TECHNA-X BERHAD
KLSE (MYR): TECHNAX (2739)
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Last Price
0.01
Today's Change
-0.005 (33.33%)
Day's Change
0.01 - 0.01
Trading Volume
1,240,000
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
0.01
Avg Target Price
0.24
Upside/Downside
+0.23 (2300.00%)Price Call
0
SELL
0
HOLD
0
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
10 people like this. Showing 50 of 24,630 comments
FOR NEWBIES
VSOLAR is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 9 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
List of penny stocks with shares consolidation :-
2023 in progress - VSOLAR, DOLPHIN, TECHNAX
2023 completed = MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
====================
TAYOR, don't be caught in share consolidation exercise
2023-05-12 12:23
FOR NEWBIES
TECHNA-X BERHAD ("TXB" OR "COMPANY")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED DEBT SETTLEMENT;
(III) PROPOSED SHARE CONSOLIDATION; AND
(IV) PROPOSED RIGHTS ISSUE WITH WARRANTS;
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3344464
==================
Take note of on-going multiple proposal
2023-05-17 15:32
TECHNA-X BERHAD ("TXB")
- BURSA MALAYSIA SECURITIES BERHAD'S PRACTICE NOTE 17 ("PN17") RELIEF MEASURES RESULTING IN TXB TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER
Reference is made to TXB’s announcement made on 1 June 2023 bearing reference number GA1-31052023-00061, the Board of Directors of TXB wishes to clarify that TXB has re-assessed its PN17 condition based on the latest quarterly report on consolidated results for the financial period ended 31 March 2023 as announced on 30 May 2023, the shareholders’ equity has increased from RM35.16 million as at 30 September 2021 to RM42.36 million as at 31 March 2023, which is more than 25% of the share capital of TXB and more than RM40.0 million.
As such, TXB no longer triggers any of the PN17 Suspended Criteria and any of the criteria in relation to the financial condition of a listed issuer as set out in Paragraph 2.1 of the PN17.
This announcement is dated 2 June 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3359665
2023-06-06 11:39
FOR NEWBIES
(i) proposed reduction of TXB’s share capital pursuant to Section 116 of the Companies Act 2016 (“Act”) (“Proposed Capital Reduction”);
(ii) proposed settlement of an aggregate amount of RM33,834,500 debt owing to creditors by the Company (“Settlement Amount”) via the issuance of 2,487,830,882 new ordinary shares in TXB (“TXB Share(s)” or “Share(s)”) (“Settlement Share(s)”) (“Proposed Debt Settlement”);
(iii) proposed consolidation of every 20 existing Shares into 1 ordinary share of TXB (“Consolidated Share(s)”) held by the entitled shareholders on an entitlement date to be determined and announced later (“Consolidated Shares Entitlement Date”) (“Proposed Share Consolidation”); and
(iv) proposed renounceable rights issue of up to 251,587,641 new ordinary shares in TXB (“Rights Share(s)”) on the basis of 1 Rights Share for every 1 Consolidated Share held (“Rights Shares Entitlement Basis”), together with up to 251,587,641 free detachable warrants in TXB (“Warrant(s)”) on the basis of 1 Warrant for every 1 Rights Share subscribed for by the entitled shareholders (“Warrants Entitlement Basis”) of the Company on an entitlement date to be determined and announced later (“Entitlement Date”) (“Entitled Shareholder(s)”) (“Proposed Rights Issue with Warrants”).
Further details of the Proposals are set out in the attachment.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3344464
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3351584
=================
Take note Multiple Proposal still in effect
2023-06-06 11:41
consolidation of every 20 existing Shares into 1 ordinary share of TXB
not likely above 0.01 on ex-date
2023-06-06 13:43
Aiyo purposely PUSH up into the ToP Vol list to lure gambling ghost aunties/uncles to buy then TRAPPP them to try to pick their pockets for RI LOL
2023-06-06 19:17
FOR NEWBIES
DGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 26 June 2023.
===================
Be careful if holding high NOSH low price penny stocks for long term
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
List of penny stocks with shares consolidation :-
2023 in progress - DGB, MMAG, DOLPHIN, TECHNAX, ICON
2023 completed = VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
2023-06-27 16:11
FOR NEWBIES
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED DEBT SETTLEMENT;
(III) PROPOSED SHARE CONSOLIDATION; AND
(IV) PROPOSED RIGHTS ISSUE WITH WARRANTS;
On behalf of the Board, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 14 December 2023 resolved to approved the following:
(i) Listing and quotation of 2,487,830,882 new TXB shares to be issued pursuant to the Proposed Debt Settlement;
(ii) Proposed Share Consolidation;
(iii) Listing and quotation of up to 251,587,641 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;
(iv) Admission to the Official List and listing and quotation of up to 251,587,641 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants; and
(v) Listing and quotation of up to 251,587,641 new TXB shares to be issued arising from the exercise of the Warrants.
This announcement is dated 14 December 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3408230
==============
Current NOSH = 2,214,714,736
Be aware of massive shares issuance for debt settlement, push NOSH to over 4.5 BILLION shares causing massive dilution of retailer shareholding equity
Followed by shares consolidation to drastically reduce retailer shareholding
And followed by massive shares issuance via rights issue needing retailer shareholders to fork out more money to subscribe
Very very messy exercise for retailer shareholders
2023-12-28 12:24
FOR NEWBIES
VIZIONE is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 6 March 2024.
===================
Be careful if holding high NOSH low price penny stocks for long term
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
List of penny stocks with shares consolidation :-
2024 in progress - VIZIONE, FINTEC, KGROUP, MLAB, TECHNAX
2024 completed - AEM, AT,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........
1 month ago
What happened to JACKKIN, who promote kuatkuat when it was 20c & all the way down to 6c & didn't sell when it rebounded to 12c briefly?
4 weeks ago
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