Details of corporate proposal PLACEMENT OF UP TO 246,778,000 NEW ORDINARY SHARES, REPRESENTING 10% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF PUC BERHAD No. of shares issued under this corporate proposal 22,222,222 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0450 Latest issued share capital after the above corporate proposal in the following Units 2,646,576,701 Listing Date 03 Sep 2024 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3480331
============= Directors continue to raise fund via shares issuance to PP at attractive price to selected investors
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition
(a) Date of offer: 3 September 2024 (b) Exercise price: Not applicable (c) Number of shares granted: 64,657,670 (d) Market price of PUC’s shares on the date of offer: RM0.04 (e) Number of shares granted to Directors of PUC: 64,657,670 shares to Mr. Cheong Chia Chou, the Group Managing Director & Group Chief Executive Officer (f) Vesting period of the share grants: The share grants are vested on the date of offer
Got. Last call to get out at 4 sen before CEO's ESOS price is determined and listed. More negative news to come when 1st qtr (30/9/2024) of year ending 30/6/2025 results are announced
(1) Will only touch 3 sen if any of the major shareholders, ie. 3C, Cocoa or Genting (not even sure still a major shareholder) decide to sell. Retailers unlikely to sell as majority bought at much higher prices unless they decide to cut substantial losses.
(2) What will be the development that forces major shareholders to sell? I don't know and will not reduce my purchase price even if it touches 3 sen! Am just waiting to reduce my soon to be realise losses.
Imagine you are an NGO called "GGAF". Why will you pay 10M RM to a software company to create a platform to raise funds/ donations? Imagine how much donations you need to collect to pay the 10M RM? Last one out switch off the lights. Caveat emptor!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kamalinvestor123
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Posted by kamalinvestor123 > 2 months ago | Report Abuse
https://klse.i3investor.com/web/blog/detail/Pictureworks/2024-08-26-story-h-153295523-A_Story_of_Pictureworks_AI_Innovations_Is_PUC_Current_Valuation_Unjusti