I think this counter is not worth it until the company uploads the news that they have started or are implementing according to phase for the AIS3 project in KLIA & KLIA2.. Until now there is no news of the latest project or interesting news about this counter.. the last few weeks the counter has experienced a trading volume that high but still unable to break 0.025 - 0.035 price.. This has been happening for 3 - 4 months.. It is better to switch to other counters which may give flexible returns.. But that's the stock play.. Choice is yours..
Gkungpat: agreed. Ti's counter need some "goreng" to make it alive.. But we never know as Malaysia Bursa got lots of big Chefs.. Hope they heat up G3 Oil and fry Kawkaw...
EDUSPEC & DOLPHIN are the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 13 January 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 proposal in progress - MERIDIAN, VSOLAR, DOLPHIN, EDUSPEC
Directors doing another massive shares issuance to PP, resulting in further dilution of shareholders equity % and increased NOSH.
=========== proposed private placement of up to 870,826,000 new ordinary shares in G3 Global (“G3 Global Shares” or “Shares”), representing not more than 30% of the issued Shares in G3 Global.
Kindly refer to the attachment on further details of the Proposals.
This announcement is dated 17 January 2023
========== TAYOR, be careful trading or holding high NOSH loss making penny stocks
Multi year, multi quarter loss making penny stock 10 consecutive years of losses !!!
NOSH = 2,902,753,548
NOSH = 2,164,258,748, 07 Jan 2022 NOSH = 492,287,062, 09 Feb 2021 NOSH = 468,025,762, 03 Jan 2020
NOSH increased to multi BILLION shares within 2 years !!! Directors collected lots of money from warrant conversions and PP shares issuance while shareholders equity % dropped massively
Too heavy, lack fundamental, not easy to push up price
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
============= Be careful holding high NOSH multi year loss making penny stocks, many of which had undergone shares consolidation allowing directors to raise more fund via rights issue, causing massive losses to especially retail shareholders
=========== proposed private placement of up to 870,826,000 new ordinary shares in G3 Global (“G3 Global Shares” or “Shares”), representing not more than 30% of the issued Shares in G3 Global.
================ Upon completion of director's fund raising PP exercise, NOSH = 2,902,753,548 + 870,826,000 = 3,773,579,548 !!!!
============= TAYOR, be careful if intend to hold high NOSH loss making penny stock.
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
G3 work closely with China big AI company SenseTime, as chatGPT AI theme play has began in US and mainland market, G3 in Malaysia sure is the AI theme play 1st choice.
On 5th May 2022, the company was awarded a total contract value of RM118.0 million to design, supply, install, testing and commissioning for Airport Integrated Security and Safety System at KLIA and KLIA 2 in conjunction with SenseTime, a mega sized AI software provider.
Some of the big shareholders in G3: MOHAMED FAROZ BIN MOHAMED JAKEL 1.83 39,760,000 NEW 1.19M 14 Apr 22 LUQMAN BIN MOHAMED JAKEL 1.30 28,200,000 NEW 846K 14 Apr 22 MOHAMED IZANI BIN MOHAMED JAKEL 1.15 24,800,000 NEW 744K 14 Apr 22 (马来纺织集团JAKEL集团今年1月7日认购私下配售新股CYPARK资源,崛起成最大股东,持股27.33%;JAKEL集团6000多万令吉投资短短几个星期翻了三倍,变成"金手指")
Another project on the way: The Company intends to utilise RM4.00 million of the proceeds to be raised from the Proposed Private Placement to fund the future ICT projects to be secured by the Group. The Group is currently in talks for a potential contract for the supply of electronic components such as bazzle, backlight and thin firm transistor material for liquid crystal display screen. It is envisaged that the proceeds will be used to support the Group’s cash flow as it undertakes this contract by covering the purchasing cost for the electronic components. The Group is expected to finalise the contract by the second quarter of 2023. The requisite announcement will be made upon finalisation of the contracts if required by the Listing Requirement.
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
(I) PROPOSED VARIATION; AND (II) PROPOSED PRIVATE PLACEMENT
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of the Company, M&A Securities is pleased to announce that Bursa Securities had approved the listing and quotation of up to 870,826,000 Placement Shares on the Main Market of Bursa Securities subject to the following conditions:
This announcement is dated 2 March 2023 ========= Another massive fund raising by directors via share issuance Directors can continue to collect more money Shareholders can see their shareholding equity % continue to decrease. NOSH continue to increase multi billion shares. ============= TAYOR
PROPOSED PRIVATE PLACEMENT OF UP TO 870,826,000 NEW ORDINARY SHARES IN G3 GLOBAL ("SHARES" OR "G3 GLOBAL SHARES"), REPRESENTING 30% OF THE TOTAL ISSUED G3 GLOBAL SHARES ("PROPOSED PRIVATE PLACEMENT")
============== Massive fund raising by directors via share issuance to PP
Upon completion of private placement, NOSH = 3,773,579,548 !!!
Shareholder equity % continue to be reduced with more shares issuance
Be careful holding high NOSH low price loss making penny stocks Directors have power to do share consolidation and followed by rights issue to raise more fund from shareholders who will suffer heavy losses
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Types of corporate proposal Private Placement Details of corporate proposal G3 GLOBAL BERHAD ("G3 GLOBAL" OR THE "COMPANY") PRIVATE PLACEMENT No. of shares issued under this corporate proposal 870,826,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0224 Latest issued share capital after the above corporate proposal in the following Units 3,773,579,548 Listing Date 12 May 2023 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3351113
========================= Directors continue fund raising via massive share issuance at cheap low price to selected PP investors Directors collect more money on hand PP investors make quick easy profits (10% if dispose at current price of 0.025) Long term retail investors get dilution of their shareholding equity %
NOSH continue to rise to 3,773,579,548, will hit 5 BILLION soon with more share issuance
MMAG is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 18 May 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 from share consolidation
=========== Before private placement, NOSH = 2,902,753,548
Current NOSH after PP = 3,773,579,548
4 BILLION shares coming soon with directors doing more fund raising via shares issuance to PP or ESOS or RI Retail shareholders keep seeing their shareholdings equity % and EPS being diluted
Heavy stock to push the price up Operators and price influencer have to be very powerful
DGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 26 June 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
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 from share consolidation
List of penny stocks with shares consolidation :-
2023 in progress - DGB, MMAG, DOLPHIN, TECHNAX, ICON
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....
Winner38
472 posts
Posted by Winner38 > 2022-12-21 16:50 | Report Abuse
Dangerous counter.. Got chance to make money or not if buy??