And soon it's time for Dato' Seri to announce the rights issue...
Soft Reminder... Just remember the 'Sword of Damocles' from the impending rights issue @10 sens is long overdue to be announced anytime now to trap the gullibles!
es!... The Rights issue is still valid and in progress to be completed by first quarter 2018. Once the rights issue is completed and you have parted with your money...the operators will withdraw their support and it may plunge back to 8.5 sens again like the last 2 times, since...
"Since RM has strengthened...Since Sanichi's mould & die business is mainly for export...it may make even more foreign exchange losses for the coming quarter...
"Sanichi makes cash call to raise up to RM99mil
The proposed rights issue with warrants is expected to be completed by the first quarter of 2018.
For the 12-month period to June 30, 2017, the company posted a net loss of RM3.42mil compared with a net profit of RM3.78mil in the previous corresponding period. In August, Sanichi changed its financial year end from June 30 to Dec 31. "
This is the worst stock in bursa or mayb in the world....5 to 1 shares consolidation then rights issues then 4 into 1 shares consolidation then rights issues then 3 into 1 shares consolidation then rights issues...china con stocks r considered angels as compare to sanichi...
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....
slyvac
95 posts
Posted by slyvac > 2018-01-02 12:55 | Report Abuse
Any news?