PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT LAMBO GROUP BERHAD
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT Description LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") - MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND RULE 8.03A OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("AMLR") Reference is made to the Company’s announcements dated 22 August 2022 (“First Announcement”), 26 August 2022, 1 September 2022, 6 October 2022, 13 October 2022, 10 November 2022, 1 December 2022, 28 December 2022 and 3 January 2023 in relation to the Company being classified as an affected listed corporation pursuant to Rule 8.03A of the AMLR and the Company’s announcement dated 31 January 2023 in relation to the Company being classified as a GN3 company as a result of the Company triggering the prescribed criteria under paragraph 2.1(f) of GN3 of the AMLR.
The Board of Directors of the Company wishes to announce that the Company is still in the midst of formulating a regularisation plan to address its financial condition and the Company shall make the necessary announcement in relation to the development on the above matter.
The Company has approximately 7 months to submit its regularisation plan to the relevant authorities.
This announcement is dated 2 February 2023.
Announcement Info Company Name LAMBO GROUP BERHAD Stock Name LAMBO Date Announced 02 Feb 2023 Category General Announcement for PLC Reference Number GA1-31012023-00115
Kindly refer to the Company's announcement dated 31 January 2023 on LAMBO's classification as Guidance Note 3 company.
Announcement Info Company Name LAMBO GROUP BERHAD Stock Name LAMBO Date Announced 02 Feb 2023 Category Investor Alert Announcement Reference Number IIA-02022023-00001
Lambo Group Bhd has been classified as a Guidance Note 3 company. Lambo said it was still in the midst of formulating a regularisation plan to address its financial condition, and it had approximately seven months to submit its regularisation plan. Previously, its external auditors had expressed a disclaimer of opinion in the company's consolidated audited financial statements for the 16-month period ended Sept 30, 2022, concerning Lambo’s subsidiary Fujian Accsoft Technology Development Co Ltd.
Bagus, tangkap semua , tak peduli najib ka, jho low, dll ... Terbaik
In the case before Judge Muhamad Anas, Foo was charged with 10 counts of receiving and disposing of RM9.6mil, believed to be proceeds from unlawful activities, while the remaining 12 charges, involving transferring and disposing of RM18.4mil, were before Judge Norazalin.
He was alleged to have received the money through cheques and transferred it online from a bank account belonging to the company into his own personal account and several other company accounts.
The offences were allegedly committed at two bank branches in Bangsar and Bandar Puteri Puchong between Feb 2018 and Dec 2020.
The charges were framed under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 and punishable under Section 4(1) of the same law, which provides imprisonment for up to 15 years and a fine of not less than five times the amount or value of proceeds from the unlawful activities or RM5mil, whichever is higher if found guilty.
Deputy Public Prosecutor Muhammad Zulfadli Mohd Nawawi prosecuted in both cases, while Foo was represented by lawyer Tuw Min Ric.
0018 LAMBO LAMBO GROUP BERHAD PRACTICE NOTE 17 / GUIDANCE NOTE 3 PRACTICE NOTE 17 / GUIDANCE NOTE 3 LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY")- MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND RULE 8.03A OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("AMLR") You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Multi year losses, multi quarter losses 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 6. Repeat step 1 to 5
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show Multi year losses, multi quarter losses 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 6. Repeat step 1 to 5
0018 LAMBO LAMBO GROUP BERHAD Change in Boardroom Date of Change: 16/03/2023 Type of Change: Retirement Designation: Director Directorate: Exec Name: ZHUANG GUOHUA Age: 49 Country: Nationality: China Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 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 6. Maybe change company name to 'hide' the past from new investors 7. Repeat step 1 to 6
==================== After the last share consolidation, NOSH = 1,540,499,046 exceeding 1.5 BILLION shares again due to directors frequent fund raising via share issuance to PP, ESOS, RI, etc diluting shareholders equity % and EPS
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc
=================== Directors might continue to raise fund via shares issuance to PP, ESOS, RI, etc
=========== PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
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List of high NOSH penny stocks with shares consolidation :-
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
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Posted by Good123 > 2023-02-02 22:44 | Report Abuse
Kalau tak didakwa dan dihukum tak takut
PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT
LAMBO GROUP BERHAD
Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY")
- MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND RULE 8.03A OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("AMLR")
Reference is made to the Company’s announcements dated 22 August 2022 (“First Announcement”), 26 August 2022, 1 September 2022, 6 October 2022, 13 October 2022, 10 November 2022, 1 December 2022, 28 December 2022 and 3 January 2023 in relation to the Company being classified as an affected listed corporation pursuant to Rule 8.03A of the AMLR and the Company’s announcement dated 31 January 2023 in relation to the Company being classified as a GN3 company as a result of the Company triggering the prescribed criteria under paragraph 2.1(f) of GN3 of the AMLR.
The Board of Directors of the Company wishes to announce that the Company is still in the midst of formulating a regularisation plan to address its financial condition and the Company shall make the necessary announcement in relation to the development on the above matter.
The Company has approximately 7 months to submit its regularisation plan to the relevant authorities.
This announcement is dated 2 February 2023.
Announcement Info
Company Name LAMBO GROUP BERHAD
Stock Name LAMBO
Date Announced 02 Feb 2023
Category General Announcement for PLC
Reference Number GA1-31012023-00115