkC: Consolidate soon at 0.005 x 100?

BLee: Hi bro @TalkC, half day closing already 0.015, 50% gain and 100% queue buy done, I think not consolidate x100? This talk of consolidation at 0.005 already months, but the queue buy at 0.01 getting longer..So most likely not at x100.

Happy trading and TradeAtYourOwnRisk

@JJPTR: fintec 1c now.
To print new shares via ESOS/PP/RI at 15c, no takers
So the company will do 20:1, after ex, price will start from 20c

BLee: '15c, no takers'?, 20c can expect takers'? I repeat I am against ESOS and PP bcos of the around 10% discount to encourage the take up. I have no problem with RI as no dilution if we take up or sell the Offer Rights (OR)..

@JJPTR: Than after 20:1 for few weeks,can announce RI of 5 for every 1 existing
From 5b shares down to 250m share after 20:1
Now from 250m shares to 1.5b shares
What has changed fundamentally? company now can produce PAT?

BLee: I think you forget about NAV or NTA? All this Consolidation, ESOS, PP and/or will increase NAV/NTA and/or paid up capital?? NOT just toilet paper? NOT so easily approved?

@JJPTR: I guess the staff and management still happily getting their salary and CEO get his 450k salary.
One thing has definitely changed. You or someone has generously donated lots of millions to the company.

BLee: This 'donation' will be accounted for and NOT so easily utilized..PP and RI must be with purpose in the approval stage and money deposited in bank account for that purpose only. All these penny stocks issuing PP/RI are cash rich with very little borrowing due the above reason??

Happy trading and TradeAtYourOwnRisk

@KLLee_0110: Any news of quarterly report performance?


21 hours ago

BLee: Hi bro @KLLee_0110, actually I have prepared this reply anticipating remarks of  'ANOTHER HUGE LOSS' of -5,595,883 and I will replying included FAIR VALUE (LOSS)/GAIN ON MARKET SECURITIES of -24,017,589 (paper loss).

Note: Actually, Focus D PROFIT FROM OPERATIONS improved by 21,685,330 vs 6,038,236 of the same period year before.

This paper gain/loss fluctuated over few years like 'yo-yo' as shown in :- 

-FIRST QUARTER ENDED 31 MARCH 2021, FAIR VALUE (LOSS)/ GAINS ON INVESTMENT SECURITIES of 8,534,740

-FOURTH QUARTER ENDED 31 DECEMBER 2021, FAIR VALUE (LOSS)/GAIN ON MARKET SECURITIES of -24,017,589


This is just like riding the 'yo-yo' wave, when will be the next fair value gain wave?


Happy trading and TradeAtYourOwnRisk

@whistlebower99: LATEST QR ANNOUNCEMENT

Another huge loss

Profit/(loss) attributable to ordinary equity holders of the parent -16,252,000

Quarterly rpt on consolidated results for the financial period ended 31/12/2021 https://www.klsescreener.com/v2/announcements/view/3509793

TAYOR
28/02/2022 8:58 PM

BLee: Hi bro @whistlebower99, you are right on 'ANOTHER HUGE LOSS' and this included Fair value adjustment on other investment -14,687,000 (paper loss). This paper gain/loss fluctuated over few years like 'yo-yo' as shown in :-
-SECOND QUARTER ENDED 30 SEPTEMBER 2020, Fair value adjustment on other investment of 31,745,000
-THIRD QUARTER ENDED 31 DECEMBER 2021, Fair value adjustment on other investment of -14,687,000

This is just like riding the 'yo-yo' wave, when will be the next fair value gain wave?

Happy trading and TradeAtYourOwnRisk

@whistlebower99: LATEST QR ANNOUNCEMENT

ANOTHER HUGE LOSS

4 Profit/(loss) attributable to ordinary equity holders of the parent -42,353,000

Quarterly rpt on consolidated results for the financial period ended 31/12/2021 https://www.klsescreener.com/v2/announcements/view/3510059

TAYOR
28/02/2022 9:00 PM

BLee: Hi bro @whistlebower99, you are right on 'ANOTHER HUGE LOSS' and this included Fair value loss on investment securities of -38,522,000 (paper loss). This paper gain/loss fluctuated over few years like 'yo-yo' as shown in :-
-2ND QUARTER AND PERIOD ENDING 30 SEPTEMBER 2020 of fair value gain on investment securities 714,231,000
-FINAL QUARTER AND PERIOD ENDING 30 JUNE 2021 of Fair value loss on investment securities -915,815,000

This is just like riding the 'yo-yo' wave, when will be the next fair value gain wave?

Happy trading and TradeAtYourOwnRisk

@pineapple123: how come company can issue own shares like this ? why didnt they buy direct from market?
17/02/2022 9:50 PM

@Musang King: Funny isnt it? More than 500 millions shares queued up to buy at 1 sen everyday. Fintec still have to issue ESOS at 1 sen today. ?????
18/02/2022 3:59 PM

BLee: Hi bro @pineapple123 and @Musang King, buy from market needs 1.5sen from the seller queue and money circulating, good to increase demand. Issuing ESOS means getting interest free money, two different matters. Any PP exercise done in 2021 will not get exemption in 2022?? How many ESOS can be exercised from previous allocation? The quantities could be (As at 30 September 2021, a total of) 1,430,000,000 outstanding??
Date: 26 October 2021 RM0.0175 Offer Qty: 200,000,000
Listing Date: 17 Nov 2021 Qty: 57,142,857
Listing Date: 19 Nov 2021 Qty: 142,857,143
Date: 25 November 2021 RM0.015 Offer Qty: 499,239,000
Listing Date: 01 Dec 2021 Qty: 280,000,000
Date: 9 December 2021 RM0.0102 Offer Qty: 84,000,000
Listing Date: 17 Dec 2021 Qty: 84,000,000
Date: 23 December 2021 RM0.01 Offer Qty: 328,439,000
Listing Date: 07 Jan 2022 Qty: 68,000,000
Listing Date: 14 Jan 2022 Qty: 20,000,000
Listing Date: 18 Feb 2022 Qty: 20,000,000

I believe this grouping of ESOS is at the tail end, and needs approval if there are any more ESOS.

@HuatHuatHuatLa: Bro BLee, good morning, thank you so much for your information, l am interested in fintec because of 0.010 or 0.015, which is damned cheap la, l have bought few millions fintec shares early February and intend to buy more. hope to sell 0.150
20/02/2022 10:17 AM

BLee: Hi bro @HuatHuatHuatLa, we shall thank each other for good info sharing. I am repeating I am against PP and ESOS due to the roughly 10% discounted price, I am just taking the gamble to invest close to the discounted price and hope that is the last tranche.

Happy trading and TradeAtYourOwnRisk.

@HuatHuatHuatLa: Bro Blacksails, thanks for your advice. l only have 3m shares in fintec and intend to buy more for investment.

20/02/2022 7:50 AM

BLee: Hi bro HuatHuatHuatLa, please take what has been written in i3 with a pinch of salt including what BLee has written as it is biased for the sake of arguments/defending on the investment. Please do your own research, especially from official announcements.

For example, the question where is all the cash raised, how much siphoned, is the cash raised to invest in others penny stocks?; can be found in QR and AR reports.

In the latest AR2021, you can find some of the answer extracted below:
Link: Annual Report & CG Report - 2021 https://www.klsescreener.com/v2/announcements/view/3449517
- Page 34, The status of utilization of proceeds raised from the 30% Private Placement as at 30 June 2021 is as follows:-
Unutilized of RM10.154 mil out of RM18.3 mil
- Page 35, The status of utilization of proceeds raised from the Rights Issue with Warrants C as at 30 June 2021 is as follows:-
Unutilized of RM78.56 mil out of RM114.617 mil
- Page 36, As at 24 March 2021, a total of 701,452,600 SIS options had been exercised, lapsed (257,094,500)
- Page 36, As at 30 September 2021, a total of 1,430,000,000 options were offered to eligible employees under the ESOS. Exercised 500,000,000 and lapsed 500,000,000; balance unknown?
- Details on SIS/ESOS exercise prices on pages 47 onwards.

Happy trading, do your own due diligence and TradeAtYourOwnRisk

@mach10: BLee ,you obviously do not know how the syndicate works. you are a green horn

16/02/2022 5:06 PM

BLee: Hi @mach10, you can call BLee whatever colour horn you like, BLee has seen the up and down of the market since the '80s..perseverance in trading paid handsomely throughout the years. This time, I am banking on cash rich due to unjust fundraising, beat down and hardly any borrowing stocks. All these investments profit from others' shares I flipped; buy low, sell high and buy low again, repeating many times..nothing to lose. Even my barber knows this trick, telling me not to worry as the market will bounce back later rather than sooner due to the pandemic. If it doesn't go up, how did the syndicate/foreign fund make money?

Happy trading and TradeAtYourOwnRisk

@Icon 888: Consolidation soon.. run for ur life
16/02/2022 1:59 AM

BLee: Hi @Icon 888, I don't think consolidation will be any time soon for the following reasons:
1.A controlling shareholder keeps increasing stakes.. Acquired above 5% on 18.01.2021. Changes in Director's Interest (Section 219 of CA 2016) - MR ROY HO YEW KEE https://www.klsescreener.com/v2/announcements/view/3294927
Recent increased stake on 10.01.2022. Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR ROY HO YEW KEE https://www.klsescreener.com/v2/announcements/view/3487841

2.Completed PP (could be the reason price depressed?) on 23.12.2021. Too soon for consolidation after the PP?
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING https://www.klsescreener.com/v2/announcements/view/3479091
On behalf of the Board, UOBKH wishes to announce that 510,861,906 Placement Shares issued pursuant to the Private Placement were listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on Thursday, 23 December 2021, which marks the completion of the Private Placement.

3. Exchange of shares and cash for stake of 30% EQUITY INTEREST IN TREE MED VIA A COMBINATION OF RM4,000,000 IN CASH AND RM10,000,000 VIA THE ISSUANCE OF 200,000,000 NEW KAG SHARES AT AN ISSUE PRICE OF RM0.05 PER KAG SHARE
https://www.klsescreener.com/v2/announcements/view/3418327
MULTIPLE PROPOSALS https://www.klsescreener.com/v2/announcements/view/3419083
On behalf of the Board of Directors of KAG ("Board"), UOBKH wishes to announce that all conditions precedent pursuant to the SSA have been fulfilled and 200,000,000 Consideration Shares issued pursuant to the Proposed Acquisition were listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 2 September 2021, marking the completion of the Proposed Acquisition.

As seen above, which parties will be at the losing end? As seen in item 3, what will be the support if the exchange is done at 5sen vs present price of 1.5sen?

Happy trading and TradeAtYourOwnRisk.

Hi @mach10, no intend to lure anybody to invest, just defending my own investment highlighting my own view neutralizing some negative view..
Happy trading and my 'warning' always TradeAtYourOwnRisk

@mach10: be smart .dump back the share at RM0.15. this stock is hopeless.
14/02/2022 4:27 PM

BLee: Hi @mach10, smart or not, hopeless or not, will be known in the next two quarters as per below announcement:

TREEMED SDN BHD ("TREEMED"), A KEY ALLIANCE GROUP BHD ("KEYALLIANCE") ASSOCIATE, SECURES RM32 MILLION CONTRACT FROM THE GOVERNMENT ("CONTRACT") https://www.klsescreener.com/v2/announcements/view/3439985

Details:
-The Contract period is 4 years, commencing from 10 January 2022 to 9 January 2026.

-As the Contract was secured by Tree Med, a 30% owned associate company of KAG, the Group is not expected to have material effect on the earnings, net assets and gearing of KAG Group for the current financial year ending 31 March 2022. Nonetheless, KAG Group expects positive contribution on its earnings in the future arising from the share of profit for associate.

-Pursuant to the Contract, Tree Med will supply reagents instrument placement for centralised chemical pathology test to 9 hospitals in Malaysia.

Press release:
“We will be bidding in tenders to supply to other government and private laboratories as well in the future if the opportunity arises. It is important that the labs are receiving good quality products to ensure that the best results achieved,”

COVID-19 RT PCR Kits announcement:
-Key Alliance Sdn Bhd, a wholly-owned subsidiary of Key Alliance Group Berhad, appointed as representative for registration, marketing and distribution of COVID-19 RT PCR Kits, produced by Wells Bio In https://www.klsescreener.com/v2/announcements/view/3165269

And it also depends on KOMARK face mask businesses..

Happy trading and TradeAtYourOwnRisk

@whistlebower99: FOR NEWBIES

Get to know the stock before trading

https://www.klsescreener.com/v2/stocks/view/0036/key-alliance-group-berhad

BLee: Good advice. I have reviewed, and my opinion is in two of my articles.
Link:
https://klse.i3investor.com/blogs/BLee_KGroup/2021-09-29-story-h1591811547-KGroup_Growth_from_PP_SIS_and_RI.jsp

This article highlights the purpose of fundraising for new ventures in the medical field and cloud storage. Any issues?

https://klse.i3investor.com/blogs/BLee_KGroup/2021-10-25-story-h1592859260-KGroup_Connecting_the_Dots.jsp

The second article touched on the details of ventures and the related companies..

@whistlebower99:
Total issued shares = 3,065,171,440

WC = 982,103,848
Maturity 2023-11-10
Strike value 0.0500

BLee: WC (warrants will expire, NOT mature, if NOT converted by 2023-11-10) needs 5sen cash to become mother share, doable?

@whistlebower99:
Many years of losses in the last 15 years

BLee: Good point. Will new ventures overturn these losses?

@whistlebower99:
INVESTMENT IN OTHER PENNY STOCKS:-

https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=KEY%20ALLIANCE%20GROUP%20BERHAD&cat=SH%2CCHSH&sub_type=&company=&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=%23%2F&page=1#/?category=all

BLee: All this acquisition already highlighted in my two articles above..

@whistlebower99:
Monitor
quarterly reports
frequency of fund raising activities by directors vi shares issuance to ESOS, PP
utilisation of company funds by directors especially on penny stocks investment

====================

TAYOR. Set realistic target to take your profit
Be prepared for 1 day show
14/02/2022 10:21 AM

BLee: Good advice. What are the chances of PP and ESOS? There are not many 'fats' left, only 'bones' at present price?? The argument of consolidation to gain more 'fats' cannot be discounted; but unlikely??
Happy trading and TradeAtYourOwnRisk

@pineapple123: Go and read what is going on in BCMall folks.

11/02/2022 11:46 PM

BLee: Hi bro @pineapple123, interesting read, thanks. Since most of this penny stocks price are equal or lower than PP/ESOS price, what is the problem to invest at such low price? At present, market improving (mostly blue chips/bank stocks), will penny stocks to be next?

Happy trading and TradeAtYourOwnRisk

@whistlebower99: FOR NEWBIES

FINTEC total issued shares (NOSH) = 5,862,797,474 keep increasing toward 6 BILLION SHARES.

PA = 254,3081,35
BLee: auto convert 11:8 ratio upon maturity and $ from PS account to authorized cap? No issue?

WA = 170,092,838
Maturity 2024-04-19
Strike value 0.1900
BLee: warrants will expire, needs to be paid 19sen to convert; doable?

WB = 116,443,428
Maturity 2022-12-04
Strike value 0.1000
BLee: warrants will expire, needs to be paid 10sen to convert; doable?

WC = 1,146,126,828
Maturity 2023-12-20
Strike value 0.0800
BLee: warrants will expire, needs to be paid 8sen to convert; doable?

@whistlebower99: Trade cautiously on low price penny stocks to avoid huge losses if directors decided to go for shares consolidation to trim the fats.

11/02/2022 3:18 PM

BLee: Hi bro @whistlebower99, for any shares consolidation, conversion/strike price will be adjusted accordingly, should be no issue..

Happy trading and TradeAtYourOwnRisk

@Ding HL Allan: Pineapple123, I fully support what you said above. BLee too. Happy CNY.

09/02/2022 11:31 AM

BLee: Hi bro @Ding HL Allan, thanks for supporting. Happy CNY "天公誕" (Tiāngōng dàn - 9th day of CNY) to you and all who celebrate.
Happy trading.

@gghaha: lot ppl wasting time analysis a useless con stk......years n years waiting ....:)

04/02/2022 10:11 AM

BLee: Hi bro @gghaha, 'hair already wet' at 2sen and averaged down lower, so only defend the investment and hope for the best. At such a low price vs NTA ratio of 1.5:8, no issue of 'kon' and waiting..tq
Happy trading and TradeAtYourOwnRisk

@JJPTR: "FxxxTEC" cash now very low.
look out for possible Right issue ?
before that 20:1 to make it 20c, than right issue @15c?

03/02/2022 3:58 PM

BLee: Hi bro @JJPTR, not mistaken, "FxxxTEC" just sold off "yy system" of 50,000,000 ordinary shares in open market and subsequent to the cessation date, "DEF - FxxxTEC" had disposed an additional 150,551,800 ordinary shares in open market within the period from 28 December 2021 to 12 January 2022. No buying recently but selling, how can it be cash low? Also raising so much "kon cash" with PP and ESOS, should be cash rich..
Happy trading and TradeAtYourOwnRisk

@sg999, thanks for comment. A happy and prosperous cny2022 Tiger year to you and all i3investor reader. Opening bids for KGroup at LU price of around 30sen by investor(s) noticed for the last few weeks, so much confidence? Any condolidate will result in increase NTA proportionally, so no issue..Happy trading and TradeAtYourOwnRisk

Hi Bro @Musang King, I mean stop on this particular topic only as if continued will seems like a long argument..I am quite interested how to gain by subscribing excess shares, just like what Fintec done. Only I don't have the right connection to get so much excess.. TQ

@alan123: I will school you here based on the thing you posted here.
1) What you mean liquidate AT-WC with huge profit and no announcement in Bursa. Please check properly in Bursa website. the selling price is only 0.0350 and I don't even know how the hell you can come out with the selling price 0.170. Please check below announcement in Bursa.

BLee: This statement was answered earlier, thanks again for the schooling part.
Doubt No.1: Is disposing of free warrants for RM17,499,022.05 considered a huge profit?

@alan123: (c) On 11 June 2020, 12 June 2020, 15 June 2020, 18 June 2020, 19 June 2020, 23 June 2020, 24 June 2020 and 25 June 2020 disposed in aggregate 321,600,000 Warrants C of AT Systematization Berhad (“ATS”) for an aggregate sum of RM17,499,022.05 (“Disposal Proceeds”) in cash to the open market (hereinafter referred to as the “Disposal”).
(Collectively referred to as the “Transactions”).

BLee: Thanks for the timeline for Asiabio disposing of the "Subscription of rights shares and excess rights shares- 421,600,000" free warrants AT-WC. Assume the "RI of 421,600,000" paid for at 421,600,000×0.035= RM14,756,000; the disposal of RM17,499,022-RM14,756,000 will get a net gain of cash RM2,743,022.
Doubt No.2: How is this "excess RI" being offered compared to 69,888,833 shares before RI? So much under subscribe or gentle agreement? Dilution for minority shareholders?

@alan123: 2) Your calculation on no. of free AT-WC warrant allocate to FINTEC from RI of AT is totally wrong for every 4 RI subscribe free 3 warrants. I don't even know how you can come out this number 210,799,999 AT-WC.
The actual warrant allocate to FINTEC is 421,600,000 / 4 * 3 = 321,600,000

BLee: As explained earlier on the correction for "Subscription of rights shares and excess rights shares- 421,600,000", the formula is for every 2 shares held will allocate "4 RI subscribe free 3 warrants" without realizing the huge excess Rights; reverse calculation. Please note the wording "Subscription of rights shares" meaning total shareholding after RI assume to be 421,600,000+69,888,833= 491,488,833.
Doubt No.3:The original 69,888,833 was sold after RI on 19.05.2020 at what price?; with losses or gain?

@alan123: 3) Initial FINTEC investment in AT is 69,888,833 which is before the AT RI. Go and dig how much FINTEC have invested in those shares. Does FINTEC still making profit now?

BLee: As in Doubt No.3, "Does FINTEC still making profit now?", your guess as good as mine?(Doubt No.4?)

I apologized to those not interested to read my long posting/clarification/defending..I will stop here.
Happy trading and TradeAtYourOwnRisk

@alan123: @BLee, I don't know what are you talking about. Profit realized from warrant you take into consideration but you close the eyes on the paper loss it is sitting with the mother share. I really don't know what investment method you using. This is as good as making accounting fraud to bluff ppl telling ppl company making profit without considering the paper loss it is sitting.

BLee: Hi @alan123, there are a lot of posts trying to depress Fintec share price so that 'newbies will cut-loss'. A lot of this posting 'ignore' the free warrants are part of the share exercises. I am NOT supporting free warrants, Private Placement, ESOS and/or SIS. I have written few articles to defence my investment, no other motive except

1.Balancing views that is "报喜不报忧 or 报忧不报喜 meaning report the good news ignoring the bad news or vice versa..since a lot being highlighted on the cons ('kons'), I would like to balance the discussion highlighting more on the pros." written in link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-12-15-story-h1595602760-Fintec_The_two_sides_of_a_coin.jsp

2. Sharing the risk involved as in one of my articles "@Forumer1: Fintec main business is issuing RI ESOS PP then Consolidation many many time.

BLee: Yes, issued a lot of ESOS and PP, depressing market price (I repeat, due to around 10% discount and not involving shareholders, it is a certain no no for me). Consolidation doesn't know yet, financially no impact for shareholders…"
Written in link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h1592921506-Fintec_I_am_speechless.jsp

3. Sharing of info as in one of my articles.
"Please see link for table on paper loss for few q-o-q..
Link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-12-26-story-h1596407088-Fintec_Few_good_questions_for_clarification.jsp
Table No.1: Summary of stocks trading from March to December 2021
-The trends vs market conditions?
-Cost is almost the same as book value and market value after Focus D price fall, paper gain/loss back to holding cost. NOT 50-60sen as speculated.
-This tabulation can roughly predict next QR profit/loss?"

I disagree 'This is as good as making accounting fraud to bluff ppl telling ppl company making profit without considering the paper loss it is sitting' from the paper gain/loss data tabulated.

Happy trading and TradeAtYourOwnRisk

@alan123: Helo @Blee, before you even post I think you should get your data right. Even your calculation of AT-WC warrant is wrong.
From what I can see. you using assumption to blind the fact and keep telling a beautiful story of FINTEC.
If you cannot get the facts right, it is best you don't post anything misleading.

I will school you here based on the thing you posted here.
1) What you mean liquidate AT-WC with huge profit and no announcement in Bursa. Please check properly in Bursa website. the selling price is only 0.0350 and I don't even know how the hell you can come out with the selling price 0.170. Please check below announcement in Bursa.
(c) On 11 June 2020, 12 June 2020, 15 June 2020, 18 June 2020, 19 June 2020, 23 June 2020, 24 June 2020 and 25 June 2020 disposed in aggregate 321,600,000 Warrants C of AT Systematization Berhad (“ATS”) for an aggregate sum of RM17,499,022.05 (“Disposal Proceeds”) in cash to the open market (hereinafter referred to as the “Disposal”).
(Collectively referred to as the “Transactions”)

BLee: Hi @alan123, thanks for being a 'teacher' for a second. I did not post 'no' as I post 'disposal of warrants usually not reported' as you have ignored the word 'usually' and I also post 'personal info'.

I think you missed my correction on my latest post. There is a "sea of data"' in all those announcements. I definitely have missed some announcements as I only started to invest in Fintec at the price of 2sen and also Fintec-PA during the revision of conversion from 16sen to 11sen. Assumption is for the 'reader' to ponder and to correct; again thanks for the sharing of data; not on purpose to mislead.

The 0.17sen is the 52 weeks high price as at that time I do not have info on selling timeline and used 50%; my 'guesstimate' of RM18 mil vs the actual of RM17.499 mil is quite right. The average selling price of 17,499,022.05÷321,600,000= 0.054, and not 0.035.

I will answer some of your postings on the announcement if I am not too busy as it also contains some doubts. The link surfed from google: https://www.klsescreener.com/v2/announcements/view/3193033

Happy trading and TradeAtYourOwnRisk

Hi @Musang King and @alan123, more info and correction in my earlier post for ATS RI around May 2020 issuance as shown in Link below:
https://www.klsescreener.com/v2/announcements/view/3164449

Details:
3) Subscription of rights shares and excess rights shares- 421,600,000
4) Disposal of shares in open market - 69,888,833

Assumption: Asiabio only owns 69,888,833 ATS shares and not as per my assumption earlier. The cost of 421,600,000 likely as per RI price of RM0.035 PER RIGHTS SHARE.

As item 4), the 421,600,000 excluding holdings of ATS shares before RI. It seems this is the modus operandi of Fintec group i.e. subscribe shares with free warrants, sell off everything after the issuance..

Happy trading and TradeAtYourOwnRisk

Hi Bro @Musang King and @alan123, disposal of warrants usually not reported. I have assume the followings:

Asiabio Capital Sdn. Bhd. hold 421,600,000 ATS shares as reported in ATS AR2021

RENOUNCEABLE RI..AT SYSTEMATIZATION BERHAD (''ATS''..) RM0.035 PER RIGHTS SHARE.. FREE DETACHABLE WARRANTS IN ATS (''WARRANTS C'') ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 2 EXISTING ORDINARY SHARES..

As at date of ATS AR2021, Asiabio Capital NOT listed in the top 30 major shareholders of AT-WC indicating already liquidated with huge profit..?

The math:
Before RI, Asiabio Capital own 421,600,000÷6×2= 140,533,333 ATS shares which entitle to free warrants of 140,533,333÷2×3= 210,799,999 AT-WC
Assume this free warrants sold of at 52w high equivalent of 210,799,999x0.17= RM35,835,999.83

If assume sold at 50%, could easily gain RM18mil..

Did Fintec make a loss investment? It is just a "guesstimate", quite true that Asiabio Capital had sold of RI free warrants of many counters. One example:
"Article B11 - Status of corporate proposals
a) On 2 December 2020, Asiabio Capital Sdn. Bhd. (“ABC”), a wholly-owned subsidiary of Fintec, has subscribed in aggregate 25.05% or 512,099,792 ICPS with 768,149,688 free detachable Warrants D of Focus Dynamics Group Berhad("the free detachable Warrants") for an aggregate sum of RM28.16 million in cash via the Rights Issue of ICPS with Warrants of Focus at an issue price of RM0.055 per ICPS. On 21 December 2020, ABC had disposed the free detachable Warrants for an aggregate sum of RM26.74 million in cash through open market.

Just sharing personal info; "NOT a buy, hold or sell" recommendation.

Happy trading and TradeAtYourOwnRisk

@Citadel123:
Posted by swimwithsharkss > Dec 6, 2021 9:31 AM | Report Abuse

Thanks @BLee and @sting79 for the rational comments. I always find it funny that these people had nothing to do but come at AGES daily like its their job. Anyhow AGES is rebounding although market is terrible, good sign, if you ask me.

OOI, where are you, come out promote please
20/01/2022 9:27 AM

BLee: Hi @Citadel123, as my earlier posting of "During ICULS proposal, I have already made comments in one of my articles:
"Caution 2: Due to the AGES ICPS/ICULS close gap and issuing size, the risk of investing could be quite high. Please seek expert advice."
Link: https://klse.i3investor.com/blogs/BLee_AGES/2021-03-08-story-h1542067522-AGES_ICULS_The_30_Billion_of_1sen_bargain.jsp", let me highlight two more points of known facts..
1.The loan taken by previous management needs to be repaid by raising cash by ALL shareholders, major or minority inclusive.
Link: https://www.klsescreener.com/v2/announcements/view/3330305 . Whoever buys after this announcement or earlier should not buy blindly.

2. Reduction of NOSH by consolidation will not dilute the worth of the shares, unlike capital reduction. Let me repost my respond to this issue I have posted in "[FOCUS]: FOCUS DYNAMICS GROUP BHD

Jan 17, 2022 10:56 AM | Report Abuse

@Forumer: Consolidation keeps the company from getting delisted. Consolidation will result in attractive price that may attract institutional investors. Consolidation makes their book-keeping easier.
Consolidation is operationally cost saving.
The drawback of consolidation is..it sends a signal to investors that the company is struggling..hence, they start panic selling causing the price to drop.
17/01/2022 7:42 AM

BLee: @Forumer, very good observation. Maybe some 'newbie' got mixed up with capital reduction vs consolidation, both likely will see reduction in NOSH. The only differences are capital reduction will see NTA reduced proportionally and consolidation is the opposite.

Two half truth posting:
1.Be careful trading penny stocks that has huge NOSH (multi BILLION shares) Trade wisely, set realistic target. 13/01/2022 9:50 AM
2.Trade wisely, set realistic target, avoid being caught at high prices. 13/01/2022 10:55 AM

Question for pondering?

On item 1., what to be careful of and what realistic target when prices have fallen from around 70sen to 4sen? You can see most growth stocks and blue chip stocks having similar billion NOSH, not an issue.

On item 2., is 4sen at a high price? Prices already stay at this level for a very long time and are potentially moving up...

Happy Trading and TradeAtYourOwnRisk"
I apologised for this long posting and acting as "broken record".

@WE IN:
 "BLee: Hi @Citadel123, I have not disappear, now busy averaging down my investment at KGroup, Focus D and Fintec as the prices are lower than AGES as of today. I will cost averaging again (twice already) AGES stocks when the price is right."

DANGEROUS ACT !!!

19/01/2022 4:25 PM

BLee: Hi @WE IN, "钱财身外物" (Money is not an inherent part of the human being), cannot be "DANGEROUS ACT !!!".
I have seen market at worst then now and recovered..and of course some counters never recover. It is just the risk we take, just hoping we get the right one.
Happy trading and TradeAtYourOwnRisk

@Citadel123:
 Posted by swimwithsharkss > Dec 6, 2021 9:31 AM | Report Abuse

Thanks @BLee and @sting79 for the rational comments. I always find it funny that these people had nothing to do but come at AGES daily like its their job. Anyhow AGES is rebounding although market is terrible, good sign, if you ask me.

LAST TIME 0.06 also same story haha, now all these people disappear.

BLee: Hi @Citadel123, I have not disappear, now busy averaging down my investment at KGroup, Focus D and Fintec as the prices are lower than AGES as of today. I will cost averaging again (twice already) AGES stocks when the price is right.

During ICULS proposal, I have already made comments in one of my articles:
"Caution 2: Due to the AGES ICPS/ICULS close gap and issuing size, the risk of investing could be quite high. Please seek expert advise."
Link:  https://klse.i3investor.com/blogs/BLee_AGES/2021-03-08-story-h1542067522-AGES_ICULS_The_30_Billion_of_1sen_bargain.jsp

After cancellation of ICULS and replaced with PP (around 10% discount), now the price is below the 10% discounted price. It is always 'good' to buy below the PP/ESOS/RI prices??

Happy Trading and TradeAtYourOwnRisk.

@Amabillionaire: Consolidation keeps the company from getting delisted. Consolidation will result in attractive price that may attract institutional investors. Consolidation makes their book-keeping easier.
Consolidation is operationally cost saving.
The drawback of consolidation is..it sends a signal to investors that the company is struggling..hence, they start panic selling causing the price to drop.
17/01/2022 7:42 AM

BLee: @Amabillionaire, very good observation. Maybe some 'newbie' got mixed up with capital reduction vs consolidation, both likely will see reduction in NOSH. The only differences are capital reduction will see NTA reduced proportionally and consolidation is the opposite.

Two half truth posting:
1.Be careful trading penny stocks that has huge NOSH (multi BILLION shares) Trade wisely, set realistic target. 13/01/2022 9:50 AM
2.Trade wisely, set realistic target, avoid being caught at high prices. 13/01/2022 10:55 AM

Question for pondering?

On item 1., what to be careful of and what realistic target when prices have fallen from around 70sen to 4sen? You can see most growth stocks and blue chip stocks having similar billion NOSH, not an issue.

On item 2., is 4sen at a high price? Prices already stay at this level for a very long time and are potentially moving up...

Happy Trading and TradeAtYourOwnRisk

@Ding HL Allan: Preference Shares maturing price is set at 11 sen. So if taking pref shares together, their maturity price must also be adjusted to RM1.10 a share if Fintec goes for 1:10 consolidation. Do you think consolidation is still possible?

11/01/2022 10:24 AM

BLee: Hi @Ding HL Allan, I agreed with you that unlikely Fintec will go for consolidation as reduce NOSH will not have any beneficial effects for any future fundraising..??

On conversion/maturity of ICPS, it is not so straigth forward as just multiply by the consolidation ratio as preference shares are just like "prepaid", Fintec-PA carrying a value of 8sen and needs another 3sen to convert to 1 mother share. Upon maturity, 11 Fintec-PA will auto convert to 8 mother shares. Any changes by any exercises, below link show a very complicated formula for the adjustment..

https://klse.i3investor.com/blogs/BLee_AGES/2021-07-16-story-h1568014371-ICPS_My_investment_stretagy.jsp

Happy trading and TradeAtYourOwnRisk

Back to basic, just today as at now at 100% gain from 1sen to 2sen. What will be today closing with so much volume? Interesting to watch. Not a buy, hold or sell recommendation, Trade At Your Own Risk..

@sunsetbiz, you are correct. The worth of Fintec is mainly from unlimited PP

@whistlebower99:
 FOR NEWBIES

Two penny stocks currently on shares consolidation list

1. KANGER INTERNATIONAL BERHAD
2. METRONIC GLOBAL BERHAD

BLee: Hi @whistlebower99, I think you posted in the wrong forum as both companies have nothing related to Fintec to my knowledge..

- Fintec did not announce any share consolidation. Anyway, share consolidation will not dilute any NTA as reduce in NOSH will increase in NTA proportionally..no issue.

- Fintec and some invested counters such as NETX at present on an uptrend and on the growth path; don't see the reason for consolidation..
Fintec price 52W low of 0.5sen vs this morning trading (top volume) of around 1.5sen, around 200% increase.
NETX price 52W low of 7sen vs this morning trading of around 15.5sen, around 121% increase.

Happy trading and TradeAtYourOwnRisk

Correction/updating: Komark price 52W low of 8sen vs this morning trading around 16.5sen, around 100% increase.
Happy Trading and TradeAtYourOwnRisk

@whistlebower99:
 FOR NEWBIES

Two penny stocks currently on shares consolidation list

1. KANGER INTERNATIONAL BERHAD
2. METRONIC GLOBAL BERHAD

BLee: Hi @whistlebower99, I think you posted in the wrong forum as both companies have nothing related to KGroup to my knowledge..

- KGroup did not announce any share consolidation. Anyway, share consolidation will not dilute NTA as reduction in NOSH will increase in NTA proportionally..no issue.

- KGroup and some invested counters such as Komark at present on an uptrend and on the growth path; don't see the reason for consolidation..
KGroup price 52W low of 1sen vs this morning trading of around 2sen, around 100% increase.
Komark price 52W low of 8sen vs this morning trading of around 13sen, around 62.5% increase.

Happy trading and TradeAtYourOwnRisk

Naik2 Turun2, naik2 lebih dari turun2, baru omph..

Harap2 ada harapan naik lagi pasal ada harapan..

@richman: selling 1.5 like no tomorrow unless syndicate buy to goreng kaw kaw

05/01/2022 11:06 AM

BLee: Hi @richman, qty of selling and buying always match. As of now, buying queue at 1.5sen still above 50%, meaning more willing buyer than seller..that's how I see it. Today KGroup trades quite erratic as buying and selling traded in big waves, interesting to see how the next few days trade.

TradeAtYourOwnRisk, no BUY, HOLD or SELL recommendation.

@Citadel12: hahaha so many naïve water fish

05/01/2022 11:04 AM

BLee: Hi @Citadel12, naïve or otherwise, just got extra $ to gamble/invest. Nowadays, 1sen on the floor also nobody pick up, better use to buy 'toilet paper', anytime can turn into 1 roll. See how the toilet rolls flew out the shelf during starting of pandemic?? Just joking to lighten up our day..calculated risk?
Happy trading and TradeAtYourOwnRisk

KGroup finally moved out of 1.5sen standing firmly at 2sen. So Today is KGroup turn to bounce up. 2022 will be medical and 5G/cloud storage play?? KGroup in both with Komark and TREEMED SDN BHD in medical, and XOX/XOXNET in 5G/cloud storage..
Happy trading and TradeAtYourOwnRisk

Hi stockraider, now everything go hybrid, day time power generation stored by very efficient battery system..for night time use.

Leave politics aside, ESG is for Now and our future generation.

In theory, energy input equals output plus losses. If the optimum is already 9500 BTU/kWH, it will only get worse with equipment aging due to efficiency losses. More pollution will be created with less efficient equipment.

Taking the Taxi as an example, 1 month might not see aging of the Taxi and congestion on the road. What happens after 5, 10 or 25 years later? It will get worse, action shall be taken as soon as possible. Go Green as soon as possible.

JAKS made the right move to go into green energy, instead of relying on coal power plants. Whoever follows Glasgow COP26 will know how green energy will be produced at a lower cost and more efficient in the near future compared with coal power plants. Many countries have already taken the decision of not building new coal power plants, retiring or converting existing coal power plants to other energy feedstock..

Happy trading.

KGroup invested counters Komark and XOXNET started bouncing up, KGroup turn soon??
Happy trading and TradeAtYourOwnRisk

Latest announcement of KGroup investment in KOMARK:

"The Board of Directors of KAG wishes to announce that the Company had from the period between 12 August 2021 to 31 December 2021 acquired from the open market an additional 75,504,900 ordinary shares of Komarkcorp Berhad (“KOMARK”), representing 13.08% of the total issued and paid up share capital of KOMARK, for a total purchase consideration of approximately
RM8,281,060 (“Investment”)."

Average cost for the period:
RM8281060 ÷ 75504900 = RM0.1096757958

Presume Overall 12 months average cost:
RM17836564 ÷ 103105700 = RM0.1729929965

Question: Keep accumulation and cost averaging, is this a sign of 'goreng'/speculate?

"10. INTEREST OF THE DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS
CONNECTED WITH THEM
Save as disclosed below, none of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect, in the Investment :
(a) Common directorships of Mr Roy Ho Yew Kee in KAG and KOMARK, and his
shareholdings of 224,900,000 ordinary shares (7.34%) in KAG and 1,000,000 ordinary shares (0.17%) in KOMARK"

Question: Will the major Shareholder and Director holding 7.34% benefit if the price falls to 0.5sen?

Source: https://www.klsescreener.com/v2/announcements/view/3484283

Happy trading and TradeAtYourRisk

@whistlebower99: Mitsubishi UFJ Financial Group, Inc ("MUFG") is deemed interested in the shares of Focus Dynamics Group Berhad held by Morgan Stanley Group by virtue of MUFG's holding more than 20% interest in shares of Morgan Stanley Group.

Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 355,805,838
Indirect/deemed interest (%) 5.584
Date of notice 30 Dec 2021

=================================
Can't find the announcement showing name of nominee account with morgan stanley, which actually did the transaction

Used to be CREDIT SUISSE GROUP AG, now using another big name to lure newcomers into the game ?

================================
Operators getting smarter to use big name to lure newcomers into the game?

No announcement showing the name of nominee account which actually did the transaction

Same happens to FOCUS, LAMBO and MTOUCHE

TAYOR

BLee: Hi @whistlebower99, I also can't figure out 'kon' or 'no kon'? I only can deduce the total accumulation are under nominees account crossing the 5% announcement requirement. Will it hold for long term investment as in Fintec case or speculation? It is still shown as positive price confidence on the upside..
Happy trading and TradeAtYourOwnRisk

Did Focus D require PP and ESOS to raise fund as Focus D still eligible as per latest mandate for 2022?

Below are details of funds raised during and ICPS conversion.

ICPS proposal link:
https://www.klsescreener.com/v2/announcements/view/3272383

$ raised during ICPS issuance:2,044,266,042 x 0.055 = RM112,434,632.31

$ raised during "windfall" ICPS conversion:
RM63,342,353

Total ICPS conversion as at 24 May 2021: RM131,662,996

My assume calculation link:
https://klse.i3investor.com/blogs/BLee_AGES/2021-07-03-story-h1567802175-Focus_PA_Where_is_the_money.jsp

Total $ raised as at 24 May 2021:
RM 244,097,628.31

Just my $data for sharing, Happy Trading and TradeAtYourOwnRisk

@whistlebower99: They can't do 20% but can still continue to do 10% to Private Placement

Is that not right ?

They can still issue shares to ESOS.

Is that not right ?

BLee: If without mandate, I presume needs Shareholders approval in AGM/EGM for any proposal which can take months for approval. Like KNM case, the trend of online voting which more shareholders can join, any unjust proposal can be defeated. Just my 2sen for discussion...
Note: Can see very high volume of trading for some counters KGroup invested in, something brewing?

Happy trading and TradeAtYourOwnRisk.

@whistlebower99: Directors continue to utilize company to invest /speculate on other penny stock
Will there be more fund raising activities via shares issuance?

BLee: Hi @whistlebower99, due to new regulation of any counters which did PP fundraising in 2020 and 2021, will NOT be eligible to do any more fundraising in 2022.

Link: https://www.thestar.com.my/business/business-news/2021/12/23/bursa-extends-validity-period-of-20-general-mandate-to-dec-31-2022

"The 20% general mandate previously announced on April 16, 2020 will be extended for another 12 months for listed issuers that have not raised any funds using the 20% Mandate in 2020 or 2021."
i.e. only counters not raised any funds are eligible. Since KGroup did raise funds through PP, it is no longer eligible..

Happy trading and TradeAtYourOwnRisk

@JKPTR: 2021 is a painful year for victims of FINTEC related companies.
2022 will be worse as more shares ,billions will be printed,based on BURSA announcement.

Next 12 months, FINTEC may print at small production cost , of up to 6 billions new shares.

BLee: Hi @JKPTR, maybe you have missed reading the following "listed issuers that have not raised any funds using the 20% Mandate in 2020 or 2021", meaning NOT qualified and CANNOT raise funds for the whole 2022 if raised earlier. So no more "kon" for 1 full year, that is the other half truth.
Link: https://www.thestar.com.my/business/business-news/2021/12/23/bursa-extends-validity-period-of-20-general-mandate-to-dec-31-2022

Happy trading and TradeAtYourOwnRisk

@stockraider: A classic case of kon holland penny stocks cover buy fintec spy 2511, be very careful of this konmen loh!

BLee: Hi @stockraider, hope you have a fruitful trading week ahead. The coming week might be a turn around for most of this 'kon' stock as 2022 will be a new ball games as exercises of PP and ESOS might not be that easy to be approved and limit to 10% of NOSH.

For the 2 sides of a coin, although I only indirectly hold all the below mentioned counters through my holding of Fintec, Focus D and KGroup; very much like to add the sweetener of warrants data to @whistlebower99 effort on preparing the list.

Posted by whistlebower99 > Dec 23, 2021 3:59 PM | Report Abuse

FOR NEWBIES

SOME PENNY STOCKS THAT HAD RIGHTS ISSUE IN 2021

1. FAST
Ex-Date 17 Nov 2021
RI price = 12
Current price = 8.5
Warrant ratio = 1:1, 2 for 1
Warrant equal price = 2×(1÷2)= 1
Total = 8.5 + 1 = 9.5

2. PERMAJU
Ex-Date 03 Nov 2021
RI price = 7
Current price = 4
Warrant ratio = NA
Warrant equal price = NA
Total = NA

3. PDZ
Ex-Date 30 Sep 2021
RI price = 14
Current price = 4
Warrant ratio = 1:1, 6 for 2
Warrant equal price = 1.5×(2÷6)= 0.5
Total = 4 + 0.5= 4.5

4. TWL (TIGER)
Ex-Date 08 Sep 2021
RI price = 4
Current price = 5
Warrant ratio = 1:1, 3 for 3
Warrant equal price = 1.5
Total = 5+1.5= 6.5

5. KANGER
Ex-Date 27 Aug 2021
RI price = 6
Current price = 2
Warrant ratio = 1:1, 1 for 1
Warrant equal price = 0.5
Total = 2+0.5= 2.5

6. LAMBO
Ex-Date 11 Aug 2021
RI price = 10
Current price = 5
Warrant ratio = 1:1, 5 for 2
Warrant equal price = 2x(2÷5)= 0.8
Total =5+0.8= 5.8

7. BCM
Ex-Date 23 Jul 2021
RI price = 8
Current price = 2.5
Warrant ratio = 1:1, 4 for 5
Warrant equal price = 1×(5÷4)= 1.25
Total =2.5+1.25=3.75

8. AEM
Ex-Date 19 Jul 2021
RI price = 5
Current price = 3
Warrant ratio = 1:1, 4 for 3
Warrant equal price = 1x(3÷4)= 0.75
Total = 3+0.75= 3.75

9. Pasukgb
Ex-Date 21 Jun 2021
RI price = 10
Current price = 2
Warrant ratio = 1:1, 12 for 7
Warrant equal price = 1x(7÷12)= 0.583
Total = 2+0.583= 2.583

10. SAUDEE
Ex-Date 20 May 2021
RI price = 15
Current price = 5.5
Warrant ratio = 1:1, 2 for 1
Warrant equal price = 2×(1÷2)= 1
Total = 5.5+1= 6.5

Note: In the list, only TWL is in the positive region. Please correct me on the warrant calculation if I make a mistake, especially for newbies information.

Happy Trading and TradeAtYourOwnRisk