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
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
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.
Announced EX Date Subject Ratio Offer 30 Nov 2022 14 Dec 2022 Rights Issue (warrant) 6.0000 : 1.0000 0.0800 View 12 Sep 2014 25 Sep 2014 Rights Issue (warrant) 2 : 1 0.2000 View 16 Nov 2009 26 Nov 2009 Rights Issue (warrant) 1 : 3 1.0000 View
================== 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
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.
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List of high NOSH penny stocks with shares consolidation :-
TALAM TRANSFORM BERHAD (TALAMT) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to PP, ESOS. This announcement is dated 27 Sep 2024.
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List of high NOSH penny stocks with shares 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....
imvu
7,888 posts
Posted by imvu > 2023-01-16 09:53 | Report Abuse
bila boleh kutip kutip ?