Supported by MMAG another loss making penny stock that used company fund to subscribed for excess rights shares
CSH ALLIANCE BERHAD
Particulars of substantial Securities Holder Name MMAG HOLDINGS BERHAD 1 20 Jan 2022 194,500,000 Acquired Direct Interest Subscription of new shares via Rights Issue Nature of interest Direct Interest 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
Buy queue @ 0.145 looks unreal Yesterday buy queue of 200mil @ 0.16 was withdrawn last minute Will it happen again for 0.145 buy queue ? Floodgate controlled tightly by operators
Besides the sales and distribution of EV,AEV also intends in the supplying of charging stations,alternative energy infrastructure such as solar panels and EV spare parts provisions to generate multiple revenue which is crucial to ensure the success of the EV project
The Board is in the opinion that with the positive outlook of the global electric vehicle market which is anticipated to grow 5 folds from USD287.36 billion in 2021 to USD1,318.22 billion in 2028 and the fact that EV industry in Malaysia is still at its infancy,there is a huge potential and prospect for AEV to capture the market especially the logistics service provides which have to embrace advance technologies and their commitment towards zero emission target. Moreover,the Group will be able to ride on the expertise and resources of its collaboration with BYD,which is world's leading provider of rechargeable batteries and leading player in the EV industry
In addition to the transportation and logistics business,theMOU is also expected to complement the Group's financial services business whereby the Group may offer flexible financing schemes to transportation and logistics entrepreneurs.Companies to fund the purchase of EV and/or working capital,thereby strengthening the Group's capability with enchanced infrastucture such as transport vehicles for pick-up and delivery facilities and in return,these companies are expected to give favourable term and pricing for the transportation and logistics services to support the Group's transportation and logistics business through the aforesaid inter-dependent business relationship.
The Board believes that the MOU has potential and would contribute positive to the Group's future earnings and improve the Group's financial position while reducing dependency on the Group's existing business,should the EV project materialises.
Similar modus operandi with other loss making penny stocks after rights issue fund raising exercise.
Expect directors to issue more MOU and HOA to impress & attract more players into the game.
Winners are 1. directors have access to company fund of RM103 million from rights issue fund raising exercise 2. operators and friendly parties who subscribed the excess shares and pushing up to dispose the subscribed shares & free warrants to the market
=============== Basically CSH (formerly known as KTG) is a loss making company for most of the last 17 years.
Expect directors to probably raise more funds via shares issuance to ESOS (and possibly PP) causing more dilution to shareholders equity % and EPS and further increasing the NOSH to multi-billion shares
============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
How to be whistlebower99: 1) Read and take the context out from the title of announcement alone. 2) Don't make any logical observation. 3) Release copied statements in the forum. 4) Put TAYOR at the end of the statement. 5) Put "FOR NEWBIES" at the start of the statement. 6) Fap while dreaming about people supporting your heroic actions.
Down does not mean a buy when it is already move high.If want to go in,buy at the right price and right time and when sentiments are good. NOt recommended a buy.
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cicakman
6,076 posts
Posted by cicakman > 2022-03-24 09:12 | Report Abuse
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