No assumptions have been made but facts

1)It is the fact that the PP is set at 0.185 .No assumption is made
2)It is the fact that the PP is not fully subscribed for by investors .No assumption is made
3)It is the fact that extension has been applied to complete the PP by Jan 2024 due to point 2 above. No assumption is made
4) It is the fact that the share capital has ballooned to 2.9b share. No assumption is made
5) At the cheap price of 0.185 , more shares need to be issued diluting the shareholding of the existing shareholders. No assumption is made
6) It is the fact that the receivables are increasing with no clear explanation of collectability . No assumption is made

No need to wait till then. It can be foreseen that the unsubscribed PP would be taken up by the company itself through internal arrangement to save their embarrassment. Unless the share price is improved substantially, there is no incentive and drive for investors to subscribe for it. Why ? 'cause it is not a " Hot Cake" anymore.

No assumptions have been made so far hence bias is out of the question . Why are you so dilutional ?

The more you chatter , the more you run away from reality like a chicken head. Are you not ?

1)It is the fact that the PP is set at 0.185 .No assumption is made
2)It is the fact that the PP is not fully subscribed for by investors .No assumption is made
3)It is the fact that extension has been applied to complete the PP by Jan 2024 due to point 2 above. No assumption is made
4) It is the fact that the share capital has ballooned to 2.9b share. No assumption is made
5) At the cheap price of 0.185 , more shares need to be issued diluting the shareholding of the existing shareholders. No assumption is made
6) It is the fact that the receivables are increasing with no clear explanation of collectability . No assumption is made

No assumptions are made so far. You just argue for nothing.

Reasonable assumptions are made based on the circumstances surrounding the company at the particular point in time. In the dynamic changing world, the circumstances could be changed and the assumptions would be changed accordingly in line with the changed circumstances. There is nothing wrong with it .

With the pathetic PP price of RM 0 185, do you know how many shares the company need to issue in addition to their ballooning existing share capital of 2.9 b to date ? Do you really believe that the the existing shareholders would be happy about the dilution of their shareholdings as a result of more shares to be issued at pathetic PP price of 0185?

You look but you dont see and you hear but you dont listen. Just because you cant see , you give the excuse as you are not the almighty. We are talking about sense of judgement . You dont wait to run only the sky has fallen . The investors have run before the sky is falling.

By the time when the time tells, the company could be half dead ,if not dead. What is your sense of judgements from the circumstances and facts surrounding the company ? Why is the receivables still mammoth as at to date despite some projects are near the stages of completion as claimed?

Dont beat the bush by murmuring, come to the points.....

Despite it is cheap sales now , the buying power is less than 30%. Why ?

The more you chatter , the more you run away from reality like a chicken head.

It is believed that majority of the existing shareholders are very pissed off with the company to set PP price at RM 0.185 meaning the company is required to issue more shares thereby diluting their interests

To date, Jaks share capital has already been ballooned to 2.9 b shares.

The further time extension to complete the PP in 2024 is a clear demonstration of the inability of the company to draw interests from the investors locally and / or abroad to subscribe for its PP.

Why are the investors not keen to subscribe for? The answer is very clear. Investors have no confidence in this company.

PP is set at RM 0.185 but the currrent MV is RM 0.185-0.19 .

Do you really believe the investors are drawn to subscribe for it given the pathetic MV ?

Even they have subscribed for it , do you really think the share price would be multiplied to their wish ,perhaps in a million years ?

One lady youtuber has recommended to buy stocks at bargain price , price of too good to be true. Many believe her that the " stone " could be turned into " Gold" , One of the stocks recommended is Jaks. She even advises to
keep averaging down. However many stocks recommended by her are backfired. Some have turned into PN 17 while some are on the verge of triggering PN 17.

Basically, if you believe her, you believe in everything. Similarly , if any fellow over here to keep fretting on you to buy , its basically dumping your money to the sea of no return. It is not a matter of cheapness but a matter of worth. it is not worth to take the risk so back off.

PP is set at RM 0.185 but the currrent MV is RM 0.185 .

Do you really believe the investors would subscribe for it given the pathetic MV ?

Even they have subscribed for it , do you really think the share price would be multiplied to their wish ,perhaps in a million years ?

Fundamentally speaking, you have spotted on .

For the above reason, hope of relief and/or upliftment of AAX by BURSA before the deadline is not expected to materialise

By granting AAX with further time extension to submit RP on and before 28/10/23 is already a clear demonstration of the intention of BURSA that AAX's application for relief and upliftment would not be entertained.

BURSA would have uplifted AAX if AAX had not been dragged by the financial distress of Cap A. Basically , Cap A is the stumbling block to the hindrance of upliftment . Cap A is the greatest culprit.

BURSA 's stand is very clear now in that both AAX and Cap A are required to submit the RP together on and before the deadline.

End of the story.

PP is set at RM 0.185 which is a huge bargain too good to be true to the investors . Despite that , PP is still not fully subscribed as a result of which it is so pathetic to seek time extension. Given the size and status of this company,it should not have happened.too bad.it did happen....

It is believed that majority of the existing shareholders are so pissed off at PP price set at RM 0.185 meaning the company is required to issue more shares thereby diluting their interest. To date, Jaks share capital has already been ballooned to 2.9 b shares.

On a seperate note, PP is set at RM 0.185 but the currrent MV RM 0.185 , Do you really believe the investors would subscribe for it given the pathetic MV ? Even they have subscribed , do you think the share price would be multiplied to their wish ,perhaps in a million years ?

PP is set at 0.185 which is a huge bargain too good to be true to the investors . Despite that , PP is still not fully subscribed as a result of which it is so pathetic to seek time extension. Given the size and status of this company,it should not have happened.too bad.it did happen....

Why? No confidence in this company is the main reason.

The truths are out there ,the signs are out there and the foresights are our there .They are considered as the harbingers of D-day to happen...

The further time extension to complete the PP in 2024 is a clear demonstration of the inability of the company to draw interests from the investors locally or abroad to subscribe for its PP.

Why are the investors not keen to subscribe for? The answer is very clear. Investors have lost faith in this company.

The further time extension to complete the PP in 2024 is the clear demonstration of the inability of the company to draw interests from the investors to subscribe for its PP.

Hence,the PP is expected to be doomed for failure to raise equity funding.

PP was set at 0.185 in May 23 but its trading at 0.185 if not lower now.

Do you really believe that the company would be able to complete the PP by the time Extension in 2024 for lack of interest from investors?

No wonder it has been trying to stimulate the share price by signing more and more "MOU".

Investors are very cautious to trade/ invest in this counter in the wake of the recent sensational case of SERBADK Dynamics (SD) where funds raised were channelled to fund " fake oversea projects"

According to Chartists , it has shown bearish trend from now....

Chartists say it has entered into bearish trend from now....

Guess how long would it take to drop to 0.185 from 0.22?

0.185 is not the cheapest. The
Cheapest has yet to come

Judging from the forward PE,t he upcoming QR is expected to be worse than that of previous QR .It is expected to be a penny stock faster than you and me could imagine.

Bursa will not approve two applications.the application for time extension has been granted. The other application for relief and upliftment is out of the question and will not be entertained

The Bursa just can't sit and wait for the upcoming QRs one after another forever.

The bursa's stand is clear .both companies ie AAX and Cap A must submit RP. How they compliment to their own salvage plans is up to stony

Time extension has been granted

Omg

Though BURSA did not specifically reject their application for Relief and upliftment , the time extension granted has insinuated the intention of BURSA that the authority is not keen to set a precedent. Judging from that, their application for relief and upliftment is unlikely to be successful .

The announcement by AAX saying that the authorities are still considering their application is misleading.

Could the time extension for AAX to submit the RP on and before 28/10/23 granted by BURSA be inferred as the request /application for relief and upliftment to be unsuccessful ?

Previously , BURSA granted the time extension for AAX to submit the RP on and before 28/10/23 having chucked out AAX 's application for the relief from submission and upliftment of PN 17 . ( Proposed Relief & PN17 Upliftment”).

Why now AAX says BURSA is still considering their application for the said proposal ? who is telling the truth ?
Do you mean BURSA has made a U-Turn ? If this is true, why is the share price still declining ?

Previously , BURSA granted the time extension for AAX to submit the RP on and before 28/10/23 having chucked out AAX 's application for the relief from submission and upliftment of PN 17 . ( Proposed Relief & PN17 Upliftment”)

Why now AAX says BURSA is still considering their application for the said proposal ? who is telling the truth ?

Do you mean BURSA has made a U-Turn ? If this is true, why is the share price still declining ?

As per announcement , As of 2 August 2023, Bursa Securities’ decision on the application for the Proposed Relief & PN17 Upliftment is pending.

Based on the above, there is a possibility that AAX is not required to submit its own RP if the relief is finally granted by BURSA. It is a nail biting moment from now....

Irrespective of what the outcome of the state election to be , federal government is still intact. No effect on the market. Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why share price has been declining fast and furious . The market is extremely cautious in wake of SD

Red 2 days but green 5 days , overall, still green...

Nope, KL index has been improved to great extent . Irrespective of what the outcome of the state election to be , federal government is still intact. No effect on the market. Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why share price has been declining fast and furious . The market is extremely cautious in wake of SD

Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why it is declining . The market is extremely cautious in wake of SD

The funds are subject to be abused where there is no transparency for the application of funds for the oversea projects. More PP is expected to be issued by the Company. The more they issue, the more pernicious they are .

It is believed that all the PP raised has been channelled to the Vietnam where the projects are focused. However,there is no transparency for the application of funds overseas. This is tantamount to Serba Dynamic ( SD ) where all funds raised be it through PP ,RI , external borrowings etc have been purportedly channelled to " projects" to be undertaken overseas but ended up with mostly " fake projects " as a result of which all the Investors of SD have been swindled , suffering from huge losses in the end. Meanwhile , SD is confirmed to be doomed with no chance of reverting to main board , not in a million years.

Enormous PP has been raised by Jaks in the past but whether the PP raised has been fully allocated to good use remains doubtful and fishy . For this reason, investors are said to be sceptical of the application of PP funds. If the funds are not ploughed back and or applied effectively and efficiently to generate more earnings, the funds would be exhausted in the end as a result of which more and more PP is expected risking the company on the verge of triggering PN 17.

From the past records, the revenues have been seriously declining from one year to another and so have been the earnings which could be the harbinger of downfall to come.

Operating profit includes depreciation and amortization, but excludes interest and taxes.

Cash flow from operations ( operating cashflow) excludes depreciation and amortization because they are non-cash expenses, and it includes interest and taxes because they are cash expenses.

I wanna invest but there are a lot of questions in my mind unanswered . Can someone elaborate rationally ?? Or there is no rationale why it has turned out to be the unexpected ??

Jaks has been trying hard to stimulate the share price by signing MOU here and there but of no avail, investors are not moved. Why ? can some one elaborate ? another wolf story is on the agenda??