Only 1 hour left before RI closing.

MSM,can you tell us whether you are applying for rights with free warrants?

Sell 4.5 to buy rights at 4 to get free warrant

Loss making penny stocks cartel generating volume, right hand selling, left hand buying including right leg and left leg transactions.

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Be reminded that KANGER RI application closing date is TODAY, 15 Sep 2021 5.00pm

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Next date to watch.
Date for announcement of final subscription result 23 Sep 2021
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MZM, good luck to you, hope you can recover your earlier losses when the rights shares are listed.

Congrats to JOE Holdings for around 30% profit if dispose at 12 and 1.5

Multi-year loss making penny stock JOE HOLDING BERHAD finally see profit from Excess Rights Issue with free warrants within 2 months

Total shares = 196,310,000 shares (16.961% ) @ 0.10
WA = 145,670,000 (25.17%) free

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Expect more MOUs to move the price

TAWIN

BONUS ISSUE OF UP TO 1,494,735,376 NEW WARRANTS IN TA WIN HOLDINGS BERHAD ("TA WIN") ("WARRANTS B") ON THE BASIS OF 2 WARRANTS B FOR EVERY 5 EXISTING ORDINARY SHARES IN TA WIN HELD AT 5.00 PM ON 16 AUGUST 2021 ("BONUS ISSUE OF WARRANTS")

GOOD profit for all RI subscribers

TAWIN

RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,106,101,171 NEW ORDINARY SHARES IN TA WIN ("TA WIN SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING TA WIN SHARE HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 6 MAY 2021 ("RIGHTS ISSUE")

RI price = 6
Current price = 15

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Penny stocks big brother keep selling and buying to increase stake.

Name FINTEC GLOBAL LIMITED

1 13 Sep 2021 6,571,700. Acquired Direct Interest

Acquisition of shares from open market
Direct (units) 79,392,200
Direct (%) 9.5
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 79,392,200
Date of notice 14 Sep 2021

Posted by ipohwhitecoffee > Sep 14, 2021 1:44 PM | Report Abuse

Ultimately will drop to 10 sen?

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Total shares = 382862250

Not so soon.

Directors might do more fund raising exercise by issuing shares to ESOS, Private Placement, Rights Issue or asset acquisition.

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WHEN RI COMPLETED, ESTIMATED TOTAL SHARES = 5,592,260,364

Purchase of sung master will add 713,157,273 shares

Kuah subscription will add 769,513,179 shares

Estimated Total shares after above completed will exceed 7 BILLION shares.

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Possibility of shares consolidation is very real.

Trade wisely

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MZM,tomorrow penny stock goreng cartel might push up the price to 6.5

You still have a slim chance to contribute your money to Kuah's fund raising exercise.

WHEN RI COMPLETED, ESTIMATED TOTAL SHARES = 5,592,260,364

Purchase of sung master will add 713,157,273 shares

Kuah subscription will add 769,513,179 shares

Estimated Total shares after above completed will exceed 7 BILLION shares.

BORNOIL HAS 7,960,289,529 AND BELIEVED TO HAVE LOTS OF PROFITABLE OR POTENTIAL BUSINESSES.

MZM is a long term shareholder, he can testify.

Compared to BORNOIL, how much can Kanger price be pushed up ?

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PROPOSED ACQUISITION BY KANGER OF 1,020,000 ORDINARY SHARES OF SUNG MASTER HOLDINGS SDN. BHD. ("SUNG MASTER"), REPRESENTING 51.0% EQUITY INTEREST IN SUNG MASTER, FOR A PURCHASE CONSIDERATION OF RM94,789,436 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM51,999,999.62 AND THE REMAINING PURCHASE CONSIDERATION OF RM42,789,436.38 TO BE SATISFIED VIA AN ISSUANCE AND ALLOTMENT OF 713,157,273 NEW ORDINARY SHARES OF KANGER ("KANGER SHARE(S)") AT THE ISSUE PRICE OF RM0.06 PER KANGER SHARE; AND II. PROPOSED SUBSCRIPTION OF 769,513,179 NEW KANGER SHARES ("SUBSCRIPTION SHARE(S)") AT THE SUBSCRIPTION PRICE OF RM0.06 PER SUBSCRIPTION SHARE BY MR. KUAH CHOON CHING

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TAYOR

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Well supported by cash rich penny stock

Particulars of substantial Securities Holder
Name FINTEC GLOBAL LIMITED

10 Sep 2021 19,666,700 Acquired Direct Interest

Acquisition of shares from open market
Nature of interest Direct Interest
Direct (units) 72,820,500
Direct (%) 8.71
Total no of securities after change 72,820,500
Date of notice 13 Sep 2021

MZM, today is d-day for you.

Good luck on your decision.

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2018 - share consolidation 4:1
2021 - rights issue
???? - potential share consolidation

newbie212, your account with rakuten is a nominee account under Rakuten a/c. You cannot apply direct for the rights but have to go thru Rakuten.
Rakuten silent on this unless you know the difference and ask them about it.

You can open a direct a/c under your name. Can try MPLUS

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Shootup, take your profit, don't be greedy.

Paper profit can burn overnight.

Right hand to left hand by FINTEC and operator to bait newcomers.

Last 10 years main business yearly losses, all total RM100 mil

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FOR NEW NEWBIES

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Ex-date = 27 Aug 2021 (COMPLETED)
Ex-Price = 0.05
Price per rights share = 0.06
==========================

Trading Rights (OR) = 01 Sep 2021 - 7 Sep 2021 (COMPLETED)
OR price at 0.005 seller quote for the entire trading period
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NEXT DATE TO NOTE
Acceptance and Payment = 15 Sep 2021 05:00 PM
Date for announcement of final subscription result 23 Sep 2021
Listing Date = 30 Sep 2021
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Current Total issued share = 2,796,130,182
Assuming RI is fully subscribed,
Total issued shares = 5,592,260,364
New WB = 2,796,130,182
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From end of OR trading date ( 7 Sep 2021) to Acceptance and Payment (15 Sep 2021)

Operators might be disposing off their original shares at 6sen or more and use the sales proceed to support the RI exercise.

Wait for Date for announcement of final subscription result 23 Sep 2021
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Be reminded that the RI application closing date is 15 Sep 2021
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NB: LAMBO RI LISTING TODAY

RI LISTING TODAY 13/9/21

RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,207,787,815 NEW ORDINARY SHARES IN LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("LAMBO SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE TOGETHER WITH UP TO 483,115,126 FREE DETACHABLE WARRANTS IN LAMBO ("WARRANTS C") ON THE BASIS OF 5 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 12 AUGUST 2021

Listing date = 13/9/21

Total issued shares = 1196968046
WB = 94595020

WC = 398981138
Maturity 2024-09-06
Strike value 0.1000

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RI price = 10
10/9/21 price = 7.5

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Do own analysis and TAYOR

Purchase of sung master not yet completed, talking as though already making profit for company. Misleading newbies.

Purchase of 126 serviced units still under development and scheduled to complete in 2024 if no delay(hard to believe). Now waiting for RI completion for money to flow out to aset kayamas. Still long way to talk about profits.

So much news to boost the RIGHTS ISSUE SUBSCRIPTION rate.

https://www.nst.com.my/business/2021/09/725001/kangers-new-acquisition-sung-master-deliver-strong-profit-fy21?fbclid=IwAR04Mu44xb_K7EpvoTvi7RldPq-nVgIsXYvtzdQdYDMWLL47FZYa575je1M

Lots of money flowing out from company funds.

51.0% EQUITY INTEREST IN SUNG MASTER, FOR A PURCHASE CONSIDERATION OF RM94,789,436 TO BE SATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM51,999,999.62 AND THE REMAINING PURCHASE CONSIDERATION OF RM42,789,436.38 TO BE SATISFIED VIA AN ISSUANCE AND ALLOTMENT OF 713,157,273 NEW ORDINARY SHARES OF KANGER ("KANGER SHARE(S)") AT THE ISSUE PRICE OF RM0.06 PER KANGER

RM142 mil. for purchase of 126 units of serviced suite in ANTARA@Genting Highlands

Both transactions involving shares issuance of more than 3.5 billion shares.

Are these transactions beneficial to company and shareholders?

Bursa sentiment still sluggish due to political issues. Don't see good reason beside a more bullish Bursa, for loss making penny stocks to be bullish unless they can show continuous & consistent quarterly profits.

Just a simple MOU also can push but low volume indicating right hand to left hand transactions by goreng pisang operators.

Trade wisely, don't be deceived and trapped at high price

Good show. FINTEC GLOBAL is trying to show they collected at high price up to 17 and hoping to attract more traders to come in. But FINTEC might have collected much earlier than this round, at much lower price than 10sen or less.

Low volume indicating right hand to left hand transactions by goreng pisang operator. Not many retailers are in the game except calvin shootup and geng.

Trade wisely, don't be deceived and trapped at high price.

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