CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") ("PASUKHAS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 18 APRIL 2023 INTO 1 PASUKHAS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
========= 1 step closer to another share consolidation
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") ("PASUKHAS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 18 APRIL 2023 INTO 1 PASUKHAS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Be careful trading high NOSH low price penny stocks
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 due to the corporate exercises
List of penny stocks with shares consolidation :-
023 in progress - VSOLAR, DOLPHIN, TECHNAX, ICON, PASUKGB
Entitlement description CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PASUKHAS GROUP BERHAD ("PASUKHAS" OR THE "COMPANY") ("PASUKHAS SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 18 APRIL 2023 INTO 1 PASUKHAS SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
New NOSH = 190,529,252 after 10:1 share consolidation WA = 57,866,058
=================== Ex price for mother = 0.10 Ex price for WA = 0.05
=============== Very low NOSH for share and WA Easier for operators and cindy kate to push up the price ???
More opportunities for directors to raise more fund via massive share issuance to ESOS, PP or to acquire assets from friendly parties ???
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Cornered stocks by Directors cronies.....up or down will be controlled by the cronies.....up more possible than down....good buy now....sure can get Raya angpow...
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....
Good123
25,060 posts
Posted by Good123 > 2023-04-05 08:13 | Report Abuse
Accounting fraud is possible including money laundering through many layers of related party transactions but unreported or not disclosed