[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
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of PWI ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares in PWI.
Further details of the Proposed Private Placement are set out in the attachment enclosed. This announcement is dated 15 July 2022.
=========== Back to same modus operandi of loss making penny stock Continue to raise fund via share issuance to PP and ESOS Dilution of shareholders equity and EPS
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 21 July 2022, resolved to approve the listing of and quotation for up to 135,915,619 Placement Shares to be issued pursuant to the Proposed Private Placement, on the Main Market of Bursa Securities subject to the following:-
This announcement is dated 21 July 2022.
=============== After shares consolidation exercise, directors are back to fund raising via shares issuance to PP, and maybe PP, RI or asset acquisition in near future
=============== NOSH =1,359,156,196 will increase further by 10% Further dilution of shareholders equity % and EPS
=============== 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 Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad No. of shares issued under this corporate proposal 94,966,325 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0958 Latest issued share capital after the above corporate proposal in the following Units 1,454,122,521 Listing Date 10 Aug 2022 https://www.klsescreener.com/v2/announcements/view/3591305
==================== Price on 9 Aug 2022 = 0.14 Specially selected lucky private placement investor has instant paper profit Amount gained = 94,966,325 X (0.14 - 0,0958) = RM4,197,511
Congratulation to lucky private placement investors
================= 7 September 2021- 4,995,804,724 Shares will be consolidated into 499,580,386 Consolidated Shares
Current NOSH = 1,454,122,521
Hitting 1.5 BILLION shares soon, after share consolidation followed by massive shares issuance by directors
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Be aware that :- Private investors and friendly parties are holding majority of the listed shares Probably waiting to dispose to market when opportunities arise
Directors back to share issuance activities after the last corporate exercise in September 2021
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PRICEWORTH INTERNATIONAL BERHAD HELD AT 5.00 P.M ON 6 SEPTEMBER 2021 INTO 1 PWI SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 03 Sep 2021
============== NOSH :- 13 Jan 2023 = 1,495,071,521 Dec 2022 = 1,454,122,521 (after multiple shares issuance for various purpose) Dec 2021 = 540,529,680 (after shares consolidation) June 2021 = 4,995,804,724 (before shares consolidation)
=============== NOSH once again exceeded BILLION shares after undergone shares consolidation Directors conveniently and successfully raised fund generating lots of money from shares issuance
=============== 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 Private placement of up to 10% of the total number of issued shares of Priceworth International Berhad No. of shares issued under this corporate proposal 40,949,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1109 Latest issued share capital after the above corporate proposal in the following Units 1,495,071,521 Listing Date 13 Jan 2023
================= Selected lucky PP investors making more than 20% profit, upon listing of their shares Long term retail shareholders that had went through share consolidation have to wait longer to break even
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....
Wilson786
31 posts
Posted by Wilson786 > 2022-05-31 13:21 | Report Abuse
look like go to 1$ in next 3-4 week