Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
1. Notice of Person Ceasing (Section 139 of CA 2016) BCM ALLIANCE BERHAD
Particulars of Substantial Securities Holder Name M N C WIRELESS BERHAD Date of cessation 26 Aug 2021 No of securities disposed 14,945,000 Date of notice 07 Sep 2021
=============== 2. Notice of Person Ceasing (Section 139 of CA 2016) SANICHI TECHNOLOGY BERHAD
Particulars of Substantial Securities Holder Name M N C WIRELESS BERHAD Date of cessation 24 Jun 2021 No of securities disposed 38,989,500 Date of notice 28 Jun 2021
=================== 3. Notice of Person Ceasing (Section 139 of CA 2016) METRONIC GLOBAL BERHAD
Particulars of Substantial Securities Holder Name M N C WIRELESS BERHAD Date of cessation 04 Dec 2020 No of securities disposed 37,173,800 Date of notice 19 Feb 2021
================= Have to verify whether MNC still currently invested in above loss making penny stocks
================= When company fund depleted, directors can easily raise fund via shares issuance to PP, ESOS or RI
M N C WIRELESS BERHAD ("MNC" OR "THE COMPANY") - UPDATE ON MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN MNC AND HOT TV ENTERTAINMENT SDN. BHD. ("HOT TV")
Further to the Company's announcement made on 23 December 2022 pertaining to the MOU made between the Company and Hot TV to kick-start its Lifestyle e-commerce Platform by expressing its interest to acquire, invest, develop or collaborate with Hot TV, the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.
================ M N C WIRELESS BERHAD ("MNC" OR "THE COMPANY") - UPDATE ON MEMORANDUM OF UNDERSTANDING ("MOU") ENTERED BETWEEN MNC AND SANICHI PROPERTY SDN. BHD. ("SPSB")
Further to the Company's announcement made on 23 December 2022 pertaining to the MOU made between the Company and SPSB for the purpose of providing online leasing or short-term luxury rental service for 120 units of Marina Point, SPSB’s property project located at Lot 129, Klebang, Melaka, the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.
================= As usual, many MOUs made and most of them are likely terminated in due time Directors might issue more MOUs to create excitement to attract punters, investors and newbies
Share consolidation and bonus warrant in Nov 2022 :- 21 Oct 2022 09 Nov 2022 Bonus Issue (warrant) 3.0000 : 8.0000 21 Oct 2022 07 Nov 2022 Share Consolidation 1.0000 : 10.0000
================ Current NOSH less than 250 million shares, very lean Be aware directors might raise more fund via share issuance to PP, ESOS or RI Massive share issuance might increase the NOSH to BILLION shares again and causing dilution to shareholders equity % and EPS
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
DEALING IN QUOTED SECURITIES UNDER RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS
Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, M N C Wireless Berhad (“MNC”) wishes to announce that the aggregate purchase consideration of quoted securities for the preceding twelve (12) months which has not been announced, has exceeded 5% of MNC’s latest audited consolidated net assets, details are as follows:-
RM % of MNC’s latest audited consolidated net assets
a. Aggregate purchase consideration within the preceding twelve (12) months 5,717,281.18 6.75%
b. Investments in quoted securities as at 8 May 2023 - Total Cost 4,434,071.51 - Total Book Value 3,485,033.03 - Total Market Value 3,485,033.03
====================== Penny stock directors using company fund to invest in other penny stocks Incurring Paper losses Directors have power to raise fund via share issuance to PP, ESOS or to acquire assets causing dilution to shareholders equity % and EPS, if any
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hoot9e996
1,808 posts
Posted by hoot9e996 > 2022-11-25 15:33 | Report Abuse
10 BECOME 1 mother share
then every 8 mother share, free 3 warrant C.
actually now looking at warrant WC, i think u make money back a bit