Yes. FINTEC is not dead but will move up after the 30:1 Share Conso Exercise.
Now FINTEC has only 197,563,422 Consolidated Shares and 7,278,682 Consolidated ICPS on the ACE Market of Bursa Securities with from 9 May 2024.

YES. FINTEC-PA ONCE SOLD, YOU WOULD NOT ABLE TO GET IT BACK AT THE SAME PRICE.
JUST KEEP WHATEVER ICPS YOU HAVE. THEY ARE VERY PRECIOUS AFTER CONSOLIDATION.

CORRECT ME IF I AM WRONG. I GET THESE PERCENTAGES FROM THEIR RESPECTIVE GROUP ANNUAL REPORTS .
1. FOCUS - 30.63%
2. DGB - 7.37%
3. NETX - 20.68% WITH SANSTON OWNING 27.84% & LAZARUS 10.63% SEPARATELY.
4. SEACERA - 25.47% WITH LAZARUS 16.31% SAPERATETLY.

AT LEAST RM1.20 IF THE KLSE IS AT ITS PEAK. MY DREAM ONLY. IS IT POSSIBLE?

Musang King, why did you convert ? For the reason you provided, you should be gaining more and faster because of less shares? - WHEN TO CONVERT IS NOT THE QUESTION. I AM KEEPING FINTEC FOR LONG TERM. CONVERTING NOW NEEDS RM20.00 SERVICE FEE WHEREAS CONVERTING UPON MATURITY IN 2027 IS FREE. AUTO CONVERT.

YES. I HAVE CONVERTED 4,537,500 ICPS TO 3,300,000 FINTEC SHARES BEFORE THE EX-CONSO DATE. THAT'S WHY, I HAVE FULL CONFIDENCE IN ICPS. ONE FINTEC SHARE EQUALS 1.375 ICPS. SO SIMPLE. FINTEC SHARE CLOSED TODAY 25.0 SEN , THEREFORE ICPS SHOULD BE 18.18 SEN TO BE EXACT.

Today again I parked at 13.5 Sen to buy ICPS for the whole Day. I placed a price higher than last closing of 13.0 sen for 2 days. Yet NO Sellers. This proves that There are Very Limited Sellers.

Oh, now Fintec price is only 20 sen. If ICPS moves up ahead of Fintec shares, you will see colours coming in for the Mother shares. ICPS I believe can move up easily because of the limited numbers of ICPS in the market.

YOU ALL CAN SEE. YESTERDAY 223,200 UNITS OF FINTEC-PA WAS DONE AT 13.0 SEN. TODAY, I PLACE TO BUY AT 13.5 SEN, NOBODY WANTS TO SELL TO ME. THE SELLERS ALL SIMPLY DISAPPEARED. THE NEXT SELLER'S PRICE IS 15.0 SEN AND THAT ALSO VERY LITTLE.

IF I REALLY WANT TO PUSH FINTEC UP, IT IS SO VERY EASY. HONESTLY SPEAKING, ALL I NEED TO DO IS I JUST HAVE TO BUY UP ALL FINTEC-PA AT HIGHER PRICES IN ORDER TO GET FINTEC FOLLOW THROUGH. DO YOU ALL KNOW THAT FINTEC-PA TOTAL UNITS IN THE MARKET IS ONLY 7.2 MILLION ONLY AFTER CONSOLIDATION. WITH SUCH A SMALL NUMBER, SYNDICATES WHO WANT TO PUSH FINTEC UP IS SUPER EASY. ALL THEY NEED TO DO IS TO CORNER THE FINTEC-PA TO A SUPER HIGH PRICE. AFTERALL, FINTEC-PA ORIGINAL COST PRICE TODAY ( POST CONSOLIDATION) IS ACTUALLY RM3.30 PER UNIT IN ORDER TO CONVERT TO FINTEC SHARE PER UNIT.

JUST TO TELL YOU ALL. THE WHOLE KLSE IS NOW SO DEPRESSED AND THAT IS WHY YOU CAN STILL GET FINTEC SHARES AT ROCK BOTTOM PRICES. IF OUR KLSE ONE DAY PERFORM BETTER ( YET I AM DREAMING), FINTEC PRICE WILL RE-CORRECT BACK TO NTA PRICE OF RM1.20 AND MORE. THE REASON WHY FINTEC IS SOLID BECAUSE IT HAS NO DEBTS, NOT MUCH INVOLVE IN INDUSTRIAL OR MANUFACTURING ACTIVITIES. FINTEC IS SOLELY INVOLVED IN INVESTMENTS INTO PUBLIC LISTED COMPANIES SUCH AS SEACERA, FOCUS, MLAB, NETX, ETC ETC. IF KLSE RISES, ALL THESE STOCKS WILL RISE AS WELL FOR SURE. THAT'S MY GENERAL OPINION. BUYING NOW AT 20 SEN IS JUST LIKE BUYING AT HALF A SEN DURING THE PRE-CONSOLIDATION RECENTLY.

WHY RM3.30 A SHARE? THAT WAS THE ACTUAL MONEY PAID TO BUY FINTEC-PA IN NOVEMBER 2017 FROM THE FINTEC GROUP EXERCISE.

Announcement Date
30-May-2024
Listing Date
31-May-2024
Conversion of Irredeemable Convertible Preference Shares
No. of shared issued
88,000
Issue Price
Malaysian Ringgit (MYR) 3.300
Total NOSH todate is 197,651,422 only.

WOW, FINTEC ACTUALLY WORTH RM3.30 A SHARE TODAY - ON RECORD DUE TO CONVERSION COST FROM FINTEC-ICPA TO FINTEC SHARE. PLEASE NOTE. THAT'S THE COST OF BUYING A FINTEC SHARE USING THE PREFERENCE SHARES THAT YOU ALL HAVE TODAY.

Announcement Date
30-May-2024
Listing Date
31-May-2024
Conversion of Irredeemable Convertible Preference Shares
No. of shared issued
88,000
Issue Price
Malaysian Ringgit (MYR) 3.300
Total NOSH todate is 197,651,422 only.

WOW, FINTEC ACTUALLY WORTH RM3.30 A SHARE TODAY - ON RECORD DUE TO CONVERSION COST FROM FINTEC-ICPA TO FINTEC SHARE. PLEASE NOTE. THAT'S THE COST OF BUYING A FINTEC SHARE USING THE PREFERENCE SHARES.

Still seeing Forced Selling at 0.185 today, meaning there are still many Speculators and Day Traders cutting losses. How Sad?

Rocket at Ground Zero Launching Pad. Accumulate again at 0.19 today. If Pre-Conso price, it is only 0.006 sen if divide it by 30. Happy Trading everyone. Don't Worry. Eat Curry. Go to BananaBro for Banana Curry Rice. Hahahaaa.

Dr Wee also said it was curious to see the term "refund note" on LHDN's MyInvois e-invoicing portal.

"What is this? We have heard of credit notes and debit notes, but have not found this term anywhere else in accounting.

"Will businesses need to hire experts to find out what this new 'terminology' is all about? Or is this something unique created here?" he asked. I CONCUR 100%. EVERYBODY JUST KEEPING QUIET, LETTING THE LHDN & KASTAM TO DO THE IMPLEMENTATION AND LATER FORCED THE SOFTWARE PROGRAMMERS TO SORT THEM OUT THROUGH TRIALS AND ERRORS. PEOPLE WHO USE THE ACCOPUNTING SOFTWARES ALL BLURRED BLURRED, JUST FOLLOW. SO SAD.

MY OPINION IS OUR PEOPLE FROM MALAYSIAN INSTITUTE OF ACCOUNTANTS ARE JUST SLEEPING. THEIR OPINIONS ARE NEVER SOUGHT BY THE MINISTRY AT ALL. MIA IS A BODY THAT REGULATES ALL THE ACCOUNTING AND BOOK KEEPING FUNDAMENTALS THAT INCLUDE PRIME DOCUMENTS LIKE INVOICING, SALES AND PURCHASES ADJUSTMENTS AND ALL ACCRUALS AND PROVISIONS IN OUR DAILY ACCOUNTING WORKS. BUT THEY JUST KEEPING QUIET. DO NOT UNDERSTAND WHY. THOSE DAYS WHEN GST WAS IMPLEMENTED, THETY TOO KEPT QUIET AND HAVING A VERY LOW PROFILE.

Fintec-PA can fly anytime where the Total Fintec-PA in the market is Merely 7.279 Million units only. Just buy and keep, you will sure make money when Fintec-PA is cornered any moment due to Market Speculation.

Today Close RM0.225 with 6,990,700 shares transacted ( Equivalent to 209,721,000 old shares done ). 3.54% of Total Shares traded. Today price reaching RM0.24 half time.

BLee, thanks for your writing above. Come year 2027, the Net Worth will be more with the auto conversion of Fintec-PA i.e. every subscripted ICPS at 8 sen x 30, will be merged with the mother paid up Capital. As seen in Fintec 2Q2024 report page 3 of 16, (Link: https://www.klsescreener.com/v2/announcements/view/6600177 ), ICPS is parked as Equity and Liabilities. Come year 2027, most likely this MYR 17,833k will disappear (added to share capital).
Please also observe, this Consolidation done after the expiration of Fintec-WC, the ‘shouting’ of Billion NOSH will not happen in the near future as Fintec as at now, no outstanding Warrant.

Impressive Close today at 22.5 sen with 6,262,100 units done ( equal to 187,863,000 old shares transacted before consolidation ) or 3.157% of the total NOSH. Now the Market is acknowledged that Fintec is really undervalued by 5.2 times which is Good to buy as the Net Worth per share is RM 1.17 now after Consolidation. Cheers to all our Supporting Brothers and Sisters in the Market.

Fintec today up 0.005 to 18.5 sen. Total units done 2,327,200 steady.

FINTEC interest came back today with 9,542,600 shares done ( 4.83% of the Total Fintec Shares ) close at 18.0 sen. Up 2 sen from yesterday close. Good sign it will go up. Still a long long way to go up. Just the beginning.

Haters don't know Fintec owns Seacera 32%. Seacera under-valued 5.75 times. NTA 1.15 and Fintec NTA 1.17 now market price under-valued 6.5 times. If you use the Accounting Formulae, 5.75 X 6.5 = 37.375 times. Hahahaaa...

Received Bursa Statement yesterday through email. Reported I have so many old Fintec Shares X by today rate RM0.165 = Many RM Millions 000,000.00 ....KAYA loh if read according to my Bursa Malaysia CDS Statement of Account for the Month ended 07-05-2024. If I present the copy to the USA or New Zealand Immigration Office, I can get instant approval for Migration straight away. Hahahaaaaa..Suddenly, I became so RICH today. If you do not believe, just go see and check your Bursa Malaysia Statement of Account you just received.

Day Price Range 0.155 - 0.165 but Closing at 0.160
Today Trading Volume is 1,502,700 if convert back to old Fintec Shares = 45.081 Million Shares.
Looking forward to more interested buyers at higher price as Buying now is made so easy after consolidation.

Many People simply need some Cash at times. Forced to sell if not they would not sell if they are Rich.

335 MILLION SHARES (OLD SHARES) NOW TALLY WITH THOSE QUEING TO BUY BEFORE CONSOLIDATION. FAIR. THESE BUYERS DID NOT RUN AWAY. I RESPECT THEM. THEY ARE AFTERALL GENUINE BUYERS AS BEFORE AS WHAT WAS PROVEN BY THE VOLUME TODAY - 11.170 MILLION SHARES TRADED. THANKS.

335 MILLION SHARES (OLD SHARES) NOW TALLY WITH THOSE QUEING TO BUY BEFORE CONSOLIDATION. FAIR. THESE BUYERS DID NOT RUN AWAY. I RESPECT THEM. THEY ARE GENUINE BUYERS BEFORE. THANKS.

STARTED 17.0 SEN AT 9AM .....CLOSE AT 16.5 SEN AT 5 PM. TOTAL DONE 11,170,100 SHARES EQUAVALENT TO 335,103,000 OLD FINTEC SHARES ( IF MULTIPLY BACK BY 30 ). NOT BAD FOR A START. AT LEAST EASIER TO TRADE NOW. HOPE FINTEC WILL CLIMB UP TO 30 SEN IN ONE MONTH TIME. IF DROP BELOW 15 SEN, THERE SHOULD BE A LOT OF BUYERS AS THE NTA NOW IS RM1.17 SEN A SHARE.

Monday 06/05/2024 is the last final day of trading Fintec before consolidation 30 to 1 on the 7/5/2024. Total buying Q at 0.005 was 266,873,900 (671 waiting) and total selling at 0.01 was 296,359,800 (800 waiting) recorded on the close Friday 3/5/2024. Ex-Price should be 15 sen and above after 07/05/2024. Strong urge to BUY if Fintec price drops below 15 sen and Fintec-PA price drops below 11 sen based on my Calculation.

Remember, China did failed to pay Trillions of GOLD LOAN BONDS during the WW1 when China was so poor then. Until now, those Chinese Treasury Bonds are still unpaid and un-redeemed even that China is so Rich now. Maybe , USA is using this as one of the reasons to pressure China to pay up those DEFAULTED TREASURY BONDS and OFFSET them against the US Current Treasury Bonds due and payable. Everything is possible.

GOLD is King then if WW3 started.

Possible, masterus. US may stop paying China for the balance of their Treasury Bonds held in the US but it will trigger a WW3 either started by US first or other of US Allies. Look at how US using Taiwan, Ukraine, Israel, Philippines, India, and many others to fight a war. US currency keeps going up while everybody's currencies keep falling at US's expense. It is possible that US takes this opportunity to sieze and stop the Chinese from withdrawing more of its Treasury Bonds. Afterall USA has no more money themselves than to print more money through QE.

Dwinling interest noted. Today Monday 29/4/2024 Q at 0.005 drops to 289,107,700 ( 711 waiting )
Q to sell at 0.01 number almost the same 305,403,500 ( 812 waiting )
Ex-Date coming 7/5/2024 - This whole week should be a Selling Week at 0.005 no choice.

Q at 0.005 today 25/4/2024 drops to 359,594,300 (863 waiting)
Q to sell at 0.01 number also drops to 303,815,800 (819 waiting)
3rd Day announced 30 to 1 - ex-date 7/5/2024 - Interest dropping waiting for ex-date market prices to buy.

True.

Q at 0.005 today 24/4/2024 Numbering = 378,894,000 (905 waiting)
Q to sell at 0.01 numbering = 309,029,700 (813 waiting)
2nd Day announced 30:1 ex-date 7/5/2024 - Notice that the numbers of buying increased slightly over selling.

Q at 0.005 today 23/4/2024 Numbers =
325,336,200

Q to Sell Position
Price 0.01 numbers
278,513,700

Upon Announcement today - ex-date 7/5/2024 - Numbers to buy equals Numbers to Sell. Half of the queing numbers for 0.005 cabut already.

630,126,100 BUYERS WAITING EVERYDAY AT HALF A SEN ( RM0.005) FOR MANY MANY MONTHS BEFORE 30:1 CONSOLIDATION.

I WANT TO PUT ON RECORD HERE THAT, THESE 630,126,100 BUYERS ARE EXPECTED TO BUY AT 15.0 SEN AFTER THIS 30 TO 1 CONSOLIDATION IS OVER.

IF THEY DO NOT BUY AT EX-CONSO PRICE OF 15 SEN, IT IS VERY VERY CLEAR THEY ARE THE CONMEN & CHICKENS. IF THEY BUY, THEY ARE REAL GENTLEMEN, I REALLY SALUTE.

THANK YOU FOR READING.

Watching closely SP Setia Berhad is developing their Banyan Project in Semenyih and their response may affect our Semenyih;s Land nearby them. SP Setia Bhd had launced their development activities last year on September 15, 2023. Our 501 acres of Freehold Development Land is just on the main road before the Nirvana's Famous Landmark in Semenyih. Currently still valuated and declared at RM36 psf since 15th March 2017, about 7 years ago according to the Seacera's Annual Report yearly.

Tomorrow, EGM at 11am to pass Members Resolution for Reduction of Shares from 5.9 Billions to 220 millions using 30 to 1 Ratio. This Exercise is to Consolidate our Fintec Position so that our Fintec Shares can be more marketable and easy to dispose. Less shares are in the market and it may go up to the PAR VALUE of RM1.20 a share more easily with 30 times less shares now. If if Fintec drops less than 15 sen a share, we are like buying less than RM0.005 ( half a sen ) now a pre-Consolidation Minimum price set by the Bursa. So, if it drops further, it is a Golden Opportunity to accumulate more. If Fintec fundamentals remain, its share price should be above 30 sen or more after Consolidation Exercise tomorrow. See the Showtime how it goes. I personally believe Fintec Shares after Consolidation should be around 45 sen and more depends on the Bursa KLSE index, the Share Market and the Price Movement of Seacera Shares in the future.

I got my Fintec-PA converted to Fintec Shares listed today 27/3/2024. Service Charge RM20.00 cash paid to TRICOR Customer Service Counter at Tower A, Ground Floor of Vertical Biz Suite, Avenue 3, Bangsar South.

[FINTEC] Conversion of Preference Shares on 26-Mar-2024
Stock
[FINTEC]: FINTEC GLOBAL BERHAD
Announcement Date
26-Mar-2024
Listing Date
27-Mar-2024
New Type/Class?
No
Type
Conversion of Preference Shares
Details
Conversion of Irredeemable Convertible Preference Shares
No. of shared issued
3,300,000
Issue Price
Malaysian Ringgit (MYR) 0.110

Consolidate for the goodness and benefit of the All the Shareholders is OK. Don't consolidate and then issue new shares again using whatever methods to cheat the investors from their hard earned money. Example is MLAB and EDU-SPEC recently.

My broking firm is Inter-Pacific Securities. Until today despite me having completed opening a Foreign Acct, submitted my V-Stock Dividend letter and Statement of Receipt for the ARB-IOT shares to them since 22/2/2024, there is no news. Anybody facing the same problem. I thought having the V-Stock Statement and Letter of Dividend mean evrything OK already. The broker is yet to deduct any Share Transfer Charge or Fee from my Trust Account with them.

NOTED THAT WE ARE VERY CONCERNED WITH THE LATEST RAID BY SC ON THE MAFIA CORPORATE CASE.

AFTER READING THE SC NEWS ABOVE, NOTE THAT KENNETH VUN ( UNDER THE ARM OF SANSTON FINANCIAL CORP LTD ) ONLY INVOLVED FINTEC GLOBAL AT THE INITIAL STAGE WHERE FINTEC PRICES WENT UP TO 16.7 SEN AT ONE TIME A FEW YEARS BACK. MANY INVESTORS SUFFERED SERIOUSLY AFTER FINTEC SHARES WENT UP AND TUMBLING DOWN TO HALF A SEN NOW. THOSE EARLY INVESTORS INCLUDING RI , ICPS , PP, SIS AND ESOS INVESTORS ALL REALLY HATED HIM SO MUCH FOR SIPHONING THEIR HARD EARNED MONEY.

TODAY, LUCKY TO SAY, KENNETH VUN, SOPHIA CHIN, VICTOR CHIN BOON LONG, CAROL VUN, GRACE VUN, MAK SIEW WEI AND BENSON TAY ARE NOT INVOLVED WITH OUR FINTEC DIRECTLY. THERE ARE TWO OR THREE PROXIES OF KENNETH VUN DETECTED STILL SITTING ON THE BOARD OF SEACERA AS AT TODAY.

I AM VERY PLEASED THAT FINTEC RECENT EXERCISE ONLY ASKED FOR SHARE CONSOLIDATION 30:1 AND NOT ADDING ANYMORE NEW SHARES LIKE RI & NEW WARRANT TO FINTEC LATELY. WHEN MLAB AND ATS WENT FOR THEIR CONSOLIDATION, THEY DID ASKED FOR RI PLUS FREE WARRANTS WHICH DEFEATED THE PURPOSE OF THEIR SHARE CONSOLIDATION EXERCISES. SUCH NEW PP, RI WITH FREE WARRANTS CERTAINLY MEANS THERE IS ELEMENT OF CHEATING ON THEIR CURRENT INVESTORS MORE OUT OF THEIR HARD EARNED MONEY.

HOW TERRIBLE - KENNETH VUN & THEIR PROXIES WERE DOING ???!!!???.

AS FINTEC SHAREHOLDERS, WE MUST KEEP A VERY CLOSE EYES WATCHING THESE PROXIES MOVEMENTS.

TO OUR BOARD OF DIRECTORS OF FINTEC GLOBAL BERHAD, PLEASE DO NOT ALLOW ANYMORE OF SUCH MANIPULATION IN OUR GROUP OF COMPANIES IN FINTEC FROM NOW ONWARDS. THANK YOU VERY MUCH.

Cheated : Fintec RI nobody in i3 subscribe true?
THERE IS NO RI FOR FINTEC UNDER THIS CONSOLIDATION EXERCISE UNLIKE MLAB, AT AND OTHERS.
FINTEC EGM IS ONLY FOR CONSOLIDATION OF SHARES FROM 30 TO 1. THAT'S ALL. OUR MAIN PURPOSE OF CONSOLIDATION IS TO REDUCE THE HUGE NUMBERS OF EXISTING SHARES BY 3O TIMES SO THAT FINTEC FUTURE SHARES CAN GO UP WITHOUT HINDRANCES. WHAT IS THE POINT OF CREATING MORE SHARES BY RIGHT ISSUE, PP OR ESOS ? IT DEFEATS THE PURPOSE OF SHARE CONSOLIDATION EXERCISE. PLEASE PROTEST IF THERE IS RI , PP OR ESOS IN THE FUTURE UNLESS THERE IS A NEED FOR MORE FUNDS FOR VERY USEFUL PURPOSES.

Regarding those Fintec-PA I have, I apply to convert them to Mother Shares today. Submitted my Filled Up Form - Original Copy signed passed to Tricor Customer Service Counter at Ground Floor, Tower A, Vertical Business Suite, Bangsar South. They required RM20.00 as service charge for conversion using surrendering of 11 Fintec-ICPS to 8 Fintec share method. Good luck to all of us, Fintec Global Loyalist.