KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 5 April 2022, resolved to grant the Company an extension of time until 4 November 2022 to implement the Rights Issue with Warrants.
Another quarter of losses Multi quarter and multi-year 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
Net Decrease in Cash and Cash Equivalents (31,708) Effect of exchange rate changes 111 Cash and Cash Equivalents at Beginning of Period 36,839 Cash and Cash Equivalents at End of Period ( i ) 5,242
================= Cash depleted to 5,242,000 Be prepared for directors to raise more fund to boost up company fund Be prepared for directors to issue more shares to ESOS, PP or RI
================ NOSH = 577,356,548
WC = 240,460,690 Maturity 2024-01-10 Strike value 0.5600
================ Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
=================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 5 April 2022, resolved to grant the Company an extension of time until 4 November 2022 to implement the Rights Issue with Warrants.
=========== Rights issue announcement could be any time before 4 Nov 2022
Should the Company require more time to implement the Rights Issue with Warrants, an application for an extension of time will be submitted to Bursa Securities closer to the implementation deadline of 4 November 2022, and in any case shall not be later than 14 days prior to 4 November 2022, in compliance with Paragraph 6.63(1) of the Listing Requirements.
This announcement is dated 20 September 2022.
================ TAYOR with the pending rights issue in mind.
KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS
On behalf of the Board, TA Securities wishes to announce that the Company had on even date submitted an application to seek Bursa Securities’ approval for an extension of time of 6 months from 5 November 2022 up to 4 May 2023 for the Company to implement and complete the Rights Issue with Warrants.
This announcement is dated 19 October 2022.
=============== Fund raising via shares issuance to RI not completed yet
Look out for more dilution and NOSH to increase further before 4 May 2023
=============== 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 multi year loss making penny stocks, many of which had done 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....
KAQ4468
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