@JJPTR: "FxxxTEC" cash now very low.
look out for possible Right issue ?
before that 20:1 to make it 20c, than right issue @15c?

03/02/2022 3:58 PM

BLee: Hi bro @JJPTR, not mistaken, "FxxxTEC" just sold off "yy system" of 50,000,000 ordinary shares in open market and subsequent to the cessation date, "DEF - FxxxTEC" had disposed an additional 150,551,800 ordinary shares in open market within the period from 28 December 2021 to 12 January 2022. No buying recently but selling, how can it be cash low? Also raising so much "kon cash" with PP and ESOS, should be cash rich..
Happy trading and TradeAtYourOwnRisk

@sg999, thanks for comment. A happy and prosperous cny2022 Tiger year to you and all i3investor reader. Opening bids for KGroup at LU price of around 30sen by investor(s) noticed for the last few weeks, so much confidence? Any condolidate will result in increase NTA proportionally, so no issue..Happy trading and TradeAtYourOwnRisk

Hi Bro @Musang King, I mean stop on this particular topic only as if continued will seems like a long argument..I am quite interested how to gain by subscribing excess shares, just like what Fintec done. Only I don't have the right connection to get so much excess.. TQ

@alan123: I will school you here based on the thing you posted here.
1) What you mean liquidate AT-WC with huge profit and no announcement in Bursa. Please check properly in Bursa website. the selling price is only 0.0350 and I don't even know how the hell you can come out with the selling price 0.170. Please check below announcement in Bursa.

BLee: This statement was answered earlier, thanks again for the schooling part.
Doubt No.1: Is disposing of free warrants for RM17,499,022.05 considered a huge profit?

@alan123: (c) On 11 June 2020, 12 June 2020, 15 June 2020, 18 June 2020, 19 June 2020, 23 June 2020, 24 June 2020 and 25 June 2020 disposed in aggregate 321,600,000 Warrants C of AT Systematization Berhad (“ATS”) for an aggregate sum of RM17,499,022.05 (“Disposal Proceeds”) in cash to the open market (hereinafter referred to as the “Disposal”).
(Collectively referred to as the “Transactions”).

BLee: Thanks for the timeline for Asiabio disposing of the "Subscription of rights shares and excess rights shares- 421,600,000" free warrants AT-WC. Assume the "RI of 421,600,000" paid for at 421,600,000×0.035= RM14,756,000; the disposal of RM17,499,022-RM14,756,000 will get a net gain of cash RM2,743,022.
Doubt No.2: How is this "excess RI" being offered compared to 69,888,833 shares before RI? So much under subscribe or gentle agreement? Dilution for minority shareholders?

@alan123: 2) Your calculation on no. of free AT-WC warrant allocate to FINTEC from RI of AT is totally wrong for every 4 RI subscribe free 3 warrants. I don't even know how you can come out this number 210,799,999 AT-WC.
The actual warrant allocate to FINTEC is 421,600,000 / 4 * 3 = 321,600,000

BLee: As explained earlier on the correction for "Subscription of rights shares and excess rights shares- 421,600,000", the formula is for every 2 shares held will allocate "4 RI subscribe free 3 warrants" without realizing the huge excess Rights; reverse calculation. Please note the wording "Subscription of rights shares" meaning total shareholding after RI assume to be 421,600,000+69,888,833= 491,488,833.
Doubt No.3:The original 69,888,833 was sold after RI on 19.05.2020 at what price?; with losses or gain?

@alan123: 3) Initial FINTEC investment in AT is 69,888,833 which is before the AT RI. Go and dig how much FINTEC have invested in those shares. Does FINTEC still making profit now?

BLee: As in Doubt No.3, "Does FINTEC still making profit now?", your guess as good as mine?(Doubt No.4?)

I apologized to those not interested to read my long posting/clarification/defending..I will stop here.
Happy trading and TradeAtYourOwnRisk

@alan123: @BLee, I don't know what are you talking about. Profit realized from warrant you take into consideration but you close the eyes on the paper loss it is sitting with the mother share. I really don't know what investment method you using. This is as good as making accounting fraud to bluff ppl telling ppl company making profit without considering the paper loss it is sitting.

BLee: Hi @alan123, there are a lot of posts trying to depress Fintec share price so that 'newbies will cut-loss'. A lot of this posting 'ignore' the free warrants are part of the share exercises. I am NOT supporting free warrants, Private Placement, ESOS and/or SIS. I have written few articles to defence my investment, no other motive except

1.Balancing views that is "报喜不报忧 or 报忧不报喜 meaning report the good news ignoring the bad news or vice versa..since a lot being highlighted on the cons ('kons'), I would like to balance the discussion highlighting more on the pros." written in link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-12-15-story-h1595602760-Fintec_The_two_sides_of_a_coin.jsp

2. Sharing the risk involved as in one of my articles "@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…"
Written in link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-10-28-story-h1592921506-Fintec_I_am_speechless.jsp

3. Sharing of info as in one of my articles.
"Please see link for table on paper loss for few q-o-q..
Link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-12-26-story-h1596407088-Fintec_Few_good_questions_for_clarification.jsp
Table No.1: Summary of stocks trading from March to December 2021
-The trends vs market conditions?
-Cost is almost the same as book value and market value after Focus D price fall, paper gain/loss back to holding cost. NOT 50-60sen as speculated.
-This tabulation can roughly predict next QR profit/loss?"

I disagree 'This is as good as making accounting fraud to bluff ppl telling ppl company making profit without considering the paper loss it is sitting' from the paper gain/loss data tabulated.

Happy trading and TradeAtYourOwnRisk

@alan123: Helo @Blee, before you even post I think you should get your data right. Even your calculation of AT-WC warrant is wrong.
From what I can see. you using assumption to blind the fact and keep telling a beautiful story of FINTEC.
If you cannot get the facts right, it is best you don't post anything misleading.

I will school you here based on the thing you posted here.
1) What you mean liquidate AT-WC with huge profit and no announcement in Bursa. Please check properly in Bursa website. the selling price is only 0.0350 and I don't even know how the hell you can come out with the selling price 0.170. Please check below announcement in Bursa.
(c) On 11 June 2020, 12 June 2020, 15 June 2020, 18 June 2020, 19 June 2020, 23 June 2020, 24 June 2020 and 25 June 2020 disposed in aggregate 321,600,000 Warrants C of AT Systematization Berhad (“ATS”) for an aggregate sum of RM17,499,022.05 (“Disposal Proceeds”) in cash to the open market (hereinafter referred to as the “Disposal”).
(Collectively referred to as the “Transactions”)

BLee: Hi @alan123, thanks for being a 'teacher' for a second. I did not post 'no' as I post 'disposal of warrants usually not reported' as you have ignored the word 'usually' and I also post 'personal info'.

I think you missed my correction on my latest post. There is a "sea of data"' in all those announcements. I definitely have missed some announcements as I only started to invest in Fintec at the price of 2sen and also Fintec-PA during the revision of conversion from 16sen to 11sen. Assumption is for the 'reader' to ponder and to correct; again thanks for the sharing of data; not on purpose to mislead.

The 0.17sen is the 52 weeks high price as at that time I do not have info on selling timeline and used 50%; my 'guesstimate' of RM18 mil vs the actual of RM17.499 mil is quite right. The average selling price of 17,499,022.05÷321,600,000= 0.054, and not 0.035.

I will answer some of your postings on the announcement if I am not too busy as it also contains some doubts. The link surfed from google: https://www.klsescreener.com/v2/announcements/view/3193033

Happy trading and TradeAtYourOwnRisk

Hi @Musang King and @alan123, more info and correction in my earlier post for ATS RI around May 2020 issuance as shown in Link below:
https://www.klsescreener.com/v2/announcements/view/3164449

Details:
3) Subscription of rights shares and excess rights shares- 421,600,000
4) Disposal of shares in open market - 69,888,833

Assumption: Asiabio only owns 69,888,833 ATS shares and not as per my assumption earlier. The cost of 421,600,000 likely as per RI price of RM0.035 PER RIGHTS SHARE.

As item 4), the 421,600,000 excluding holdings of ATS shares before RI. It seems this is the modus operandi of Fintec group i.e. subscribe shares with free warrants, sell off everything after the issuance..

Happy trading and TradeAtYourOwnRisk

Hi Bro @Musang King and @alan123, disposal of warrants usually not reported. I have assume the followings:

Asiabio Capital Sdn. Bhd. hold 421,600,000 ATS shares as reported in ATS AR2021

RENOUNCEABLE RI..AT SYSTEMATIZATION BERHAD (''ATS''..) RM0.035 PER RIGHTS SHARE.. FREE DETACHABLE WARRANTS IN ATS (''WARRANTS C'') ON THE BASIS OF 4 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS C FOR EVERY 2 EXISTING ORDINARY SHARES..

As at date of ATS AR2021, Asiabio Capital NOT listed in the top 30 major shareholders of AT-WC indicating already liquidated with huge profit..?

The math:
Before RI, Asiabio Capital own 421,600,000÷6×2= 140,533,333 ATS shares which entitle to free warrants of 140,533,333÷2×3= 210,799,999 AT-WC
Assume this free warrants sold of at 52w high equivalent of 210,799,999x0.17= RM35,835,999.83

If assume sold at 50%, could easily gain RM18mil..

Did Fintec make a loss investment? It is just a "guesstimate", quite true that Asiabio Capital had sold of RI free warrants of many counters. One example:
"Article B11 - Status of corporate proposals
a) On 2 December 2020, Asiabio Capital Sdn. Bhd. (“ABC”), a wholly-owned subsidiary of Fintec, has subscribed in aggregate 25.05% or 512,099,792 ICPS with 768,149,688 free detachable Warrants D of Focus Dynamics Group Berhad("the free detachable Warrants") for an aggregate sum of RM28.16 million in cash via the Rights Issue of ICPS with Warrants of Focus at an issue price of RM0.055 per ICPS. On 21 December 2020, ABC had disposed the free detachable Warrants for an aggregate sum of RM26.74 million in cash through open market.

Just sharing personal info; "NOT a buy, hold or sell" recommendation.

Happy trading and TradeAtYourOwnRisk

@Citadel123:
Posted by swimwithsharkss > Dec 6, 2021 9:31 AM | Report Abuse

Thanks @BLee and @sting79 for the rational comments. I always find it funny that these people had nothing to do but come at AGES daily like its their job. Anyhow AGES is rebounding although market is terrible, good sign, if you ask me.

OOI, where are you, come out promote please
20/01/2022 9:27 AM

BLee: Hi @Citadel123, as my earlier posting of "During ICULS proposal, I have already made comments in one of my articles:
"Caution 2: Due to the AGES ICPS/ICULS close gap and issuing size, the risk of investing could be quite high. Please seek expert advice."
Link: https://klse.i3investor.com/blogs/BLee_AGES/2021-03-08-story-h1542067522-AGES_ICULS_The_30_Billion_of_1sen_bargain.jsp", let me highlight two more points of known facts..
1.The loan taken by previous management needs to be repaid by raising cash by ALL shareholders, major or minority inclusive.
Link: https://www.klsescreener.com/v2/announcements/view/3330305 . Whoever buys after this announcement or earlier should not buy blindly.

2. Reduction of NOSH by consolidation will not dilute the worth of the shares, unlike capital reduction. Let me repost my respond to this issue I have posted in "[FOCUS]: FOCUS DYNAMICS GROUP BHD

Jan 17, 2022 10:56 AM | Report Abuse

@Forumer: Consolidation keeps the company from getting delisted. Consolidation will result in attractive price that may attract institutional investors. Consolidation makes their book-keeping easier.
Consolidation is operationally cost saving.
The drawback of consolidation is..it sends a signal to investors that the company is struggling..hence, they start panic selling causing the price to drop.
17/01/2022 7:42 AM

BLee: @Forumer, very good observation. Maybe some 'newbie' got mixed up with capital reduction vs consolidation, both likely will see reduction in NOSH. The only differences are capital reduction will see NTA reduced proportionally and consolidation is the opposite.

Two half truth posting:
1.Be careful trading penny stocks that has huge NOSH (multi BILLION shares) Trade wisely, set realistic target. 13/01/2022 9:50 AM
2.Trade wisely, set realistic target, avoid being caught at high prices. 13/01/2022 10:55 AM

Question for pondering?

On item 1., what to be careful of and what realistic target when prices have fallen from around 70sen to 4sen? You can see most growth stocks and blue chip stocks having similar billion NOSH, not an issue.

On item 2., is 4sen at a high price? Prices already stay at this level for a very long time and are potentially moving up...

Happy Trading and TradeAtYourOwnRisk"
I apologised for this long posting and acting as "broken record".

@WE IN:
 "BLee: Hi @Citadel123, I have not disappear, now busy averaging down my investment at KGroup, Focus D and Fintec as the prices are lower than AGES as of today. I will cost averaging again (twice already) AGES stocks when the price is right."

DANGEROUS ACT !!!

19/01/2022 4:25 PM

BLee: Hi @WE IN, "钱财身外物" (Money is not an inherent part of the human being), cannot be "DANGEROUS ACT !!!".
I have seen market at worst then now and recovered..and of course some counters never recover. It is just the risk we take, just hoping we get the right one.
Happy trading and TradeAtYourOwnRisk

@Citadel123:
 Posted by swimwithsharkss > Dec 6, 2021 9:31 AM | Report Abuse

Thanks @BLee and @sting79 for the rational comments. I always find it funny that these people had nothing to do but come at AGES daily like its their job. Anyhow AGES is rebounding although market is terrible, good sign, if you ask me.

LAST TIME 0.06 also same story haha, now all these people disappear.

BLee: Hi @Citadel123, I have not disappear, now busy averaging down my investment at KGroup, Focus D and Fintec as the prices are lower than AGES as of today. I will cost averaging again (twice already) AGES stocks when the price is right.

During ICULS proposal, I have already made comments in one of my articles:
"Caution 2: Due to the AGES ICPS/ICULS close gap and issuing size, the risk of investing could be quite high. Please seek expert advise."
Link:  https://klse.i3investor.com/blogs/BLee_AGES/2021-03-08-story-h1542067522-AGES_ICULS_The_30_Billion_of_1sen_bargain.jsp

After cancellation of ICULS and replaced with PP (around 10% discount), now the price is below the 10% discounted price. It is always 'good' to buy below the PP/ESOS/RI prices??

Happy Trading and TradeAtYourOwnRisk.

@Amabillionaire: Consolidation keeps the company from getting delisted. Consolidation will result in attractive price that may attract institutional investors. Consolidation makes their book-keeping easier.
Consolidation is operationally cost saving.
The drawback of consolidation is..it sends a signal to investors that the company is struggling..hence, they start panic selling causing the price to drop.
17/01/2022 7:42 AM

BLee: @Amabillionaire, very good observation. Maybe some 'newbie' got mixed up with capital reduction vs consolidation, both likely will see reduction in NOSH. The only differences are capital reduction will see NTA reduced proportionally and consolidation is the opposite.

Two half truth posting:
1.Be careful trading penny stocks that has huge NOSH (multi BILLION shares) Trade wisely, set realistic target. 13/01/2022 9:50 AM
2.Trade wisely, set realistic target, avoid being caught at high prices. 13/01/2022 10:55 AM

Question for pondering?

On item 1., what to be careful of and what realistic target when prices have fallen from around 70sen to 4sen? You can see most growth stocks and blue chip stocks having similar billion NOSH, not an issue.

On item 2., is 4sen at a high price? Prices already stay at this level for a very long time and are potentially moving up...

Happy Trading and TradeAtYourOwnRisk

@Ding HL Allan: Preference Shares maturing price is set at 11 sen. So if taking pref shares together, their maturity price must also be adjusted to RM1.10 a share if Fintec goes for 1:10 consolidation. Do you think consolidation is still possible?

11/01/2022 10:24 AM

BLee: Hi @Ding HL Allan, I agreed with you that unlikely Fintec will go for consolidation as reduce NOSH will not have any beneficial effects for any future fundraising..??

On conversion/maturity of ICPS, it is not so straigth forward as just multiply by the consolidation ratio as preference shares are just like "prepaid", Fintec-PA carrying a value of 8sen and needs another 3sen to convert to 1 mother share. Upon maturity, 11 Fintec-PA will auto convert to 8 mother shares. Any changes by any exercises, below link show a very complicated formula for the adjustment..

https://klse.i3investor.com/blogs/BLee_AGES/2021-07-16-story-h1568014371-ICPS_My_investment_stretagy.jsp

Happy trading and TradeAtYourOwnRisk

Back to basic, just today as at now at 100% gain from 1sen to 2sen. What will be today closing with so much volume? Interesting to watch. Not a buy, hold or sell recommendation, Trade At Your Own Risk..

@sunsetbiz, you are correct. The worth of Fintec is mainly from unlimited PP

@whistlebower99:
 FOR NEWBIES

Two penny stocks currently on shares consolidation list

1. KANGER INTERNATIONAL BERHAD
2. METRONIC GLOBAL BERHAD

BLee: Hi @whistlebower99, I think you posted in the wrong forum as both companies have nothing related to Fintec to my knowledge..

- Fintec did not announce any share consolidation. Anyway, share consolidation will not dilute any NTA as reduce in NOSH will increase in NTA proportionally..no issue.

- Fintec and some invested counters such as NETX at present on an uptrend and on the growth path; don't see the reason for consolidation..
Fintec price 52W low of 0.5sen vs this morning trading (top volume) of around 1.5sen, around 200% increase.
NETX price 52W low of 7sen vs this morning trading of around 15.5sen, around 121% increase.

Happy trading and TradeAtYourOwnRisk

Correction/updating: Komark price 52W low of 8sen vs this morning trading around 16.5sen, around 100% increase.
Happy Trading and TradeAtYourOwnRisk

@whistlebower99:
 FOR NEWBIES

Two penny stocks currently on shares consolidation list

1. KANGER INTERNATIONAL BERHAD
2. METRONIC GLOBAL BERHAD

BLee: Hi @whistlebower99, I think you posted in the wrong forum as both companies have nothing related to KGroup to my knowledge..

- KGroup did not announce any share consolidation. Anyway, share consolidation will not dilute NTA as reduction in NOSH will increase in NTA proportionally..no issue.

- KGroup and some invested counters such as Komark at present on an uptrend and on the growth path; don't see the reason for consolidation..
KGroup price 52W low of 1sen vs this morning trading of around 2sen, around 100% increase.
Komark price 52W low of 8sen vs this morning trading of around 13sen, around 62.5% increase.

Happy trading and TradeAtYourOwnRisk

Naik2 Turun2, naik2 lebih dari turun2, baru omph..

Harap2 ada harapan naik lagi pasal ada harapan..

@richman: selling 1.5 like no tomorrow unless syndicate buy to goreng kaw kaw

05/01/2022 11:06 AM

BLee: Hi @richman, qty of selling and buying always match. As of now, buying queue at 1.5sen still above 50%, meaning more willing buyer than seller..that's how I see it. Today KGroup trades quite erratic as buying and selling traded in big waves, interesting to see how the next few days trade.

TradeAtYourOwnRisk, no BUY, HOLD or SELL recommendation.

@Citadel12: hahaha so many naïve water fish

05/01/2022 11:04 AM

BLee: Hi @Citadel12, naïve or otherwise, just got extra $ to gamble/invest. Nowadays, 1sen on the floor also nobody pick up, better use to buy 'toilet paper', anytime can turn into 1 roll. See how the toilet rolls flew out the shelf during starting of pandemic?? Just joking to lighten up our day..calculated risk?
Happy trading and TradeAtYourOwnRisk

KGroup finally moved out of 1.5sen standing firmly at 2sen. So Today is KGroup turn to bounce up. 2022 will be medical and 5G/cloud storage play?? KGroup in both with Komark and TREEMED SDN BHD in medical, and XOX/XOXNET in 5G/cloud storage..
Happy trading and TradeAtYourOwnRisk

Hi stockraider, now everything go hybrid, day time power generation stored by very efficient battery system..for night time use.

Leave politics aside, ESG is for Now and our future generation.

In theory, energy input equals output plus losses. If the optimum is already 9500 BTU/kWH, it will only get worse with equipment aging due to efficiency losses. More pollution will be created with less efficient equipment.

Taking the Taxi as an example, 1 month might not see aging of the Taxi and congestion on the road. What happens after 5, 10 or 25 years later? It will get worse, action shall be taken as soon as possible. Go Green as soon as possible.

JAKS made the right move to go into green energy, instead of relying on coal power plants. Whoever follows Glasgow COP26 will know how green energy will be produced at a lower cost and more efficient in the near future compared with coal power plants. Many countries have already taken the decision of not building new coal power plants, retiring or converting existing coal power plants to other energy feedstock..

Happy trading.

KGroup invested counters Komark and XOXNET started bouncing up, KGroup turn soon??
Happy trading and TradeAtYourOwnRisk

Latest announcement of KGroup investment in KOMARK:

"The Board of Directors of KAG wishes to announce that the Company had from the period between 12 August 2021 to 31 December 2021 acquired from the open market an additional 75,504,900 ordinary shares of Komarkcorp Berhad (“KOMARK”), representing 13.08% of the total issued and paid up share capital of KOMARK, for a total purchase consideration of approximately
RM8,281,060 (“Investment”)."

Average cost for the period:
RM8281060 ÷ 75504900 = RM0.1096757958

Presume Overall 12 months average cost:
RM17836564 ÷ 103105700 = RM0.1729929965

Question: Keep accumulation and cost averaging, is this a sign of 'goreng'/speculate?

"10. INTEREST OF THE DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS
CONNECTED WITH THEM
Save as disclosed below, none of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect, in the Investment :
(a) Common directorships of Mr Roy Ho Yew Kee in KAG and KOMARK, and his
shareholdings of 224,900,000 ordinary shares (7.34%) in KAG and 1,000,000 ordinary shares (0.17%) in KOMARK"

Question: Will the major Shareholder and Director holding 7.34% benefit if the price falls to 0.5sen?

Source: https://www.klsescreener.com/v2/announcements/view/3484283

Happy trading and TradeAtYourRisk

@whistlebower99: Mitsubishi UFJ Financial Group, Inc ("MUFG") is deemed interested in the shares of Focus Dynamics Group Berhad held by Morgan Stanley Group by virtue of MUFG's holding more than 20% interest in shares of Morgan Stanley Group.

Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 355,805,838
Indirect/deemed interest (%) 5.584
Date of notice 30 Dec 2021

=================================
Can't find the announcement showing name of nominee account with morgan stanley, which actually did the transaction

Used to be CREDIT SUISSE GROUP AG, now using another big name to lure newcomers into the game ?

================================
Operators getting smarter to use big name to lure newcomers into the game?

No announcement showing the name of nominee account which actually did the transaction

Same happens to FOCUS, LAMBO and MTOUCHE

TAYOR

BLee: Hi @whistlebower99, I also can't figure out 'kon' or 'no kon'? I only can deduce the total accumulation are under nominees account crossing the 5% announcement requirement. Will it hold for long term investment as in Fintec case or speculation? It is still shown as positive price confidence on the upside..
Happy trading and TradeAtYourOwnRisk

Did Focus D require PP and ESOS to raise fund as Focus D still eligible as per latest mandate for 2022?

Below are details of funds raised during and ICPS conversion.

ICPS proposal link:
https://www.klsescreener.com/v2/announcements/view/3272383

$ raised during ICPS issuance:2,044,266,042 x 0.055 = RM112,434,632.31

$ raised during "windfall" ICPS conversion:
RM63,342,353

Total ICPS conversion as at 24 May 2021: RM131,662,996

My assume calculation link:
https://klse.i3investor.com/blogs/BLee_AGES/2021-07-03-story-h1567802175-Focus_PA_Where_is_the_money.jsp

Total $ raised as at 24 May 2021:
RM 244,097,628.31

Just my $data for sharing, Happy Trading and TradeAtYourOwnRisk

@whistlebower99: They can't do 20% but can still continue to do 10% to Private Placement

Is that not right ?

They can still issue shares to ESOS.

Is that not right ?

BLee: If without mandate, I presume needs Shareholders approval in AGM/EGM for any proposal which can take months for approval. Like KNM case, the trend of online voting which more shareholders can join, any unjust proposal can be defeated. Just my 2sen for discussion...
Note: Can see very high volume of trading for some counters KGroup invested in, something brewing?

Happy trading and TradeAtYourOwnRisk.

@whistlebower99: Directors continue to utilize company to invest /speculate on other penny stock
Will there be more fund raising activities via shares issuance?

BLee: Hi @whistlebower99, due to new regulation of any counters which did PP fundraising in 2020 and 2021, will NOT be eligible to do any more fundraising in 2022.

Link: https://www.thestar.com.my/business/business-news/2021/12/23/bursa-extends-validity-period-of-20-general-mandate-to-dec-31-2022

"The 20% general mandate previously announced on April 16, 2020 will be extended for another 12 months for listed issuers that have not raised any funds using the 20% Mandate in 2020 or 2021."
i.e. only counters not raised any funds are eligible. Since KGroup did raise funds through PP, it is no longer eligible..

Happy trading and TradeAtYourOwnRisk

@JKPTR: 2021 is a painful year for victims of FINTEC related companies.
2022 will be worse as more shares ,billions will be printed,based on BURSA announcement.

Next 12 months, FINTEC may print at small production cost , of up to 6 billions new shares.

BLee: Hi @JKPTR, maybe you have missed reading the following "listed issuers that have not raised any funds using the 20% Mandate in 2020 or 2021", meaning NOT qualified and CANNOT raise funds for the whole 2022 if raised earlier. So no more "kon" for 1 full year, that is the other half truth.
Link: https://www.thestar.com.my/business/business-news/2021/12/23/bursa-extends-validity-period-of-20-general-mandate-to-dec-31-2022

Happy trading and TradeAtYourOwnRisk

@stockraider: A classic case of kon holland penny stocks cover buy fintec spy 2511, be very careful of this konmen loh!

BLee: Hi @stockraider, hope you have a fruitful trading week ahead. The coming week might be a turn around for most of this 'kon' stock as 2022 will be a new ball games as exercises of PP and ESOS might not be that easy to be approved and limit to 10% of NOSH.

For the 2 sides of a coin, although I only indirectly hold all the below mentioned counters through my holding of Fintec, Focus D and KGroup; very much like to add the sweetener of warrants data to @whistlebower99 effort on preparing the list.

Posted by whistlebower99 > Dec 23, 2021 3:59 PM | Report Abuse

FOR NEWBIES

SOME PENNY STOCKS THAT HAD RIGHTS ISSUE IN 2021

1. FAST
Ex-Date 17 Nov 2021
RI price = 12
Current price = 8.5
Warrant ratio = 1:1, 2 for 1
Warrant equal price = 2×(1÷2)= 1
Total = 8.5 + 1 = 9.5

2. PERMAJU
Ex-Date 03 Nov 2021
RI price = 7
Current price = 4
Warrant ratio = NA
Warrant equal price = NA
Total = NA

3. PDZ
Ex-Date 30 Sep 2021
RI price = 14
Current price = 4
Warrant ratio = 1:1, 6 for 2
Warrant equal price = 1.5×(2÷6)= 0.5
Total = 4 + 0.5= 4.5

4. TWL (TIGER)
Ex-Date 08 Sep 2021
RI price = 4
Current price = 5
Warrant ratio = 1:1, 3 for 3
Warrant equal price = 1.5
Total = 5+1.5= 6.5

5. KANGER
Ex-Date 27 Aug 2021
RI price = 6
Current price = 2
Warrant ratio = 1:1, 1 for 1
Warrant equal price = 0.5
Total = 2+0.5= 2.5

6. LAMBO
Ex-Date 11 Aug 2021
RI price = 10
Current price = 5
Warrant ratio = 1:1, 5 for 2
Warrant equal price = 2x(2÷5)= 0.8
Total =5+0.8= 5.8

7. BCM
Ex-Date 23 Jul 2021
RI price = 8
Current price = 2.5
Warrant ratio = 1:1, 4 for 5
Warrant equal price = 1×(5÷4)= 1.25
Total =2.5+1.25=3.75

8. AEM
Ex-Date 19 Jul 2021
RI price = 5
Current price = 3
Warrant ratio = 1:1, 4 for 3
Warrant equal price = 1x(3÷4)= 0.75
Total = 3+0.75= 3.75

9. Pasukgb
Ex-Date 21 Jun 2021
RI price = 10
Current price = 2
Warrant ratio = 1:1, 12 for 7
Warrant equal price = 1x(7÷12)= 0.583
Total = 2+0.583= 2.583

10. SAUDEE
Ex-Date 20 May 2021
RI price = 15
Current price = 5.5
Warrant ratio = 1:1, 2 for 1
Warrant equal price = 2×(1÷2)= 1
Total = 5.5+1= 6.5

Note: In the list, only TWL is in the positive region. Please correct me on the warrant calculation if I make a mistake, especially for newbies information.

Happy Trading and TradeAtYourOwnRisk

@alan123: From 3 cents to 2 cents and now 1 cent still you call for buy. Your hope analysis seems more powerful than FA & TA.

1) you only think it can't go further down because it is already 0.010 and the lowest it can go is 0.005. from 0.010 to 0.005, do you know your losses is 50%? seems this kind of losses is ok with you.
2) if consolidation were to happen, how many stocks you see going north rather than going south?
3) Out of 5.7bllion shares, did you even check how many top 30 shareholder is holding? Is it easy to push up?
4) How many share the BOD is holding? Why so little? No confident or purely for goreng?
5) 1 year since last year for you to notice how BOD only interested to goreng share instead of doing genuine business, yet you still get blinded and think the company got good business?
6) the BOD sell KOMARK, SAUDEE & VSOLAR when the price low instead of KOMARK at 40 cents post bonus issue, SAUDEE at RM 1, VSOLAR at 4 cents. When price up don't want to sell but after don't support, then sell? BOD so panlai do business. Go and check what price FINTEC invest in all 3 companies and how much losses it book after selling all 3.
7) Keep moping FOCUS share at 50 - 60 cents plus and now 4 - 5 cents didn't continue buy. So clever the BOD. Cheap don't buy but expensive buy. Why don't sell it around 50 - 60 cents and buy back now? Is BOD supporting the price for someone to off load and after offload don't support the price and let it free fall to current price? Sitting at how much paper loss for FOCUS?
8) Keep issuing PP, SIS even the price at 1 - 1.5 cents. If the BOD really take care of the company, at current low price with high cash in hand, why still want to issue more shares to get cash? is it to the good of the company or got other agenda?
9) Go into glove business when already so many company into this business. BOD no idea what business to go to or don't care and simply come out with a business to please shareholder. Now glove already on down trend but fintec glove factory not even ready.
10) getting pasukhas and now get AEM multi to build factory. Why not get an establish company to build but get related company which don't have experience in building glove factory at all? both company is 2 - 3 cents company.
11) MOU with ROBAYU CORPORATION SP. Z O.O. for selling glove. go and google this company what business it do? is it a shell company with no business but can got contract to sell glove? sell to who?
12) Why buy SEACERA when the company is under PN17 and under multiple litigation? What so special in SEACERA that no one know but BOD so panlai think is a gem?
13) Have you check all subsidiary under FINTEC how many share holder holding > 5% aside from FINTEC itself? how many BOD holding majority share in it.

BLee: Hi @alan123, hope you have a very good trading day. Very good question from you which I am aware of all this while. I have written an article, link: https://klse.i3investor.com/blogs/BLee_Fintec/2021-12-15-story-h1595602760-Fintec_The_two_sides_of_a_coin.jsp
might be able to answer some of your questions.

I will give a chance for our bro @Musang King to give his version of response. Since all your questions are very elaborate, if I find the time, I might write an article with proper reference for sharing purposes only. TQ
Happy trading and TradeAtYourOwnRisk

@whistlebower99: XOX BHD ("XOX" OR "THE COMPANY")
- EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE PRIVATE PLACEMENT EXERCISE
- Cash rich company fund waiting to be utilized.
Yet directors continue to raise more fund by issuing new shares to ESOS and private placement

TAYOR
15/12/2021 12:00 AM

BLee: Hi @whistlebower, hope you have a fruitful trading day. For information, I don't own any XOX shares, only invested in KGroup which is majority shareholders of XOX, indirectly would like to discuss more information on the announcement.

To quote "The Proposed Extension of Time is to provide additional time for the Group to utilise the balance proceed relating the rebranding exercise to reposition the XOX brand into a Fintech solution and telecommunication provider as the said exercise has been delayed due to COVID-19 pandemic" proving the PP exercise CANNOT be used for investing in others Penny counters or NOT for other purpose as regulated. This is the 'half-truth' being untold, highlighting otherwise all over in others forums..

My main purpose of discussion is to protect my investment in KGroup, no other ulterior motive.

Happy trading and TradeAtYourOwnRisk

@M55555: Problem is this Fintec issue share (ESOS) lower and lower . Share price move with the ESOS price . If they issue ESOS at 0.07 or 0.08 regardless the share price movement ,then current 0.01 to 0.005 price will not happen . Top 4 gloves buy back share and give Dividend.

13/12/2021 10:14 AM

BLee: Hi @M55555, you are absolutely correct, each ESOS/PP issuance get 10% discount and so many tranches. Which companies have zero borrowing? ALL Fintec cash coffer by 0% interest fund raising..but great NTA dilution as ESOS/PP don't involve shareholders.
Pros: interest free cash and no repayment
Cons ('kons'): Market price down and increase in NOSH

Short term speculators/shareholders will suffer. Due to market price down, those with cash can enter at low price, but don't know how low is low. My entry at 2sen already at 25 to 50% loss, just down by one or two ticks..easily recover if market hopefully improve.

Happy trading and TradeAtYourOwnRisk.

@Potato88: My average price is 0.05 so almost lose all. Price now so low so I rather wait for rebound rather then sell it. Price too low..I am not willing to sell it..worse let the stock delist and I lose all. I want to bet big and bought at 0.01...
10/12/2021 5:57 PM

BLee: Hi @Potato88, hope a very good trading week ahead for you. Is the price of 0.05 already after 0.01 cost averaging? IMHO, you will never lose if you invest in strong NTA counters with spare $..

@whistlebower99: FINTEC investment game in NETX

Penny stocks speculating/investing in other penny stocks, a trend taken by many low-price loss making penny stocks companies

=================

Trade wisely, set realistic target

Monitor financial results, share issuance exercises, company investment in quoted securities
08/12/2021 12:05 PM

BLee: Hi @whistlebower, hope you also have a fruitful trading week ahead of you. A very fair 'warning' on Trade wisely.
From another angle, likewise, I would have cost average if the counter price had fallen so much compared with NTA..Value investing.

Example of recent Penny stocks value investing with good NTA:
Fintec at 1sen vs NTA of 8.72sen
NETX at 13.5sen vs NTA of 18sen
Seacera at 19sen vs NTA of 1170sen
Saudee at 6sen vs NTA of 17.46sen
GOcean at 2.5sen vs NTA of 6.33sen

The 'half-truth' on consolidation shall consider this value investing..Ratio won't diminish.

Another 'half-truth', money used in share market purchasing just supporting share price, won't be part of companies cash flow and can't use to buy other counter. ESOS, PP and others fund raising can only be used for specific purpose only, ALL regulated. How logical is the 'kon' theory?

Happy trading and TradeAtYourOwnRisk

@Dr Y.Raj: I've held from 0.1 until 0.01. I keep averaging down thinking this company will be worth something. But these directors are assholes. It's ok. I'll just average down again. Let's see what these buggers have in bag. I'm pretty sure it's going to be a 50 to 1 consolidation and then the start of new PP once 2022 starts....
10/12/2021 9:38 AM

BLee: Hi @Dr Y.Raj, hope you have a very good trading day. I think you did the right move of cost averaging, especially for those who have holding power. In bear markets, ALL stocks seem to be 'kon' stocks.

A very balanced view on PP for info.
Link: https://www.thestar.com.my/business/business-news/2021/04/10/private-placement-frenzy

Consolidation is NOT a problem as it only involves shareholders and no dilution involved. Companies that plan to issue PP have no advantage to reduce NOSH as PP issuance based on % of NOSH, will get less funding. This is the untruth portion of the half-truth. PP for 2022 will be reduced back to 10% of NOSH, I hope..

I am speechless on the ESOS, too many times!!

Happy Trading

@pineapple123: You so free and becoming Saint here kah, Mr? LOL

BLee: I am no Saint, just on-off WFH, therefore 'I am replying for the purpose of defencing my investment from Half Truth discussion', making surfing i3 my new 'hobby'.

I am speechless on the new ESOS of around 1sen...No wonder yesterday and today near closing trading around 1sen. Strategy or kon? Your guess is as good as mine, raising cash to subscribe for ESOS and 5 days VWAP for price fixing? The 'Truth of the half-truth portion..
Happy trading

@JKPTR: The Edge has wriiten a 2rd article about HIDDEN HANDS BEHIND PENNY STOCKS on Apr 2021
earlier article was in 2020

https://www.klsescreener.com/v2/news/view/818927/special-report-hidden

09/12/2021 2:52 PM

BLee: Hi @JKPTR, hope a very good trading to you. The first article, Fintec did not (assumed as no reply seen) get query from Bursa. On the 21st Apr. 2021 article, Fintec replied to Bursa queries and picked up by TheEdge, published on the 23rd Apr. 2021.

I have posted earlier, don't mind re-post for easy reference although I seldom do repeat..


"BLee: Hi Bro @stockraider, this article dated 21 Apr. 2021 superseded by a later article dated 23 Apr. 2021.

"On TheEdge report, the replied by Fintec is repeated in TheEdge without dispute..
Link: https://www.theedgemarkets.com/article/fintec-we-are-not-business-shuffling-assets

Please do NOT post incomplete old news, NOT giving chance on clarification by Fintec/ TheEdge. Half Truth!!
Happy Trading and TradeAtYourOwnRisk

08/12/2021 12:43 AM"

I am replying for the purpose of defencing my investment from Half Truth discussion. My investment in Fintec at one fifth of NTA, can't lose much..Please do NOT make the same mistake (project in Perak but talk in China) posted in Ageson forum, will lose credibility.

Happy Trading and TradeAtYourOwnRisk" TQ

Mid-day 2:30pm Fintec trading report:

@stockraider: Run b4 too late loh!

Do not lose your shirt mah!

If u get kon....nothing is maximum low...until it is zero mah!

09/12/2021 11:24 AM

BLee: Hi Bro @stockraider, many thanks for singing down Fintec to 1sen for me to buy more. Mid-day report still up 50% as per now and 70% increase to 74% buying..my paper gain soon. TQ
Happy Trading and TradeAtYourOwnRisk.

09/12/2021 11:36 AM

Note: Do NOT get half-truth old news, read the latest replied by Fintec and reported without dispute by TheEdge..go to Bursa/klseScreener website for update. TQ

@stockraider: Run b4 too late loh!

Do not lose your shirt mah!

If u get kon....nothing is maximum low...until it is zero mah!

09/12/2021 11:24 AM

BLee: Hi Bro @stockraider, many thanks for singing down Fintec to 1sen for me to buy more. Today up 50% as per now and 70% buying..my paper gain soon. TQ
Happy Trading and TradeAtYourOwnRisk.

@KLLee_0110: I think already maximum low who know the counter will goes to 0.01.

08/12/2021 12:12 PM

BLee: I also think 4sen is the lowest, today reached 3.5sen.
Got people "投井下石" meaning already fall into well drowning, still add stone. If this somebody own Focus D, will he/she "投井下石"? If collect low by asking newbie to sell, how to revive after "drowning"? Time will tell.
Happy trading and TradeAtYourOwnRisk

@Lucifer999: very tough for penny stock

08/12/2021 12:00 PM

BLee: Hi @Lucifer999, agreed not only for penny stock, even blue chip Banking counters also did not do well in stock prices. No one knows when will recover. I believed F&B and IT stocks will recover faster due to supply and demand.

Happy trading.

Correction: Not in Ageson forum, at my article, link:
 https://klse.i3investor.com/blogs/BLee_AGESON/2021-12-04-story-h1594797436-AGESON_How_is_it_related_to_Fintec_Group.jsp

Posted by BLee > Dec 6, 2021 8:37 PM | Report Abuse 

@stockraider: Blee, Ageson is a construction co & not tech co mah!

Its has big project is in china loh!

But think lah!

How can it be efficient & fight the chinese leh ?

Some more got lockdown cannot enter china mah!

Likely be kon CO....very fishy company mah!

Avoid lah,,,!

High risk loh!
06/12/2021 12:40 PM

BLee: Hi Bro @stockraider, you got it ALL wrong, the project is in Perak. Please check your facts before posting. So much courage, garbage in garbage out.

Correction: Not in Ageson forum, at my article, link:
 https://klse.i3investor.com/blogs/BLee_AGESON/2021-12-04-story-h1594797436-AGESON_How_is_it_related_to_Fintec_Group.jsp

Posted by BLee > Dec 6, 2021 8:37 PM | Report Abuse 

@stockraider: Blee, Ageson is a construction co & not tech co mah!

Its has big project is in china loh!

But think lah!

How can it be efficient & fight the chinese leh ?

Some more got lockdown cannot enter china mah!

Likely be kon CO....very fishy company mah!

Avoid lah,,,!

High risk loh!
06/12/2021 12:40 PM

BLee: Hi Bro @stockraider, you got it ALL wrong, the project is in Perak. Please check your facts before posting. So much courage, garbage in garbage out.

@stockraider: Take this opportunity to sell lah!

Posted by whistlebower99 > Dec 7, 2021 3:58 PM | Report Abuse

FOR NEWBIES

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
GREEN OCEAN CORPORATION BERHAD

Particulars of substantial Securities Holder
Name FOCUS DYNAMICS GROUP BERHAD

BLee: Hi Bro @stockraider, what's wrong buying low for cost averaging? This is the opposite of statement of "kon group informer" as attached below:

@alex: Most of this companies not focus on their core business but only issue pp/esos/RI/consol and use investor's fund to buy others penny stocks at much higher price than market then dump the shares price to super low.

BLee: Buy high also wrong, pumping shares, kon..
Buy low also wrong, kon investment..
Sell high also wrong, dumping shares, kon...
Sell low also wrong, driving price down, kon
So much contradiction, no needs to trade is ALL correct..

I am replying for the purpose of defencing my investment from Half Truth discussion. My investment in Focus D-PA at 1sen which subscribers paid at 5.5sen during RI, can't lose much..Please do NOT make the same mistake (project in Perak but talk in China) posted in Ageson forum, will lose credibility.

Happy trading and TradeAtYourOwnRisk

@stockraider: Warning!

Just avoid these kon stocks loh!

https://www.klsescreener.com/v2/news/view/818927/special-report-hidden...

08/12/2021 10:52 AM

BLee: Hi Bro @stockraider, this article dated 21 Apr. 2021 superseded by a later article dated 23 Apr. 2021.

"On TheEdge report, the replied by Fintec is repeated in TheEdge without dispute..
Link: https://www.theedgemarkets.com/article/fintec-we-are-not-business-shuffling-assets

Please do NOT post incomplete old news, NOT giving chance on clarification by Fintec/ TheEdge. Half Truth!!
Happy Trading and TradeAtYourOwnRisk

08/12/2021 12:43 AM"

I am replying for the purpose of defencing my investment from Half Truth discussion. My investment in Fintec at one fifth of NTA, can't lose much..Please do NOT make the same mistake (project in Perak but talk in China) posted in Ageson forum, will lose credibility.

Happy Trading and TradeAtYourOwnRisk

@alex: Most of this companies not focus on their core business but only issue pp/esos/RI/consol and use investor's fund to buy others penny stocks at much higher price than market then dump the shares price to super low.

BLee: Hi @alex, the first part of PP and ESOS is quite true which I am speechless. The second part of dumping after buying high at super low NOT reported to the regulator as per requirements for major shareholders of minimum 5%.. Inaccurate statement and DON'T make sense.
Example: Fintec increase shareholding in Focus D to more than 30%, widely reported after Focus D drop from 70sen to 4sen. Buy high from market will benefit retailers and sell super low will benefit long term investors??

On TheEdge report, the replied by Fintec is repeated in TheEdge without dispute..
Link: https://www.theedgemarkets.com/article/fintec-we-are-not-business-shuffling-assets

Please do NOT post incomplete news, NOT giving chance on clarification by Fintec/ TheEdge. Half Truth!!
Happy Trading and TradeAtYourOwnRisk

@stockraider: Blee,

Ageson is a construction co & not tech co mah!

Its has big project is in china loh!

But think lah!

How can it be efficient & fight the chinese leh ?

Some more got lockdown cannot enter china mah!

Likely be kon CO....very fishy company mah!

Avoid lah,,,!

High risk loh!
06/12/2021 12:40 PM

BLee: Hi Bro @stockraider, you got it ALL wrong, the project is in Perak. Please check your facts before posting. So much courage, garbage in garbage out.

Details:
The Land: 168 acres (“Industrial Land”) which is part of a land measuring approximately 475 acres located at Wilayah Sungai Kelian Baru, Mukim Batang Padang, Daerah Batang Padang, Perak

The cost: RM278.78 million

Purchaser: ZHEJIANG GUORONG DIGITAL ECONOMY GROUP LTD., ("ZGDEG") of China

Sold by: AHSB, an indirect 75%-owned subsidiary of the Company

Link to Agreement for work scope:

https://www.klsescreener.com/v2/announcements/view/3443269

Answered to Bursa Query:

https://www.klsescreener.com/v2/announcements/view/3446173

Ageson is more than a construction company as businesses include trading of construction materials and project development.

Happy Trading