Below are my ideas of sharing with i3 Forumers.

@Forumer1: Fintec main business is issuing RI ESOS PP then Consolidation many many time.

BLee: Yes, issued a lot of ESOS and PP, depressing market price (I repeat, due to around 10% discount and not involving shareholders, it is a certain no no for me). Consolidation doesn't know yet, financially no impact for shareholders…

@Forumer1: Then using these fund to invest on others stock to push high the price.
Sell later at huge loss price. Magician changing money becomes no money.
Very smart la
26/10/2021 2:35 PM

BLee: So far Fintec is very prudence in investing and cost averaging of shares holding in Focus D. The horse has bolted bringing along RM980mil, Fintec added more 'horses' up to more than 30% holding of Focus D. No sign of 'push high the price and sell later at huge lose'. When Fintec made a paper gain of RM720.5mil during 30.9.20QR, everybody seemed happy. The rolling 4Q only made a paper loss of RM170.3mil, everybody seemed to panic?? As reported in the latest AR, Fintec is cash rich of RM109.996mil. See my article at link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-10-story-h1591992307-Fintec_The_pendulum_swing.jsp

Happy trading and TradeAtYourOwnRisk.

26/10/2021 3:23 PM

Exactly 24hours later, Forumer99 post comments as below:-

@Forumer99: FREQUENT FUND RAISING VIA SHARE ISSUANCE TO ESOS OR PP

OFFER OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME ("ESOS")
FINTEC GLOBAL BERHAD

(a) Date of offer : 26 October 2021
(b) Exercise price of options offered : RM0.0175
(c) Number of options offered : 200,000,000
(d) Market price of FINTEC’s shares on the date of the offer : RM0.02 each

This announcement is dated 26 October 2021.
https://www.klsescreener.com/v2/announcements/view/3446067


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ESOS shares will profit at least 14% if sold at min price of 2sen. Quite attractive !!!

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Total issued shares = 5,230,797,474
WA = 170,092,838
WB = 116,443,428
WC= 1,146,126,828

If all warrants are fully converted, total issued shares will 6.5 BILLION shares

CASH Rich with more than 100 mil. But how do shareholders benefit from it when directors chose not to pay dividend?

If company fund runs low and no more viable to issue more shares to raise fund, then there is possibility for directors to propose shares consolidation followed by rights issue with free warrant to get shareholders to pay for the fund raising exercise.

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TAYOR

27/10/2021 3:24 PM

BLee: I am speechless!!

I have made a right prediction of the 4th tranche of PP as stated in "Mission accomplished!! What happens when all the Fintec PP tranches are issued? All the PP finally issued as per announcement today, 27 Sept. 2021. The answer will be the lowering of 5-markets day VWAP no more an issue.". Link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-09-25-story-h1571731611-Fintec_Private_Placement.jsp

It will be 'no more an issue' for PP, never thought it will be an issue for ESOS since '1) Fintec issued ESOS for 21 times. Issued 1,531,452,600 shares valued at RM80,168,603; highest 9.25sen and lowest at 2.5sen; average 5.2sen per share'; never thought it will go for the 22nd issuance.

How many more PP and ESOS to be issued? No more predictions on PP and ESOS from me as I am speechless!!

 I can make an assumption on the warrants conversion; with the present Fintec market price of around 2sen, WA exercise value of 19sen, WB exercise value of 10sen and WC exercise value of 8sen is NOT doable.

Source: Thanks to Forumers mention, i3investor, klsescreener and other internet surfing.

Happy trading and TradeAtYourOwnRisk.

Disclaimer: The above opinion does not represent a buy, hold or sell recommendation; just a personal opinion and for sharing purposes only. Any offences and errors are unintentional; my apology in advance