RENOUNCEABLE RIGHTS ISSUE OF UP TO 817,817,238 NEW ORDINARY SHARES IN KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") ("KOMARKCORP SHARES" OR "SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 272,605,746 FREE DETACHABLE WARRANTS IN KOMARKCORP ("WARRANTS D") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 29 MAY 2023
================= Rights issue @ 0.08 Listing date for rights shares and free warrant on 28 Jun 2023
PROPOSED SHARE CONSOLIDATION On behalf of the Board of Komarkcorp, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake a proposed consolidation of every 5 existing ordinary shares in Komarkcorp (“Komarkcorp Shares”) held by the shareholders of the Company on an entitlement date to be determined and announced later, into 1 Komarkcorp Share (“Proposed Share Consolidation”).
Further details of the Proposed Share Consolidation are set out in the attachment below.
This announcement is dated 23 August 2023. Please refer attachment below
KOMARK is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 23 August 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
============ On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 6 September 2023, approved the Proposed Share Consolidation comprising the listing and quotation of:
(i) up to 330,579,328 Consolidated Shares;
(ii) up to 61,172,891 Consolidated Warrants C; and
RENOUNCEABLE RIGHTS ISSUE OF UP TO 817,817,238 NEW ORDINARY SHARES IN KOMARKCORP BERHAD TOGETHER WITH UP TO 272,605,746 FREE DETACHABLE WARRANTS IN KOMARKCORP ("WARRANTS D") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 29 MAY 2023
================ Rights share subscribers incurring heavy losses at current market price of 0.035 - 0.04 Might incur more losses upon completion of share consolidation as the effective rights share cost is 0.40
Major shareholders who have subscribed several historical RIs at RM1.36/RM1.00/RM0.30cts/RM0.08 are loosing like hell....join them at 0.04cts at lesser risks now...can make ..
You sound so stupit. those money paid to the comp already siphoned out back to the one who subscribe RI la.
fl888
Major shareholders who have subscribed several historical RIs at RM1.36/RM1.00/RM0.30cts/RM0.08 are loosing like hell....join them at 0.04cts at lesser risks now...can make ..
CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") ("KOMARKCORP SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 25 OCTOBER 2023 INTO 1 KOMARKCORP SHARE
================ Take note of share consolidation date Your shareholdings will be reduced by 5 times Warrants WC and WD will also be reduced by 5 times while the exercise price will be adjusted and increased by 5 times !!!
On ex date 24/10, your shareholding has been reduced by 5 times Consolidated share price is (5 x 0.04) = 0.20 Warrants holders will also be affected by the share 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....
sunsetbiz
739 posts
Posted by sunsetbiz > 2023-07-06 12:16 | Report Abuse
just printing paper to sell to mkt.... :)