Convenient, fast and no stress. Issue shares for Private placement
DOLPHIN INTERNATIONAL BERHAD ("DIB" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 335,669,500 NEW ORDINARY SHARES IN DIB ("PRIVATE PLACEMENT")
On behalf of the Board, Malacca Securities is pleased to announce that the Board has resolved to fix the issue price for the Private Placement at RM0.0767 per Placement Share.
The issue price of RM0.0767 per Placement Share represents a discount of RM0.0085 or approximately 9.98% to the five (5)-day volume weighted average market price of Dolphin Shares for the last five (5) market days up to and including 5 November 2021 of RM0.0852 per Dolphin Share.
This announcement is dated 8 November 2021.
====================================== Company directors collect money from PP investors who in turn can profit about 10% if sold based on current market price.
======================================
Total issued shares increase to = 935,748,431 + 335,669,500
FUND RAISING VIA SHARE ISSUANCE TO PRIVATE PLACEMENT
Details of corporate proposal PRIVATE PLACEMENT OF UP TO 335,669,500 NEW ORDINARY SHARES IN DOLPHIN INTERNATIONAL BERHAD ("PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal 119,260,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0767 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 1,055,008,431 Issued Share Capital ($$) Malaysian Ringgit (MYR) 74,918,129.162 Listing Date 17 Nov 2021 https://www.klsescreener.com/v2/announcements/view/3456831
hahaha!!! dont ever think making money at bursa, so u will not lose money... play play for fun... makan kfc ok lar... penny or blue chip... same.. when goreng then profit lor..
penny stock for KFC ? nasi lauk lah.......few months ago i bought Dolphin 50000 units 0.12 cts...i hold about one month ,i cut lost 0.11......n now Dolphin price is 0.07 cts........hahaha......on the road Getting Smaller like ...Lambo ........wait n see ......
Fintec is another one TIPU counter.....last year i bought 60000 units 0.145 cts........for short term.......after one month cut lost 0.13.........n now Fintec is 0.02 cts,,,,it 's true ,i 'm not talk only.....
all tipu lar... u got in good timing untung lor, then u slot in again die lor... dolphin last time i in 7.5 out 11... then later all mulut busuk say will go 20 i slot in again 10.5, 12 i also dun wan let go, now kena lor... is the timing and some luck...
Low value counter. BODs and management should take drastic 50% pay cut and sack those shaking legs and underperforming. Dolphin's BIG EXPANSION! 40 Uncle Don Express outlets within 5 years is ridiculous. Why not in 1-2 years.
Just wait for this coming quarter report. If company result able turn to positive then share price potential above 10cents. Base on Uncle Don business observed, high possibility this company able turn to good with the good statement on annual report.
DOLPHIN INTERNATIONAL BERHAD ("DIB" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 335,669,500 NEW ORDINARY SHARES IN DIB ("PRIVATE PLACEMENT")
On behalf of the Board, Malacca Securities wishes to announce that an application has been submitted to Bursa Securities on 10 March 2022 to seek for an extension of time of up to 29 September 2022 to enable DIB to complete the implementation of the Private Placement ("Application"). An announcement will be made upon receipt of Bursa Securities? decision on the Application when obtained in due course. This announcement is dated 10 March 2022.
================= BE AWARE OF MORE FUND RAISING VIA SHARE ISSUANCE TO PP BEFORE 29 SEP 2022 IF EXTENSION IS APPROVED
DILUTION OF SHAREHOLDERS EQUITY % AND EPS CURRENT NOSH OF 1,05,500,8431 WILL CONTINUE TO INCREASE
================ MONITOR :- QUARTERLY AND ANNUAL REPORT OF MULTI-YEAR LOSS MAKING DIRECTORS UTILISATION OF COMPANY FUND DIRECTORS PLAN TO RAISE MORE FUND VIA SHARES ISSUANCE
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
==================== Be careful of one day monkey or tiger show
On behalf of the Board of Directors of Dolphin, Mercury Securities Sdn Bhd wishes to announce that Asia Poly Food and Beverage Sdn Bhd, a wholly-owned subsidiary of Dolphin, had on 24 February 2022 entered into a conditional sale of shares agreement with Dato' Yeo Boon Leong, Yeo Boon Thai, Yeo Boon Ho and Yeo Soon Bee for the proposed acquisition of the entire equity interest in High Reserve F&B Sdn Bhd for the purchase consideration of RM36 million to be satisfied via the issuance of 282,874,617 ordinary shares in Dolphin at an issue price of RM0.0654 each and RM17.5 million in cash ("Proposed Acquisition").
This announcement is dated 24 February 2022. ==================
On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities has, vide its letter dated 25 May 2022 (which was received on 26 May 2022), approved the listing of and quotation for up to 282,874,617 Dolphin Shares to be issued pursuant to the Proposed Acquisition, subject to the following conditions:
This announcement is dated 26 May 2022. ===================
DOLPHIN INTERNATIONAL BERHAD ("DIB" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 335,669,500 NEW ORDINARY SHARES IN DIB ("PRIVATE PLACEMENT")
On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 28 March 2022, resolved to grant DIB an extension of time until 29 September 2022 to complete the implementation of the Private Placement.
This announcement is dated 29 March 2022.
===================== Be prepared for more shares issuance for asset acquisition (282,874,617 shares) and private placement (335,669,500 shares) Upon completion of above share issuance, NOSH will exceed 1.6 BILLION shares
Types of corporate proposal Acquisitions Acquisition of the entire equity interest in High Reserve F&B Sdn Bhd No. of shares issued under this corporate proposal 282,874,617 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0654 Latest issued share capital after the above corporate proposal in the following Units 1,337,883,048 Listing Date 22 Jul 2022
============ Another massive share issuance for asset acquisition Massive dilution to shareholders equity % and EPS
NOSH = 1,337,883,048 increased by more than 25% !!! WB = 183,150,003
============ Company keep losing money Losses for 7 years in a row Directors continue to receive remuneration and payment
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Acquisition of the entire equity interest in High Reserve F&B Sdn Bhd No. of shares issued under this corporate proposal 282,874,617 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0654
================== Acquisition of asset from director MR YEO BOON HO and DATO' YEO BOON LEONG (director of Asia Poly Holdings and Tawin Holdings) and ....
======================= Name MR YEO BOON HO 1 19/07/2022 56,574,923 Acquired Direct Interest Consideration (if any) 0.065 Consideration shares received in relation to the disposal of equity interest in High Reserve F&B Sdn. Bhd. to the subsidiary of the Company Direct (units) 56,674,923 Direct (%) 4.236 Date of notice 22/07/2022
================== Name DATO' YEO BOON LEONG Date interest acquired 19 Jul 2022 No of securities 141,437,309 Consideration shares received in relation to the disposal of equity interest in High Reserve F&B Sdn. Bhd. to the subsidiary of the Company Direct (units) 141,437,309 Direct (%) 10.572 Date of notice 22 Jul 2022
============== Congrats to MR YEO BOON HO and DATO' YEO BOON LEONG of the disposal deal
================= Particulars of substantial Securities Holder Name DATO' YEO BOON LEONG 1 22 Jul 2022 6,089,995 Disposed Direct Interest Disposal of shares via Direct Business Transaction
MNC is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 29 August 2022.
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
List of penny stocks with shares consolidation :-
2022 in progress - MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR
DOLPHIN is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
============= DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY") (I) PROPOSED CAPITAL REDUCTION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
============= (i) proposed reduction of Dolphin’s issued share capital pursuant to Section 117 of the Act; (ii) proposed consolidation of every 10 existing Dolphin Shares into 1 Consolidated Share (iii) proposed renounceable rights issue of up to 253,505,508 Rights Shares together with up to 152,103,304 free detachable Warrants-C on the basis of 5 Rights Shares together with 3 Warrants-C for every 3 Consolidated Shares held on an Entitlement Date to be determined later.
============== Retailers holding at high price will likely incur huge losses, and will find it hard to recover the losses even after many years if directors unable to generate huge business profit
============== NOSH = 1,337,883,048 WB = 183,150,003 Multi year loss making company
================= Particulars of substantial Securities Holder Name DATO' YEO BOON LEONG 1 22 Jul 2022 6,089,995 Disposed Direct Interest Disposal of shares via Direct Business Transaction
Hi, im having a question here, (After a share consolidation, a current shareholder holds fewer shares, but each share is proportionately worth more. As a result, share consolidations do not change the aggregate value of what shareholders own or the overall market capitalization of the corporation.)
does it means this counter will be more worth after all?
Check price movement of other stocks that had undergone share consolidation to understand how investors incur huge losses even after share consolidation. Good luck.
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show Multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
(i) proposed reduction of Dolphin’s issued share capital pursuant to Section 117 of the Act; (ii) proposed consolidation of every 10 existing Dolphin Shares into 1 Consolidated Share (iii) proposed renounceable rights issue of up to 253,505,508 Rights Shares together with up to 152,103,304 free detachable Warrants-C on the basis of 5 Rights Shares together with 3 Warrants-C for every 3 Consolidated Shares held on an Entitlement Date to be determined later.
On behalf of the Board, Mercury Securities wishes to announce that the application in relation to the Proposed Share Consolidation and Proposed Rights Issue has been submitted to Bursa Securities on 9 February 2023.
=============== One step closer to trimming of shareholders equity One step closer for directors to collect fund from rights issue subscription by shareholders who are trapped
=============== Refer to penny stocks that had undergone similar exercise for reference.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BetterTomorrow
1,210 posts
Posted by BetterTomorrow > 2021-11-04 17:35 | Report Abuse
Sell please