Can cut loss after Divi and buy cheaper and later. The market is not going anywhere at the moment. Also, there are alternative investments such as gold and crypto for us to deal with. moonasia alenac, after large volume RI, ASB still can stand at 0.055?
My opinion. right issue vs new shares issued. right issue is for existing shareholders (share intrinsic value status quo) - no dilutions). new share issued normally used for private placement and raising funds - additional shares - shares dilutions.
(I) PROPOSED RIGHTS ISSUE; (II) PROPOSED EXEMPTION; AND (III) PROPOSED SGS
(i) proposed renounceable rights issue of up to 1,858,389,886 new ordinary shares in ASB (“Rights Shares”) on the basis of two (2) Rights Shares for every one (1) existing ordinary share in ASB (“ASB Share”) held on an entitlement date to be determined later (“Proposed Rights Issue”);
(ii) proposed exemption for Dato’ Ahmad Sebi Bakar and ...................in the obligation to undertake a mandatory take-over offer for the remaining ASB Shares not already owned by them, upon the completion of the Proposed Rights Issue (“Proposed Exemption”); and
(iii) proposed establishment of a share grant scheme of up to ten percent (10%) of the total number of issued shares of the Company (excluding treasury shares, if any) at any point of time during the duration of the scheme for the eligible directors and employees of ASB and its subsidiaries (“Group”) (excluding subsidiary(ies) listed on any stock exchange as well as its group of companies, and any dormant subsidiary(ies) of the Group) (“Proposed SGS”).
================= Directors resorting to easy way of fund raising via shares issuance to build up company fund from investors contributions instead of business profits
Another multi-BILLION shares of low price penny stock in the making. From current NOSH of 929,194,943 to over 3 BILLION shares upon completion of exercise
================= Be careful trading high NOSH penny stock with massive fund raising via rights issue
old school punya thinking ... nak dkt GE je naik share price ... adehhh ... dekat CNY ... share price naik ... dekat raya ... share price naik ... nasik baik tak cakap dekat Christmas share price naik hahaha ... sorry la bro ... zaman sudah berubah ...
Directors undertaking massive fund raising exercise via rights issue
================= RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,858,389,886 NEW ORDINARY SHARES IN ADVANCE SYNERGY BERHAD ("ASB") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) EXISTING ORDINARY SHARE IN ASB HELD AS AT 5:00 P.M. ON TUESDAY, 4 OCTOBER 2022 ("RIGHTS iSSUE")
Ex-Date 03 Oct 2022; Entitlement date 04 Oct 2022 Date for commencement of trading of rights 05 Oct 2022 Date for cessation of trading of rights 13 Oct 2022 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 28 Oct 2022 Acceptance and Payment 21 Oct 2022 05:00 PM Excess share application and payment 21 Oct 2022 05:00 PM Available/Listing Date 03 Nov 2022
================= Be prepared to dig pockets to contribute to directors fund raising exercise if intend to subscribe for the rights shares
Directors unable to bring in business profits to increase company fund Fund raising via RI is easy and convenient way for directors to increase company fund
Shareholders have to fork out more money to contribute to directors fund raising exercise Directors are responsible for the success of the fund raising exercise and they are not responsible for the shareholders to make profit from the rights shares
Many stocks with rights issue have fallen below rights issue price......CSH, VIZIONE, MTRONIC, FAST, KANGER.......
U are really drunk if you think Anwar will be the PM. All indications are pointing BN will big this GE. Even if there's up, people will quickly take profit and run.
yaya PN mahaiddin has more chances of winning.. Its either Mahaiddin or Azmin Ali... if Not PN then probably Zaid Hamidi... Anwar queue behind them.... You are genius..
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....
maggiemee
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Posted by maggiemee > 2021-11-19 23:25 | Report Abuse
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