RENOUNCEABLE RIGHTS ISSUE OF UP TO 475,295,394 NEW ORDINARY SHARES IN SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") ("SAUDEE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE TOGETHER WITH UP TO 237,647,697 FREE DETACHABLE WARRANTS IN SAUDEE ("WARRANTS B") ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 21 MAY 2021 ("RIGHTS ISSUE WITH WARRANTS")
Directors did fund raising in May 2021 Directors raised maximum of 475,295,394 X 0.15 = RM71,294,309 How was the company fund used by directors to benefit the shareholders ?
Subscribers of rights issue incur huge losses
=============== Will directors continue to raise fund via share issuance at the expense of shareholders ?
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
JOHOR BAHRU (Feb 12): LY Frozen Food Sdn Bhd, its store manager, and its accountant, were discharged and acquitted by the Sessions Court here on Sunday (Feb 12) on a total of 12 charges of money laundering involving more than RM12 million between October 2018 and December 2020.
The decision was made by judge Fatimah Zahari after the prosecution withdrew all charges against the company; store manager Chong Kim Kuang, 50; and accountant Ng Yee Xin, 39, after they all paid a compounds totalling RM1.5 million.
5157 SAUDEE SAUDEE GROUP BERHAD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : TAY BEN SENG, BENSON NRIC/Passport No./Company No. : - Nationality/Country of Incorporation : Malaysia Address: - Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 03/02/2023 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 31/01/2023 Disposed 8,500,000 - Circumstances by reason of which change has occurred: Disposal through open market Nature of Interest: Direct Interest Consideration:
No of Shares Held After Changes: Direct : 88,500,000 shares (7.7610%) Total : 88,500,000 shares Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
5157 SAUDEE SAUDEE GROUP BERHAD Changes in Director's Interest (Section 219 of CA 2016) Particulars of Director Name : CHEN CHEE PENG NRIC/Passport No./Company No. : - Nationality/Country of Incorporation : Malaysia Address: - Descriptions (Class and Nominal Value): Ordinary Shares Details of Changes Date of Notice : 02/02/2023 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 30/01/2023 Disposed 8,736,000 - Circumstances by reason of which change has occurred: Disposal through open market Nature of Interest: Direct Interest Consideration: You are advised to read the entire contents of the announcement or attachment. Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
5157 SAUDEE SAUDEE GROUP BERHAD DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) Subject : Dealings Outside Closed Period 1. Details of Dealings Outside Closed Period Salutation : MR Name : TAY BEN SENG Designation : Executive Director Description of "Others" Designation : Type of Transaction : Disposed Date of Transaction : 16/02/2023 Description of Securities : Ordinary Shares No of Securities Transacted : 6,004,900 % of Securities Transacted : 0.527 Consideration : Malaysian Ringgit (MYR) 0.040 2. Details of Dealings Outside Closed Period Salutation : MR Name : TAY BEN SENG, BENSON Designation : Executive Director Description of "Others" Designation : Type of Transaction : Disposed Date of Transaction : 17/02/2023 Description of Securities : Ordinary Shares No of Securities Transacted : 8,000,000 % of Securities Transacted : 0.702 Consideration : Malaysian Ringgit (MYR) 0.040 Remarks : You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
SAME OLD SH*T! SIMILAR PATTERN OF PENNY STOCKS! RIGHTS ISSUES 0.15, FUND RAISING FOR OPERATING CAP AND PAYING DEBT AND DIRECTORS' FEES AND KEEP PILING LOSSES QTR A? ???FTER QTR AND YEAR AFTER YEAR! PRICE KEEP FALLING AS MINORITY SHAREHOLDERS SEE THEIR INVESTMENT DISAPPEAR! MORE RIGHTS ISSES? SHARES CONSOLIDATION??? THE ONLY SIGN IS THAT IT'S NOT GOING TO GET BETTER!
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 15 March 2023, resolved to grant the Company an extension of time until 26 September 2023 to implement and complete the Private Placement.
=============== Extension of time for directors to issue more shares to ESOS and PP Expect more shares issuance before 23 September 2023 Current NOSH already exceeded 1 BILLION shares, set to rise further
Long term loyal shareholders continue to have their equity % reduced together with the EPS if any
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
=========== Be careful holding high NOSH low price penny stocks many of which had undergone shares consolidation and rights issue to raise more funds from shareholders. Many retail shareholders had incurred huge losses due to directors undertaking shares consolidation to reduce the NOSH and then followed by fund raising via rights issue.
Director selling down lots of shares at low price. What is the reason?
Changes in Director's Interest (Section 219 of CA 2016) SAUDEE GROUP BERHAD
Particulars of Director Name MR TAY BEN SENG, BENSON 1 03/05/2023. 33,093,000 Disposed Direct Interest Name of registered holder Tay Ben Seng, Benson Description of "Others" Type of Transaction Consideration (if any)
Circumstances by reason of which change has occurred Disposal through open market Nature of interest Direct Interest Total no of securities after change Direct (units) 32,000,000 Direct (%) 2.806 Date of notice 03/05/2023
Price keep sliding lower 52 week low, 5 year low, ....all time low ? Any directors announcement coming soon ? If share consolidation and rights issue, good news for directors to collect more money, bad news for loyal long term shareholders to dig pocket for more money to contribute
MMAG is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 18 May 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 from share consolidation
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
BEWARE OF THE LEGAL SCAMMER : NEXGRAM!!!!! Before conso, majority of retail buy @ rm0.05 cent per share. Let say OKU_2020 buy 1 million unit@ rm50,000. Before conso, the share drop to rm0.01, which make OKU_2020 money became RM 10,000.
After conso, the value dropped to rm0.01 again, which result for OKU_2020's dropped to RM 1000.
From RM 50,000 to RM 1000. That's 98 percent of paper money loss...... This is the worst kind of scammer company in the whole world....
Let say after this consolidation 1:5 really happen. Then drop again to 1 sen.
20,000 unit x 0.01=rm200
This is the truth!!!!! from RM50,000 to RM200??????
We have to stop this legal scammer at all cost!!!!@@
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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
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Posted by whistlebower99 > 2023-02-15 11:00 | Report Abuse
FOR NEWBIES
RENOUNCEABLE RIGHTS ISSUE OF UP TO 475,295,394 NEW ORDINARY SHARES IN SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") ("SAUDEE SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE TOGETHER WITH UP TO 237,647,697 FREE DETACHABLE WARRANTS IN SAUDEE ("WARRANTS B") ON THE BASIS OF 2 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT B FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 21 MAY 2021 ("RIGHTS ISSUE WITH WARRANTS")
Directors did fund raising in May 2021
Directors raised maximum of 475,295,394 X 0.15 = RM71,294,309
How was the company fund used by directors to benefit the shareholders ?
Subscribers of rights issue incur huge losses
===============
Will directors continue to raise fund via share issuance at the expense of shareholders ?
===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance
================
TAYOR, set realistic target