Posted by MZM2511 > 2021-09-07 16:39 | Report Abuse

In general, share consolidation is perceived negatively, especially by investors. When investors see the stock price plummet, share consolidation will be seen as an accounting tactic to save the image of a company that is not performing well. As a result, they usually sell the company's shares, which eventually brings down the price again.

However, as bad as it seems, share consolidation might be able to boost the stock value and the company's prospects. This, quite frequently, attracts new investors to the company and helps resurrect its fortunes.

Posted by whistlebower99 > 2021-09-07 16:54 | Report Abuse

RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,861,936,149 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD ("KANGER") ("KANGER SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING KANGER SHARE HELD, TOGETHER WITH UP TO 2,861,936,149 FREE DETACHABLE WARRANTS IN KANGER ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR, AS AT 5.00 P.M. ON MONDAY, 30 AUGUST 2021 ("RIGHTS ISSUE WITH WARRANTS")

KANGER is undertaking above RI to purchase 126 units of serviced suite at ANTARA@Genting Highlands for RM142 million from Aset Kayamas. It is a new development to be completed in 2024 if no delay.

Today is last day for OR trading.
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.

Posted by MZM2511 > 2021-09-07 17:00 | Report Abuse

Some are true, but many are ill intention information, misleading because only try to point on negativity only.

Posted by MZM2511 > 2021-09-07 17:06 | Report Abuse

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.

Posted by ahbah > 2021-09-07 17:11 | Report Abuse

Share consolidation ... is a BIG FIRE, burning our hard earn moni !!!

Posted by ahbah > 2021-09-07 17:21 | Report Abuse

Rights Offering ... a corn scheme, to corn us to give away our hard earn moni ?

Posted by stockraider > 2021-09-07 17:22 |

Post removed.Why?

Posted by MZM2511 > 2021-09-07 22:15 | Report Abuse

...... However, not all companies that pursue rights offerings are in financial trouble------------- If the company is REALLY 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.

MY IDEA IS BE FAIR IN MAKING CONCLUSIONS...

We are free to judge the Fintec group based on OUR own observation. He He

Posted by MZM2511 > 2021-09-08 06:50 | Report Abuse

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.

Posted by gohkimhock > 2021-09-08 10:36 | Report Abuse

of all the companies listed above by the author, how many are actually making profit? If you are speculating on loss making companies, the outcome can be very bad for you..

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2021-09-08 11:00 | Report Abuse

hot tips = hot air

i3 forum is littered with stories of the rise and fall of hot and not-so-hot stock pickers. :-)

Posted by ahbah > 2021-09-08 11:13 | Report Abuse

Which one is the best to play play for fun n entertainment ?

Posted by fazil > 2021-09-08 12:36 | Report Abuse

good information & exposure , hopefully newbies don't get trapped. buy credible , with good track record companies...do your own research and back ground check before buying any penny stock..

Posted by whistlebower99 > 2021-09-08 12:46 | Report Abuse

Newbies are born everyday. The compilation is meant to warn them to be careful if they can't resist trading these stocks.

Posted by dusti > 2021-09-08 13:00 | Report Abuse

IF YOU CHOOSE THE WRONG ONE YOU WILL BE IN DEBT FROM THE BEGINNING OF YOUR CAREER. SERIOUS!
I’LL CHOOSE NONE

Posted by JohnFook > 2021-09-09 00:00 | Report Abuse

Better do a mental check up...

Posted by 8888_ > 2021-09-09 07:03 | Report Abuse

Who?

JohnFook Better do a mental check up...
09/09/2021 12:00 AM

Posted by stockraider > 2021-09-09 08:20 |

Post removed.Why?

Posted by 8888_ > 2021-09-09 09:34 | Report Abuse

Netx stockraider don't own?

Posted by Sales > 2021-09-09 11:19 | Report Abuse

No more penny stock for me.

Posted by ahbah > 2021-09-09 16:14 | Report Abuse

Today mkt is a BIG FIRE !!!

Posted by ahbah > 2021-09-09 17:24 | Report Abuse

A bad mkt day for me today !

Posted by ahbah > 2021-09-20 11:32 | Report Abuse

Penny stocks ... also for oldies to play play for fun n entertainment during the

current pandemic !

Posted by stockraider > 2021-09-20 11:54 |

Post removed.Why?