Hi @fl888, you mentioned that this comp. is 'debt free company with 100 million in bank,' why would they need to do debt consolidation last year? That activity shrunk it investors' vested fund 25x. Appreciate your enlightenment!
1.) Of the total proceeds, RM25 million will be used for marketing purposes for its lifestyle mobile applications GemSpot and GemSpot Lite, ..Just a toy without clear direction ..
within 36 months...
2.) RM5 million for development of food and beverage e-commerce platform : Lacking behind of Grabfood , Foodpanda, Bungkusit, Hometaste, dahmakan , Dietmonsta, Squeeze Me Baby, Petchef , The Naked Lunchbox , Epic Fit Meals.co , Savor of life , Lalamove ..
within 18 months ...
3.) RM8 million for development and integration of a business intelligence and data analytics system : much lagging behind of Maxisbusiness...
within 36 months ...
4.) Another RM 25 million will be utilised for the acquisition of investments in other complementary businesses: Shares investment ??? MPEX ???
within 36 months...
5.) RM 17.934 million for its working capital .
within 24 months ...
6.) RM900,000 expenses for the corporate exercise.
The worst is ED said bet on Payment Solutions since 2017 , 70 % revenue will be from Payment Solutions within 5 years time span , this year is 5 th year ... How is the result ??? one word : BAD
GemPay .. PayAllz.. MPex ..EtfPos .. semua tak jadi loh ???
Schweppes, they did a share consolidation of 25 to 1 which is indirectly a debt consolidation also to cheat innocent investors like us and to clean and window dress their Balance Sheet with so much Cash in Hand now....Banks and Suppliers will be more confident to do businesses with Netx seeing their Cash in Hand , hopefully the Directors and operators do not have bad intentions in their Mind...At this level, it is definitely a good Buy....
No need to waste time, at the rate of owner and management are doing, they are just cheating minority shareholders with numerous & various share placement and esos.
The sign is so clear that the unscrupulous directors are cheating to get rich quickly by issuing 313mil shares as esos. Which other companies will issue so many shares as esos?
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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....
Ppmaster
4,431 posts
Posted by Ppmaster > 2021-03-09 19:48 | Report Abuse
Messi, esos share price 0.125 for staff, means their staff is offer to buy the compant share at the price 0.125 not free for their staff ok. Omg