a very sad story on this counter over the government changed on 2018..!!...if u still have ..just hold it....( i not holding any at this moments..) did some analysis just now... logging start back on march21... jan~feb : nil mar: 787m3 apr:3993m3 may:3748m3 jun:6140m3 jul:9774m3
if the company restructure well..a chance for recovery ..if the logging continue growth to above 12~15000m3...that will be very +ve !!!
Con counter, please avoid at all costs!! Shares will be consolidated again & again while newbies will blindly believe all their PAID write ups in the newspapers & blogs then dump & f o! Poor innocents will be victims
This counter very easy to be cornered because of its small 47 million market cap. Easy down, also easy up especially so as it has just consolidated 10 to 1. Seeing that such small volume can bring down the price easily, won't be surprise if can be depressed further since it will be easy to push back up.
The only thing to look for is the upcoming subscription of the investor (famous in dealings with penny/weak stocks) with a min subscription price of 0.12. Not forgetting the improving logging production volume.
Company also delayed its annual report, latest quarter report and planning to push the 2021 AGM further by another 9 months. My guess is it will be a long wait at least another year before can see any price action, considering the new investor has a history of sell for small quick profit (no push price) or sell after a long time (push price).
Today's buy rate is 0%. With nearly zero retailer's interest, it seems the sellers are kinda desperate to depress price further, as it does not makes sense to sell at such % loss. Selling today at 0.095 / 0.10 means the original cost prior to consolidation must be 0.01 to breakeven or 0.005 to make a profit.
If this is a once-off or few times selloff to run away for greener pasture, then it makes sense for an investor to sell at loss. Unfortunately, because company as well as local scene is slowly recovering, you cannot help but to take this non-stop selloff as some sort of left right hand show - to collect ticket from weak holders due to emotion from falling knife / paper loss getting bigger day by day etc.
PWORTH has drop quite a lot since its previous RI in 2018 and even after recent consolidation, at today's price it is almost too attractive to collect for rebound penny stock play. We are human and cannot avoid being emotionally depressed by the non-stop selloff, but because of the same reason we can also learn to be 'rationally' depressed.
TQ for your concern, sold all rather than lose all. Tell your insider to correctly calculate the amount sold by the end of today, don't mix up theirs and mine ok!
jeffng570 confirmed.....this counter will dislited in 2 years time
Yes, and with delisting the 2 timber tycoon brothers will also have their millions of dollars stuck as well. They have lost quite huge sums in SCIB before, not sure if they are willing to lose another big sum here. Take note that their cost in Pworth may be quite high, since they already have shares long before 2018 RI and recent consolidation.
Yes, and with delisting the 2 timber tycoon brothers will also have their millions of dollars stuck as well. They have lost quite huge sums in SCIB before, not sure if they are willing to lose another big sum here. Take note that their cost in Pworth may be quite high, since they already have shares long before 2018 RI and recent consolidation.
they have no others choice to choose already, thats why made decision to cl even i had lost a quite huge of my fund
Priceworth: Resumes log harvesting, plywood export. Priceworth International log production volume for May this year was 3,748.28 cubic meters compared to 3,992.03 cubic meters recorded in April. The slight decrease in May 2021 compared to April 2021 was mainly due to log harvested and in transit to the downstream processing mills. (BTimes)
For clarification purposes, the Company had, on 8 April 2021 announced a private placement of up to 491,390,700 PWI Shares ("Placement Shares I") to third party investors under the General Mandate, representing up to 10.91% of the 4,504,414,724 PWI Shares (excluding treasury shares, if any) in issue as at 7 April 2021 ("Initial LPD") ("Private Placement I"). The Private Placement I was completed on 9 June 2021 with the listing of 491,390,000 new PWI Shares on the Main Market of Bursa Securities ("Placement Shares I").
On 7 September 2021, the Company had completed a consolidation of every 10 existing PWI Shares into 1 PWI Share, following the listing and quotation of 499,580,386 Consolidated Shares on the Main Market of Bursa Securities ("Share Consolidation").
In view of the above, the placement size of the current Proposed Private Placement (which is also undertaken in accordance with the General Mandate) shall be based on the issued share capital of PWI as at the Initial LPD adjusted for Share Consolidation (i.e. 450,441,472 PWI Shares).
Accordingly, a total of up to 40,949,294 Placement Shares may be issued pursuant to the current Proposed Private Placement, after deducting the 49,139,000 Placement Shares I adjusted for Share Consolidation.
PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 21 December 2021, resolved to approve the listing of and quotation for up to 40,949,294 Placement Shares to be issued pursuant to the Proposed Private Placement.
This announcement is dated 21 December 2021.
======== One step closer for directors to get more money from fund raising. Company fund increased from fund raising and not from business profit.
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Posted by richman > 2021-09-03 09:42 | Report Abuse
naik before consolidation