Posted by whistlebower99 > 1 month ago | Report Abuse

Reminder to newbies to be carefully if holding high NOSH low price penny stocks, many of which had undergone shares consolidation and then followed by fund raising by smart directors to collect more money from shareholders via rights issue

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

CIRCULAR IS OUT

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN FINTEC ("FINTEC SHARES" OR "SHARES") INTO 1 FINTEC SHARE ("CONSOLIDATED SHARE") ("PROPOSED SHARE CONSOLIDATION") | https://www.klsescreener.com/v2/announcements/view/6654005

Posted by Musang King > 1 month ago | Report Abuse

CONSOLIDATE 30:1 EGM 02/APRIL/2024 AT 11AM VIRTUAL EGM ONLY. I THINK IT'S GOOD IF YOU HAVE MILLIONS OF SHARES, GIVING OPPORTUNITY FOR FINTEC TO MOVE UP EASILY ONCE AFTER CONSO. PRICE WILL MOVE UP AS THERE ARE 30 TIMES LESS SHARES IN THE MARKET. IF DROP, WE CAN STILL BUY SOME MORE TO KEEP SO THAT WE CAN REDUCE OUR AVERAGE BUYING COST FOR FINTEC MORE EASILY. I BELIEVE FINTEC SHARE PRICES CAN MOVE UP WITHOUT MUCH HINDRANCES AS THE NTA (NET WORTH) THEN WILL BE APPROXIMATELY RM1.20 PER SHARE. SELLING WISE, IT'S EASIER TO SELL AS SELLING A SMALL AMOUNT OF SHARES REPRESENT 30 TIMES OF WHAT WE ARE HOLDING NOW. OBVIOUSLY, I AM VOTING FOR THE EGM. I THINK IT'S A VERY GOOD MOVE, PROVIDED THE MANAGEMENT DO NOT THINK OF ADDING NEW PRIVATE PLACEMENT OR ESOS TO ADD NEW SHARES ANYMORE. THIS IS EXTREMELY IMPORTANT FOR THE BENEFIT OF ALL FINTEC LOYAL SHAREHOLDERS.

Posted by cheated > 1 month ago | Report Abuse

Fintec RI nobody in i3 subscribe true?

Posted by cheated > 1 month ago | Report Abuse

SC confirms raid on some listed firms over suspected abuse of fund-raising activities
https://theedgemalaysia.com/node/704599

Posted by Musang King > 1 month ago | Report Abuse

Regarding those Fintec-PA I have, I apply to convert them to Mother Shares today. Submitted my Filled Up Form - Original Copy signed passed to Tricor Customer Service Counter at Ground Floor, Tower A, Vertical Business Suite, Bangsar South. They required RM20.00 as service charge for conversion using surrendering of 11 Fintec-ICPS to 8 Fintec share method. Good luck to all of us, Fintec Global Loyalist.

Posted by Musang King > 1 month ago | Report Abuse

Cheated : Fintec RI nobody in i3 subscribe true?
THERE IS NO RI FOR FINTEC UNDER THIS CONSOLIDATION EXERCISE UNLIKE MLAB, AT AND OTHERS.
FINTEC EGM IS ONLY FOR CONSOLIDATION OF SHARES FROM 30 TO 1. THAT'S ALL. OUR MAIN PURPOSE OF CONSOLIDATION IS TO REDUCE THE HUGE NUMBERS OF EXISTING SHARES BY 3O TIMES SO THAT FINTEC FUTURE SHARES CAN GO UP WITHOUT HINDRANCES. WHAT IS THE POINT OF CREATING MORE SHARES BY RIGHT ISSUE, PP OR ESOS ? IT DEFEATS THE PURPOSE OF SHARE CONSOLIDATION EXERCISE. PLEASE PROTEST IF THERE IS RI , PP OR ESOS IN THE FUTURE UNLESS THERE IS A NEED FOR MORE FUNDS FOR VERY USEFUL PURPOSES.

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

https://thecorporatessecret.com/blog/2024/03/15/sc-serbu-syarikat-mafia-korporat-kenneth-vun-di-menara-lian-hoe-tropicana-dakwaan-penipuan-saham-rm20b/

Posted by Musang King > 1 month ago | Report Abuse

NOTED THAT WE ARE VERY CONCERNED WITH THE LATEST RAID BY SC ON THE MAFIA CORPORATE CASE.

AFTER READING THE SC NEWS ABOVE, NOTE THAT KENNETH VUN ( UNDER THE ARM OF SANSTON FINANCIAL CORP LTD ) ONLY INVOLVED FINTEC GLOBAL AT THE INITIAL STAGE WHERE FINTEC PRICES WENT UP TO 16.7 SEN AT ONE TIME A FEW YEARS BACK. MANY INVESTORS SUFFERED SERIOUSLY AFTER FINTEC SHARES WENT UP AND TUMBLING DOWN TO HALF A SEN NOW. THOSE EARLY INVESTORS INCLUDING RI , ICPS , PP, SIS AND ESOS INVESTORS ALL REALLY HATED HIM SO MUCH FOR SIPHONING THEIR HARD EARNED MONEY.

TODAY, LUCKY TO SAY, KENNETH VUN, SOPHIA CHIN, VICTOR CHIN BOON LONG, CAROL VUN, GRACE VUN, MAK SIEW WEI AND BENSON TAY ARE NOT INVOLVED WITH OUR FINTEC DIRECTLY. THERE ARE TWO OR THREE PROXIES OF KENNETH VUN DETECTED STILL SITTING ON THE BOARD OF SEACERA AS AT TODAY.

I AM VERY PLEASED THAT FINTEC RECENT EXERCISE ONLY ASKED FOR SHARE CONSOLIDATION 30:1 AND NOT ADDING ANYMORE NEW SHARES LIKE RI & NEW WARRANT TO FINTEC LATELY. WHEN MLAB AND ATS WENT FOR THEIR CONSOLIDATION, THEY DID ASKED FOR RI PLUS FREE WARRANTS WHICH DEFEATED THE PURPOSE OF THEIR SHARE CONSOLIDATION EXERCISES. SUCH NEW PP, RI WITH FREE WARRANTS CERTAINLY MEANS THERE IS ELEMENT OF CHEATING ON THEIR CURRENT INVESTORS MORE OUT OF THEIR HARD EARNED MONEY.

HOW TERRIBLE - KENNETH VUN & THEIR PROXIES WERE DOING ???!!!???.

AS FINTEC SHAREHOLDERS, WE MUST KEEP A VERY CLOSE EYES WATCHING THESE PROXIES MOVEMENTS.

TO OUR BOARD OF DIRECTORS OF FINTEC GLOBAL BERHAD, PLEASE DO NOT ALLOW ANYMORE OF SUCH MANIPULATION IN OUR GROUP OF COMPANIES IN FINTEC FROM NOW ONWARDS. THANK YOU VERY MUCH.

Posted by sitia > 1 month ago | Report Abuse

Very well said Musang King.

EVER SINCE 2020, so many bad news of FINTEC being circulated on i3. I hope the company really come out to clean up the image of FINTEC GLOBAL. Image of a company is very important.

Posted by sitia > 1 month ago | Report Abuse

I don’t think is Fintec involved in the raid. Tq

Posted by Icon 888 > 1 month ago | Report Abuse

Consolidate 30 To 1 la

Posted by sitia > 1 month ago | Report Abuse

Many stocks are consolidating. IRIS , 4:1. Good stock also consolidate.

Posted by Musang King > 1 month ago | Report Abuse

Consolidate for the goodness and benefit of the All the Shareholders is OK. Don't consolidate and then issue new shares again using whatever methods to cheat the investors from their hard earned money. Example is MLAB and EDU-SPEC recently.

Posted by sitia > 1 month ago | Report Abuse

A company image is very important. When received backlash from some public, a company will try their best to ratify.But Fintec didn't. Being label as con, money laundering, is a tarnish image for company like Fintec. It only strengthen the roadside rumors that Fintec is a con.
I hope Fintec can explain it. Please don't play the silent game. Shareholders are worry.

Posted by Musang King > 1 month ago | Report Abuse

[FINTEC] Conversion of Preference Shares on 26-Mar-2024
Stock
[FINTEC]: FINTEC GLOBAL BERHAD
Announcement Date
26-Mar-2024
Listing Date
27-Mar-2024
New Type/Class?
No
Type
Conversion of Preference Shares
Details
Conversion of Irredeemable Convertible Preference Shares
No. of shared issued
3,300,000
Issue Price
Malaysian Ringgit (MYR) 0.110

Posted by Musang King > 1 month ago | Report Abuse

I got my Fintec-PA converted to Fintec Shares listed today 27/3/2024. Service Charge RM20.00 cash paid to TRICOR Customer Service Counter at Tower A, Ground Floor of Vertical Biz Suite, Avenue 3, Bangsar South.

Posted by Musang King > 4 weeks ago | Report Abuse

Tomorrow, EGM at 11am to pass Members Resolution for Reduction of Shares from 5.9 Billions to 220 millions using 30 to 1 Ratio. This Exercise is to Consolidate our Fintec Position so that our Fintec Shares can be more marketable and easy to dispose. Less shares are in the market and it may go up to the PAR VALUE of RM1.20 a share more easily with 30 times less shares now. If if Fintec drops less than 15 sen a share, we are like buying less than RM0.005 ( half a sen ) now a pre-Consolidation Minimum price set by the Bursa. So, if it drops further, it is a Golden Opportunity to accumulate more. If Fintec fundamentals remain, its share price should be above 30 sen or more after Consolidation Exercise tomorrow. See the Showtime how it goes. I personally believe Fintec Shares after Consolidation should be around 45 sen and more depends on the Bursa KLSE index, the Share Market and the Price Movement of Seacera Shares in the future.

Posted by Musang King > 4 weeks ago | Report Abuse

Watching closely SP Setia Berhad is developing their Banyan Project in Semenyih and their response may affect our Semenyih;s Land nearby them. SP Setia Bhd had launced their development activities last year on September 15, 2023. Our 501 acres of Freehold Development Land is just on the main road before the Nirvana's Famous Landmark in Semenyih. Currently still valuated and declared at RM36 psf since 15th March 2017, about 7 years ago according to the Seacera's Annual Report yearly.

Posted by limch > 4 weeks ago | Report Abuse

Why nobody propose Seacera sell Semenyih land to SP Setia?

Posted by limch > 4 weeks ago | Report Abuse

Seacera NTA >RM1 even sell land at half price(unlikely) Seacera TP >50 sen?

Posted by Musang King > 2 weeks ago | Report Abuse

630,126,100 BUYERS WAITING EVERYDAY AT HALF A SEN ( RM0.005) FOR MANY MANY MONTHS BEFORE 30:1 CONSOLIDATION.

I WANT TO PUT ON RECORD HERE THAT, THESE 630,126,100 BUYERS ARE EXPECTED TO BUY AT 15.0 SEN AFTER THIS 30 TO 1 CONSOLIDATION IS OVER.

IF THEY DO NOT BUY AT EX-CONSO PRICE OF 15 SEN, IT IS VERY VERY CLEAR THEY ARE THE CONMEN & CHICKENS. IF THEY BUY, THEY ARE REAL GENTLEMEN, I REALLY SALUTE.

THANK YOU FOR READING.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 weeks ago | Report Abuse

https://theedgemalaysia.com/article/special-report-hidden-hands-behind-penny-stock-surge?type=malaysia


Special Report: Hidden hands behind penny stock surge

By The Edge Malaysia / The Edge Malaysia
30 Sep 2020, 06:00 pm

This article first appeared in The Edge Malaysia Weekly on September 21, 2020 - September 27, 2020

ASTUTE market observers would have noticed on the local bourse a group of individuals, supposedly acting in concert, who have amassed shares in more than 20 publicly traded companies. These companies — linked via shareholding and directorships — are often on the most actively traded list, with huge, fluctuating share prices.

“It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked.

Posted by whistlebower99 > 1 week ago | Report Abuse

FOR NEWBIES

CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY") ("FINTEC SHARES" OR "SHARES") INTO 1 FINTEC SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
Ex-Date 07 May 2024

=========
Long term shareholders bought at high price will incur huge losses due to directors action for share consolidation.

On ex date shareholding will be reduced by 30 times!!!

After completion, be prepared to contribute more money to directors fund raising activities via shares issuance to RI
Directors will also raise more fund via share issuance to PP ESOS or asset acquisition.

Share Consolidation | https://www.klsescreener.com/v2/announcements/view/6868879

Posted by Musang King > 6 days ago | Report Abuse

Q at 0.005 today 23/4/2024 Numbers =
325,336,200

Q to Sell Position
Price 0.01 numbers
278,513,700

Upon Announcement today - ex-date 7/5/2024 - Numbers to buy equals Numbers to Sell. Half of the queing numbers for 0.005 cabut already.

Posted by Daily88 > 6 days ago | Report Abuse

WHY THEY CABUT ?

Posted by Musang King > 5 days ago | Report Abuse

Q at 0.005 today 24/4/2024 Numbering = 378,894,000 (905 waiting)
Q to sell at 0.01 numbering = 309,029,700 (813 waiting)
2nd Day announced 30:1 ex-date 7/5/2024 - Notice that the numbers of buying increased slightly over selling.

Posted by M55555 > 5 days ago | Report Abuse

today only Q. I sudah Q 0.005 for 3 bulan . Seketul pun belum dapat match.

Posted by Musang King > 4 days ago | Report Abuse

Q at 0.005 today 25/4/2024 drops to 359,594,300 (863 waiting)
Q to sell at 0.01 number also drops to 303,815,800 (819 waiting)
3rd Day announced 30 to 1 - ex-date 7/5/2024 - Interest dropping waiting for ex-date market prices to buy.

Posted by Musang King > 21 hours ago | Report Abuse

Dwinling interest noted. Today Monday 29/4/2024 Q at 0.005 drops to 289,107,700 ( 711 waiting )
Q to sell at 0.01 number almost the same 305,403,500 ( 812 waiting )
Ex-Date coming 7/5/2024 - This whole week should be a Selling Week at 0.005 no choice.