volume increased but still no movement... how much esos (0.021)remaining? still more than 500 million pp not yet subscribed. who is the pp beneficiary? what is the minimum price for pp subscrition?
Frequent fund raising by directors More share issuance to ESOS, PP More profit for employee and PP investors NOSH keep increasing More dilution to shareholder equity % and EPS
================ Details of corporate proposal Exercise of Share Options No. of shares issued under this corporate proposal 25,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0210 Latest issued share capital after the above corporate proposal in the following Units 8,686,317,079 Listing Date 23 Aug 2022
================= TAYOR, be careful trading high NOSH penny stocks
new esos again... another 10% of existing NOSH Bad Quarter Result Next Week Out NO CURE to this GONEOIL@bornoil 1.5 sen on the way be prepared for the worst
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of substantial Securities Holder Name MT 23 RESOURCES LTD Direct (units) 665,656,000 Direct (%) 7.66
Directors only capable in fund raising via share issuance?
Details of corporate proposal Exercise of Share Options No. of shares issued under this corporate proposal 27,800,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0210 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 8,714,117,079 Issued Share Capital ($$) Malaysian Ringgit (MYR) 640,632,979.000 Listing Date 26 Aug 2022
I think the future share price movement would depend very much on the strategy plan of the new shareholder (MT 23) and the outcome of the quarterly results (expected in the coming days). There seems to be something unusual with its volume over the last few days and expect this to continue.
Details of corporate proposal Exercise of Share Options No. of shares issued under this corporate proposal 27,800,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0210 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 8,714,117,079 Issued Share Capital ($$) Malaysian Ringgit (MYR) 640,632,979.000 Listing Date 26 Aug 2022 ===== Pergghhhh..... Mom BORNOIL@GoneOil to be 1 sen WC , WD will be COFFIN
PP by MQ again...550 million shares.... minimum price 0.015.... think bornoil will drop to 0.015 -0.02 soon ...no positive movement before MQ subscription completes.....
@lehubeng PP by MQ again...550 million shares.... minimum price 0.015.... think bornoil will drop to 0.015 -0.02 soon ...no positive movement before MQ subscription completes..... ------------- CAN'T RULE OUT BornOil 1 sen WC , WD become Toilet paper No Buyer
Pursuant thereto, the Board of Directors of Borneo Oil Berhad wishes to announe that Borneo Oil Berhad had on 29 August 2022 entered into a Subscription Agreement with Macquerie Bank Limited("investor") for the subscription of 550,000,000 Bornoil shares ("Placement Shares") in accordance with the terms and conditions of the Subscription Agreement.
The 550,000,000 Placement Shares under the Subscription Agreement represent approximately 6.35% of the total current number of issued Shares (excluding treasury shares).
Further details of the Proposed Subscription is set out in the attachment enclosed.
==================== Directors still busy with fund raising via shares issuance to PP, ESOS More dilution to shareholder equity % and EPS Upon PP completion NOSH will increase to 8,714,117,079 + 550,000,000 = 9,264,117,079 !!!
MNC is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 29 August 2022.
=================== Be careful trading high NOSH low price penny stocks
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
List of penny stocks with shares consolidation :-
2022 in progress - MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR
directors no confident with own performance? PP minimum price only 0.015. and MQ can sell anytime after acquiring PP. fundraising of profiteering ? sacrifice retailers? ..... doubtful....
lehubeng@ 72mil esos at 0.022... never ending esos...how much esos left? ========= Types of corporate proposal ESOS Details of corporate proposal Exercise of Share Options No. of shares issued under this corporate proposal 72,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0220 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 8,786,117,079 Issued Share Capital ($$) Malaysian Ringgit (MYR) 642,216,979.000 Listing Date 05 Sep 2022 ======== Oh My GOD...NON STOP toilet papers ..!! Gone Case - GONEOIL... Mom GoneOIL@Bornoil 1 sen Warrants WC , WD go to RIP ( Rest In Peace @Grave Yard )
think bornoil is profitable... to the directors and cronies... one may predict share consolidation in the near future, and end less esos and pp every two to three years in the name of fundraising....
lehubeng@ today bornoil transacted at 0.02 only. likely MQ will acquire this week with the price less than 0.018.... ---------------- Gone@BornOil TO RIP { Rest In Peace } @ 1 sen...
On behalf of the Board, UOBKH wishes to announce that the Board had on 6 September 2022 resolved to fix the issue price for the second tranche of the Private Placement at RM0.0211 per Placement Share.
The issue price of RM0.0211 per Placement Share represents a discount of approximately 9.83% to the 5-day VWAP of Bornoil Shares up to and including 5 September 2022, being the last traded day of Bornoil Shares immediately preceding the price-fixing date, of RM0.0234 per Bornoil Share.
This announcement is dated 6 September 2022
========== Directors continue to fund raising via cheapskate way.
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 10% of the total number of issued shares of Borneo Oil Berhad No. of shares issued under this corporate proposal 300,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0211 Latest issued share capital after the above corporate proposal in the following Units 9,086,117,079 Listing Date 13 Sep 2022
================ Directors continue to issue shares to PP investors at low cheapskate price Selected lucky PP investors will make 18% by selling at 0.025, 42% by selling at 0.03
================ Unlucky retail shareholders have their equity % reduced NOSH continue to rise towards 10 BILLION shares
PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL ("PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that the Board had on 13 September 2022 resolved to fix the issue price for the third tranche of the Private Placement at RM0.0210 per Placement Share.
The issue price of RM0.0210 per Placement Share represents a discount of approximately 7.89% to the 5-day VWAP of Bornoil Shares up to and including 12 September 2022, being the last traded day of Bornoil Shares immediately preceding the price-fixing date, of RM0.0228 per Bornoil Share.
This announcement is dated 13 September 2022.
============= Third tranche of the Private Placement at RM0.0210 per Placement Share Non stop directors busy issuing shares at cheapskate price to selected PP investors Selected lucky PP investors waiting to sell to retail investors for good profits
============ Further dilution of sharesholders equity % and EPS NOSH continue to rise towards 10 BILLION shares
============= TAYOR, set realistic target and be careful holding high NOSH low price penny stocks
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 10% of the total number of issued shares of Borneo Oil Berhad No. of shares issued under this corporate proposal 100,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0210 Latest issued share capital after the above corporate proposal in the following Units 9,186,117,079 Listing Date 15 Sep 2022
================== Third tranche of PP at 0.021 for selected lucky PP investors Further dilution of shareholders equity % and EPS NOSH keep rising towards 10 BILLION shares Be careful holding high NOSH low price penny stocks, many of which had undergone shares consolidation
=================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
========== TAYOR, set realistic target
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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....
lehubeng
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Posted by lehubeng > 2022-08-23 14:12 | Report Abuse
volume increased but still no movement... how much esos (0.021)remaining? still more than 500 million pp not yet subscribed. who is the pp beneficiary? what is the minimum price for pp subscrition?