Posted by JT1969 > 2021-04-21 20:26 | Report Abuse

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge-under-scrutiny#.YH_7M2HL4DI.facebook

Posted by JT1969 > 2021-04-21 20:27 | Report Abuse

Authorities are investigating companies based in Menara Lien Hoe.

Posted by JT1969 > 2021-04-21 20:30 | Report Abuse

Mlabs also mentioned - need to be careful trading this stocks.

Posted by JT1969 > 2021-04-21 20:31 | Report Abuse

GOOD - did the authorities check on you yet?

Posted by KarLeongHo > 2021-04-22 07:39 | Report Abuse

pui

Posted by JT1969 > 2021-04-22 12:06 | Report Abuse

Macam ini lebih baik tunggu sehingga pengarah Baru masuk sebelum beli ..

Posted by JT1969 > 2021-04-22 12:08 | Report Abuse

Masih tunggu 1/2 cent ..

Posted by JT1969 > 2021-04-22 15:59 | Report Abuse

Macam mana nak batal .. shares sudah issued ..

Posted by JT1969 > 2021-04-22 16:00 | Report Abuse

Only concern is whether the money collected via ESOS, PP, SIS and Rights .. still in company’s account or some else account

Posted by JT1969 > 2021-04-22 16:02 | Report Abuse

If at 1/2 cent or 1 cent, don’t mind taking a bet..

Posted by SamLiRainMaker > 2021-04-22 16:14 | Report Abuse

Sarawak PKP so long house temporary ceased operation lol

Posted by JT1969 > 2021-04-22 17:50 | Report Abuse

https://kennethvunyunlun.wordpress.com/2021/03/30/kenneth-vun-the-john-soh-of-malaysia-securities-money-trail-investigation-watch-list-leaked/

Posted by PrinceofIpoh > 2021-04-22 19:35 | Report Abuse

Good123. Muka sudah teruk usah sembang kencang.

Posted by PrinceofIpoh > 2021-04-22 19:36 | Report Abuse

Malu kalau aku kamu. Tiap tiap hari tak bosan ulang ayat bosan. Aku nak tengok komen bermanfaat. Bukan sembang kencang

Posted by PrinceofIpoh > 2021-04-23 07:14 | Report Abuse

https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge-under-scrutiny#.YH_7M2HL4DI.facebook


Fake news

Posted by Josh2020 > 2021-04-24 06:04 | Report Abuse

Agreed. Like AT, if the workers of MLabs are so cash to subscribe so many ESOSs with so much money, no need to work already, they can become full-time trader/investor, right? :)

Besides share placements, ATS had also undertaken a rights issue of 991.2 million shares to raise RM34.7 million. The proceeds were earmarked for the expansion of its production capacity, repayment of bank borrowings and working capital.

On top of that, ATS has rewarded its employees with share issuance schemes. As at March 10, eligible staff had exercised options amounting to 1.45 billion shares.


@
Good123 Semoga SC Akan membatalkan semua Esos yang dibuat selepas right issue jika didapati bukan dibeli Oleh pekerja sebenarnya dan dll :)
21/04/2021 11:20 PM

Posted by Josh2020 > 2021-04-24 06:05 | Report Abuse

Agreed, safer for them to let go than go to jail if proven guilty.

@Good123 Saya sedang menunggu tangan ghaib untuk menghilangkan diri sekarang :)

Mungkin mereka akan dipenjarakan jika didapati bersalah. Jadi , strategi dominan adalah melepaskannya kepada pihak lain :)

Tetap yakin ada pemegang syer terbesar baru akan muncul bila2 masa.
23/04/2021 8:21 AM

Posted by Josh2020 > 2021-04-24 06:15 | Report Abuse

Probably, SC will also instruct capital reduction whereby some cash of the company will be refunded to the existing shareholders on a pro-rata basis.



Special Report: New shares without new business will bring more grief than gain
M Shanmugam
The Edge Malaysia

March 30, 2021 17:00 pm

This article first appeared in The Edge Malaysia Weekly, on March 22, 2021 - March 28, 2021.
Special Report: New shares without new business will bring more grief than gain
-A+A
THE secondary market fundraising scene has got off to a roaring start. In January alone, companies raised some RM540 million from placements and rights issues in the equities market.

The pace of fundraising in the secondary market is a continuation from last year, when some RM8 billion was raised even though the economy went into recession. The fundraising was helped by a relaxation in the rules that allows companies to now issue up to 20% of their share capital to raise funds and stay afloat.

Normally, companies are allowed to issue only up to 10% of their share capital, for which approval of shareholders is needed at an annual general meeting. The relaxation to increase the number of new shares to up to 20% was made last April and is in effect until the end of this year.

Advertisement

In addition to being allowed to issue up to 20% new shares, at a discount of at least 10% to the market price, some companies undertake an additional 30% placement.

A case in point is VSolar Group Bhd, which undertook private placements and rights issues that saw its share base balloon by more than 400% between June last year and January this year. Last week, the company announced a proposal to place out another 30% in an exercise to be done concurrently with a share option scheme for employees involving 30% of the share base.

If the proposals are approved by shareholders, VSolar’s share base will grow 60% from its current size. What is perplexing is that VSolar has been loss-making for the last 12 quarters. Who are the investors taking up the new share issuances? What kind of returns are they expecting other than getting the new shares at a discount to the market price?

As a measure of check and balance, Bursa Malaysia does not allow the new shares to be placed out to existing major shareholders. Towards this end, the list of those buying the new shares is supposed to be vetted by Bursa and, most of the time, the identity of the placee is not known.

If those who take the placement shares cross the 5% threshold, however, they will have to disclose their shareholding to Bursa. It happened in the case of AirAsia Bhd when it placed out 8.9% to Stanley Choi of Hong Kong this month as part of a 20% placement of new shares.

The low-cost carrier placed out another 100.4 million shares in the second tranche of the placement at 86.5 sen each earlier this week. It is not known who took up the new shares. Nevertheless, those who did are sitting pretty on some paper gains.

Moreover, AirAsia has a good franchise and business model, but is in its current predicament because there is no air travel. The same cannot be said, however, of many other companies that undertake placements without bringing about any change to their business fundamentals.

A case in point is Dataprep Holdings Bhd, where half of a 30% placement exercise completed last December went to Tan Sri Muhammad Ikmal Opat Abdullah of Widad Group Bhd. The other half of the placement went to unidentified third parties.

Dataprep is the best-performing stock this year, even though the fundamentals of the company have changed little. Those who took up the placement certainly should not be complaining.

And existing shareholders should cash out of the company because conventional wisdom suggests that placements should be accompanied by an increase in business and profitability. In the Malaysian context, however, when companies issue fresh equity, the share price rises even though the company has no firm plans as to what the funds raised would be used for.

The usual reason given by companies raising funds is that the proceeds are to be used for working capital and seeking new opportunities. Both reasons are vague and give no indication of how they may lead to a substantial improvement in the business of the company.

New shares are dilutive in nature and do not benefit existing shareholders unless the proceeds bring about higher revenue and profitability and enhance shareholder value.

But that does not seem to worry the major shareholders of these companies that are on a fundraising spree. They are probably enjoying the bullish run on the stock.

Moreover, the major shareholders who are also part of management can always control the company through 30% share option schemes.

Retail investors make up 40% of market participants. A time will come when the appetite of these investors will wane. The music will stop, and those holding equity in companies that have undergone major fundraisings will bear the brunt of

Posted by SamLiRainMaker > 2021-04-24 08:41 | Report Abuse

ESOS @ 4 sens and SIA with XOX . @Good123 TP how much lol.

Posted by BILLC > 2021-04-24 16:42 | Report Abuse

Poorahhh,,,,,takde issue esos,,,nanti dia issue PP,,,,SIS,,,macam macam lagi sampai

TP good123suku 2 sen dapat,,,,,,

Posted by Fklim888 > 2021-04-25 10:08 | Report Abuse

gap up play ka tomorrow ?

Posted by PrinceofIpoh > 2021-04-25 19:59 | Report Abuse

Ada chance. Itu hai yan sudah diam 1.5 hari.

Posted by BILLC > 2021-04-26 12:45 | Report Abuse

Nampaknya tak sampai TP 2 sen good123suku tak akan henti kerjanya,,,,,

Posted by PrinceofIpoh > 2021-04-26 18:37 | Report Abuse

Langkah terpenting ialah kamu lesap dulu

Posted by PrinceofIpoh > 2021-04-27 05:46 | Report Abuse

Selagi kamu tak terbang ke syurga mlabs tetap terjun ke akhirat.

Posted by AATehBunga > 2021-04-27 08:00 | Report Abuse

siapa nak bodek ngkau? jangan perasan la, dey.
standard pengikut syaitan syaitan Asixxxx.

Posted by SamLiRainMaker > 2021-04-27 15:16 | Report Abuse

0 transaction after 9.50am. Lol

Posted by PrinceofIpoh > 2021-04-27 20:22 | Report Abuse

Saya cukup tenang. Ada kamu dgn Samli. Mesti tenang la

Posted by Lim Eng Khiam > 2021-04-28 10:23 | Report Abuse

operators havent wake up. still sleeping

Posted by SamLiRainMaker > 2021-04-28 14:26 | Report Abuse

Only significant improve in their nexf QR will help to move the price. Else it will continually stay at bottom. @Good123 x de point awak asyik promote krn company macam ni ambil masa until terbang lol

Posted by krish52 > 2021-04-28 14:38 | Report Abuse

it is really a con man company as many of my friends say. come on directors wake up and do something positively.

Posted by JT1969 > 2021-04-28 15:26 | Report Abuse

Too many huddle to push up .. probably have not collect cheap enough ..

Posted by JT1969 > 2021-04-28 15:29 | Report Abuse

Still waiting at 1/2 cent ..

Posted by AATehBunga > 2021-04-28 17:10 | Report Abuse

promoter bukan main kuat promote tapi 0% buy rate, what a joke.....

Posted by SamLiRainMaker > 2021-04-29 18:53 | Report Abuse

Yes stay tune and ready to shoot up to RM1 in May.

Posted by telephone > 2021-04-29 22:43 | Report Abuse

Ya, May 2046.

Posted by JC1425 > 2021-04-30 09:21 | Report Abuse

Mlab sudah mati is it?

Posted by JT1969 > 2021-04-30 13:45 | Report Abuse

It looks like it will take a while before can go up ... the syndicate sold off a big chunk earlier and will be waiting to collect lower before can go up. in fact, most of the ACE companies are underwater now ..

Posted by JT1969 > 2021-04-30 13:49 | Report Abuse

GOOD .. when 1/2 cent ?

Posted by smartgood > 2021-04-30 16:08 | Report Abuse

Wow, this stock drop even lower than pre-consolidate price. Can you imagine how much loss for those who hold on to this stock?

Posted by Fklim888 > 2021-05-01 15:41 | Report Abuse

May bring luck to mlab ?

Posted by Mcaresdk91 > 2021-05-03 09:31 | Report Abuse

stox cam mtouch x akan labur dlm cyr
pto sbb xbole buat PP ,RI ..ESos etc tuk tipu investor

Posted by Mcaresdk91 > 2021-05-03 09:33 | Report Abuse

VET ok tapi DOGE lg power lol..

Posted by BILLC > 2021-05-04 11:00 | Report Abuse

Tu professor kangkong,,,,Jadi KV pon ambik dia tanam jagung di mlapsap,,,,

Posted by SamLiRainMaker > 2021-05-04 14:09 | Report Abuse

Mlapsap sudah mampus.

Posted by PrinceofIpoh > 2021-05-04 19:29 | Report Abuse

Samli u bought alot kah. Last time you kan tau mlapsap up. This time don't know?

Posted by JT1969 > 2021-05-05 09:48 | Report Abuse

Masih tunggu .. 1/2 cent ..

Posted by JT1969 > 2021-05-06 10:03 | Report Abuse

Looks like will soon will be 3 and 1/2 cent ..

Posted by JT1969 > 2021-05-06 10:12 | Report Abuse

April 21 - big volume OWN buy and sell
May 4 - big volume OSN buy and sell again
Probably no funds to pick up. Probably another 7-8 days another big volume, same OWN buy and sell .. since No retailers participate.. probably can be cheaper

Posted by JT1969 > 2021-05-06 10:14 | Report Abuse

Still waiting for 1/2 cent