Directors are responsible to ensure success of rights issue exercise to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue shares.
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Be careful when penny stocks raise fund by issuing massive number of shares. Many cases like pasukgb, lambo, kanger, etc and now pdz
Another quarter of losses Another year of losses expected making it 5 consecutive years of losses
Revenue P/L Quarter Q Date Financial Year Announced 1.80m -1.34m 3 2021-09-30 31 Dec, 2021 2021-11-30
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Be aware of recently completed corporate exercise:
Announced EX Date Subject Ratio Offer 27 Aug 2021 30 Sep 2021 Rights Issue 6.0000 : 1.0000 0.1400 27 Jul 2021 09 Aug 2021 Share Consolidation 1.0000 : 10.0000
Another quarter of losses though lower Profit/(loss) attributable to ordinary equity holders of the parent -496,000
============= Multi year, multi quarter loss making company Directors continue to receive remuneration and payment
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
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....