Changes in Director's Interest (Section 219 of CA 2016)

Particulars of Director
Name MR OOI HEE KAH

1 18/04/2023 57,142,858 Others Direct Interest

Subscription of Rights Issue

Total no of securities after change
Direct (units) 114,142,858
Direct (%) 3.387
Date of notice 20/04/2023

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3346181

Changes in Director's Interest (Section 219 of CA 2016)
Particulars of Director
Name TAN SRI DATUK TEE HOCK SENG, JP
1 18/04/2023 123,630,632 Others Direct Interest

2 18/04/2023 20,457,037 Others Direct Interest

3 18/04/2023 256,279,439 Others Indirect Interest
Name of registered holder Datuk Matthew Tee Kai Woon

4 18/04/2023 533,333 Others Indirect Interest
Name of registered holder Tee Hock Seng Holdings Sdn. Bhd

Subscription of Rights Issue
Nature of interest Direct and Indirect Interest
Total no of securities after change
Direct (units) 273,219,173
Direct (%) 8.108
Indirect/deemed interest (units) 342,031,931
Indirect/deemed interest (%) 10.150
Date of notice 20/04/2023

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3346179

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Low NOSH of 267,581,000 shares and low price of 0.265 (compared to recent high of nearly 3.00)

Look out for directors to raise fund via massive share issuance to Private Placement investors and ESOS

Good for Directors, PP investors, ESOS subscribers

Not good for long term loyal investors who are still holding

AGESON BERHAD ("AGESON" OR "THE COMPANY") - DELAY IN ISSUANCE OF THE COMPANY'S ANNUAL REPORT FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2022

Pursuant to Paragraph 9.28(5) of the MMLR, if the Company fails to announce/issue the outstanding Annual Report 2022 within five (5) market days after the expiry of the Relevant Timeframe (the last day of this five (5) market days period is referred to as “Suspension Deadline”) i.e. on 9 May 2023, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of the Company. The suspension shall be effected on the next market day after the Suspension Deadline i.e. on 10 May 2023 and will be lifted on the market day following the announcement/issuance of the outstanding Annual Report 2022 unless otherwise determined by Bursa Securities.

Pursuant to Paragraph 9.28(6) of the MMLR, if the Company fails to announce/issue the outstanding Annual Report 2022 within six (6) months from the expiry of the Relevant Timeframes, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall commence de-listing procedures against the Company.

This announcement is dated 25 April 2023.

https://www.klsescreener.com/v2/announcements/view/4719317

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Risk of suspension and delisting !!!

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Penny stocks cartel
Releasing WC into market
Recoup funds used in rights share application

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NOSH = 4,036,375,517
WD = 972,050,534
Too heavy mother and baby.
Not easy to push up.
Easier to push down

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Almost 40% of BSLCORP owned by other penny stocks that supported BSLCORP fund raising activity by subscribing for the rights shares using their company fund which was likely raised from their respective fund raising exercise via shares issuance to PP, ESOS or RI

Be aware that penny stocks directors could be supporting each other in their fund raising exercise in attempt to support their stock prices

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latest NOSH = 3,461,568,562
WB about 200 million units

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Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6

Post removed.Why?

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6

Post removed.Why?

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6

Proposed company name SUNG MASTER CONSOLIDATED BERHAD

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3335451

Previous Company name = VORTEX CONSOLIDATED BERHAD

Announced EX Date Subject Ratio Offer
16 Mar 2021 29 Mar 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.1700
18 Jan 2021 02 Feb 2021 Share Consolidation 1.0000 : 4.0000
29 Mar 2019 10 Apr 2019 Rights Issue (warrant) 1 : 5 0.1500
29 Mar 2019 10 Apr 2019 Rights Issue 3 : 1 0.0500
09 Jan 2019 22 Jan 2019 Share Consolidation 2 : 1
28 Jul 2015 07 Aug 2015 Share consolidate 2 : 1
06 Dec 2011 16 Dec 2011 Rights Issue (warrant) 2 : 1

https://www.klsescreener.com/v2/stocks/view/0060/harvest-miracle-capital-berhad

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NOSH = 1,224,404,684
PA = 18,030,374
WB = 18,430,501
WC = 125,946,372

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6

Modus operandi of many loss making penny stocks
1. Directors fail in generating business profit
2. Show multi year losses, multi quarter losses
3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition
4. Directors utilise most of the fund raised
5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue
6. Maybe change company name to 'hide' the past from new investors
7. Repeat step 1 to 6

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EDUSPEC-OR trading at 0.005
Most likely rights issue subscription will be supported by friendly parties, proxies and friendly penny stocks with money from fund raising

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