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Be aware of change of company name

INIX TECHNOLOGIES HOLDINGS BERHAD to ZEN TECH INTERNATIONAL BERHAD

Why many low price loss making penny stocks change company name ?

Will change of name brings in better fortune for shareholders in terms of business profits???

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UNIVERSE and Good123 stuck deep in the mud hole, trying very hard to climb up
Keep trying, don't give up

Since 13 Sep 2022 price range of 1.5 - 2.5 sen
Current price range for longer period expected, similar to pasukgb, sanichi, bornoil, at.......

Don't Be Greedy Be Happy

Stock price might be pressed down lower for future PP to allow lucky PP investors to make better profit margin.

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Looks like daylight manipulation ???

Company directors not clever in generating profits from business ??
Only clever in fund raising via shares issuance???

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QR is out
Profit/(loss) attributable to ordinary equity holders of the parent 12,092,000

https://www.klsescreener.com/v2/stocks/financial-report/0118/2022-07-31

QR is out
Huge loss for this quarter, making it another year of losses

Profit/(loss) attributable to ordinary equity holders of the parent -7,233,000

https://www.klsescreener.com/v2/stocks/financial-report/5157/2022-07-31

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Almost 70 million shares dumped @0.01 between 2.51 - 2.56pm

Many 'big' players already keeping quiet for some times
Especially those bought rights @0.12 before shares consolidation

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High volume today
Good for price fixing of PP shares
Will rights issue fund raising be successful

Top Volume now
What's up ?
Good or bad ?

No need hurry
Most likely will be like pasukgb or sanichi

NOSH = 122,897,709

Pending implementation :-
a. listing and quotation of up to 52,556,921 Placement Shares to be issued pursuant to the Proposed Private Placement; and

b. listing and quotation of 11,800,000 Consideration Shares to be issued pursuant to the Proposed Acquisition.

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Upon completion, estimated NOSH = 187,254,630
Expect directors to do more shares issuance to PP, ESOS to raise more fund or for asset acquisition

Operators need higher NOSH to do magic

Do business to make profit more stress than fund raising via shares issuance
Wait for directors to raise more fund by issuing more shares to PP, ESOS

BQty Buy Sell SQty
169,844,700 0.030 0.035 4,142,100
20,080,000 0.025 0.040 14,471,300
14,017,500 0.020 0.045 12,100,700

could be fake huge buy q @ 0.03
same scenario with other lousy high NOSH penny stocks, recent one is mtronic
mtronic is now trading at 0.015 - 0.02

So much cash in the kitty
Too tempting for hanky & panky

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Weekly chart still not nice
If no rebound next 2 days, probably will break support @0.05 next week

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Another fast, kanger in the making ?
After rights issue fund raising lots of money from loyal retail shareholders, next step could possibly be shares consolidation.

Be reminded of Rights Issue
Ex-Date 03 Oct 2022;

Directors unable to bring in business profits to increase company fund
Fund raising via RI is easy and convenient way for directors to increase company fund

Shareholders have to fork out more money to contribute to directors fund raising exercise
Directors are responsible for the success of the fund raising exercise and they are not responsible for the shareholders to make profit from the rights shares

Many stocks with rights issue have fallen below rights issue price......CSH, VIZIONE, MTRONIC, FAST, KANGER.......

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Generated volume to lure newbies and punters

Ex date 27 September
Reference stock price 0.18

Warrant price 0.06
Exercise price 0.90

Trade with care

Be Greedy and Console Yourself
Don't Be Greedy and Be Happy.

No more road to escape for those who saw value months ago.
Every week also got selling wave
More likely leading to shares consolidation

NOSH = 9,236,117,079 shares
If consolidate 20 to 1, will lose more hard earned money

Directors unable to bring in profits from businesses
Multi quarter losses, Multi year losses
Directors continue to receive payment

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To approve and ratify the additional payment of Directors' fees amounting to RM230,000 which was in excess of the earlier approved amount of RM364,000 from 22nd AGM up to the conclusion of the 23rd AGM.

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To approve the payment of Directors' fees amounting to RM792,000 to the Directors of the Company from 23rd AGM up to the conclusion of the Twenty-fourth Annual General Meeting ("24th AGM").

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https://www.klsescreener.com/v2/announcements/view/3612655

Directors unable to bring in profits from businesses
Multi quarter losses, Multi year losses
Directors continue to receive payment

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To approve the payment of Directors fees of up to RM260,000.00 for the financial year ending 31 March 2023 to the Directors of the Company and its subsidiaries.

https://www.klsescreener.com/v2/announcements/view/3613029

Similar price movement pattern to pasukgb, sanichi, dgb, mlab, many more....

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VIZIONE HOLDINGS BERHAD ("VIZIONE" OR THE "COMPANY")
THE HIGH COURT OF MALAYA AT KUALA LUMPUR IN WILAYAH PERSEKUTUAN KUALA LUMPUR

COMPANIES ("WINDING UP") PETITION WITH NO: WA-28NCC-774-09/2022 FILED BY CEDY THIRD CONTRACTING AND TRADING (M) SDN. BHD. ("PETITIONER") AGAINST VIZIONE CONSTRUCTION SDN. BHD. ("RESPONDENT")
The Board of Directors of Vizione wishes to announce that its wholly owned subsidiary, Vizione Construction Sdn. Bhd., had on 22 September 2022 received a Winding Up Petition dated 19 September 2022 and Affidavit Verifying Petition affirmed on 21 September 2022 from Ravindran, the Solicitors who act on behalf of Cedy Third Contracting And Trading (M) Sdn. Bhd. [Registration No. 201701029187 (1243356-K)] ("CEDY") to demand for an amount RM1,350,000.00 due owing to CEDY.

Please refer to the attachment for further details.

This announcement is dated 23 September 2022.

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Possibly money flowing out again.
When company funds run low, directors might raise more fund via shares issuance to PP, ESOS, RI

Directors good in fund raising via shares issuance to PP, ESOS, RI, asset acquisition

Expect NOSH to increase to multi BILLION shares then propose shares consolidation and raise more fund via RI with free warrants