As of 31 December 2020 Sanichi NTA was RM0.14 Number of shares outstanding 2 Billion. According to historical data from Yahoo Sanichi closing price on 1 March 2021 was RM0.17 Now with number of outstanding shares at only 1.4 Billion higher NTA at RM0.20 & more cash rich are investors who have subscribed to the RI being duped to panic sell for smart buyers to buy & collect cheap? Investors forget history. easily swayed by sentiments
Those who throw out at RM0.025 definitely lose money if subscribed to RI. Sanichi BS is solid with RM139.2M more liquid assets than total liabilities. Sanichi has sufficient cash runway for more than 3 years if maintain current positive free cash flow. Don?t understand why shareholders are so negative.
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
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
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....