Posted by joyvest > 2023-08-03 07:14 | Report Abuse

PP was set at 0.185 in May 23 but its trading at 0.185 if not lower now.

Do you really believe that the company would be able to complete the PP by the time Extension in 2024 for lack of interest from investors?

No wonder it has been trying to stimulate the share price by signing more and more "MOU".

Posted by joyvest > 2023-08-03 07:56 | Report Abuse

The further time extension to complete the PP in 2024 is the clear demonstration of the inability of the company to draw interests from the investors to subscribe for its PP.

Hence,the PP is expected to be doomed for failure to raise equity funding.

Posted by Felix888 > 2023-08-03 08:02 |

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Posted by UlarSawa > 2023-08-03 08:08 |

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Posted by SomaCruz89 > 2023-08-03 08:10 |

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Posted by UlarSawa > 2023-08-03 08:11 |

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Posted by joyvest > 2023-08-03 08:12 | Report Abuse

The further time extension to complete the PP in 2024 is a clear demonstration of the inability of the company to draw interests from the investors locally or abroad to subscribe for its PP.

Why are the investors not keen to subscribe for? The answer is very clear. Investors have lost faith in this company.

Posted by SomaCruz89 > 2023-08-03 08:16 |

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Posted by joyvest > 2023-08-03 08:18 | Report Abuse

The truths are out there ,the signs are out there and the foresights are our there .They are considered as the harbingers of D-day to happen...

Posted by mf > 2023-08-03 08:28 | Report Abuse

Dow Jones

Dow Jones Industrial Average

35,282.52

-348.16

0.97%

Nasdaq

NASDAQ Composite

13,973.44

-310.46

2.17%

Posted by UlarSawa > 2023-08-03 08:33 |

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Posted by joyvest > 2023-08-03 09:02 | Report Abuse

PP is set at 0.185 which is a huge bargain too good to be true to the investors . Despite that , PP is still not fully subscribed as a result of which it is so pathetic to seek time extension. Given the size and status of this company,it should not have happened.too bad.it did happen....

Why? No confidence in this company is the main reason.

Posted by UlarSawa > 2023-08-03 09:08 |

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Posted by UlarSawa > 2023-08-03 09:09 |

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Posted by Johnchew5 > 2023-08-03 09:12 |

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Posted by joyvest > 2023-08-03 09:19 | Report Abuse

PP is set at RM 0.185 which is a huge bargain too good to be true to the investors . Despite that , PP is still not fully subscribed as a result of which it is so pathetic to seek time extension. Given the size and status of this company,it should not have happened.too bad.it did happen....

It is believed that majority of the existing shareholders are so pissed off at PP price set at RM 0.185 meaning the company is required to issue more shares thereby diluting their interest. To date, Jaks share capital has already been ballooned to 2.9 b shares.

On a seperate note, PP is set at RM 0.185 but the currrent MV RM 0.185 , Do you really believe the investors would subscribe for it given the pathetic MV ? Even they have subscribed , do you think the share price would be multiplied to their wish ,perhaps in a million years ?

Posted by SomaCruz89 > 2023-08-03 09:35 |

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Posted by UlarSawa > 2023-08-03 09:37 |

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Posted by SomaCruz89 > 2023-08-03 09:40 |

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Posted by UlarSawa > 2023-08-03 09:47 |

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Posted by UlarSawa > 2023-08-03 09:51 |

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Posted by SomaCruz89 > 2023-08-03 09:56 |

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Posted by UlarSawa > 2023-08-03 09:59 |

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Posted by Johnchew5 > 2023-08-03 12:30 |

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Posted by Johnchew5 > 2023-08-03 12:33 |

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Posted by Johnchew5 > 2023-08-03 12:36 |

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Posted by joyvest > 2023-08-03 12:37 | Report Abuse

PP is set at RM 0.185 but the currrent MV is RM 0.185 .

Do you really believe the investors would subscribe for it given the pathetic MV ?

Even they have subscribed for it , do you really think the share price would be multiplied to their wish ,perhaps in a million years ?

Posted by Johnchew5 > 2023-08-03 12:46 |

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Posted by Johnchew5 > 2023-08-03 12:47 |

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Posted by joyvest > 2023-08-03 12:49 | Report Abuse

One lady youtuber has recommended to buy stocks at bargain price , price of too good to be true. Many believe her that the " stone " could be turned into " Gold" , One of the stocks recommended is Jaks. She even advises to
keep averaging down. However many stocks recommended by her are backfired. Some have turned into PN 17 while some are on the verge of triggering PN 17.

Basically, if you believe her, you believe in everything. Similarly , if any fellow over here to keep fretting on you to buy , its basically dumping your money to the sea of no return. It is not a matter of cheapness but a matter of worth. it is not worth to take the risk so back off.

Posted by joyvest > 2023-08-03 12:50 | Report Abuse

PP is set at RM 0.185 but the currrent MV is RM 0.185-0.19 .

Do you really believe the investors are drawn to subscribe for it given the pathetic MV ?

Even they have subscribed for it , do you really think the share price would be multiplied to their wish ,perhaps in a million years ?

Posted by Johnchew5 > 2023-08-03 12:52 |

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Posted by Johnchew5 > 2023-08-03 12:54 | Report Abuse



On behalf of the Board, UOBKH wishes to announce that an application has been submitted to Bursa Securities on 3 July 2023 to seek for its approval for an

extension of time of up to 29 January 2024 for the Company to complete the

implementation of the Private Placement (“Extension of Time Application”). The Extension of Time Application is sought pursuant to Paragraph 6.63 of the Listing Requirements. 




This announcement is dated 3 July 2023.

Posted by joyvest > 2023-08-03 12:59 | Report Abuse

The further time extension to complete the PP in 2024 is a clear demonstration of the inability of the company to draw interests from the investors locally and / or abroad to subscribe for its PP.

Why are the investors not keen to subscribe for? The answer is very clear. Investors have no confidence in this company.

Posted by joyvest > 2023-08-03 13:07 | Report Abuse

It is believed that majority of the existing shareholders are very pissed off with the company to set PP price at RM 0.185 meaning the company is required to issue more shares thereby diluting their interests

To date, Jaks share capital has already been ballooned to 2.9 b shares.

Posted by Johnchew5 > 2023-08-03 14:31 |

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Posted by Johnchew5 > 2023-08-03 14:40 |

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Posted by joyvest > 2023-08-03 14:40 | Report Abuse

The more you chatter , the more you run away from reality like a chicken head.

Posted by joyvest > 2023-08-03 14:44 | Report Abuse

Despite it is cheap sales now , the buying power is less than 30%. Why ?

Posted by joyvest > 2023-08-03 14:45 | Report Abuse

Dont beat the bush by murmuring, come to the points.....

Posted by UlarSawa > 2023-08-03 14:48 |

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Posted by UlarSawa > 2023-08-03 14:52 |

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Posted by joyvest > 2023-08-03 14:52 | Report Abuse

By the time when the time tells, the company could be half dead ,if not dead. What is your sense of judgements from the circumstances and facts surrounding the company ? Why is the receivables still mammoth as at to date despite some projects are near the stages of completion as claimed?

Posted by UlarSawa > 2023-08-03 14:57 |

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Posted by joyvest > 2023-08-03 15:03 | Report Abuse

You look but you dont see and you hear but you dont listen. Just because you cant see , you give the excuse as you are not the almighty. We are talking about sense of judgement . You dont wait to run only the sky has fallen . The investors have run before the sky is falling.

Posted by UlarSawa > 2023-08-03 15:04 |

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Posted by joyvest > 2023-08-03 15:04 | Report Abuse

With the pathetic PP price of RM 0 185, do you know how many shares the company need to issue in addition to their ballooning existing share capital of 2.9 b to date ? Do you really believe that the the existing shareholders would be happy about the dilution of their shareholdings as a result of more shares to be issued at pathetic PP price of 0185?

Posted by UlarSawa > 2023-08-03 15:08 |

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Posted by UlarSawa > 2023-08-03 15:10 |

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Posted by joyvest > 2023-08-03 15:10 | Report Abuse

Reasonable assumptions are made based on the circumstances surrounding the company at the particular point in time. In the dynamic changing world, the circumstances could be changed and the assumptions would be changed accordingly in line with the changed circumstances. There is nothing wrong with it .