@AlfI3, agree and one of the several court cases, counter claims by JJ, was dismissed. But prc went down by 36% today.....Due to small volume price can fluctuate wildly :(
look like no goreng...just want to release the allotment ..maybe between 10-12c ..depend on wa price. gap will be close but dont know when. depend how greedy operator..monday see price close
@Anisdesanika, happy for you too. But from what I can see, bower is giving almost same warnings in many many counters surely will applies in some. It like telling everyone be careful in driving, else will involve in accident. Surely some ppl will involve in accidents. Don't know bower recommended any good counters. I like to know. Just my two sens, haha.
Total valid acceptances 93,436,814 15.40 Total valid excess applications 306,812,737 50.57 Total valid acceptances and excess applications 400,249,551 65.97 Total Rights Shares available for subscription 606,704,826 100.00 Not subscribed for 206,455,275 34.03
=============== Total valid acceptance very low at 15.40% Excess application at a high of 50.57%, most likely by other penny stock companies and operators.
Possible scenario is the operators and applicants of excess shares will attempt to support the price, create news & excitement to sell their allocated shares to market to release their fund tied up in the subscription.
To the directors, the fund raising exercise is considered a success even though it is not 100%.
Directors are responsible to ensure success of rights issue to raise fund from shareholders but they are not responsible to ensure shareholders make money from subscription of rights issue.
61% mother and 76% wc shares from excess application. mother 6x0.125=0.75 wc 2x0.045=0.09 [0.75+0.09=0.84] same as subscribe price. See how 61% and 76% shares unload to trader. Monitor volume. 300M and 100M need to be clear. Good luck punter
I was surprise to find free shares of pdz wb in my portfolio today... Eventhough i've sold all last week...It's a very nice surprise...Should i sell / hold???
These are PDZ WC not PDZ WB. Today buy rate is 55% for PDZ WC. You need to use your own judgement and think like a leader to decide whether should sell or hold.
Total valid acceptances 93,436,814 15.40 Total valid excess applications 306,812,737 50.57 Total valid acceptances and excess applications 400,249,551 65.97 Total Rights Shares available for subscription 606,704,826 100.00 Not subscribed for 206,455,275 34.03 ------------------------------------------------- Total valid acceptance very low at 15.40% Excess application at a high of 50.57%, most likely subscribed by other penny stock companies and operators
Total amount raised = 400,249,551 X 0.14 = RM 56,034,937 ---------------------------------------------------
Most of the shares are now held by specific parties that subscribed under excess application. Most likely they will dispose at 14 or slightly below to effectively make the fund raised by PDZ rights issue coming from retailers who bought from them. This way, they can release the money used in the excess application and move on to next target.
I sold all as i have a bit only. Also Difficult to keep track of too many counters. Profit enough for minum kopi for 2 months. Conclusion: can profit, but maybe don't be greedy.
quite interest to see both warrant does not fall below 0.040 as per others fintec RI. PDZ also does not fall below 110. I still think there will be some goreng2 soon. Dont miss the boat. TAYOR
COMPLETION OF SHARES CONSOLIDATION AND RIGHTS ISSUE WITH WARRANTS
1. CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
2. RENOUNCEABLE RIGHTS ISSUE OF UP TO 797,746,170 NEW ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.14 PER RIGHTS SHARE TOGETHER WITH UP TO 265,915,390 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS C") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS C FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 1 OCTOBER 2021
==================================== On behalf of the Board, Mercury Securities wishes to announce that the Rights Issue with Warrants has been completed following the listing and quotation of 400,249,551 Rights Shares, 133,416,423 Warrants C and 70,095,402 additional Warrants B on the Main Market of Bursa Securities today.
This announcement is dated 2 November 2021.
====================================== Amount Raised = 400,249,551 X 0.14 Total issued shares = 501,367,022 WB = 101,935,626 WC = 133,416,423
====================================== Based on the low NOSH after the corporate exercises, directors still has options to issue more shares to ESOS and PP to raise more fund in near future.
Low NOSH of 501,367,022 make it easier for operator to goreng.
Just be careful not to be caught at high price as operator would try to unload their excess rights shares to market.
Company directors already collected the fund from rights issue and if operator manage to release their money tied up in excess rights shares, objective met.
In near future, there will likely be dilution to shareholdings equity % due to fund raising via share issuance to ESOS and PP.
17 of last 18 quarters reported losses Need to monitor the performance for next few quarters as well as how directors utilise company fund derived from rights issue exercise
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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....
Legend
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Posted by Legend > 2021-10-29 10:27 | Report Abuse
Standby.....davinci code sudah keluar.