Types of corporate proposal ESOS Details of corporate proposal Exercise ESOS No. of shares issued under this corporate proposal 20,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1260 Latest issued share capital after the above corporate proposal in the following Units 207,216,675 Issued Share Capital ($$) Malaysian Ringgit (MYR) 136,719,337.140 Listing Date 16 Feb 2023
================== Directors continue to collect more money from share issuance to PP, ESOS, RI Quick and easy profits for staff and directors selected PP investors
Long term investors like john, david, tony, etc still have to pray for price to reach 72sen to breakeven for rights issue shares
=================== NOSH still very low at 207,216,675 Expect directors to raise more fund via more shares issuance to PP, ESOS, RI or friendly asset acquisition
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
=============== The Board of Directors of FEHB wishes to announce that FEHB has on 9 February 2023 and 10 February 2023 incorporated two (2) new wholly-owned subsidiaries, namely Fast Assets Sdn. Bhd. (“FASB”) and Fast Technology Sdn. Bhd. (“FTSB”) respectively under the Companies Act, 2016 (“the Incorporation”).
2. INFORMATION OF FASB FASB was incorporated on 9 February 2023 with an issued share capital of RM100,000.00 comprising 100,000 ordinary shares. FASB has not commenced business since its incorporation.
The intended principal activities of FASB are investment holdings, trading in residential and commercial properties and managing of properties activities.
3. INFORMATION OF FTSB FTSB was incorporated on 10 February 2023 with an issued share capital of RM100,000.00 comprising 100,000 ordinary shares. FTSB has not commenced business since its incorporation.
The intended principal activities of FTSB are wholesale, distributor, retail sale for mobile devices, electronic products and other components for electronic applications.
============== Take note diversification of business. Good or not ?
Directors can start to use the massive fund raised from shares issuance to PP, ESOS, RI for new business setup and acquisition, etc
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
this con company BOD unethical, more focus on issue more cheaper share to cash out and earn money. i will cabut after break even or small loss. Good luck
Directors must have very "good reasons" to diversify their business into more sectors 1. oil bunkering 2. investment holdings, trading in residential and commercial properties and managing of properties activities. 3. wholesale, distributor, retail sale for mobile devices, electronic products and other components for electronic applications.
NOSH still very low at 207,216,675 after the recent rights issue and share consolidation
No worries, lots of shares could be issued before NOSH hitting BILLION shares again if new business ventures lose money or need capital injection
According to EIA, global liquids fuel consumption in the forecast increases from an average of 99.4 million barrels per day (b/d) in 2022 to 102.3 million b/d in 2024, driven primarily by growth in China and other non-OECD countries.
lets go for upcoming AGM, and ask the BOD if high or lower oil price benefits the revenue of the company, before putting fantasy and syok sendiri statement here. I won't be suprised if higher turnover with higer net loss, which will be declared in Q4 financial result. Dont want to ride the train to Bushan...
More business diversification needs more funding Current NOSH is very low 207,216,675 shares only Can issue more shares for RI, PP, ESOS to raise more money or for asset and business acquisition.
Good for directors, will get more money from share issuance Sad for long term shareholders like john, dave, toney, etc, ,dilution to their shareholding equity %
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....
cckenn88
123 posts
Posted by cckenn88 > 2023-02-14 16:44 | Report Abuse
FAST going too fast right now, too late to jump back in?