================== Multi quarter, multi year losses Directors only capable to increase company fund via shares issuance
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
THIS IS SUPPOSED TO BE CASH COW OF COMPUGATE 12 YEAS AGO. TILL NOW where is 20k per kg Geharu sap? Where has the $$$ gone?
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 20,000 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
Sad situation to those who fell into this trap... 😔 belongs to list of co that apply the same MO ..... sharks is an animal that has no compassion ... nobody gets out from this black hole
NOSH exceeded 5.5 BILLION shares due to directors frequent fund raising via share issuance to PP, ESOS, RI, etc causing massive dilution to shareholder equity % and EPS
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares 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....
whistlebower99
5,255 posts
Posted by whistlebower99 > 2023-05-16 12:14 |
Post removed.Why?