Nvrmind our cash reduce, since sanichi still CASH RICH. Even all shareholder lost money also no need worry . This company still Cash Rich and NTA above 0.2 - Mathematician
Sanichi just released 2021 AR. Now the top 30 shareholders control 32% compared to 2019 AR the top 30 shareholders controlled 62% Too many smaller shareholders taking profit at the slightest opportunity. PCH only holds 8M as of 30 March 2022. Will he give up control and exit Sanichi?
PCH up for election at Sanichi AGM Holds only 8M shares Have to depend on friendly parties for votes. If hostile minority shareholders more than friendly attend AGM and vote against resolution PCH will lose BOD seat
Those of you who have lost money in Sanichi should register to attend the AGM and voice your unhappiness at the current state of affairs in the company. Put on record your disappointment and. try to get some answers from the BOD
Particulars of Substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD
Date interest acquired 13 Jul 2022 No of securities 193,666,666 Subscription of ordinary shares pursuant to Rights Issue with Warrants Direct (units) 198,166,666 Direct (%) 13.068 Date of notice 13 Jul 2022
================ Directors utilised company fund to invest in other loss making penny stock Possible that directors might raise more fund via share issuance to PP or ESOS or RI when company fund runs low
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
==================== Loss making penny stock supporting and investing in other loss making penny stocks More likely utilising company fund to buy at high price
Pang Chow Huat can cheat all the investors money, let's see how he can bring his money into grave and become richest men in the grave...bodoh Pang Chow Huat a k.a Pang Sai...haha
I feel sorry for the weak shareholders who keep selling at RM0.025 without realising PCH has bought back at this price to again become Sanichi biggest shareholder.
Notice of Person Ceasing (Section 139 of CA 2016) METRONIC GLOBAL BERHAD Particulars of Substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD Address Unit 27.2, Menara 1MK Kompleks 1 Mont Kiara No. 1 Jalan Kiara, Mont Kiara Kuala Lumpur 50480 Wilayah Persekutuan Malaysia. Company No. 200401023320 (661826-K) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Name of registered holder SANICHI TECHNOLOGY BERHAD Address of registered holder Unit 27.2, Menara 1MK, Kompleks 1 Mont Kiara, No. 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur. Date of cessation 14 Sep 2022 No of securities disposed 64,000,000 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares via open market. Nature of interest Direct Interest
Date of notice 15 Sep 2022 Date notice received by Listed Issuer 21 Sep 2022
Particulars of Substantial Securities Holder Name CITA REALITI SDN BHD Date of cessation 30 Aug 2021 No of securities disposed 26,970,700 Date of notice 03 Sep 2021
Big boy fund reduced shareholding in SANICHI to below 5%
CFM recently has a MOU with a Thai subsidiary company to produce EV batteries. PCH is a substantial shareholder of both CFM & Sanichi Will Sanichi eventually also benefit from this MOU?
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
At RM0.02 Sanichi market capitalization is only RM28M . RM0.02 I believed is the lowest market price in Sanichi history despite the fact that Sanichi financial health is now the best ever with total assets at RM370M. Ridiculous valuation!
Sanichi just released its financial results. Revenue increased compared to last year. Losses also less. Still have cash of RM124M which is good. NTA RM0.19 Sanichi still financial healthy. Even at RM0.025 still substantially undervalued.
PASUKGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 24 February 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 in progress - VSOLAR, DOLPHIN, EDUSPEC, TECHNAX, PASUKGB
================= 1. Share consolidation 10:1 in April 2021 2. Rights issue up o 1,424,428,212 shares at 0.08 per shares and up to 712,214,106 free warrants in April 2021 3. Amount raised by directors from rights issue = 1,202,623,503 X 0.08 = RM96,209,880
================ The Board of Directors of Sanichi (“Board”) wishes to announce that as at the expiry date of the timeframe to utilise the proceeds from the Rights Issue with Warrants F, the Company has yet to fully utilise the balance proceeds amounting to RM76.953 million allocated for the acquisition of factory building for the gloves business, capital expenditure and working capital.
================== Shareholders need to frequently scrutinize how the fund is utilised by directors
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Don't understand why there are still so many sellers que to sell at RM0.02. At this price definitely lose money. Sanichi holds 7.2% of BCMall, 14.18% of BSL & 13.41% of PDZ. When these companies prices recover Sanichi will reap handsome profit. Sanichi is future king maker. Sell at RM0.02 sure will regret later .
Notice of Interest Sub. S-hldr (Section 137 of CA 2016) BSL CORPORATION BERHAD Particulars of Substantial Securities Holder
Name SANICHI TECHNOLOGY BERHAD
Date interest acquired & no of securities acquired Date interest acquired 15 Mar 2023 No of securities 273,727,272 Subscription of Rights Issue
Direct (units) 273,727,272 Direct (%) 14.182 Date of notice 17 Mar 2023
================== Smart directors using company fund to invest and speculate on other penny stocks
After company fund depleted, directors will raise more fund via share issuance to PP, ESOS, RI,etc Retail shareholders will see their equity % reduced further and further
I noticed whistblower99 that you are in BCMall, BSL, Mtronic, PDZ, MNC, Focus & many more penny stock companies chat groups under the pretext of advising newbies by painting a negative picture of all these companies. Are you being paid to frighten shareholders of all these companies? Are all these companies candidates for PN17 status? Many of these companies have strong balance sheet and good tangible assets.
Sanichi investment in other penny stocks, mostly if not all, are loss making ones
================ 1. BSL CORPORATION BERHAD Particulars of Substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD Direct (units) 273,727,272 Direct (%) 14.182 Date of notice 17 Mar 2023
================= 2. BCM ALLIANCE BERHAD Particulars of substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD Direct (units) 147,450,800 Direct (%) 7.249 Date of notice 22 Feb 2023
================== 3. PDZ HOLDINGS BHD Particulars of Substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD Direct (units) 78,000,000 Direct (%) 13.417 Date of notice 03 Nov 2022
================= Notice of Person Ceasing (Section 139 of CA 2016) METRONIC GLOBAL BERHAD Particulars of Substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD Date of cessation 14 Sep 2022 No of securities disposed 64,000,000 Date of notice 15 Sep 2022
================== When company fund depleted, directors might raise more fund via share issuance to PP, ESOS or RI causing dilution to shareholder equity % and EPS
================== NOSH = 1,403,095,559 even after share consolidation and rights issue in April 2021 WF = 601,311,751 Maturity 2024-05-20 Strike value 0.1000
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....
Icon 888
1,829 posts
Posted by Icon 888 > 2022-03-29 07:39 | Report Abuse
Hell stock