"Our Company intends to revise the MCP of the Notes. Pursuant to the Letter of Understanding, our Company and the Subscribers have agreed to revise the MCP from RM0.12 to RM0.05"
Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Special Issue Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100 million No. of shares issued under this corporate proposal 180,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0500 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 720,529,680 Issued Share Capital ($$) Malaysian Ringgit (MYR) 393,006,897.700 Listing Date 16 Mar 2022
=================== 1. Name CHIN FUN MING Date interest acquired 14 Mar 2022 No of securities 70,000,000 Allotment of Shares pursuant to Issuance of redeemable convertible notes Direct (units) 74,000,000 Direct (%) 10.27 Date of notice 16 Mar 2022
==================== 2. Name LIM NYUK SANG @ FREDDY LIM Date interest acquired 14 Mar 2022 No of securities 70,000,000 Allotment of Shares pursuant to Issuance of redeemable convertible notes Total no of securities after change Direct (units) 91,531,980 Direct (%) 12.703 Date of notice 16 Mar 2022
==================== 3. Name ADAM YUSUFF BIN ABD AZIZ Name of registered holder Alliancegroup Nominees (Tempatan) Sdn Bhd pledged securities account for Adam Yusuff Bin Abd Aziz Date interest acquired 14 Mar 2022 No of securities 40,000,000 Allotment of Shares pursuant to Issuance of redeemable convertible notes Total no of securities after change Direct (units) 40,000,000 Direct (%) 5.551 Date of notice 16 Mar 2022
===================== Issue price = 0.05, current market price = 0.085 (gain of 3.5sen or 70%) Congratulation to the selected investors
====================== Many more million shares to be issued under this Corporate Proposal Dilution of shareholders equity % and EPS NOSH continue increase after completion of recent shares consolidation exercise
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Our Company had on 6 December 2021 entered into the Letter of Understanding to revise the Original MCP to the Revised MCP.
For illustration purposes, the abovementioned changes are outlined in the table below:
As per the Subscription______________________Agreement Proposed Variation The MCP is set at RM0.12.__________________ The MCP is revised to RM0.05.
MCP =Minimum conversion price
----------------------------- Maximum Redemption Amount The Proposed Variation will not result in any change to the issue size of the Notes programme of up to RM100 million as our Company intends to raise the proceeds and be utilised in the manner as set out in Section 2.2.9 of the Previous Circular. In the event the entire Notes of RM100 million are issued and 818,984,505 Conversion Shares has been issued upon conversion of these Notes at the Revised MCP, no further Conversion Shares shall be issued for the remaining outstanding Notes. Hence, our Company shall pay the Subscribers the redemption amount for the remaining outstanding unconverted Notes.
===================== 1. The original MCP of 0.12 has been revised to 0.05 and this explained why the 180,000,000 shares were issued at 0.05 2. Maximum total shares that can be issued from this exercise is 818,984,505. 3. After deducting 180,000,000 shares already issued, remaining shares that could be issued = 818,984,505 - 180,000,000 = 638,984,505 ==================== Current NOSH = 720,529,680 will increase to about 1.4 billion shares if the above remaining shares are issued.
Not forgetting, possibility of more share issuance to PP and ESOS, the total issued shares will increase further. Dilution to shareholders equity % and EPS
After recent shares consolidation, process of shares issuance continue to increase the NOSH to multi BILLION shares
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP and ESOS Allotment of Shares pursuant to Issuance of redeemable convertible notes
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Special Issue Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100 million No. of shares issued under this corporate proposal 100,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0600 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 820,529,680 Issued Share Capital ($$) Malaysian Ringgit (MYR) 399,006,897.700 Listing Date 21 Mar 2022
================= Another issuance of 100 million shares at low price of 0.06 compared to current market price of 0.09 50% gain for the lucky selected investors
=============== 1. The original MCP of 0.12 has been revised to 0.05 2. Maximum total shares that can be issued from this exercise is 818,984,505. 3. After deducting 280,000,000 shares already issued, remaining shares that could be issued = 818,984,505 - 280,000,000 = 538,984,505
NOSH = 820,529,680 continue to increase with the issuance of remaining shares Dilution to shareholders equity % and EPS
A. Name CHIN FUN MING 1 17 Mar 2022 25,000,000 Others Direct Interest 2 18 Mar 2022 4,000,000 Acquired Direct Interest 1) Allotment of 25,000,000 Shares pursuant to Issuance of redeemable convertible notes. 2) Acquisition of 4,000,000 ordinary shares via off market trascation.
Direct (units) 103,000,000 Direct (%) 12.553 Total no of securities after change 103,000,000 Date of notice 21 Mar 2022
================ B. Name LIM NYUK SANG @ FREDDY LIM 1 17 Mar 2022 75,000,000 Others Direct Interest Allotment of 75,000,000 Shares pursuant to Issuance of redeemable convertible notes. Direct (units) 166,531,980 Direct (%) 20.296 Total no of securities after change 166,531,980 Date of notice 21 Mar 2022
============== Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100 million No. of shares issued under this corporate proposal 100,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0600 Latest issued share capital after the above corporate proposal in the following Units 820,529,680 Listing Date 21 Mar 2022
=============== 100,000,000 shares allotted to luck investors at 0.06 per share
=============== Lucky investors has paper profit of 0.04 per share at current market price of 0.10 Directors got more fund to utilise Ordinary shareholders get dilution of equity % and EPS
NOSH = 820,529,680 hitting 1 BILLION shares in very near future Expect more fund raising via shares issuance to ESOS and selected investors
Types of corporate proposal Special Issue Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100 million No. of shares issued under this corporate proposal 74,962,518 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0667 Latest issued share capital after the above corporate proposal in the following Units 895,492,198 Listing Date 29 Mar 2022
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of substantial Securities Holder Name LIM NYUK SANG @ FREDDY LIM
1 25 Mar 2022 74,962,518 Others Direct Interest Name of registered holder Lim Nyuk Sang @Freddy Lim Allotment of 74,962,518 Shares pursuant to Issuance of redeemable convertible notes. Direct (units) 241,494,498 Direct (%) 26.968 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 241,494,498 Date of notice 29 Mar 2022
==================== Types of corporate proposal Special Issue Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100 million No. of shares issued under this corporate proposal 74,962,518 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0667 Latest issued share capital after the above corporate proposal in the following Units 895,492,198 Listing Date 29 Mar 2022
================= Lucky investor issued 74,962,518 shares @ 0.0667 can see profit immediately
Long term shareholders whose shares were consolidated, have to wait much longer for company to show consistent good profits for share price to appreciate
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Types of corporate proposal Special Issue Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100 million No. of shares issued under this corporate proposal 44,977,511 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0667 Latest issued share capital after the above corporate proposal in the following Units 940,469,709 Listing Date 20 Apr 2022 https://www.klsescreener.com/v2/announcements/view/3534809
=================== Directors continue share issuance to selected Investors at attractive prices
Issue price = 0.0667 Market price = 0.10 Profit of about 50% if sold at current market price
=================== NOSH = 940,469,709 will soon hit 1 BILLION again after recent share consolidation
Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Special Issue Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100 million No. of shares issued under this corporate proposal 187,406,296 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0667 Latest issued share capital after the above corporate proposal in the following Units 1,127,876,005 Listing Date 06 May 2022
================= Another tranche of shares at special price for specially selected investors
7 September 2021 4,995,804,724 Shares consolidated into 499,580,386 Consolidated Shares
=============== Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100million No. of shares issued under this corporate proposal 149,925,037 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0667 Latest issued share capital after the above corporate proposal in the following Units 1,345,267,308 Listing Date 27 May 2022
================= NOSH exceeded 1 BILLION shares again after share consolidation in 2021.
Lucky selected investors see profits in the shares allocated to them. Retail investors still holding losses after shares consolidated
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
[PWORTH] Special Issue on 26-May-2022 Stock [PWORTH]: PRICEWORTH INTERNATIONAL BHD Announcement Date 26-May-2022 Listing Date 27-May-2022 New Type/Class? No Type Special Issue Details Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100million No. of shared issued 149,925,037 Issue Price MYR 0.067 Par Value 0.000 Total NOSH 1,345,267,308
================== Total of 845,686,922 @ 0.065 if disposed to market at 0.165 profit for selected lucky investors > RM 84 million
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Details of corporate proposal Issuance of redeemable convertible notes with an aggregate principal amount of up to RM100million No. of shares issued under this corporate proposal 13,888,888 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0720 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 1,359,156,196 Issued Share Capital ($$) Malaysian Ringgit (MYR) 434,916,527.000 Listing Date 01 Jun 2022
============ More shares issued to lucky investors More profit for lucky investors if dispose at current price of 0.16
Be aware that more than 50% out of total issue shares ( 1,359,156,196 ) are held by selected lucky investors via Special Issue to Issuance of redeemable convertible notes
Price has dropped from high of 18.5 to 12.5 Even if selected lucky investors dispose at current price of 12.5, they still enjoy profit margin exceeding 70% over the average issue price of below 7sen
Be aware of possible right hand left hand transactions by operator to attract newcomers into the game
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....
lehubeng
1,079 posts
Posted by lehubeng > 2022-02-17 16:24 | Report Abuse
pp otw..... do not hv high expectation on pworth....