What is happening in Bursa, the SC must be sleeping, company making losses share price up while those making lower profit share price drop. Please do something SC
Acceptance and Payment 14 Mar 2023 05:00 PM Excess share application and payment 14 Mar 2023 05:00 PM
Directors will receive up to 291,480,162 X 0.17 = RM49.55 million !!! Smart fast easy fund raising exercise
=================== Date for announcement of final subscription result and basis of allotment of excess Rights Securities 21 Mar 2023
=================== Available/Listing Date 28 Mar 2023
================= Closing date for rights issue application = 14 March 2023
Next date is 21 Mar 2023 to see final subscription of rights and excess shares
==================== Probably time to watch whether the current price 0.25 will drop below the rights issue price of 0.17 approaching listing date 28 Mar 2023
Details of such valid acceptances and excess applications received are as follows:
.................. No. of Rights Shares........... % of total issue
Total valid acceptances 119,115,567____40.87 Total valid excess applications. 171,781,635_____58.93 Total valid acceptances and excess applications 290,897,202_____99.80 Total Rights Shares available for subscription 291,480,162_____100.00 Not subscribed for 582,960____0.20
Successful applicants of the Rights Shares will be given Warrants on the basis of 2 Warrants for every 3 Rights Shares successfully subscribed for. =========== Similar subscription trend as BSLCORP Under subscribed by retail shareholders Excess applicants could be penny stocks companies that are friendly to LKL directors, to support the fund raising exercise.
Lack of retail investors participation. Operators likely to do right hand left hand transactions to attract attention of punters, fomo, newbies to get into the game. Operators, proxies, penny stock companies that subscribed for the rights and excess shares will be willing to dispose at 17sen or slightly lower as they have free warrants to guarantee profits
Price might be close to or lower than rights issue price of 17sen when approaching listing date 28 March 2023.
================= Listing date for BSLCORP rights shares was 15 March 2023 Rights issue price 0.055 Price plunged from 0.135 to 0.06 before listing date
FOR LKL, Price might be supported by operators, proxies and friendly rights subscribers for them to release above or around rights issue price of 0.17 if more punters, retailers and newbies join in the game.
Announced EX Date Subject Ratio Offer 10 Feb 2023 24 Feb 2023 Rights Issue (warrant) 3.0000 : 1.0000 0.1700 29 Sep 2022 13 Oct 2022 Share Consolidation 1.0000 : 10.0000
==================== After share consolidation and rights issue, Current NOSH = 388,640,216 very lean and light
Probably directors will announce more MOUs to create excitement Easy for operators to fry up to release their rights shares to market punters and newbies
Expect directors to raise more fund in near future, via share issuance to PP, ESOS or for asset acquisitions to increase the NOSH to BILLION shares again =================== TAYOR
Next important date is 28 March 2023, listing of rights issue shares
Winner are directors of LKL conveniently raising about RN49.5 million from rights issue fund raising exercise. Much easier than generating profits from business operations.
Other potential winner are Operators and supporters of fund raising exercise who have lots of subscribed shares to sell to market to reap huge profit based on rights issue price of 0.17 compared to current market price of 0.255.
The Board had fixed the Exercise Price at RM0.17 per Warrant after taking into consideration, amongst others, the TEAP of the Shares.
The Exercise Price represents a discount of approximately 15.00% to the TEAP of RM0.20 per Share, calculated based on the 5-day VWAP of LKL Shares up to and including the LTD of RM0.3498 per Share and the Issue Price of RM0.17 per Rights Share.
will like cfm going down down the value of LkL is 0.03 cents start goreng to 0.55 cents now going down hill all the ways sama formula like CFM. Target is 0.035 cents.
i) LKL’s 193,931,375 Warrants issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of Bursa Securities and the listing and quotation of the Warrants on the ACE Market will be granted with effect from 9.00 a.m., Tuesday, 28 March 2023.
The Stock Short Name, Stock Number and ISIN Code of the Warrants are "LKL-WA", "0182WA" and "MYQ0182WA634”.
ii) LKL’s 290,897,202 new Shares issued pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 28 March 2023.
========= Rights issue price 0.17 Current share price 0.14 (12.30pm 27 March 2023) below rights issue price Listing date 28 March 2023 Watch operator at play!!! How much will the warrant be pushed up for major subscribers to dispose?
FOR NEWBIES Directors of LKL conveniently and successful raised about RN49.5 million from rights issue fund raising exercise. Much faster and easier than generating profits from business operations.
No real need to support the share price at the moment. Wait for next fund raising exercise via share issuance to PP and ESOS. Maybe can see another price movement to ensure success of fund raising and profits for PP and ESOS subscribers.
Notice of Interest Sub. S-hldr (Section 137 of CA 2016) LKL INTERNATIONAL BERHAD Particulars of Substantial Securities Holder Name BIOALPHA HOLDINGS BERHAD Name of registered holder Botanical Distribution Sdn. Bhd. Date interest acquired & no of securities acquired Date interest acquired 28 Mar 2023 No of securities 47,010,000 Subscription of rights shares by Botanical Distribution Sdn. Bhd. pursuant to the Rights Issue with Warrants Total no of securities after change Indirect/deemed interest (units) 47,010,000 Indirect/deemed interest (%) 12.114 Date of notice 31 Mar 2023
========== Penny stock invest in penny stock, helping penny stock to raise fund via shares issuance.
(I) SHARE CONSOLIDATION; (II) DIVERSIFICATION; (III) RIGHTS ISSUE WITH WARRANTS; AND (IV) SIS
On behalf of the Board, TA Securities wishes to announce that the effective date for the implementation of the SIS is 6 April 2023, being the date on which the Company is in full compliance with all relevant requirements including Rule 6.44(1) of the Listing Requirements.
==================== Directors set to issue more shares to ESOS soon and maybe PP in near future Directors set to collect more money from shares issuance ESOS subscribers and selected PP investors set to get to buy at special issue price to make profits
Long term retail shareholders and investors have to wait for directors to generate more profits from business operations for share price to appreciate, for a chance to make some small profits
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....
Shines
2,174 posts
Posted by Shines > 2023-02-25 08:25 | Report Abuse
After the RI closed, surely the price will drop to below or at the RI price of 17 sen