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
================ RENOUNCEABLE RIGHTS ISSUE OF UP TO 909,204,618 NEW ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD (FORMERLY KNOWN AS TECHFAST HOLDINGS BERHAD) ("FAST ENERGY" OR THE "COMPANY") ("FAST ENERGY SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING FAST ENERGY SHARE HELD, TOGETHER WITH UP TO 454,602,309 FREE DETACHABLE WARRANTS IN FAST ENERGY ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AS AT 5.00 P.M. ON THURSDAY, 18 NOVEMBER 2021 AT AN ISSUE PRICE OF RM0.12 PER RIGHTS SHARE ("RIGHTS ISSUE WITH WARRANTS") Ex-Date 17 Nov 2021
======================= CONSOLIDATION OF EVERY 6 EXISTING ORDINARY SHARES IN FAST ENERGY HOLDINGS BERHAD ("FAST ENERGY") ("FAST ENERGY SHARE(S)") INTO 1 FAST ENERGY SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
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Winner38
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Posted by Winner38 > 2023-01-27 16:15 | Report Abuse
Time to deep fry G3.. Hopefully more Chefs to come and participate.. Then it shld hit 0035~0040