Good morning guys. Have been long and didn't comment on this counter. This counter is good for many to make money if u know how to ride on the news. Still remember the Latexx news? From 0.005 to 0.30. Great profit. Digital banking news from 0.035 to 0.13 last month. Good profit Basically this counter only ride on news. Technically nothing much we can analysis. Hope next month when our BN release the news and prior to that maybe they will goreng 1 more round before it drops back to the level of 0.01 or below. Do not have emotion to trade this counter. Buy and sell if not your money will be diluted severely. Currently is closed to 900mil shares issue out. Have to take note on this as well. Good luck guys n have a pleasant weekend.
this mqtech attempt to act like a smart alec and refuse to respond and continue to maintain its sideway 6 to 7.5range ...lets see how long Mqtech can take it...
MASSIVE FUND RAISING VIA SHARES ISSUANCE ON THE WAY
=============================== MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY")
PROPOSED SHARES ISSUANCE OF UP TO 446,819,000 NEW ORDINARY SHARES IN MQ TECH ("MQ TECH SHARES" OR "SHARES") TO BE SUBSCRIBED BY TRITON CAPITAL FUND VCC ("PROPOSED SHARES ISSUANCE")
PROPOSED SHARES ISSUANCE OF UP TO 446,819,000 NEW ORDINARY SHARES IN MQ TECH (“MQ TECH SHARES” OR “SHARES”) TO BE SUBSCRIBED BY TRITON CAPITAL FUND VCC (“PROPOSED SHARES ISSUANCE”)
========================
(a) 893,637,031 issued MQ Tech Shares; and (b) 27,871,070 outstanding options offered to eligible directors and employees of MQ Tech and its subsidiaries (“MQ Tech Group” or “Group”), pursuant to the Company's existing share issuance scheme (“SIS”) (“SIS Options”), which are exercisable into new MQ Tech Shares at an exercise price of RM0.0605 per MQ Tech Share.
For illustrative purpose throughout this announcement, the Subscription Price is assumed at RM0.0573 per Subscription Share, representing approximately 85.00% of the 5D-VWAP of MQ Tech Shares up to and including the LPD of RM0.0674
============================ The Subscription Shares to be subscribed by the Subscriber is not subject to any moratorium throughout the subscription period, which means that the Subscriber may sell any MQ Tech Shares subscribed pursuant to the Subscription Agreement throughout the subscription period.
Further, the Subscriber has also irrevocably and unconditionally represented that regardless of its number of shareholdings in the issued share capital of MQ Tech acquired pursuant to the Subscription Agreement, it does not have any intention and right to: (i) nominate any person to the Board; (ii) remove or replace any person from the Board; or (iii) participate in the management of MQ Tech.
Hnmm, MQTech's QR result improved which is quite shocking to me. According to the report, the increase in profit is mostly from the increase in sales of precision and fabrication tools.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING
MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") PROPOSED SHARES ISSUANCE OF UP TO 446,819,000 NEW ORDINARY SHARES IN MQ TECH ("MQ TECH SHARES" OR "SHARES") TO BE SUBSCRIBED BY TRITON CAPITAL FUND VCC ("PROPOSED SHARES ISSUANCE")
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....
Srsm Trader
359 posts
Posted by Srsm Trader > 2022-02-15 08:23 | Report Abuse
anytime now.