Bro eddie4723, yup. Best to alert those newbie and innocent investors who are thinking to invest in this counter. Best don't touch if not you will learned a painful experience. Hope this counter closed for good.
really amazing to see the price all the way down from 0.40 to 0.05 within a year... almost 10x lose... pre-covid price was 0.8 - 1.00... penny stocks are purely control by particular group of people.. they are selling above 0.05 still can earn big $$ by issue very cheap esos than market later.. then consol again... cut loss and take a lesson.. dont ever play penny stock again...no matter how cheap they are.. back to fundamental and dividend stock.. at least have funds/epf/directors/company's boss buying and holding the company's shares..
===================== Valid acceptance only 15.65%
Meaning rights issue grossly under subscribed by retail investors who are getting smarter not to contribute more money to directors to increase company fund from fund raising instead of generating profits from real business.
Take note that operators and friendly parties could be the main subscribers of excess rights shares. Be reminded that the subscribed shares might be released to the market gradually for them to release their money tied up in the subscription.
==================== Rights issue price = 0.08 with free warrant As at 2 Mar, Market price = 0.055
Other low price penny stocks like permaju, eastlnd, csh, fast, etc dipped below rights price after listing
====================== Available/Listing Date 07 Mar 2022
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,369,132,778 NEW ORDINARY SHARES IN VIZIONE ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE TOGETHER WITH UP TO 684,566,389 FREE DETACHABLE WARRANTS ("WARRANTS E") ON THE BASIS OF 1 WARRANT E FOR EVERY 2 RIGHTS SHARES No. of shares issued under this corporate proposal 1,022,900,003 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0800 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 2,047,680,892 Issued Share Capital ($$) Malaysian Ringgit (MYR) 684,439,529.540 Listing Date 07 Mar 2022
LKL INTERNATIONAL BERHAD ("LKL" OR "THE COMPANY") ACQUISITION IN AGGREGATE OF 250,000,000 NEW ORDINARY SHARES OF VIZIONE HOLDINGS BERHAD ("VIZIONE") BY ITS WHOLLY-OWNED SUBSIDIARY, LKL ADVANCE METALTECH SDN. BHD. ("LKLAM")
The Board of Directors of LKL (?Board?) wishes to announce that LKLAM, its wholly-owned subsidiary, had on 7 March 2022, acquired in aggregate of 250,000,000 new ordinary shares of Vizione at an issue price of RM0.08 each, representing 12.21% equity interest of the enlarged share capital of Vizione, for a total cash consideration of RM20,000,000.00 via the subscription of the excess rights shares with free warrants issued pursuant to the renounceable rights issue of new ordinary shares in Vizione (?Rights Shares?) on the basis of 1 Rights Share for every 1 existing ordinary share held in Vizione, together with the free detachable warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for (?the Subscription?). Pursuant to the Subscription, LKLAM will also be issued with 125,000,000 free Warrant E of Vizione.
Please refer to the attachment for further details about the Subscription. This announcement is dated 7 March 2022.
============ CONTINUE TO MONITOR 1. DIRECTOR'S UTILISATION OF COMPANY FUND 2. FUND RAISING VIA SHARE ISSUANCE TO ESOS AND PP 3. PROFIT/LOSS FROM PENNY STOCKS INVESTMENT 4. QUARTERLY REPORT
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,369,132,778 NEW ORDINARY SHARES IN VIZIONE ("VIZIONE SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 4 FEBRUARY 2022 (ENTITLEMENT DATE), AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 684,566,389 FREE DETACHABLE WARRANTS ("WARRANTS" OR "WARRANTS E") ON THE BASIS OF 1 WARRANT E FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS")
On behalf of Vizione, TA Securities wishes to announce that the Rights Issue of Shares with Warrants has been completed with the listing and quotation for 1,022,900,003 Rights Shares together with 511,449,980 Warrants on the Main Market of Bursa Securities on 7 March 2022. This announcement is dated 7 March 2022.
how the particular people (fintec gang) earn $$ by subscribed RI at 0.08 then throw their ticket at 0.05? are they making loses ?? NO, they won't. They will get much more cheaper ticket maybe 0.02-0.03 via ESOS later. Who lost? The investors of LKL cos LKL uses the raised fund to invest Vizione at 0.08, now share price only 0.05. Later LKL will record financial huge lose from this "investment". Of course, Vizione's investor suffering the loses most.. from above 0.40 til now 0.05 and the drop not end yet.. anytime can drop to 0.02-0.04. Later you will see them issue cheap ESOS. After months, announce consolidation.. then drop again just like Kanger.
Why want to struggle to do real business to increase company fund ? Easy and convenient way is to issue shares for RI, ESOS, PP to raise more fund to increase company cash
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,369,132,778 NEW ORDINARY SHARES IN VIZIONE ("VIZIONE SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 4 FEBRUARY 2022 (ENTITLEMENT DATE), AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 684,566,389 FREE DETACHABLE WARRANTS ("WARRANTS" OR "WARRANTS E") ON THE BASIS OF 1 WARRANT E FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS")
================= AMOUNT RAISED FROM RI = 1,022,900,003 @ 0.08 = RM81,832,000
Thank you to all rights subscribers. Directors are responsible for the success of the fund raising exercise but they are not responsible to ensure subscribers profit from the stock price.
================= Prices tend to fall below the rights issue price after the fund raising exercise. Other low price penny stocks like permaju, eastlnd, csh, fast, pasukgb, kanger, pdz, etc dipped below rights price after listing
Why want to struggle to do real business to increase company fund ? The fastest way is use the RI, ESOS, PP to exercise the cutting chives like nobody business.
So many companies printing ESOS PP RI tickets for living now these day; trimming investors capital then consolidate the tickets; the fastest way to made huge profits!
This management like to syok sendiri with all these lousy announcements. So many projects yet can still lose money each quarters tell you one thing la. Ur management team is not capable at all. Haha
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Particulars of Substantial Securities Holder Name LKL INTERNATIONAL BERHAD Name of registered holder LKL Advance Metaltech Sdn. Bhd. Date interest acquired 07 Mar 2022 No of securities 250,000,000 Subscription of ordinary shares by LKL Advance Metaltech Sdn. Bhd. ("LKLAM") pursuant to Rights Issue
Con counter. Cronies all holding up huge pile of stocks waiting to disposed. Creating all the fake volumes. So much transaction yet price still the same. Hahaha
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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....
Besafe
947 posts
Posted by Besafe > 2022-02-28 10:02 | Report Abuse
Bro eddie4723, yup. Best to alert those newbie and innocent investors who are thinking to invest in this counter. Best don't touch if not you will learned a painful experience. Hope this counter closed for good.