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
Multi quarter and multi year loss making company Directors not capable to generate profits from business operations Only good in fund raising via shares issuance to PP, ESOS, RI
Better to avoid Fund Raising Company No need to contribute hard earned money to others to drive luxury cars
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....
sunsetbiz
770 posts
Posted by sunsetbiz > 2023-03-16 09:51 | Report Abuse
soon will goreng till hangus lol.... su1801 dont get old later ya.....:)