SERSOL BERHAD ("SERSOL" OR "COMPANY") I. PROPOSED BONUS ISSUE OF SHARES; AND II. PROPOSED FREE WARRANTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
(i) proposed bonus issue of up to 457,786,000 new ordinary shares in Sersol (“Sersol Share(s)” or “Share(s)”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 1 existing Sersol Share held by the shareholders of Sersol whose names appear in the Record of Depositors of the Company at the close of business on an entitlement date to be determined later (“Bonus Shares Entitlement Shareholders”) (“Bonus Shares Entitlement Date”) (“Proposed Bonus Issue of Shares”); and
(ii) proposed free warrants issue of up to 152,595,333 free warrants (“Warrant(s)” or “Warrant(s) B”) on the basis of 1 Warrant for every 6 existing Shares held by the shareholders of Sersol whose names appear in the Record of Depositors of the Company at the close of business on an entitlement date to be determined later (“Proposed Free Warrants Issue”).
Please refer to the attachment for further details of the Proposals.
================= Good or bad ?
A reason for operator to fry up Not many things are free in this world Looks more like the making of another low price high NOSH (billion shares) penny stock.
My opinion is that share dilution does makes it more liquid for con players. If company is profitable and has growth, there is not need to print papers. Remember printing papers costs sens but by pumping thereafter with volumne, makes WHO rich ? Can it be YOU ? Answer is obvious....
most are afraid of private placement announcement. but theres a catch. PP announcement most of the time company already found investor already just need paperwork to be done. the catch is. Con man companies, which dont have core business and doing MOU proposal. PP is just Printing Paper money to dump. good value companies that has core business thats another story but its a double edge sword good thing = investor that really want in can get Large volume @cheap price, compare to buying off open market thats slow + expensive. bad thing = company has cashflow problem it may sound similar but its 2 different thing. 1 is like you need their expertise + their commitment the other is you just want their money aka AIRASIA haha PP goreng up still failed in the end
Interesting strategy by the directors. Announce Bonus Issue with free warrants. Lots of small flies jump in to scoop up the shares. Then announce a serial of small additional listings to disguise the PP announced under additional listing also. Without knowing it, those chasing the bonus issues already scoop up all the shares of the PP holders. Good luck.
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....
Kee Koon Ng
198 posts
Posted by Kee Koon Ng > 2022-01-14 12:40 | Report Abuse
Newguys0801, Sign what agreements?? All rubbish.
They are not interested in doing business. They just want to goreng this counter.