Remember Listed as The Media Shoppe Berhad on 08 December, 2004 , then change name to SKH Consortium on 03Feb 2016 and then change name again to Vortex Consolidated Berhad On 07 Sept,2018....Originally was supposed to be Internet Specialist and the historical JV with China ZTE in 2010s which created havoc and mother and son shares same value....looks like can happen again as history at times repeat itself...
I m in for long term but if justify with my profits and objective giving 100% gain, still need to adjust positions.If VC buisness very good can stay long.
What Alibaba 108 outline possibility of VC increase 7 times is not unrealistic. Just look at MYSCM a company previously CSY is a substantial shareholder. On 1 July MYSCM closed at $0.14 August 7 MYSCM closed at $1.16 more than 7 times the price on 1st July. I believed many MYSCM would have kicked themselves for having sold too early. Can you imagine if you hold 1,000,000 MYSCM @ $0.14 on 1 July 38 days later it is worth $1,400,000 Mindboggling. Don't be too hurry to take profit of VC & VC-WB MYSCM WA was $0.035 on 1 July Augudt 7 MYSCM -WA closed at $0.99 Please hold tightly to your VC & VC'WB
If we don't take profit too early new buyers need to chase up the price further. For VC-WB only 60M shares. Assuming 15M shares are in hands of strong holders who are not selling. Only 45M available in open market. Even easier to push up faster. Buy & hold tightly VC-WB
Profile for Securities of PLC VORTEX CONSOLIDATED BERHAD Instrument Category Securities of PLC Instrument Type Preference Shares Description VORTEX CONSOLIDATED BERHAD (FORMERLY KNOWN AS SKH CONSORTIUM BERHAD) ("VORTEX" OR THE "COMPANY")
ISSUANCE OF NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN VORTEX ("ICPS") TO THE ENTITLED SHAREHOLDERS OF VORTEX PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 914,828,766 ICPS ON THE BASIS OF 3 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN VORTEX ("VORTEX SHARE(S)" OR "SHARE(S)") HELD AS AT 5.00 P.M. ON 12 APRIL 2019 ("ENTITLEMENT DATE") AT AN ISSUE PRICE OF RM0.05 PER ICPS ("RIGHTS ISSUE OF ICPS") Listing Date 15 May 2019 Issue Date 07 May 2019 Issue/ Ask Price Malaysian Ringgit (MYR) 0.0500 Issue Size Indicator Unit Issue Size in Unit 914,828,754 Maturity Mandatory Maturity Date 06 May 2024 Revised Maturity Date Name of Guarantor Not Applicable Name of Trustee Not Applicable Coupon/Profit/Interest/Payment Rate Vortex has full discretion over the declaration of dividends, if any. Dividends declared and payable annually in arrears are non-cumulative and shall be in priority over the Vortex Shares. Coupon/Profit/Interest/Payment Frequency Not Applicable Redemption Not Applicable Exercise/Conversion Period 5.00 Year(s) Revised Exercise/Conversion Period Not Applicable Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.1500 Revised Exercise/Strike/Conversion Price Not Applicable Exercise/Conversion Ratio 3:1 Revised Exercise/Conversion Ratio Not Applicable Mode of satisfaction of Exercise/ Conversion price Tendering of securities Settlement Type/ Convertible into Physical (Shares)
Remarks : The ICPS may be converted into new Vortex Shares at the conversion price of RM0.15 ("Conversion Price") in the following manner:
(i) by surrendering for cancellation the ICPS with an aggregate issue price of the ICPS equivalent to the Conversion Price, subject to the conversion ratio of the ICPS at a minimum of 1 ICPS and up to a maximum of 3 ICPS ("Conversion Ratio"); and
(ii) by paying the difference between the aggregate issue price of ICPS surrendered and the Conversion Price, if any, in cash, for every 1 new Vortex Share.
Premised on the terms of the ICPS, the ICPS can be converted into new Vortex Shares at any time within 5 years commencing on and including the date of issue of the ICPS up to and including the maturity date (as indicated above), as determined by the Conversion Ratio and Conversion Price. Any remaining ICPS that are not converted by the maturity date shall be automatically converted into new Vortex Shares at the conversion ratio of 3 ICPS for 1 new Vortex Share.
If the conversion results in a fractional entitlement to Vortex Shares, such fractional entitlement shall be disregarded and no refund or credit, whether in the form of the ICPS, cash or otherwise, shall be given in respect of the disregarded fractional entitlement.
This announcement is dated 14 May 2019. Announcement Info Company Name VORTEX CONSOLIDATED BERHAD Stock Name VC-PA Date Announced 14 May 2019 Category Listing Information and Profile Reference Number LIP-13052019-00002
Tomorrow stanby to fly.. we just support VC and still holding 4ever....i think tomorrow can touch Rm0.100 cents and more and more.... Hopefully if we still holding.
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....
WaaTakTahu
975 posts
Posted by WaaTakTahu > 2020-08-07 16:21 | Report Abuse
Ali Ali ba ba,
who the hell do you think you are?
You are just a beggar.
Here, and out there, too many are richer than you.
Steal & Rob is your only professional lah.
Stupid Idiot, got no brain one.
I am so said that your dad and mum have you
Society Rubbish