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
Thanks whistleblower99. There are more penny stocks where directors can issue more shares and this dilute the already very low price. Directors get rich even though the company keep losing money every year while ikan bilis see their paper loss growing bigger until more than 90 precent loss! DON'T BUY THESE STOCKS WHETHER YOU ARE NEWBIES OR NOT. Those who buy for speculation think they can outsmart the insiders but in the end will lose out!
Why this bugger whistlebower99 and his gangs like 8899EL8899 all the way spam this kind of shares consolidation thing in i3 to threathen small investors to sell all the shares to them and i3 Admin didn't take action to blocked their accounts but to blocked people who post encourage & motivate treats ? Why? This is really unfair !
I'm just telling the truth, who spam these kind of threathening spams like whistlebower99 & 8899EL8899 to threathen small investors to sell all the shares to them at hugh losses should be blocked their accounts !!!!!!!!
KLSE should not allow such con game unless the Company guarantees that the RI price should be maintained at 0.085cts for 3 years to protect minority shareholders….
Ex date start with 25-30 cents. Many will though wah,8.5 cents right so very kaya.but in 10-15 trading days then get the right to sell.do the price will substain 8.5 cents above by then 28/9/23 9.09am
Description DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY") I. PROPOSED VARIATION; II. PROPOSED PRIVATE PLACEMENT; III. PROPOSED ESOS; AND IV. PROPOSED CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of Dolphin ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:-
i. a proposed variation to the terms of the sale of shares agreement ("SSA") dated 24 February 2022 (as supplemented by a supplemental SSA dated 15 July 2022) entered into between Asia Poly Food and Beverage Sdn Bhd ("AP F&B"), a wholly-owned subsidiary of Dolphin, with Dato' Yeo Boon Leong, Yeo Boon Thai, Yeo Boon Ho and Yeo Soon Bee (collectively, the "Vendors") for the acquisition of the entire equity interest in High Reserve F&B Sdn Bhd ("High Reserve") for the purchase consideration of RM36.00 million ("Previous Acquisition") by varying the payment terms of the Acquisition ("Proposed Variation");
ii. a private placement of up to 10% of the total number of issued shares of Dolphin ("Dolphin Share(s)" or "Share(s)") (excluding treasury shares, if any) to third party investor(s) to be identified later, at an issue price to be determined later, pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act") ("Proposed Private Placement");
iii. an establishment of an employees' share option scheme ("ESOS") of up to 15% of the total number of issued shares in Dolphin (excluding treasury shares, if any) at any point in time over the duration of the ESOS to eligible persons ("Proposed ESOS"); and
iv. a proposed change of the Company's name from "Dolphin International Berhad" to "Oasis Harvest Corporation Berhad" ("Proposed Change of Name").
Further details of the Proposals are set out in the attachment enclosed.
Dolphin is going to undertake a series of strategic initiatives to mitigate the financial impact of High Reserve Group’s underperformance and improve financial position
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....
whistlebower99
5,260 posts
Posted by whistlebower99 > 2023-01-13 12:21 | Report Abuse
Check price movement of other stocks that had undergone share consolidation to understand how investors incur huge losses even after share consolidation.
Good luck.