Hopefully you haven't sent your money to A moi, wait for next two reports before marrying her, and live happily ever after!

@JK22, the commonmask website has room for improvement?

https://asia.nikkei.com/Spotlight/The-Big-Story/Nikkei-COVID-19-Recovery-Index

China ranks 1st, and so what does this means for Kanger's recovery index? Good morning, have a relaxing and safe weekend, get ready for next week!

Hi xxx, welcome to the CommonClub. Thank you for choosing CommonMask. Your order is currently being processed by our team and your tracking info will be sent to you once its ready.

Please feel free to email hello@commonmask.co should you have any questions or concerns. We will get back to you as soon as possible.

We hope you enjoy wearing our masks as much as we enjoyed making them.

Till then, stay safe!
CommonMask Team

Hi Bros, following JK22 good suggestion, just bought 4 boxes of 4ply common mask:) With 15% discount, total rm105.26, inclusive rm7for shipping.

Here is another example where whistlebower99 is giving half the picture. I participated in AEM RI. If I had wanted to sell after RI, many opportunities to sell at 4.5 sen, but don't forget there is the free warrant (3for 4 rights subscribed) can sell at 1.5sen. To cut the long story short, if I sell arm now, makes 10%profit. But not selling yet cos I think it has growth potential.

I calculated: weighted average of the three PP below
=(60000*0.0557 + 40000*0.044 + 66433*0.045)/166433=0.04862 RM

So, based on the positive prospects and the PP of almost 5sen, do you want to sell off your shares for 4.5sen? I won't. May be 6sen i will be willing to unload some if I need to.

On 24 May 2021, the Company had announced that it has completed the issuance of 60,000,000 new ordinary share pursuant to a Private Placement at an issue price of RM0.0557 per Placement share.
On 14 Jun 2021, ...40,000,000 new ordinary share ... issue price of RM0.0440 per Placement share.
On 22 Jun 2021, ...66,433,000 new ordinary share ... issue price of RM0.0450 per Placement share.

See below....I think for a penny stock this is really not bad at all! What do you think?

3. Prospects

The Group is cautiously optimistic about its existing PCB business as well as new glove turnkey solution and supplementary services business. The Group confident that the gloves business has the potential to grow worldwide with the recent increasing awareness of personal hygiene due
to Covid-19 Pandemic and gloves is also an essential item in healthcare industry.

12. Significant Event During the Period
On 30 June 2021, a wholly-owned subsidiary of the Company, AE Multi Industries Sdn. Bhd. had received a letter of award from G Rubber Sdn. Bhd. for design, fabricate, install, test and commission of gloves dipping lines.

I agree with RelaxBro.....6.5 is coming!

@Pop888, relax, Kanger follows SOP, there was valuation done on the service apt, gotten 19%discount bcos buying in bulk. Kanger tak bayar 142mil sekali gus, tapi ikut jadual, pay only when certain work is done, macam kita beli rumah dari developer. The last 10% payment in 1st quarter 2024when apts ready to hand over. Almost sure can raise full sum....if not, as stated in prospectus, will borrow from bank.

whistlebower, can consider MZM's suggestion for you?
And to restore your objectively, may i suggest you don't just cut and paste half of the info and skip the other half. Until you are objective, how to talk about objectivity?

@Whistlebower99, MZM, myself and others here corrected your misinformation, not even hear a word of thank, why? You still haven't answered why you left out the last sentence on the completion schedule!

@Whistlebower99

Why do you choose to leave out the last sentence of the paragraph you quoted from Page 17 of the Abridged Prospectus?

"Antara @ Genting Highlands is under construction and development
(with approximately 12% completion as at the LPD) with expected
completion by January 2026. The proposed development will be carried
out in 2 phases; the first phase of the development shall comprise the
podium block together with Blocks A and B and the second phase shall
comprise Blocks C and D. At this juncture, the first phase of the development is anticipated to be completed by June 2025. As set out in Section 5.4 of this Abridged Prospectus, the Subject Properties are expected to be completed in the first quarter of 2024."

It is stated "the first quarter of 2024". I believe the readers here can see the difference this makes.
Section 5.4 says the Kanger takes vacant possession of the units at that time.

Bilis, to be exact it's 800mil OR, haha .....where are the rest?
But if you manage to come down from high floor, happy for you anyway

See the summary of positives by MZM2511.....so Why sell away your shares cheap cheap?

Glad that my "guess" yesterday about price was largely correct!
Yesterday was between 4.5 and 6sens.....
Today is it unreasonable to expect going from 5 to 6.5sens?
......given the good projects in progress or in waiting. Happy trading and investing!

@Patience99, Now we know Bilis modus operandi! Keep talking bad when want to buy, LOL
Ppl who don't know it might be influenced and so he may get what he wants!

Jeffrey,
pls see
https://klse.i3investor.com/blogs/hsb23/2021-06-27-story-h1567060125-Should_you_subscribe_to_KANGER_0170_rights_issue.jsp

And MSM2511 postings yesterday and also earlier.

@whistlebower99 I think the main problem with you is you are not a real whistleblower (ok, you claim "bower"), you just blow everywhere before checking as I just comment on you over in Kanger.
Is the lost expected? Why the company did the RI?

@whistlebower99 I think the main problem with you is you are not a real whistleblower (ok, you claim "bower"), you just blow everywhere before checking. For example, while it is true that the the whole Antara will be completed in 2026, but the block in which the 126 units Kanger is buying will be completed and hand over by 1st quarter of 2024.

To date, Kanger has paid 30% of total, with remaining 70% shall be paid in tranches.
The last payment RM 14,287,000 (10% of total) is when Kanger Ventures takes vacant possession of the units in First quarter of 2024.

For details. see Section 5.4 of Abridge Prospectus.

@Patience99, for Public Bank dead line is 8 September, surprised why two banks deadline line different.

I mean we can all bid for excess following the rule of the game, but keep saying negative things with no mention of positives is unfair. I will also bid excess, but let's play fair!

Bros, I would like to make another guess based on the interest shown today: the RI will be fully subscribed, and Kanger will raise the full amount. I disagree with whistlebower99.... majority of shareholders will not be so mean to Kanger's boss! Let's see who's right on 23 sept! @Whistlebower, sorry, but I suspect your true intention, i think you are hoping to bid and win the excess by telling ppl not to subscribe! Not a gentleman behaviour!

Please see MZM posting, he explained in detail

Aiyoo, whistlebower99, why so mean? Why you never mention Mr Quah already need to pay for 770mil share at 6 sens?

@JK22....yes but only after checking on the company. I didn't participate in bcmall....it wanted to spend 15mil for developing an apps, not convinced cost so much.....

But Mr Market moving as guessed/predicted/reasoned so far! That's the way, we invest, Kanger do the actual work, then reward our support via dividend and rise in share price. Way to go!

Thanks guys for clarification.....I did an automatic search on the 2021annual report with my pdf processor....tak ada 70 million spent....

@Patience99, Good points. Yup, whistlebower99, please explain....we are willing to listen. Btw, so far honest guess on the price moving up is correct

Fair alert, but Kanger gets 19% discount for this Genting service apt because buying in bulk. This fund raising is for this purchase....If we support, Kanger needs not take out expensive bank loan to buy, so doesn't make sense?

I am no businessman, so am happy to do my part by supporting Director, and we all huat together ma

Whistlebower99, don't you think need to be fair to Director Quah? He already promised the minimum subscription, and on top of that another 770 mil share at 6 sens. Remember he doesn't get warrant for this 6sens/share. After all the fund raising, please figure out how many shares he will have, and is he going to main masak with Kanger??

Again, want to say don't sell your share cheap cheap, Kanger is in net cash, and has good projects lining up...read MZM2511's article

Whistlebower99, if I don't have OR, will buy mother, but I have enough OR already, hehe

If selling OR at 0.5 Sen now, there's some chance later may regret and have to buy back at 1sen.....

Already knocking at 6, thought not so soon.....wow

Kanger is in net cash position, why sell off your share cheap cheap?

If I have to sell, I won't sell so cheap at 5, at least 6.5, hehe

MZM, soon ppl will realise your article is based on valid sources, not bullshit one. My guess is not wild guess, but also based on honest reasons. Ppl can check my postings..... Haha

Looks like my guess yesterday will work out 5, 5.5, 6,...sit back and have a nice day!

Kurang dari 10% nak jual below .010and below

https://www.channelnewsasia.com/singapore/sinopharm-covid-19-vaccine-clinics-start-jabs-2144921

Whistlebower99, referring to positives as MZM outlined, I tend to agree with mikeann.....it will be lucky if can get 4.5sen, but my guess is soon will be 5, 5.5,.... Good luck!

OrlandoOil, so you think mother will become 4sen? Remember Director Quah will subscribe 770mil shares at 6sens, so what you make of it?

For those who are not sure where Jingzhou is....a few related links are given in my 12 July post.

@MZM2511 Many thanks for the prompt but overall "Glance"

After all these checking and reading postings esp MZM's, decided to increase my holding from <1mil to >2.5 mil shares, as that's what I can afford now.....need to keep bullets for RI, haha....but if I have more bullets, will still spend half on Kanger. Happy Hari Merdeka and happy investing!

@MZM2511, What are your thoughts on the latest annual report? Should be very helpful to many ppl here if you could share esp in the form of an article

A few more major points I remember:
1. Kanger has major research center on bamboo & products
2. Kanger's income down not only because of the pandemic but due to the smart move of factory
3. Now factory has direct plenty cheaper supply of bamboo in its backyard
on top of its recent other major business ventures: Genting Apt, vaccine, and mask.

Based on these, I am confident it will be moving up

30th major shareholder: Lee Chong Wei 7.5mil shares.
Maybank Securities Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities Account for Lee Chong Wei

Annual Report out:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3189156

Quote: ".........The Group is in a net cash position with total cash of RM81.71
million exceeding total borrowings of RM62.87 million. Our balance sheet has the capability and flexibility to fund future investments, should opportunities arise."