Posted by Good123 > 2 months ago | Report Abuse

Nta 8.3sen per share. Post share consol, nta rm1.66. Now ~20sen market price. Work with minority interest watchdog group to prevent directors stealing minority shareholders' money etc

Posted by Good123 > 2 months ago | Report Abuse

Mlabs: a growth stock .. quarterly sales UP, now with the islamic factoring even more convincing

a value stock NTA Rm1.66 (post share consol now), current price ~20sen. P/B value~0,12 dirt cheap

the caveat : the directors

Hopefully, the gang sells their stakes to a reputable party, its share price could rebound limitless, etc. :)

Posted by Good123 > 2 months ago | Report Abuse

MQ Trading Signals
Time

Signal

Duration

Type

2024-04-12 11:00:00

EMA 5

Hourly

BUY

2024-04-12 09:30:00

EMA 5

30 Mins

BUY

Posted by Good123 > 2 months ago | Report Abuse

NTA RM1.66 but current price is 20sen... MWDG must urge the directors on how to monetise to reward shareholders

Posted by Good123 > 2 months ago | Report Abuse

NTA RM1.66 per share now, jika directors curi pun masih sky high, with stronger surveillance by the authorities, which directors dare to steal, etc now? Directors committing fraud should be sentenced to death like Vietnam hopefully hehe

Posted by Good123 > 2 months ago | Report Abuse

RSI(14) Neutral 48.2
Stochastic(14) Oversold 16.7
Average Volume (3M) 2,304,800
Relative Volume 0.3

Posted by Good123 > 2 months ago | Report Abuse

after share consol, not much shares now. Market Cap RM14.5M based on 20sen now
Shares (mil) 72.47

Posted by Good123 > 2 months ago | Report Abuse

Live now:
63% BUY
37%SELL
2 70,900 0.195 0.200 194,400 6
11 635,500 0.190 0.205 312,500 13
9 602,900 0.185 0.210 200,000 9
6 569,700 0.180 0.215 300,000 8
1 200,000 0.175 0.220 200,000 2

Posted by Good123 > 2 months ago | Report Abuse

After 2.30pm today

Time Price Chg Vol
16:11:44 0.200 10,000
15:53:25 0.200 20,000
15:12:18 0.200 30,000
14:39:48 0.200 +0.005 1,600
14:39:04 0.195 19,100

Posted by Good123 > 2 months ago | Report Abuse

Tengok bursa ok with taktik lama geng tangan ghaib tak? Lepas syer consol, right issue pulak hehe

Jualkan semua quoted investments, dah more than cukup hehe

Posted by Good123 > 2 months ago | Report Abuse

Hope the authority would disallow the right issue. Macc should investigate, etc

Posted by Good123 > 2 months ago | Report Abuse

jika right issue tak jadi bagus... tengok pihak berkuasa akan menolak tak hehe

Posted by Good123 > 2 months ago | Report Abuse

hidden hand gang mau right issue, minta wang drp pemegang syer minoriti hehe

Posted by Good123 > 2 months ago | Report Abuse

there are some general concerns that regulators might consider when evaluating a company’s rights issue:

Dilution of Share Value: A rights issue can lead to a dilution of share value if it’s not managed properly. If the number of shares increases significantly without a corresponding increase in the company’s value, the price per share could decrease.
Financial Health: If a company is in poor financial health, a rights issue might be seen as a desperate attempt to raise funds, which could erode investor confidence.
Use of Proceeds: The company must clearly state how the proceeds from the rights issue will be used. If the use of proceeds is unclear or not in the best interest of the company and its shareholders, the rights issue might not be approved.
Fairness to Shareholders: The rights issue must be fair to all shareholders. If the rights issue is structured in a way that disadvantages certain shareholders, it might not be approved12.
Regulatory Compliance: The company must comply with all relevant regulations and disclosure requirements. If the company fails to do so, the rights issue might not be approved

Posted by Good123 > 2 months ago | Report Abuse

MB's son among six remanded over document forgery, false claims involving RM600,000
TheEdge Wed, Apr 24, 2024 03:33pm - 20 minutes



KANGAR (April 24): The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.

Magistrate Ana Rozana Mohd Nor granted the remand order for all suspects from Wednesday to Thursday, following a request from the MACC to conduct investigations under Section 18 of the MACC Act 2009.

According to sources, two civil servants from the MB’s Office and the State Secretary's Office were also detained, along with contractors and owners of various companies.

“The suspects are believed to be owners of companies, contractors, and civil servants in the State Secretary's Administration Office and the Perlis MB’s Office.

“All six suspects, aged between 26 and 37, were detained in Perlis between 7am and 8am yesterday (Tuesday),” he said.

He said the case is being investigated relating to document forgery in making false claims when the project in question was not carried out. The project involved maintenance, repair, supply, and service works starting from 2022 until now, estimated to be worth RM600,000.

Meanwhile, in Putrajaya, a senior director of the Special Operations Division of the MACC, Datuk Azmi Kamaruzaman, confirmed the arrest.

Posted by Good123 > 1 month ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1270735/allegations-of-insider-trading-surface-at-mgrc

Posted by Good123 > 1 month ago | Report Abuse

Tangkap1 by 1 hehe

Bursa Malaysia reprimands, fines former executive director of Advance Information Marketing https://www.thestar.com.my/business/business-news/2024/05/27/bursa-malaysia-reprimands-fines-former-executive-director-of-advance-information-marketing

Posted by Michael Kwok > 3 weeks ago | Report Abuse

Buy call mlab 21-22 cents
Never underestimate dap people.got money there sure goreng.
8/6/24 5.27pm

Posted by whistlebower99 > 1 week ago | Report Abuse

FOR NEWBIES

RENOUNCEABLE RIGHTS ISSUE OF UP TO 217,410,867 NEW ORDINARY SHARES IN MLABS ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 3 RIGHTS SHARES FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 2 JULY 2024 ("ENTITLEMENT DATE"), AT AN ISSUE PRICE OF RM0.16 PER RIGHTS SHARE, TOGETHER WITH UP TO 86,964,346 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE")

Date for commencement of trading of rights 03 Jul 2024
Date for cessation of trading of rights 11 Jul 2024

Acceptance and Payment 18 Jul 2024 05:00 PM
Excess share application and payment 18 Jul 2024 05:00 PM

Date for announcement of final subscription result and basis of allotment of excess Rights Securities 25 Jul 2024

Available/Listing Date 01 Aug 2024

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3456960

=================
Take note of important dates for the rights issue
Directors raising fund again from shareholders via shares issuance to RI
Look out for more fund raising via shares issuance to PP, ESOS

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Posted by whistlebower99 > 1 week ago | Report Abuse

FOR NEWBIES

Announced EX Date Subject Ratio Offer
18 Jun 2024 01 Jul 2024 Rights Issue (warrant) 3.0000 : 1.000 0.1600
19 Mar 2024 02 Apr 2024 Share Consolidation 1.0000 : 20.0000

After recent shares consolidation, directors busy with fund raising again via rights issue squeezing more money from shareholders

https://www.klsescreener.com/v2/stocks/view/0085/mlabs-systems-bhd

Multi year loss making penny stock

If directors continue to raise massive funds via massive shares issuance to PP, ESOS or RI,
NOSH will hit BILLION shares again 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 or asset acquisition