THE MAJOR SHAREHOLDERS HAVE SOLD DOWN KEY ALLIANCE TO 1SEN LEVEL,........THEY WILL SELL MORE COMPANY`S SHARE INVESTMENTS IN OPEN MARKET AT 90% LOSS,........SELL IT TO WHO ?.......YOU GUESS ?.........
TRULY RIP OFF,.........
WHAT A JOKE,.......SELLING BULK OF SHARES IN OPEN MARKET AT DIRT CHEAP PRICE,.......WHEN THEY BUY IT, THEY PAY PREMIUM PRICE,........
WHO ORDERS SUCH PRACTICES,...........WHO POCKETS THE MONEY ,.......YOU CAN GUESS !
@8899EL8899: THE MAJOR SHAREHOLDERS HAVE SOLD DOWN KEY ALLIANCE TO 1SEN LEVEL,.......
BLee: Hi @8899EL8899, how true? One major shareholder/director holding 224.9 mil roughly at around 4.5sen since early 2021 and 225.4 mil roughly around 1sen now: " 1. 04 Mar 2021 600,000 Acquired Direct Interest Name of registered holder: Roy Ho Yew Kee Acquisition through open market Nature of interest: Direct Interest Direct (units) : 224,900,000 Direct (%) : 9.553" still holding..without disposing record as at "1. 10 Jan 2022 500,000 Acquired Direct Interest Name of registered holder: Roy Ho Yew Kee Nature of interest: Direct Interest Direct (units) : 225,400,000 Direct (%) : 7.354" Source: https://www.klsescreener.com/v2/announcements/view/3487841 How much paper loss for this major shareholder/director? I am just protecting my investment of paper loss around 50%, still TradeAtYourOwnRisk (My Risk)..
@8899EL8899: BLEE,.......THE REAL MAJOR SHAREHOLDER IS FROM HONG KONG, .....THEY ARE HIDDEN SHAREHOLDER
BLee: Hi @8899EL8899, thanks for the info. As per AR2022, only few foreign owners can be hidden in:- 1. Affin Hwang Nominees (Tempatan) Sdn Bhd EXEMPT AN FOR LAZARUS CORPORATE FINANCE PTY LTD 200,000,000 5.44% 10. M&A Nominee (Tempatan) Sdn Bhd EXEMPT AN FOR SANSTON FINANCIAL GROUP LIMITED (ACCOUNT) CLIENT 35,300,000 0.96% 18. Citigroup Nominees (Tempatan) Sdn Bhd UBS AG FOR MAYBANK SECURITIES PTE. LTD. 20,100,000 0.55% which is only around 7%. On another data of shareholding: - Holding of 100,001 to less than 5% of the shares = 3,912 holders = 27.04% = 3,139,671,096 = 85.36% - Holding of 5% and above of issued shares = 1 holder = 0.00% = 200,000,000 = 5.44%, total of more than 90% Happy Trading and TradeAtYourOwnRisk
@8899EL8899: WHEN K GROUP BOSSES DUMP THEIR SHARES TO YOU, THEY WON`T BUY IT BACK FROM YOU, THEY WILL BUY MORE SHARES FROM K GROUP & AGAIN SELL IT TO YOU, LATER, THEY WILL CONSOLIDATE YOUR SHARES, THIS IS HOW THEY FOOL YOUR MONEY, THEY ARE VERY HAPPY DOING THAT !
BLee: Hi @8899EL8899, I have responded to your warning in the Fintec forum and don't mind repeating here. "In a bear market when prices are dropping, how 'crooks' buy low to sell, making our money? Prices are now lower than the PP issuance, 'crooks' need to contribute $ to share capital for new shares from KGroup, I don't expect for 'crooks' to sell at a loss?? On consolidation, NAPS/share price will increase inverse proportion to ratio of the consolidation, so no issue. The direction of prices after consolidation will very much depend on market sentiment and investment performance which is a risk the investor needs to ponder… Happy Trading and TradeAtYourOwnRisk"
I have being monitoring the last PP as below: "613,000,000 new KAG Shares issued pursuant to the first tranche of the Proposed Private Placement were listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 13 April 2022, which marks the completion of the Proposed Private Placement." I would NOT buy above the last PP price and if they pump up above that price, I will be the next "crook" to sell in the market. Disclaimer: I don't belong to any "syndicate".. just a very small retailer investing for passing time and enjoyment.
Below was the fundamental of KGroup when trading at half sen yesterday: Market Cap: RM 18 Million NOSH: 3,678 Million Best Buy Price: 0.005, Volume Orders: 565,767,500 Best Sell Price: 0.01, Volume Orders: 62,872,800 T4Q NAPS | P/NAPS: 0.03 | 0.15 What does all this data mean? Let's say buying 50% of market cap will be able to control a company with current assets of Fixed deposits with licensed banks of RM 2.913mil and cash and bank balances of RM 24.410mil i.e. RM 9mil will control RM 27mil.. no wonder 565mil in Q buying. This is just theory, definitely will NOT be able to get 50% of NOSH at half a sen. Tq
@8899EL8899: IF YOU HAVE BOUGHT KGROUP SHARE AT 1SEN,.........CAN YOU MAKE MONEY ?.......BELOW ARE THE EXPLANATION :- 1.........YOU BOUGHT KGROUP AT 1SEN 2.........SHARE CONSOLIDATION 20 TO 1 3...........RIGHT ISSUE 5 FOR 1 CONSOLIDATED SHARE 4...........PRICE THE RIGHT SHARE AT 5SEN,........NOT AT 20SEN 5............TO MAKE YOU NOT SUBSCRIBE TO RIGHT ISSUE,......THEY WILL HAMMER THE CONSOLIDATED SHARE PRICE DOWN TO 5SEN 6.............THE BIG SHOTS WILL TAKE ALL THE RIGHT ISSUE SHARE AT 5SEN 7..............YOUR COST IS 20SEN,...........THEIR COST IS 5SEN,........WHO WANT TO BUY FROM YOU AT 20SEN ?
BLee: Hi @8899EL8899, as per today's trend for LKL and Saudee, the above scenario is NOT the case. LKL after consolidation price of 25 sen, today up 14.5sen to 42sen. Another question, how much shares needed to release to "hammer down to below the proposed RI price"? Agreed that if we don't take up the RI or buy "the hammer down price", we will have losses in dilution…or if we don't sell the RI Offer Rights if we don't want to inject more capital. We must act accordingly to mitigate any dilution of our investment. Happy Trading and TradeAtYourOwnRisk
High vol but price not moving.. Yesterday I also thought it will move up 1 notch as got 200k+ supporting at 0.01... Abit disappointed.. Feel like being scammed into this.. Lol..
THE RUBBISH BOSS SHAREHOLDING ONLY 6% NOW,.......IT IS ABOUT THE TIME FOR SHARE CONSOLIDATION,.......ANOTHER ROUND OF DUMPING, THEIR SHARE HOLDING WILL BE ZERO,.......
BUT THEY STILL HOLDING THE CASH OF KGROUP,.........DO YOU THINK THE RUBBISH BOSSES WILL PROTECT THE COMPANY CASH FOR YOU ?
@8899EL8899: THE RUBBISH BOSS SHAREHOLDING ONLY 6% NOW,.......IT IS ABOUT THE TIME FOR SHARE CONSOLIDATION,.......ANOTHER ROUND OF DUMPING, THEIR SHARE HOLDING WILL BE ZERO,.......
BLee: Hi @8899EL8899, how true is there any announcement of disposal until 6%? As per the last announcement of shareholding changes as at 10 Jan.,2022 is acquired by Director Roy Ho Yew Kee. The 7.354% holding could be diluted due to PP of 20% on 12 Apr.,2022. Another round of dumping when the price moves North and buying volume increases? I might be dumb by not noticing the dumping? If it moves further North, I might be doing the dumping? Happy Trading and TradeAtYourOwnRisk
@8899EL8899: …2 TIMES SHARE CONSOLIDATION 10 TO 1 MEAN 100 TO 1 SHARE CONSOLIDATION,........ CHEW YOU TO PIECES, UNTIL YOU ARE TOTALLY WIPE- UP,.........
BLee: Hi @8899EL8899, how true since NOT even once on consolidation 10 to 1 since 2013? Below are details of the historic Capital Changes: Date: 20 Oct 2020 Rights Issue/Offer Price: (MYR) 0.0500 Ratio (New:Existing): 1.0000 : 1.0000 FREE DETACHABLE WARRANTS IN KAG ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 1 RIGHTS SHARE SUBSCRIBED
Date: 27 Mar 2017 Rights Issue/Offer Price: (MYR) 0.0500 Ratio (New:Existing): 1.0000 : 1.0000 FREE WARRANTS IN KAG ("WARRANTS B") ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH ONE (1) FREE WARRANT B FOR EVERY TWO (2) EXISTING KAG SHARES
Date: 6 June 2013 Rights Issue/Offer Price: (MYR) 0.10 Ratio (New:Existing): 4.0000 : 2.0000 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF FOUR (4) RIGHTS SHARES TOGETHER WITH THREE (3) WARRANTS FOR EVERY TWO (2) EXISTING ORDINARY SHARES
As per details above, is it a 'bargain' at 1sen? Over almost 10 years, is it a consolidation of '2 TIMES SHARE CONSOLIDATION 10 TO 1 MEAN 100'? How about the gain from the Free Warrants? Is it true for other examples and NOT true for KAG? Time will tell, Happy Trading and TradeAtYourOwnRisk
================ Be aware that directors have the power to propose shares consolidation to reduce the NOSH and then raise more fund via rights issue as well as continue with shares issuance to PP & ESOS in near future.
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
Key Alliance has hit the lowest price it has traded for over the last year (52 week period). This is a technical indicator that can be used to analyze the stock's current value and predict future price movement.
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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....
chadoengor
160 posts
Posted by chadoengor > 2022-08-11 11:10 | Report Abuse
Any more goreng coming up? Syndicate sleeping or Directors scared already?