Posted by nicholas99 > 2023-03-14 16:28 | Report Abuse

BSL Corp unaware of reason for UMA .. tipu

Posted by Michael Kwok > 2023-03-14 16:31 | Report Abuse

Blame anwar ibrahim,maybe this shares was muyiddin shares.under investigation of wrongdoing or maybe quilty of muyiddin people.

Posted by nicholas99 > 2023-03-14 16:32 | Report Abuse

TIPU is REAL

Posted by whistlebower99 > 2023-03-14 19:25 | Report Abuse

https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/


Feel free to share for read

Posted by trader808 > 2023-03-14 22:38 | Report Abuse

What is the price of warrant when it starts trading tomorrow?

1.Those who followed through the fund raising exercise would have subscribed 12k right shares at 5.5sen per share and received 5k free warrants.

2.Their cost of investment would be 12x55 is Rm660. Given that the closing price today is 5sen, therefore their shareholding has fallen to Rm600. There is a loss of Rm60

3.Warrant has two components value and that is the intrinsic value and time value. Given that the exercised price has been fixed at 5.5 sen,which is higher than the mother share it therefore has no intrinsic value.
4.So,the BSL warrant only has time value for a period of 5 years. How much is the time value is truly difficult to ascertain.

5. Instead we can look at it from this angle. The subscriber to the rights shares has lost Rm60 from the 12k share one has subscribed. And that means for each lot subscribed one would lose Rm5. Logically what is lost in the mother share must be compensated by an equal amount in the new warrants. Therefore the warrant is worth 0.5 or half sen.

6.The market may be willing to pay a small premium for the time value. Even it it happens, it will take a miracle for it to trade at any price greater than 2 sen. This is my personal perception. It may not be correct.

Happy Trading
14/3/2023

Posted by whistlebower99 > 2023-03-15 09:09 | Report Abuse

FOR NEWBIES

NOSH = 1,950,594,086

WA = 142,458,195
Maturity 2024-11-11
Strike value 0.2500

New WB = 689,231,637
Maturity 2026-03-09
Strike value 0.0550

===============
Operators will likely happy to dispose their rights subscription at current price of 0.045 - 0.05 and pushing out their free warrants at 0.02

===============
Directors might continue to raise more fund via shares issuance to PP, ESOS, etc
Current NOSH will exceed 2 BILLION shares in near future

===============
Be careful not to be caught at high price

TAYOR

Posted by $$ BUYSELL $$ > 2023-03-15 16:11 | Report Abuse

going pn17 and close shop

Posted by TCH1186 > 2023-03-15 16:51 | Report Abuse

game over?

Posted by Michael Kwok > 2023-03-15 17:01 | Report Abuse

I set q at 3-3.5 cents
Tp 5-7 cents
15/3/23 5.00pm
The reason why bsl drop from 14.5 cents
I)No body like right issues
II)The 11 cents broken and retry of resistance of 14.5 cents go higher fail.tht y
III)somemore pn caught of xxx had spoil the market mood
**Please take at ur own risk.

Posted by trader808 > 2023-03-15 19:09 | Report Abuse

1. BSL has 75m share capital. On the completion of the fund raising exercise with right issues and free warrant the company has successfully raised additional 91m cash. Hence, the share capital has increased from 75m to 166m and the number of issued shares had ballooned 1.95b shares.
2. Together with the retained earnings and adding up the others reserve, the company has total equity of 241m.
3. The definition of PN17 implies that a company has continued to incur losses to the extent that its total equity is reduced to less than 25% of share capital with no or little working capital and cash balances. In simplicity, it means the company has lost 75% of its capital.
4 In the case of BSL it has 166m capital. Therefore, the threshold of PN17 would be 166m x 0.25 is 41.4m. BSL now has 241m in equity. That means it can continue to burn200m to fall into pn17. IF the company announces 10m losses year after year that would also take 20 years to kill them. Be care with what you write and try to support it with facts and numbers.
5. According to the circular dispatched to shareholders and to make a fair comment without negative bias, BSL has 12sen in net tangible assets, strong balance sheet and after the fund raising exercise it has added an unthinkable and yet it is true an amount of 91m cash in its bank balances.
6. So, It is indeed laughable that its share price closed at 4sen today. The explanation for this would be the value of a company and its share price does not depend on the value of its assets. It depends on the ability of the management to utilize the assets to generate revenue and profit. And sadly BSL has none. Share price and its valuation are based on earning basis and not assets basis.
7 Until BSL begin to make profit it will remain as a pathetic penny stock. In case you are not aware just more than a year ago BSL was trading near Rm1.45 and today it closes at 4sen. It is not children’s playground but a high risk and dangerous battle field. You could lose an arm or a leg. This is BSL.
8. In its last 10 years of business operations it has generated multi years of losses and even on the year that it made profit it was negligible. They are good at fund raising.
9. Now, the management has additional 91m cash at its disposal have you any idea how it would be spent. Are you not worry and concern?
10. Well, if you elect monkeys to provide security and safety to your bananas you must be prepared to be ridiculed and faced embarrassments.
15/3/2023

Posted by surewin111 > 2023-03-15 21:32 | Report Abuse

Walao, subscribed 1.2m shares, loss 20k la. Kanasai la

Posted by whistlebower99 > 2023-03-15 22:27 | Report Abuse

FOR NEWBIES

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

Particulars of Substantial Securities Holder
Name COMPUTER FORMS (MALAYSIA) BERHAD

Date interest acquired 15 Mar 2023
No of securities 110,090,909

Subscription of rights shares and excess rights shares by CFM Printing & Stationery Sdn. Bhd. pursuant to Rights Issue with Warrants

Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 110,090,909
Indirect/deemed interest (%) 5.704
Date of notice 15 Mar 2023

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3336999

==============
Be informed of new substantial shareholder of BSLCORP
Be informed CFM stock price has fallen from 2.80 to 1.20 within 2 weeks
Why is CFM investing and speculating in loss making penny stock like BSLCORP

Posted by whistlebower99 > 2023-03-15 22:52 | Report Abuse

FOR NEWBIES

BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY")
- SUBSCRIPTION OF AN AGGREGATE OF 181,818,181 RIGHTS SHARES AND EXCESS RIGHTS SHARES OF BSL CORPORATION BERHAD ("BSL") BY BC MEDICARE SDN. BHD. ("BC MEDICARE"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

The Board of Directors (“Board”) of BCM wishes to announce that BC Medicare, a wholly-owned subsidiary of BCM, had on 15 March 2023, subscribed an aggregate 181,818,181 rights shares and excess rights shares of BSL at an issue price of RM0.055 each, representing 9.42% equity interest of the enlarged share capital in BSL pursuant to the renounceable rights issue of up to 2,354,494,986 new ordinary shares in BSL (“Rights shares”) together with up to 981,039,577 free detachable Warrants (“Warrants B”) on the basis of 12 Rights Shares together with 5 free Warrants B for every 2 existing ordinary shares held in BSL (“the Subscription”).

This announcement is dated 15 March 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3336930

================

Posted by whistlebower99 > 2023-03-15 22:53 | Report Abuse

Be informed penny stock investing and speculating on another penny stock
BCM had fund raising in July 2021 collected about RM90 million from rights issue
Why are directors using the fund to invest and speculate on other penny stock?
Penny stock supporting fund raising exercise of another penny stock

==================
Be careful of high NOSH penny stocks that are only good in fund raising via share issuance to PP, ESOS, RI, etc

Posted by whistlebower99 > 2023-03-16 09:23 | Report Abuse

Be aware that penny stocks directors could help and support each other's fund raising exercise via rights issue by using their company funds to subscribe, invest and speculate on the rights issue shares with free warrants if there are under-subscription by smarter retail investors and shareholders.

Upon listing of the rights shares and warrants, the penny stocks that subscribed for the rights shares will attempt to dispose off their rights shares and warrants to retail investors, punters in the market to recoup their money used in rights shares subscription.

Indirectly, those retail investors, punters who bought the shares from the original subscribers will become contributors of the fund raising exercise.

Smart move by penny stocks in supporting and helping each other's fund raising exercise !!!!

Posted by Michael Kwok > 2023-03-16 10:35 | Report Abuse

I agree with whistlebower99.high majority use right,private placement to do wastefulness.
Somemore our investor here are paranoid on right issues.this wht happen market maker throw big times cause of guard of sudden.me got buy but throw after chart formation not breaking 14.5 cents.many want 20 cents.phewww it go downhill big times in 5 trading days.
Appologize if cant help.tht wht i can help if market not good.everyone have limit.
16/3/23 10.35am.

Posted by pkchong > 2023-03-17 15:45 | Report Abuse

Another typical case of price drop underwater post rights. In this case, the share price drop quite late - two days before listing. At current price, newly subscribed share together with warrant is ~12.5% underwater. If did not change the original holding to rights, the original holding is under water a further ~65% (at $0.04 referencing $0.11).

Posted by whistlebower99 > 2023-03-20 15:00 | Report Abuse

FOR NEWBIES

Be informed of new substantial shareholders of BSLCORP after rights issue exercise

1. Particulars of Substantial Securities Holder
Name COMPUTER FORMS (MALAYSIA) BERHAD
Name of registered holder CFM Printing & Stationery Sdn. Bhd.
Indirect/deemed interest (units) 110,090,909
Indirect/deemed interest (%) 5.704
Date of notice 15 Mar 2023

Posted by whistlebower99 > 2023-03-20 15:00 | Report Abuse

FOR NEWBIES

2. Particulars of Substantial Securities Holder
Name BCM ALLIANCE BERHAD
Name of registered holder BC Medicare Sdn. Bhd.
Indirect/deemed interest (units) 181,818,181
Indirect/deemed interest (%) 9.42
Date of notice 16 Mar 2023

Posted by whistlebower99 > 2023-03-20 15:01 | Report Abuse

FOR NEWBIES

3. Particulars of Substantial Securities Holder
Name METRONIC GLOBAL BERHAD
Direct (units) 101,000,000
Direct (%) 5.233
Date of notice 17 Mar 2023

Posted by whistlebower99 > 2023-03-20 15:02 | Report Abuse

FOR NEWBIES

4. Particulars of Substantial Securities Holder
Name SANICHI TECHNOLOGY BERHAD
Direct (units) 273,727,272
Direct (%) 14.182
Date of notice 17 Mar 2023

Posted by whistlebower99 > 2023-03-20 15:05 | Report Abuse

FOR NEWBIES

5. Particulars of substantial Securities Holder
Name DATO' SRI DR PANG CHOW HUAT
1 15 Mar 2023 180,454,545
Subscription of Rights Issue

Direct (units) 201,071,039
Direct (%) 10.418
Date of notice 17 Mar 2023

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3337678
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3337677
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3337676
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3337248
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3336999

Posted by nicholas99 > 2023-03-20 15:08 | Report Abuse

what happen with cfm and bsl?

Posted by whistlebower99 > 2023-03-20 15:09 | Report Abuse

Almost 40% of BSLCORP owned by other penny stocks that supported BSLCORP fund raising activity by subscribing for the rights shares using their company fund which was likely raised from their respective fund raising exercise via shares issuance to PP, ESOS or RI

Be aware that penny stocks directors could be supporting each other in their fund raising exercise in attempt to support their stock prices

Posted by nicholas99 > 2023-03-20 15:11 | Report Abuse

they raised so many times, we also blur blur what is really happening behind.. and how much and what is the value of the stock after all these exercises.

Posted by whistlebower99 > 2023-03-20 16:49 | Report Abuse

FOR NEWBIES

Be careful buying and holding the new warrant WB
More than 50% owned by substantial shareholders (penny stock companies and DATO' SRI DR PANG CHOW HUAT)

They will likely release the warrants into market to reduce their cost of subscription of rights shares

============
TAYOR

Posted by Icon 888 > 2023-03-24 18:07 | Report Abuse

Join 0.02 club

Posted by g1kluang > 2023-03-27 13:08 | Report Abuse

This one can start buy at 0.3-0.35 and keep la. Like lottery this stock

Posted by Michael Kwok > 2023-03-28 11:22 | Report Abuse

Bought yesterday early morning q 1 cents.sell 1.5 cents(bsl-wb)(27/3/23).the luck.50 percent profit.

Posted by whistlebower99 > 2023-03-29 11:15 | Report Abuse

FOR NEWBIES

Cindy & Kate playing up to release new warrant WB into market to make more profits from subscription of rights and excess shares

More likely, warrants of huge NOSH penny stocks will end up as garbage approaching expiry date.

Be careful holding these warrants

NOSH = 1,950,594,086
WA = 142,458,195
WB = 689,231,637

Don't be greedy, it is too heavy to move up much

TAYOR, set realistic target

Posted by Mohd123 > 2023-03-29 11:32 | Report Abuse

goring goring, kamu nanya

Posted by kutipkutip > 2023-03-29 11:47 | Report Abuse

bslcorp-wb masa listing hari tu boleh dapat 0.010 , hari ni sudah boleh jual 0.020 100% profit , besok lusa minggu depan boleh jual 0.300 ?

Posted by kutipkutip > 2023-03-29 14:40 | Report Abuse

bslcorp-wb sudah 0.025 , besok naik lagi tinggi ni .. macam menang-wc !

Posted by kutipkutip > 2023-03-29 14:56 | Report Abuse

gila lah sehari 150% !

Posted by Michael Kwok > 2023-03-29 15:20 | Report Abuse

I bought 1.5 cents early morning 29/3/23 bsl-wb sell 2.5 cents again.wahh.can u see the profit.Im done.
29/3/23 3.20pm
Experience win

Posted by hoot9e996 > 2023-03-29 15:28 | Report Abuse

very nice gamble paid off buying warrant for 1c sold for 2.5c

Posted by Michael Kwok > 2023-03-29 15:38 | Report Abuse

Buy sell 2 times.experience win.
29/3/23 3.38pm

Posted by kutipkutip > 2023-03-30 08:13 | Report Abuse

hari ni limit up !

Posted by kutipkutip > 2023-03-30 14:58 | Report Abuse

oh no ..

Posted by kutipkutip > 2023-03-30 14:58 | Report Abuse

bslcorp-wb 0.010

Posted by adikkici > 2023-03-30 15:02 | Report Abuse

Gostannnnn

Posted by adikkici > 2023-03-30 16:17 | Report Abuse

Gostan trend. I day show, then gostan. Then up, down, up, down

Posted by Reap88 > 2023-03-30 16:49 | Report Abuse

Instead of BSLcorp-WB better to buy Sanichi. Difference of only $0.005 Sanichi is a better buy with no expiry date. Sanichi holds 14.18% of BSL Corp with cash of RM125M and total assets RM374M

Posted by kutipkutip > 2023-03-31 09:46 | Report Abuse

-wb 0.015 tahun depan 0.030 !

Posted by kutipkutip > 2023-03-31 09:56 | Report Abuse

masuk kaunter super penny tunggu setahun nak dapat 100% memang berbaloi , biasa 3 / 6 bulan dah dapat 50% , tak rugi masa dan tenaga .

Posted by adikkici > 2023-03-31 10:19 | Report Abuse

Shake hand -wb
Long waiting.. haiyaaa

Posted by kutipkutip > 2023-03-31 14:34 | Report Abuse

-wb bulan depan 0.030 !

Posted by Michael Kwok > 2023-03-31 15:36 | Report Abuse

Buy bsl-wb 2 cents .wait 6 month before.
Buy rm 10k each.expire month 3 2026.
Tp 3.5-5 cents
31/3/23 3.35pm

Posted by Michael Kwok > 2023-03-31 15:41 | Report Abuse

Buy bsl-wb 2 cents .wait 6 month before.
Buy rm 10k each.expire month 3 2026.got lot of time.
Tp 3.5-5 cents
31/3/23 3.41pm

Posted by kutipkutip > 2023-04-03 12:15 | Report Abuse

oh no .. terjunan -wb 0.010