1. Purchased prior to the consolidation, 1.5 sen X 20 units = 30 sen. After the consolidation, on 23 March, if managed to sell then at 38 sen for 1 unit, theoretically, making 8 sen.
2. If you are still keeping than consolidated 1 unit ( from 20 units), now can fetch 9 sen. But the entitlement of the Rights for 6 units may earn you 15 sen if/assuming that the price will be 2.5 sen each when they are tradable later. So, the value will be back to 24 sen in all, so the loses is 6 sen (excluding the entitlement of the Warrant C, 3 units).
3. Unless, the person had purchased at 38 sen a share on 23 Mar or 12 sen a share this morning.
EDUSPEC-OR trading at 0.005 Most likely rights issue subscription will be supported by friendly parties, proxies and friendly penny stocks with money from fund raising
Any one can explain how the right issue and OR adjust the price? What is the calculation? The Eduspec was 0.050 last wednesday, and the next day is 0.24, and +70% when the price at 0.85. Any idea why?
Assuming u bought 2M at RM0.01 (total cost RM20K) b4 shares consolidation of 20 into 1, then u will have 100K shares after Ex Date (or average cost 100K at RM0.20)
Then u subscribe for the rights issues of 6 for 1 at RM0.03 (600K@ Rm0.03= RM18K)
So your total cost will be RM20K+ RM18K= RM38K
In return, u will have 100K + 600K (rights issues)= 700K mother + 300K Free warrant (WC)
Basing on the current price of RM0.03 n the possible opening price of WC at RM0.01 on 11 May, the mkt value of yr shares n WC on 11 May could be 700K @ Rm0.03 + 300K WC (Rm0.01) = RM21K + RM3k= RM24K
A possible whopping paper loss of RM14K or 36%+ from yr investment cost of RM38K
New boss come in to takes care of own pocket not investors pocket.
RIGHTS ISSUE WITH WARRANTS
On behalf of the Board, Kenanga IB wishes to announce that the Rights Issue with Warrants has been completed following the listing and quotation of 913,884,504 Rights Shares, 456,942,233 Warrants C and 52,399,268 additional Warrants B on the ACE Market of Bursa Securities with effect from 9.00 a.m. today.
LIST OF TOP 30 SHAREHOLDERS AS AT 31 May 2022 (Annual Report of Eduspec 2022)
1. CgS-CIMb Nominees (Tempatan) Sdn bhd Pledged Securities account For andrew Tan Jun Suan (My1868) 3. Inter-Pacific Equity Nominees (asing) Sdn bhd Pledged Securities account For Chen, Quanqing (aC0106) 6. Chen, Quanqing 9. Cimsec Nominees (Tempatan) Sdn bhd CIMb For andrew Tan Jun Suan (Pb) 10. Lim Chia Loon 11. Ta Nominees (Tempatan) Sdn bhd Pledged Securities account For Liang Tian Jing 12. JF apex Nominees (Tempatan) Sdn bhd Pledged Securities account For Liang Tian Kiat (Margin) 14. M & a Nominee (Tempatan) Sdn bhd Pledged Securities account For andrew Tan Jun Suan (M&a) 24. Ta Nominees (Tempatan) Sdn bhd Pledged Securities account For Liang Tian Kiat 25. Shen, yumei 26. Lye Loi Keng 27. Lau Fei Fei 30. Er Chun Tat
The above r the shareholders of Tanco as well, leaded by Andrew Tan.
The game started since 2022.
After a series of major corporate exercise this year (20 shares consolidation into 1 and right issues), let's c who else will appear into the top 30 shareholders list in the coming Annual Report 2023 (to be released in June soon).
See whether Andrew n friends will bring all to Heaven or to Holland.....
Scammers have thrown to sell shares for 6 million shares at 2.5 cents with such transactions done to create anxiety and panic for selling pressure to existing retailers.
Do not be too positive and place hope on the new management team as this is a 'JUNK' counter which there is limit to its performance.
Be risk prudent and fund management. Trade at your OWN RISK (TAYOR).
DATO' SRI GAN CHOW TEE (a substantial shareholder) acquired 2,795,700 shares on 06-Jul-2023. ==========================================================
2023-07-07
Insider
DATO' SRI GAN CHOW TEE (a company director) acquired 2,795,700 shares at 0.035 on 06-Jul-2023.
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....
beinvested
2,447 posts
Posted by beinvested > 2023-04-06 13:36 | Report Abuse
1. Purchased prior to the consolidation, 1.5 sen X 20 units = 30 sen. After the consolidation, on 23 March, if managed to sell then at 38 sen for 1 unit, theoretically, making 8 sen.
2. If you are still keeping than consolidated 1 unit ( from 20 units), now can fetch 9 sen. But the entitlement of the Rights for 6 units may earn you 15 sen if/assuming that the price will be 2.5 sen each when they are tradable later. So, the value will be back to 24 sen in all, so the loses is 6 sen (excluding the entitlement of the Warrant C, 3 units).
3. Unless, the person had purchased at 38 sen a share on 23 Mar or 12 sen a share this morning.