Details of corporate proposal Conversion of RCULS to Ordinary Shares No. of shares issued under this corporate proposal 31,346,800 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0300 Latest issued share capital after the above corporate proposal in the following Units 4,182,826,142 Listing Date 30 Jun 2023
============== Be aware that major RCULS subscribers could be converting their LA into shares to dispose into open market Main conversion method : 3 LA converted to 2 shares
============== Before this LA conversion, NOSH = 4,151,479,342 LA = 2,614,420,057
After this LA conversion, NOSH = 4,182,826,142 LA = 2,570,499,857
============== Major RCULS subscribers resorting to convert LA to shares to dispose as LA trading volume is too low for them to dispose bulk
============== More likely NOSH of shares will increase further with more LA conversion.
=================== The Company intends to undertake the Proposed Acquisition with a view to develop the Land into a residential project comprising 1,000 units of affordable apartments (the “Project”) which have an estimated Gross Development Value (GDV) and Gross Development Cost (GDC) of approximately RM330.0 million and RM220.0 million respectively.
================= The Company intends to fund the Proposed Acquisition through internally generated funds.
================== Directors utilising existing company fund for the purchase ? Or will directors do more fund raising via shares issuance to PP, ESOS or RI ?
================= Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance progress of the intended development projects
Operators and major subscribers of RCULS will be very happy to sell mother at 0.035
Conversion of 3 RCULS will get 2 mother shares Cost of 3 RCULS is 0.06 which means if they manage to sell 2 mothers shares they will recoup 0.07 making profit of 0.01 On top of this they got 2 free warrants for every 10 RCULS subscribed
Those buying mother share @0.035 might become long term shareholders
Target1: 0.05 Target2: 0.07 Target3: 0.09 Current market already proven can push up & down easily, TWL also bringing in quality project and trying to bring positive cash flow in.
BEWARE OF THE LEGAL SCAMMER : NEXGRAM!!!!! Before conso, majority of retail buy @ rm0.05 cent per share. Let say OKU_2020 buy 1 million unit@ rm50,000. Before conso, the share drop to rm0.01, which make OKU_2020 money became RM 10,000.
After conso, the value dropped to rm0.01 again, which result for OKU_2020's dropped to RM 1000.
From RM 50,000 to RM 1000. That's 98 percent of paper money loss...... This is the worst kind of scammer company in the whole world....
Let say after this consolidation 1:5 really happen. Then drop again to 1 sen.
20,000 unit x 0.01=rm200
This is the truth!!!!! from RM50,000 to RM200??????
We have to stop this legal scammer at all cost!!!!!
Operators and major subscribers of RCULS will be very happy to sell mother at 0.035
Conversion of 3 RCULS will get 2 mother shares Cost of 3 RCULS is 0.06 which means if they manage to sell 2 mothers shares they will recoup 0.07 making profit of 0.01
Selling 2 mother shares at 0.03 will also make money for the RCULS subscribers as they got 2 free warrants for every 10 RCULS subscribed
Those buying mother share @0.035 might become long term shareholders
================ Retail shareholders can only see their shareholding equity % diluted with more conversion of RCULS to mother shares
====================== Major RCULS holders converting more to ordinary shares to sell instead of collecting the 1/2 yearly 5% coupon rate.
Low trading volume for RCULS. expect more conversion to ordinary shares to dispose NOSH will continue to increase More dilution to shareholder equity % and EPS
Target1: 0.05 Target2: 0.07 Target3: 0.09 Current market already proven can push up & down easily, TWL also bringing in quality project and trying to bring positive cash flow in
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....
8ackwoods
61 posts
Posted by 8ackwoods > 2023-06-27 18:10 | Report Abuse
market making noise & dun be greedy la, enter 3sen also ok