CASH RICH FROM SHARES CONSOLIDATION FOLLOWED BY RIGHTS ISSUE WITH FREE WARRANTS. NOT FROM REAL BUSINESS PROFITS. OTHERS INCLUDE PASUKGB, PDZ, MTOUCHE, KANGER, NETX, ETC THAT HAD SIMILAR EXERCISES TO DID SHARES CONSOLIDATION AND RAISE FUND FROM SHAREHOLDERS VIA RIGHTS ISSUE
Usesless... 10k% drop in financial performances... Co more interested to buy n sell shares ... Someone could be profitong for their losses... Beware consolidation anytime if many retailers join in.. if none then they will turn to bullish??
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
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....