PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL ("PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that 349,679,100 Placement Shares issued pursuant to the Private Placement were listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on Friday, 16 May 2023.
PRIVATE PLACEMENT OF UP TO 20% 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 17 May 2023 resolved to fix the issue price of the Private Placement at RM0.0144 per Placement Share.
The issue price of RM0.0144 per Placement Share represents a discount of approximately 14.79% to the 5-day VWAP of Bornoil Shares up to and including 16 May 2023, being the last traded day of Bornoil Shares immediately preceding the price-fixing date of RM0.0169 per Bornoil Share.
================== Another tranche of cheap cheap low price shares to be issued by directors to collect more money Another opportunity for selected PP investors to make quick easy money disposing PP shares to market retailers
NOSH continue to increase above 10 BILLION shares Dilution of shareholders equity % and EPS
MMAG is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 18 May 2023
=================== 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
Long term shareholders holding at high prices will incur huge losses from share consolidation
Private placement of up to 20% of the total number of issued shares of Borneo Oil Berhad No. of shares issued under this corporate proposal 150,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0153 Latest issued share capital after the above corporate proposal in the following Units 10,211,366,054 Listing Date 23 May 2023
==================== Directors happily continue to raise more fund via share issuance to PP, ESOS Cheap cheap price for selected PP investors to make quick easy money ?
Private placement of up to 20% of the total number of issued shares of Borneo Oil Berhad No. of shares issued under this corporate proposal 320,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0144 Latest issued share capital after the above corporate proposal in the following Units 10,531,366,054 Listing Date 25 May 2023
==================== Directors continue to raise more fund via share issuance to PP (and ESOS) PP investors stand to make quick easy profits with lower issue price Directors happy to have access to more company fund
Retail investors see their shareholding equity % diluted
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
it's not about business. it's seem like bornoil's plot. gild/cement/chilly sauce then bario rice.,always use new business venture to issue new pp.... exploit retailers to fatten cronies.....
PRIVATE PLACEMENT OF UP TO 20% 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 25 May 2023 resolved to fix the issue price of the Private Placement at RM0.0142 per Placement Share.
The issue price of RM0.0142 per Placement Share represents a discount of approximately 14.97% to the 5-day VWAP of Bornoil Shares up to and including 24 May 2023, being the last traded day of Bornoil Shares immediately preceding the price-fixing date of RM0.0167 per Bornoil Share.
This announcement is dated 25 May 2023.
=============== Another tranche of PP with lower price coming on the way very very soon Directors busy doing fund raising via PP share issuance every few days !!!!
============ Directors no time to generate profit from business operation? Directors busy with fund raising via shares issuance to PP, ESOS and to acquire costly assets
============ Expect more fund raising activities by directors
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Types of corporate proposal Private Placement Details of corporate proposal Private placement of up to 20% of the total number of issued shares of Borneo Oil Berhad No. of shares issued under this corporate proposal 225,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0142 Latest issued share capital after the above corporate proposal in the following Units 10,756,366,054 Listing Date 02 Jun 2023
=============== Directors non stop busy with fund raising via share issuance to PP, ESOS Directors managed to collect more money for company fund to be spend later PP investors happy to buy at lower than market price, making instant profits if sold Retail investors very sad to see their shareholdings equity % & EPS diluted
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL ("PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that 225,000,000 Placement Shares issued pursuant to the Private Placement were listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on Friday, 2 June 2023.
once issuance of pp have been determined, the shares of detailers definitely been diluted. company persistently keep the share low is just to benefit the pp cronies. the fund that company raise will be low, but directors will not bother about this....
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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....
Rohizam
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Posted by Rohizam > 3 weeks ago | Report Abuse
kaunter scammer