DGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 26 June 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
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 from share consolidation
List of penny stocks with shares consolidation :-
2023 in progress - DGB, MMAG, DOLPHIN, TECHNAX, ICON
(I) PROPOSED CAPITAL REDUCTION; (II) PROPOSED DEBT SETTLEMENT; (III) PROPOSED SHARE CONSOLIDATION; AND (IV) PROPOSED RIGHTS ISSUE WITH WARRANTS;
On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 14 December 2023 resolved to approved the following:
(i) Listing and quotation of 2,487,830,882 new TXB shares to be issued pursuant to the Proposed Debt Settlement;
(ii) Proposed Share Consolidation;
(iii) Listing and quotation of up to 251,587,641 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;
(iv) Admission to the Official List and listing and quotation of up to 251,587,641 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants; and
(v) Listing and quotation of up to 251,587,641 new TXB shares to be issued arising from the exercise of the Warrants.
============== Current NOSH = 2,214,714,736 Be aware of massive shares issuance for debt settlement, push NOSH to over 4.5 BILLION shares causing massive dilution of retailer shareholding equity Followed by shares consolidation to drastically reduce retailer shareholding And followed by massive shares issuance via rights issue needing retailer shareholders to fork out more money to subscribe
Very very messy exercise for retailer shareholders
VIZIONE is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 6 March 2024.
=================== Be careful if holding high NOSH low price penny stocks for long term
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 from share consolidation
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....
dompeilee
11,888 posts
Posted by dompeilee > 2023-06-06 19:17 | Report Abuse
Aiyo purposely PUSH up into the ToP Vol list to lure gambling ghost aunties/uncles to buy then TRAPPP them to try to pick their pockets for RI LOL