I think should be a misreporting.

@wistlebower99. Thanks

Let the management of the company push down the price to 1 sen.

Maybe, the company not interested to do share buy back anymore in the future,
and Dato Joseph won't support to buy the share at 3 sen anymore.

But for me, let the market forces determine the share price.
We have to make decision based on our own decision on the company's share.
Don't let others TP to influence our decisions. TAYOR

whistlebower99 MZM and all Kanger loyal supporters can console each other for the under subscription.
--------------
There are positives and negatives coming with it. He He

Total valid acceptances and excess applications 1,700,011,579 60.80%

Means:
1. RM102 million collected from the RI
2. The NOSH after RI is only at 4.496 billion
3. The total units of WB is at 1,700,011,579
4. More percentage of shareholding by Mr Kuah Chong Chin

Total valid acceptances 329,594,347 11.79%

Total valid excess applications 1,370,417,232 49.01%

Total valid acceptances and excess applications 1,700,011,579 60.80%

Total Rights Shares available for subscription 2,796,130,182 100.00%

Not subscribed for 1,096,118,603 39.2%

In view that the Rights Issue with Warrants had achieved a subscription rate of 60.80%, the Board has decided to allot the Rights Shares to all applicants who have applied for the Rights Shares and excess Rights Shares in full.

The Rights Shares and Warrants B are expected to be listed on the ACE Market of Bursa Securities on 30 September 2021.

@messi. Thanks

@messi. Just give your idea on these.

In theory, all the counters have the risks related to the possibility of doing consolidation exercises.

@messi. A simple statistics:

1. MY E.G. - NOSH 7.381 billion: current price RM0.915
2. SAPNRG - NOSH 15.979 billion: current price RM0.115
3. Hong Seng - NOSH 2.551 billion: current price RM2.03
4. TAWIN - NOSH 3.414 billion: Current price RM0.14

Do you think these multi billion shares companies will be doing share consolidation?

messi More like heading to shares consolidation to reduce 5 billion shares by 10 or 20 times

--------------------
@messi. Do you have any shares of Kanger?
If not, you supposed be here as an opportunist spammer. Are you??

After all.

You suppose to avoid almost all the counters in share market.

In theory, all the counters have the risks related to the possibility of doing consolidation exercises.

You can ask wistlebower99 for clarification....

@messi More than 5 billion shares, how to pushed up. 20sen also susah, you talk usd210.

------------
A simple statistics as comparison.

1. MY E.G. - NOSH 7.381 billion: current price RM0.915
2. SAPNRG - NOSH 15.979 billion: current price RM0.115
3. Hong Seng - NOSH 2.551 billion: current price RM2.03
4. TAWIN - NOSH 3.414 billion: Current price RM0.14

messi Penny stocks can cause huge losses if got share consolidation.
----------
You suppose to avoid almost all the counters in share market.

In theory, all the counters have the risks related to the possibility of doing consolidation exercises.

You can ask wistlebower99 for clarification....

Let the management of the company push down the price to 1 sen.

Maybe, the company not interested to do share buy back anymore in the future,
and Dato Joseph won't support to buy the share at 3 sen anymore.

But for me, let the market forces determine the share price.
We have to make decision based on our own decision on the company's share.
Don't let others TP to influence our decisions. TAYOR

The brokerage firm added that investors are likely to remain optimistic on the recovery theme, focusing on recovery sectors such as construction, building material, banking and consumer as well as transportation and logistics.

https://klse.i3investor.com/servlets/fdnews/249114.jsp

It also took note of Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz's keynote address at the National Recovery Summit yesterday, where he said that the government is aiming to have 5G coverage in 80 per cent of populated areas by end-2024.

"This may bode well for 5G-related counters," it said.

@Peace99. Agree.
I considered the warrants as a free gift and the mother price was transacted at 5.5 - 6 sen, therefore decided to subscribe the RI at the last minutes. My last stand on to subscribe only if the price is at least 6.5 sen was ignored.

Before the last date of the acceptance, It's true that the price has been pushed up from the low of 4.5 sen up to the highest at 6.5 sen.

I still have "a little hope" on Kanger relating it plans on distributing Hayat-Vax vaccines.

As I said, investing is full of risks and opportunities. Hoping for the good.

@Peace99. Yes. We have to realize that investing is full of risks and opportunities. TAYOR

@wistlebower. Just applying. He He

@messi.

1. MY E.G ( 0138 ) NOSH: 7.38 billion - Current price RM0.96

2. SAPNRG ( 5218 ) NOSH: 15.979 billion Current Price: RM0.12.


Do you think these two companies will propose consolidation exercises?

----------------

Different company has a different state of financial status and with different management style.

MZM2511 @OKU_2020 a.k.a The Spammer MDP = AbdulLeman_2021 dengan multi ID
------------

Ya lah betullah tu. Dengar berita dari orang bermuka-muka banyak ni lebih baik JANGAN PERCAYA SAHAJA. MUDAH KAN? He He.

Saya berhenti dahulu lah komen kat sini. Nanti kalau ada berita saya update.

BAGI PELUANG OKU_2020 a.k.a The Spammer MDP = AbdulLeman_2021 MEROYAN SEPUAS-PUASNYA....

Nanti tolong buat lagilah 10 ID baru ye...
18/08/2021 6:07 PM

JUST A REMINDER.
FOR NEWBIES

When I concluded on the information or comments given by whistlebower99, some are true, but many are ill intention information, misleading because only try to point on negativity only.


Therefore, the main point should be asked to wistlebower99...

Does he own any shares at any counter he posted his information?


Be noted that he never give answer for this question. But:

1. If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

2. If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

@Superup96. As per yesterday's plan.
........
Wait until morning 15 Sept to decide. If the price 6.5 sen or above, I subscribe. If below than 6 sen, absolutely will not subscribe, but will not sell the existing shares.

@whistlebower99. Thanks

@newbie212. I'm going to use e-RSF if want to subscribe for the RI.

Going to use www.shareworks.com.my

-------------
Based on Kanger Abridged Prospectus (page 63).

11.5.2 By way of e-RSF
The electronic submission of the e-RSF is available to you upon your login to our Share Registrar's investor portal at www.shareworks.com.my. You are advised to read the instructions as well as the terms and conditions of the electronic submission of the e-RSF.
Entitled Shareholders who wish to subscribe for the Rights Issue with Warrants and apply for the Excess Rights Issue with Warrants by way of electronic submission of the e-RSF, shall take note of the following:-
(a) the electronic submission of the e-RSF will be closed at 5.00 p.m. on Wednesday, 15 September 2021. All valid electronic submission of the e-RSF received by our Share Registrar is irrevocable and cannot be subsequently withdrawn;

Superup96 Maybe it's good for you, not to have subscriber. Looks on the price now. Haha
-----------------
We have another 2 trading days which are 13/9 and 14/9 before the last date to subscribe and pay for the right issue on 15/9.

Hope for the price keeping in upward momentum and trading higher than 6 sen.

@Superup96. Just my plan. Wait until morning 15 Sept to decide. If the price 6.5 sen or above, I subscribe. If below than 6 sen, absolutely will not subscribe, but will not sell the existing shares.

You can make your own decision. Or any other suggestions here?? TAYOR

whistlebower99

So many ill intention information by the ill-intention spammer like you. Misleading because only try to point on negativity only.

---------------
Why Issue a Rights Offering?

Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.

However, not all companies that pursue rights offerings are in financial trouble. Even companies with clean balance sheets may use rights issues. These issues might be a way to raise extra capital to fund expenditures designed to expand the company's business, such as acquisitions or opening new facilities for manufacturing or sales. If the company is using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.

JUST A REMINDER.
FOR NEWBIES

When I concluded on the information or comments given by whistlebower99, some are true, but many are ill intention information, misleading because only try to point on negativity only.


Therefore, the main point should be asked to wistlebower99...

Does he own any shares at any counter he posted his information?


Be noted that he never give answer for this question. But:

1. If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

2. If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

whistlebower99 MZM, did you sell at 6 to buy RI at 6 for free warrant?
------------
No. I parked to sell but at higher price. If can't sell, I will use fresh fund to subscribe. Only to use my OR, without subscribing for excess.

ANYWAYS, I'M A BILIS INVESTOR ONLY. HE HE

@wistlebower99. Prices are dynamic, do own analysis and take action

MZM, did you?
-------------------

My answer is yes.

Just to re-post another comments as a conversation.

MORAL OF THE STORY IS, we also has to learn on some of the companies which had a successful and progressing after executed their RI exercises.

Different companies has a different management............ which we can't simply judge it before it's become a reality.

---------------

nubiskubissss MZM2511 >>> do you know any penny stocks which are progressing after executing their RI?
27/08/2021 10:57 AM


MZM2511 @nubiskubissss.

One of them. Look at some PP and RI done by Hong Seng. What is the state of Hong Seng right now. The company's price between 4.5 sen – RM2.04 (now)
27/08/2021 11:08 AM


MZM2511 @nubiskubissss. You can find more if you search for it.
27/08/2021 11:10 AM

Peace99 May I also add dolphin RI 6 sen and TFP 3 sen, now both are trading higher.
Current price: Dolphin = 9 sen and TFP = 23.5 sen.

27/08/2021 11:12 AM

whistlebower99 MZM, please name more loss making penny stocks RI that are positive, for education purpose
--------------
You better find it and named it in your articles so that your articles will be more objective and fair, not only giving your negative side for all the counters you did mention.

--------
MZM2511 Some are true, but many are ill intention information, misleading because only try to point on negativity only.
07/09/2021 5:00 PM


MZM2511 Why Issue a Rights Offering?

Companies most commonly issue a rights offering to raise additional capital. A company may need extra capital to meet its current financial obligations. Troubled companies typically use rights issues to pay down debt, especially when they are unable to borrow more money.

However, not all companies that pursue rights offerings are in financial trouble. Even companies with clean balance sheets may use rights issues. These issues might be a way to raise extra capital to fund expenditures designed to expand the company's business, such as acquisitions or opening new facilities for manufacturing or sales. If the company is using the extra capital to fund expansion, it can eventually lead to increased capital gains for shareholders despite the dilution of the outstanding shares as a result of the rights offering.
07/09/2021 5:05 PM

wistlebower99. MZM, now you can dig your bank account to pay for the RI shares to get free warrants.
------------------
Yes. I will pay for the subscription on 15th September, the last date of acceptance and payment.
Hopefully, at least the price will be sustained above 6 sen.

OrlandoOilSemiconIoT Contradictory
-----------
What contradictory. Read carefully. I kept the shares I bought for RI. No shares bought after Ex-date (to get the OR) that in a purpose to add into the current share holding.

While waiting for the acceptance for RI, I just did two trading transactions only.
-----------

Just for trading purposes as I feel confident that after touching 4.5 sen, the price will be pushed upward until 6 sen or above. I kept my old shares, which was bought for the RI purpose.

OrlandoOilSemiconIoT
----------
It's trading brother!!!! No need to pay with the new fund. Even 0.5 sen still a profit what???
As I said, for that transaction, I aimed for trading. Should be clear.

BilisMasin I can confirmed that all the BUY Q side is 80% FAKE Q
---------------

I think the operator is at work.

@wistlebower99. Look at my 8.9 posting. He He
-------
MZM2511 Why you think there are people willing to sell at 5.5 when the RI is 6sen ?
---------------
I think, some of them probably among the shareholders who are keep trading from the lowest price @4.5 sen.

I by myself did two small trading transactions which involved 5 sen and 5.5 sen entry price. He He
08/09/2021 12:43 PM

Maximum units can be subscribed by Mcquarie Bank = 1,205,827,550 units

Total units subscribed (up to 09 September 2021) = 970,000,000 units

Percentage of shares subscribed: 80.44 %

Outstanding balance shares unsubscribed = 235,827,550 units

Percentage of shares unsubscribed: 19.56 %

Total NOSH after the last subscription 7,960,289,529 unit of shares

whistlebower99 MZM, who are the main sellers at 6sen?
------------

Maybe you and your team.... He He.
Me!!! Not yet.

By the way: AS A REMINDER.

When I concluded on the information or comments given by whistlebower99, some are true, but many are ill intention information, misleading because only try to point on negativity only.


Therefore, the main point should be asked to wistlebower99...

Does he own any shares at any counter he posted his information?


Be noted that he never give answer for this question. But:

1. If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

2. If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

By the way: AS A REMINDER.

WOW. KEEP ACTIVE IN FAILING THE KANGER RI EXERCISE.. HE HE

When I concluded on the information or comments given by whistlebower99, some are true, but many are ill intention information, misleading because only try to point on negativity only.


Therefore, the main point should be asked to wistlebower99...

Does he own any shares at any counter he posted his information?


Be noted that he never give answer for this question. But:

1. If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

2. If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

@jmartin. Look for and read the documents: Kanger International Berhad - Abridged Prospectus and Kanger International Berhad - NPA and RSF here.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3188785

By the way: AS A REMINDER.

When I concluded on the information or comments given by whistlebower99, some are true, but many are ill intention information, misleading because only try to point on negativity only.


Therefore, the main point should be asked to wistlebower99...

Does he own any shares at any counter he posted his information?


Be noted that he never give answer for this question. But:

1. If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.

2. If his answer is NO, he probably has BAD INTENTION on the company and its shareholders

Why you think there are people willing to sell at 5.5 when the RI is 6sen ?
---------------
I think, some of them probably among the shareholders who are keep trading from the lowest price @4.5 sen.

I by myself did two small trading transactions which involved 5 sen and 5.5 sen entry price. He He

whistlebower99 You should follow mr kuah to subscribe the RI. You lose confidence in him ? You think he is foolish to pay 6sen for RI and sung master purchase ?
------------------
The confidence matter which is in discussion is just related to the situation involving my investment in the RI. The calculation about the risks and opportunities based on maths and economics theories are always to be considered.

By the way. If you suggested that my confidence on Mr Kuah is losing, It's NOT TRUE.

If it's true, I won't keep my currently held shares, even before the completion of the RI exercise.
Instead, I will hold it even if I'm not subscribing for the new right share issue.

whistlebower99 If you agree with my scenario, then get fresh fund to apply RI and then sell your original shares between closing date and listing date.
--------------------------

A good suggestion. Thank you.

I probably will follow your suggestion to use fresh fund to subscribe some RI shares, if only, at least the price of the shares at more than 6 sen on 14th and 15th of September 2021.

On the last two days of transaction, we can't sell the currently held shares in order to use it as a fund to subscribe the RI shares.

whistlebower99 If you agree with my scenario, then get fresh fund to apply RI and then sell your original shares between closing date and listing date.
----------------------
At the current price which is below its subscription price, I am not gaining confidence on the RI. It's not only because we can't sell the current shares to use it to pay for the subscription, but my stand is based on my older posting....

-------------
For example: Sell now at 5.5 sen. And then later buy RI shares @ 6 sen. Instantly we loss 0.5 sen.

Yes, we can add the value from the free Warrant B that we can have if we subscribe. We can sell it at let say 1.5 sen. The value of one share after subscription will be depend on the market price of the share after the the listing of new RI shares. The NOSH will be greater and the probabilty of the price to be pushed down also greater.

MY FOOLISH LOGIC IS, IF THE PRICE CAN'T BE PUSHED UP BEFORE THE LAST DATE OF THE RI ACCEPTANCE, I'M MORE FOOLISH TO BELIEVE THAT THE PRICE WILL BE PUSHED UP HIGHER AFTER THE LISTING OF THE NEW RI SHARES (at least in the short term after the RI share listing). IT'S THE LOGIC FROM ECONOMICS THEORIES.

@wistlebower99

Its okay. Just to test my theory. My first trial.

If the result on the theory show me the null result. Its still okay what???

I'm not going to lose anything, except just losing an opportunity.

If your suggested scenario are going to be happened, I won't subscribe the RI.
I will hold the current shares then.

OrlandoOilSemiconIoT.....

Waiting to subscribe the RI. Still hoping at least the price will touch 6-6.5 sen in incoming days before 15/9.

OrlandoOilSemiconIoT
---------------------
Its okay dear. Just to test my theory. My first trial.

If the result on the theory show me the null result. Its still okay what???

I'm not going to loss anything. Just losing an opportunity.

I won't subscribe the RI but will still holding the current shares.

whistlebower99 ........ The OR trading at 0.005 seller quote for 7 trading days is an indication that shareholders are not happy with the massive fund raising exercise.

---------------
Not necessarily TRUE.

I think the main cause is, the share price kept transacted below the right issue price. The confidence to subscribe for the right issue of shares was at low level, therefore only few shareholders has opted to buy the OR.

IF THE COMPANY LET THE SHARE PRICE BELOW THAN THE SUBSCRIPTION PRICE UP TO THE LAST DATE OF SUBSCRIPTION AND PAYMENT, I THINK THE PERCENTAGE OF SUBSCRIPTION FOR THE RIGHT ISSUE BY ITS CURRENT SHAREHOLDERS WILL BE VERY LOW.