Operators, proxies with massive excess rights shares can sell even at 0.055 (rights issue price) and still make profit as they will receive free warrant B from the subscription.
Most transactions are likely left hand to right hand to excite punters and newbies to get into the game.
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
It looks like BSLCorp is about to try and perform a bodtl this week or early next week.
It's very risky right now. If it performs a false bo, the 1st support at ema20 is -8.7% and the 2nd support at ema200 is -19%. This one looks like smtm, at least for this week.
Operators, proxies controlling more than 60% of the rights shares. Left to right hand to lure punters and newbies into the game. Wait for new warrants to be listed and released to greater fools on 15 March onwards.
Successful applicants of the Rights Shares will be given Warrants B on the basis of 5 Warrants B for every 12 Rights Shares successfully subscribed for.
may 1 knew what is the conversion price for the Bslcorp-WB ?
Beware of fake buy queue which could be pulled out suddenly.
Operators, proxies will be willing to dispose off their subscribed rights shares even until as low as 0.05 as they have free warrants to dispose to make extra profits
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Directors already got the money from rights issue subscribers Operators, proxies create excitement to attract punters, newbies, greedy traders into the game Now need more press releases and MOUs announcement by directors to maintain the price Punters, newbies,greedy traders all must more careful
i thought the 50% drop was due to the right issue listing... but i checked the listing date is on 15/3... well.... right share subscriber is crying like a baby now :(
1. More than 60% rights shares and excess shares held by operators, proxies, friendly parties
2. Total of new 1,654,156,234 shares will be listed on 15 March 2023
3. About 689,231,764 of new Warrant B will be listed on 15 March 2023
(Successful applicants of the Rights Shares will be given Warrants B on the basis of 5 Warrants B for every 12 Rights Shares successfully subscribed for.)
4. Directors easily raised and collected 1,654,156,234 X 0.055 = RM90,978,592 !!!! (not many business operations could generate such profits !!!)
5. Operators, proxies and friendly parties can afford to dispose off their rights shares even at 0.055 (rights issue price) as the free warrants will bring them profits
================ From 15 March onward,
NOSH = 1,950,594,086
WB = 689,231,764 exercise price = 0.055 per Warrant B
================== Be careful not to be caught at high price for the shares and warrants
Eventually the price will drop below rights issue price of 0.055
Winners are 1. directors who managed to raise fund of RM90 million via rights issue instead of generating profits from business operations 2. operators, proxies subscribing to rights shares and excess rights shares (with free warrants), supporting directors fund raising exercise, and releasing their subscribed shares into market at averaged 0.055 or above, making profits from retail traders, punters
Losers are those bought and holding the shares above 0.055, effectively becoming the subscribers and contributors to the fund raising rights issue exercise
Bsl price 12.5 cents If 11 cents can hold(on closing) Tp 15-17 cents 4/3/23 10.13pm--------PAY ME RM150 .....
============== Michael Kwok sold before the floodgate opened He is one of the proxies His followers paid Michael RM150 per month and lost their pants in BSL while Michael laugh all the way to the bank
Trading volume extremely high even though the listing date for the rights shares is 15 March 2023. Is it possible that operators have privilege to receive their rights shares earlier than retail shareholders?
BSL Corp Bhd’s latest renounceable rights issue may yield returns that are more than double than what investors are paying, an industry observer said. KUALA LUMPUR: BSL Corp Bhd's latest renounceable rights issue may yield returns that are more than double than its issued price, an industry observer said.
BSLCorp is undertaking a renounceable right issue of 12 rights shares with five free warrants for every two existing shares at the issue price of 5.5 sen each.
Universiti Teknologi MARA (UiTM) senior lecturer at the Management and Business Faculty Wan Mohd Farid Wan Zakaria said subscribers of the rights issue would be able to reap the reward from the heavily discounted offer price of BSLCorp shares at 5.5 sen.
"The issue price of 5.5 sen per rights share represents a discount of 5.5 sen from BSLCorp's last traded price of 11 sen on Monday. Thus, for every subscription of 12 rights shares, subscribers will receive 12 times the discount of 5.5 sen, which is equivalent to 66 sen.
"For every subscription of 12 rights share, they will get five free warrants, which can be conservatively trading at its intrinsic value of 5.5 sen, being the difference between BSLCorp share price of 11 sen and its exercise price of 5.5 sen," Farid explained.
I got this experience buy 9 cents go to 4 cents.but after 4 months its up and made profit.please dun complain. It after right issues.so got money to last few years.
To Whistlebower99 14.5 cents sell because need cash to pay bills and buy things.tht y sell too early. But one thing tht time,got up since recommend.I think tht guy buy 11 cents.30 percents profit,he dun sell.tq. 14/3/23 3.00pm
Clarification. The guy stntw there 2 malays in fb.one i say dun q 11 cents(means dun buy) and another one q buy 11 cents. The money i dun give back as already teaching.if this guy expect 1 months teaching include advise, can master stock market,i had done my best. I think i know who also,as i say dun q 11 cents anymore.but tht guy buy not my fault.
To whistlebower99; The explaination i already give.i see wht i write in i3 indeed 70 percent over truth.free warning some-more to pity people in i3.free writing for peoole who dun know buy shares.win or not is their destiny of choosing.do i write 100 percent gurantee in i3.no Please dun twist the word by others.
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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....
whistlebower99
4,867 posts
Posted by whistlebower99 > 2023-03-09 13:17 | Report Abuse
FOR NEWBIES
Operators, proxies with massive excess rights shares can sell even at 0.055 (rights issue price) and still make profit as they will receive free warrant B from the subscription.
Most transactions are likely left hand to right hand to excite punters and newbies to get into the game.
===============
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance
================
TAYOR