Posted by whistlebower99 > 1 month ago | Report Abuse
FOR NEWBIES
VINVEST CAPITAL HOLDINGS BERHAD (Formerly know as Vivocom Intl Holdings Berhad)
Many long term retail investors incurred huge losses listening to directors promising plans for the company which eventually had share consolidation of 10:1
SHARES CONSOLIDATION IN 2020 :-
On behalf of the Board of Directors of Vivocom, UOB Kay Hian wishes to announce that based on the issued share capital of Vivocom with effect from 5.00 p.m. on 3 November 2020 ("Entitlement Date"), 5,664,539,071 ordinary shares in Vivocom have been consolidated into 566,451,610 ordinary shares in Vivocom ("Consolidated Shares"), and the total number of outstanding warrants 2018/2023 ("Warrants E") of 1,132,906,538 will be adjusted to 113,289,563 Warrants E ("Consolidated Warrants E") pursuant to the Share Consolidation.
===================
Directors good in fund raising via shares issuance to ESOS, PP, RI, asset acquisition, share swap (EAH)
====================
NOSH = 969,100,075
WE = 107,472,345
Maturity 2023-08-22
Strike value 0.5000
=====================
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