807 million shares issued since 2020 through private placement, almost doubling the NOSH. Soon there will be a cancellation of shares and issuance of more shares.. conman playbook
In conjunction with the Proposed Private Placement, the Company had on 30 April 2024 entered into 6 separate subscription agreements (“Subscription Agreements”) with Adj Prof Dr. Prem Kumar A/L Shanmugam (“Dr. Prem Kumar“), Roberto Guiati, Chan Yok Peng, Ler Pei Fen, Chow Dai Ying and Tay Guat Eng @ Tai Guat Eng (“Tay Guat Eng”) (collectively, the “Subscribers”) to subscribe for a total of 598,476,400 Placement Shares at an issue price of RM0.0320 per Placement Share (“Subscription Price”) to be satisfied in cash.
NOSH exceeded 2 BILLION shares due to directors frequent fund raising via share issuance to PP, ESOS, RI, etc causing massive dilution to shareholder equity % and EPS
========================= Another massive fund raising via massive shares issuance to PP on the way !!!
PROPOSED PRIVATE PLACEMENT OF 598,476,400 NEW ORDINARY SHARES IN GPB ("GPB SHARES" OR "SHARES") ("PLACEMENT SHARES") REPRESENTING APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES IN GPB (EXCLUDING TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board, Mercury Securities wishes to announce that the additional listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad on 8 May 2024.
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
================= CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED PRIVATE PLACEMENT OF 598,476,400 NEW ORDINARY SHARES IN GREEN PACKET BERHAD ("GPB") REPRESENTING APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES IN GPB (EXCLUDING TREASURY SHARES) ("PROPOSED PRIVATE PLACEMENT")
================= Directors continue to do massive fund raising via shares issuance to PP Also likely to do fund raising via shares issuance to ESOS, RI NOSH keep rising, soon approaching 3 BILLION shares Retail investors will see their shareholding equity % and EPS, if any, massively diluted
================== 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
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