Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcements dated 28 June 2022, 15 July 2022, 18 October 2022 and 27 December 2022 in relation to the Rights Issue with Warrants (“Announcements”) and the circular to shareholders dated 1 August 2022 (“Circular”).)
We refer to the Announcements and Circular in relation to the Rights Issue with Warrants.
On behalf of the Board, Malacca Securities Sdn Bhd wishes to announce that Bursa Securities had, vide its letter dated 4 January 2023, resolved to grant the Company an extension of time until 15 July 2023 to complete the implementation of the Rights Issue with Warrants.
Unless you know the real insider, for me it's not worth it. They just press the price down, no matter what. Not only traders dont want to join in, even the genuine buyer will be forced to get out due to price pressure.
RENOUNCEABLE RIGHTS ISSUE OF UP TO 2,354,494,986 NEW ORDINARY SHARES IN BSL CORPORATION BERHAD ("BSLCORP" OR "COMPANY") ("BSLCORP SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.055 PER RIGHTS SHARE 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 AT 5.00 P.M. ON 8 FEBRUARY 2023 ("RIGHTS ISSUE WITH WARRANTS") Ex-Date 07 Feb 2023
============= Another multi BILLION issued share penny stock in the making Master stroke by directors to raise massive fund via share issuance to rights issue. Shareholders squeezed to fork out lots of additional money to contribute to directors fund raising. Directors might receive close to RM130 million from the fast and convenient fund raising exercise.
Before Rights Issue (as at 6/2/23), NOSH = 278,656,298 WA = 72,583,089
After Rights Issue completion, NOSH will increase to 1,950,594,086 Estimated New Warrant B = 981,039,577
================ Joining high NOSH penny stock Heavy mother with a big baby
================ Operator likely to goreng before listing of rights shares in near future Bear in mind, NOSH will increase from 278,656,298 to 1,950,594,086 upon listing of rights shares
Directors likely to raise about RM84 million from the subscription of rights shares
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Walk to the bank if buy low and sell high. Pull down pant and run if buy high and sell low. This is not buy or sell advice but careful and do your homework properly.
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....
wongcheehui83
592 posts
Posted by wongcheehui83 > 2022-12-28 15:14 | Report Abuse
slowly accumulate