Something is not quite right if you study the price trend before announcement of rights, ex date , lodgement date, subscrption of rights duration, after acceptance of rights, and a few days before listing of the new rights shares. Bursa should be able to track the price movement.
maybe they push it down and blocking any attempts to raise the prices with aim existing holders throw away their shares... for them to collect this low and lower..
Right issue exercise price 8sen. Today market price lower is 6sen ,losing 2sen. If exercise 100k units losing rm2000 It is trap. Be careful counter komark, it may happen same practice.
Most likely YES... But you should not expect the raise to happen very soon ...No CUTLOSS no matter what.... just to ensure that u are on the safe side... But the major threat to retailers are when if the company starts major share consolidation like 25:1 etc... if consolidation like this happen, entering in the first place was a mistake...
Especially for newbies trading in loss making penny stocks. AVOID THESE CON COUNTERS!!!
List of some penny stocks with huge total share issued or incurring losses in many quarters or with frequent fund raising exercises via rights issue & share issuance to ESOS & Private Placement or had undergone share consolidation exercise and rights issue with free warrants.
This is not an exhaustive list. Feel free to add or amend if there is any error.
As long the shares market still there people will continue to trade, gamble, speculate or whatever one name it, whether they aware, realise or whatever of it till the stock is taken out from trade. Operators who control the stocks can manipulate the situation and in according to regulations set by the authority. People will take the risk to chase when there is money to make.
RI and subsequent price surge then price tank abruptly is really manipulation and cheating. But this company is financially sound and management r keen to grow the company right? No ?
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,220,467,629 NEW ORDINARY SHARES IN BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") ("BCM SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 1,017,056,357 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 5 FREE WARRANTS FOR EVERY 4 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 26 JULY 2021 ("RIGHTS ISSUE WITH WARRANTS")
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Total valid acceptances 620,327,611 66.1 Total valid excess applications 335,623,055 35.7 Total valid acceptances and excess applications 955,950,666 101.8 Total Rights Shares available for subscription 938,821,251 100.0 Over-subscription 17,129,415 1.8
Under subscription by retailers. Supported by excess application from operators, substantial shareholders and directors
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Kindly be advised that the abovementioned Company's additional 938,821,251 new ordinary shares issued pursuant to the aforesaid Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Monday, 30 August 2021.
We are also pleased to advise that BCM’s 782,350,787 Warrants A issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of the Exchange and the listing and quotation of the Warrants A on the ACE Market, will be granted with effect from 9.00 a.m., Monday, 30 August 2021.
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Enlarged total issued share = 1,564,702,090 WA = 782,350,787
If WA fully converted, total issued share exceed 2.3 BILLION !!!
Welcome to BILLION-SHARE penny stock club
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WA = 782,350,787 Issued on 2021-08-25 Maturity 2024-08-24 Tenure = 3 years Exercise Price = RM0.10
With the price of mother shares at 6 sen to 7 sen which is more than 12% to 25% below the subsription price of 8 sen, I think the operators are collecting till they have enough bullets to shot it up like the beautiful fireworks that will seduce even the sceptics and munafik critics to chase to secure its enchanting fraganxe... kihkihkih...!
Referring to wistlebower99…….. The pure but a poor spammer. The witch ghost that said every big NOSH companies will do consolidation exercises. Very Bad People...
whistlebower99. PLEASE DON'T EVER USE YOUR ILL INTENTION INFORMATION ANYMORE TO MISLEAD OTHERS !!!!
Mr. Liaw who earlier has disposed certain amount of the shares prior to listing of the new shares and warrants has resigned as managing director and certain reshuffle in the BOD and committees. Change of stewardship in the company? Any effect on the price movement ?
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....
Bangsabursa
233 posts
Posted by Bangsabursa > 2021-08-26 18:31 | Report Abuse
relax. please bother to do some research on Right Issue exercise.