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....
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.
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.
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Penny stock helping another penny stock to ensure success of fund raising exercise
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.
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....
Ppmaster
4,431 posts
Posted by Ppmaster > 2021-10-22 17:01 | Report Abuse
Noobles, you better cut lose.