For Newbies Education
Avoid if can, otherwise trade cautiously and avoid being trapped for years, in loss making penny stocks that
Common modus operandi of loss making penny stocks is to have frequent fund raising exercise by issuing shares and selling to market via ESOS and PP as well as undertaking rights issue exercise (often with free warrant as sweetener), enlarging the total issue shares to BILLIONS and diluting minority shareholding percentage.
When the issued shares become Multi- BILLION, and it is no more viable to raise cash by issuing shares through ESOS and PP, the directors will undertake Share Consolidation followed by offering rights issue with free warrants to extract more money from shareholders causing massive losses to minority shareholders.
The company fund raised from such activities are normally used to cover yearly losses, business projects, assets acquisition, debt settlement, JVs, etc.
Some of these companies also use company funds to invest & speculate on other loss making penny stocks. And most of the time, ended up with huge losses.
Beware of frequent announcements of MOUs, Collaboration Agreement and projects utilizing company fund, which is to create excitement and attract attention of unsuspecting retailers especially newbies to trade in the stock.
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List of loss making penny stocks:
ANZO, AT, BORNOIL, COMPUGT, DAYA, DGB, DIGISTAR, DOLPHIN, EAH, EDUSPEC, FINTEC,
FOCUS, GOCEAN, HUBLINE, ICON, IDMENSN, IMPIANA, JOE, KANGER, KGROUP, LAMBO, LUSTER, M3TECH, MACPIE, MMAG, MINDA, MLAB, MNC, MTOUCHE, MTRONIC, NETX, NEXGRAM, OVERSEA, PASUKGB, PDZ, PERDANA, PERMAJU, PHB, PNEPCB, PUC, PWORTH, SANICHI, SAUDEE, SCOMI, SINARAN, TALAMT, TANCO,TAWIN, TIGER, TRIVE, VC, VINVEST (VIVOCOM), VIZIONE, VSOLAR, WIDAD, XDL, XOX
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Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants:
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Get to know and remember the directors behind these companies. Normally the same person could be director in several companies at the same time or the same person could resign from one company to join another. (appears like shuffling).
Information is available in company website, bursa Malaysia announcement (Boardroom, Change of corporate information), i3investor or annual report, etc
https://klse.i3investor.com/entity/0165/22883/3194202304.jsp
https://klse.i3investor.com/entity/0153/49404/124119468.jsp
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Klse screener app (desktop version is more comprehensive) can be used to view company information, financial reports, price chart, news etc
Also check on the number of warrants and the total units of each warrant
https://www.klsescreener.com/v2/stocks/view/0170/kanger-international-berhad
https://www.klsescreener.com/v2/financial-reports
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Bursa malaysia website offers access to all company announcements. Look back at past company activities under category of Multiple Proposal, Additional Listing, Financial reports, Memorandum of Understanding, etc
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Trade view is free to use for charting
https://www.tradingview.com/
https://www.tradingview.com/chart/XzSinm5l/
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FOR NEW NEWBIES
Special Report: Hidden hands behind penny stock surge
https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge
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Special Report: Share Issuances the new get-rich-quick scheme in town
https://www.theedgemarkets.com/article/special-report-share-issuances-new-getrichquick-scheme-town
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Special Report: Hidden hands behind penny stock surge under scrutiny
https://www.klsescreener.com/v2/news/view/818927
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Sussing out potential pump-and-dump schemes on the stock market
https://www.klsescreener.com/v2/news/view/817723/sussing-out-potential-pump-and-dump-schemes-on-the-stock-market
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Private placement frenzy
https://www.klsescreener.com/v2/news/view/814177/private-placement-frenzy
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Trade wisely, set realistic target and don't be caught at high price for long time.
https://klse.i3investor.com/blogs/Whistlebower99blog/blidx.jsp
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Special Report: Hidden hands behind penny stock surge
https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge
Special Report: Share Issuances the new get-rich-quick scheme in town
https://www.theedgemarkets.com/article/special-report-share-issuances-new-getrichquick-scheme-town
Special Report: Hidden hands behind penny stock surge under scrutiny
https://www.klsescreener.com/v2/news/view/818927
Sussing out potential pump-and-dump schemes on the stock market
Private placement frenzy
https://www.klsescreener.com/v2/news/view/814177/private-placement-frenzy
Trade wisely, set realistic target and don't be caught at high price for long time.
https://klse.i3investor.com/blogs/Whistlebower99blog/blidx.jsp
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Refer FB “Goreng Tipu Bursa Klse” for more stories
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https://www.nst.com.my/news/nation/2017/05/242003/macc-tells-public-use-mobile-apps-portal-report-corruption
MACCMobile
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Trade with care, not be greedy and get stuck for years
Created by whistlebower99 | Sep 06, 2021
Created by whistlebower99 | Jul 21, 2021
Created by whistlebower99 | Jul 20, 2021