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BCM shareholders should question the directors why the company funds are used for speculation on other penny stocks

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Be aware that penny stocks directors could help and support each other's fund raising exercise via rights issue by using their company funds to subscribe, invest and speculate on the rights issue shares with free warrants if there are under-subscription by smarter retail investors and shareholders.

Upon listing of the rights shares and warrants, the penny stocks that subscribed for the rights shares will attempt to dispose off their rights shares and warrants to retail investors, punters in the market to recoup their money used in rights shares subscription.

Indirectly, those retail investors, punters who bought the shares from the original subscribers will become contributors of the fund raising exercise.

Smart move by penny stocks in supporting and helping each other's fund raising exercise !!!!

Be informed penny stock investing and speculating on another penny stock
BCM had fund raising in July 2021 collected about RM90 million from rights issue
Why are directors using the fund to invest and speculate on other penny stock?
Penny stock supporting fund raising exercise of another penny stock

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Be careful of high NOSH penny stocks that are only good in fund raising via share issuance to PP, ESOS, RI, etc

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BSLCORP rights shares and warrants listed today 15 March
Rights issue price = 0.055
Watch the price movement for a guide

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https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/


Feel free to share for read

14.5 only few lots done
You managed to sell 14.5
You are indeed god of stocks

GS

Regulator act very fast .......

https://www.theedgemarkets.com/node/659044

Bursa queries BSL Corp on share price drop

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Hope any manipulators that do right to left hand transactions to maintain high price above 10sen will be identified and put in jail

Got up to 14.5
But your tp 15-17.
Now you got sell 14.5 and you are god of stock!!!

One day directors will say price too low and difficult to push up coz of high NOSH and because of this, they will propose to consolidate the shares.
After shares consolidation, they might start to raise more fund via share issuance to PP, ESOS, rights issue again.
Company can continue to lose money but they are proud to maintain strong company fund from the fund raising.

If this happened in Singapore, all the snakes will be in lock-up already

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit, possibly with multi year losses, multi quarter losses
2. Directors might issue more MOUs, most of which will eventually be terminated after some time
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue with free warrants
6. Repeat step 1 to 5

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universe nightmare for long time

John Soh Chee Wern already locked up in Singapore
Who are behind this ???

Trading volume extremely high even though the listing date for the rights shares is 15 March 2023.
Is it possible that operators have privilege to receive their rights shares earlier than retail shareholders?

Ex-Date 16 Mar 2023
Entitlement date 17 Mar 2023

Ex price around 0.07 assuming closing price on 15 March 2023 is 0.085

Risk of price falling before 0.065 is real, based on other similar rights issue of other high NOSH penny stocks

NOSH set to increase from 620,800,959 to 2,483,203,836 shares
New warrant = 1,241,601,918

Be careful with your hard-earned money, better to avoid high NOSH low price penny stocks which can call for share consolidation in near future.

stncws

Michael Kwok

Bsl price 12.5 cents
If 11 cents can hold(on closing)
Tp 15-17 cents
4/3/23 10.13pm--------PAY ME RM150 .....

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Michael Kwok sold before the floodgate opened
He is one of the proxies
His followers paid Michael RM150 per month and lost their pants in BSL while Michael laugh all the way to the bank

Commenters in NETX looking for you
Don't keep them waiting for too long

MZM still holding nexgram, kanger, bornoil,..... apa lagi ?

After completion of rights issue of RCULS, the next possible corporate exercise could be shares consolidation then followed by more fund raising via rights issue with free warrants in near future.

Just be aware, directors have immense power to undertake corporate exercises that could cause heavy losses to retail shareholders and long term loyal shareholders

Eventually the price will drop below rights issue price of 0.055

Winners are
1. directors who managed to raise fund of RM90 million via rights issue instead of generating profits from business operations
2. operators, proxies subscribing to rights shares and excess rights shares (with free warrants), supporting directors fund raising exercise, and releasing their subscribed shares into market at averaged 0.055 or above, making profits from retail traders, punters

Losers are those bought and holding the shares above 0.055, effectively becoming the subscribers and contributors to the fund raising rights issue exercise

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Hope regulators start investigations to determine whatever possible manipulations of penny stocks prices by certain parties

Directors already got the money from rights issue subscribers
Operators, proxies create excitement to attract punters, newbies, greedy traders into the game
Now need more press releases and MOUs announcement by directors to maintain the price
Punters, newbies,greedy traders all must more careful

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Probably directors will next start to issue more MOUs or press releases to create excitement for more players to come in.

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Operators, proxies controlling more than 60% of the rights shares. Left to right hand to lure punters and newbies into the game. Wait for new warrants to be listed and released to greater fools on 15 March onwards.

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