NOSH exceeded 3.5 BILLION shares due o directors frequent fund raising via shares issuance to PP, ESOS, RI, etc Causing massive dilution to shareholders equity and EPS
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Description G3 GLOBAL BERHAD ("G3 GLOBAL" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10.00% OF THE TOTAL ISSUED ORDINARY SHARES IN G3 GLOBAL ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of G3 Global (“Board”), M & A Securities Sdn Bhd (“M & A Securities”) wishes to announce that G3 Global proposes to undertake a private placement exercise of up to 377,357,000 new ordinary shares in G3 Global (“G3 Global Share(s)” or “Share(s)”), representing not more than 10.00% of the total number of issued ordinary shares in G3 Global, to independent third-party investor(s) to be identified and at an issue price to be determined at a later date (“Proposed Private Placement”).
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition,
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
in bursa malaysia, fundamental does not necessarily play a major role in deciding share price. have you seen negative earning stocks skyrocketting? a lot. haha
PRIVATE PLACEMENT OF UP TO 870,826,000 NEW ORDINARY SHARES IN G3 GLOBAL BERHAD ("G3 GLOBAL") REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF G3 GLOBAL ("PRIVATE PLACEMENT 2023") - QUARTERLY UPDATES
Total fund raised = 870,826,000 x 0.0224 = RM19, 506,502 Fully utilised as at 31/7/2024
================ PRIVATE PLACEMENT OF UP TO 432,849,300 NEW ORDINARY SHARES IN G3 GLOBAL BERHAD ("G3 GLOBAL") REPRESENTING 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF G3 GLOBAL ("PRIVATE PLACEMENT 2022") - QUARTERLY UPDATES
Total fund raised = 432,849,300 x 0.0420 = RM18,179,670 Fully utilised as at 31/7/2024
================ Directors did 2 massive fund raising and fully utlised the total fund raised NOSH = 3,773,579,548
Retail investors only see their equity % and EPS diluted over the years with more share issuance to PP, ESOS,etc
Directors might need to raise more fund via shares issuance if company fund runs low as profits from business is hard to come by.
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
khpwwl
3,430 posts
Posted by khpwwl > 2023-09-07 09:53 | Report Abuse
all these directors think many ways to trim down the share price, not think how to do business.