Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
One of the fastest to complete a new glove plant with production but sad , it is short lived. It is consider good compared with many out there still fixing and piling foundation for their glove plant. Or worst some even raised fund , talk a lot and probably will never see a screw of the glove plant. If it do not kill you, it make you stronger.
Still so many believing or stuck in this stock?! Look at the number of shares this stock should probably be priced at 0.005 Being able to sell at 0.1 is considered a bonus....
cost of sales is higher than the revenue...Meaning their business is rugi...why positive is because the so called other income, where you all don't know where it come from..simply manipulated by them. wanna show to you all earning profile. They keep mention selling glove up challenging meaning their glove business already f... up.
Their whole is not doing the right business..f..k y Mak and Choong.
PASUKGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 24 February 2023.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 in progress - VSOLAR, DOLPHIN, EDUSPEC, TECHNAX, PASUKGB
somebody might think like already reach bottom, buy at this level, because no more bid below? wrong. after consolidate, your money could further down...
AT should diversify into baby making business and convert all its glove plant into condo_me making plant. Look like this is the only option for this rotting company to stay afloat.
============= Be aware of the huge NOSH of more than 6 BILLION shares
Directors have power to propose shares consolidation and rights issue with free warrant to raise more fund from shareholders who will incur huge losses
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....
whistlebower99
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Posted by whistlebower99 > 1 month ago | Report Abuse
Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Repeat step 1 to 5