Posted by whistlebower99 > 2024-06-07 23:58 | Report Abuse

After share consolidation, directors can start fund raising again via shares issuance to PP, ESOS or RI to increase NOSH to multi billion shares. Then repeat the process by doing shares consolidation again.

Posted by whistlebower99 > 2024-06-10 09:27 | Report Abuse

FOR NEWBIES

MQ TECH is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 7 June 2024.

===================
Be careful if holding high NOSH low price penny stocks for long term

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

Long term shareholders holding at high prices will incur huge losses from share consolidation

List of penny stocks with shares consolidation :-

2024 in progress - MQTECH, XOX, DESTINI, VIZIONE, KGROUP
2024 completed - AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

Posted by whistlebower99 > 2024-06-10 09:31 | Report Abuse

What could be the reason i3investor admin deleted above posting?
Is it against any rules and regulations to post factual information?

Posted by cK1973 > 2024-06-10 11:57 | Report Abuse

still waiting at 1c.....
stay tune guys....

Posted by cK1973 > 2024-06-10 18:11 | Report Abuse

Closing at 1c.....
But can't get any tickets.......
Lock ka???

Posted by Vicky > 2024-06-10 22:20 | Report Abuse

One day before share consolidation ikan billis will sell off then can get 1c or even 0.5c Buy more ya...

Posted by Vicky > 2024-06-12 19:03 | Report Abuse

The rise of data center requires millions of hard drive. So why Mqtech the hard drive manufacturer did not seize this opportunity ?

Posted by Vicky > 2024-06-12 19:04 | Report Abuse

Dato' Nurul need to wake up Mqtech as semi con is booming in Malaysia.

Posted by Vicky > 2024-06-12 19:10 | Report Abuse

Mqtech should be rallying by now as tech counter is shootting up with google data centers

Posted by Vicky > 2024-06-12 20:18 | Report Abuse

https://klse.i3investor.com/web/blog/detail/JCYNotion/2024-06-11-story-h-159728520-JCY_Notion_Dufu_How_many_physical_hard_disks_needed_in_one_Data_Center

Posted by Wan Nee > 2024-06-13 14:29 | Report Abuse

change director...useless dato nurul

Posted by cK1973 > 2024-06-13 17:17 | Report Abuse

still at 1.5c.....
no chance at all to buy at 1c......
consolidation ka????

Posted by Vicky > 2024-06-14 17:31 | Report Abuse

This is the reason why consolidation must be implemented asap. High queing for penny stock is illiquid. All jammed at 1c and 1.5c. As a results price not moving at all. Pray that Dato' will do consolidation asap then price will move up and down like a pro.

Posted by cK1973 > 2024-06-17 10:22 | Report Abuse

let's see how soon this can be done....
at 1-1.5c due to heavy volumes......
it's better to reduce the volumes and make the price more attractive....

Posted by cK1973 > 2024-06-18 17:47 | Report Abuse

still 1.5c....
control...control.....

Posted by Vicky > 2024-06-20 16:01 | Report Abuse

Forget about selling &buying. Wait for share consolidation 1:10. Then will be 15 cents..

Posted by Vicky > 2024-06-21 20:03 | Report Abuse

Unless Mqtech has a good initiative in today's digitalisation like Notion, JCY, K1, SNS. Apparently the company did not announce any company initiatives to spike the company shares up !

Posted by cK1973 > 2 months ago | Report Abuse

everyday, there is a hope....
recent years, this counter has not done any major business venturing....
no doubt it's a IT base company and can be related to DC....
unfortunately they did not initiate anything at the moment....

Posted by cK1973 > 2 months ago | Report Abuse

we had seen them venturing into gloves during the C19 pandemic....
almost done the deal with latexx but unfortunately nothing concrete happened....
perhaps this round they dare not declare anything...
cause might see another failure in their business undertaking....
so I would say and surmise that this company at the moment is heeding nowhere.....
so it's more of a pure speculating counter for traders .....

Posted by cK1973 > 2 months ago | Report Abuse

most companies who have initiated the DC....
you can see the prices all move above 40 (some came down after touching 40)....
that's the trend at the moment....
so this company is definitely not into DC......
we have to move on and don't stay too long here....

Posted by Vicky > 2 months ago | Report Abuse

I think there are some resignations from the senior management recently. The GM did not perform and get sacked. New management will focus on the new trend of investment.

Posted by whistlebower99 > 2 months ago | Report Abuse

FOR NEWBIES

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 :-

2024 in progress - HM, MQTECH, XOX, DESTINI, VIZIONE, KGROUP
2024 completed - AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

Retail investors trapped at high price incurred huge losses caused by share consolidation

Posted by Faiza > 2 months ago | Report Abuse

siapa cepat dia dpt 1 ct

Posted by Faiza > 2 months ago | Report Abuse

force selling?

Posted by Wan Nee > 2 months ago | Report Abuse

high vol ..what happen?

Posted by Mohd Qadri Abdul Rani > 2 months ago | Report Abuse

Rumours??

Posted by cK1973 > 2 months ago | Report Abuse

consolidation is imminent.....
only way for the price to go up in the future...
nosh 1.6bil is too huge at the moment....
wait till consolidation process takes place...
perhaps might be like MMAG and sudden surge high....
no one knows cause it's penny stock aka gambling counter ma....

Posted by whistlebower99 > 2 months ago | Report Abuse

FOR NEWBIES

MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY")

(I) PROPOSED SHARE CAPITAL REDUCTION;

(II) PROPOSED SHARE CONSOLIDATION; AND

(III) PROPOSED ISSUANCE OF BONDS

(COLLECTIVELY REFERRED TO AS "PROPOSALS")
We refer to the announcement made on 7 June 2024 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board, Mercury Securities wishes to announce that the application in respect of the Proposals has been submitted to Bursa Securities on 10 June 2024.

This announcement is dated 10 June 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3454849

https://www.klsescreener.com/v2/stocks/view/0070/mq-technology-berhad

Check P/L

=============
Be reminded of impending share consolidation exercise proposed by directors

Posted by Vicky > 2 months ago | Report Abuse

Wait until cow come home and l am still waiting for share consolidation so that Mqtech is tradeable. Company income gaining traction is a good sign. Bear in mind Mqtech core business complement data center business and will realise the benefits when Malaysia data center in full swing !

Posted by cK1973 > 2 months ago | Report Abuse

have to wait....
hopefully is soon....
10 to 1??

Posted by Faiza > 2 months ago | Report Abuse

after consol, capital down to 160M
50 to 70, np

Posted by Limo123 > 1 month ago | Report Abuse

When the share conso will be done?

Posted by Vicky > 1 month ago | Report Abuse

Sayang Mqtech. Whether rain or shine just around 0.01 and 0.015. Cool aje. Otherwise should be around 0.0005 or 0 ! Hahahaha....

Posted by Faiza > 1 month ago | Report Abuse

multiple proposals approved. now 1 ct may hard to come by?

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD

Information Compiled By KLSE

Particulars of Director
Name MR TERENCE CHEAH EU LEE

========
Director selling down his shareholding
Director with the same name sold all his shares in JIANKUN
What’s happening next?

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD

Information Compiled By KLSE

Particulars of Director
Name MR TERENCE CHEAH EU LEE

========
Director selling his shares
Same director selling his shares in jiankun
What’s happening next

Posted by Vicky > 1 month ago | Report Abuse

As usual. Director sudah retired and need to rest. New director to take over soon.

Posted by Vicky > 1 month ago | Report Abuse

Stay calm. Share consolidation is to ensure capital improvement and also good for investors due to tradeable stock prices. Destined to spike a few more times than the original price.

Posted by Vicky > 1 month ago | Report Abuse

They are making mould for HDD and for AI and data center business. If data center/AI is fully materialised Mqtech will be part of the beneficiary somehow or rather. Stay tuned.

Posted by Lee Ying Yee > 1 month ago | Report Abuse

capital from 700m up to 1640m pp esos , and the end 10 consolidation to 1 ???

Posted by Vicky > 1 month ago | Report Abuse

Mqtech better than Technax which is 20 consolidation to 1. In addition its core business is in line with data center business by making mould for HDD. EGM is on 9 Sept & can ask the company future undertakings.

Posted by Vicky > 1 month ago | Report Abuse

If Malaysia GDP forecast 5.9% growth with its data center business, Mqtech will be part of the beneficiaries of this initiative

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

(I) PROPOSED SHARE CAPITAL REDUCTION;
(II) PROPOSED SHARE CONSOLIDATION; AND
(III) PROPOSED ISSUANCE OF BONDS

On behalf of the Board, Mercury Securities wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 7 August 2024, resolved to approve the following:

(i) Proposed Share Consolidation; and

(ii) Listing of up to 327,109,900 new MQ Tech Shares to be issued pursuant to the conversion of the Bonds.

This announcement is dated 7 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3471639

=================
Share consolidation and fund raising via bond issuance approved
Coming soon !!!

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

CIRCULAR TO SHAREHOLDERS IN RELATION TO
(I) PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") OF RM50.00 MILLION PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED SHARE CAPITAL REDUCTION");
(II) PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN MQ TECH ("MQ TECH SHARES" OR "SHARES") INTO 1 MQ TECH SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION"); AND
(III) PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE BONDS ("BONDS") WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM150.00 MILLION ("PROPOSED ISSUANCE OF BONDS") (COLLECTIVELY REFERRED TO AS "PROPOSALS")

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3473940

==============
Share consolidation and more fund raising coming soon !!!

https://www.klsescreener.com/v2/stocks/view/0070/mq-technology-berhad

Posted by whistlebower99 > 1 month ago | Report Abuse

FOR NEWBIES

Changes in Director's Interest (Section 219 of CA 2016)
MQ TECHNOLOGY BERHAD

Particulars of Director
Name MR TERENCE CHEAH EU LEE

Directors continue to dispose

https://www.klsescreener.com/v2/announcements/view/7679817

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474457

=================
Share consolidation and fund raising via bond issuance coming soon !!!

Posted by cK1973 > 1 month ago | Report Abuse

wait and see after consolidation....
stay tune guys.....

Posted by cK1973 > 1 month ago | Report Abuse

not yet consolidate ka????
wait....

Posted by Vicky > 1 month ago | Report Abuse

Belum. Getting approval from me as shareholder on 9 Sept meeting first...

Posted by cK1973 > 4 weeks ago | Report Abuse

ok well noted....
better do it fast.....
10 to 1......

Posted by Faiza > 3 weeks ago | Report Abuse

today egm approved
consol in a month time?