Gold mines start making profits, tourism resume, properties also showing recovery. This is tricks for them to wash out weak hands and collect low. Don't be fooled. Hold on tight, Datuk Wira will bring Yongtai back to glory. 30cents before consolidation. Prove me wrong next month.
Same if not being used via PP/ESOS etc.. we have seen this quite prevalent in others... AT,AGES,KANGER to name a few....
If it does, your real hold value is dropped as they (A) can cash out while pressing the base prices lower and lower... worse even if existing holders CL.. Then A are happily collecting all the CL shares..
================= Another high NOSH penny stock propose share consolidation List include AGES, DIGISTAR, FAST, MTRONIC Those completed share consolidations include pasukgb, pdz, kanger, lambo, mtouche, trive, netx, sanichi,........etc
On behalf of the Board of Directors of YTB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that YTB proposes to undertake the following:
1. proposed consolidation of every 5 existing ordinary shares in YTB (“YTB Share(s)” or “Share(s)” or “Existing Share(s)”) into 1 YTB Share (“Consolidated Share(s)”) held by the entitled shareholders on an entitlement date to be determined and announced later (“Consolidated Shares Entitlement Date”) (“Proposed Share Consolidation”);
2. proposed bonus issue of up to 103,098,378 free warrants in YTB (“Warrant(s)”) on the basis of 1 Warrant for every 4 Consolidated Shares held by the entitled shareholders on an entitlement date to be determined and announced later (“Warrants Entitled Shareholder(s)”) (“Warrants Entitlement Date”) (“Proposed Bonus Issue of Warrants”); and
3. proposed settlement of an aggregate amount of RM46,000,000 debt owing to creditors by the Company and/or its subsidiary (“Settlement Amount”), via the issuance of 92,000,000 new YTB Shares (“Settlement Share(s)”) (“Proposed Debt Settlement”).
Further details of the Proposed Acquisition are as attached.
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....