Announced EX Date Subject Ratio Offer 07 Dec 2023 20 Dec 2023 Rights Issue (warrant) 6.0000 : 1.0000 0.1000 16 Oct 2023 27 Oct 2023 Share Consolidation 1.0000 : 10.0000 20 Oct 2017 01 Nov 2017 Rights Issue (warrant) 1 : 2 0.2500 20 Oct 2017 01 Nov 2017 Rights Issue 2 : 1 0.0500 28 Jun 2017 10 Jul 2017 Share Consolidation 4 : 1
Look at Capital Changes and Annual P/L in above link
============= NOSH = 1,992,713,801 WC = 429,676,804 After latest share consolidation and fund raising via massive rights issue, NOSH approaching 2 BILLION shares !!
Multi year loss making company 10 years losses in a row !!! (2015 to current)
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
================ Don't be caught at high price !!! Price might eventually dipped below 10sen again when directors unable to turn around the business losses
as long the price didn't go down to below 30.... I think is a good trending for future upwards..... yet to see the price test back the previous higher range of 35-40..... to be safe to go in, technically need to see the price break above 40 and sustaining..... otherwise, i would say it will trend between 30-35 range only..... not much action and not so good for traders....
Announced EX Date Subject Ratio Offer 07 Dec 2023 20 Dec 2023 Rights Issue (warrant) 6.0000 : 1.0000 0.1000 16 Oct 2023 27 Oct 2023 Share Consolidation 1.0000 : 10.0000 View
MMAG still holding strong after share consolidation and massive rights issue
NOSH = 2,000,259,001 exceeding 2 BILLION Shares again
9 years of continuous annual losses since 2015 !!!
Interesting to see how long the mighty operators can hold MMAG at high prices
=============== Expect directors to continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to continue to rise further Shareholders equity % and EPS will be further diluted with more fund raising via shares issuance
================== 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
Announced EX Date Subject Ratio Offer 07 Dec 2023 20 Dec 2023 Rights Issue (warrant) 6.0000 : 1.0000 0.1000 16 Oct 2023 27 Oct 2023 Share Consolidation 1.0000 : 10.0000 View
MMAG still holding strong after share consolidation and massive rights issue
NOSH = 2,000,259,001 exceeding 2 BILLION Shares again
9 years of continuous annual losses since 2015 !!!
Interesting to see how long the mighty operators can hold MMAG at high prices
=============== Expect directors to continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to continue to rise further Shareholders equity % and EPS will be further diluted with more fund raising via shares issuance
================== 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
the modus operandi is : rights issue -> consolidation -> rights issue -> consolidation -> rights issue -> consolidation ..... infinite times cos Bursa/SC is sleeping on the job!
old Name--> new name KSTAR--> Sinaran Dynaciate Grp--> Ingens--> MMAG (classified as GN3 company ***) MINETEC --> AIZO (latest****) AT system-> Erdasan Group bhd (latest****) FOCUS dynamic --> change fin yr from Sep to Mar (latest***) FASTRAK -> VSOLAR LITESPD -> EDUSPEC HUAAN -> TECHNAX MEDAINC -> MERIDIAN PSIPTEK - > AGES (pn17) IDMENSN -> EVD NEXTNAT -> NEXGRAM BIOOSMO -> IMPIANA-> MAGMA (latest) TECFAST-> FAST PORTRAD -> OMEDIA -> ACCSOFT -> LAMBO (SC to delist by Oct 4th,2024) TMS -> SKH -> (Vortex Consolidate) -> HM(Harvest Miracle) ETITECH -> TRIVE POWER-> INSTACO -> VIVOCOM -> VINVEST GLOSOFT -> AGLOBAL -> NETX M3TECH --> XOXTECH MACPIE --> XOXNET ASTRAL Supreme--> VIZIONE (5 merge into 1 shares, price adjust from 5c to 25c, dropping again)
Is it costly to keep changing company names? YES. 1 Government filing fees 2. Legal cost, need lawyer to prepare documents 3. Updating logo,marketing material,signboard,letterhead can be expensive 4. Domain name,website,register new trademark 5. Time,administrative,updating account, marketing material ,customer and vend or notifications 6. Resources, internal team,staff,,contractors wasting lots of time 7. IT team need to waste time updating digital asset In conclusion, companies that change name often are not productive. One can study its quarterly financial report and notice revenue as good as non-existent and loses increasing. Do you see good solid company like Public Bank change name before? The day it happen, run for your life. When you see Conmen Sdn Bhd change to Conmen-new Sdb Bhd, the SOP is to RUSH OUT not RUSH IN
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....
Jaeger
90 posts
Posted by Jaeger > 2024-06-04 06:10 | Report Abuse
Back to 20sen?