rubbish stocks,.......the big shot will keep issuing new share to themselves at very low price after they have disposed off their holding,.......they will siphon company cash away as well,.......just be cautious with this fintech syndicate
these big shots bought the right issue ,.........play the share price up,.......dispose off at higher price,.......make some quick profit,..........their intention is not to do business,....... but to issue more new shares for them to make profit,..........they will call for more private placement, employee options,........sell it to you,.........& share consolidation again
mtronic have a lot of cash in hand,.......this big cash will be siphon back into the big shots` pocket again by buying inflated asset at high price from them,.......at the end you only holding empty can company,.........toilet paper!
metronic,......what business are they doing?.........only big fools running the company,......do you expect any good results ?,.......i think it will end up the same like before, close to pn17 company
Operators already cornered WB doing right hand left transactions to attract retailers, punters, day traders to trade mother share
At 0.09, operators will make 50% as their cost is only 0.06. Plus the free warrants if sold at 0.06 or higher, they can easily make more than 100% from their investment in the rights issue fund raising exercise.
Multi year loss making high NOSH penny stock. Expect directors to issue more MOU, HOA, press release to excite and attract newcomers Expect directors to raise more fund via share issuance to PP, ESOS, asset acquisition, etc
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
=============== TAYOR, don't be left holding the shares or warrants at high price for years
I think this round operators not easy to trap the investors. They will loss lot of money due to WB bought from the retailers at high price. Game not over yet. Operators will create more “ good news “ to push up the mother shares and pass them to the retailers. May have second & 3rd wave
They are trying different strategy by grouping up loss making penny stocks to subscribe rights and excess shares using respective company fund raised from shares issuance to ESOS, PP or rights issue. The objective is to eventually sell their rights shares to retailers while they collect back their cash used in the rights subscription. End result is as though the company fund from the rights issue is contributed by retailers.
metronic have more than rm160mil. cash in hand,..........don`t be so happy,.......the money will end up in the big shots pocket again,.......mtronic business unlikely to change much,......they won`t use the cash to keep mtronic growing but to enrich themself,........the rm160mil. cash will be use to buy inflated assets from them,.......same like what they did in xox,.......today xox only worth 1.5sen per share
really shameful on this fintech crooks,.........already so rich, but still want to fool small investors money,.......if you want more money,........run the company business properly,.......invest wisely for the benefit of all,.......small investors will come to support you,......
fintech crooks should learn from DATO ONG CHOO MENG, DATO` CHIAU BENG TEIK,......they goreng their companies stock,.........at the same time they keep their company business growing ,........create more value for investors,........this is the leaders that small investor want,......
the big shots want to sell metronic at price of 9sen,......15sen.......30sen.....60sen......, it is possible, investors will pay for that price,....... if the big shots can lead metronic to do profitable business,........look at frontkn, it was few sen company, today few ringgit ,.....
if the big shots continue to do foolish things like in xox,......at 1sent per share, investor won`t buy,.......you can have it all
1. Changes in Sub. S-hldr's Int (Section 138 of CA 2016) M N C WIRELESS BERHAD
Particulars of substantial Securities Holder Name METRONIC GLOBAL BERHAD 1 04 Feb 2020 25,000,000 Acquisition of shares via open market Direct (units) 137,356,400 Direct (%) 12.063 Date of notice 06 Feb 2020
================= 2. Notice of Interest Sub. S-hldr (29A) NETX HOLDINGS BERHAD Particulars of Substantial Securities Holder Name METRONIC GLOBAL BERHAD Date interest acquired 16 Jun 2016 No of securities 51,242,720 Exercise of Rights Shares. Direct (units) 81,242,720 Direct (%) Date of notice 16 Jun 2016
===================== 3. Notice of Person Ceasing (29C) NETX HOLDINGS BERHAD Particulars of Substantial Securities Holder Name METRONIC GLOBAL BERHAD No of securities disposed 50,000,000 Disposal of shares through open market Date of notice 07 Nov 2016
================= Loss making penny stock supporting and investing in other loss making penny stocks More likely utilising company fund to buy at high price
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....
whistlebower99
5,255 posts
Posted by whistlebower99 > 2022-07-14 16:58 | Report Abuse
Mtronic warrant higher than mother
Bslcorp warrant higher than mother
Power game on
Continue tomorrow