Posted by bpsiah > 2021-07-23 23:03 | Report Abuse

Why issue huge amount of shares and later do such consolidation? Why have private placements and rights issue that will dilute the price of the shares? These may be the rights of the company but they should not take it as a privilege. Respective authorities must play a more stringent role in curbing such unscrupulous practice and prevent companies from taking advantage of the whole situation to the detriment of investors, especially the retails.

Posted by Bgt 9963 > 2021-07-24 10:34 |

Post removed.Why?

Posted by whistlebower99 > 2021-07-24 13:14 | Report Abuse

Issuing shares is easy way for directors to increase company fund instead of bringing in money from business profits.
In many cases, the company funds will be depleted by continuous quarterly losses, asset acquisition at high price, settlement of debts, or even losses in investment in other penny stocks, etc.
In investment losses, it is not surprising to see them buying penny stocks at near peak prices. And look suspicious!!! Try figure it out...

Posted by chinaman > 2021-07-24 13:20 | Report Abuse

Why you dont include Airasia, and AAX in your so-called list of lousy stocks?? also facing same scenario.

Posted by chinaman > 2021-07-24 13:27 | Report Abuse

whistleblower- selective prosecution??? avoid big fish Tony the magnificent? wakaka

Posted by blackchicken > 2021-07-24 13:36 | Report Abuse

Learn how loss making companies survive for 10 years. Stop feeding them.

Posted by alenac > 2021-07-24 13:42 | Report Abuse

yeah, Rights are for sardines to pay for directors salary and luxury living expenses every month and continue losses of company, later another consolidation and rights over again.

Posted by whistlebower99 > Jul 24, 2021 1:14 PM | Report Abuse

Issuing shares is easy way for directors to increase company fund instead of bringing in money from business profits.
In many cases, the company funds will be depleted by continuous quarterly losses, asset acquisition at high price, settlement of debts, or even losses in investment in other penny stocks, etc.
In investment losses, it is not surprising to see them buying penny stocks at near peak prices. And look suspicious!!! Try figure it out...

Posted by chinaman > 2021-07-24 13:53 | Report Abuse

Why the ikan bilis with majority public shareholdings more than conman directors not voting kick them out??? These conman normally have very less controlling shareholding right? Except avoid buying but never take action against all these conman?

Posted by BLee > 2021-07-24 14:55 | Report Abuse

I am an advocate of preference shares; especially on Irredeemable Convertible Preference Shares (ICPS). I have repetitively stirs ICPS away from the rest of the funds raising instrument as highlighted the advantagious in some of my published articles. The writer can caution to newbies on "pump and dump" stocks which I supported; please do NOT lump stocks with ICPS issuance as bad (case by case basis)...

My articles link for easy reference:
 https://klse.i3investor.com/blogs/BLee_AGES/2021-07-16-story-h1568014371-ICPS_My_investment_stretagy.jsp
 https://klse.i3investor.com/blogs/BLee_AGES/2021-07-03-story-h1567802175-Focus_PA_Where_is_the_money.jsp
 https://klse.i3investor.com/blogs/BLee_AGES/2021-07-22-story-h1568729473-AGES_PA_Where_is_the_money.jsp

Happy trading

Posted by whistlebower99 > 2021-07-24 16:47 | Report Abuse

@BLee

ICPS with high issue price and high conversion ratio comes with higher risk of losses when the underlying share price dropped below the conversion price.

FOCUS-PA
Issue price = 0.055 (very high, could have manipulated up the share price prior to price fixing)
Conversion Price = 0.55
Conversion Ratio = 10:1

Total Issued Shares = 6,372,205,736
Total ICPS (PA) = 903,363,292
Total WB = 3,066,399,051

You need lots of luck if you are holding FOCUS-PA at high price, even though the maturity date is in 2030. Very likely potential candidate for share consolidation and rights issue with free warrant if current cash position is depleted over time without profit improvement.


AGES-PA
Issue Price = 0.01
Conversion Price = 0.13
Conversion Ratio = 13:1 (consider high)

Total issued shares = 1,262,036,173
Total ICPS = 3,850,826,509

Lots of money collected from ICPS issuance and conversion (around RM129,000,000) and not much cash left (how the money was utilised)

If ICPS is fully converted, total issued shares will exceed 5 BILLION
ICPS conversion ratio of 13:1 is on the high side.
Just hope annual profit can be maintained or improved as EPS will be affected by conversion of ICPS.


Good luck.

Posted by BLee > 2021-07-24 20:48 | Report Abuse

Posted by whistlebower99 > Jul 24, 2021 4:47 PM | Report Abuse
@BLee

ICPS with high issue price and high conversion ratio comes with higher risk of losses when the underlying share price dropped below the conversion price.

FOCUS-PA
Issue price = 0.055 (very high, could have manipulated up the share price prior to price fixing)
Conversion Price = 0.55
Conversion Ratio = 10:1

BLee: I have answered this question before. Let me answer again. Due to 2 methods of conversion, present trading price of around 1 sen, could cost around 10 sen to convert and NOT 55 sen.
Why buy at 1 sen and not around 5 sen for mother shares?
- opportunity of x5 leverage.
- lower downside risk as almost at bottom of  'pump and dump'.
- decrease in market availability upon more conversion,  mother shares will increase.
- anti-dilution. Example given earlier in one of my articles.

@whistleblower99: You need lots of luck if you are holding FOCUS-PA at high price, even though the maturity date is in 2030. Very likely potential candidate for share consolidation and rights issue with free warrant if current cash position is depleted over time without profit improvement.

BLee: I wished it will happen on share consolidation and RI (not on without profit); explained in one of my articles on conversion price/ratio adjustment upon any new RI.

@whistleblower99:

AGES-PA
Issue Price = 0.01
Conversion Price = 0.13
Conversion Ratio = 13:1 (consider high)

Total issued shares = 1,262,036,173
Total ICPS = 3,850,826,509

Lots of money collected from ICPS issuance and conversion (around RM129,000,000) and not much cash left (how the money was utilised)

BLee: Answered in my article, Ages-PA: Where is the money???

@whistleblower99: If ICPS is fully converted, total issued shares will exceed 5 BILLION
ICPS conversion ratio of 13:1 is on the high side.
Just hope annual profit can be maintained or improved as EPS will be affected by conversion of ICPS.

BLee: I hope the conversion will happen. As shown in one of my articles, collection of 60 million and 29.6 million shares in the 2 trades seem extraordinary...guessing game.

Please also see my answer on:

Stock: [FOCUS]: FOCUS DYNAMICS GROUP BHD
Jul 13, 2021 8:04 AM | Report Abuse 
A very good morning to Focus D investors and whistleblower99. I have no intention to pick a 'fight' with anybody; just sharing opinion on share market investing. Nothing personal..

and

Stock: [FOCUS]: FOCUS DYNAMICS GROUP BHD
Jul 12, 2021 9:48 AM | Report Abuse 
@whistlebower99 - Especially for newbies trading in loss making penny stocks

BLee: Yes, newbies should take notes that Focus NOT loss making for the last 5 quarters with good cash position.

Good luck. (BLee: Thanks, and Happy Trading)

Posted by scenery > 2021-07-24 21:49 |

Post removed.Why?

Posted by UlarSawa > 2021-07-27 14:39 |

Post removed.Why?

Posted by UlarSawa > 2021-07-27 14:39 |

Post removed.Why?