@diehard , me too , cut lose just now very fast 0.035 early morning opened , no need one second was cut lose , buy 0.165 , sold 0.035 .. really bad counter , waited 8 mths no profit.
Quarter report need delay, sign of PN 17 company. Good luck to existing shareholders that believe in fairy tales of test kits (still laughing on this).
Sold mine already, but standby for today announcement. If UMNO have solid power in the next gov, might be buying some again. Report delay might be caused by appointment of new auditor, MAYBE. TAYOR
Chairman Apandi Ali is UMNO member as I know. He was chairman of UMNO Disciplinary Board last 2 or 3 years if I'm not mistaken. Even a candidate for BN in the last GE, but lost
When I concluded on the information or comments given by whistlebower99, some are true, but many are ill intention information, misleading because only try to point on negativity only.
Therefore, the main point should be asked to wistlebower99...
Does he own any shares at any counter he posted his information?
Be noted that he never give answer for this question. But:
1. If his answer is YES, he is a F. O. O. L, because he is trying to burn his own f. o. o. l head.
2. If his answer is NO, he probably has BAD INTENTION on the company and its shareholders
MULTIPLE PROPOSALS METRONIC GLOBAL BERHAD (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS
(i) proposed diversification of the existing business of Metronic and its subsidiaries (“Metronic Group” or the “Group”) to include the design, research and development, installation, engineering, procurement, construction, commissioning and maintenance of solar PV panels, equipment and facilities and other related activities including solar leasing (“Solar Energy Business”) (“Proposed Diversification”);
(ii) proposed consolidation of every 10 existing ordinary shares in Metronic (“Metronic Shares” or “Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and
(iii) proposed renounceable rights issue of up to 1,742,433,306 new Shares (“Rights Shares”) together with up to 580,811,102 free detachable warrants in the Company (“Warrants B”) on the basis of 6 Rights Shares together with 2 free Warrants B for every 1 Consolidated Share held by the entitled shareholders of the Company on an entitlement date to be determined (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue with Warrants”).
==============================
Finally the directors decided to propose for shares consolidation and rights issue to further squeeze the shareholders for fund raising.
So easy for directors to raise probably RM100 mil (if rights issue price is 10sen)
After Kanger and Mtronic, which penny stocks will be next to join the growing list.
More and more people q sell at 0.02 but definitely no one interest to buy..People will start selling at 0.015.. Great.. Today pls drop to 0.015 with big sell queue. Tomorrow let people start selling at 0.010 then follow by 0.005.. Let me buy at 0.005
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....
FELI1305
79 posts
Posted by FELI1305 > 2021-07-19 09:09 | Report Abuse
@Diehard , cut lose ? move to others counter ?