Probably the controller will bring it down to 0.10 or lower And start raising fund via shares issuance to selected lucky PP investors and ESOS including directors With lower penny price, the controller can easily fry the shares to make more profits for all the lucky parties
Current NOSH = 267,581,000 very light Can issue another 1 -2 BILLION shares
On 8th Mar, CFM hit limit down on thin volume. It kept falling for the next week with thin volume again
CFM announced rights subscription in BSL on 15 Mar. They subsequently replied to Bursa’s query the next day and then made amended announcement on 17 Mar
It’s only in the past 6 days that volume spiked tremendously, exceeding its issued number of shares in the 6 days total
You guys still dunno how come the volume has exceeded its number of issued shares in the past 6 days? C’mon…
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nicholas99
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Posted by nicholas99 > 2023-03-28 15:37 | Report Abuse
charges for them is nothing..