================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue as well as continue with shares issuance to PP & ESOS in near future.
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
EDUSPEC, DOLPHIN, TECHNAX are the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 13 January 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 due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 proposal in progress - MERIDIAN, VSOLAR, DOLPHIN, EDUSPEC, TECHNAX
MMAG HOLDINGS BERHAD ("MMAG" OR "THE COMPANY") SUSPENSION OF DIRECTORS
The Board of Directors (“Board”) of MMAG Holdings Berhad (“MMAG” or “the Company”) wishes to announce that the Board had on 19 February 2023, received a letter from M Jets International Sdn Bhd ("MJets") stating that the Malaysian Anti-Corruption Commission ("MACC") has raided the office of MJets on 13 February 2023 for information and documents pertaining to a report made to MACC. It was stated in the letter that due to MACC's investigation, MJets' bank accounts have been frozen.
MJets is an 80% owned subsidiary of MMAG and 20% owned by JT Aerotech Solutions Sdn Bhd (“JTAS”). MJets is fully managed by both Mr. Gunasekar A/L Mariappan and Mr. Philip Phang Kin Ming from JTAS with MMAG having limited access.
MMAG is in the midst of seeking further clarification in detail from both Mr. Gunasekar A/L Mariappan and Mr. Philip Phang Kin Ming as they are the personnel in charge of executive functions and day-to-day running without MMAG’s involvement.
MMAG wishes to announce that to protect MMAG, the business of MJets and to ensure business continuity, the Board of Directors of MMAG has decided both Mr. Gunasekar A/L Mariappan and Mr. Philip Phang Kin Ming be suspended from their executive functions at MJets with immediate effect, pending outcome of investigations by the MACC.
Further announcements shall be made in the event of material developments on this matter.
Malaysia share market....Those all penny stock below 0.50 need to Suspen...all is tipu...inclyde warrat,call warrant...Cbj,Cba......n more...if never settle n give investor Good answer...Malaysia Market.......like Old Man Push The Car...
=============== Will be good if MACC starts to investigate to uncover wrong doings in public listed companies especially low price high NOSH penny stocks with questionable businesses with years of losses surviving fund raising via massive issuance of shares followed by consolidation of shares & rights issues, causing huge losses to innocent investors
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....
surewin111
149 posts
Posted by surewin111 > 2023-01-30 20:30 | Report Abuse
walao, sold all @ 2sen, hopefully tomorrow 3.5sen