Posted by luqmannazri > Jun 16, 2021 4:24 PM | Report Abuse

seems many are interested in 0.150

Posted by NicmannNg > Jun 16, 2021 5:46 PM | Report Abuse

99.9% subscribed RI, hehe

Posted by Fatman > Jun 16, 2021 5:48 PM | Report Abuse

Hahaha... Useless counter... Don't know drop how many thousand percent liao... All of us already became packed sandin......

Posted by Iknow666 > Jun 16, 2021 5:59 PM | Report Abuse

99.9% subscribed means they sapu the rights sendiri... Although previously is pure guessing but I am quite confident now they won't let it go lower than 15c...The Saudee bosses wanna do kao sendiri meh... Green green must happen anytime..

Posted by NicmannNg > Jun 16, 2021 6:29 PM | Report Abuse

today already below 0.15, hehe

Posted by Iknow666 > Jun 16, 2021 11:52 PM | Report Abuse

Market sentiment is very bad.. With the political issues etc press statement released by Agong. Its really not a good timing. ☹️

Posted by bleuerouge > Jun 17, 2021 1:18 AM | Report Abuse

worth to monitor price action tomorrow

Posted by AlfI3 > Jun 17, 2021 6:10 AM | Report Abuse

Wud d oversubscribed b a show to entice more investors in or was that b d underwritter subscriptions ?

Posted by NicmannNg > Jun 17, 2021 9:14 AM | Report Abuse

today can close green?

Posted by NicmannNg > Jun 17, 2021 9:23 AM | Report Abuse

so useless this operator, hehe, cant goreng high the price

Posted by luqmannazri > Jun 17, 2021 9:56 AM | Report Abuse

look like price will be maintain at 0.15

Posted by fruitcake > Jun 17, 2021 11:12 AM | Report Abuse

0.15...HAHAHA

Posted by whistlebower99 > Jun 17, 2021 11:15 AM | Report Abuse

Fund raising exercise again and again....

SAUDEE GROUP BERHAD profile and facts

https://www.klsescreener.com/v2/stocks/view/5157


Subject RENOUNCEABLE RIGHTS ISSUE OF UP TO 475,295,394 NEW ORDINARY SHARES IN SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") ("SAUDEE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE TOGETHER WITH UP TO 237,647,697 FREE DETACHABLE WARRANTS IN SAUDEE ("WARRANTS B") ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 21 MAY 2021

Please refer attachment below.

https://www.klsescreener.com/v2/announcements/view/3361629

Announcement dated 21/5/2021


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

On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights Shares with Warrants B at 5.00 p.m. on 9 June 2021, the Company had received valid acceptances and excess applications for a total of 474,820,122 Rights Shares, representing 99.90% subscription of the total number of Rights Shares available for subscription under the Rights Issue with Warrants.

Details of such valid acceptances and excess applications received are as follows:-

No. of Rights Shares % of total issue
Total valid acceptance 134,114,162 28.22
Total valid excess applications 340,705,960 71.68
Total valid acceptances and excess applications 474,820,122 99.90
Total Rights Shares available for subscription 475,295,394 100.00
Not subscribed for 475,272 0.10


Successful applicants of the Rights Shares will be given Warrants B on the basis of 1 Warrant B for every 2 Rights Shares successfully subscribed for.

The total number of excess Rights Shares available for allocation was 341,181,232. In view that the total number of excess Rights Shares applied for was 340,705,960, the Board has decided to allot the excess Rights Shares to all the entitled shareholders and/or their renouncee(s) and/or transferee(s) who have applied for the excess Rights Shares in full.

The Right Shares and Warrants B are expected to be listed on the Main Market of Bursa Securities on 23 June 2021.

This announcement is dated 16 June 2021.

https://www.klsescreener.com/v2/announcements/view/3377509

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

Total acceptance only 28.22% could mean many retail shareholders as well as substantial shareholders are not supportive of the fund raising exercise.

Total excess application so high at 71.68% could mean buddy-buddy penny stock companies supporting another loss making penny stock company. (like in the case of Permaju supporting MTOUCHE rights issue exercise)

Total share issued will balloon to 713,744,091 + 474,820,122 = 1,188,564,213 shares

If free warrants are fully converted, the total share issued = 1,188,563,213 + 237,647,697 = 1,426,211,910 shares

Massive dilution to shareholdings.

Expect directors to announce more fund raising exercise, in near future, by share issuance to ESOS and PP, causing further dilution to shareholdings.....

TAYOR

Posted by whistlebower99 > Jun 17, 2021 11:48 AM | Report Abuse

The total shares issued figure doesn't look right. Need to reviewed and recomputed at a later date when the rights shares and warrants are listed on 23/6/21

No matter what the final figure is, dilution of shareholdings can't be denied.

Posted by NicmannNg > Jun 17, 2021 12:17 PM | Report Abuse

trend is more important , hehe

Posted by bleuerouge > Jun 17, 2021 3:06 PM | Report Abuse

took 150 d.

Posted by Iknow666 > Jun 17, 2021 3:21 PM | Report Abuse

Look at the volume of seller its so easy to goreng this but operator just dont want to... Lols... Patiently waiting what they are going to do now..

Posted by bleuerouge > Jun 17, 2021 3:36 PM | Report Abuse

buy & keep a while, chill. let operator do their job.

Posted by luqmannazri > Jun 17, 2021 5:38 PM | Report Abuse

today touch 0.145..tomorrow touch 0.14...nextweek going to below 0.10...welcome to hardcore penny

Posted by NicmannNg > Jun 17, 2021 7:26 PM | Report Abuse

welcome welcome

Posted by nostrac > Jun 18, 2021 9:38 AM | Report Abuse

MELEWAR have big volume came in , wasting my time here since last week..BYE..

Posted by NicmannNg > Jun 18, 2021 3:11 PM | Report Abuse

hehe, how is melewar now?

Posted by luqmannazri > Jun 18, 2021 3:36 PM | Report Abuse

price retention occurs

Posted by NicmannNg > Jun 18, 2021 3:44 PM | Report Abuse

still early to say ya, recently always closing low 1 bid, then buy queue disappeared,

Posted by Iknow666 > Jun 18, 2021 3:59 PM | Report Abuse

Fintec suddenly shoot up...

Posted by NicmannNg > Jun 18, 2021 4:19 PM | Report Abuse

volume shoot up but price no up, hehe

Posted by luqmannazri > Jun 18, 2021 5:47 PM | Report Abuse

today saude closing price unforeseen.. something will happen next week..maybe ??

Posted by NicmannNg > Jun 18, 2021 8:41 PM | Report Abuse

need to monitor next week movement, especially 23/6

Posted by Petronas > Jun 18, 2021 8:42 PM |

Post removed. Why?

Posted by Ppmaster > Jun 19, 2021 9:33 AM | Report Abuse

This counter cant shout up mostly. Becareful. Maybe will drop slowly. Your money you decide.

Posted by RCZ2020 > Jun 19, 2021 10:49 AM | Report Abuse

I hope they will push up next week

Posted by Citadel9999 > Jun 19, 2021 10:50 AM | Report Abuse

this share finished goreng , won't push up for u to escape, want dream go home

Posted by Citadel9999 > Jun 19, 2021 10:51 AM | Report Abuse

just giving advice, but u want to see Ur money burn then suit urself

Posted by arlaxeat > Jun 19, 2021 5:31 PM | Report Abuse

want to ask what price would it be for the listed warrant B?

Posted by RCZ2020 > Jun 19, 2021 11:34 PM | Report Abuse

Anyhow they have to goreng next week

Posted by Ppmaster > Jun 20, 2021 9:56 AM | Report Abuse

Rcz2020, the posdibility will 80% press down the price , 15% maintain and 5% push up the price start on monday.

Posted by BRAVOZULU > Jun 20, 2021 10:33 PM | Report Abuse

goreng goreng goreng hehehehe