Probability to strike a 4-digit number is one out of 10000 which is 0.01%. In 4d Magnum, Damacai or TOTO, there are 23 4d numbers for every draw. Chance to strike a price in a draw is 0.0001 x 23 = 0.0023 = 0.23%, extremely low. But still people flocking into the 4d shops to buy in at least a number, a good luck charm they say. Similarly in the stock market, many take the chance whether they realise or not any of the counters is 'designated' con or not con. Hihihihi....
The two husband and wife big shots got huge number of shares after the debt settlement issue by the company. They already put up notice of their intention to deal with the shares. The debt settlement issue was rated at about 1.9 sen per shares. Then what the price they intent to sell, minimum 2 sen or maxinum 1.5 sen if they want to buy in more shares. They may slowly push up the price, let say maximum 4 sen which they'll make more than double of their allocated shares.
What's the motive behind they willingly accepted the settlement by shares issued rather by cash. Some said it's nice of them to accept the shares to indicate their confident in the company's operations and future undertaking. By the way how's the jackpot project as speculated by one SipekHuat the Huat Projects?
This is the norm in shares market dealing. They got the volume and money to manipulate to make more money then they will execute their plan without mercy. Don't expect them to 'kasihan' you. You want to deal you pay for it, no free ride. So whether you branded them shark or whatever or you pee pee pee pee peeee... to alert others, they would still go on to hit at it and you sure be enticed to join in... who don't want to make easy money... Everybody knows how wonderful heaven is... but then many many many still do sins... kihkihkih
So this counter shows an early indicator that sharks are planning to enter by disguising as dolphines to entice you to come to play with them . . . Hope it is so !
COMPUGATES HOLDINGS BERHAD ("CHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
On behalf of the Board of Directors of CHB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a proposed private placement of up to 20% of the total number of issued shares of CHB to third party investor(s) to be identified later at an issue price to be determined and announced later ("Proposed Private Placement").
For the avoidance of doubt, the Proposed Private Placement is not undertaken in accordance with the general mandate pursuant to Section 75 and 76 of the Companies Act, 2016 but that the Proposed Private Placement is subject to, amongst others, the specific approval to be approved by the shareholders of CHB in an Extraordinary General Meeting of CHB to be convened.
Further details of the Proposed Private Placement are set out in the attachment enclosed.
1. KANGER INTERNATIONAL BERHAD ("KANGER" OR THE "COMPANY") PROPOSED SHARE CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN KANGER ("KANGER SHARE(S)") INTO 1 KANGER SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION")
2. METRONIC GLOBAL BERHAD ("METRONIC" OR THE "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
HIS IS SUPPOSED TO BE CASH COW OF COMPUGATE 12 YEAS AGO. TILLNOW THE $$$$$ IS GOING TO WHOSE POCKET ?
Agarwood is known as “Gaharu” by the Indonesians/ Malaysians and as Chén-xīang (沉香) in Chinese. Formation of agarwood occurs in the trunk and roots of Aquilaria trees that have been infected by a type of fungus. A dark resinous heartwood called the “Gaharu” is formed in result of the infection and is highly valued for its distinctive fragrance used for incense and perfumes. A kilogram of unprocessed “Gaharu” heartwood can fetch as much as RM 10,000 per kilogram. Distilled “Gaharu” essential oil can command up to RM 100,000 per kilogram and the price is expected to rise due to increasing international demand. Leaves of the tree is processed into Gaharu tea and is also highly sought after by the Chinese and Japanese for its many medicinal qualities. In 2004 all Aquilaria species were listed in Appendix II (potentially threatened species) by the Convention on International Trade in Endangered Species of Wild Fauna and Flora.
Compugates Marketing Sdn Bhd (“CMSB”), a wholly-owned subsidiary of the Group ventured into agriculture in year 2010 through their pilot project of Gaharu cultivation in Kuala Kangsar, Perak. 25,000 Gaharu seedlings were planted and the Gaharu plants are thriving
Assuming each tree produce 1kg of sap per qtr ($10k rgt) 25,000 TREE X 10K RGT = $250m rgt
Instead of billion dollar revenue, CON-PUGATE release 16 qtrs of continuos loses.
MACC should investigate this company 25000 trees and where the billions of revenue has gone to?
if my calculation is correct, last 10 years, should see profit of billions ya.... MACC, this is where you should dig into and find out the truth
More fund raising, more shares issuance for private placement by directors
COMPUGATES HOLDINGS BERHAD ("CHB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 4 January 2022, resolved to approve the listing and quotation for up to 763,940,372 Placement Shares to be issued pursuant to the Proposed Private Placement.
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Compugates Holdings Berhad No. of shares issued under this corporate proposal 763,940,372 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0090 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 4,583,642,235 Issued Share Capital ($$) Malaysian Ringgit (MYR) 81,429,473.550 Listing Date 23 Mar 2022
================ Frequent fund raising by directors via shares issuance to PP and ESOS More dilution to equity % and EPS NOSH = 4,583,642,235 will hit 5 BILLION shares in near future Making losses in most of last 13 years
=============== Possible for directors to propose shares consolidation to trim down the NOSH like other loss making penny stocks like pauskgb, kanger, pdz, lambo, etc
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Compugates Holdings Berhad No. of shares issued under this corporate proposal 763,940,372 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0090 Latest issued share capital after the above corporate proposal in the following Units 4,583,642,235 Listing Date 23 Mar 2022
================ Particulars of substantial Securities Holder Name CURATE HOLDINGS SDN. BHD. 1 22 Mar 2022 763,940,372 Others Direct Interest Subscription of shares under Private Placement Direct (units) 1,006,487,872 Direct (%) 21.958 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 1,006,487,872 Date of notice 23 Mar 2022
------------------------------- Particulars of substantial Securities Holder Name MISS SOO YI XIN 1 22 Mar 2022 763,940,372 Others Indirect Interest Name of registered holder CIMSEC Nominees (Tempatan) Sdn. Bhd. CIMB for Curate Holdings Sdn. Bhd. (PB) Subscription of shares under Private Placement Direct (units) 200,000 Direct (%) 0.004 Indirect/deemed interest (units) 1,006,487,872 Indirect/deemed interest (%) 21.958 Total no of securities after change 1,006,687,872 Date of notice 23 Mar 2022
================= Massive fund raising via shares issuance to PP (taken up by a single investor) Further dilution of shareholder equity % and EPS NOSH = 4,583,642,235 inching towards 5 BILLION shares Loss making in most of last 20 years
================== A number of loss making high NOSH penny stocks had done shares consolidation and rights issue with free warrants to raise more fund. See pasukgb, pdz, lambo, sanichi, kanger, etc
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....