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
23 May 2022 - Consolidation of 2,168,594,679 shares into 216,857,919 shares
13 July 2022 - listing and quotation of 1,299,562,731 Rights Share (@0.06 per share) and 433,187,525 Warrants B
NOSH as at 13 July 2022 = 1,516,420,650
NOSH as at 9 Feb 2023 = 1,531,096,683 WB = 418,511,492
=============== Directors collected about RM80 million fund raising from rights issue Directors still not able to bring in profit from business operations
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
WB = 418,511,492 Maturity 2025-07-05 Strike value 0.0600
=================== Announced EX Date Subject Ratio Offer 25 May 2022 09 Jun 2022 Rights Issue (warrant) 6.0000 : 1.0000 0.0600 05 May 2022 19 May 2022 Share Consolidation 1.0000 : 10.0000 04 Mar 2019 18 Mar 2019 Rights Issue (warrant) 2 : 1 0.0650 11 Dec 2018 21 Dec 2018 Share Consolidation 3 : 1
================== Directors good in doing shares consolidation and fund raising via rights issue, shares issuance to PP, ESOS Directors not good in generating profits from business operations Multi year loss making company, past 8 years of losses!!!! Let company continue to lose money, directors can continue to do next fund raising
Don't get caught at high price. Cheap price can get cheaper when directors decide to do another round of share consolidation.
Look at PASUKGB, share consolidation in June 2021, now proposing another share consolidation in March 2023 !!!
Oldbies got stuck at high price want newbies to come in help push up price for oldbies to sell... Be careful newbies, don't get suuck in, not easy to find your way out after that
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit, possibly showing multi year losses, multi quarter losses 2. Directors might issue more MOUs to create excitement, most of which will eventually be terminated after some time 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised, beside sustaining the quarterly losses 5. When NOSH reach unmanageable Billions of shares, directors do share consolidation, follow by fund raising via rights issue with free warrants to ask more money from shareholders 6. Repeat step 1 to 5
Notice of Interest Sub. S-hldr (Section 137 of CA 2016) BSL CORPORATION BERHAD
Particulars of Substantial Securities Holder Name METRONIC GLOBAL BERHAD
Date interest acquired 15 Mar 2023 No of securities 101,000,000 Subscription of Rights Shares and Excess Rights Shares pursuant to Rights Issue with Warrants.
Direct (units) 101,000,000 Direct (%) 5.233 Date of notice 17 Mar 2023
================== Smart directors using company fund to invest and speculate on other penny stocks
After company fund depleted, directors will raise more fund via share issuance to PP, ESOS, RI,etc Retail shareholders will see their equity % reduced further and further
Pursuant to Paragraph 9.20 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Metronic wishes to announce that the aggregate purchase consideration of quoted securities by the Company within the preceding 12 months which has not been announced, has exceeded 5% of the Metronic Group’s latest audited consolidated net assets, and the details are as below: -
a. (i) Aggregate purchase consideration within the preceding twelve (12) months
7,054,119.39 6.25%
b. Investments in quoted securities as at 17 March 2023
- Total Cost 13,840,608.35 - Total Book Value 8,810,765.39 - Total Market Value 7,117,939.00
================ Massive company fund used in stock investment/speculation ? Huge paper losses ? When company fund depleted, directors can raise more fund via share issuance ???
1. BSL CORPORATION BERHAD Particulars of Substantial Securities Holder Name METRONIC GLOBAL BERHAD Direct (units) 101,000,000 Direct (%) 5.233 Date of notice 17 Mar 2023
================== 2. M N C WIRELESS BERHAD Particulars of substantial Securities Holder Direct (units) 137,356,400 Direct (%) 12.063 Date of notice 06 Feb 2020
================= 3. Notice of Person Ceasing (29C) NETX HOLDINGS BERHAD Particulars of Substantial Securities Holder Name METRONIC GLOBAL BERHAD No of securities disposed 50,000,000 Date of notice 07 Nov 2016
================= NOSH = 1,531,096,683 even after share consolidation and rights issue in May 2022 WB = 418,511,492 Maturity 2025-07-05 Strike value 0.0600
================== When company fund depleted, directors might raise more fund via share issuance to PP, ESOS or RI causing dilution to shareholder equity % and EPS
=============== TAYOR
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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....
8899EL8899
2,107 posts
Posted by 8899EL8899 > 1 month ago | Report Abuse
MTRONIC SHAREHOLDERS,......
WHEN THE RUBBISH BOSS HAVE DUMP YOU TO FEW SEN ,.........
MEAN WHAT ?.........
MEAN THEY HAVE CRUSHED YOU TO DUST,......
TIME TO DUMP YOU INTO DUST BIN,........
TO THEM , YOU ARE JUST DIRT,.......
WORTH NOTHING !