Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Maybe change company name to 'hide' the past from new investors 7. Repeat step 1 to 6
AGESON BERHAD ("AGESON" OR "THE COMPANY") - DELAY IN ISSUANCE OF THE COMPANY'S ANNUAL REPORT FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2022
Pursuant to Paragraph 9.28(5) of the MMLR, if the Company fails to announce/issue the outstanding Annual Report 2022 within five (5) market days after the expiry of the Relevant Timeframe (the last day of this five (5) market days period is referred to as “Suspension Deadline”) i.e. on 9 May 2023, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of the Company. The suspension shall be effected on the next market day after the Suspension Deadline i.e. on 10 May 2023 and will be lifted on the market day following the announcement/issuance of the outstanding Annual Report 2022 unless otherwise determined by Bursa Securities.
Pursuant to Paragraph 9.28(6) of the MMLR, if the Company fails to announce/issue the outstanding Annual Report 2022 within six (6) months from the expiry of the Relevant Timeframes, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall commence de-listing procedures against the Company.
hoot, unless there are good news or indicators, better don't ave. It's not that easy to get new auditors and they communicate to understand and share bit of info.
Company being milked dry by Fatty Liew, which one is next? ARBB or Annum? For shareholder's interest, I hope SC can do something about it to stop all these conman ED!
The one who put resistance,then buy on tht day of 29 cents.but not even a single day above tht.if follow then a no buy below tht level. a person though i curse the counter as below;;
Posted by SengGor1011 > 2022-10-27 12:26 | Report Abuse
Haha. Buying Bluechips or penney stocks is still a gamble. In the last rights issue, the 2 biggest shareholders also put in about RM10 million. Ageson PA with a conversion price of RM0.12 is still trading at 0.05 to 0.1 cents. Buying the mother share at 4 or 4.5 cents is a good bet at current risk/reward profile. If PA is at 0.05 cents seller, than it different.
Now its no annual report because no auditor. Its not a confirm case of fake accounts. The Fake Account news is just speculations. Bursa also did not request for a special audit as in Serba Dynamik case.
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....
speakup
26,985 posts
Posted by speakup > 2023-04-10 15:57 | Report Abuse
Am I right?