@Smart8investor
Of course, you didn't wrote any bad to this. You just inducing everyone that Prolexus is still thriving, can buy it, don’t miss the chance to make a fortune. When others buy in, it may be the best time for you to sell. A magnanimous person will not delete the posts that he wrote before, but only sneaky people will have that behaviors.

@Smart8investor.
Since you deleted what you wrote above, your reputation has gone bankrupt, making us deeply suspicious of your sinister ambitions.

If you follow this forum, you will found that the posts written by @Smart8investor have been deleted by him, and alvin1188 also suddenly disappeared.

@Smart8investor, why you delete all your posts? Are you also a scammer group or Prolexus insider here to entice everyone to buy, then delete what you wrote when the stock price drops?

Prolexus’s Mother Stock and Warrant prices will rise or drop?

PRLEXUS-WA:
Exercise ratio = 1:1;
Exercise value = RM1.20;
Current share price = RM1.02

The price required to convert to the stock
= ( warrant price ✘ ratio ) + Exercise value
= ( 0.065✘1) + 1.20
= 1.265

The price for the warrant to be converted into shares is RM1.265, but according to the 10/5/21.1:30pm mother stock price of RM1.020, there is a premium of RM 0.245, which means that the price of the warrant to be converted into shares is more expensive than buying the shares directly in the market.

How to calculate premium%?
Formula = [(warrant price✘ratio) + Exercise value – Shares price ] / Shares price
Premium % = [(0.065✘1) + 1.20 – 1.02] / 1.02 = 24.02%

In other words, it is 24.02% more expensive to convert into shares with warrant than buying the shares directly in the market. This means that it is not good for investors, because you need to pay more money to convert into mother shares.

On the contrary, this is indeed beneficial to the Prolexus. Because if you can convert the mother stock at a cheaper price, the difference of the price needs to be paid by the company that issued the Warrants (that is, Prolexus), mean that they will lose the money.

If you were them, you will more prefer mother stock and Warrants prices rise or fall?

Warrants will expire after 2 weeks. According to the technical point of view, the mother stock is not optimistic in the short term. With more people selling and fewer people willing to buy, it can be expected that Warrants may usher in a wave of selling.

Look forward to alvin1188 helping us raise the price of parent stock and Warrants. It's your show time.

I will more prefer to keep my bullets and shoot it after May, but not now.

A very strange phenomenon, the board of directors of this company seems to have only one director (MR LAU MONG YING), and no one else is willing to buy their own company’s stock.

But we still have to praise him, at least he continues to support his company's stock. Warm applause....

Issuing bonus shares does not involve cash flow. It increases the company’s share capital but not its net assets. When a company issues bonus shares, the shares are paid for out of the cash reserves, and the reserves deplete. For internal accounting, a bonus issue is simply reclassification of reserves, with no net change in total equity, although its composition is changed. A bonus issue is an increase in the share capital of the company along with a decrease in other reserves.

For example: if you hold 2,000 shares of RM3 stock, after 2 get 1 bonus share, your stock will become 3,000 shares, but the price will be adjusted to RM2.

I admire the fool who came up with this strategy to increase the stock price of prolexus. So far, it has worked, but he is no foresight. The use of this strategy have a important prerequisites, they have ignored it. This will be fermented within a year.

If they are really aware of the potential problem, then they will start to hesitate whether to change "Propose" to "Confirm".

In any case, please manage the company properly and be responsible to us (investors).

The management of any listed company will go to their forum to see what investors are saying. This is basic.

Let's wait and see if they will admit their mistakes, correct them through actions, or continue to pretend to be invisible like foolish, and continue to be the incompetent management.

For our rights, let us pressure them together to let them fulfill their promises.

That's not important anymore, the key point is their credibility has gone bankrupt!

Buy back 10% company share? Almost half year, have you seen that?


[ NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES PROLEXUS BERHAD ("PROLEXUS" OR THE "COMPANY") (I) PROPOSED BONUS ISSUE OF SHARES; AND (II) PROPOSED BONUS ISSUE OF WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS") ]


They are "propose" BONUS of SHARES and WARRANTS when the WARRANTS is coming expire worthless soon. Their purpose is already obvious.

Please pay attention, it's just a "propose" only. It is very high probability that until Last Date & Time for Trading of Warrants: 25/05/2021 05:00 PM, it is still in the "propose" stage

But if their care about their reputation, maybe their will change "propose" to "comfirm" soon when got our message.

Hope everyone makes a lot of money.

But honestly speaking, their management was really bad, they didn't do what they said, and they used simulated ambiguity to deceive investors into buying. No guts!

They should learn from Top Glove. The boss of Top Glove have the guts. Even if their stocks fall, I will support them.

Invest should be wisely. Stocks are just a tool for us to make money, not our lover. Should not blindly support or not support.

I will judge the enter and leave timing based on its fundamentals and technical aspects.

According to the information I have dug from my friends in the industry, I know some in-depth information and shared it here, but it may ruin some scammers' plans here. So you will see that why they are so angry.

@Smart8investor, It is currently in an awkward position, and the daily trend is still in a downward position. But we see that the weekly and monthly trends have stabilized.

Therefore, it can be predicted that their next quarterly financial report will be a very important element to judge whether the future trend is up or down.

@arv18, Yes! Agree with you. Stocks can be bought, warrants really need to be cautious, unless you really know how to play.

We need to be literate in speaking, don't be lack literacy like alien 1188.

Did he grow up by eating.....?

The cheaters buy mothershares and push up the share price. In addition to owning stocks, the key purpose is making money in the warrant (check the warrant up from 0.08 to 0.27, then drop back to 0.08 quickly). So they makes a lot of money when retail investors lose a lot.

Maybe there are people who are hyping news in this forum is their people, like “pitifully” low IQ alvin1188??

Believe that Prolexus will soar soon. I look forward to everyone making huge money!

Hmm...Strongly believe that Prolexus will buy in large quantities soon, and it will rise! I should enter the market quickly. Otherwise, would their CEO and CFO really sit there and get paid? Up Up Up...

Hahaha, you have to pay attention to the pitfalls, they just say "plan" instead of "confirm".

The board of directors confirmed the 10% Buy Back "plan", but did not say when to buy. As a result, there was still no "Buy Back" news after half year!

@alvin1188
If what I said is not the truth, their quarterly report will not continue decline!

If what I said is not the truth, 10% Buy Back has already been realized!

If what I said is not the truth, banks and venture capital institutions have already bought a lot, and will the share continue to fall?

It is not that I need to prove, but Prolexus management needs to prove that their customers have not abandoned them.

The saddest thing about a person is always living in one's own imaginary world!

So you’ve learned you’ve got a “pitifully” low IQ. How worried should you be?

@ Raint. You're right. It has been determined that the revenue and profit of next financial report will be greatly reduced. Heard that the bank will check the status of their future business orders with the CFO of Prolexus to review its future repayment ability.

Let the coming QR proof my information is it right or wrong.

Alvin, If you don't believe it, welcome to buy more, maybe you will earn more, right.

@POONJ, Someone keeps dispose because the insiders and their friend know the actual status of Prolexus.

There are somebody who always keep tempting people to continue buying, and the losses continue to be exaggerated.

According to reliable sources, Under Armour plans to reduce the list of suppliers in Malaysia, and will concentrate orders on Ramatex, and abandon Prolexus.

NIKE is gone!
Asics is gone!
Under Armour is gone soon!

The executive directors, directors and shareholders of Prolexus are unwilling to buy stocks in your company. Do you still believe that this company has development prospects?

Buy back 10% company share? Almost half year, have you seen that?

Look at the warrant and you will understand!

If you don't flee, you will lose everything.

The management of Prolexus has no credibility.

Don't be deceived.

No, a group of people have bought again and got caught deeper.

According to the latest quarterly financial report, it is obvious that Prolexus's Revenue and Profit Margin have fallen as expected. It is believed that the decline will be even more pronounced in the next quarter. Because the effect of a substantial reduction in apparel orders and mask orders will appear in the next quarter.

Apparel orders and mask orders almost burned out this quarter. What extent of revenue and profit will it drop in the next quarter?

https://klse.i3investor.com/blogs/karadis/497545.jsp

@kewllite Yes, didn't expect them to suddenly go crazy!

Wah....Exaggerated drop......

Mean that MMAG-WB reasonable price = 0.36

MMAG’s Warrant still worth buying at this stage?

MMAG-WB:
Exercise ratio = 1:1;
Exercise value = RM0.20;
Current share price = RM0.56

The price required to convert to the stock
= ( warrant price ✘ ratio ) + Exercise value
= ( 0.24✘1) + 0.20
= 0.44

The price for the warrant to be converted into shares is RM0.44, but according to the 24/3/21, 11am mother stock price of RM0.56, there is a premium of -RM 0.12, which means that the price of the warrant to be converted into shares is cheaper than buying the shares directly in the market.

How to calculate premium%?
Formula = [(warrant price✘ratio) + Exercise value – Shares price ] / Shares price
Premium % = [(0.24✘1) + 0.2 - 0.56] / 0.56 = -21.43%

In other words, it is 21.43% cheaper to convert into shares with warrant than buying the shares directly in the market.

Conclusion:
MMAG-WB --- undervalue and still worth buying at this stage!

Prolexus’s Warrant still worth buying at this stage?

PRLEXUS-WA:
Exercise ratio = 1:1;
Exercise value = RM1.20;
Current share price = RM0.89

The price required to convert to the stock
= ( warrant price ✘ ratio ) + Exercise value
= ( 0.085✘1) + 1.20
= 1.285

The price for the warrant to be converted into shares is RM1.285, but according to the 23/3/21 mother stock price of RM0.885, there is a premium of RM 0.395, which means that the price of the warrant to be converted into shares is more expensive than buying the shares directly in the market.

How to calculate premium%?
Formula = [(warrant price✘ratio) + Exercise value – Shares price ] / Shares price
Premium % = [(0.085✘1) + 1.20 - 0.89] / 0.89 = 44.38%

In other words, it is 44.38% more expensive to convert into shares with warrant than buying the shares directly in the market.

It seems that your ability to understand is really limited, so you can predict that your investment career may not be very satisfactory.

Based on my previous analysis, I believe that the price of Prolexus must be at least less than 0.40 to be a low-risk investment. If the fundamentals of Prolexus really as I have judged, it will inevitably happen and fall to at least 0.40.

This is the result of fundamental changes, and it cannot happen just because someone says a few words.

Of course, it is also possible that my judgment was wrong. At that time, I had to self-examine which link I had neglected or judged incorrectly, so that I could learn and grow from it.

As investors, we must look at the analysis of various angles and positions rationally, and should not always use emotional language violence, which is not decent.

It takes time for fundamental changes to feedback on reality, so I said that the next two quarterly earnings reports will verify whether my guess is correct.

I have mentioned many times that when the price is at least below 0.4, I will pick it up easily. That will be the best time. It depends on whether you believe my analysis or not. Of course, the scammer would definitely not support me, because I broke their plan.

I am not a "saint". But I am a conscientious investor and analyst. I learned how to see a deeper layer of hidden information from the financial statements through the continuous in-depth analysis of Prolexus.

At the same time, observe the Prolexus management team's management performance as these facts are gradually revealed. Frankly speaking, I was even more disappointed.

It seems that those scammers have escaped most of the warrant. Those who were deceived by them are pitiful.

But I still have to advise ordinary investors, kindly advice, their performance will definitely decline severely in the next few quarters. Pay attention to the risks.

I look forward to them continuing to raise prices, which is definitely a good thing for investors who are trapped in it. If you don't lift it up, we all will look down on you!

Most of the noise here is a group of vested interests. They can't refute my point of view from the data, they just can insult. This is their standard and level.

Congratulations on successfully escaping from WARRANT yesterday, this is their usual trick, coaxing everyone into the arena, and then fleeing by themselves. If you receive their temptation to enter the arena, you may have to be careful.

@ Alvin1188. Relax, don't be so nervous. I am look forward to the day when the quarterly report is released and the performance will slap you on the cheek loudly.

In response to various speculations, Prolexus couldn't bear it and decided to buy buy buy....

Congratulations everyone....

But is this a sign of prosperity in order to conceal the truth?

In any case, as long as everyone makes money is a good new. It will be announced later whether Prolexus shareholders are buying the stock.

Research is an interesting thing. It can help us dig out the truth of the facts and find the logic of the evolution of things. It will enrich our imagination and analytical ability. This will be a great asset. I will continue to study Prolexus to verify my views and let me become a great analyst.

For example, after my seemingly negative sharing, purchasing power has flooded into it today. What about the logic of this and the show of the next trend?

It turns out that my comments can stimulate the dealer to buy, which is really great. It's interesting.

I look forward to today's continued boom. If you want to arbitrage, you can arbitrage now. If you want to influx, then you can continue influx. It's good for everyone to be happy.

I am also looking forward to the final result of my research after the QR come out.

Prolexus going to bankrupt soon. I don't agree with the view, because none of their situation has reached such a pessimistic point. The core reason is they still have the resources can be dissipating or wasting. You can fully understand my point of view through the following links:

https://klse.i3investor.com/blogs/karadis/489280.jsp

I am very happy that you can participate in the discussion, Baby.

As I shared below:
https://klse.i3investor.com/blogs/karadis/2021-03-12-story-h1542152839-Based_on_the_severe_operating_conditions_will_Prolexus_8966_may_face_th.jsp


"First, let's look at the following key contents of Prolexus's financial report:

a. 24. Borrowings
b. 18. Cash and Bank Balances,
c. Statement of Cash Flow
Understand that:

Total Borrowings = RM 94,198,000
Cash and Bank Balances = RM90,198,000
Loan - Repayment / Dividend Paid / Payment = 12,129,000


According to data, Prolexus has more than 3,000 employees. We assume that the average salary per person is RM 2500/month, which represents the monthly fixed labor cost expenditure = RM 7,500,000 (Yearly = RM 90,000,000)


Is it mean that:

Thinking points 1:
Their Cash and Bank Balances can support 1 year's fixed labor cost, if there is no order income at all. Of course they still have income although their revenue decline, but this is warning that their fixed cost (single labor cost) is very high in the case of order reduction, cash flow will turn to negative cash flow. So there is a great possibility that they will plan to “lay off” employees!

Cash and Bank Balances = RM90,198,000
Fixed labor cost = RM 90,000,000


Thinking points 2:
Their Cash and Bank Balances can support 7.4 years of Bank’s Loan-Repayment / Dividend Paid / Payment:

Cash and Bank Balances = RM90,198,000
Loan - Repayment / Dividend Paid / Payment = 12,129,000


Although Their Cash and Bank Balances can support 7.4 years of Bank’s Loan, but the money is liquid, it needs to flow according to the actual needs, such as salary payment, turnover of raw materials purchasing and etc.. So the actual support period may only be less than 2 years."



-------- Mean that, we should not just can't simply judge the company's fundamentals based on the level of Quick Ratio, we need to consider their current actual operating conditions, especially the historical financial data presents the facts that have occurred, not the current performance, and there is a problem of lag. This is why the last quarter's financial report was good, but the share price has been declining ever since.

I strongly believe you are the insider in Prolexus according to what you were sharing. Could you please share some in-depth information for us to gossip? Don't run away from my question!

Quick Ratio only 0.345 only? Is it true?

A company with a quick ratio of less than 1 means that it is currently unable to repay liquidity resistance.

That means that if the deterioration continues, the company may go bankrupt due to poor cash flow!


What Is the Quick Ratio?
The quick ratio is an indicator of a company’s short-term liquidity position and measures a company’s ability to meet its short-term obligations with its most liquid assets.

Key Takeaways:
The higher the ratio result, the better a company's liquidity and financial health; the lower the ratio, the more likely the company will struggle with paying debts.

According to Sujibaby's previous history sharing, it is obvious that she has a full understanding of Prolexus, and may even be a member of the board of directors. No wonder she knows about the internal fighting incident.

Some people ousted the Executive Chairman?

Poor operation, abandoned by the brand, stocks continue to fall, the board of directors internal fighting, and sells the company's stock. It seems that everything is not simple.

These data is analyzed according to last year's financial report (2020/07), and it has been half a year since now.

According to the stock price decline trend in the past few months, it is obvious that the problem has gradually been exposed. Just like Sujibaby's internal news, the problem has worsened due to internal politics and infighting events. Ahmad Mustapha Ghazali began to sell his stocks and quit from the Board of Directors during that time period.

Based on the severe operating conditions, will Prolexus (8966) may face the cruel fact of layoffs?

https://klse.i3investor.com/blogs/karadis/2021-03-12-story-h1542152839-Based_on_the_severe_operating_conditions_will_Prolexus_8966_may_face_th.jsp