with this new hype u can see so many newbies having dreams of it going 0.20. 0.30 and higher. probably they believe the hype and already bought a lot. just my personal opinion.
RENOUNCEABLE RIGHTS ISSUE OF UP TO 690,705,280 NEW ORDINARY SHARES IN CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("CSH") ("CSH SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING CSH SHARE HELD AS AT 5.00 PM ON 21 DECEMBER 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE, TOGETHER WITH UP TO 690,705,280 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE")
==================== Rights issue subscribers who did not cut loss, still waiting to break even Operators are "smarter people" who might release their warrants to market Warrant price have been maintained above mother price for long time !!!
drama ... only.... next week.. back to square one 5 sen... some group just creating opportunity to dump thier holdings to newbies.... they bought at 3.5 sen and averaged down to 6 sen now selling to fools at 7 sen.....
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. Repeat step 1 to 5
Leedavid, do you where does the money gone to as they are so many conversations at o. 60 per shares? The share price is only 0.065 per share. All the money went into whose pocket?
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
I would said this is a scam counter. The board of directors should know that it will need plenty of money to involve in ev project but go forward to announce that they got licence to set up facilities to do ev project to trap investors
RENOUNCEABLE RIGHTS ISSUE OF UP TO 690,705,280 NEW ORDINARY SHARES IN CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("CSH") ("CSH SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING CSH SHARE HELD AS AT 5.00 PM ON 21 DECEMBER 2021 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.15 PER RIGHTS SHARE, TOGETHER WITH UP TO 690,705,280 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED FOR ("RIGHTS ISSUE")
Dec 2021 - Directors raised RM103,605,792 from the rights issue @ 0.15 per share Subscribers paid 0.15 per share now incur huge losses Directors sold EV distribution and assembly biz for more cash !!!
Can retailer shareholders refer to auditor report how directors utilised the cash
LOOK AT THE TECHNICAL CHART FROM PAST YEARS AND YOU WOULD FEEL IT WILL HEAD TO PN17 AND DISAPPEAR FROM THE SROCK EXCHANGE! MAYBE INCLUDING ANOTHER NAME CHANGE BEFORE THAT. RETAILERS WILL LOSE ALL THEIR MONEY BUT DIRECTORS WILL STILL BE RICH!
Investors and shareholders need to closely monitor the company fund raised by directors via shares issuance to PP, RI, ESOS, asset disposal, etc
Main business sold, now directors might look for new businesses to make use of the company fund and raise more fund if not enough
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
================= Directors will be happy to look for new business to utilise the company fund raised from RI and business disposal
When company fund depleted, directors can easily raise more fund via shares issuance to PP, ESOS, RI or issue more shares to acquire new business or asset.
When NOSH reach multi BILLION shares, directors can propose share consolidation and followed by RI to raise more company fund.
Maybe directors can change company name again. May be change back to KTG, Spring Gallery or App Industries
PASUKGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 24 February 2023.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses due to the corporate exercises
List of penny stocks with shares consolidation :-
2023 in progress - VSOLAR, DOLPHIN, EDUSPEC, TECHNAX, PASUKGB
WOW! FROM P&D HIGHEST PRICE RM2 IN 2019 NOW BELOW 0.05 AND HEADING TO MY PREDICTION OF 0.01 !!! EVEN WITH RIGHTS ISSUE OF 0.15 LAST YEAR! WOW! WOW! WOW! APPLAUSE TO MANAGEMENT AND DIRECTORS! WHAT'S NEXT? SHARE CONSOLIDATION? ANOTHER RIGHTS ISSURE? SOME MORE BS MOU? WHAT ARE THEY PLANNING TO SQUEEZE MORE MONEY FROM NEWBIES AND SHAREHOLDERS????? MAKE COMPANY PROFITABLE??? IMPOSSIBLE DREAM! 20 QTRS LOSSES AND NO VIABLE BUSINESS IN SIGHT.
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....
yongyong88
263 posts
Posted by yongyong88 > 2 months ago | Report Abuse
with this new hype u can see so many newbies having dreams of it going 0.20. 0.30 and higher. probably they believe the hype and already bought a lot. just my personal opinion.