Pay debt by Issue new 37.1m share at 2.75c equivalent RM1,020,250. That debtor then can sell all the 37.1m share at 3c (current market) at RM 1,113,000. Profit RM 92,750 for debtor. Public paid for Technax debt.. ...Shareholder share got diluted by new share issuance...not a very smart move..
EDUSPEC, DOLPHIN, TECHNAX are the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 13 January 2023.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 proposal in progress - MERIDIAN, VSOLAR, DOLPHIN, EDUSPEC, TECHNAX
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....
Tipster
752 posts
Posted by Tipster > 2022-09-02 06:58 | Report Abuse
Dare to dream or continue to stay poor!