Posted by ahbah > 2021-03-13 18:00 | Report Abuse

to the Pure Land of Prosperity ?

Posted by Sslee > 2021-03-13 18:50 | Report Abuse

One of this penny stock is PA. PP with 20% discount then consolidate.
A pump and dump promoted day and night with disguise Live TA teaching by one headless chicken, a liar and a con man. + chicken

You can have a look at PA forum.

Posted by Sslee > 2021-03-13 18:52 | Report Abuse

Resolution Vote in favour Vote Against Results
No. of Shares % No. of Shares %
Ordinary Resolution 1 - Proposed Private Placement of up to 525,529,762 new Ordinary Shares in P.A. Resources Berhad ("PARB") ("Placement Share(s)") representing up to 20% of the total number of Issued Shares of PARB.
522,057,180 100.000000 0 0.000000 Carried
Ordinary Resolution 2 - Proposed Subscriptions of an aggregate of 88,891,000 Placement Shares at an Issue Price of RM0.045 per Placement Share by Datuk Seri Lau Kuan Kam, Wang Sze Yao @ Wang Ming Way and Hoe Thiam Soon, collectively, to be satisfied entirely via cash. 522,057,180 100.000000 0 0.000000 Carried

21:STATUS OF CORPORATE PROPOSALS
On 21 Jun 2019, the Company proposed to undertake a Private Placement of up to 20% of the total number of issue share of PARB to third party Investor(s). A total of 374.1m placement shares with a value of MYR16.9m were issued pursuant to the said proposal. This exercise was completed on 02nd December 2019.

Utilisation of proceeds
Proposed Utilisation: Actual Utilisation
Capital expenditure: 8,350,000: 4,392,000
Working Capital: 8,334,000: 12,370,000
Estimated expenses: 150,000: 150,000

Posted by CynicalCyan > 2021-03-14 17:15 | Report Abuse

I COMPLETELY AGREE with this article, esp. the following 2 lines:

1. "When everyone is justifying future earnings of companies with lofty valuations, that is a sign of the market overheating."

2. "Retail investors with their hard earned money should avoid getting caught up with the penny stock frenzy before it is too late."

Problem is, those penny stocks have flown to become RM1, RM2, RM3 ,RM4, RM5 stocks until retailers can't recognise them as goreng penny stocks anymore.