No PN17, new shareholder coming in converting shareholder's loans into new shares at issue price of 20 sen which will increase the NTA to around 15 sen.
@newbie_2016, latest QR last round of huge impairment write off and huge interest payable on shareholder's loans before new controlling shareholder comes in. Subsequent QRs shouldn't be burdened by these anymore.
@davidkkw79 I think the new shareholder coming in will adjust the balancesheet (liability converted to shares)... liquidity ratio improves (see announcement)..
chinaman style, pp share till 5 B, the whole comp will eventually belong to this HK guys. look at Fitters , new boss came in , total share at 600 700m now is 2.48 B. the same will happen to Reach
mark my words la, the CEO already said comp will raise more fund. PP at 20 cents ??? or at 3 cents ? from now on will keep pp to get money for working capital
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newbie_2016
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Posted by newbie_2016 > 2023-02-22 14:10 | Report Abuse
cooking some thing? or boiling water to get steam?? ;)