Making almost 20% if sold at 25 on tomorrow listing
1. Details of Corporate Proposal Involve issuance of new type/class of securities ? No Types of corporate proposal Private Placement Details of corporate proposal Private Placement of up to 30% of the issued shares of BSL Corporation Berhad No. of shares issued under this corporate proposal 9,960,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.2119 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 258,983,498 Issued Share Capital ($$) Malaysian Ringgit (MYR) 71,836,162.790 Listing Date 10 Mar 2022
BSL mana datang , balik tempat asal saja , 10 - 12 sen expected within 5 month time, By END Sept 2022 , u will see BSL will flatutuale within 10 sen to 12 sen
BSL CORPORATION BERHAD ("BSLCORP" OR THE "COMPANY") (I) SHARE SPLIT; (II) PRIVATE PLACEMENT; (III) BONUS ISSUE OF WARRANTS; AND (IV) ESOS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
On behalf of the Board, Mercury Securities wishes to announce that the Board had on 23 March 2022 (“Price-fixing Date”) fixed the issue price for the third and final tranche of the Private Placement at RM0.1680 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 20% to the 5-day VWAP of the Shares up to and including 22 March 2022 of RM0.2100, being the last market day immediately preceding the Price-fixing Date.
This announcement is dated 23 March 2022. https://www.klsescreener.com/v2/announcements/view/3522631 ================ Frequent fund raising via shares issuance to PP at lower than market price Dilution of shareholders equity % and EPS Low NOSH will continue to increase with shares issuance in near future to ESOS and PP
================= Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
man people smart already company that do : - private placement - right issue - ESOS non stop - convert warrant assuming warrant is cheap these are 4 methods these con-group tries to profit, most notorious are to keep an eye on the shareholders certain person/company as shareholder better avoid its a hit if you ride while they are pushing price up. its a bloody death if you try to catch after they are dumping. even after they cease to be shareholder, company = bad reputation very little chance for revival
i3investor best place, can see recent shareholders / additional listing. then under shareholders you can explore click the names > related companies you will see DEATH
i blame bursa though, 2 years they let them get away. because of covid they increase the limit company can issue PP. give opportunity for these scammers to play the market
worst is all these are LEGAL. people invest into market for long term better returns compare to FD. new investor, get burnt. those tempted by fast money get burnt as operators has the shares + cash to control the 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....
whistlebower99
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Posted by whistlebower99 > 2022-03-09 17:02 | Report Abuse
LUCKY PRIVATE PLACEMENT INVESTORS
Making almost 20% if sold at 25 on tomorrow listing
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Private Placement
Details of corporate proposal Private Placement of up to 30% of the issued shares of BSL Corporation Berhad
No. of shares issued under this corporate proposal 9,960,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.2119
Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000
Latest issued share capital after the above corporate proposal in the following
Units 258,983,498
Issued Share Capital ($$) Malaysian Ringgit (MYR) 71,836,162.790
Listing Date 10 Mar 2022
https://www.klsescreener.com/v2/announcements/view/3515293
=================
Director fund raising via share issuance to PP; increase company fund for utilisation
Dilution of shareholders equity and EPS
================