Manupulation stock. Even 0.005 cents also cant up everyday top volume. If real buyar buying like that in no time buyer will buy up the entire stack in hong seng. My guess is left hand sell to right hand. N right hand sell to u bilis all looking for volume buy. Hehe
For many days operators and cronies generating top volume trying to attract punters, newbies, fomo into the game. Be very careful it might eventually have seller quote at 0.005 if directors propose shares consolidation to trim down the NOSH and restart fund raising via shares issuance to RI, PP and ESOS
NOSH too huge for price to be pushed up and supported More likely for directors to propose shares consolidation in near future to enable themselves to restart fund raising activities via shares issuance to RI, PP, ESOS etc
Dunno why so many still believe in this con counter from mafia group. Both hong seng and revenue from rm 2 plus now become penny stocks. Victor Chin, Francis Leong and Eddie Ng (got these crooks don't waste your hard earn money buying their counters).
This Hongseng has no core business. Glove hot, do gloves. EV battery hot, do battery. Forever catching the tail end of the mania. Look at past 5 qtrs result, any good contribtion from glove? None. Now telling you going into EV battery. Qtrly revenue few million, yet call itself CONGLOMERATE!!!!! Yes it is a conglomerate chasing its tail. Dont be surprise later Hongseng announce venture into AI. Run when you see this announcement.
Sc never regulate all this fishy counters. From rm 2 plus all the way down to 0.015. Mafia group like Victor Chin and Francis Leong can be so powerful that they can do anything they want. Haha
VIZIONE is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 6 March 2024.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
Mohd Sufian Bin Awang resigned as non executive director of Hongseng. He was Political Secretary to ex PM Najib !!!!! Now you understand why they can keep ESOS/PP/RI billions and billions of shares in many companies without fear.
Guys, the syndicate are engaged in non constructive activities, not related to the objective of capital market principles of building a business and increase shareholders value. If you check their qtrly revenue, some not even 1m per qtr. And 20 qtrs of continuos loses.
Money raised from RI/PP/ESOS are used to dabble in stocks of other company which are also doing the SAME thing. This is not honest thing to do .
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) HONG SENG CONSOLIDATED BERHAD
Particulars of substantial Securities Holder Name DATO' SERI TEOH HAI HIN Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares ("Shares") Details of changes No Date of change No of securities Type of Transaction Nature of Interest 1 05 Mar 2024 28,351,400 Disposed Indirect Interest Name of registered holder Kenanga Nominees (Asing) Sdn. Bhd. Pledged Securities Account for Dalphon Limited (Third Party) Description of "Others" Type of Transaction 2 06 Mar 2024 26,648,600 Disposed Indirect Interest
About 3 years ago, it was PUMPED UP TO RM1.90, THEN all the way down to HALF SEN, IF CAN GO TO QUARTER SEN, IT WILL ALSO REACH QUARTER SEN AND IF YOU BUY AT 1 SEN ALSO LOSE MONEY! HAHAHAHA. SO MANY PUMP N DUMP COUNTERS AND NO ONE GOING TO JAIL;;; WHAT IS SC DOING??? BOLEHLAND
In the end conmen all get away scott free tks to SC. Welcome to bolehland. This current government also talk a lot but no action one. Come election, again ask for votes and sell their fantasy stories.
Mafia group counters all trapped investors like hong seng, mmag, revenue, classita etc. In the end they pushed up to a certain price and free fall after that. Haha
pERANGKAP YG LUMRAH: right issues, share split, esos kpd pengarah2, private placement at depressed prices, last last consol to make the final killing hehe... dulu bekas pm (muhyiddin & sabri), kini pm anwar... berani manipulasi syer lagi ATAUPUN PAKAI TAKTIK YG SAMA? hahaha
PETALING JAYA: The Securities Commission (SC) is believed to have raided premises of listed companies for suspected abuse of fund-raising activities.
According to well-placed sources, the regulator kicked off the investigations following complaints and tip-offs from the public on alleged fraud, as well as potential false or misleading disclosure by several public-listed companies in their fund-raising exercises, including private placements, employees share option schemes and rights issues. With lots of files seized, very hard for these syndicate to goreng
If you click... to buy Hongseng now @1.5c.... Hongseng just announce 30:1 When it drop to 0.5c just before ex date, your cost of 1.5c now 0.5c mkt price, 66% of your capital wiped out.
Be careful holding high NOSH loss making penny stocks Many had undergone shares consolidation followed by directors raising fund from shareholders via shares issuance
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wongchin
1,006 posts
Posted by wongchin > 2 months ago | Report Abuse
Manupulation stock. Even 0.005 cents also cant up everyday top volume. If real buyar buying like that in no time buyer will buy up the entire stack in hong seng. My guess is left hand sell to right hand. N right hand sell to u bilis all looking for volume buy. Hehe