Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. 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. Repeat step 1 to 5
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. Repeat step 1 to 5
0018 LAMBO LAMBO GROUP BERHAD Change in Boardroom Date of Change: 16/03/2023 Type of Change: Retirement Designation: Director Directorate: Exec Name: ZHUANG GUOHUA Age: 49 Country: Nationality: China Qualifications: Working Experience and Occupation: Directorship of public companies (if any): Family relationship with any director and/or major shareholder of the listed issuer: Details of any interest in the securities of the listed issuer or its subsidiaries: Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
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
==================== After the last share consolidation, NOSH = 1,540,499,046 exceeding 1.5 BILLION shares again due to directors frequent fund raising via share issuance to PP, ESOS, RI, etc diluting shareholders equity % and EPS
================== 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, etc
=================== Directors might continue to raise fund via shares issuance to PP, ESOS, RI, etc
=========== PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT
HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI. This announcement is dated 15 July 2024.
================
List of high NOSH penny stocks with shares consolidation :-
Bursa Malaysia Securities Berhad ("Bursa Securities") has rejected LAMBO's application for a further extension of time to submit its regularisation plan.
In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, please be informed that: -
1. the trading in the securities of LAMBO will be suspended with effect from 4 October 2024; and
2. the securities of the Company will be de-listed on 8 October 2024 unless an appeal against the de-listing is submitted to Bursa Securities on or before 3 October 2024 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.
CONDOLENCE to those who become victims of 24 qtrs loses type of penny stocks. You have been delisted. 1.5b sharesholder of Lambo burnt Watch out for more penny stocks landmines......AGES and ASDION
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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....
ID007
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Posted by ID007 > 2023-02-08 10:44 | Report Abuse
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