================= 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
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.
DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY")
(I) PROPOSED CAPITAL REDUCTION; (II) PROPOSED SHARE CONSOLIDATION; AND (III) PROPOSED RIGHTS ISSUE
On behalf of the Board, Mercury Securities wishes to announce that Dolphin had, through Mercury Securities, submitted an application to Bursa Securities for the withdrawal of its application in relation to the Proposed Share Consolidation and Proposed Rights Issue.
The Board’s decision for the withdrawal was made in order to revisit the structure of the Proposed Rights Issue. An announcement on the revised Proposed Rights Issue will be made in due course.
MMAG is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 18 May 2023
=================== 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
Long term shareholders holding at high prices will incur huge losses from share consolidation
DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY")
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; AND (III) PROPOSED VARIATION
On behalf of the Board, Mercury Securities wishes to to announce that Dolphin proposes to undertake the following:
(i) a revision to the Proposed Rights Issue which now entails the renounceable rights issue of up to 202,804,406 Rights Shares together with up to 152,103,304 free detachable Warrants-C on the basis of 4 Rights Shares together with 3 Warrants-C for every 3 Consolidated Shares held on an Entitlement Date to be determined later (“Proposed Revision”); and
(ii) a variation to the utilisation of proceeds raised from a private placement exercise which was completed on 25 February 2021 (“Proposed Variation”).
Please refer to the attachment for further details on the Proposed Revision and Proposed Variation.
WB= 183,150,003 Maturity 2023-09-28 Strike value 0.0800
=============== Share consolidation getting nearer WB should become garbage even before maturity date
============== Be careful trading or holding high NOSH low price loss making penny stocks, many of which had done share consolidation followed by directors fund raising via rights issue
Long term loyal retail investors and holders incurred huge losses due to share consolidation
DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY")
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; AND (III) PROPOSED VARIATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 12 July 2023, approved the following:
(i) Proposed Share Consolidation comprising the listing of and quotation for up to 152,103,305 Consolidated Shares and up to 18,315,000 Consolidated Warrants-B;
(ii) admission to the Official List and the listing of and quotation for up to 152,103,304 Warrants-C;
(iii) listing of and quotation for up to 202,804,406 Rights Shares;
(iv) listing of and quotation for up to 152,103,304 new Shares to be issued pursuant to the exercise of Warrants-C;
(v) listing of and quotation for up to 6,437,450 additional Consolidated Warrants-B to be issued arising from the Adjustments; and
(vi) listing of and quotation for up to 6,437,450 new Shares to be issued arising from the exercise of the additional Consolidated Warrants-B.
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!
DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY")
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED RIGHTS ISSUE; AND (III) PROPOSED VARIATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 12 July 2023, approved the following:
(i) Proposed Share Consolidation comprising the listing of and quotation for up to 152,103,305 Consolidated Shares and up to 18,315,000 Consolidated Warrants-B;
================== Be reminded shares consolidation and rights issue fund raising is coming very soon !!!
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 !!!!!!!!
Consolidation of every 10 existing ordinary shares in Dolphin International Berhad ("Dolphin") ("Shares") held at 5:00 p.m. on 2 October 2023 into 1 Share ("Consolidated Share") ("Share Consolidation")
================ Take note that your shareholding will be reduced by 10 times on 29 Sep 2023
Long term investors bought at high price will be incurring huge losses
Be careful holding high NOSH loss making penny stock Be careful of company with directors who do frequent fund raising via shares issuance to PP, ESOS or asset acquisition
Consolidation of every 10 existing ordinary shares in Dolphin International Berhad ("Dolphin") ("Shares") held at 5:00 p.m. on 2 October 2023 into 1 Share ("Consolidated Share") ("Share Consolidation") Ex-Date 29 Sep 2023 Entitlement date 02 Oct 2023
================ RENOUNCEABLE RIGHTS ISSUE OF UP TO 202,804,406 NEW ORDINARY SHARES IN DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY") ("SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 152,103,304 FREE DETACHABLE WARRANTS ("WARRANTS-C") AT AN ISSUE PRICE OF RM0.085 PER RIGHTS SHARE, ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 WARRANTS-C FOR EVERY 3 CONSOLIDATED SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 OCTOBER 2023 Ex-Date 04 Oct 2023
Super fast and efficient action by directors to consolidate and raise more fund from investors via rights issue
================== Take note of ex-date for consolidation and followed by rights issue at high price !!!
Investors shareholding will be reduced by 10 times, will incur huge losses Investors have to take out more money to contribute to directors fund raising event
================ Be careful holding high NOSH low making penny stocks
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
Consolidation of every 10 existing ordinary shares in Dolphin International Berhad ("Dolphin") ("Shares") held at 5:00 p.m. on 2 October 2023 into 1 Share ("Consolidated Share") ("Share Consolidation") Ex-Date 29 Sep 2023
============ Consolidation price (10:1) is 0.30 Extremely high
================ RENOUNCEABLE RIGHTS ISSUE OF UP TO 202,804,406 NEW ORDINARY SHARES IN DOLPHIN INTERNATIONAL BERHAD ("DOLPHIN" OR THE "COMPANY") ("SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 152,103,304 FREE DETACHABLE WARRANTS ("WARRANTS-C") AT AN ISSUE PRICE OF RM0.085 PER RIGHTS SHARE, ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 WARRANTS-C FOR EVERY 3 CONSOLIDATED SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 5 OCTOBER 2023
Date for commencement of trading of rights 06 Oct 2023 Date for cessation of trading of rights 13 Oct 2023 Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Oct 2023 Acceptance and Payment 20 Oct 2023 05:00 PM Excess share application and payment 20 Oct 2023 05:00 PM Available/Listing Date 02 Nov 2023
=========== Ex-date for rights issue is 5 Oct 2023 Rights issue price only 0.085 Possible that the share price might drop lower before ex-date for rights issue
PROPOSED RIGHTS ISSUE On behalf of the Board of Directors of Dolphin, Mercury Securities Sdn Bhd wishes to announce that Dolphin proposes to undertake a renounceable rights issue of up to 178,384,776 new ordinary shares in Dolphin ("Shares") ("Rights Shares") together with up to 133,788,582 free detachable warrants of Dolphin ("Warrants-C") at an issue price of RM0.075 per Rights Share on the basis of 4 Rights Shares together with 3 Warrants-C for every 3 Shares held on an entitlement date to be determined later ("Proposed Rights Issue").
Please refer to the enclosed attachment for further details on the Proposed Rights Issue.
========== Take note of amended Rights Issue proposal Old ones not implemented. Get your money. This time rights issue is confirmed. Directors looking forward to collect more money from shareholders via shares issuance to Rights issue
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
4,867 posts
Posted by whistlebower99 > 2022-07-27 17:02 | Report Abuse
FOR NEWBIES
Be aware director and substantial shareholders selling and low prices
Particulars of Director
Name MR YEO BOON HO
1 22/07/2022 21,574,924 Disposed Direct Interest
Consideration (if any) 0.005
2 22/07/2022 1,040,000 Disposed Direct Interest
Consideration (if any) 0.045
3 25/07/2022 203,900 Disposed Direct Interest
Consideration (if any) 0.045
Disposal of shares via Direct Business Transaction and open market
Direct (units) 33,856,099
Direct (%) 2.531
Date of notice 26/07/2022
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3278496
=================
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
Direct (units) 135,347,314
Direct (%) 10.117
Date of notice 26 Jul 2022
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3278497
=================
TAYOR, don't be caught at high price for long period