Posted by rpklim8888 > 2024-07-24 19:19 | Report Abuse

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

Posted by Daily88 > 2024-07-24 21:00 | Report Abuse

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

Posted by Daily88 > 2024-07-25 18:45 | 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 > 2024-07-25 18:50 | 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 > 2024-07-25 18:53 | Report Abuse

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

Posted by Daily88 > 2024-07-25 18:56 | Report Abuse

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

Posted by AlfI3 > 2024-07-26 08:04 | Report Abuse

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

Posted by whistlebower99 > 2024-07-26 11:51 | 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 > 2024-07-26 11:53 | 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

Posted by whistlebower99 > 2024-07-30 11:16 | Report Abuse

FOR NEWBIES

Take note :-

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

NOSH = 289,069,106 (estimated based on number of rights share subscribed)

Warrant D = 86,639,526 (estimated based on 2 warrants for 5 rights subscribed)
Expiry date = 3 years from date of listing on 1 Aug 2024
Exercise price of WD = 0.16 per warrant

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3456912

===========
Be careful trading the warrants of loss making stocks, many of which will end up worthless approaching expiry date when share price is below exercise price

Posted by TheContrarian > 2024-08-01 18:10 | Report Abuse

Entry of new substantial shareholder Miss Tang Ah Mooi, also known as Cindy Kate.

Posted by AlfI3 > 2024-08-02 07:07 | Report Abuse

Sounded familiar, is she one of d golden finger grp?

Posted by AlfI3 > 2024-08-02 07:13 | Report Abuse

Syndicate has no more supporting here liao, mostly had ran away saying goodbye & dier mission of "acting cum pretending" duties has completed.....!

Posted by whistlebower99 > 2024-08-02 10:14 | Report Abuse

Who is Tang Ah Mooi ?
Somebody's mother lah.

Posted by TheContrarian > 2024-08-02 17:58 | Report Abuse

Bought back at 11 sen today.

Posted by TheContrarian > 2024-08-05 23:16 | Report Abuse

There's bloodbath everywhere but strangely not here.

Posted by whistlebower99 > 2024-08-07 12:46 | Report Abuse

Bloodbath started earlier when it hit a high of 0.34 on 16/7/24
After 3 weeks, it is now trading at 0.11

Rights issue of 3 for 1
Retailers pay 0.16 for the rights shares !!!

Consider yourself lucky if you are not caught off guard by the con operator

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

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

Posted by TheContrarian > 2024-08-07 21:33 | Report Abuse

We make our own luck.

Posted by whistlebower99 > 2024-08-23 11:17 | Report Abuse

https://theedgemalaysia.com/node/722598

Loss-making MLABS Systems Bhd (KL:MLAB), which is engaged in research and development in videoconferencing and mobile application solutions, announced the emergence of Tang Ah Mooi as its new substantial shareholder on Aug 1.

Tang had via a rights issue exercise subscribed for 18.751 million shares, or a 6.487% direct stake, in the ACE Market-listed technology firm on July 31. She is the mother of Ooi Chieng Sim, former executive chairman of Heng Huat Resources Group Bhd (now known as HHRG Bhd [KL:HHRG]) and Atta Global Group Bhd (now known as Mayu Global Group Bhd [KL:MAYU]).

On the same day, NETX Holdings Bhd (KL:NETX) announced that it had ceased to be a substantial shareholder of MLABS on July 26, owing to the dilution of shareholding from 15.75% to 3.95% as a result of the latter’s expanded share base pursuant to its rights issue exercise, which was completed on Aug 1.

Posted by fl888 > 2024-08-29 12:37 | Report Abuse

Let see what Tang Ah Mooi can do?