MLAB (0085) - MLABS SYSTEMS BHD IPO Prospectus

Go, go, go Mlab, thank you Michael Kwok.

2024-07-16 09:38

JJPTR

Printing of 200million of toilet papers has started. Anyone chasing will be very lucky to hold it till 5c
Non-stop qtrly lossess continue, covid or no covid. The best thing is to delist this company before it suck more retailers hard earned money.

2024-07-16 09:49

zombie321

pump and dump, well done

2024-07-16 09:52

Always buy before the pump and sell before the dump.

2024-07-16 10:10

There's only 72.4 million shares and today's volume already 70.8 million.

2024-07-16 18:24

fl888

95% buying and selling among themselves… 5 % victims..

2024-07-16 22:11

FOR NEWBIES

Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000
30 Oct 2020 12 Nov 2020 Rights Issue (warrant) 6.0000 : 1.000 0.0900
20 Oct 2020 03 Nov 2020 Share Consolidation 1.0000 : 10.0000
28 Jul 2017 09 Aug 2017 Rights Issue (warrant) 2 : 1 0.1500 View
19 Mar 2010 31 Mar 2010 Rights Issue (warrant) 2 : 4 View

Multi year losses

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-berhad

Check P/L and Capital Changes

=====================
NOSH = 289,881,156 after share consolidation in Apr 2024

Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc

Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc

===========
Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc

2024-07-17 08:28

MALU MLAB. ALWAYS PUMP AND DUMP UNTIL EVERYBODY KNOW. NEVER NAIK PROFESSIONALLY BASED ON COMPANY PERFORMANCE.

2024-07-17 10:23

Go, go, go Mlab. Apa malunya Bossku.

2024-07-17 10:49

ianmsg7007

Right hand buy, left hand sell

2024-07-17 19:32

Mlab shares only 72.47 million but someone who isn't a shareholder blowing that Mlab NOSH is 289,881,156.

2024-07-17 21:17

Wait till RI is out. Then different story. Lien hoe companies story

2024-07-17 21:34

RI expected to be undersubscribed which means NOSH will stay low.

2024-07-17 22:03

Financial Year Revenue ('000) Net ('000) EPS DP% Net % Report
30 Jun, 2024 19,416 -8,896 -0.6100 -
30 Jun, 2023 22,455 -7,142 -0.5000 - 45.3%
30 Jun, 2022 20,879 -13,062 -0.9600 - 10.4% View
30 Jun, 2021 83,982 -14,586 -2.8900 - 48.4% View
30 Jun, 2020 8,318 -28,249 -3.9000 - 998.3% View
30 Jun, 2019 3,359 -2,572 -0.3800 - 17.1% View
31 Mar, 2019 4,427 -3,101 -0.4600 - 19.7% View
31 Mar, 2018 2,104 -3,862 -0.5200 - 2,212.6% View
31 Mar, 2017 2,611 -167 -0.0800 - 1,082.4% View
31 Mar, 2016 1,241 17 0.0100 - 103.5% View
31 Dec, 2015 2,161 -482 -0.3000 -
31 Dec, 2014 1,988 -1,030 -0.5800 - 41.1% View
31 Dec, 2013 1,048 -730 -0.4300 - 72.5% View
31 Dec, 2012 1,153 -2,654 -1.5800 - 28.9% View
31 Dec, 2011 1,187 -3,731 -2.4200 - 78.3% View
31 Dec, 2010 1,015 -2,093 -1.4800 - 164.3% View
31 Dec, 2009 2,869 -792 -0.7700 - 86.5% View
31 Dec, 2008 1,408 -5,860 -5.7000 - 31.7% View
31 Dec, 2007 4,955 -8,580 -8.3300 - 670.9% View

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-berhad

================
17 out of 18 years recorded losses
Directors still receiving high salaries from massive fund raising from shareholders via shares issuance to PP, ESOS, RI, etc

Doing monkey business ???

2024-07-18 11:12

Now you see the true color....

2024-07-18 15:41

22.5 NOW AND LATER BECOME 20. BETTER RUN

2024-07-18 15:47

Already sold at 27.5 sen on Tuesday.

2024-07-18 16:15

ianmsg7007

Highest tuesday was 0.34. Conned

2024-07-18 19:01

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS SYSTEMS BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3461334

==============
After recent share consolidation of 20 to 1 in April 2024,
Directors going for easy fund raising via massive shares issuance to RI at high price of 0.16

EX DATE = 2 Jul 2024

Rights issue at 0.16
Amount targeted to raise = 217,410,867 x 0.26 = 34,785,738
that is RM34 million from shareholders !!!

Easy easy money for directors to utilise for what ?

==============
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Multi year annual losses since 2017 !!!

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc

=================
Cronies disposed above 0.30 and letting the price finding its own level
Possible for price to drop below rights issue price of 0.16 ???
Possible for rights issue to be under subscribed ???

Graft buster can join in to watch the show.

2024-07-19 12:33

Habis. Matter of time back to 10 sen below. Then consolidation followed by ri. The process repeats.

2024-07-19 13:01

Where whistleblower appears at those counters giving warning, best not to touch.

2024-07-19 13:51

D former major shares holder is selling it heavily to cash out b4 d new major SH to appear after RI completed soon🙄

2024-07-19 13:52

MLAB FELL BELOW 20 TO 18. THIS CON NEVER GOES UP AFTER.

2024-07-22 14:37

rpklim8888

Sell b4 too late, will drop back to 0.13....f***king con counter

2024-07-22 16:26

HEBAT MLAB. FROM 34 TO 16.5. TOMORROW WILL BE 16 TO 13. EVERYBODY KNOW YOUR TRICK.

2024-07-23 16:51

JejakaDuit

Chill
Tomorrow can fly back
Trust 20cents

2024-07-23 22:03

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Acceptance and Payment 18 Jul 2024 05:00 PM
Excess share application and payment 18 Jul 2024 05:00 PM

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Jul 2024

Available/Listing Date 01 Aug 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3456960

Multi year losses. Almost 20 years !!!
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

================
Wait for Thursday 25/7/24 for the release of subscription result.
Over or under subscribed ???

NOSH if RI fully subscribed = 289,881,156
New warrant = 86,964,346

==============
Can the price be maintained above rights issue price of 0.16 ?

2024-07-24 11:32

16 RI PRICE. LETS GO DOWN FURTHER.

2024-07-24 15:27

rpklim8888

Hopeless counter,they just pump up the price above 0.20sen last week for investors to subscribe the RI, otherwise confirm nobody wants to subscribe,,, huhuhuhu

2024-07-24 19:17

rpklim8888

Those who subscribed 0.16 for RI,,,now get trapped,0.155 today,, tomorrow may be go lower

2024-07-24 19:19

WHY MLAB DIDN'T ANNOUNCED THE NOS OF RI SUBSCRIBED? ALREADY MORE THAN 1 WEEK.

2024-07-24 21:00

LOOKS LIKE 800,000 RETAILERS NOT SUBSCRIBING THE RIGHTS. ALMOST 90% SUBSCIBERS ARE THEIR OWN PEOPLE. LOOKS LIKE THEY WILL KEEP THE PRICE BELOW 16 SO THAT NOBODY SELLING. THEY WILL SELL AT 16 TO GET THE RIGHT ISSUES CASH OUT.

2024-07-25 18:45

217 MIL TOTAL RIGHTS EQUIVALENT TO RM34.8MIL FUNDS CASHING OUT FROM MLAB TO THEIR POCKET. MAKING MONEY SO EASY FOR MLAB USING SHARES AND RIGHTS.

87MIL WARRANTS IF LETS SAY IS 5C, THAT WILL B RM4.35MIL MASUK POCKET TO MLAB BANK ACCOUNT.

SO GOOD OH MAKING MONEY MLAB.

2024-07-25 18:50

THEY WILL ANNOUNCE CANGE OF COMPANY NAME. LETS SEE. TRICK MORE PEOPLE COMING IN TO BUY. CONLAB FROM MLAB?

2024-07-25 18:53

NEXT GET THEIR QUALIFED ASSCOUNTANT TO PLAY WITH ACCOUNTING DRESSING TO ANNOUNCE MORE LOSSES...SO SMART

2024-07-25 18:56

As anticipated, it is highly under subscribed again like previous RI excercise

2024-07-26 08:04

FOR NEWBIES

The details of valid acceptances and excess applications received as at the Closing Date are as follows:

.....................................No. of Rights Shares.....% of total Rights Shares available for subscription
Total valid acceptances....................................92,627,498........42.61
Total valid excess applications.........................123,971,319........57.02
Total valid acceptances and excess applications..........216,598,817.......99.63
Total Rights Shares available for subscription............217,410,867...........100.00
Under-subscription................................................(812,050).................(0.37)

The successful applicants for the Rights Shares will be issued with Warrants on the basis of 2 Warrants for every 5 Rights Shares subscribed for.

The Rights Shares with Warrants are expected to be listed and quoted on the ACE Market of Bursa Securities on 1 August 2024.

This announcement is dated 25 July 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3467419

============
19 out of 20 years of annual losses
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Fund raised from massive rights issue = 216,598,817 x 0.16 = RM34,665,810 !!!
Easy easy money for directors to utilise for what ?

==============
Retail investors getting smarter not to contribute hard earned money to directors fund raising exercise
But fund raising still considered a success (99.63%) as it is likely supported by cronies penny stocks

Wait for announcement on Changes in Shareholdings to know the cronies penny stocks out there like Fintec, Focus, Joe, Permaju, AT, LKL, Bcmall, mmag, and many more

===============
Upon listing operators likely to play price of free warrant for cronies to dispose to retailers, punters, newbies,etc

2024-07-26 11:51

FOR NEWBIES

Fund raised from massive rights issue = 216,598,817 x 0.16 = RM34,665,810 !!!

19 out of 20 years of annual losses
https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

==================
Continue to monitor
quarterly results
directors plan for utilisation of company funds
directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc

2024-07-26 11:53

FOR NEWBIES

Take note :-

The Rights Shares with Warrants are expected to be listed and quoted on the ACE Market of Bursa Securities on 1 August 2024.

NOSH = 289,069,106 (estimated based on number of rights share subscribed)

Warrant D = 86,639,526 (estimated based on 2 warrants for 5 rights subscribed)
Expiry date = 3 years from date of listing on 1 Aug 2024
Exercise price of WD = 0.16 per warrant

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3456912

===========
Be careful trading the warrants of loss making stocks, many of which will end up worthless approaching expiry date when share price is below exercise price

2024-07-30 11:16

Entry of new substantial shareholder Miss Tang Ah Mooi, also known as Cindy Kate.

2024-08-01 18:10

Sounded familiar, is she one of d golden finger grp?

2024-08-02 07:07

Syndicate has no more supporting here liao, mostly had ran away saying goodbye & dier mission of "acting cum pretending" duties has completed.....!

2024-08-02 07:13

Who is Tang Ah Mooi ?
Somebody's mother lah.

2024-08-02 10:14

Bought back at 11 sen today.

2024-08-02 17:58

There's bloodbath everywhere but strangely not here.

2024-08-05 23:16

Bloodbath started earlier when it hit a high of 0.34 on 16/7/24
After 3 weeks, it is now trading at 0.11

Rights issue of 3 for 1
Retailers pay 0.16 for the rights shares !!!

Consider yourself lucky if you are not caught off guard by the con operator

=============
Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

2024-08-07 12:46

We make our own luck.

2024-08-07 21:33