Long term retail shareholders saw their shareholding equity % diluted over the years due to massive share issuance by directors to raise fund from PP, ESOS.
NOSH at at Dec 2019 = 5,340,383,754 NOSH as at Dec 2020 = 6,741,683,754 NOSH at as Dec 2021 = 8,090,289,529 NOSH as at Dec 2022 = 9,676,617,079
Not easy for big fat mummy with heavy babies to climb up
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
proposed 30% pp withdrew temporarily... will bornoil resubmit the proposal next week? previously withdrew on 12.12.2022 and resubmit on 19.12.2022......
MULTIPLE PROPOSALS I. PROPOSED ACQUISITION; II. PROPOSED DIVERSIFICATION; AND III. PROPOSED PRIVATE PLACEMENT
On behalf of the Board, UOBKH wishes to announce that a withdrawal request of the listing application for the Proposals dated 8 February 2023, has been submitted to Bursa Securities on even date. The relevant announcement in relation to the resubmission of the listing application will be made in due course. This announcement is dated 9 February 2023.
nosh 9.7 billion, by calculation, bornoil need yo hv rps of rm97 million per year to make eps of rm 0.01 ( 1 cent).... can bornoil hv net profit of rm97 million per year? how to push bornoil above 0.03????
director convert wc and wd at 0.07...company offered pp at a minimum price of 0.015.... director think bornoil worth at least 0.07 ( since conversion price is 0.07).... yet company issued pp at 0.015!!! what does this mean??? company has any hidden motive/aganda?
from 2019 till now, nosh already increased by at least 80 to 90% (5.3 billion shares to 9.7 billion shares), wc and wd conversion price still 0.07.... likely wc and wd will go to coffin.... how to push up bornoil to 0.07 nosh of 10 billion....
how to buy? director convert wc and wd at rm0.07, so in the report market capitalisation becomes rm662 million..... but actual fact, with bornoil market price of only 0.02, market capital of bornoil is only rm194 million..... smart company.....
if company make huge profit, easy for gompany to privatize the company..... cronies earn all.... even though not privatize, certain parties also make handsome profit from 15% discount fronarket price...
for fundraising of rm30 million, if apply business loan, possibly will get good interest rate of 6 to 8%, and interest payment also can be deducted from income tax.... but company choose to give discount to pp beneficiaries upto 15%....
if operators try to push up the share price to 0.03 in near future, will retailers follow??? if retailers follow and buy at 0.025/ 0.03, will company offer new 20% pp at a minimum price of 0.015 again, and with 15% discount from market price? then retaikers will be trapped for another few years?
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....
TuaTuaLiap
190 posts
Posted by TuaTuaLiap > 2023-02-02 10:07 | Report Abuse
Can fry KFC liao