HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
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List of high NOSH penny stocks with shares consolidation :-
Announced EX Date Subject Ratio Offer 26 Dec 2023 10 Jan 2024 Share Consolidation 1.0000 : 30.0000 27 Feb 2020 13 Mar 2020 Rights Issue (warrant) 2.0000 : 1.000 0.0350 29 Aug 2017 12 Sep 2017 Share Consolidation 3 : 1 View 07 Sep 2016 20 Sep 2016 Rights Issue (warrant) 1 : 1 0.0600 View 20 Dec 2013 03 Jan 2014 Rights Issue (warrant) 1 : 1 View
===================== NOSH = 226,192,659 after share consolidation in Dec 2023
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc
=========== Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc
After share consolidation (1:30) in Jan 2024, Current NOSH = 226,192,659
Expect directors to go for massive fund raising via shares issuance to Rights issue if directors unable to consistently generate profits from businesses
=========== Remember change of name Name not lucky or smelly, need to change to another name? Directors remain unchanged? Business remain losses every year?
“JJPTR > Company that shows these symptoms, be very careful not to touch....”
Good compilation, give you a ‘like’… On item “4. ACCOUNT RECEIVABLE is unusually high vs account payable. Money stuck or goods sold to cronies.” is a bit debatable. If it is reported in Non-Current Assets, the Term for collection is long. If it is in Current Assets, the Term is short. The reverse is the truth for Liabilities. If high value payable in Current Liabilities, the Cash in-hand much lower, then really Don't touch.. When investing, we must look at every angle, recently an example of an excellent counter with good EPS and Dividend Yield; two major shareholders sold out due to Resignation of Auditor. It is an investment risk of the unforeseen, that makes share investing interesting. Will keep some of your points in mind for further discussion, Happy Trading and TradeAtYourOwnRisk
To continues, items need approval and with option as shown below: “2. Keep changing financial years often to delay issue annual report”… Approval needed with Good Reason. Many Good Counters seek Approval due to Pandemic “5. Keep printing billions of shares(ESOS/RI/PP) to suck cash from shareholders”… Option of Not Subscribing for RI. I am Speechless for ESOS and PP as Shareholders No direct option to reverse the dilution. If afraid of Dilution, can always buy from the open Market if below subscription value. I have done this many times, sold the RI-OR and used the proceeds to reinvest at a lower price of the RI.. Please continue and hope for ‘a good discussion’...
PROPOSED CHANGE OF NAME FROM AT SYSTEMATIZATION BERHAD TO ERDASAN GROUP BERHAD
Take note change of name effective 2 Oct 2024
Smelly name changed to another name Will the business losses change to business profits ???
Same directors continue to run the company and continue to receive attractive remuneration Retail investors holding at high prices feeling helpless with huge losses
old Name--> new name KSTAR--> Sinaran Dynaciate Grp--> Ingens--> MMAG (classified as GN3 company ***) MINETEC --> AIZO (latest****) AT system-> Erdasan Group bhd (latest****) FOCUS dynamic --> change fin yr from Sep to Mar (latest***) FASTRAK -> VSOLAR LITESPD -> EDUSPEC HUAAN -> TECHNAX MEDAINC -> MERIDIAN PSIPTEK - > AGES (pn17) IDMENSN -> EVD NEXTNAT -> NEXGRAM BIOOSMO -> IMPIANA-> MAGMA (latest) TECFAST-> FAST PORTRAD -> OMEDIA -> ACCSOFT -> LAMBO (SC to delist by Oct 4th,2024) TMS -> SKH -> (Vortex Consolidate) -> HM(Harvest Miracle) ETITECH -> TRIVE POWER-> INSTACO -> VIVOCOM -> VINVEST GLOSOFT -> AGLOBAL -> NETX M3TECH --> XOXTECH MACPIE --> XOXNET ASTRAL Supreme--> VIZIONE (5 merge into 1 shares, price adjust from 5c to 25c, dropping again)
Is it costly to keep changing company names? YES. 1 Government filing fees 2. Legal cost, need lawyer to prepare documents 3. Updating logo,marketing material,signboard,letterhead can be expensive 4. Domain name,website,register new trademark 5. Time,administrative,updating account, marketing material ,customer and vend or notifications 6. Resources, internal team,staff,,contractors wasting lots of time 7. IT team need to waste time updating digital asset In conclusion, companies that change name often are not productive. One can study its quarterly financial report and notice revenue as good as non-existent and loses increasing. Do you see good solid company like Public Bank change name before? The day it happen, run for your life. When you see Conmen Sdn Bhd change to Conmen-new Sdb Bhd, the SOP is to RUSH OUT not RUSH IN
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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....
AhHuat168
298 posts
Posted by AhHuat168 > 2024-04-26 22:22 | Report Abuse
This con stock keep going to south, better cut loss and switch to construction stock