Management only know how to execute PP or consolidation for funds and each Q also losing money just to pay for their fat paychecks. To Ng and the team, karma will hit you all hard one day. Hahaha.
The whole management only care about their salaries. If I am Ng, I will feel ashamed. Running a company for so long every Q also lose money. If he is working for people, long time out of job. Haha
Anson938@if any company want to work with vizione think multiple times. Giving free funds to Ng team to waste? If a company like this can lose money every quarter, those conpany partnering vizione will be in trouble. That is why for Ng, his same old trick day in day out is to do consolidation or private placement.
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 5 August 2024, resolved to approve the following:
(i) The Proposed Share Consolidation; and (ii) Listing and quotation of up to 143,000,000 Placement Shares to be issued pursuant to the Proposed Private Placement.
This is good information for investors especially newbies to avoid investing in this kind of company- very poor fundamentals and keep on fundraising and propose to undertake share consolidation/capital reduction 5,000 shares become 1,000 shares but my experience was after the consolidation, the results could deteriorate further, and there will another round of capital reduction, normally the loss could be 90% to 99%!
(i) proposed consolidation of every 5 ordinary shares in Vizione (“Vizione Shares”) into 1 Vizione Share (“Proposed Share Consolidation”); and
(ii) proposed private placement of up to 143,000,000 new Vizione Shares after the Proposed Share Consolidation to independent third-party investor(s) to be identified later and at an issue price to be determined later (“Proposed Private Placement”).
=================== On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 5 August 2024, resolved to approve the following: : : This announcement is dated 5 August 2024.
============= Be aware of Share Consolidation 1:5 coming soon followed by more fund raising via share issuance to PP.... and very likely ESOS or RI in near future
Directors continue to receive attractive remunerations despite business not making profit for multi years. Just need to be good in massive fund raising via shares issuance to PP, ESOS, RI to increase company fund to sustain losses in business !!!
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED CONSOLIDATION OF EVERY 5 ORDINARY SHARES IN VIZIONE ("VIZIONE SHARES" OR "SHARES") INTO 1 VIZIONE SHARE ("PROPOSED SHARE CONSOLIDATION"); AND (II) PROPOSED PRIVATE PLACEMENT OF UP TO 143,000,000 NEW VIZIONE SHARES AFTER THE PROPOSED SHARE CONSOLIDATION TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")
================ Coming soon !!! Directors proposal to do share consolidation followed by fund raising via shares issuance to PP Retail shareholders still holding at high prices will incur huge losses due to share consolidation and followed dilution of consolidated shareholding equity % due to massive share issuance to PP and maybe ESOS, etc
China is planning to ban company CEO and senior executives from office if it shows 3 running quaterly result loses within last 5 qtrs. Such directors are not allowed to be appointed to directorship of other public listed companies.
CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN VIZIONE HOLDINGS BERHAD ("VIZIONE" OR THE "COMPANY") ("VIZIONE SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 3 OCTOBER 2024 INTO 1 VIZIONE SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 02 Oct 2024
======== Shareholding will be reduced by 5 times on ex date onwards. Those still holding at high prices will incur huge losses due to the consolidation. After share consolidation, directors will likely raise more funds via shares issuance to PP ESOS or RI
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Posted by whistlebower99 > 2023-08-29 09:21 |
Post removed.Why?