Reference is made to the earlier announcements dated 8 August 2019, 20 August 2019, 21 August 2019, 22 August 2019, 29 August 2019, 25 September 2019, 8 October 2019 and 17 October 2019 in relation to the Private Placement.
On behalf of the Board, Mercury Securities wishes to announce that the Board has on to-date (“Price-fixing Date”) fixed the issue price for the placement of 18,400,000 Placement Shares at RM0.06 per Placement Share (“Issue Price”).
The Issue Price represents a premium of 6.38% to the 5-day VWAP of PUC Shares up to and including 5 November 2019 of RM0.0564, being the last market day immediately preceding the Price-fixing Date.
According to its 2018 annual report, RedHot had a direct interest of 22.04% in PUC as at April 17, 2019. The public shareholding spread of PUC then was 72.63%.
Back in 2014, RedHot had a 62.48% direct stake in the company.
Shares of PUC closed unchanged at 5.5 sen today, valuing the company at RM123.9 million. The counter has been on a downward trend since reaching 35 sen on Dec 28, 2017, falling some 84% since then.
Netx is another IT company and also a ACE bursa listed company. Recently, there are many penny stocks are doing PP to 3rd party vendors.
PUC have been announcing that they r going into gov-credit facilities earlier this year. So, Netx is like Agent and given commissions to help facilitate the progress of the credit application thru Presto.
What NETX do. 1) To identify and facilitate the registration and on-boarding of Presto Users/Subscribers; and 2) To provide a revolving of funds for the initial and subsequent disbursement of the micro-finance into the accounts of Presto Users/Subscribers in the form of PrestoPay Credits.
3) Invest 50,000,000 into PUC ( I think Netx borrow money to PUClah)
WHAT PUC DO.
1. To secure all relevant authority licenses for the Initiative;
(b) to secure all relevant contracts with the partners and collaborators for the commissioning of the Initiative; (c) to provide the PrestoPay Credits and the digital platform facilities via the Application to the Presto Users/Subscribers; (d) to provide and/or support the advertising, marketing and promotions of the products and services sold on the platform catered for Presto Users/Subscribers; (e) to provide the framework for the registration and on-boarding of Presto Users/Subscribers; and (f) to appoint NetX Digital as a PrestoPay Credits resel to appoint NetX Digital as a PrestoPay Credits reseller to promote, sell and fulfill subsequent PrestoPay Credits top-ups.
Whatever reasons given, if you are fundamental base, go for blue chips local or overseas. HK now got a lot of good fundamental stocks worth investing. If you are technical base, well, PUC now is a good time to start accumulate again. Happy investing :)
Unlimited supply at 5.5cents. should hold or sell gais?. Looks like got stuck at this price not go anywhere though. Still got chances to sell or buy at 5.5c.
prince4, use your bird lc brain and read the announcement. still don’t know HOW TO READ, then u not qualify trade.
The above Netx is another IT company and also a ACE bursa listed company. Recently, there are many penny stocks are doing PP to 3rd party vendors.
PUC have been announcing that they r going into gov-credit facilities earlier this year. So, Netx is like Agent and given commissions to help facilitate the progress of the credit application thru Presto.
What NETX do. 1) To identify and facilitate the registration and on-boarding of Presto Users/Subscribers; and 2) To provide a revolving of funds for the initial and subsequent disbursement of the micro-finance into the accounts of Presto Users/Subscribers in the form of PrestoPay Credits.
3) Invest 50,000,000 into PUC ( I think Netx borrow money to PUClah)
WHAT PUC DO.
1. To secure all relevant authority licenses for the Initiative;
(b) to secure all relevant contracts with the partners and collaborators for the commissioning of the Initiative; (c) to provide the PrestoPay Credits and the digital platform facilities via the Application to the Presto Users/Subscribers; (d) to provide and/or support the advertising, marketing and promotions of the products and services sold on the platform catered for Presto Users/Subscribers; (e) to provide the framework for the registration and on-boarding of Presto Users/Subscribers; and (f) to appoint NetX Digital as a PrestoPay Credits resel to appoint NetX Digital as a PrestoPay Credits reseller to promote, sell and fulfill subsequent PrestoPay Credits top-ups.
roszali, haha, u pandai kira2 tu,kalau semua syarikat mendapat pulangan seperti mana yg dijangkakan dalam pengiraan engkau, tak payahlah Netx keliling tak ada business.
First, u need to see your price in hand. Do your calculation.
If you have 100 ,000, @0.055 after consolidation, it’s only 20 lots @ 0.275
Warrant A is not affected in the announcement proposal.
Usually, consolidation of price helps to keep the price afloat and no of stocks more stable. Currently, too many issuances of shares of PUC in the market,
It’s all up to the banker. If they intend to goreng before conlidation takes place, then it’s good.
But if they do it after the consolidation is good too.
BUT if they do it after consolidation and keep selling, then it’s going to be bad.
Back to January 2017, at that time I bought PUC La at 4 sen while PUC was at 8 sen...I bought PUC La because it paid 4% interest annually..As you may be aware that 2La or 1 La + 5 sen can be converted to 1 PUC share
When PUC share price hit a high of 35.5 sen in late December 2017..But Puc La was traded at around 24 to 27 sen with discount of 3 to 4 sen, so I converted all La with another 5 sen cash and sold all of them as PUC mother share at 32 sen...You may check PUC annual report (2016), I was among the top 30 PUC La holders , No 26 was me
After that I was not holding any PUC shares until lately...
Directors byk acc, they just shifting from one acc to other acc n proxy (tak mau bagi u orang trace their direction easily,sbab kena announce kat bursa).
They quetly collect so much frm tracks qty, time nak push up goreng laa tuu!
cytew 5 to 1 share consolidation will reduce the total number of shares,it will help to flush out most "market bit traders" and hope it will reduce the number of shareholders from more than 10k to about 4k to 5k, by then the share will trade with its fair value..We are expecting upon consolidation,it will trade between 40 to 50 sen range before 67% Puctureworks acquisition...Just wait and see.. 20/11/2019 4:04 AM
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....
Daily8
3,858 posts
Posted by Daily8 > 2019-11-07 09:39 | Report Abuse
C3 need to show some powerlah. PP almost every month. OMG