Posted by Kent7281 > 2020-09-01 19:19 | Report Abuse

so is good news or bad news ya?

Posted by 1point5kupang > 2020-09-01 20:33 | Report Abuse

Good need I think - easier to pump up after consolidation

Posted by 1point5kupang > 2020-09-01 20:34 | Report Abuse

News*

Posted by JT1969 > 2020-09-01 20:42 | Report Abuse

WTF

Posted by lian998 > 2020-09-01 21:01 | Report Abuse

12 right for every 2 share after share reduction

Posted by JT1969 > 2020-09-01 21:03 | Report Abuse

All the PP done at low price and now do a consolidation and Right issues ... FCUK

Posted by lian998 > 2020-09-01 21:07 | Report Abuse

if now holding 100,000share, become10,000 share
10,000 share to subscribe 12 /2 * 10,000 right =60,000 right.

Each right RM 0.07. Total RM 4200.

Posted by Kaido > 2020-09-01 21:08 | Report Abuse

so is it a good news or bad news?

Posted by lian998 > 2020-09-01 21:10 | Report Abuse

If you buy 100,000 share at 0.055 now . Is RM 5500
Then you have to pay RM4200 to subscribe the right.

Posted by lian998 > 2020-09-01 21:16 | Report Abuse

Is this crazy / madness ? or is this a good news ?

Posted by 1point5kupang > 2020-09-01 21:35 | Report Abuse

Better decide what you want to do now... I have already decided after reading the historical price movements of some companies after share consolidation...

Posted by stockpip > 2020-09-01 21:36 | Report Abuse

There are other opportunities lah

Posted by Kirim > 2020-09-01 21:40 | Report Abuse

The announcement is harsh,.......Not attractive.

However, what will be the subsequent announcement next. That most important!

There must be something solid at the back to support their crazy proposal.

Posted by 1point5kupang > 2020-09-01 21:56 | Report Abuse

They basically need more funds to support and execute their plans - they are all listed in the announcement, which are not very attractive as they are only plans which may boost their earnings which may ..... not sure how market is gonna react to the news tomorrow

Posted by Kirim > 2020-09-01 21:58 | Report Abuse

Mlab wants so much cash in hand for what? Buying a new co? Glove venturing? New tech venturing?

They must find a good reason/way to show their direction and goal,.....

Posted by Kirim > 2020-09-01 22:00 | Report Abuse

Still 005/0055,........

If pushing up,.....Something solid is brewing,....

Posted by Rowie > 2020-09-01 22:02 | Report Abuse

So Lian...... what will your cost per share be after the exercise?
Then u will know whether it’s good or bad

Posted by Rowie > 2020-09-01 22:06 | Report Abuse

& don’t forget to add the free warrant say it trades at 5 sen

Posted by 1point5kupang > 2020-09-01 22:12 | Report Abuse

(i) Remote meeting and videotelephony enablers
(ii) Broadcasting and livestreaming centre
(iii) Acquisitions and/or investments in complementary businesses and/or assets

So nothing to do with healthcare....

Posted by Kirim > 2020-09-01 22:16 | Report Abuse

Bit vague, above (i), (ii) & (iii) needs vast sum of money?

Myself, it is not justifiable,.....

Mlab suka tengok duit duit banyak banyak kah?

Tidur di ats duit tiap tiap malam,.........See what next!!!

Posted by lian998 > 2020-09-01 22:18 | Report Abuse

10,000 share 5500, 60,000 share 4200
70,000 share cost 5500+4200 = 9700
1share is 0.138

Posted by lian998 > 2020-09-01 22:18 | Report Abuse

Go to hell .???

Posted by lian998 > 2020-09-01 22:20 | Report Abuse

Kirim. Is already mentioned the cash is for video conferencing only.

Posted by Kirim > 2020-09-01 22:27 | Report Abuse

@ Lian 998, If cash is for video conferencing only,....Then, too bad!

Posted by Rowie > 2020-09-01 22:37 | Report Abuse

The video conferencing is also for the healthcare sector. ie for doctors etc

Posted by Rowie > 2020-09-01 22:42 | Report Abuse

In any case, whatsoever is the story is irrelevant. If the share price after adjustment says at 12-13 sen, any money u make is from the warrants if it’s at 5-7 sen. Otherwise kaput. How to remain at t13 sen when 775m shares will be issued at 7 sen. GBU

Posted by Rowie > 2020-09-01 22:42 | Report Abuse

*13 sen

Posted by CEDgain > 2020-09-01 22:42 | Report Abuse

lian998 10,000 share 5500, 60,000 share 4200
70,000 share cost 5500+4200 = 9700
1share is 0.138


You haven't included warrant.

Posted by Rowie > 2020-09-01 22:57 | Report Abuse

I calculated, still lose money unless mother share at 14 sen which may not be possible

Posted by PrinceofIpoh > 2020-09-01 22:58 | Report Abuse

The Group aims to be one of the first in Malaysia to set up a state-of-the-arts
broadcasting and livestreaming centre to host virtual events such as general meetings,
corporate events, townhall meetings and social media conventions in which the
audience will experience smooth and high quality audio and video transmission without
any interruption

Posted by Rowie > 2020-09-01 22:59 | Report Abuse

Hopefully tomorrow push to 8 sen so all can run

Posted by PrinceofIpoh > 2020-09-01 23:00 | Report Abuse

Rowie please read carefully before commenting.

On 28 August 2020, the Company had announced that the MOU has lapsed
and ceased to have any effect. Nonetheless, the Group remains as an
authorised partner of Cisco in Malaysia to distribute Cisco Webex Meeting and
Webex Team solutions.

Posted by PrinceofIpoh > 2020-09-01 23:01 | Report Abuse

An authorised partner of Cisco Webex. Hence still advertising them in their website.
If don't know, don't comment.

Posted by cutie > 2020-09-01 23:02 | Report Abuse

if u check back in 2017 when they make a right issue call on the 5th of may 2017..it did not go down and later from 10 sen it went up to about 45 sen . dont know history will repeat itself.

Posted by Rowie > 2020-09-01 23:16 | Report Abuse

Yup just saw it
Don’t get excited

Posted by cutie > 2020-09-01 23:21 | Report Abuse

at least there is some hope....hope for the best.

Posted by CEDgain > 2020-09-02 00:53 | Report Abuse

I'm confident with the company's businesses, but loss faith on its share price. Zoom is doing video communications business also can fly to the sky, why Mlab can't?

Posted by Rowie > 2020-09-02 08:32 | Report Abuse

Public shareholding spread is >90%
Current cash in bank is 30-35m
No need to raise any funds to do business.
In order to control this company cheaply, this is how to do it
1. Consolidate 10:1
2. 2 directors bought 1m each
Guarantee to take up 70m shares each to raise min 10m. They know public may not take up the rights.
Hence they together will hold 52% of the cash rich company. Total share capital will be about 265m
They will own majority of the warrant C
Cash in bank will be 40-45m
Guess who winner? & what would the share price be? If that happens.

Posted by 1point5kupang > 2020-09-02 08:52 | Report Abuse

opening 0.05

Posted by Naz90 > 2020-09-02 09:03 | Report Abuse

big dumping today

Posted by Finance4114 > 2020-09-02 09:07 | Report Abuse

Agreed.....but i buy at .045cents today....keep for six month

Posted by CityHuntEr > 2020-09-02 09:11 | Report Abuse

For those who said free cash 1...y the company still want to right issue and take money from the investors? Hahaha

Posted by CityHuntEr > 2020-09-02 09:15 | Report Abuse

This guy is a nob...same ideas with dgb...

Posted by lian998 > 2020-09-02 09:17 | Report Abuse

Wong. Mr Tan bought 1,000,000 only for illustration in the disclosure only.

Posted by sengkee > 2020-09-02 09:20 | Report Abuse

So beli, jangan tak beli?

Posted by sengkee > 2020-09-02 09:31 | Report Abuse

Why no more throwing at 4.5 sen? Still couldn't match mine

Posted by CityHuntEr > 2020-09-02 09:36 | Report Abuse

Dont come here con the others plz...i choose burn all the holding share rather than keep throwing money to the deep hole...swindler will only transfer your money became own pocket money...cont impairment loss

Posted by KLT1983 > 2020-09-02 09:36 | Report Abuse

这里有鬼

Posted by 8dragon > 2020-09-02 09:48 | Report Abuse

Why a net cash co need to issue Right Issue.... something is not right for the co....better dispose

Posted by CityHuntEr > 2020-09-02 09:52 | Report Abuse

里面的director就是鬼咯。