Posted by Good123 > 2024-04-16 12:51 | Report Abuse

Hope the authority would disallow the right issue. Macc should investigate, etc

Posted by Good123 > 2024-04-16 16:01 | Report Abuse

jika right issue tak jadi bagus... tengok pihak berkuasa akan menolak tak hehe

Posted by Good123 > 2024-04-16 16:02 | Report Abuse

hidden hand gang mau right issue, minta wang drp pemegang syer minoriti hehe

Posted by Good123 > 2024-04-17 15:37 | Report Abuse

there are some general concerns that regulators might consider when evaluating a company’s rights issue:

Dilution of Share Value: A rights issue can lead to a dilution of share value if it’s not managed properly. If the number of shares increases significantly without a corresponding increase in the company’s value, the price per share could decrease.
Financial Health: If a company is in poor financial health, a rights issue might be seen as a desperate attempt to raise funds, which could erode investor confidence.
Use of Proceeds: The company must clearly state how the proceeds from the rights issue will be used. If the use of proceeds is unclear or not in the best interest of the company and its shareholders, the rights issue might not be approved.
Fairness to Shareholders: The rights issue must be fair to all shareholders. If the rights issue is structured in a way that disadvantages certain shareholders, it might not be approved12.
Regulatory Compliance: The company must comply with all relevant regulations and disclosure requirements. If the company fails to do so, the rights issue might not be approved

Posted by Good123 > 2024-04-24 15:55 | Report Abuse

MB's son among six remanded over document forgery, false claims involving RM600,000
TheEdge Wed, Apr 24, 2024 03:33pm - 20 minutes



KANGAR (April 24): The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.

Magistrate Ana Rozana Mohd Nor granted the remand order for all suspects from Wednesday to Thursday, following a request from the MACC to conduct investigations under Section 18 of the MACC Act 2009.

According to sources, two civil servants from the MB’s Office and the State Secretary's Office were also detained, along with contractors and owners of various companies.

“The suspects are believed to be owners of companies, contractors, and civil servants in the State Secretary's Administration Office and the Perlis MB’s Office.

“All six suspects, aged between 26 and 37, were detained in Perlis between 7am and 8am yesterday (Tuesday),” he said.

He said the case is being investigated relating to document forgery in making false claims when the project in question was not carried out. The project involved maintenance, repair, supply, and service works starting from 2022 until now, estimated to be worth RM600,000.

Meanwhile, in Putrajaya, a senior director of the Special Operations Division of the MACC, Datuk Azmi Kamaruzaman, confirmed the arrest.

Posted by Good123 > 2 months ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1270735/allegations-of-insider-trading-surface-at-mgrc

Posted by Good123 > 1 month ago | Report Abuse

Tangkap1 by 1 hehe

Bursa Malaysia reprimands, fines former executive director of Advance Information Marketing https://www.thestar.com.my/business/business-news/2024/05/27/bursa-malaysia-reprimands-fines-former-executive-director-of-advance-information-marketing

Posted by Michael Kwok > 1 month ago | Report Abuse

Buy call mlab 21-22 cents
Never underestimate dap people.got money there sure goreng.
8/6/24 5.27pm

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Date for commencement of trading of rights 03 Jul 2024
Date for cessation of trading of rights 11 Jul 2024

Acceptance and Payment 18 Jul 2024 05:00 PM
Excess share application and payment 18 Jul 2024 05:00 PM

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Jul 2024

Available/Listing Date 01 Aug 2024

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3456960

=================
Take note of important dates for the rights issue
Directors raising fund again from shareholders via shares issuance to RI
Look out for more fund raising via shares issuance to PP, ESOS

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000

After recent shares consolidation, directors busy with fund raising again via rights issue squeezing more money from shareholders

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Multi year loss making penny stock

If directors continue to raise massive funds via massive shares issuance to PP, ESOS or RI,
NOSH will hit BILLION shares again 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 or asset acquisition

Posted by whistlebower99 > 3 weeks ago | Report Abuse

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Please refer attachment below.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3461334

==============
After recent share consolidation of 20 to 1 in April 2024,
Directors going for easy fund raising via shares issuance to RI

Rights issue at 0.16
Amount targeted to raise = 217,410,867 x 0.26 = 34,785,738
that is RM34 million from shareholders !!!

Easy easy money for directors to utilise for what ?

==============
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Check P/L and Capital Changes

Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600 View
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000 View
30 Oct 2020 12 Nov 2020 Rights Issue (warrant) 6.0000 : 1.000 0.0900 View
20 Oct 2020 03 Nov 2020 Share Consolidation 1.0000 : 10.0000 View

Multi year annual losses since 2017 !!!

==================
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

Posted by TheContrarian > 1 week ago | Report Abuse

Go, go, go Mlab, thank you Michael Kwok.

Posted by JJPTR > 1 week ago | Report Abuse

Printing of 200million of toilet papers has started. Anyone chasing will be very lucky to hold it till 5c
Non-stop qtrly lossess continue, covid or no covid. The best thing is to delist this company before it suck more retailers hard earned money.

Posted by zombie321 > 1 week ago | Report Abuse

pump and dump, well done

Posted by TheContrarian > 1 week ago | Report Abuse

Always buy before the pump and sell before the dump.

Posted by TheContrarian > 1 week ago | Report Abuse

There's only 72.4 million shares and today's volume already 70.8 million.

Posted by TheContrarian > 1 week ago | Report Abuse

Eh, nobody here?

Posted by fl888 > 1 week ago | Report Abuse

95% buying and selling among themselves… 5 % victims..

Posted by whistlebower99 > 1 week ago | Report Abuse

FOR NEWBIES

Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000
30 Oct 2020 12 Nov 2020 Rights Issue (warrant) 6.0000 : 1.000 0.0900
20 Oct 2020 03 Nov 2020 Share Consolidation 1.0000 : 10.0000
28 Jul 2017 09 Aug 2017 Rights Issue (warrant) 2 : 1 0.1500 View
19 Mar 2010 31 Mar 2010 Rights Issue (warrant) 2 : 4 View

Multi year losses

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-berhad

Check P/L and Capital Changes

=====================
NOSH = 289,881,156 after share consolidation in Apr 2024

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

Posted by Daily88 > 1 week ago | Report Abuse

MALU MLAB. ALWAYS PUMP AND DUMP UNTIL EVERYBODY KNOW. NEVER NAIK PROFESSIONALLY BASED ON COMPANY PERFORMANCE.

Posted by TheContrarian > 1 week ago | Report Abuse

Go, go, go Mlab. Apa malunya Bossku.

Posted by ianmsg7007 > 1 week ago | Report Abuse

Right hand buy, left hand sell

Posted by TheContrarian > 1 week ago | Report Abuse

Mlab shares only 72.47 million but someone who isn't a shareholder blowing that Mlab NOSH is 289,881,156.

Posted by Tripaka > 1 week ago | Report Abuse

Wait till RI is out. Then different story. Lien hoe companies story

Posted by TheContrarian > 1 week ago | Report Abuse

RI expected to be undersubscribed which means NOSH will stay low.

Posted by whistlebower99 > 1 week ago | Report Abuse

Financial Year Revenue ('000) Net ('000) EPS DP% Net % Report
30 Jun, 2024 19,416 -8,896 -0.6100 -
30 Jun, 2023 22,455 -7,142 -0.5000 - 45.3%
30 Jun, 2022 20,879 -13,062 -0.9600 - 10.4% View
30 Jun, 2021 83,982 -14,586 -2.8900 - 48.4% View
30 Jun, 2020 8,318 -28,249 -3.9000 - 998.3% View
30 Jun, 2019 3,359 -2,572 -0.3800 - 17.1% View
31 Mar, 2019 4,427 -3,101 -0.4600 - 19.7% View
31 Mar, 2018 2,104 -3,862 -0.5200 - 2,212.6% View
31 Mar, 2017 2,611 -167 -0.0800 - 1,082.4% View
31 Mar, 2016 1,241 17 0.0100 - 103.5% View
31 Dec, 2015 2,161 -482 -0.3000 -
31 Dec, 2014 1,988 -1,030 -0.5800 - 41.1% View
31 Dec, 2013 1,048 -730 -0.4300 - 72.5% View
31 Dec, 2012 1,153 -2,654 -1.5800 - 28.9% View
31 Dec, 2011 1,187 -3,731 -2.4200 - 78.3% View
31 Dec, 2010 1,015 -2,093 -1.4800 - 164.3% View
31 Dec, 2009 2,869 -792 -0.7700 - 86.5% View
31 Dec, 2008 1,408 -5,860 -5.7000 - 31.7% View
31 Dec, 2007 4,955 -8,580 -8.3300 - 670.9% View

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-berhad

================
17 out of 18 years recorded losses
Directors still receiving high salaries from massive fund raising from shareholders via shares issuance to PP, ESOS, RI, etc

Doing monkey business ???

Posted by Tripaka > 1 week ago | Report Abuse

Now you see the true color....

Posted by Daily88 > 1 week ago | Report Abuse

22.5 NOW AND LATER BECOME 20. BETTER RUN

Posted by TheContrarian > 1 week ago | Report Abuse

Already sold at 27.5 sen on Tuesday.

Posted by ianmsg7007 > 1 week ago | Report Abuse

Highest tuesday was 0.34. Conned

Posted by whistlebower99 > 1 week ago | Report Abuse

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3461334

==============
After recent share consolidation of 20 to 1 in April 2024,
Directors going for easy fund raising via massive shares issuance to RI at high price of 0.16

EX DATE = 2 Jul 2024

Rights issue at 0.16
Amount targeted to raise = 217,410,867 x 0.26 = 34,785,738
that is RM34 million from shareholders !!!

Easy easy money for directors to utilise for what ?

==============
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Multi year annual losses since 2017 !!!

==================
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

=================
Cronies disposed above 0.30 and letting the price finding its own level
Possible for price to drop below rights issue price of 0.16 ???
Possible for rights issue to be under subscribed ???

Graft buster can join in to watch the show.

Posted by Tripaka > 1 week ago | Report Abuse

Habis. Matter of time back to 10 sen below. Then consolidation followed by ri. The process repeats.

Posted by Tripaka > 1 week ago | Report Abuse

Where whistleblower appears at those counters giving warning, best not to touch.

Posted by AlfI3 > 1 week ago | Report Abuse

D former major shares holder is selling it heavily to cash out b4 d new major SH to appear after RI completed soon🙄

Posted by Daily88 > 4 days ago | Report Abuse

MLAB FELL BELOW 20 TO 18. THIS CON NEVER GOES UP AFTER.

Posted by rpklim8888 > 4 days ago | Report Abuse

Sell b4 too late, will drop back to 0.13....f***king con counter

Posted by Daily88 > 3 days ago | Report Abuse

HEBAT MLAB. FROM 34 TO 16.5. TOMORROW WILL BE 16 TO 13. EVERYBODY KNOW YOUR TRICK.

Posted by JejakaDuit > 3 days ago | Report Abuse

Chill
Tomorrow can fly back
Trust 20cents

Posted by whistlebower99 > 2 days ago | Report Abuse

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Acceptance and Payment 18 Jul 2024 05:00 PM
Excess share application and payment 18 Jul 2024 05:00 PM

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Jul 2024

Available/Listing Date 01 Aug 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3456960

Multi year losses. Almost 20 years !!!
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

================
Wait for Thursday 25/7/24 for the release of subscription result.
Over or under subscribed ???

NOSH if RI fully subscribed = 289,881,156
New warrant = 86,964,346

==============
Can the price be maintained above rights issue price of 0.16 ?

Posted by Daily88 > 2 days ago | Report Abuse

16 RI PRICE. LETS GO DOWN FURTHER.

Posted by rpklim8888 > 2 days ago | Report Abuse

Hopeless counter,they just pump up the price above 0.20sen last week for investors to subscribe the RI, otherwise confirm nobody wants to subscribe,,, huhuhuhu

Posted by rpklim8888 > 2 days ago | Report Abuse

Those who subscribed 0.16 for RI,,,now get trapped,0.155 today,, tomorrow may be go lower

Posted by Daily88 > 2 days ago | Report Abuse

WHY MLAB DIDN'T ANNOUNCED THE NOS OF RI SUBSCRIBED? ALREADY MORE THAN 1 WEEK.

Posted by Daily88 > 1 day ago | Report Abuse

LOOKS LIKE 800,000 RETAILERS NOT SUBSCRIBING THE RIGHTS. ALMOST 90% SUBSCIBERS ARE THEIR OWN PEOPLE. LOOKS LIKE THEY WILL KEEP THE PRICE BELOW 16 SO THAT NOBODY SELLING. THEY WILL SELL AT 16 TO GET THE RIGHT ISSUES CASH OUT.

Posted by Daily88 > 1 day ago | Report Abuse

217 MIL TOTAL RIGHTS EQUIVALENT TO RM34.8MIL FUNDS CASHING OUT FROM MLAB TO THEIR POCKET. MAKING MONEY SO EASY FOR MLAB USING SHARES AND RIGHTS.

87MIL WARRANTS IF LETS SAY IS 5C, THAT WILL B RM4.35MIL MASUK POCKET TO MLAB BANK ACCOUNT.

SO GOOD OH MAKING MONEY MLAB.

Posted by Daily88 > 1 day ago | Report Abuse

THEY WILL ANNOUNCE CANGE OF COMPANY NAME. LETS SEE. TRICK MORE PEOPLE COMING IN TO BUY. CONLAB FROM MLAB?

Posted by Daily88 > 1 day ago | Report Abuse

NEXT GET THEIR QUALIFED ASSCOUNTANT TO PLAY WITH ACCOUNTING DRESSING TO ANNOUNCE MORE LOSSES...SO SMART

Posted by AlfI3 > 1 day ago | Report Abuse

As anticipated, it is highly under subscribed again like previous RI excercise

Posted by whistlebower99 > 23 hours ago | Report Abuse

FOR NEWBIES

The details of valid acceptances and excess applications received as at the Closing Date are as follows:

.....................................No. of Rights Shares.....% of total Rights Shares available for subscription
Total valid acceptances....................................92,627,498........42.61
Total valid excess applications.........................123,971,319........57.02
Total valid acceptances and excess applications..........216,598,817.......99.63
Total Rights Shares available for subscription............217,410,867...........100.00
Under-subscription................................................(812,050).................(0.37)

The successful applicants for the Rights Shares will be issued with Warrants on the basis of 2 Warrants for every 5 Rights Shares subscribed for.

The Rights Shares with Warrants are expected to be listed and quoted on the ACE Market of Bursa Securities on 1 August 2024.

This announcement is dated 25 July 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3467419

============
19 out of 20 years of annual losses
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Fund raised from massive rights issue = 216,598,817 x 0.16 = RM34,665,810 !!!
Easy easy money for directors to utilise for what ?

==============
Retail investors getting smarter not to contribute hard earned money to directors fund raising exercise
But fund raising still considered a success (99.63%) as it is likely supported by cronies penny stocks

Wait for announcement on Changes in Shareholdings to know the cronies penny stocks out there like Fintec, Focus, Joe, Permaju, AT, LKL, Bcmall, mmag, and many more

===============
Upon listing operators likely to play price of free warrant for cronies to dispose to retailers, punters, newbies,etc

Posted by whistlebower99 > 23 hours ago | Report Abuse

FOR NEWBIES

Fund raised from massive rights issue = 216,598,817 x 0.16 = RM34,665,810 !!!

19 out of 20 years of annual losses
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

==================
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