Be careful not to be caught holding stock or warrant at high price due to the high NOSH Not easy for operator to support the high price unless directors are able to generate consistent profits from business operations
Share price trading below rights issue price of 0.065 Operators and friendly parties might continue to dispose their massive rights shares together with their warrants to recoup their fund used in the rights subscription
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of substantial Securities Holder Name CITA REALITI SDN BHD Direct (units) 203,350,004 Direct (%) 8.685 Date of notice 22 May 2023
=============== Disposal of shares via open market 1 12 May 2023 12,500,000 Disposed Direct Interest 1 10 May 2023 26,500,000 Disposed Direct Interest 1 28 Apr 2023 4,150,000 Disposed Direct Interest 1 25 Apr 2023 29,403,000 Disposed Direct Interest 1 19 Apr 2023 17,550,000 Disposed Direct Interest
=============== Notice of Interest Sub. S-hldr (Section 137 of CA 2016) Date interest acquired 17 Apr 2023 No of securities 200,000,003 Subscription of right shares and excess rights shares pursuant to Rights Issue with Warrants Direct (units) 266,953,004 Direct (%) 11.4 Date of notice 18 Apr 2023
================ Take note that supporter of rights issue fund raising exercise, continue disposing the rights shares (and free warrants) to retail investors releasing its fund used in rights subscription
FITTERS DIVERSIFIED BERHAD ("FITTERS" OR "THE COMPANY") (I) DISPOSAL OF 12,140,000 ORDINARY SHARES ("CFM SHARES") AND 6,180,000 WARRANTS A ("CFM WARRANTS") OF COMPUTER FORMS (MALAYSIA) BERHAD ("CFM"), ("DISPOSALS"); AND (II) PROPOSED RATIFICATION OF THE DISPOSAL OF 12,140,000 CFM SHARES AND 6,180,000 CFM WARRANTS ("PROPOSED RATIFICATION OF DISPOSALS").
==================== (a) during the period from 21 March 2023 to 22 March 2023, disposal in aggregate 4.54% or 12,140,000 ordinary shares of CFM for an aggregate cash sum of RM7,320,568.43 (before deducting stamp duty and brokerage fees amounting to RM63,462.32) (“Shares Disposal Consideration”) via open markets; and
(b) on 14 March 2023, disposal in aggregate 4.78% or 6,180,000 CFM Warrants for an aggregate cash sum of RM1,230,067.20 (before deducting stamp duty and brokerage fees amounting to RM4,259.23) (“Warrants Disposal Consideration”) via open markets.
Please refer to the attachment for further details.
This announcement is dated 26 June 2023.
================= The Disposals are expected to result in a loss on disposal of RM26,295,549.66 (including stamp duty and brokerage fees) million for the financial year ended 31 March 2023.
================ Directors utilised company fund for stock investment Resulting in massive losses When company fund runs low, expect directors to raise more fund via shares issuance to PP, ESOS or RI again
Notice of Person Ceasing (Section 139 of CA 2016) FITTERS DIVERSIFIED BERHAD
Particulars of Substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD
Name of registered holder Sanichi Technology Berhad Date of cessation 27 Jun 2023 No of securities disposed 156,923,076 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares via open market Date of notice 30 Jun 2023
========== Disposed 156,923,076 shares in open market at low price of 0.045 or lower
Guess whether made profit or lost money Directors used company fund (from fund raising) to invest in other penny stock and mostly lost money Directors might raise fund again via shares issuance to PP or ESOS or RI NOSH might increase further Retailers shareholding equity will be diluted further.
Hamzah Bekas Menteri KDN di belakang CFM Berhad, Mafia Korporat Jacky Pang manipulasi saham, tipu PM & Syarikat gergasi Thailand
Mengapa kongsi gelap, taukeh judi dan mafia korporat di belakang Hamzah dan PN sebelum ini terjawab. Mafia Korporat Dato’ Sri Jacky Pang Chow Huat siap beri 600,000 saham CFM Berhad kepada Hamzah Zainudin. Berapa agaknya Jacky Pang bagi duit kepada Hamzah dan PN?
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,862,402,877 NEW ORDINARY SHARES IN FITTERS DIVERSIFIED BERHAD AT AN ISSUE PRICE OF RM0.065 PER RIGHTS SHARE TOGETHER WITH UP TO 1,241,601,918 FREE DETACHABLE WARRANTS IN THE COMPANY ("WARRANTS") ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 2 FREE WARRANTS FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 17 MARCH 2023
=================== Directors happily collected 1,733,308,505 X 0.065 = RM112,665,052 from the rights issue fund raising exercise
Fast and easy money !!!
==================== Subscribers losing money subscribing the rights shares at 0.065 per share even with free warrants
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....