Posted by sunsetbiz > 2021-12-07 09:51 | Report Abuse

tis year end ....next year new PP n esos again lol.

Posted by Sales > 2021-12-07 13:45 | Report Abuse

Pp and esos nothing new???

Posted by Investor787 > 2021-12-07 16:55 | Report Abuse

Wow seller coming , good for newcomer, Very bad for old tiimer. Soon newcomer will become old timer. Buy and cannot sell

Posted by SincereStock > 2021-12-07 19:28 | Report Abuse

haha, history repeat itself in bursa? lets see haha

Posted by MZM2511 > 2021-12-07 23:55 | Report Abuse

Some companies at BURSA are in war......

Fintec group nightmares on certain companies vs positive vibes from promoter vs negative vibes from speculators/spammers

Posted by BE_GREEEEEDY > 2021-12-08 15:55 | Report Abuse

aiyooo WC collapsed to coffin half sen edi...

Posted by lehubeng > 2021-12-08 16:46 | Report Abuse

buy or run? hold tight....

Posted by EvoDeer > 2021-12-08 18:53 | Report Abuse

Banyak tak habis 44444

Posted by FarmbesFlyer > 2021-12-09 01:30 | Report Abuse

Manage to sapu WC at 1 cent! Bloody cheap. Tomorrow sapu again...

Posted by gghaha > 2021-12-09 10:58 | Report Abuse

still long time and lot chances for you to get more cheap cheap shares...nothing to happy abt it...:)

Posted by whistlebower99 > 2021-12-09 12:28 | Report Abuse

FOR NEWBIES

Frequent issuance of shares by directors to raise more fund.


1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Subscription of up to 1,205,827,550 new ordinary shares in Borneo Oil Berhad by Macquarie Bank Limited
No. of shares issued under this corporate proposal 30,000,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0250
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 8,048,289,529
Issued Share Capital ($$) Malaysian Ringgit (MYR) 625,581,290.000
Listing Date 10 Dec 2021

====================
NOSH = 8,048,289,529

WC = 1,734,679,850
Maturity 2025-11-08
Strike value 0.0700

WD = 378,683,984
Maturity 2027-05-29
Strike value 0.0700

==================
Very heavy mother carrying 2 heavy children

==================

TAYOR, beware of possibility of shares consolidation proposal by directors to trim the NOSH

Posted by stockraider > 2021-12-09 13:17 |

Post removed.Why?

Posted by Sales > 2021-12-09 15:21 | Report Abuse

Don't give them chance to make profit of 0.005sen.

Posted by Valgrovest > 2021-12-09 16:54 | Report Abuse

On behalf of the Board, UOBKH wishes to announce that the Company had on 9 December 2021 received a Subscription Notice from Macquarie Bank for the subscription of 35,000,000 Bornoil Shares at a subscription price of RM0.0250.

The VWAP of Bornoil Shares during the 5 consecutive Trading Days up to and including 8 December 2021 is RM0.0246. For avoidance of doubt, pursuant to the terms of the Subscription Agreement, the parties of the Subscription Agreement have agreed to fix a floor price of RM0.0250 per Placement Share ("Floor Price"). For clarification, the subscription price can never be lower than the Floor Price, unless otherwise agreed between the parties of the Subscription Agreement. As such, this subscription price was fixed at the Floor Price.

Posted by Valgrovest > 2021-12-09 16:55 | Report Abuse

Looks like MQ doing their final bit of buying under the PP before they push up the price. Note also the floor price of 2.5sen meaning the PP cannot be cheaper than 2.5 sen.

Posted by MZM2511 > 2021-12-09 17:16 | Report Abuse

Subscription of Bornoil PP shares by McQuire Bank
up to 9 Disember 2021
---------------------------------------------------------
......

06-Dis -2021 14,000,000 unit @RM0.025
08-Dis -2021 30,000,000 unit @RM0.25
09-Dis -2021 35,000,000 unit @RM0.25



Maximum units can be subscribed by Mcquarie Bank = 1,205,827,550 units

Total units subscribed (up to 9 Disember 2021) = 1,086,000,000 units

Percentage of shares subscribed: 90.06 %

Outstanding balance shares unsubscribed = 119,827,550 units

Percentage of shares unsubscribed: 9.94 %

Total NOSH after the last subscription 8,083,289,529 unit of shares

Posted by Valgrovest > 2021-12-09 17:25 | Report Abuse

PP going to finish. Fasten your seat belt for flight take off.

Posted by UncleFollower > 2021-12-09 17:26 | Report Abuse

This is more like it la MQ. Don't be like before 1 or 2 weeks only do 5M shares...embarassing. Just finish it. We wait till neck long.

Posted by Terjunbotol > 2021-12-09 17:27 | Report Abuse

I i captain

Posted by UncleFollower > 2021-12-09 17:32 | Report Abuse

Since July 2020 Bornoil raised $90M from these endless PPs ESOS etc...

30/09 report shows only about $27M cash in hand...

Over this period they didn't make a loss (if any, it's negligible)...

Where is the money. Lazy to dig lol ok maybe when have time

Posted by UncleFollower > 2021-12-09 17:34 | Report Abuse

Higher cement price in Sabah due to surge in freight charges, cost of clinker

State has seen twofold increase in cargo rate in last couple of months

Published on 09 Dec 2021 7:00AM ·

KOTA KINABALU – Higher freight charges and cost of clinker have contributed to increased cement prices in Sabah, the state assembly was told yesterday.

Local Government and Housing Minister Datuk Seri Masidi Manjun said that freight charges to Sabah have gone up nearly twofold the last couple of months, and that the state does not control the prices of clinker as it is traded in the international market.

“The price of clinker is only produced in Peninsular Malaysia and all transactions are done in US dollars.

“This means if our ringgit falls, the cost will be much higher,” said Masidi during his ministerial winding-up speech, here yesterday.

Masidi said this in response to several side questions posed by Sabah opposition leader Datuk Seri Mohd Shafie Apdal (Senallang-Warisan) who had asked about the measures taken by the state government to mitigate cement prices and the surging prices of houses.

To deal with the problem, Masidi said Cement Industries (Sabah) has proposed to set up a one-stop buying centre at its factory to ensure developers and others could buy cement at factory prices.

“I believe the prices of cement in Kota Kinabalu when transported to other areas in Sabah have gone up by around RM3.

“In the previous cabinet meeting, I proposed a retail buying centre so buyers can buy at factory prices,” he said.

Masidi said there’s a need to cut the cost of middlemen, which had contributed to the higher cost of such materials, as well as cutting the cost of building affordable homes.

The Karanaan assemblyman has noted that house prices near the city centre are so expensive, some priced much higher than homes in Kuala Lumpur.

He said when he took over as the housing minister, he had found that the state housing agency, LPPB, does not have much land bank to build affordable homes.

“We have to look for more land for LPPB. I may have found one place. Just probably, the land prices are still reasonable. I'm referring to the land on the old Papar road, which is also along the new Pan Borneo highway,” said Masidi.

Masidi said if the state would be able to acquire the land at a good price along the old Papar road, it could build affordable homes.

He said although Papar is quite a distance from the city, driving time would be shortened and improved once the Pan Borneo Highway is completed.

“This is what I believe. We have to buy land outside of the city centre, but with better road connectivity, the drive from home to work for many workers would be easy,” he said.

Posted by MZM2511 > 2021-12-09 18:31 | Report Abuse

Just for evaluation about me.

https://klse.i3investor.com/servlets/cube/post/mzm2511.jsp

-------------
Also can evaluate stockraider account here. You, stockraider a.k.a wistlebower99, BILLC and your gang continously spamming ghost story here to dampen the stock price.

I think stockraider a.k.a wistlebower99 the gang are in the final stage and keep ready to pickup the shares at lower price.

https://klse.i3investor.com/servlets/cube/post/stockraider.jsp

https://klse.i3investor.com/servlets/cube/post/billc.jsp

Posted by whistlebower99 > 2021-12-10 15:23 | Report Abuse

FOR NEWBIES

Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Subscription of up to 1,205,827,550 new ordinary shares in Borneo Oil Berhad by Macquarie Bank Limited
No. of shares issued under this corporate proposal 35,000,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0250
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 8,083,289,529
Issued Share Capital ($$) Malaysian Ringgit (MYR) 626,456,290.000
Listing Date 13 Dec 2021

=====
Non stop fund raising by issuing new shares to PP or ESOS
NOSH already exceeded 8 BILLIONS shares comparable to Topglove
Shareholders equity % continue to be diluted
Reduction in EPS if any

Price too heavy to move up

======
Be careful of possibility of directors deciding to propose shares consolidation to trim the NOSH to a reasonable level.

TAYOR

Posted by SincereStock > 2021-12-10 16:38 | Report Abuse

oldbies bought at much higher price now telling newbies don't buy at current lower price

Posted by Valgrovest > 2021-12-10 21:53 | Report Abuse

Director continued to buy today, company did some share buy back, MQ submitted PP subscription of 35m. All positive factors. Soon share price going to fly.

Posted by Orson Chin > 2021-12-10 23:38 | Report Abuse

Hahaha… yap.. give u a consolidation soon.. 100:1 ..

Posted by MZM2511 > 2021-12-12 17:19 | Report Abuse

@Orson Chin. It's better if the company propose for 1 : 8,004,289,529 conso....

Posted by Will188 > 2021-12-13 09:54 | Report Abuse

Ya. Using shareholder money to fund business. Those short term sure lose. Leaving big chunk of asset to them.

Posted by Valgrovest > 2021-12-14 21:49 | Report Abuse

Wait for updates from AGM on 17/12. Hope company going to announce some positive developments such as their gold mining, new limestone factory and not forgetting their chili padi sauce (Sabasco).

Posted by Investor787 > 2021-12-15 00:38 | Report Abuse

He he recycle hope and wishes for the newbies

Posted by gghaha > 2021-12-15 15:57 | Report Abuse

here in here out....malaysia mkt really just a money printing machine for all the investor..

Posted by whistlebower99 > 2021-12-15 16:59 | Report Abuse

FUND RAISING VIA SHARE ISSUANCE TO PP INVESTOR

Subscription of up to 1,205,827,550 new ordinary shares in Borneo Oil Berhad by Macquarie Bank Limited
No. of shares issued under this corporate proposal 7,000,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0250
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 8,090,289,529
Issued Share Capital ($$) Malaysian Ringgit (MYR) 626,631,290.000
Listing Date 16 Dec 2021

=================
NOSH keep increasing
Existing shareholder equity & EPS keep diluting

Posted by mhanaS > 2021-12-15 20:38 | Report Abuse

Thanks @Valgrovest. As always, please update any news here. Exciting times ahead!

Posted by justin1njp > 2021-12-16 08:51 | Report Abuse

Tomorrow AGM.
Anyone going to attend?
Do ask about JORC report. When r they going to release?

Posted by Will188 > 2021-12-16 16:49 | Report Abuse

Remember what I said. Only when we keep on remind us/newbie, the operator only won't treat us like a fool using our money to fund business. ST plz stay out here.. Many already fall to this trap include myself.

Posted by gghaha > 2021-12-17 10:09 | Report Abuse

u may prepare to loss lot to loss all if keep to invest those penny stock in mkt..:)

Posted by Valgrovest > 2021-12-17 11:33 | Report Abuse

Just sharing for everyone info. I might not have captured everything and anyone else who attended the AGM this morning, please feel free to add.

Attended virtual AGM just now. Prospect of company looks good. They tried to answer most of the questions especially those from MSWG. CEO, Datuk Ambrose Joseph Lee, personally addressed questions relating to share prices and company performance and future prospect. I think he gave quite a good and impressive answer. He hears the concerns from all about the weak share price performance. He mentioned that he has been buying the company shares almost everyone and thinks that it is a rare opportunity to buy at the current share price. His rationale is buy when there is adversity and not chase only after the wind. Gold mine is currently under trial run whilst the project team has restarted the new limestone factory in Nov21 (after delay caused by MCO). He is optimistic of better days ahead and expects to see great value when their 3 business divisions come to maturity.

Posted by Valgrovest > 2021-12-17 11:51 | Report Abuse

All proposed resolutions were carried. No plan for share consolidation.

Posted by gghaha > 2021-12-17 14:44 | Report Abuse

dir always is the best actors for the company...:)

Posted by whistlebower99 > 2021-12-17 16:20 | Report Abuse

NEWBIES be advised to stay out of low price cheap penny stocks with total issued shares exceeding 1 BILLION shares.

Directors have the power to decide on shares consolidation to reduce shareholders holding by at least 10 times based on what had happened to other stocks like pasukgb, lambo, mtouche, pdz, sanichi, trive, and many others.

Kanger and Mtronic recently proposed shares consolidation. Which low price cheap penny stock next to join the growing list?

TAYOR

Posted by Valgrovest > 2021-12-17 19:26 | Report Abuse

I think action speaks louder than words - Datuk Ambrose Lee bought more shares (direct and indirect) and emerged as new substantial shareholder. Interesting to note that he is also a shareholder of Victoria Principal. This means he is CK Lau's man. I believe we could see many more interesting development in this company soon.

Posted by MZM2511 > 2021-12-17 19:33 | Report Abuse

@Valgrovest. Thank you for noting about Datuk Ambrose shareholding updates.
Never look at it before... Cheers

Posted by justin1njp > 2021-12-17 20:58 | Report Abuse

RM110,713,526 spent to buy 1,258,108,250 shares. By Datuk Ambrose

Posted by justin1njp > 2021-12-17 21:02 | Report Abuse

With an average price of 8.8 sen.
2.5 sen is really cheap.

Posted by Investor787 > 2021-12-17 21:57 | Report Abuse

Pp Esos , Left hand , right hand , consolidate

Posted by whistlebower99 > 2021-12-17 22:35 | Report Abuse

Suspicious transaction price of 8.8 sen when market price is only 2.5
More like related party transaction to record a high transaction price for whatever reason.
Probably trying hard to attract people like MZM and newbies to get into the game.

If transaction is real, the seller is very lucky and can buy back from market and keep the difference as clean profit.

Posted by jollywin > 2021-12-17 22:48 | Report Abuse

Anyone attend the AGM and any news to share ?

Posted by UncleFollower > 2021-12-17 23:15 | Report Abuse

It's not a suspicious transaction lol

That announcement simply means Ambrose is now a director/ shareholder of Victoria Cap and therefore has to now declare an indirect interest via the Bornoil shares held by Vic Cap

The average price of 8.8 sen represents Vic Cap's acquisition cost. Yes 2.5 sen is really cheap.

Posted by UncleFollower > 2021-12-17 23:16 | Report Abuse

Valgrovest thanks for the update so nice to have credible news in this forum

Posted by Orson Chin > 2021-12-17 23:17 | Report Abuse

8.8 cts ??? Now only 2.5 cts ….. lugi so much