PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 3,327,063,258 NEW ORDINARY SHARES IN DESTINI BERHAD ("DESTINI" OR THE "COMPANY") ("DESTINI SHARE(S)" OR "SHARE(S)") ("RIGHTS SHARE(S)") AT THE ISSUE PRICE OF RM0.04 PER RIGHTS SHARE, ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 1 EXISTING DESTINI SHARE HELD, | https://www.klsescreener.com/v2/announcements/view/5930143
High NOSH low price penny stock in the making Many penny stocks with high NOSH of above 3 Billion shares had done shares consolidation. Latest examples are AT, JOE, MMAG, KGROUP, ETC
MACC should investigate these penny stock companies for using shares issuance to raise massive fund and shares consolidation to trim the shares issued and then repeating the process to cause huge losses to retail shareholders.
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN DESTINI ("DESTINI SHARE(S)" OR "SHARE(S)") INTO 1 DESTINI SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
On behalf of the Board, UOBKH is pleased to announce that the Share Consolidation has been completed following the listing of and quotation for 499,059,412 Consolidated Shares and 166,353,160 Consolidated Warrants B on the Main Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 12 June 2024.
=================== @Rose001 The price has gone up due to share consolidation. Retailers bought and holding the shares at high prices incurred huge losses when their shareholdings are reduced by 10 times
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
================= Expect directors to restart 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 :-
Announced EX Date Subject Ratio Offer 24 May 2024 10 Jun 2024 Share Consolidation 1.0000 : 10.0000 26 Jan 2024 09 Feb 2024 Rights Issue (warrant) 2.0000 : 1.000 0.0400 12 Sep 2013 26 Sep 2013 Bonus Issue (warrant) 2 : 3 View 27 Jul 2012 08 Aug 2012 Rights Issue 5 : 2 View
===================== NOSH = 499,059,412 after share consolidation in Jun 2024
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future
================== 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
=========== Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc
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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....
AlexChiaWS
87 posts
Posted by AlexChiaWS > 2023-06-27 15:20 | Report Abuse
Seems like people dont trust government contract anymore.
Today award, tomorrow cancel. Flip flop