Involve issuance of new type/class of securities ? No Types of corporate proposal Private Placement Details of corporate proposal SERSOL BERHAD ("SERSOL") PRIVATE PLACEMENT II No. of shares issued under this corporate proposal 10,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.3230 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 269,278,000 Issued Share Capital ($$) Malaysian Ringgit (MYR) 28,399,557.000 Listing Date 22 Mar 2022
================= Price holding steady Issue price per share ($$) Malaysian Ringgit (MYR) 0.3230 PP investors immediately profit from market price of 0.405\F0 Directors have more money in company fund to utilise
Retail shareholders have to wait for directors to show profits from business to make money from stock price appreciation. Be prepared for more fund raising from share issuance to ESOS and PP
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.
Not many things are free in life Those bought above 0.22 before bonus issue and still holding might be carrying paper losses at current price 0.12 ================
=============== Multi year loss making company Directors not capable to increase company fund via main business Directors might propose more fund raising via shares issuance to PP, ESOS to increase company fund and resulting in dilution of shareholders equity % and EPS
Just wait to see when will NOSH hit 1 BILLION shares in near future
Directors still busy with fund raising via shares issuance.
========= On behalf of Sersol, TA Securities wishes to announce that the Board had on 6 October 2022 (“Price-fixing Date”) fixed the issue price for the Placement Shares at RM0.079 each (“Issue Price”) in relation to the Private Placement I.
The Issue Price represents a discount of approximately 9.40% to the 5-day volume weighted average market price of Sersol Shares up to and including 5 October 2022 (being the last market day immediately preceding the Price-fixing Date) of RM0.0872 per Sersol Share.
This announcement is dated 6 October 2022
========== NOSH will continue to increase with more fund raising via shares issuance to PP, ESOS, RI. More dilution to shareholder equity % and EPS
Types of corporate proposal Private Placement Details of corporate proposal SERSOL BERHAD ("SERSOL") PRIVATE PLACEMENT I No. of shares issued under this corporate proposal 48,470,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0790 Latest issued share capital after the above corporate proposal in the following Units 592,130,909 Listing Date 18 Oct 2022
================== Selected lucky PP investors making tons of money based on the issue price 0.079 and current market price 0.135
How to apply to be PP investors ?
=================== Directors might make more announcements to excite newcomers into the game
Sersol Berhad ("Sersol" or "the Company") - Appointment as an agent for the Malaysia Premium Visa Programme; This announcement is dated 25 October 2022.
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
FREE WARRANTS ISSUE OF UP TO 164,668,875 FREE WARRANTS IN SERSOL BERHAD ("SERSOL") ("WARRANT(S)" OR "WARRANT(S) B") ON THE BASIS OF 1 WARRANT FOR EVERY 5 ORDINARY SHARES IN SERSOL HELD AT 5.00 P.M. ON 11 NOVEMBER 2022 ("FREE WARRANTS ISSUE") Shareholder's Approval No Ex-Date 10 Nov 2022 Entitlement date 11 Nov 2022
================== Not many things are free in life Those baited by bonus share issue and bought at higher prices could be incurring losses Now directors giving bonus warrants to reward for big shareholders, new PP investors, and ....
Directors busy making announcement of HOA (Head of Agreement) Similar to MOU, Letter of Understanding....sama sama but called differently One way to attract newcomers to the stock ?
=============== SERSOL BERHAD ("SERSOL" OR "THE COMPANY") - HEADS OF AGREEMENT ENTERED BETWEEN SERSOL BERHAD AND NATURAL AND PREMIUM FOODS CO. LIMITED
=============== SERSOL BERHAD ("SERSOL" OR "THE COMPANY") - HEADS OF AGREEMENT ENTERED BETWEEN SERSOL BERHAD AND TAKUNI GROUP PUBLIC COMPANY LIMITED
=============== Sersol Berhad ("Sersol" or "the Company") - Memorandum of Understanding entered between Sersol e-Solutions Sdn. Bhd., a wholly owned subsidiary of the Company and Eminent Display Sdn. Bhd.
=============== Sersol Berhad ("Sersol" or "the Company") - Heads of Agreement entered between the Company and MJets Limited
================ Sersol Berhad ("Sersol" or "the Company") - Heads of Agreement entered between the Company, SMTrack Berhad, Country Heights Holding Berhad, Jiankun International Berhad, Techna-X Berhad, MQ Technology Berhad and 5G Infra Tech Solution Sdn. Bhd.
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
=============== Continue to monitor status update of HOA, MOU, many of which might be terminated after some time of no material development
Types of corporate proposal Private Placement Details of corporate proposal SERSOL BERHAD ("SERSOL") PRIVATE PLACEMENT I No. of shares issued under this corporate proposal 48,470,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0790 Latest issued share capital after the above corporate proposal in the following Units 592,130,909 Listing Date 18 Oct 2022
================== Directors good in shares issuance at attractive prices to reward lucky selected PP investors Millions profit within a month....master stroke How to apply to be PP investors?
================ Those who bought for the bonus shares have to wait longer to break-even or to reduce losses
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Changes in Director's Interest (Section 219 of CA 2016) Name MR TAN FIE JEN Total no of securities after change Direct (units) 540,690 Direct (%) 0.091 Date of notice 07/12/2022
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.