I saw many retails just keep this counter in the safebox and don want to see it for the next 3-5 years unitil the next rally again. Let me tell you what going to happen:
1) Will this counter delist or going into PN17?? NO, The boss will never let that happen because XOX is one of the wok they used to goreng the retails, plenty of Right Issue, PP and ESOS will be carried out to ensure the company have sufficient cash to run. Remember, not to run the company for profit, but just to keep the company alive so that they got more counters to goreng.
2) With more than 3.9B units of shares (could be getting more later), I'm sure that this counter will eventually consolidate and make the public units of shares less. When the share price go down to certain range, they will make 50-1, 100-1 or any kind of ratio at their wish. Then after the share price readjustment, the share price will be readjusted to more expensive level, then Right Issue, PP, ESOS can continue again and price keeep going down for next few years.
To those who plan to keep it for years and hope that it will rebound back to your price, this is what you have to take note.
If you bought this counter at 10sen, assuming at 3sen later, XOX really do the share consolidation at 10 to 1 ratio, meaning the share price will be readjusted to 30sen per shares. Then the share price will keep going down again for years. Even after 3-4 years when they decided to goreng again, you have to wait them goreng until RM1.00 only you hit your breakeven points, as after the share consolidation, the existing price scaling is no longer similar to the scaling when you bought at 10sen. If they just goreng up to 40-50sen again after 4-5 years, you still losing your money. End up you are losing both money and time.
Lai please add the Facebook below. Best info place ever for syndicate stocks.
I Realise GORENG TIPU BURSA KLSE facebook has more info than here. Here has many hired spammers. I received many PM, please share more info with me. I am noob investor.
Aiyio management is trying to find money, now they move to tecfast, permaju and lambo to search for cash by diluting retailers.
OMG why XOX want to become warrent buffet? Dont understand? please explain. I thought they are telco? Why did they collect cash and use to goreng goreng? Any reason or benefit they choose to be warren buffer? Anyone benefit from their goreng activities?
Who is Chai Woon Ch3t? Can tell me? Who is Ng Kok H3ng? Who is Roy Ho Y3w K33? Why are they so famous? I heard many reports are submitted to MCMC, LHDN, Police, SC and various regulators? Why is it so?
From the above comment, please confirm??
XOX has ended up as warrent buffet in the following stocks 1. Spent RM2.6M to buy M3Tech @ 0.036 average price, now price is 0.05 2. Spent a whoping RM22M to buy MACPIE @ 0.47, now price is 0.08 3. Spent RM39M to buy NEXION technology @ 0.33, now price is 0.23 4. Spent RM30M to buy DGB @ 0.12, now price is 0.06 5. Spent RM44.6M to buy CHeetah@ 1.32, when market price is only 0.30 Total cash spent on buying penny dormant company stocks RM130M BURNT, and channel into pocket. Isn't that brilliant idea?
M3 untung , sykt yang dibeli biasanya naik bukan pembeli :)
9. APPROVALS REQUIRED The Acquisition is not subject to the approval of the shareholders of the Company or from any relevant authorities. 10. PERCENTAGE RATIO The highest percentage ratio applicable to the Acquisition pursuant to Rule 10.02(g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad is 3.28%. As at the date of this announcement, the aggregate percentage ratio applicable to the Acquisition within the period of 12 months immediately preceding from 2 July 2021 is 5.25%, computed based on the latest consolidated audited financial statements of the Company for the financial year ended 30 September 2020. 11. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED None of the directors and/or the major shareholders of XOX and/or persons connected with them have any interest, direct or indirect, in the Acquisition. 12. STATEMENT BY DIRECTORS The Directors of XOX, after taking into consideration of all financial and other factors, is of the opinion that the Acquisition is in the best interest of the Company. This announcement is dated 7 July 2021.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XOX BHD - ACQUISITION OF SHARES IN M3 TECHNOLOGIES (ASIA) BERHAD
XOX BHD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description XOX BHD - ACQUISITION OF SHARES IN M3 TECHNOLOGIES (ASIA) BERHAD The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, a wholly-owned subsidiary of the Company, had from the period between 2 July 2021 to 5 July 2021 acquired from the open market an aggregate of 106,500,000 ordinary shares in M3 Technologies (Asia) Berhad (“M3 Technologies”), representing 11.88% of the total issued and paid up share capital of M3 Technologies for a total purchase consideration of approximately RM8,571,600 (“Acquisition”).
Further details of the Acquisition are set out in the attachment herein.
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 31 Mar 2021 31 Mar 2020 31 Mar 2021 31 Mar 2020 $'000 $'000 $'000 $'000 1 Revenue 72,175 58,922 144,807 124,080 2 Profit/(loss) before tax -12,896 -4,085 -7,508 -3,704 3 Profit/(loss) for the period -12,925 -4,100 -7,674 -3,826 4 Profit/(loss) attributable to ordinary equity holders of the parent -12,774 -4,011 -7,125 -3,653 5 Basic earnings/(loss) per share (Subunit) -0.36 -0.37 -0.20 -0.33 6 Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($) 0.0858 0.0852
Phewww dodged the bullet by exiting at 0.125 though took a 40% or so loss, to those retailers who are stuck here, maybe you can consider setting a limit sell at a higher price to take the opportunity to cut loss at a higher price when they goreng
Opportunity cost is real, look at fundamentally strong companies instead, even if you can afford less than say Rm1000, buy a couple of lots and let it grow. Wake up wahai bilis, I see so many concerned individuals non-stop giving warnings about the red flags and yet so many still choose to tuck it away and make dunno instead of cutting loss and taking funds elsewhere better
Not saying this to cause panic, doubt any of us have such ability but.. please dont let your hard-earned money burn gais.....Dont try to revenge trade either, you'll just get burned coz of FOMO and emotions, take care fellow investors
Wang xox Di hongkong sedang masuk semula Malaysia:)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
M3 TECHNOLOGIES (ASIA) BERHAD
Particulars of substantial Securities Holder
Name XOX (HONG KONG) LIMITED Address 6/F., CNT Commercial Building No. 302, Queen's Road Central Hong Kong. Company No. 2958959 Nationality/Country of incorporation Hong Kong Descriptions (Class) Ordinary Shares Details of changes
No Date of change No of securities Type of Transaction Nature of Interest 1 05 Jul 2021 42,000,000 Acquired Direct Interest Name of registered holder XOX (Hong Kong) Limited Address of registered holder 6/F., CNT Commercial Building No. 302, Queen's Road Central Hong Kong Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Acquired of shares via open market transactions. Nature of interest Direct Interest Direct (units) 146,830,800 Direct (%) 16.431 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 178,880,000 Date of notice 07 Jul 2021 Date notice received by Listed Issuer 07 Jul 2021
Announcement Info Company Name M3 TECHNOLOGIES (ASIA) BERHAD Stock Name M3TECH Date Announced 07 Jul 2021 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-07072021-00075
I have kangtao Lai please add the Facebook below. Best info place ever for syndicate stocks.
I Realise GORENG TIPU BURSA KLSE facebook has more info than here. Here has many hired spammers. I received many PM, please share more info with me. I am noob investor.
Aiyio management is trying to find money, now they move to tecfast, permaju and lambo to search for cash by diluting retailers.
OMG why XOX want to become warrent buffet? Dont understand? please explain. I thought they are telco? Why did they collect cash and use to goreng goreng? Any reason or benefit they choose to be warren buffer? Anyone benefit from their goreng activities?
Who is Chai Woon Ch3t? Can tell me? Who is Ng Kok H3ng? Who is Roy Ho Y3w K33? Why are they so famous? I heard many reports are submitted to MCMC, LHDN, Police, SC and various regulators? Why is it so?
From the above comment, please confirm??
XOX has ended up as warrent buffet in the following stocks 1. Spent RM2.6M to buy M3Tech @ 0.036 average price, now price is 0.05 2. Spent a whoping RM22M to buy MACPIE @ 0.47, now price is 0.08 3. Spent RM39M to buy NEXION technology @ 0.33, now price is 0.23 4. Spent RM30M to buy DGB @ 0.12, now price is 0.06 5. Spent RM44.6M to buy CHeetah@ 1.32, when market price is only 0.30 Total cash spent on buying penny dormant company stocks RM130M BURNT, and channel into pocket. Isn't that brilliant idea?
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bri4n_Loo
328 posts
Posted by bri4n_Loo > 2021-06-30 12:14 | Report Abuse
wait this counter shoot 0.005 cents, then all the dogs will bark limit up....