NETX HOLDINGS BHD

KLSE (MYR): NETX (0020)

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Last Price

0.09

Today's Change

+0.04 (80.00%)

Day's Change

0.05 - 0.10

Trading Volume

28,339,700


33 people like this.

66,850 comment(s). Last comment by whistlebower99 1 day ago

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-01-06 07:54 | Report Abuse

>>>>>

CharlesT
14,144 posts
 Posted by CharlesT > 2019-09-25 14:05 | Report Abuse
If they still use the same tactic then shares consolidation n rights issues will be coming

FoolsGold
654 posts
 Posted by FoolsGold > 2019-09-25 14:08 | Report Abuse
facts on NETX ,

- last fin. yr, it burned up rm19 m in admin & other operational expenses , even though turnover
was only 17.5 m !

at this rate, the 31m will soon be evaporated within 1.5yrs, real need to raise money again soon


- its share capital is a whooping 3.273 billion shares
to make 0.1 sen net profit per share, it need to have net profit of rm3.273 m, which it cant even deliver

- NETX has the unique distinction of being one of the 3 ACE stks that trade in 1-1.5 sen level,
(the others are EAH & VIVOCOM)

- really scraping the bottom of the barrel of lousy ACE stks, to find a 'winner's

- its a pure gambling stk,, ideal for hard core gamblers
only 1 sen maa... but whn nxt result out, could v well dive to 0.005 sen !

CharlesT
14,144 posts
 Posted by CharlesT > 2019-09-25 14:09 | Report Abuse
Maybe 10 into 1 shares consolidation n then 5 for 1 rights issue at Rm0.10...lol

FoolsGold
654 posts
 Posted by FoolsGold > 2019-09-25 14:11 | Report Abuse
pity the employees, lose their hard earn money, tells a lot on their mgmt..
you trust your money with this company ah ?
Good luck...

stncws
9,522 posts
 Posted by stncws > 2019-09-25 14:36 | Report Abuse
10in1 baru goremg

bargadcapital
190 posts
 Posted by bargadcapital > 2019-09-25 14:54 | Report Abuse 
kwap comin in

FoolsGold
654 posts
 Posted by FoolsGold > 2019-09-25 15:09 | Report Abuse
Asiabio was sold on tp 8 sen, remember ?

could be the guy responsible got a real shelling, when NETX fell to 1 sen,

n thought up a desperate promo campaign on NETX via a win-win formula..

kasim Insider(a substantial shareholder)
Aug-2019 Asiabio Capital sdn bhd Acquired 103,000,000 shares
25/09/2019 2:36 PM

CITADEL
1,858 posts
 Posted by CITADEL > 2019-09-25 15:12 | 
Post removed.Why?

>>>>

>>>>

calvintaneng
49,412 posts
 Posted by calvintaneng > 2019-09-25 15:47 | Report Abuse 
ACCORDING TO LATEST QUARTER REPORT OF NETX

Cash and bank balances ..... Rm34,849,000 (Rm34.8 Millions) & little debt

calvintaneng
49,412 posts
 Posted by calvintaneng > 2019-09-25 15:51 | Report Abuse 
SEED MONEY IS SOWN

NOT LOSS

WHEN YOU THROW SEEDS INTO THE SOIL IT IS NOT WASTED

SOIL COVERS SEED AND HIDDEN FROM VIEW

BUT SEED GERMINATES

THEN COMES OUT YOUNG SHOOTS

LATER GROW INTO TREES

ALL GREAT COMPANIES STARTED WITH AN IDEA

AND NETX (BY THE POWER OF THE DIGITAL ECONOMY) IS AN IDEA WHOSE TIME HAS COME!!

>>>>>>

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-01-06 07:59 | Report Abuse

The first post by the hero of NETX on his promotion of NETX in 2019.

A few fellow forum participates shared their cautious remarks on this company.

However, the hero of NETX was adamant and deaf: started talking of the cash in this company.

The hero of NETX continues the same mistakes in subsequent promotions repeatedly.

Did he stop and learn from his mistakes? Pride maybe preventing the hero of NETX from doing so.

Shootup

3,247 posts

Posted by Shootup > 2023-01-26 17:53 | Report Abuse

mr calvin, can u pls sell all ur shares in netx.. the major holders dont want u get a share of netx rebounding gain... pls sell for the good of all your supporters and fans

Shootup

3,247 posts

Posted by Shootup > 2023-01-26 17:57 | Report Abuse

mr calvin... pls sell and netx will rebound after that... thanks...

JJPTR

33 posts

Posted by JJPTR > 2023-01-31 12:30 | Report Abuse

NetX pays RM20 for Sungei Wang Plaza retail units that come with RM32. 8m court settlement liabilities. KUALA LUMPUR (Sept 3): Loss-making NetX Holdings Bhd is acquiring the holding companies of six retail units in Sungei Wang Plaza that have court settlement liabilities for a nominal sum of RM20.3 Sept 2021

1. LG001-D, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
2346 sq ft

2. T-136, Sungei Wang Plaza, Jalan Sultan
Ismail, 55100 Kuala Lumpur
570 sq ft

3. LG001-2, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
1173 sq ft

4. LG001-1, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
1054 sqft

5.LG001, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
656 sq ft

6. LG001(A) & (B), Sungei Wang Plaza,
Jalan Sultan Ismail, 5
279 sq ft

Lot LG001-2 and LG001-1 under the SWH Properties which is currently rented out
at monthly rental of RM31,000 and RM24,000,

I was in Sg Wang plaza few weeks ago,trying to locate those units purchase by Netx, but could not find a single one after going round for half an hour. Fishy is the feeling i
have. In case you are there, can try locate them.

Posted by whistlebower99 > 2023-02-02 10:55 | Report Abuse

FOR NEWBIES

Another quarterly result announced.
Another quarter of losses.
Directors only good in fund raising via shares issuance to PP, ESOS and asset acquisition.
Selected lucky PP investors and asset sellers....... Who are they?

===========
Quarterly rpt on consolidated results for the financial period ended 30/11/2022 | https://www.klsescreener.com/v2/announcements/view/4278287

=======
TAYOR, set realistic target

Posted by whistlebower99 > 2023-02-02 12:00 | Report Abuse

FOR NEWBIES

Profit/(loss) attributable to ordinary equity holders of the parent -10,025,000

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3325002

Multi-quarter and multi-year of losses continues even after shares consolidation and rights issue.

https://www.klsescreener.com/v2/stocks/view/0020/netx-holdings-berhad

=============
NOSH = 835,967,337
Expect NOSH to exceed 1 BILLION shares with more shares issuance by directors in near future
WC = 313,068,412

===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance

================
TAYOR

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-02-06 06:33 | Report Abuse

My observation of the promotion of NEtX by calvintaneng from 2019 to 2021. calvintaneng, to show off to his supporters, followers and his whatsapp group, claimed he sold 8 properties to buy NETX in 2019.

Conclusion and lesson for all in i3: calvintaneng should have some humility.


Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-02-07 16:28 | Report Abuse

>>>

whistlebower99

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

>>>>

This was also pointed out clearly to calvintaneng. Calvintaneng was too proud or blind to contrary comments.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-02-07 17:03 | Report Abuse

Benjamin Graham: In the short term, the stock market is like a voting machine, in the long term, it is like a weighing machine.

From 2019 to 2021, calvintaneng created a lot of promotional noises on Netx. But the market cannot be fooled. The market will value a company based on its revenues and earnings, and cash flows.

Sadly, Netx is not a well managed company. Its market cap may not have changed much over the recent years, but the amount of dilution of its shares is definitely significant. A lot of capital raised by this company through right issues has vanished without much output noted.

Shootup

3,247 posts

Posted by Shootup > 2023-02-09 13:10 | Report Abuse

how to dispose all the shares in hand now when there is no transaction at all, no buy volume ?????

Posted by whistlebower99 > 2023-02-10 10:44 | Report Abuse

FOR NEWBIES

PRIVATE PLACEMENT OF UP TO 167,193,400 NEW ORDINARY SHARES IN NETX, REPRESENTING UP TO APPROXIMATELY 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF NETX, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED AT A LATER DATE

============
On behalf of the Board, Malacca Securities Sdn Bhd wishes to announce that Bursa Securities had, vide its letter dated 7 February 2023, resolved to approve the application for a further extension of time of 6 months from 24 December 2022 until 23 June 2023 for the Company to complete the implementation of the Private Placement pursuant to Rule 6.60(1) of the Listing Requirements.

This announcement is dated 7 February 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3326156

===========
Slowly but surely for directors to issue new shares.
Maybe let price drop lower to set lower issue price for selected PP investors to make more handsome profits.


Directors good in fund raising via share issuance to PP, ESOS, RI, asset acquisition
Directors still unable to bring in profits from main business operations

============
TAYOR

Posted by whistlebower99 > 2023-02-10 10:44 | Report Abuse

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

Shootup

3,247 posts

Posted by Shootup > 2023-02-15 21:15 | Report Abuse

right issue coming soon.. 3 yrs gone since the last issue

Good123

21,377 posts

Posted by Good123 > 2023-02-17 00:06 | Report Abuse

FORENSIC AUDIT DAN MACC INVESTIGATION OTW KOT? HAHAHA

Good123

21,377 posts

Posted by Good123 > 2023-02-17 00:08 | Report Abuse

APA PUNYA LANCIAO SYKT... SEMUA PENGARAH TAIK

stockraider

30,825 posts

Posted by stockraider > 2023-02-19 14:46 | Report Abuse

Sell lah!
Do npt waste time loh!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-02-24 07:19 | Report Abuse

Chapter 20 - “Margin of Safety” as the Central Concept of Investment

A single quote by Graham on page 516 struck me:

Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

Basically, Graham is saying that most stock investors lose money because they invest in companies that seem good at a particular point in time, but are lacking the fundamentals of a long-lasting stable company.

This seems obvious on the surface, but it’s actually a great argument for thinking more carefully about your individual stock investments. If most of your losses come from buying companies that seem healthy but really aren’t, isn’t that a profound argument for carefully studying any company you might invest in?

SEE_Research

4,326 posts

Posted by SEE_Research > 2023-03-01 16:09 |

Post removed.Why?

SEE_Research

4,326 posts

Posted by SEE_Research > 2023-03-01 16:22 |

Post removed.Why?

SEE_Research

4,326 posts

Posted by SEE_Research > 2023-03-01 17:38 |

Post removed.Why?

1234rich

272 posts

Posted by 1234rich > 2023-03-03 17:54 | Report Abuse

Shit Director...Do Share Consolidated before the price getting damn low now and NOSH lesser. What the hell? Then PP follow by ESOS and other making the company not healthy ..Getting worse.

1234rich

272 posts

Posted by 1234rich > 2023-03-03 18:00 | Report Abuse

Securities Commission , please review your SOP for ESOS , PP and other which always give BAD result to company share price and negative effects for the purpose of investment.

DickyMe

12,916 posts

Posted by DickyMe > 2 months ago | Report Abuse

Even after consolidation, it sinks!
This is what Calvin recommended a couple of years ago.
So many brought to Holland by Calvin.

bbc99

403 posts

Posted by bbc99 > 2 months ago | Report Abuse

see AZRB, many also brought to Holland by Calvin. After promoted kaw kaw, he disappear

stockraider

30,825 posts

Posted by stockraider > 2 months ago | Report Abuse

Should avoid this stock loh!

Bad deal mah!

bbc99

403 posts

Posted by bbc99 > 2 months ago | Report Abuse

Yalo

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

>>>>
DickyMe

Even after consolidation, it sinks!
This is what Calvin recommended a couple of years ago.
So many brought to Holland by Calvin.

23 hours ago


bbc99

see AZRB, many also brought to Holland by Calvin. After promoted kaw kaw, he disappear

5 hours ago

>>>>>

Very true indeed.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

On hindsight (20/20 vision), it was obvious calvintaneng had fed this forum with false or misleading information.

The information conveyed by calvintaneng to this forum was at best very exaggerated and at worst, false or completely fabricated.

Be wary.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Communication channels used by pump and dump schemes:
emails
SMSes
webinars
youtube channels
twitter
whatsapp
telegram
newsletters, among others.

How to stay safe?
ALWAYS do your own research and be wary of unsolicited investment offers.Go through the company financials before buying its stock.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Don't fall for every stock advice

Today, social media platforms are filled with influencers, of finfluencers, who share stock tips to investment strategies.

Pump and dump - DUMPING

Once the stock soars, those involved in the operation (insiders and brokers) engage in DUMPING the shares at a highercprice, causing a dip in stock prices.

bbc99

403 posts

Posted by bbc99 > 2 months ago | Report Abuse

Imagine Conman writes long story to entice people to buy, even up 2 sen, conman can gain huge profit and after that disspear. he appears at another stock to promote again. This tactic he uses for many many years.

Shootup

3,247 posts

Posted by Shootup > 2 months ago | Report Abuse

small company like netx can easily become pn17 member, u dont know what is the business doing, reports dont articulate well enough for deep insights into its business development, invention, detailed future plan. i hope u calvin and gang are not supporting money laundering while u all group buying into netx 4yrs ago.... 95% loss since then... HOW TO RECOVER? IS THERE STILL PROSPECT?

Good123

21,377 posts

Posted by Good123 > 2 months ago | Report Abuse

Koyak segalanya :)

Syabas kpd kerajaan perpaduan membanteras jenayah kolar putih

https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/

1234rich

272 posts

Posted by 1234rich > 2 months ago | Report Abuse

Integrity Pegawai SC menjadi?

bbc99

403 posts

Posted by bbc99 > 2 months ago | Report Abuse

CONMAN and Conman, Cal

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

1. Great minds talk about ideas
2. Good minds talk about things
3. Weak minds talk about people

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

>>>>

bbc99

Imagine *Conman* writes long story to entice people to buy, even up 2 sen, conman can gain huge profit and after that disspear. he appears at another stock to promote again. This tactic he uses for many many years.

3 weeks ago
>>>>

*Weak mind*

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

>>>

#whistlebower99#

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

>>>>

This was also pointed out clearly to calvintaneng. Calvintaneng was too proud or blind to contrary comments.

1 month ago

>>>>>


#great mind# talks on ideas



stockraider

30,825 posts

Posted by stockraider > 2 months ago | Report Abuse

Enough lah!
Stop harping on rubbish here loh!
Move on mah!

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 hours ago | Report Abuse

1. Great minds talk about ideas
2. Good minds talk about things
3. Weak minds talk about people

ybss99

27 posts

Posted by ybss99 > 2 months ago | Report Abuse

Brother of CONMAN, don't show your cannon lei, lah lei mah..........Hahaha

ybss99

27 posts

Posted by ybss99 > 2 months ago | Report Abuse

Cloneman of conman

Posted by Tuttobuno > 3 weeks ago | Report Abuse

Game over.

Calvintan is a conman ….

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

Having the right temperament is so important. It is obvious now that NETX at 1 sen per share in 2019 when promoted in this forum was a very expensive stock indeed. Hope you did not find out through directly participating in it, like a Singaporean who sold many of his houses to own this “very cheap stock.”

Summary:

“A 1 sen stock can be the most expensive and a RM 100 stock can be undervalued.”

stockraider

30,825 posts

Posted by stockraider > 3 weeks ago | Report Abuse

Btw 1 sen in 2019 is not expensive compare to its balance sheet value loh!

But it is own & run by dubious people....thus investors should avoid this type of store loh!

Raider make a mistake promoting this stock....although is very lucky to make 2 MYV on this netx play loh!

The moral of this story is to avoid dubious stock ....as company run by people that is trust worthy is a must loh!

To avoid getting kon loh!

Posted by whistlebower99 > 2 weeks ago | Report Abuse

FOR NEWBIES

VSOLAR is the latest high NOSH low price penny stock proposing to do shares consolidation !!!

This announcement is dated 9 May 2023

===================
Be careful trading high NOSH low price penny stocks

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

Long term shareholders holding at high prices will incur huge losses from share consolidation

List of penny stocks with shares consolidation :-

2023 in progress - VSOLAR, DOLPHIN, TECHNAX

2023 completed = MERIDIAN, PASUKGB, EDUSPEC

2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

====================
TAYOR, don't be caught in share consolidation exercise

Posted by whistlebower99 > 1 week ago | Report Abuse

FOR NEWBIES

PRIVATE PLACEMENT OF UP TO 167,193,400 NEW ORDINARY SHARES IN NETX, REPRESENTING UP TO APPROXIMATELY 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF NETX, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED AT A LATER DATE

The Board of Directors of NETX Holdings Berhad (“NETX” or “the Company”) wishes to announce that the Company and Malacca Securities Sdn. Bhd. (“Malacca Securities”) have mutually agreed to terminate Malacca Securities’ services as the Principal Adviser and Placement Agent of the Company in respect of the Private Placement with effect from 19 May 2023 (“Termination”).

Following the Termination, TA Securities Holdings Berhad has been appointed as the new Principal Adviser and Placement Agent of the Company in respect of the Private Placement.

This announcement is dated 19 May 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3353231

https://www.klsescreener.com/v2/announcements/view/4830413

https://www.klsescreener.com/v2/stocks/view/0020/netx-holdings-berhad

=================
Be prepared for directors to raise more fund via massive share issuance to PP or even ESOS

Company fund will increase further
Directors have more money now to purchase more shop lots in Bukit Bintang or Sg Wang
Directors also have power to issue shares to acquire assets from friendly parties at good price

Retail holders will see their shareholding equity % diluted

=================

Posted by Investgaogao > 4 days ago | Report Abuse

'Shell' company for money laundering

Posted by whistlebower99 > 1 day ago | Report Abuse

FOR NEWBIES

PRIVATE PLACEMENT OF UP TO 167,193,400 NEW ORDINARY SHARES IN NETX, REPRESENTING UP TO APPROXIMATELY 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF NETX, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED AT A LATER DATE

On behalf of the Board, TA Securities wishes to announce that the Board had on even date (“Price-fixing Date”) fixed the issue price for the Private Placement at RM0.045 per Placement Share (“Issue Price”).

The Issue Price represents a discount of 10.00% to the 5-day VWAP of NETX Shares up to and including 26 May 2023 of RM0.050, being the last market day immediately preceding the Price-fixing Date.

This announcement is dated 29 May 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3356022

===========
Directors set low issue price for PP investors
PP investors make quick easy profits
Retailers see their shareholding equity % diluted

============
PP investors name not announced!!!!
Who are they related to?

=============
https://www.klsescreener.com/v2/stocks/view/0020/netx-holdings-berhad

Multi year loss making company
Directors no need to generate profits from business
Directors just need to issue more shares to raise money for company fund


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