============== (i) proposed consolidation of every 3 existing ordinary shares in AIM (“AIM Shares” or “Shares”) into 1 AIM Share (“Consolidated Share”) (“Proposed Share Consolidation”);
(ii) proposed renounceable rights issue of up to 319,268,664 new AIM Shares (“Rights Shares”) on the basis of 3 Rights Shares for every 1 Consolidated Share held on an entitlement date to be determined (“Rights Issue Entitlement Date”), together with up to 212,845,776 free detachable warrants in AIM (“Warrants”) on the basis of 2 Warrants for every 3 Rights Shares subscribed for (“Proposed Rights Issue”); and
(iii) proposed diversification of the principal activities of AIM and its subsidiaries (“AIM Group” or “Group”) to include the operation of pharmacies including retailing of pharmaceutical, healthcare and personal care products (“Pharmacy Business”) (“Proposed Diversification”).
============== Shares consolidation 3:1 followed by fund raising via rights issue 3:1 Another master stroke by directors to raise fund from shareholders
Upon completion, 1. NOSH will be more or less the same 2. Directors will have lots of money in company fund from the fund raising and not from business profits
============== Expect directors to continue to raise more fund via shares issuance to PP, ESOS, etc
CONSOLIDATION OF EVERY 3 EXISTING ORDINARY SHARES IN ADVANCE INFORMATION MARKETING BERHAD ("AIM" OR "COMPANY") ("SHARE") HELD AS AT 5.00 P.M. ON 17 MARCH 2023 ("ENTITLEMENT DATE") INTO 1 NEW SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 16 Mar 2023 Entitlement date 17 Mar 2023
============ Take note of share consolidation exercise by directors Directors unable to bring in business profits, with multi-quarter and multi-year of losses Show to busy doing shares consolidation then probably followed by fund raising via shares issuance to PP, ESOS, RI or asset acquisition of assets from friendly parties
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
previously, we thought that only bankrap sen stocks with NOSH of 5b shares will do consolidation of 20 to 1 or 10 to 1 Now a new precedent, 20 QTRS-loss sens stock wth NOSH 300mshares also start to do 3:1 consolidate.
1. Share Consolidation of 292,663,665 into 97,554,555 Consolidated Shares completed on 16 March 2023
(Take note closing price of 0.075 consolidated into 0.225)
2. Next step is rights issue with free warrants. Total of up to 292,663,665 Rights Shares and up to 195,109,110 Warrants will issued to subscribers who need to dig pocket to contribute to directors smart and easy fund raising exercise
================== Current NOSH = 97,554,555 (VERY LIGHT and LEAN)
Get ready for operators to fry up the price to dispose their shares to greedy retailers, punters and innocent newbies
On behalf of the Board, TA Securities wishes to announce that the Share Consolidation has been completed following the listing of and quotation for 97,554,209 Consolidated Shares on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 20 March 2023.
============= Very low NOSH after share consolidation Time to fly up the price before more fund raising via share issuance
Expect directors to start fund raising again via shares issuance to RI, PP, ESOS or for asset acquisition Look at the NOSH again after 6 months, 1 year, 2 years
ADVANCE INFORMATION MARKETING BERHAD ("AIM" OR THE "COMPANY")
RENOUNCEABLE RIGHTS ISSUE OF UP TO 292,662,627 NEW ORDINARY SHARES IN AIM ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 29 NOVEMBER 2023 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE, TOGETHER WITH UP TO 195,108,418 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 3 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE") Ex-Date 28 Nov 2023
========= Directors start fund raising via shares issuance to RI, later PP and ESOS
Shareholders intended to subscribe, have to get your money ready for contribution
AIM shares trade higher now in order to push OR price to lure retailers to buy. It is not advisable to subscribe as most of such counters will end up losing money. Be prudent. Trade at YOUR own risk (TAYOR)
The ular had done the same damages to all LienHoe gangs of shares where he is the ceo or director. The latest that is coming, AT, 30 become 1. He had goreng kaw kaw and should had made huge profit from this counter during the Covid-19 MCO periods
Predict the price range for AIM new shares would be at the range 6 to 10 sen and may at this range till the day the ulars start to goreng it up to escape for themselves. The WA would just follow the mother's trend.
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Michael Kwok
6,066 posts
Posted by Michael Kwok > 2022-12-20 20:49 | Report Abuse
Wah it reach...way below 10 cents i though.
Sell call aim 16 cents
Tp early 10 cents.
6/11/22 5.55 pm