BSL CORPORATION BERHAD ("BSLCORP" OR THE "COMPANY") PROPOSED RIGHTS ISSUE WITH WARRANTS
On behalf of the Board of Directors of the Company ("Board"), Mercury Securities Sdn Bhd ("Mercury Securities") wishes to announce that the Company proposes to undertake a renouncable rights issue of up to 2,354,494,986 new ordinary shares in the Company ("BSLCORP Shares” or “Shares”) (“Rights Shares”) together with up to 981,039,577 free detachable warrants in the Company (“Warrants B”) on the basis of 12 Rights Shares together with 5 free Warrants B for every 2 existing Shares held by the entitled shareholders of the Company (“Entitled Shareholders”) on an entitlement date to be determined (“Entitlement Date”) (“Proposed Rights Issue with Warrants”).
Please refer to the attachment for further details on the Proposed Rights Issue with Warrants.
======================= Another low price high NOSH penny stock in the making Directors doing fund raising, collecting money from shareholders by massive shares issuance via rights issue with free warrants
=================== Maximum scenario based on illustrative price, 1. Amount to be raised = 2,354,494,986 X 0.055 = RM129,497,224 2. NOSH will exceed 2.5 BILLION shares
===================== Be careful trading penny stocks with massive shares issuance and high NOSH. Refer pasukgb, sanichi, lambo, kanger, fast, lkl, mlab, mtouche, mtronic, netx, pdz, trive, vsolar and many more
Pihak bursa lebih perlu berintegriti.Jangan benarkan kaunter2 penipu dari tauke yg sama iaitu bos Sanichi utk terus menipu dgn split,consolidation dan waran2 baru yg terang2 nak tipu pelabur.Biarkan kaunter2 penipu geng focus fintec ini bankrap drp terus berleluasa menipu terutama pelabur baru yg tak tahu selok belok penipuan di bursa yg melibatkan pelbagai pihak.
Renouncable rights issue of up to 2,354,494,986 new ordinary shares in the Company ("BSLCORP Shares” or “Shares”) (“Rights Shares”) together with up to 981,039,577 free detachable warrants in the Company (“Warrants B”) on the basis of 12 Rights Shares together with 5 free Warrants B for every 2 existing Shares held by the entitled shareholders of the Company
=============== Investors selling down. They are not willing to dig out more money to contribute to directors fund raising exercise. Illustrative rights issue price is 0.055 After rights issue completed, possible for stock price to drop below rights issue price like many penny stocks with similar fund raising exercise.
That s y if u want invest pls choose the proper company with bright future like dnex! Bursa also tak campur lah as long as they still make money , no body forced u to buy this stock , u are cheated by your greedy want fast money !
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....
Serenevalley
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Posted by Serenevalley > 2022-05-26 12:23 | Report Abuse
Loose cannon