Hi im a super newbie and got into the expiring warrant and now the warrant is suspended for trading. Based on the notice, what would be the best course of action I should take. I hope sifu here can give some advise.
DGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 26 June 2023.
=================== 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
List of penny stocks with shares consolidation :-
2023 in progress - DGB, MMAG, DOLPHIN, TECHNAX, ICON
PROPOSED CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN VSOLAR (“VSOLAR SHARES” OR “SHARES”) INTO 1 SHARE (“CONSOLIDATED SHARE”); AND
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 791,850,044 NEW ORDINARY SHARES IN VSOLAR (“RIGHTS SHARES”) TOGETHER WITH UP TO 395,925,022 FREE DETACHABLE WARRANTS (“WARRANTS C”) ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 2 WARRANTS C FOR EVERY CONSOLIDATED SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED
Operators and price influencers will try push up the share price to attract new players for the rights issue shares
NOSH is low at the moment only 161,158,069 shares
After rights issue, the NOSH will be close to 1 BILLION shares With more fund raising by directors via shares issuance to PP, ESOS, NOSH will eventually become multi BILLION shares again
================= Announced EX Date Subject Ratio Offer 09 May 2023 22 May 2023 Share Consolidation 1.0000 : 30.0000 View 01 Jun 2020 15 Jun 2020 Rights Issue (warrant) 3.0000 : 1.000 0.0300 View 18 Oct 2012 01 Nov 2012 Rights Issue (warrant) 3 : 2 View
On behalf of the Board, M&A Securities wishes to announce that an application has been submitted to Bursa Securities to seek an extension of time of up to 8 December 2023 to implement the Rights Issue with Warrants.
This announcement is dated 6 September 2023.
==================== Directors fund raising exercise coming very soon. Investors and holders need to dig pocket for more money to contribute to directors fund raising activity
09 May 2023 22 May 2023 Share Consolidation 1.0000 : 30.0000 View 01 Jun 2020 15 Jun 2020 Rights Issue (warrant) 3.0000 : 1.000 0.0300 View 18 Oct 2012 01 Nov 2012 Rights Issue (warrant) 3 : 2 View
==================== PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 791,850,044 NEW ORDINARY SHARES IN VSOLAR ("RIGHTS SHARES") TOGETHER WITH UP TO 395,925,022 FREE DETACHABLE WARRANTS ("WARRANTS C") ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 2 WARRANTS C FOR EVERY CONSOLIDATED SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED.
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....
Newnewbie2023
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Posted by Newnewbie2023 > 2023-06-22 12:13 | Report Abuse
Hi im a super newbie and got into the expiring warrant and now the warrant is suspended for trading. Based on the notice, what would be the best course of action I should take. I hope sifu here can give some advise.