AT system drops from 30c to 1c now. Should you buy? NOSH 6B shares
How a newbie can lose 95% of his capital buying penny stocks @12c ? Penny stocks are defined as stocks with 15-30 qtrs of loses. And they are generally pennies in prices Penny stocks counter can drop from 12c to 1c easily , within 6 months , and you will lose 98% of your capital. It is worse than 1987 stock market crash . What if you wait for it to drop to 2c before buying? You will also lose 90% of your capital.
This is how it happen...
Lets say after buying @2c, it drop to 1.5c and finally @1c it goes ex 20:1.
Original 200 lots become 10 lots after 20:1 consolidation.
b4 ex 200 big lots x 2c =$4000 rgt after ex 10 big lots x 20c=$2000 rgt ,lost 50%
Now you have it ,50% wipe out on first day after ex 20:1 Your problem does not stop here.
Based on 99.99% syndicate operations, after going ex,the price keep dropping at least another 80-90% It will slowly drop from 20c to 15c to 12c to 10c to 8c to 5c to 2c. to 1c... after few months to 1 year
Your original 200 big lots b4 ex @2c($4000 rgt) now become 10 lots@2c ($200rgt) 95% wiped out. Never expose your capital to a 95% kind of loses , say NO to repeated and repeated kind of ESOS,PP,RI,MOU infested stocks.
Why penny stocks dont drop from 12c to1c in few weeks? Normally it takes few months. This is to maximise on pulling in more victims via RI, ESOS,PP etc..
AT SYSTEMATIZATION BERHAD ("ATS" OR THE "COMPANY") PRIVATE PLACEMENT
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 19 October 2022, resolved to grant the Company an extension of time until 10 April 2023 to implement the Private Placement.
This announcement is dated 19 October 2022.
============== Fund raising via share issuance to PP not completed yet. Look out for more dilution before 10 April 2023
Ini kayu buat Precision Engineering, Automation and sheet metal , Glove and Solar Energy but share price 0.01? Based on Annual report total holders over 31000++ individual.. So many get into this trouble.. Top 30 holder include a Lazarus... Ini Lazarus... appeared in most you can name it ...pennies stock
AT Systematization sues glove firm’s shareholders to recover money after cancelling acquisition
KUALA LUMPUR (Jan 5): AT Systematization Bhd is suing the shareholders of Pearl Glove (Malaysia) Sdn Bhd to recover RM4.4 million, after abandoning its planned purchase of the glove maker.
The group said its wholly-owned subsidiary AT Glove Engineering Sdn Bhd filed the suit against Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon at the High Court on Dec 31.
AT Systematization said AT Glove had signed an agreement dated June 26, 2020, with the shareholders to purchase their shares in Pearl Glove for RM3.44 million. A deposit of RM687,800 was initially paid to the shareholders.
AT Glove also advanced a loan repayment amount of RM3.71 million to Sim Guan, Lai Heng, Hai Hong Holdings and two others for monies owed to them by Pearl Glove, the group said.
It said that after a due diligence exercise was completed on Pearl Glove by AT Glove, the latter was unsatisfied with the result of the exercise.
“On Dec 11, 2020, a termination notice was issued by the plaintiff after further negotiations with the defendants were unsuccessful,” said AT Systematization.
The group said that under the terms of agreement, Pearl Glove’s shareholders are to return all money paid including the deposit and loan advance to AT Glove, after the termination notice.
It added that all attempts in the recovery of the money were futile and thus legal action was taken.
AT buy a glove company at @3.44m, but paid total of 4.44m ? how can? Already 3 years, money returned or gone ?
tehdiven5519, this company set glove mfg during covid pandemic to pop up the share price. The Boss is smart , all the shareholder that push up the price also make money. You buy at wrong time , when glove mania is already over. you should invest into the 4 big glove that already establish before the pandemic. They are really doing glove before pandemic and have power to withstand low sales price of glove.
How to predict in advance that a company is hiding a fraud? 1. The company change its external auditor very often. 2. The company change its financial years often to delay issue annual report 3. The company accountant/financial controller resign often. 4. The company ACCOUNT RECEIVABLE is 2 times higher than account payable. Money stuck or goods sold to cronies. 5. The company keep printing billions of shares to suck cash from shareholders. 6. The company seems to go to court often to "sue" a third party for not paying the debts. The 3rd part may also be the cronies actually 7. The company has almost zero revenue but still seems to survive. 8. The company seems to take huge bank loan, or 2 years later issue huge right shares "for working capital and pay bank borrowing". 9. ‘Meteoric’ rise in both revenue and profits DESPITE industry outlook, are also red flags. Say industry average growth is 5%, but this guy shows 50% growth, not one year, but last 3 years, very fishy. 10.The company only sells its product to one customer. Obviously it is easier to be in cohhort with one party instead of many parties. Goods sold become huge bad debts 11. The company buys few FERARI for its directors...Megan Media... 12. The company cash flow and profit imbalance. If its getting wider year by year, avoid. 13. The company reports FAKE revenue of billions,fake growth......to sell their bonds 14. Tyco International USA. CEO and CFO siphon off $150m USD via loans to directors. Beware of some listed NON-FINANCIAL company also having money lending license. EKRAN Ting Pek King, took 700m fromEkran via the company money lending license. $700m was never paid back. 15. NETX ,ACE counter, is holding money lending license
" Renewable Energy and Property In the renewable energy segment, sales of solar energy to Tenaga Nasional Berhad were consistent at RM0.73 million in FY2022 compared to RM0.76 million in FY2021. Profit before tax stood at RM0.3 million during the year, supported by additional rental from a new tenant and lower depreciation. A year earlier, the segment’s profit before tax of RM1.07 million inclusive of RM0.94 million reversal of impairment loss in respect of the Group’s solar PV plants. There was no change in profit before and after tax as reported by the segment. Gloves Revenue from the Group’s glove segment jumped more than four times to RM41.87 million in FY2022 from RM8.09 million the year prior, driven by higher sales of medical gloves. Loss before tax for the segment stood at RM47.15 million during FY2022 compared to profit before tax of RM0.6 million recorded in FY2021, mainly attributable to impairment loss on property, plant and equipment of RM19.84 million, impairment loss on right-of-use-assets of RM2.17 million and reduction of inventories to net realisable value by RM20.38 million. There was no change in loss before and after tax recorded by the segment........................"
there always a people like Michael when the price went down from 0.30 to 0 01...not exist all the time...when saw like buyer getting higher at left side. Good prospective...accumulate stage.... must be he bought some lot to test for luck...hehehe...Welcome on the boat...
Got FDA cert. but don't have any business export to USA. Still want to see the QR result. Hahaha.... Fool your self enough, dont fool people... it's end game... coming QR make shit, want to another next QR... you are not the fool to say this... some people said this few years ago.
Banker really easy to earn money. Buy all the 0.15sen ticket, and put huge amount of money just park at 0.15 sent. At the same time, park all the ticket at 0.20 let all believer to buy at 0.20, could take years to go... hahahahah
AT raise because of what also don't know? selling glove again? hahaha
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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....