Pending announcement of new substantial shareholders which has connections by MQ through 40%PP , MQ should be ramped up like Vortex 40% PP at 6.5cts anytime next week….for BN cronies GE15 election play hopefully..
Date of change 02 Jun 2022 Name DATO' NURULHIDAYAH BINTI AHMAD ZAHID Age 44 Gender Female Nationality Malaysia Designation Vice Chairman Directorate Independent and Non Executive Type of change Appointment
PRIVATE PLACEMENT OF UP TO 357,455,000 NEW ORDINARY SHARES IN MQ TECHNOLOGY BERHAD ("MQ TECH") ("MQ TECH SHARES" OR "SHARES") REPRESENTING APPROXIMATELY 40% OF THE TOTAL NUMBER OF ISSUED SHARES OF MQ TECH ("PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal 357,455,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0360 Latest issued share capital after the above corporate proposal in the following Units 1,251,092,031 Listing Date 01 Jun 2022
==================== Private placement shares @ 0.036 Quick instant profit for lucky selected investors If sold at 0.06, profit > RM 8.5 million !!!!
==================== Dilution of shareholders equity % and EPS NOSH continue to rise to 1,251,092,031 shares
===================== Be prepared for directors to continue fund raising via share issuance to PP, ESOS to boost up company fund
The MOU is not expected to have any material effect on the earnings per share, net assets per share, gearing, issued and paid-up share capital and the substantial shareholders’ shareholdings of MQTech for the financial year ending 30th September 2022.
================= Company keep losing money Multi quarter, multi year loss making penny stock Losses in 11 out of last 12 years Company fund contributed by warrant conversion, shares issuance to PP, ESOS, not from business profit 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
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....