Listen to the recent session (Part 2) of the latest interview follows on from our Wood and Wood Products theme. Recently we had a session with Datuk Woo Thin Choy (Executive Director) of BTM Resources Berhad.
BTM Resources Berhad, a fully-integrated timber company, has been listed on Bursa's Main Market since 1996.
Datuk Woo dives into BTM's existing wood products manufacturing businesses, the new ESG-related wood manufacturing business, and updates on its pivot into green power plants.
Click to listen to excerpts of the interview in our latest Investor Education Shorts episode.
RENOUNCEABLE RIGHTS ISSUE OF 921,571,130 NEW ORDINARY SHARES IN BTM ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH 307,190,331 FREE DETACHABLE WARRANTS IN BTM ("WARRANTS-C") ON THE BASIS OF 6 RIGHTS SHARES FOR EVERY 1 EXISTING BTM SHARE TOGETHER WITH 1 WARRANT-C FOR EVERY 3 RIGHTS SHARES SUBSCRIBED ("RIGHTS ISSUE WITH WARRANTS-C") BTM RESOURCES BERHAD
Please be advised that: 1) BTM’s 307,190,331 Warrants-C issued pursuant to the Rights Issue with Warrants-C will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing of and quotation for the Warrants-C on the Main Market will be granted with effect from 9.00 a.m., Monday, 16 January 2023;
2) BTM’s additional 921,571,130 new ordinary shares issued pursuant to the Rights Issue with Warrants-C will be granted listing and quotation with effect from 9.00 a.m., Monday, 16 January 2023; and
3) BTM’s additional 8,642,716 Warrants-B issued pursuant to the adjustments arising from the Rights Issue with Warrants-C will be granted listing and quotation with effect from 9.00 a.m., Monday, 16 January 2023.
================= Directors happy will the successful money raising exercise even though under-subscribed (89.81 % subscription)
Subscribers will have to wait for operators to fry up the price
Directors might probably raise more money via shares issuance to PP, ESOS or asset acquisition in near future
================= Welcome to the BILLION shares penny stock (multi year loss making) club NOSH = 1,197,184,716 WB = 35,125,056
WC = 307,190,331 Maturity 2028-01-09 Strike value 0.1000
Directors managed to raise around RM74 million from the rights issue. Easy convenient way to build up company fund Making profit from business operation is not easy. Wise for shareholders to monitor how the money are being utilized
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
OFFER AND GRANT OF BTM SHARES UNDER THE EXECUTIVE SHARE GRANT SCHEME ("ESGS") OF BTM LONG-TERM INCENTIVE PLAN
(a) Dare of offer :1 March 2023. (b) Exercise price of the Grant: Free of charge. (c) Number of Grants offered :163,889,200. (d) Market price of BTM"s share on the date of the offer :RM0.07. (e) Number of Grants offered to Directors and employees connected to Directors:
Name of Directors Grant shares 1) Dato' Seri Yong Tu Sang 16,388,900 2) Yong Hin Siong 10,926,200 3) Yong Emmy 16,388,900 4) Datuk Woo Thin Choy 36,000,000 Emplyees connected to Directors 5) Yong Ellen 16,388,900 6)Tan Kha Luong 16,388,900 7) Woo Wen Jie 29,555,700
=============== Directors continue to issue new shares to directors at FREE OF CHARGE Rewarding themselves with free shares worth 0.07 per shares Even though company business continue to make multi-year losses
=============== Expect directors to raise more fund via share issuance to PP, ESOS or for asset acquisition
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Directors issued free shares to directors at no cost. Smart move. Free money for directors. The rich gets richer. Long term loyal shareholders see their equity % reduced further with more shares issuance to PP, ESOS, etc
=================
Changes in Director's Interest (Section 219 of CA 2016) Particulars of Director Name DATO SERI YONG TU SANG 1 08/03/2023 16,388,900 Consideration (if any) RM 0.00 Acceptance of shares offer under Executive Share Grant Scheme ("ESGS") of LTIP Direct (units) 113,972,081 Direct (%) 9.070 Indirect/deemed interest (units) 261,747,299 Indirect/deemed interest (%) 20.831 Date of notice 09/03/2023
================ Particulars of Director Name MADAM YONG EMMY 1 08/03/2023 16,388,900 Consideration (if any) RM 0.00
Acceptance of shares offer under Executive Share Grant Scheme ("ESGS") of LTIP Direct (units) 104,084,900 Direct (%) 8.283 Indirect/deemed interest (units) 271,634,480 Indirect/deemed interest (%) 21.618 Date of notice 09/03/2023
================== Particulars of Director Name MR YONG HIN SIONG 1 08/03/2023 10,926,200 Consideration (if any) RM 0.00 Acceptance of shares offer under Executive Share Grant Scheme ("ESGS") of LTIP Direct (units) 10,926,200 Direct (%) 0.869 Indirect/deemed interest (units) 364,793,180 Indirect/deemed interest (%) 29.032 Date of notice 09/03/2023
==================== Particulars of Director Name DATUK WOO THIN CHOY 1 08/03/2023 36,000,000 Consideration (if any) RM 0.00 Acceptance of shares offer under Executive Share Grant Scheme ("ESGS") of LTIP Direct (units) 36,000,000 Direct (%) 2.865 Indirect/deemed interest (units) 75,182,800 Indirect/deemed interest (%) 5.983 Date of notice 09/03/2023
==================== ESOS subscribers soon selling to take quick handsome profits ?
FREE OF CHARGE ESOS :-
a) Dare of offer :1 March 2023. (b) Exercise price of the Grant: Free of charge. (c) Number of Grants offered :163,889,200. (d) Market price of BTM"s share on the date of the offer :RM0.07. (e) Number of Grants offered to Directors and employees connected to Directors:
Name of Directors Grant shares 1) Dato' Seri Yong Tu Sang 16,388,900 2) Yong Hin Siong 10,926,200 3) Yong Emmy 16,388,900 4) Datuk Woo Thin Choy 36,000,000
Emplyees connected to Directors 5) Yong Ellen 16,388,900 6)Tan Kha Luong 16,388,900 7) Woo Wen Jie 29,555,700 This announcement is dated 2 March 2023.
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
==================== ESOS subscribers soon selling to take quick handsome profits ?
FREE OF CHARGE ESOS :-
a) Dare of offer :1 March 2023. (b) Exercise price of the Grant: Free of charge. (c) Number of Grants offered :163,889,200. (d) Market price of BTM"s share on the date of the offer :RM0.07. (e) Number of Grants offered to Directors and employees connected to Directors:
Name of Directors Grant shares 1) Dato' Seri Yong Tu Sang 16,388,900 2) Yong Hin Siong 10,926,200 3) Yong Emmy 16,388,900 4) Datuk Woo Thin Choy 36,000,000
Emplyees connected to Directors 5) Yong Ellen 16,388,900 6)Tan Kha Luong 16,388,900 7) Woo Wen Jie 29,555,700 This announcement is dated 2 March 2023.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD
1 MADAM YONG ELLEN Others Sales & Marketing Manager Type of Transaction Disposed Date of Transaction 28 Jun 2023 No of Securities Transacted 676,875 Consideration Malaysian Ringgit (MYR) 0.080
2 MR TAN KHA LUONG Others Business Development Manager Type of Transaction Disposed Date of Transaction 28 Jun 2023 No of Securities Transacted 35,063,125 Consideration Malaysian Ringgit (MYR) 0.080
3 MADAM YONG EMMY Director Type of Transaction Disposed Date of Transaction 28 Jun 2023 No of Securities Transacted 35,714,091 Consideration Malaysian Ringgit (MYR) 0.080
Notice of Interest Sub. S-hldr (Section 137 of CA 2016) BTM RESOURCES BERHAD
Particulars of Substantial Securities Holder Name MR HON TIAN KOK @ WILLIAM Name of registered holder Maybank Nominees (Tempatan) Sdn. Bhd. Date interest acquired 30 Jun 2023 No of securities 35,063,125 Acquired via Off market
contra player really not suitable play this counter, share price takes time (probably weeks) to suddenly shoot up. Your T3, T7 just made the price difficult to up and definitely lead to your further loss
================== Substantial shareholder sell to another substantial shareholder via off market ? Wait for announcement of new substantial shareholder
OFFER AND GRANT OF BTM SHARES UNDER THE EXECUTIVE SHARE GRANT SCHEME " ESGS" OF LONG-TERM INCENTIVE PLAN
(a) Date of offer :7 August 2023. (b) Exercise price of the Grant : Free of charge. (c) Number of Grants offered :24,500,000 (d) Market price of BTM 's share on the date of offer :RM 0.08. (e) Number of Grants offered to Directors :
Name of Directors Grant shares 1)Datuk Hj. Mohamed Iqbal Bin M.M. Mohamed Ganey 5,000,000 2) Choong Show Tong 5,000,000
(f) Vesting period of Grants offeres : Not Applicable.
===================== Directors rewarding employee and directors with FREE shares So lucky employees and directors being rewarded handsomely even though company incurred multi year losses
Another 24,500,000 to be added to current NOSH of 1,256,486,718 shares
Retailer investors shareholding continue to be diluted with massive shares issuance to PP, ESOS
==================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Over the past decade, BTM ROE was even lower than that for Eksons which ceased its plywood business in Jan 2023. Refer to https://www.youtube.com/watch?v=g1byo-eO4CM From a fundamental investor perspective, it is better to spend time hunting elsewhere.
FINTEC is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 31 Jan 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
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....
dudehasnoname
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Posted by dudehasnoname > 2023-01-05 10:27 | Report Abuse
Listen to the recent session (Part 2) of the latest interview follows on from our Wood and Wood Products theme. Recently we had a session with Datuk Woo Thin Choy (Executive Director) of BTM Resources Berhad.
BTM Resources Berhad, a fully-integrated timber company, has been listed on Bursa's Main Market since 1996.
Datuk Woo dives into BTM's existing wood products manufacturing businesses, the new ESG-related wood manufacturing business, and updates on its pivot into green power plants.
Click to listen to excerpts of the interview in our latest Investor Education Shorts episode.
https://www.linkedin.com/posts/kaf-investment-bank_investor-education-shorts-interview-with-activity-7016414475272544256-Zf8b?utm_source=share&utm_medium=member_desktop