MATERIAL LITIGATION MATERIAL LITIGATION NEXGRAM HOLDINGS BERHAD ("NHB" OR "THE COMPANY")- WINDING-UP PETITION (IN THE HIGH COURT OF KUALA LUMPUR, WINDING UP PETITION NO. WA-28NCC-420-05/2023) SERVED BY CIMB ISLAMIC BANK BERHAD ("PETITIONER") AGAINST NEXTNATION DATACITY SDN BHD ("NDSB" OR "RESPONDENT")
The effect of the winding up order is that the business of the company is terminated and all the affairs of the winding up company shall be governed by a Liquidator. Please visit the Official Portal of the Malaysian Department of Insolvency for more information on company winding up / corporate insolvency.
Winding-up announced, will be ka-puting. Brace yourself for negative QR results and massive dumping on 29 March onwards when the results are announced, they have planned this!!!!!! Massive dumping of converted ICPS will be made. It will go to Half cent in half to one year before delisting from open market!!!!!!!!!!!!!!
Nexgram 3 cents It should be profit 1.5-3 million coming result.is it real.boonboon69 or me will win?Will see. 28/3/24 6.17pm -------------------------------------------------------------------------------------------- KEKEKEKEKEKE......BIG LOST @ 5 MILLIONS, You just proved that words came from your thought just all bullshit!!!!! Ok, get ready for huge waterfall, from 3 cents nexgram will go to half-cent and then delisted!!!! 没有可能的事情。
Nexgram 3 cents Tp breaking 5 cents Is it true.a big yes.beware of the sudden upward.many director are joining the fray first,the second batch joining the fray will be big business man. 8/5/24 9.35am
Nexgram 3 cents Tp breaking 5 cents Is it true.a big yes.beware of the sudden upward.many director are joining the fray first,the second batch joining the fray will be big business man. 8/5/24 9.35am ------------------------------------------------------------------------------------------------- What directors???What businessman, from alternate universes i presume???
Nexgram 3 cents Tp breaking 5 cents Is it true.a big yes.beware of the sudden upward.many director are joining the fray first,the second batch joining the fray will be big business man. ---------------------------------------------------------------------------------------------- 8/5/24 9.35am Now 2 sen??? What big businessman???? What 5 sen??? you misleading maggot!!!
But wait, now the nosh number is 888.8 milions...which mean rich-rich-rich.rich......ok, i manage to buy 5 millions units today @ 2 sen, let see if my ancestor superstitious beliefs are right on the spot...
(I) PROPOSED BONUS ISSUE OF WARRANTS E; (II) PROPOSED PART SETTLEMENT OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES; (III) PROPOSED DEBT SETTLEMENT; AND (IV) PROPOSED DIVERSIFICATION.
(i) proposed bonus issue of up to 433,497,316 free warrants in Nexgram (“Warrant(s) E”) on the basis of 4 free Warrants E for every 9 existing ordinary shares in Nexgram (“Nexgram Share(s)” or “Share(s)”) held by the shareholders whose name appear in the Record of Depositors of the Company on an entitlement date to be determined later (“Entitlement Date”) (“Entitled Shareholder(s)”) (“Proposed Bonus Issue of Warrants E”);
(ii) proposed part settlement of redeemable convertible preference shares (“RCPS”) in Medic Asset Group Sdn Bhd, a wholly-owned subsidiary of Nexgram (“MAGSB”), via the issuance of 555,120,000 new Shares (“RCPS Settlement Share(s)”) to Wings By Croske Resort Langkawi Sdn Bhd (“Wings”) at an issue price of RM0.025 per RCPS Settlement Share together with 246,720,000 free Warrants E on the basis of 4 free Warrants E for every 9 RCPS Settlement Shares for the redemption of 154,200 units of RCPS for a total consideration value of RM13,878,000 (“Proposed Part Settlement of RCPS”);
(iii) proposed settlement of debts owing to Weststar Invest Holdings Ltd (“Weststar”) and RFC Holdings Sdn Bhd (“RFC”) (collectively referred to as the “Creditors”) in aggregate sum of RM11,614,804.19 (“Settlement Sum”) to be fully satisfied via the issuance of 464,592,120 new Shares (“Debt Settlement Share(s)”) at an issue price of RM0.025 per Debt Settlement Share together with 206,485,386 free Warrants E on the basis of 4 free Warrants E for every 9 Debt Settlement Shares (“Proposed Debt Settlement”); and
(iv) proposed diversification of the existing business of Nexgram and its subsidiaries (“Nexgram Group” or “Group”) to include the provision of hotel service management (“Hotel Service Management Business”) (“Proposed Diversification”).
Please refer to the attachment for further details.
================== Be informed of another massive corporate exercise that is unlikely to benefit ordinary share holders More new shares will be issued and created from conversion of warrants, RCPS resulting in massive increase to current NOSH of 888,814,808 shares More dilution to shareholder equity % and EOS
================== 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
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
===================== NOSH = 888,814,808 after share consolidation in Nov 2022 WD = 88,284,154
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
(I) PROPOSED BONUS ISSUE OF WARRANTS E; (II) PROPOSED PART SETTLEMENT OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES; (III) PROPOSED DEBT SETTLEMENT; AND (IV) PROPOSED DIVERSIFICATION. (COLLECTIVELY REFERRED TO AS "PROPOSALS")
(i) proposed bonus issue of up to 434,158,205 free warrants in Nexgram (“Warrant(s) E”) on the basis of 4 free Warrants E for every 9 existing ordinary shares in Nexgram (“Nexgram Share(s)” or “Share(s)”) held by the shareholders whose name appear in the Record of Depositors of the Company on an entitlement date to be determined later (“Entitlement Date”) (“Entitled Shareholder(s)”) (“Proposed Bonus Issue of Warrants E”);
(ii) proposed part settlement of redeemable convertible preference shares (“RCPS”) in Medic Asset Group Sdn Bhd, a wholly-owned subsidiary of Nexgram (“MAGSB”), via the issuance of 555,120,000 new Shares (“RCPS Settlement Share(s)”) to Wings By Croske Resort Langkawi Sdn Bhd (“Wings”) at an issue price of RM0.025 per RCPS Settlement Share together with 246,720,000 free Warrants E on the basis of 4 free Warrants E for every 9 RCPS Settlement Shares for the redemption of 154,200 units of RCPS for a total consideration value of RM13,878,000 (“Proposed Part Settlement of RCPS”);
(iii) proposed settlement of debts owing to Weststar Invest Holdings Ltd (“Weststar”) and RFC Holdings Sdn Bhd (“RFC”) (collectively referred to as the “Settlement Creditors”) in aggregate sum of RM11,466,073 (“Settlement Sum”) to be fully satisfied via the issuance of 458,642,920 new Shares (“Debt Settlement Share(s)”) at an issue price of RM0.025 per Debt Settlement Share together with 203,841,297 free Warrants E on the basis of 4 free Warrants E for every 9 Debt Settlement Shares (“Proposed Debt Settlement”); and (iv) proposed diversification of the existing business of Nexgram and its subsidiaries (“Nexgram Group” or “Group”) to include the provision of hotel service management (“Hotel Service Management Business”) (“Proposed Diversification”).
Will end up with more than 1.9 BILLION shares and more than 800 million warrant E
=========== Don't get trapped with loads of garbage
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Posted by karunalim > 2023-12-16 03:56 | Report Abuse
surprised nexgram now has positive net profit. time to fly ....