Very impressive analysis..a master piece reference from whistlebower99 . I hope SC or Bursa, should tighten regulation to limit unnecessary fund raising for loss making companies.
VERY GOOD REMINDER TO THE INEXPERIENCED INVESTORS AND SPECULATORS TO AVOID THESE PUMP AND DUMP STOCKS. YOU WILL LOSE YOUR MONEY AFTER THE RESTRUCTURING EXERCISE OR MUCH EARLIER. I WONDER ON WHAT BASIS BURSA ALLOWS/APPROVE SUCH STAGGERING NEW ISSUE OF SHARES BY THESE LOSS MAKING COUNTERS.
they will request money from shareholders, and then use the money to buy some overvalued properties or settle some inflated invoices amount/non-exist invoices to a 3rd party, which is also being controlled by the insiders. This is how money was moving out from the company. The company is just a machine for them to look for more money from existing shareholders. It is not easy to be detected by shareholders because you don't have access to their accounting records. By the time should Securities Commission investigate the company, all money was already gone. They don't mind being a PN17 company at all..
And you as a shareholder are left with nothing worth in your hands. It is as good as toilet paper.
so whistlebower99, let's take Macpie stock as an example. I see that XOX holding shares at approx. 15c (approx. 10% share holding) (after warrant sale) and about 50% of the shares are being hold by the major share holders (last year NOV AGM approvals). So do you think XOX will sell their stake at lost (now 6c)? If not, it is time-based game for a rebound, am I correct? All this based on the assumption that they will not be entering the deal with Techninier... If they are entering the deal, it will be a game changer as the current trend would be for accumulating shares..
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Posted by Analyser > 2021-08-04 10:46 | Report Abuse
How does share consolidation caused losses to minority shareholders?