Trader will control the price below 0.10 before ri, after ri will press down one way ticket to 0.02-0.03 to kill your money who want to hold for long terms.
damn.. loose again .. after this really learned lesson.. thought so easy to make money... now lost all in 3 counters. only... all other small gains here and there all kaput....
RENOUNCEABLE RIGHTS ISSUE OF UP TO 690,705,280 NEW ORDINARY SHARES IN CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("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 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
Date for commencement of trading of rights 22 Dec 2021 Date for cessation of trading of rights 04 Jan 2022 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 19 Jan 2022 Last date and time for : Sale of provisional allotment of rights 03 Jan 2022 05:00 PM Transfer of provisional allotment of rights 05 Jan 2022 04:30 PM Acceptance and Payment 11 Jan 2022 05:00 PM Excess share application and payment 11 Jan 2022 05:00 PM Available/Listing Date 26 Jan 2022
=========================== Another loss making penny stock attempting to raise fund from shareholders Most likely subscription of rights will be under-subscribed by minority shareholders Operators will likely pick up the excess rights shares like in pasukgb, permaju, kanger, fast, etc
========================= Be careful with companies that raise fund from shareholders
Yes, definetely is to trap people buy OR at price 0.005, if you subcribe right share than will lose 80% - 90%, if not subcribe than will lose 100% OR money.
1. FAST Ex-Date 17 Nov 2021 RI price = 12 Current price = 8.5
2. PERMAJU Ex-Date 03 Nov 2021 RI price = 7 Current price = 4
3. PDZ Ex-Date 30 Sep 2021 RI price = 14 Current price = 4
4. TWL (TIGER) Ex-Date 08 Sep 2021 RI price = 4 Current price = 5
5. KANGER Ex-Date 27 Aug 2021 RI price = 6 Current price = 2
6. LAMBO Ex-Date 11 Aug 2021 RI price = 10 Current price = 5
7. BCM Ex-Date 23 Jul 2021 RI price = 8 Current price = 2.5
8. AEM Ex-Date 19 Jul 2021 RI price = 5 Current price = 3
9. Pasukgb Ex-Date 21 Jun 2021 RI price = 10 Current price = 2
10. SAUDEE Ex-Date 20 May 2021 RI price = 15 Current price = 5.5
========== Most of the RI shares were under subscribed by retail investors A big portion of the excess rights shares were subscribed by operators
Most retail investors getting smarter not to contribute more money to directors who are good in fund raising but not in generating profits from main businesses.
RENOUNCEABLE RIGHTS ISSUE OF UP TO 690,705,280 NEW ORDINARY SHARES IN CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("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 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
Ex-Date 20 Dec 2021 (COMPLETED) Closing price = 0.09
Date for commencement of trading of rights 22 Dec 2021 (COMPLETED) Date for cessation of trading of rights 04 Jan 2022 (COMPLETED) Closing OR price = 0.005 seller quote Closing stock price = 0.10
======================= Acceptance and Payment 11 Jan 2022 05:00 PM (COMPLETED) Excess share application and payment 11 Jan 2022 05:00 PM (COMPLETED)
Closing price = 0.11
======================= Next important date:-
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 19 Jan 2022
Wait for 19 Jan 2022 for announcement of subscription results.
Based on rights issue price of 0.15 and current market price of 0.11 :- Most likely rights issue will be under-subscribed by retailers Most likely operators and supporters will subscribe for excess application to boost the fund raise exercise
Stocks with recently completed RI exercises are pasukgb, permaju, kanger, fast, pdz, etc.
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 19 Jan 2022
On behalf of CSH, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue at 5.00 p.m. on 11 January 2022 (“Closing Date”), the Company has received valid acceptances and excess applications for a total of 691,621,406 Rights Shares, representing a subscription rate of 100.13% over the total number of Rights Shares available for subscription under the Rights Issue, resulting in an over-subscription rate of 0.13%.
The details of valid acceptances and excess applications received as at the Closing Date for the Rights Issue are as follows:
=======================
No. of Rights Shares Percentage of total Rights Shares available for subscription (%)
Total valid acceptances 227,632,206 32.95
Total valid excess applications 463,989,200 67.18
Total valid acceptances and excess applications 691,621,406 100.13
Total Rights Shares available for subscription 690,705,280 100.00
Over-subscription 916,126 0.13
=======================
The successful applicants for the Rights Shares will be given Warrants on the basis of 1 Warrant for every 1 Rights Share subscribed for.
The Rights Shares with Warrants are expected to be listed and quoted on the Main Market of Bursa Securities on 26 January 2022.
=================== As expected, the valid acceptances is only 32.95% meaning many investors did not subscribe for the rights. However valid excess applications is at a high of 67.18% could mean operators and friendly parties could be supporting the fund raising exercise.
Subscription trend is comparable to other penny stocks like pasukgb, lambo, pdz, fast, kanger, permaju, etc
The Board of Directors of MMAG (“Board”) wishes to announce that the Company had on 20 January 2022 subscribed 35,000,000 new ordinary shares in CSH on the basis of 1 rights share for every 1 existing CSH Shares held of its entitled rights shares (“Entitled Shares”) and 159,500,000 excess shares (“Excess Shares”) of CSH at an issue price of RM0.15 each for a total cash consideration of RM29,175,000 (“Consideration”) (“Subscription”) arising from the rights issue with warrants of CSH (“Rights Issue with Warrants”). The total new ordinary shares subscribed by MMAG is 194,500,000 new ordinary shares in CSH (“Rights Shares”) together with 194,500,000 free detachable warrants (“Warrants”) on the basis of 1 Warrant for every 1 Rights Share subscribed. Please refer to attachment for further details of the announcement. This announcement is dated 20 January 2022.
=========
Penny stock helping another penny stock to ensure success of fund raising exercise
RENOUNCEABLE RIGHTS ISSUE OF UP TO 690,705,280 NEW ORDINARY SHARES IN CSH ALLIANCE BERHAD (FORMERLY KNOWN AS KTG BERHAD) ("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 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
Ex-Date 20 Dec 2021 (COMPLETED) Closing price = 0.09
Date for commencement of trading of rights 22 Dec 2021 (COMPLETED) Date for cessation of trading of rights 04 Jan 2022 (COMPLETED) Closing OR price = 0.005 seller quote Closing stock price = 0.10
======================= Acceptance and Payment 11 Jan 2022 05:00 PM (COMPLETED) Excess share application and payment 11 Jan 2022 05:00 PM (COMPLETED)
Closing price = 0.11
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 19 Jan 2022 (COMPLETED)
=========================== Closing price on 25 Jan = 0.105
Available/Listing Date 26 Jan 2022 (COMPLETED)
Today listing for RI shares and new warrant WB
=========================== NOSH = 1,381,410,560
WB = 690,705,280 Maturity 2027-01-19 Strike value 0.1500
================== RI price = 0.15 Current market price = 0.115
Current WB price = 0.075
Many other stocks with similar RI exercise have seen stock price dipped below RI price. Fast, Pasukgb, permaju, kanger, fast, pdz, etc.
Rights shares mostly held by substantial shareholders
==========================
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) CSH ALLIANCE BERHAD
Particulars of substantial Securities Holder Name MMAG HOLDINGS BERHAD Subscription of new shares via Rights Issue Direct (units) 229,500,000 Direct (%) 16.613 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 229,500,000 Date of notice 20 Jan 2022
=========================== Changes in Sub. S-hldr's Int (Section 138 of CA 2016) CSH ALLIANCE BERHAD
Particulars of substantial Securities Holder Name CHIPSENG HENG HOLDINGS SDN. BHD. Subscription of Rights Issue with Warrants Nature of interest Direct Interest Direct (units) 168,174,000 Direct (%) 12.174 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 168,174,000 Date of notice 20 Jan 2022
========================== Multi-year loss making company
Pumping warrants is not illegal @whistlebower99 As long as you don't insider trade/illegal corporate exercise, Securities Commission cannot prosecute you.
=============== 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")
CASH RAISED FROM RECENT RIGHTS ISSUE = 690,705,280 x 0.15 = RM103,605,792
================ NOSH = 1,381,410,560
WB = 690,705,280 Maturity 2027-01-19 Strike value 0.1500
================ MONITOR :- DIRECTORS UTILISATION OF COMPANY FUND DIRECTORS PLAN TO RAISE MORE FUND VIA SHARES ISSUANCE QUARTERLY REPORT
================ TAYOR
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Posted by Ppmaster > 2021-10-22 17:01 | Report Abuse
Noobles, you better cut lose.