@MyviTan even with the resignation of 2 board members that link politics will change nothing because YB Chang Lih Kang PH, MP of Tanjong Malim, Perak is a director of this company. Lets hope PH gov will give some boost to the company.
MOU antara MWSB & MODASHWANG GLOBAL - Membekalkan Program STEM dan Latihan Serta Leanbot di saksikan Pengerusi MWSB ( Tan Sri Dato Dr Alimuddin Mohd Dom) Dan Dato’ Mohsen Hasbollah (Presiden MODASHWANG GLOBAL)
The relationship between New Era University College (NEUC) and Dynabook Malaysia Sdn Bhd (Dynabook) started before MCO. Our students have been trained and given opportunity to become the judges of Eduspec Robothon Malaysia in 2018 and 2019.
Fast-forward to the 2nd week of year 2023, with the signing of MoU today (12 January 2023, Monday), both parties shall cooperate further in generating ideas, enhancing technologies, and skill sharing to strengthen STEM-focused education programmes in Malaysia, primary, secondary and tertiary educational level.
Indirect through HiQ Media (Malaysia) Sdn Bhd Laser Capital Holdings Sdn Bhd 60,000,000 Unit Prolexus Berhad 60,000,000 Unit Lee Eng Sia 60,000,000 Unit
Don't know how much they can collect from RI later and what they do with it .. Hope not for operation or pay salary , if so better close the biz. Why continue to be listed
Finally directors use their power to propose share consolidation and rights issue to raise more fund at the expense of shareholders.
(I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS
On behalf of the Board of Directors of the Company, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:-
(i) proposed consolidation of every 20 existing ordinary shares in Eduspec (“Eduspec Shares” or “Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and (ii) proposed renounceable rights issue of up to 996,522,210 new Shares (“Rights Shares”) together with up to 498,261,105 free detachable warrants in the Company (“Warrants C”) on the basis of 6 Rights Shares together with 3 free Warrants C for every 1 Consolidated Share held by the entitled shareholders of the Company on an entitlement date to be determined later (“Proposed Rights Issue with Warrants”).
Please refer to the attachment for further details.
EDUSPEC & DOLPHIN are the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 13 January 2023.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 proposal in progress - MERIDIAN, VSOLAR, DOLPHIN, EDUSPEC
If collected 10000units at RM150 . How much more do it need to top up after consolidation due right issue ? and the final outcome number of units hold ? Pay more , get less ?
EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") (I) PROPOSED SHARE CONSOLIDATION; AND (II) PROPOSED RIGHTS ISSUE WITH WARRANTS
Circular to shareholders One big step to implementation of share consolidation followed by fund raising via rights issue Warrant B will also be subjected to consolidation Huge losses expected for long term shareholders
CONSOLIDATION OF EVERY 20 EXISTING ORDINARY SHARES IN EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") ("EDUSPEC SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 24 MARCH 2023 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 23 Mar 2023 Entitlement date 24 Mar 2023 Entitlement time 5:00 PM
=========== Get ready to lose money if you have been long term loyal shareholders Get ready more money to contribute to directors fund raising via rights issue ========= TAYOR, be careful with high NOSH low price penny stocks
(i) proposed consolidation of every 20 existing ordinary shares in Eduspec (“Eduspec Shares” or “Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and
(ii) proposed renounceable rights issue of up to 996,522,210 new Shares (“Rights Shares”) together with up to 498,261,105 free detachable warrants in the Company (“Warrants C”) on the basis of 6 Rights Shares together with 3 free Warrants C for every 1 Consolidated Share held by the entitled shareholders of the Company on an entitlement date to be determined later (“Proposed Rights Issue with Warrants”).
Please refer to the attachment for further details.
(i) proposed consolidation of every 20 existing ordinary shares in Eduspec (“Eduspec Shares” or “Shares”) into 1 Share (“Consolidated Share”) (“Proposed Share Consolidation”); and
(ii) proposed renounceable rights issue of up to 996,522,210 new Shares (“Rights Shares”) together with up to 498,261,105 free detachable warrants in the Company (“Warrants C”) on the basis of 6 Rights Shares together with 3 free Warrants C for every 1 Consolidated Share held by the entitled shareholders of the Company on an entitlement date to be determined later (“Proposed Rights Issue with Warrants”).
================ Ex-Date 23 Mar 2023
NOSH before consolidation = 3,046,287,361 NOSH after consolidation (20:1) = 152,314,368 Price after consolidation = 0.20
WB before consolidation = 275,453,358 WB after consolidation = 13,772,667 Maturity 2024-09-30 Adjusted Exercise price = 2.00
================ Be prepared for possibility of operators frying up the price like similar share consolidation exercises by other penny stocks
================ Next step is for directors to raise easy fund via rights issue with free warrants Shareholders need to fork out more money to contribute to company fund
RENOUNCEABLE RIGHTS ISSUE OF UP TO 996,517,704 NEW ORDINARY SHARES IN EDUSPEC HOLDINGS BERHAD ("EDUSPEC" OR THE "COMPANY") ("EDUSPEC SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.03 PER RIGHTS SHARE TOGETHER WITH UP TO 498,258,852 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 7 APRIL 2023 ("RIGHTS ISSUE WITH WARRANTS")
=================
Ex-Date 06 Apr 2023
Date for commencement of trading of rights 10 Apr 2023 Date for cessation of trading of rights 17 Apr 2023
Acceptance and Payment 25 Apr 2023 05:00 PM Excess share application and payment 25 Apr 2023 05:00 PM
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 02 May 2023
================ Be aware of on-going fund raising exercise by directors Directors set to raise up to a maximum of 996,517,704 X 0.03 = RM29,895,531 Faster and easier than generating profits from business operation
================ Long term loyal shareholders have their shareholdings consolidated and have to fork out more money to contribute to directors fund raising activity if intend to subscribe for the rights shares.
lama tak tengok kaunter ni .. dari 0.015.. 0.020 .. minggu lepas dah cecah 0.390 , kaya gila lah sapa yang hold dari tahun 2019 . masa tahun 2019 ada makcik mana entah promote gila gila kaunter ni ..
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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....
sangjero
469 posts
Posted by sangjero > 2022-11-14 13:08 | Report Abuse
traders will come in at 0.03......
can accumulate at 0.02