"(i) proposed consolidation of every 10 existing ordinary shares in Metronic (“Metronic Shares” or “Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”);" ============================================
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
============== Closing price on 18 May = 0.01 Ex-date 19 May consolidated price = 0.10
====== Interesting to see the price movement from this stage until rights ex-date
Teknik pakai graf bagai lagi tak boleh pakai,last2 graf yg kasi terlungkup semua duit.Bursa Malaysia ni tempat menipu yg dihalalkan kerajaan.Jadi pandai2 la bila masa sesuai utk masuk keluar pada masa sesuai.
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)
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,496,319,636 NEW ORDINARY SHARES IN METRONIC GLOBAL BERHAD ("METRONIC" OR THE "COMPANY") ("METRONIC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.06 PER RIGHTS SHARE TOGETHER WITH UP TO 498,773,212 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS B") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS B FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 10 JUNE 2022 ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 09 Jun 2022 Rights Issue/Offer Price Malaysian Ringgit (MYR) 0.0600 Ratio (New:Existing) 6.0000 : 1.0000
Date for commencement of trading of rights 13 Jun 2022 Date for cessation of trading of rights 21 Jun 2022
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 05 Jul 2022
Acceptance and Payment 28 Jun 2022 05:00 PM Excess share application and payment 28 Jun 2022 05:00 PM
Based on price movement of other penny stocks with similar corporate exercise, be prepared for share price to drop below rights issue price if rights issue acceptance is low and lacklustre
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
================ TAYOR, set realistic target
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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....
whistlebower99
4,867 posts
Posted by whistlebower99 > 2022-05-07 16:09 | Report Abuse
FOR NEWBIES
Good to take a look of penny stocks that had undergone shares consolidation and rights issue with free warrant to raise more funds from shareholders.
Pasukgb, pdz, sanichi, kanger, lambo, mtouche, mlab, netx, etc
AGES in the process.
TAYOR