The purpose to consol is to press down the price to 0.05 cts again. If shares not enuf, they will announce private placement and issue esos n bla bla bla
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.
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List of high NOSH penny stocks with shares consolidation :-
Announced EX Date Subject Ratio Offer 26 Dec 2023 10 Jan 2024 Share Consolidation 1.0000 : 30.0000 27 Feb 2020 13 Mar 2020 Rights Issue (warrant) 2.0000 : 1.000 0.0350 29 Aug 2017 12 Sep 2017 Share Consolidation 3 : 1 View 07 Sep 2016 20 Sep 2016 Rights Issue (warrant) 1 : 1 0.0600 View 20 Dec 2013 03 Jan 2014 Rights Issue (warrant) 1 : 1 View
===================== NOSH = 226,192,659 after share consolidation in Dec 2023
Expect directors to restart and continue massive fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
Expect NOSH to increase and shareholder equity % and EPS to be diluted with massive share issuance in near future
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI , asset acquisition, etc
=========== Expect Cindy Kate to play the price to attract & trap newbies, punters, fomo oldbies etc
After share consolidation (1:30) in Jan 2024, Current NOSH = 226,192,659
Expect directors to go for massive fund raising via shares issuance to Rights issue if directors unable to consistently generate profits from businesses
=========== Remember change of name Name not lucky or smelly, need to change to another name? Directors remain unchanged? Business remain losses every year?
Company that shows these symptoms, be very careful not to touch....
1. Keep changing external auditor . 2. Keep changing financial years often to delay issue annual report 3. Accountant/financial controller RESIGNS faster high frequency trading . 4. ACCOUNT RECEIVABLE is unusually high vs account payable. Money stuck or goods sold to cronies. 5. Keep printing billions of shares(ESOS/RI/PP) to suck cash from shareholders. 6. Embroiled in court cases often to "sue" a third party for not paying the debts. The 3rd party may be the cronies in cohort actually 7. Qtrly revenue almost zero over past 10 years. 8. The company seems to take huge bank loan, or 2 years later issue huge right shares "for working capital and pay bank borrowing". This one most common tricks by banks to recover bad loan from listed company. 9. ‘Meteoric’ rise in both revenue and profits DESPITE industry outlook, are also red flags. Say industry average growth is 5%, but this guy shows 50% growth, per year 10. Sells its product to one customer. Obviously it is easier to be in cohhort with one party instead of many parties. Goods sold become huge bad debts 11. The company buys few FERARI for its directors...Megan Media... 12. Cash flow and profit imbalance. If its getting wider year by year, avoid. 13. Reports FAKE revenue of billions,fake growth......to sell their bonds. China developer Evergrande 14. Tyco International USA. CEO and CFO siphon off $150m USD via loans to directors. Beware of some listed NON-FINANCIAL company also having money lending license. EKRAN Ting Pek King, took 700m from Ekran via the company money lending license. $700m was never paid back. MACC cannot take action becos it is normal business transaction. 15. Ekran holding money lending license. Lend 700m to Ting Pek Kim via is money lending facilty. $700m never come back . NETX holding also have money lending license. Why?. 16. The company buy a $5m asset, MAKE A FOOL OF THE FOOL PAYMENT OF $5M, while due dilligence is going on. 17. The compny has no revenue but issue lots of "bond", Right issue ,ESOS, PP. which are basically a type of "IOU/bond" to the retailers. 18. The company change its name ? Have you seen Public bank or Sime Darby or TM changing names , at all? Be cautious and run once you see this happen
“JJPTR > Company that shows these symptoms, be very careful not to touch....”
Good compilation, give you a ‘like’… On item “4. ACCOUNT RECEIVABLE is unusually high vs account payable. Money stuck or goods sold to cronies.” is a bit debatable. If it is reported in Non-Current Assets, the Term for collection is long. If it is in Current Assets, the Term is short. The reverse is the truth for Liabilities. If high value payable in Current Liabilities, the Cash in-hand much lower, then really Don't touch.. When investing, we must look at every angle, recently an example of an excellent counter with good EPS and Dividend Yield; two major shareholders sold out due to Resignation of Auditor. It is an investment risk of the unforeseen, that makes share investing interesting. Will keep some of your points in mind for further discussion, Happy Trading and TradeAtYourOwnRisk
To continues, items need approval and with option as shown below: “2. Keep changing financial years often to delay issue annual report”… Approval needed with Good Reason. Many Good Counters seek Approval due to Pandemic “5. Keep printing billions of shares(ESOS/RI/PP) to suck cash from shareholders”… Option of Not Subscribing for RI. I am Speechless for ESOS and PP as Shareholders No direct option to reverse the dilution. If afraid of Dilution, can always buy from the open Market if below subscription value. I have done this many times, sold the RI-OR and used the proceeds to reinvest at a lower price of the RI.. Please continue and hope for ‘a good discussion’...
The Board of Directors of AT Systematization Berhad ("the Company") wishes to inform proposing to change its name from "AT Systematization Berhad" to "Erdasan Group Berhad" ("Proposed Change of
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....
Icon 888
2,297 posts
Posted by Icon 888 > 2024-03-06 00:06 | Report Abuse
Fully avoid