Posted by cunoldfox > 2021-07-16 18:47 | Report Abuse

vsolar give project to pasuk ...hahaha .nmkc hai...both also same con grp...

Posted by jutawansenyap > 2021-07-16 19:27 | Report Abuse

Luckily i read evening announcement.. Huhu..

Posted by jutawansenyap > 2021-07-16 19:29 | Report Abuse

Cut lost 1 bid after saw price not moving, seller keep top up. Good luck!!!

Posted by Good123 > 2021-07-16 19:32 | Report Abuse

Macam mlabs, selepas konsolidasi syer dan right issue, harga syer Akan dibiarkan jatuh sehingga 50% dan buat private placement 20% pada harga rendah tersebut . Right issue baru dibuat beberapa bulan lepas dan tunai dalam mlab rm100juta++ d

SYSTEMS BERHAD (“MLABS” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT
1. INTRODUCTION
On behalf of the Board of Directors of MLABS (“Directors”) (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that the Company proposes to undertake a private placement of up to 241,568,000 new ordinary shares in the Company (“MLABS Shares” or “Shares”), representing 20% of the existing total number of issued Shares, to independent third-party investor(s) to be identified and at an issue price to be determined later (“Placement Shares”) (“Proposed Private Placement”).
2. PROPOSED PRIVATE PLACEMENT
2.1 General mandate
The Company had obtained the approval from its shareholders (“Shareholders”) at its last annual general meeting (“AGM”) held on 26 November 2020, authorising the Directors to issue and allot new Shares pursuant to Sections 75 and 76 of the Companies Act 2016 (“Act”), provided that the aggregate number of new Shares to be issued does not exceed 20%(1) of the total number of issued Shares (excluding treasury shares) (“General Mandate”). The said approval shall continue to be in force, unless revoked or varied by the Company at a general meeting, until the conclusion of the next AGM of the Company.
In the event the Proposed Private Placement transcends beyond the next AGM to be held by the Company, approval will be sought from the Shareholders at the next AGM for renewal of the General Mandate.
Note:-
(1) On 16 April 2020, Bursa Malaysia Securities Berhad (“Bursa Securities”) had
announced the “Additional Temporary Relief Measures To Listed Corporations‟ whereby the companies listed on the ACE Market of Bursa Securities are allowed to seek a higher general mandate under Rule 6.04 of the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) of not more than 20% of the total number of issued shares (excluding treasury shares) of the listed corporation (“20% General Mandate”) provided that the following are being complied with:-
(i) the listed corporation procures its shareholders’ approval for the 20% General Mandate at a general meeting;
(ii) the listed corporation complies with all the relevant applicable legal requirements, including its constitution or relevant constituent document; and
(iii) in addition to the existing disclosure required in the statement accompanying the proposed resolution under Rule 6.04(3) of the Listing Requirements, the listed corporation must also disclose the views from its board of directors that the 20% General Mandate is in the best interest of the listed corporation and its shareholders, as well as the basis for such views.
The 20% General Mandate may be utilised by the listed corporation to issue new securities until 31 December 2021. After that, the 10% limit under Rule 6.04(1) of the Listing Requirements will be reinstated.
1

2.2 Size of placement
As at 2 July 2021, being the latest practicable date prior to this announcement (“LPD”), the Company has an issued share capital comprising 1,207,841,090 Shares as well as the following convertible securities:-
(i) 440,488,340 outstanding MLABS warrants 2020/2023 (“Warrants C”), which have an exercise price of RM0.09 each and are expiring on 7 December 2023 (for information, the Warrants C are currently out-of-the-money based on the 5-day volume-weighted average market price (“VWAP”) of the Shares up to and including the LPD of RM0.0442); and
(ii) up to 1,445,127 options which may be granted pursuant to the maximum allowable amount under the existing employees’ share option scheme of the Company which took effect on 28 September 2017 for a period of 5 years (“ESOS”) (“ESOS Options”).
The Warrants C and ESOS Options are collectively referred to as the “Convertible Securities”.
Based on the total number of 1,207,841,090 issued Shares as at the LPD and assuming none of the outstanding Convertible Securities as at the LPD are granted and/or exercised into new Shares prior to the implementation of the Proposed Private Placement, the issuance of up to 241,568,000 Placement Shares under the Proposed Private Placement would represent 20% of such total number of issued Shares (after rounding down to the nearest 1,000 Shares). As at the LPD, the Company does not have any treasury shares.
For the avoidance of doubt, any increase in the number of issued Shares arising from the granting and/or exercise of the Convertible Securities will not affect the maximum number of Placement Shares to be issued under the Proposed Private Placement.
The effects of the Proposed Private Placement are set out in Section 6 of this announcement.
2.3 Placement arrangement
The Placement Shares are intended to be placed to independent third-party investor(s) to be identified later.

Posted by Raiz368 > 2021-07-16 20:49 | Report Abuse

Next week operator will bring up the price b4 21/7/21 to ensure right share and warrant open.at good price

Posted by ken2004 > 2021-07-16 21:07 | Report Abuse

So everyone all in with this low price and all prepare dump at 21/7/21 but problem is everyone seems to know already, so who will still dare buy to chase high at 21/7/21.....

Posted by ken2004 > 2021-07-16 21:07 | Report Abuse

Just thinking if no one buy at 21/7/2021, then the shark syiok sendiri alone, then this will be the nice show lol

Posted by OngKawKaw > 2021-07-16 22:49 | Report Abuse

SINI TANGKAP BELAKANG LEPAS. MALAISIA BOLEH!!!

Posted by AlfI3 > 2021-07-17 06:40 | Report Abuse

Not necessarily to dump, dey can push up amongst dier hands; no harm for dem on these moves.

Try to figure out wat I say to understand dier motive for nex week trading patterns

Posted by BetterTomorrow > 2021-07-17 11:21 | Report Abuse

Why need to push up? Tehy already sold at high now is to subvribe the right with free warrant, so the cost is less than 10cent. They already make the money

Posted by whistlebower99 > 2021-07-17 13:13 |

Post removed.Why?

Posted by ken2004 > 2021-07-17 13:33 | Report Abuse

The question is are we sure that retailer is the one chasing high all this while, does not seems to me as all those sky high price seems to be pump up awhile within minutes only then crash back down as seems no one buy the sudden price increase....

Posted by ken2004 > 2021-07-17 13:34 | Report Abuse

As the one holding the most IR shares at 0.10 is the management been predicted, if the price crash below 0.10 before even IR shares out, this is fun to see

Posted by ken2004 > 2021-07-17 13:36 | Report Abuse

Just have to see monday as the last listing date price before the IR shares out as tuesday is holiday...

Posted by ken2004 > 2021-07-17 14:44 | Report Abuse

Actually, there is no losses for them as the cash is in their hand and in fact any subscription from others is already a profit to them, it just whether they can make profit more or less from what I see....

Posted by ken2004 > 2021-07-17 14:45 | Report Abuse

Even if the price crash below 0.10, makes no difference now I see as the cash raised from the IR is in their hand, it is already a profit to them

Posted by shpg22 > 2021-07-17 17:40 | Report Abuse

Apahh,,,amaahh....wat happen??

Posted by ken2004 > 2021-07-17 20:09 | Report Abuse

Sounds like this is a sure profit as first the subscription money is already with them, the warrant and new shares is just like bonus whether it can be dump out or not.

Posted by Pennyloo > 2021-07-17 22:42 | Report Abuse

How to make the big shareholders and subscribers hold on their shares forever after 21st July? All ikan bilis dont play or else end up got fried in chilly, for other people nasi lemak. But I am not too sure the game, actually.

Posted by Pennyloo > 2021-07-17 22:49 | Report Abuse

Whislebower99, pls help to update time to time for education of newbies.

Posted by Good123 > 2021-07-17 22:55 | Report Abuse

Cara lama :) tapi masih Ada orang yang kena juga :)

Macam mlabs, selepas konsolidasi syer dan right issue, harga syer Akan dibiarkan jatuh sehingga 50% drp harga right issue dan buat private placement 20% pada harga rendah tersebut . Right issue baru dibuat beberapa bulan lepas dan tunai dalam mlab rm100juta++ d

SYSTEMS BERHAD (“MLABS” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT
1. INTRODUCTION
On behalf of the Board of Directors of MLABS (“Directors”) (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that the Company proposes to undertake a private placement of up to 241,568,000 new ordinary shares in the Company (“MLABS Shares” or “Shares”), representing 20% of the existing total number of issued Shares, to independent third-party investor(s) to be identified and at an issue price to be determined later (“Placement Shares”) (“Proposed Private Placement”).
2. PROPOSED PRIVATE PLACEMENT
2.1 General mandate
The Company had obtained the approval from its shareholders (“Shareholders”) at its last annual general meeting (“AGM”) held on 26 November 2020, authorising the Directors to issue and allot new Shares pursuant to Sections 75 and 76 of the Companies Act 2016 (“Act”), provided that the aggregate number of new Shares to be issued does not exceed 20%(1) of the total number of issued Shares (excluding treasury shares) (“General Mandate”). The said approval shall continue to be in force, unless revoked or varied by the Company at a general meeting, until the conclusion of the next AGM of the Company.
In the event the Proposed Private Placement transcends beyond the next AGM to be held by the Company, approval will be sought from the Shareholders at the next AGM for renewal of the General Mandate.
Note:-
(1) On 16 April 2020, Bursa Malaysia Securities Berhad (“Bursa Securities”) had
announced the “Additional Temporary Relief Measures To Listed Corporations‟ whereby the companies listed on the ACE Market of Bursa Securities are allowed to seek a higher general mandate under Rule 6.04 of the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) of not more than 20% of the total number of issued shares (excluding treasury shares) of the listed corporation (“20% General Mandate”) provided that the following are being complied with:-
(i) the listed corporation procures its shareholders’ approval for the 20% General Mandate at a general meeting;
(ii) the listed corporation complies with all the relevant applicable legal requirements, including its constitution or relevant constituent document; and
(iii) in addition to the existing disclosure required in the statement accompanying the proposed resolution under Rule 6.04(3) of the Listing Requirements, the listed corporation must also disclose the views from its board of directors that the 20% General Mandate is in the best interest of the listed corporation and its shareholders, as well as the basis for such views.
The 20% General Mandate may be utilised by the listed corporation to issue new securities until 31 December 2021. After that, the 10% limit under Rule 6.04(1) of the Listing Requirements will be reinstated.
1

2.2 Size of placement
As at 2 July 2021, being the latest practicable date prior to this announcement (“LPD”), the Company has an issued share capital comprising 1,207,841,090 Shares as well as the following convertible securities:-
(i) 440,488,340 outstanding MLABS warrants 2020/2023 (“Warrants C”), which have an exercise price of RM0.09 each and are expiring on 7 December 2023 (for information, the Warrants C are currently out-of-the-money based on the 5-day volume-weighted average market price (“VWAP”) of the Shares up to and including the LPD of RM0.0442); and
(ii) up to 1,445,127 options which may be granted pursuant to the maximum allowable amount under the existing employees’ share option scheme of the Company which took effect on 28 September 2017 for a period of 5 years (“ESOS”) (“ESOS Options”).
The Warrants C and ESOS Options are collectively referred to as the “Convertible Securities”.
Based on the total number of 1,207,841,090 issued Shares as at the LPD and assuming none of the outstanding Convertible Securities as at the LPD are granted and/or exercised into new Shares prior to the implementation of the Proposed Private Placement, the issuance of up to 241,568,000 Placement Shares under the Proposed Private Placement would represent 20% of such total number of issued Shares (after rounding down to the nearest 1,000 Shares). As at the LPD, the Company does not have any treasury shares.
For the avoidance of doubt, any increase in the number of issued Shares arising from the granting and/or exercise of the Convertible Securities will not affect the maximum number of Placement Shares to be issued under the Proposed Private Placement.
The effects of the Proposed Private Placement are set out in Section 6 of this announcement.
2.3 Placement arrangement

Posted by ruhaizat69 > 2021-07-17 23:21 | Report Abuse

All the fintec related co actually a con man company

Posted by AlfI3 > 2021-07-18 06:13 | Report Abuse

Fintec ody become sleeping dragon for quite a long while. Dey had diverted into other penny stocks

Posted by whistlebower99 > 2021-07-18 09:42 | Report Abuse

@Pennyloo, ask specific question, what you don't understand or which section? Refer back my postings from last week.

Posted by Raiz368 > 2021-07-19 08:23 | Report Abuse

Those bought at closing price last week, today can big smile...Pasu price will rebound at least 15 cent

Posted by whistlebower99 > 2021-07-19 08:44 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-19 08:46 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-19 08:47 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-19 09:23 | Report Abuse

PASUKGB listing of warrant A and additional rights share

Kindly be advised that the abovementioned Company's additional 991,989,752 new ordinary shares issued pursuant to the aforesaid Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 21 July 2021.

We are also pleased to advise that PASUKGB’s 578,660,588 Warrants A issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of the Exchange and the listing and quotation of the Warrants A on the ACE Market, will be granted with effect from 9.00 a.m., Wednesday, 21 July 2021.

The Stock Short Name, Stock Number and ISIN Code of the Warrants A are “PASUKGB-WA”, “0177WA” and “MYQ0177WAY68” respectively.

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

Enjoy your holiday tomorrow
Rights shares and warrant A flooding the market on Wednesday, 21/7/21
Will get to know the main shareholders of the rights shares and warrant A.

Posted by kasrim > 2021-07-19 10:05 | Report Abuse

adoi apa dh jadi, kesian ramai kena game!

Posted by Good123 > 2021-07-19 10:29 | Report Abuse

Puak yang menyebabkan harga syer Pasukhas naik gila baru2 ni diramal akan beralih ke mlabs, pengarah juga sama

Posted by Good123 > 2021-07-19 10:30 | Report Abuse

Mereka wujudkan platform untuk traders buat spekulasi

Posted by cunoldfox > 2021-07-19 10:57 | Report Abuse

the main subscribers mar con group itself, who want to subscribe????

Posted by cunoldfox > 2021-07-19 10:58 | Report Abuse

jialat this fuxxxing con GRP...

Posted by Good123 > 2021-07-19 12:39 | Report Abuse

Bergilir-gilir :)

Syer konsolidasi, right issue dengan warrant, biarkan harga jatuh sehingga ~ 50% drp harga right issue, kemudian tawarkan 20% drp jumlah syer yg diterbitkan melalui PP kpd puak tertentu/khas.

Modus operandi yg sama macam mlabs, pengarah pun sama.

Pihak berkuasa SC dan Bursa perlu bangkit dan memperbetulkan prosedur untuk private placement, dll untuk mencegah pengarah2 yang gila duit untuk menindas ataupun Merompak pemegang syer minoriti.

Posted by py1818 > 2021-07-19 12:49 | Report Abuse

Paid up shares is I billion shares. And loss making company. Give a good reason why play this share?

Posted by ken2004 > 2021-07-19 13:06 | Report Abuse

Actually, I think no one will push up this counter as subscription money already in the hand, so the shares sold are just bonus to them regardless whether it is below 0.10 or above 0.10...

Posted by ken2004 > 2021-07-19 13:15 | Report Abuse

By the way, maybe they have already finished dumping all the shares they want as they still will maintain the share holders percentage.

Posted by ken2004 > 2021-07-19 13:22 | Report Abuse

As days come to the end, we can finally see clearly how the whole process happen before RI listing and after RI listing

Posted by ken2004 > 2021-07-19 13:23 | Report Abuse

Before RI, the price been push up and then shares can be dump at free will as they know after RI, they will have the numbers of shares they dump back as 0.10 and any prices drop below 0.10 no longer really a big concern to them......

Posted by ruhaizat69 > 2021-07-19 14:08 | Report Abuse

TP0.005

Posted by Raiz368 > 2021-07-19 14:12 | Report Abuse

Today press down again until no buyer...wednesday will push up.

Posted by Seven77 > 2021-07-19 14:37 | Report Abuse

suggest everyone complain to Bursa about this con group FIntex

Posted by Neverkckc > 2021-07-19 14:48 | Report Abuse

No show today,....

Posted by Potato88 > 2021-07-19 15:32 | Report Abuse

Q buy at 0.1..hope can done today

Posted by Good123 > 2021-07-19 15:46 | Report Abuse

Demi diversifikasi risiko, kurangkan risiko dengan spekulasi dalam mlabs kini drp Pasukhas :)

Posted by whistlebower99 > 2021-07-19 16:05 | Report Abuse

Big boys subscribers of rights share can afford to sell the subscribed shares at 10sen and still profit from the free warrants.

_________________________________________No. of Rights Shares____% of total issue
Total valid acceptances__________________________186,547,381________18.80
Total valid excess applications____________________805,442,371_________81.16

805,442,371 excess shares come with 469,841,383 free warrant A

Assume warrant price = 5sen,
Profit from free Warrants A = RM23,492,069

Good fast money for big boys

Posted by ken2004 > 2021-07-19 16:06 | Report Abuse

Actually, don't think will have show on Wednesday as no point to push up, anyone will have already done with the dumping last few weeks, anyone who bought high last few weeks also drop into the pit with no return.....

Posted by ken2004 > 2021-07-19 16:10 | Report Abuse

Previously I am also confused with all this after RI listing will drop news, just think properly, there is no difference with the shares those people holding vs the new RI shares, so they can dump before RI listing as anyhow they still need to hold certain percentage of shares to become major shareholder.

Anyone holding the share after the subscription end with the right mind should have already dump the shares by now, pity those new shareholders who jump in last few weeks if any.....

Posted by whistlebower99 > 2021-07-19 16:11 |

Post removed.Why?