@whistlebower99: KGROUP
Total issued shares = 2,554,309,534
WC = 982,103,848

Will KGROUP directors issue more shares to raise more fund to buy more penny stocks ?

Maybe should do share buy-back to boost current share price (0.03)

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

TAYOR

28/09/2021 12:10 PM

BLee: Hi @whistlebower99, which is which? Issue more shares and share buy-back is exactly opposite.. I have written an article on 'Rich penny stocks acquiring beat down penny stocks' taking KGroup as one of the example. If I am not too busy, I might do more coverage on KGroup recent AR (non-accountant view, only very basic double entry and balance sheet knowledge). Have a very good trading days ahead and TradeAtYourOwnRisk.

Hi @whistlebower99, this will be the final tranche, it will be no more discounted PP issuance in the near future. Only problem will be at least one quarter most likely few hundreds million 'paper loss' due to the Focus D investment retreated from around 65sen to today of 5.5sen still not accounted in any QR.

What an interesting yo-yo show today!! Finally will it up or down on the pendulum?

Please see my link on all the PP issuance record:
https://klse.i3investor.com/blogs/BLee_Fintec/2021-09-25-story-h1571731611-Fintec_Private_Placement.jsp

Happy trading and TradeAtYourOwnRisk.
27/09/2021 8:39 PM

@Musang King: Good write up and Good diligence work done. I am accumulating Fintec shares already. Thanks for your advice, BL Lee. Excellent.

27/09/2021 2:53 PM

BLee: Thanks @Musang King for your comments, I have updated my article to reflect the latest announcement of the final PP tranche. I hope no more reason for any 'discount issuance'.
Happy Trading and TradeAtYourOwnRisk.

Hi @Tobby, have you got your full vaccination? Please see details in link if still not complete dose. AZ likes all vaccine good, the gap of 12 weeks to 9 weeks, now proposed 6 weeks..
https://www.nst.com.my/news/nation/2021/09/730827/delta-makes-cutting-az-dosing-gap-necessary-says-expert

@ahbah, good. I did play-play also, hoping PP investors will need to pay more for 5 day trading average price for the next tranche. There is no point of bringing the price down benefitting PP investors unless.....!! Happy trading and TradeAtYourOwnRisk

Below details are partly extracted from Fintec announcement to Bursa (klsescreener); please check accuracy from Bursa/klsescreener website.

'Raping' purpose: Details as in link, NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/3415001

This is the 'raping' condition:

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 27 August 2021, approved the listing and quotation of up to 855,132,900 Placement Shares to be issued pursuant to the Private Placement subject to the following conditions:-

(i)         Fintec and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;

(ii)         Fintec and Mercury Securities to inform Bursa Securities upon the completion of the Private Placement; and

(iii)        Fintec to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed.

'Raping' occasion:

Private Placement of up to 20% of the total number of issued shares of the Company:

1) 21 Sep 2021: 260,000,000 at (MYR)   0.0225

2) 21 Sep 2021: 40,000,000 at (MYR)   0.0225

3) 17 Sep 2021: 200,000,000 at (MYR)   0.0215

4) 08 Sep 2021: 100,000,000 at (MYR)   0.0199

5) The 'raping' will stop once the balance of 255,132,900 shares issued.

My opinion is NOT to lower the trading price so that the PP issuing price based on 5-market day VWAP will NOT be lower for each tranche.

Happy trading and TradeAtYourOwnRisk. No offence intended to any Forumers as I feel ALL are my Forum friend. TQ

Disclaimer: Not a buy, sell or hold call. Any Gain or loses shall be by reader own action. If feel offended by the borrow word 'raping', I apologise in advance..

@Dr Y.Raj, good statement. With 2sen worth, downside limited. Shares consolidation does not mean cancellation of capitals. Only big problem with PP, each trench issuance with roughly 10% discount of 5 days weighted average price, will dilute NTA. On the bright side, interest free cash injection will improve company cash flow. End of the year not that far off, all this PP (so call 'raping') completed, more 'child' will be 'born'. Happy trading and TradeAtYourOwnRisk.

@gghaha: wait 0.005-0.01 then consol and further drop only play again pa...:)
21/09/2021 3:44 PM

BLee: Good suggestion, no hurry to buy or sell for PA..Happy trading

Each Fintec-PA worth 8sen; if got 1:50 conso plan, the 8sen won't change as long not converted into mother shares. PA (preference shares) treats differently from mother shares as the 2 methods of conversion will be adjusted accordingly to pre-set formula for the changes. Happy Trading and consult the issuing house before trade..

@whistlebower99:
Total issued shares = 4,975,664,574 hitting 5 BILLION SHARES soon.

PA = 254,308,135
WA = 170,092,838
WB = 116,443,428
WC = 1,146,126,828

Warrants as good as garbage.

================================
Trade wisely, beware of potential shares consolidation exercise

21/09/2021 10:30 AM

BLee: Hi @whistlebower99,
PA  conversion = 11sen or 11:8
WA conversion = 19sen
WB conversion = 10sen
WC conversion =   8sen
WA, WB and WC conversion NOT likely due to out of money; only problem will be PP and ESOS as per your warning on trading risk. Only 11PAs convert to 8 mother shares still possible, i.e. 254,308,135÷11×8= number of mother shares. PA anti-dilution, so no problem on any type of RI..
Agreed, warrants as good as 'garbage'. Not for PA as the 11:8 conversion still doable. My promotion link if you are interested:  https://klse.i3investor.com/blogs/BLee_AGES/2021-09-12-story-h1571499077-Focus_PA_and_Fintec_PA_Negative_ICPS.jsp

Happy trading and TradeAtYourOwnRisk.

@swimwithsharkss > Sep 17, 2021 12:52 AM | Report Abuse 

Hello folks :) Just finished vaccination today, even greater price to collect AGES now!

BLee: Good Morning @swimwithsharkss and folks, you must be quite young to just finished vaccination. Young and energetic!!
On the topic of last Wednesday sudden 'waterfall' seller at around 8sen, hope it is one off as the fundamentals still intact. The only reason could be the proposed ICULS issuance no more tenable with price stay below 10sen (the conversion price) and the subscription price changed from 1sen to 2.5sen. Some weak holders might just sell hoping to raise cash and hoping to drive the price down to buy back later; and also a spanner in the ICULS issuance. Just my 2 cents of opinion.
Happy trading and TradeAtYourOwnRisk.

Updated comments in write-up: "AGES mother shares and AGES-PA drifted close to 8 sen and 1.5 sen recently; hopefully will be traded fairly with this new proposal. On 15 Sept. 2021, major selling at 8sen; what next? Is it due to the proposed ICULS revised issuance?" Happy trading and TradeAtYourOwnRisk.

@investor2021trading, the first share split was successful. Focus D is 'cash rich' bcos of ICPS issuance and the rushing 'blessing in disguise' of conversion during price drops; many conversion using 1 ICPS plus 49.5sen cash. Only the second share split rejected due to after split, the price will be less than requirement of RM0.20. Usually not logical to has a consolidation after a split; I don't know what will be the next issuance...especially Fintec owning more than 30%. Happy trading.

Bro @KLLee_0110, I think not RM2.69 straight to RM0.06. RM2.69 split by 3 to around RM0.90, shareholders will get 3 times shares. If RM0.06 will worth around RM0.18; that is still 'bad' enough!!
@investor2021trading, hopefully time will heal. All the best to us..Happy trading and TradeAtYourOwnRisk.

@Go Jon, I am NOT a fortune teller, unlike some Forumer which put up ALL the negative scenario of consolidation of 50 to 1, etc and prices retreated back to few sen. Of course that is the risk we take, TradeAtYourOwnRisk. In your case, good to hear that you managed to collect 2 million Focus-PA since the 1 sen buying queue has increased significantly. All the best for you and to myself. Hope everyone don't get influenced by my write-up, please do own due diligence.

Happy trading

Hi @Go Jon, just joking..how can my "hard work" moved the share price? Just riding on the co-incident. Last Friday before market closes, strong selling reversed the trend. I have updated a link in my write-up from malay mail for everyone ponder. The link:
https://www.malaymail.com/news/malaysia/2021/09/11/tengku-zafrul-foreign-capital-inflows-signal-malaysias-brightening-prospect/2004751
This newspaper report might tell the market direction for the next quarter.

Happy trading

@Sales, you are right, the RM720mil could be just 'paper profit' from investment gain at the reporting date. No cash until monetize, how to give dividend? Con or no con, another story. TradeAtYourOwnRisk.
Happy trading

KKLing: BLee Could you kindly share why you prefer Focus-PA instead of mother share. TQ
11/09/2021 3:45 PM

BLee: Hi @KKLing, the answer is in one of my write-up, link: https://klse.i3investor.com/blogs/BLee_AGES/2021-07-16-story-h1568014371-ICPS_My_investment_stretagy.jsp

In summaries:
1) Low investment, lower risk. At issuance cost 5.5 sen, we are paying at present around 1 sen. The risk of people subscribing at 5.5 sen to sell at 1 sen is much lower.

2) Will mature (auto-convert) and NOT expire like warrants investment. I can't stand losing it all. Just like buying insurance, I will prefer buying an endowment policy which upon maturity will give me back something in return.

3) 2 methods of conversion. The example given shows how the mother shares dropped to a certain level which triggered the change of methods of conversion. Holding mother shares will not have this advantage.

4) Anti-dilution. We cannot dilute the subscription cash if it is not converted. Any PP, ESOS, RI, etc will not dilute the ICPS as shown in the adjustment formula in my write-up.

I can only think of these few reasons. Maybe some experts can comment and add more.

If the ICPS and mother shares are almost at the same price, it is another story. Example: Fintec and Fintec-PA, both selling at a low of around 2 sen, I will go for the mother share.

Happy trading.

@investor2021trading, yeah. I think you have not read my almost daily coverage of Foreign Funds and the last 10 trading days collection of Focus D update..self promotion?? link: https://klse.i3investor.com/blogs/BLee_AGES/2021-09-05-story-h1570726405-Focus_Dynamic_last_7_days_collection.jsp

Happy trading

@investor2021trading, I am at the same page with you; positive QRs and also cash rich...Focus D. Happy trading

@Shootup, good. You defend your 'Goal post' at NETX and I defend mine at Focus D. I have nothing against @whistlebower and @Gtrade, they can write whatever they want. I will give them the benefit of doubt without solid prove..Happy trading

Interesting read at: https://www.theedgemarkets.com/article/fintec-global-and-associates-buy-stakes-other-listed-companies
All the funds raising and ballooning of shares explained??
Happy trading

Interesting read at: https://www.theedgemarkets.com/article/fintec-global-and-associates-buy-stakes-other-listed-companies
All the funds raising and ballooning of shares explained??
Happy trading

@Elitetrader, good comments. No matters how tiny, hope against hope after jump into calculated investment. My motto is never buy at 'Everest' and never sell at 'Deep blue ocean'. Happy trading

My investment in Fintec and Focus-PA getting 'paper gain' now, many thanks to some i3 forumer in highlighting the 'risk' to newbie..selling at 'low' price to me. Happy trading and TradeAtYourOwnRisk.

@Gtrade, the pumping needs to reach 60 sen and split 1/3 to requirement of at least 20 sen in order NOT to reject again. I will be happy if it happen for price to reach 60 sen.

Happy trading

@Gtrade, Ah Moi dah lepas. Berita lama..dah di tolak.

Please view announcement at: https://www.klsescreener.com/v2/announcements/view/3404681
"We refer to the earlier announcement in relation to the Proposed Share Split dated 4 January 2021.

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 5 August 2021, rejected the Proposed Share Split, in view that the price of Focus Shares as at 29 July 2021 is RM0.045 and the Proposed Share Split, if approved and implemented, would result in an adjusted price of RM0.015 post Proposed Share Split.



This announcement is dated 5 August 2021.

Happy trading

@JoyReyzal: ada potensi tak saham company nie....

10/09/2021 8:10 AM

BLee: Salam @JoyReyzal, BM saya dah karat, kalau ada apa kesalahan, minta maaf.

Potensi nya dah naik dari masa pemegang majoriti mula kumpul dari 23 Aug. 2021 hingga 6 Sept. 2021, dah naik lebih kurang 50%. Kalau berbanding dengan harga sebelum jatuh, iaitu lebih kurang 60 sen dengan harga sekarang 6 sen; baru 10%. Apa potensi naik lagi 50% atau lebih??
Dulu tu jatuh bukan rugi atau tiada duit dalam akaun. Jatuh dulu tu pasal pemegang saham luar negara keluar dari pasaran..

Perniagaan Focus D utamanya makanan, kePerluan kita seharian. Bisnes nya kebanyakan guna atas talian semasa MCO. KeUntungan dah 6Q turut-turut. Kewangan tunai nya kebanyakan dari tukaran dari ICPS pada bila masa kejatuhan dulu; tukaran pakai 1 ICPS tambah tunai 49.5 sen. Semua data ini dari laporan tahunan terkini, boleh di baca di laman web: Annual Report & CG Report - 2020 | https://www.klsescreener.com/v2/announcements/view/3369745
dan laporan tulisan saya dekat:
 https://klse.i3investor.com/blogs/BLee_AGES/2021-09-05-story-h1570726405-Focus_Dynamic_last_7_days_collection.jsp
(tulisan saya untuk guna otak supaya tak berkarat sambil cari sedikit keuntungan..haha)

Gembira dagangan (Happy trading) dan TradeAtYourOwnRisk.

Strong mother carrying daughter to higher level. Long time no paper 'gain'..all my 'hard work' of periodic updating Focus D changes in shareholdings and daily trading at Focus D forum seems paying off?? TAYOR
Happy trading

@dragonz98, good posting. As I mention somewhere, Focus D is 'cash rich'; your posting confirmed cash position of RM126.08M and Debt to cash of 'Zero' whatever it means...cash is 'king'. Happy trading

@Goodprofit: fake volume to release private replacement at 1.99 sen

08/09/2021 10:30 AM

BLee: Most probably. PP tranche of 100M/100 equal 1M lots. Today after 3 hours trade almost 3M lots at 2.5 sen..so non-issue??

Happy trading

@Sales, @RJ87, I like that too..if it happen. Happy trading.

@Sales: BLee, our cost is RM0.10sen, when we bought that time their profit is 720 million. We all kena gaw gaw.

07/09/2021 3:18 PM

BLee: Hi Sales, Someone started the acronym T.A.Y.O.R, I can only advised to escape at the purchased high price is to do cost averaging if you have the extra cash and think at 2.5sen is a good bargain.

As in the replied by Fintec to one of the media article, (link attached:
 https://www.klsescreener.com/v2/announcements/view/3347657 )
"The Company’s principal activity is in investment of both quoted and unquoted securities" explained the risk depend on market condition. The high profit could be because of 'bull market'. During 'bear market', it will be in the red. So IMHO, it is best to cost averaging during 'bear market'.

Happy trading.

Hi @whistlebower99, Fintec at 2.5sen investing in 'cash rich' (from ICPS conversion) Focus D, the risk at Fintec or Focus D? Both now at beat down price, it could be just a bargain as seen from the 'gain' of around 50% since Fintec collection more than a week ago. (4sen at 23 Aug. 2021 to this morning highest 6sen)

Happy trading.

@dragonz98, good work on the Ownership Breakdown data. Due to the last 7 days collection by Fintec Global, the Public Companies Ownership has increased to 29.724%, 1,894,098,476 shares.

Foreign funds continued as net buyer? Last Friday (3 Sept., 2021) trading status:-

Participation   (%)   Bought (RM m)   Sold (RM m)   Net (RM m)
Institutions    46.26          1,247               1,420            -173
Retail               35.51         1,035               1,011                24
Foreign            18.23           600                   451             149
Total               100.0          2,882               2,882                  0

Table No.1: The 3 categories of investors participation details.


Good days patiently waiting for Focus D? Half-day morning down half sen at 5sen. (Due to last Friday 5.5sen push up at closing, today same pattern??)

Change of holdings:
 1) Date: 23 Aug. 2021,  2,759,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

 2) Date: 24 Aug. 2021,  52,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

3) Date: 25 Aug. 2021,  93,500,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

4) Date: 26 Aug. 2021,  12,500,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

5) Date: 27 Aug. 2021,  30,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

6) Date: 30 Aug. 2021,  10,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

7) Date: 1 Sept. 2021,  24,142,400 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

Fintec Global Limited holding of Focus D as at 1st Sept. 2021:-
Indirect/deemed interest (%): 29.724
Total no of securities after change: 1,894,098,476

Total: 224,901,400 Shares collected within 7 days, more collection later?? Major collection, most probably patiently at 5 sen only!! Once it exceed 33%, chances of a general offer for all shareholders??
Total collected/Total traded over last 7 days:
 224,901,400/439,430,900 = 51.2%
- increase in gain: (5-4)/4 = 25%
Source of data: klse screener and various website.

Details of write-up at:
 https://klse.i3investor.com/blogs/BLee_AGES/2021-09-05-story-h1570726405-Focus_Dynamic_last_7_days_collection.jsp
I will periodically update the details at my write-up rather at this forum to avoid any unwelcome feelings.


Caution: I am only highlighting the positive side, please perform your own due diligence on the negative side.

Happy Trading.

Please check this out:
https://www.malaymail.com/news/singapore/2021/09/05/singapore-health-ministry-invites-offers-sinovac-alternative-to-7100-people/2003203
Sinovac stand in where Pfizer and Moderna can't be offer as 2nd dose..I am proud to be fully vaccinated with Sinovac.

Foreign funds continued barely as net buyer? Yesterday (2 Sept., 2021) trading status:-

Participation   (%)   Bought (RM m)   Sold (RM m)   Net (RM m)
Institutions    44.3         1,180.5               1,272.2           -91.7
Retail               34.4           994.1                   909.2            84.9
Foreign            21.3           593.5                   586.7              6.8
Total              100.0        2,768.1                2,768.1               0.0

Good days patiently waiting for Focus D? Half morning down half sen at 5sen. (Due to yesterday 5.5sen push up at closing, today same pattern??)

Change of holdings:
 1) Date: 23 Aug 2021, 2,759,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

 2) Date: 24 Aug 2021, 52,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

3) Date: 25 Aug 2021, 93,500,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

4) Date: 26 Aug 2021, 12,500,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

5) Date: 27 Aug 2021, 30,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

Total: 190,759,000 Shares collected within 5 days, more collection later?? Major collection, most probably patiently at 5 sen only!!

Happy Trading.

@solomolo, at least Fintec Global holding the fort at 5 sen...

@Gtrade, for Focus D is the other way. Focus D market price before 1 split to 3 around RM2.60; after split around 90sen. The further split was rejected due to foreign exit caused price down to 5sen now. Any after split price must be above 20sen. Your suggested scenario did NOT happen to Focus D; no 'gang-rape' at the moment..No PP/ESOS/...only ICPS at 5.5sen now selling around 1sen bargain price. The money still very much intact due to MCO construction stoppage.
Happy trading

@whistlebower99, Tq for the good intention of highlighting. Yes on trade wisely, but around 2 to 2.5sen NOT consider high price comparing of all this Fat babies averaging 6.8sen subscription price.

Happy trading

Foreign funds continued as net buyer amid reduced from yesterday. Yesterday (1 Sept., 2021) trading status:-

Participation   (%)   Bought (RM m)   Sold (RM m)   Net (RM m)
Institutions     44.5           1,446.8               1,568.1           -121.4
Retail                31.0           1,052.6               1,047.9                 4.7
Foreign             24.6              891.5                  774.8             116.7
Total               100.0           3,390.8                3,390.8                0.0

Good days are coming for Focus D? Half morning strong buy at 5sen. A good tussle between 5 and 5.5sen near noon closing.

Happy Trading.

@MZM2511, just take the bull by the horns, give them the benefit of doubt on the wrong info. I have highlighted one of the wrong info by @Gtrade in Focus D forum, just to give them a friendly correction.

I see the issuing of shares at 5 sen when market trading at 3 sen seems advantageous to the company and shareholders. Usually all these new shares come with a moratorium not being able to sell for a certain period. Of course, there are many instances of 'jack-up prices' in exchange for cash and shares. As a minority investor, our avenue to show our disapproval for all this PP/ESOS/etc will be at this i3 forum.


Happy trading

@AyamGoreng: PP 1.99 sen punya lori sudah sampai!
Besok tuang kasih dia 2 sen…. Kikikiki
01/09/2021 6:58 PM

BLee: Hi @AyamGoreng, hari ini lori sangkut pasal permit kena tunggu 6 bulan baru bolih tuang 55%.
("3.19 Moratorium on promoter’s shares
(1) A moratorium will be imposed on the Sale, transfer or assignment of shares held by promoters of an applicant as follows:
(a) The moratorium applies to the entire shareholdings of the promoters of an applicant for a period of 6 months from the date of admission to the Exchange.
(b) Upon the expiry of the 6-month period stated above, the listed corporation must ensure that the promoters’ aggregate shareholdings amounting to at least 45% of the nominal issued and paid-up ordinary share capital of the listed corporation remain under moratorium, for another period of 6 months"... banyak condition lagi) Itu condition ambil dari Bursa website, tak tau ada laku untuk kes ni!!

Yang dulu dah banyak terbit, bolih lah tuang lepas 6 bulan. Tapi purata harga nya tinggi, tak berbaloi.

Happy trading

@Gtrade: BLEE, FOCUS issued share is 6.7b now @4.5c. Got profit please take money

BLee: Noted.

@Gtrade: I think 51% chance will print another few billions shares to rape the price to 2c. followed by 50 to 1 to make issued share drop to below 1b.

BLee: I only invest in Focus-PA which is anti-dilution ('anti-rape'). Any 'rape' will be compensated. Please see link of example of compensated 'rape':
 https://klse.i3investor.com/blogs/BLee_AGES/2021-07-16-story-h1568014371-ICPS_My_investment_stretagy.jsp

@Gtrade: After 50 to 1, theoretical ex-price may be say 100c, but on the opening day, it may straight away plunge to 70c and drop all the the way to 7c after continuous gang rape again...PP/ESOS/RI .

BLee: So far no PP/ESOS this year, which is unfair for any counter shareholders as not offered. RI is NOT consider 'rape' as offered to join in the 'rape'.

@Gtrade: so if you holding now at 5c,50lots and go through the gang-rape, 5cx50lots=2.50 . This is your cost per lot. but the 50 to 1 happen maybe 3 months from now at 2c possibly ..so ex-price is 100c

BLee: The 'legal rape' will expire by end 2021. (special arrangement due to pandemic) Most likely run out of time for Focus D.

@Gtrade: It wont reach your 2.50 cost
As stated earlier ,after ex,trading will start at suppressed price of 70c...dropping all the way to 7c ,maybe. so your original cost of 2.50 now only worth 7c. ...97% wipe out !!!!!!!

That is why you should get out of FOCUS at 5c ,if you can.

This is not an imagination.It has happen to a few Fintec group of companies

01/09/2021 10:49 PM

BLee: Please refer my link below how this 'Pump n Dump' happen and when the best time to invest.
 https://klse.i3investor.com/blogs/BLee_AGES/2021-08-21-story-h1569861506-Focus_PA_Is_it_a_con_stock.jsp

Happy trading

@Gtrade: On July 9th,Mak Siew Wei announced to Bursa he holding 413,645,666 shares in AT
On Aug 5th,he announced holding ZERO shares, No selling of AT shares done in between thse 2 dates. Where has the 413m shares gone to? Did Mak Siew Wei give a misleading statement to induce public to buy AT shares during RI/PP/ESOS related activity?

01/09/2021 10:21 AM

BLee: Hi @Gtrade, I consider you and all i3 members as friend, you are welcome to post here!! I am not defending anybody as I am not paid to do so. I am just defending my investment in Focus-PA. Below is my observation related to your post:-

Date of  change: 04/08/2021
No of securities : 0 (that mean 0 changes, not held)
Circumstances by reason of which change has occurred: Unexercised options pursuant to Employees Share Option Scheme (ESOS) lapsed on 4 August 2021

Remarks :
1. No change in the number of securities held by the Mr. Mak Siew Wei.
2. The balance of ESOS option is Nil.

The above announcement clearly indicate 'No change' except lapse of ESOS..

Happy trading

Foreign funds continued as net buyer (RM513.6M, considered on the high side?). Last Monday (30 Aug., 2021) trading status:-

Participation   (%)   Bought (RM m)   Sold (RM m)   Net (RM m)
Institutions     39.1           1,190.2               1,675.8           -485.7
Retail                26.1             942.1                   970.1             -28.0
Foreign             34.8          1,532.8               1,019.2             513.6
Total               100.0          3,665.2                3,665.2                0.0

Good days turn a bit bearish for Focus D? Half morning down half sen at 4.5sen. Market taking a breather??

Happy Trading.

Foreign funds continued as net buyer? Last Friday (27 Aug., 2021) trading status:-

Participation   (%)   Bought (RM m)   Sold (RM m)   Net (RM m)
Institutions    46.6         1,260.3               1,500.1           -239.8
Retail               31.5           925.0                   941.8             -16.9
Foreign            21.8          774.9                   518.2             256.7
Total              100.0       2,960.2                2,960.2                  0.0

Good days coming for Focus D? Half morning no change at 5sen.

Change of holdings:
 1) Date: 23 Aug 2021, 2,759,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

 2) Date: 24 Aug 2021, 52,000,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

3) Date: 25 Aug 2021, 93,500,000 shares Acquired, Indirect Interest, Name of registered holder: Fintec Global Limited

Total:  148,259,000 Shares collected within 3 days, more collection later??

Happy Trading.

@stockraider: Konman stock, just avoid loh!

29/08/2021 1:04 PM

BLee: Hi @stockraider (insas comrade), a good day to you. I won't mind 'burn' few k 'profit' of Insas recent flips into Fintec as this few k will get me few hundreds thousand shares. It is a calculated 'gamble'; con or non-con stock..
Happy trading

@JK22: Probably this could be same trick use for all those ESOS penny stock. Before the ESOS, sell first my million holding . Then buy back cheaper. Then sell again , then buy back... Gaining while price keep dropping. As long as ESOS price also keep drop.
28/08/2021 12:55 AM

BLee: Good observation; used to be a moratorium for ESOS not being able to sell for a certain period. The followings are details extracted from below pdf:-
https://www.klsescreener.com/v2/announcements/view/3407375

1) Fintec issued ESOS for 21 times. Issued 1,531,452,600 shares valued at RM80,168,603; highest 9.25sen and lowest at 2.5sen; average 5.2sen per share.
2) 4 May 2020 - issuance of 82,110,000 new Shares at an issue price of RM0.0361 per Share valued at RM2,964,171.
3) 15 July 2020 - issuance of 100,000,000 and 182,144,000 new Shares at the issue price of RM0.0535 and RM0.0711 respectively. Total value of RM18,300,438.40; average 6sen per share.
4) 28 Dec. 2020 - issuance of 1,432,718,739 new Shares at an issue price of RM0.08 per Share valued at RM 114,617,499.12.
5) Feb. 2021 - Exercise of 48,000 Warrants C at the exercise price of RM0.08 valued at RM3,840
6) Apr. 2020 to LPD - issuance of 112,805,034 and 20,084,396 new Shares at the ICPS conversion price of RM0.16 and RM0.11 respectively. Total value of RM 20,258,089; average 15.2sen per share.
Grand total:  3,461,362,769 shares valued at RM236,312,640.02; average 6.8sen per share.

With the above data, is it at present around 2sen considered high price or good bargains??..I have become a 'cheapskate' investor to dive in around 2sen.

Please do own due diligence and Happy trading

@BILLC, Fintec did PP and ESOS (21 times) issuing price at 'not more than a 10% discount to the weighted average market price of the shares for the five market days immediately before the price-fixing date', depressing the trading price?? If you read below report, you might find the answer:

Source: https://www.klsescreener.com/v2/announcements/view/3407375

Can't compare Focus D with Fintec??

Happy trading

@whistlebower99: ..don't be trapped at high price for years

BLee: Focus D at around 5sen and Focus-PA at around 1sen; is it consider high price or bargain?? Last 6 quarters with profit and good fundamental...please do own due diligence.

Happy trading