Kangedd, look at what happen to the most recent case of consolidation, Kangerdd, 10 ord shares into one. Thev price nosedives 70% post consolidation and the diarrhea continues unabated. This case is even worse than many others if u take the pre-consolidation RI price of 5c as the base as the loss is 90%. U may take the risk, and what i can do is wishing u good luck.
Nowadays lots of retailers r trading online with nominee accounts. These investors wont take the trouble to find out how to exercise their rights with their votes. The manipulators will take the opportunity to bulldoze thru all the proposals in favour of themselves in virtual EGM. My advice to all these ignorant shareholders is go seeking help from trade representatives of your respective investment banks in how to cast your vove in virtual EGM. Take a little trouble to ensure your vote is counted.
The share-holders who r having NOMINEES accounts r not eligible to vote in EGM. They can request their respective investment banks to vote on their behalf. Can seek guidance from your rep on this matter.
y Fatty Liew subscribed for a big chunk of the unsubscribed new shares? He must hv sth in mind to get much more richer with his winning strategies. The first one is now unfolded, that's going for Nasdaq listing. What is his next move to create DNEX2?
May god bless line for being a wise man (in disguise?) so as he will be rewarded for his tenacity in bringing this stocks to its knees at his projected 7c level to send the existing minor shareholders to the slaughter hse.
Fintec's stable of stocks r good in buying timely at peak prices other listed stocks which r loss making for years or r started to make losses. Really salute their BODs for their buy high sell low skill in forecasting, just for personal interests at the expenses of the investive public.
Q421(Jan-Apr21) has no issue with lockdown whereas Q420 had. Moreover, the company is embarking on cost reduction programs to lower the administrative and operational expenses besides going full steam in online promotional drive for its products.
>200m new shares for the latest ESOS scheme (15% of NOSH) r awaiting for the sharks to collect at the bottommost price with deep discount to VWAP. Most of the shares in transaction r from the sharks themselves if im not mistaken. The modus operandi is on how to get the ESOS shares at the trough of the latest artificial wave.
PROPOSE ACQUISITION OF 10% OF ACE INNOVATE ASIA BHD (LEAP CTR, 38.5c) AT 35C PER SHARE BY ISSUING 53M ORD SHARES AT 20C PER SHARE. BIZ DIVERSIFICATION TO INCLUDE MOBILE FINANCIAL TECHNOLOGY. .............................................................. good bargain.
Proposed acquisition of approximately 10% of the share capital of AIAB, comprising 30,000,000 ordinary shares in AIAB (“AIAB Shares”) (“Sale Shares”) currently held by Derrick Chia Kah Wai, ACE Dynamic Team Sdn Bhd (“ACE Dynamic”), Tan Sun Sun, Liu Sing Kiat and Go Yoong Chang (collectively referred to as “Vendors”), for a total purchase consideration of RM10,650,000 (“Purchase Consideration”), to be satisfied via the issuance of 53,250,000 new TFP Shares (“Consideration Shares”) at the issue price of RM0.20 per Consideration Share ...................................................................................................................................................... The proposals were approved by Bursa Security on 24/5/21. This company is on aggressive expansion mode. Stock to watch.
Sinovav is the second safest vaccine (behind Sinopharm) in the world, many rich europeans r flocked to middle east agent of Sinovac for inoculation. Malaysia should opt for the safest vaccine, viz sinopharm, which is much cheaper than the western ones to save cost while safeguarding the good health of the citizens. Dun be penny wise, pound foolish. Discuss with Kanger, a Sinopharm vaccine distributor, asap for the consistent vaccine supply.
Let us see what Dato Jazlan can help the company to prosper in the covid19 vaccine field. Its time for him to display his strong leadership in political scene to prosper the company for his own good as well as the shareholders'.
Hope the new proposals on issuance of 713m and 769m new shares at 6c each to an acquired company (unnecessary acquisition at this juncture) and a director (who is also a minor shareholder) are rejected by Bursa Malaysia. Else, upon completion of the RI exercise, the acquired company will own 1.43b shares and the director will own 1.6b shares at 6c each. Together, they eventually control 30% of the company.
AMFIRST REIT is at 42c now with NTA RM1.19, the same with Encorp. Billionaire Azman intends to take over the company via acquisition of the shares not in his possession at RM0.90. Good news for all the property counters with high NTA.
So much cash in the coffer yet proposed another round of 15% ESOS and 30% PP this month. In doing so, they suppress the share price in order to get huge number of cheap new shares at deep discount later. Where r the cash now? Is the cash coffer empty now to force the co initiating new shares issuance schemes to raise the fund?
at current price, it can afford to drop 3c daily for 8 trading days to return to pre-RI price level to trigger off another round of consolidation/RI/ESOS/PP to excite the loyal shareholders with reduction and inflating of NOSH to maintain the original NOSH level while gathering huge fund for self-inflicting financial losses with prime pumping of attached companies. This cycle will repeat itself automatically yearly.
Notorious stocks with deficit in credibility/trust/transparency/integrity wont be able to gather any support from the investing public as the risk of misappropriation of fund collected is extremely high. It's a sgood as dumping your money into a black hole with unfathomable bottom.
experienced investors understand very well the modus operandi of the syndicates to enjoy the ride with them based on the idiom "join them if u cant beat them". That's y this group of people r appreciative of the contribution of the syndicates in their wealth generation.
when syndicates had cleared their position, the stock price is allowed to plunge freely. Right at the real bottom, the syndicate will restart their shares accumulation with esos, pp, RI, etc, for next round of uptrending move with fund from ATM companies. The new shares they issue can be many folds the original NOSH as though there's no act to control the yearly shares issuance. Metronic had issued the last tranche of PP IN feb21. Now they propsed another 30% pp and expected to be approved freely by authorities soon. Many penny stocks belonging to the same group of syndicates r practising the same modus operandi.