Announced EX Date Subject Ratio Offer 16 Jan 2024 30 Jan 2024 Rights Issue (warrant) 1.0000 : 1.000 0.0900 13 Sep 2022 27 Sep 2022 Share Consolidation 1.0000 : 6.0000 03 Nov 2021 17 Nov 2021 Rights Issue (warrant) 2.0000 : 1.0000 0.1200 06 Oct 2017 19 Oct 2017 Bonus Issue 1 : 3 View
===================== NOSH = 430,562,384 after share consolidation and massive fund raising via Rights Issue in Jan 2024
WA = 18,165,135 Maturity 2026-12-11 Strike value 0.7200
WB = 107,640,563 Maturity 2029-03-03 Strike value 0.0900
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
Details of corporate proposal Private placement of up to 35% of the total number of issued shares of Fast Energy Holdings Berhad No. of shares issued under this corporate proposal 5,818,966 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0928 Latest issued share capital after the above corporate proposal in the following Units 187,216,675 Listing Date 13 Dec 2022
=============== Details of corporate proposal Exercise ESOS No. of shares issued under this corporate proposal 8,064,517 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1240 Latest issued share capital after the above corporate proposal in the following Units 215,281,192 Listing Date 19 Apr 2023
================= RENOUNCEABLE RIGHTS ISSUE OF UP TO 242,192,937 NEW ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD ("FEHB" OR THE "COMPANY") ("FEHB SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.09 PER RIGHTS SHARE, ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING FEHB SHARE HELD, TOGETHER WITH UP TO 121,096,468 FREE DETACHABLE WARRANTS IN FEHB ("WARRANT(S) B") ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON WEDNESDAY, 31 JANUARY 2024 ("RIGHTS ISSUE WITH WARRANTS")
===============
13 Dec 2022 = Last fund raising exercise via shares issuance to PP 19 Apr 2023 = Last fund raising exercise via shares issuance to ESOS 31 Jan 2024 = Last fund raising exercise via RI
================ Current price = 0.06 Could be good time for directors to raise more fund via shares issuance to PP, ESOS to reward employees and selected private investors
Don't worry if you are holding 20 or 30K FAST.share which cost less than RM2K ,the BIG BOSS holding the RM 15million worth of FAST share is more FRUSTRATING than us .He need to pay interest if it is charge to a broker and also not able to clear the extra GORENG SHARES away if the shares remain stagnant for a long long time.
SANE people will not buy this share at 7 sen, knowing you need to hold maybe 1 or 2 years for the share to move up and only crazy investor like us having some spare cash buy ONLY 20K shares @ 0.065 for RM1,300 for FUN
Crazy investor will buy again if the stock drop to a very irresistible price of 0.055 sen or maybe 5 sen the better but only can buy again another 20K shares because the BOSS might be more crazy than us and push FAST all the way to 3 sen FOR FUN with low volumn when nobody want to trade this stocks.
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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....
Taywalker
53 posts
Posted by Taywalker > 2024-06-20 16:27 | Report Abuse
believe in technical chart, now is the timing to enter ....