closing at 30c and sustainable..... penny stocks all behave like that... purely TA and cannot base on FA and BOD and Mgmt ..... More for speculation.....
If break below 30...... changes to go back to 10c is always there... if can sustain and move higher.... we might see the range of 40-50c..... choice is yours
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!
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....
iCashBooster
150 posts
Posted by iCashBooster > 2024-05-31 12:33 | Report Abuse
no need break also will still break downside. Mark my word