No good news at all. Just penny stock trend only. This lousy company director won't make investors happy always. Might trap people soon. Trade carefully.
@Michael R Even at 0.36 it is still at a loss if we buy high before consolidation at 0.03 and above. It is still unable to cover huge losses due to lousy director ok
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) TRIVE PROPERTY GROUP BERHAD
Particulars of substantial Securities Holder Name AT SYSTEMATIZATION BERHAD Indirect/deemed interest (units) 324,525,575 Indirect/deemed interest (%) 25.68 Date of notice 26 Jan 2022
=================== TRIVE PROPERTY GROUP BERHAD
Date of change 06 Dec 2021 Name MR MAK SIEW WEI Age 46 Gender Male Nationality Malaysia Designation Executive Director Directorate Executive Type of change Appointment
====================
AT SYSTEMATIZATION BERHAD
Date of change 01/03/2013 Name Mak Siew Wei Age 38 Nationality Malaysian Type of change Appointment Designation Executive Director Directorate Executive
==================== Common director for both companies Using company fund from one to invest in another
Mak Siew Wei is director in following companies 1. AT SYSTEMATIZATION BERHAD 2. TRIVE PROPERTY GROUP BERHAD 3. AE MULTI HOLDINGS BERHAD 4. ADVANCE INFORMATION MARKETING BERHAD 5. PASUKHAS GROUP BERHAD 6. GREEN OCEAN CORPORATION BERHAD
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
After share consolidation and fund raising RI in 2020, NOSH once again exceeded 1.2 BILLION shares !!! resulting in massive dilution of shareholder equity % and EPS
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
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 :-
On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 19 August 2024, resolved to approve the following:
1. Admission to the Official List and listing of and quotation for up to 505,455,476 Warrants D to be issued pursuant to the Proposed Bonus Issue of Warrants; and 2. Listing of and quotation for up to 505,455,476 new Trive Shares to be issued pursuant to the exercise of the Warrants D.
================ Announced EX Date Subject Ratio Offer 07 Jan 2021 20 Jan 2021 Rights Issue (warrant) 12.0000 : 2.00 0.1100 09 Dec 2020 22 Dec 2020 Share Consolidation 1.0000 : 25.0000
Directors did share consolidation in Dec 2020 to trim down the NOSH and raise massive fund via RI
Current NOSH = 1,263,638,690 exceeding 1 BILLION shares again 14 out of last 16 years recorded annual losses
Loss making company giving BONUS warrants to reward who ???
Upon completion of BONUS warrant, WD = 505,455,476
If all WD are eventually converted to ordinary shares, NOSH will exceed 1.7 BILLION shares With more fund raising via shares issuance to PP, ESOS, NOSH will certainly hit 2 BILLION shares 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
TRIVE PROPERTY GROUP BERHAD ("TRIVE" OR THE "COMPANY") BONUS ISSUE OF 505,455,476 WARRANTS ("WARRANTS D") ON THE BASIS OF 2 WARRANTS D FOR EVERY 5 EXISTING TRIVE SHARES HELD AS AT 5.00 P.M. ON 7 OCTOBER 2024 ("BONUS ISSUE OF WARRANTS")
Directors flooding the market with another 505,455,476 warrants If fully converted, NOSH will be very close to 2 BILLION shares
Guess who will benefit from the bonus warrants ???
================== 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
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....
CatRebound
216 posts
Posted by CatRebound > 2022-01-10 10:07 | Report Abuse
More than 100% gain since your initial alert... Awesome!!!
--------------------------------------
Michael R. Trive looks good now... wish the Persoft Tower got new tenant..
05/01/2022 10:15 AM