theres buyer and seller so before you say its dump check the buy % 188m traded volume@2.5c BUY RATE 86% 147m traded volume @2c BUY RATE 61% you can say those bought 1.5c sold 2-2.5c today, but the real question is will there be people willing to sell back to you at 1.5c?
probably slowly moving back up to 2-3c next week. do remember they need to do 10 to 1 consolidate. if share price close at 0.05 etc after consolidate its 0.5 thats more attractive to con more bilis into believing.
the house always win. you can never really win against these con companies. they will bleed you dry. sure they MIGHT push up to 5c before ex date for consolidating. dont forget they have multiple tools to print money for free. right issue + warrant , PP, esos. they will always win. you may win 1 round but if greed gets the better of you prepared to lose more than you gain
T days are useless for super penny stocks. operator can keep it forever and become shareholders, as long as they have money. they have all kind of tricks to make money from the market. bad reputation = change company name share price too cheap = consolidate pocket no money = issue esos new hype in the market = MOU + fund raisings
but deep down we all know the 2c wall will never break. operator fishing for people to get trap for consolidate 10:1 then trap even further with right issue. all hope for a miracle.
2c trades finish, this week 2.5c trades next week announce date for consolidate 10:1, then dont know how market react then Right issue stock free fall. time your exit dont be so greedy. those trapped in penthouse 6-10c remember the operator flushed all and collected at 1.5-2c, they they pump to 3-5c you should take this chance to cut your losses or size down IF THE CHANCE COMES
(i) proposed consolidation of every 10 existing ordinary shares in Metronic (“Metronic Shares” or “Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and
(ii) 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”).
================== Be reminded of the proposed shares consolidation of 10 to 1, coming soon
Look at stocks with similar shares consolidation. pasukgb, lambo, sanichi, kanger, pdz, etc
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN METRONIC GLOBAL BERHAD ("METRONIC" OR THE "COMPANY") ("METRONIC SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 20 MAY 2022 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 19 May 2022 Entitlement date 20 May 2022 Entitlement time 5:00 PM
============== Note the ex-date for the shares consolidation
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 (“PROPOSED RIGHTS ISSUE WITH WARRANTS”)
============= Take note of rights issue after the completion of shares consolidation.
Need to fork out more money to subscribe for rights shares (6 rights shares for 1 consolidated share held)
=============== 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....
21spade
173 posts
Posted by 21spade > 2022-03-30 15:22 | Report Abuse
when is the consolidation happening? Exact date..anyone has the info?