Quote from KYY : "Never buy any stock that has no good profit growth. Never buy any stock if it cannot report increased profit in the next few quarters." I will leave it to you to make your own judgement. If the advice is no good throw it out , if it is good keep it.
Unethical directors asking for money from shareholders again.
Share consolidation 10 to 1 means 10,000 shares become 1000 shares
Rights issue (with 3 free warrant) 6 for 1 at 10sen per share. Means will have to pay RM600 to pick up the rights
After completion these blood sucking directors will continue to issue shares for ESOS and Private placement and the total issued shares will shoot up to multi billion again.
Look at sanichi, netx and other stocks that did the same thing of consolidation and rights issue after the total issued shares increased to multi billion from shares issued to ESOS and Private placement.
Should move to any of the gloves counter. Would have been in front all in one week with a potential to grow in the future. Another thing, gloves are consumables (supposedly single use disposable ), while a test kit is a measuring equipment that can be reused.Tell me, which one will have a higher turnover. DYOA.
MOtouche!!! Let the syndicate directors goreng themselves and subscribe the rights themselves. Every retail investors must cooperate to send th unethical directors a clear message not to take advantage of us. Let them pay for the rights and raise money from their own pocket. Boycott all these lapsap stocks that keep issue shares to raise funds that will eventually be siphoned out.
Rights will be under subscribed as more retail investors are aware of the scam and avoid to trade these lapsap stocks like sanichi good example for all to see. Pr is worthless now.
It seems like directors already know nobody will subscribe to their rights, and prepared to burn the rights they picked up. They seems to take it that it is better off for them to manipulate their share prices for now.
Invest your hard earned money in other better stocks rather than buying the rights shares of this lapsap company. Let the directors and syndicate play their own game of fund raising. Don't contribute any sen to them.
With the influx of shares available after the RI, it is my believe that the price will be below 0.10. Don't take any notice (unless you are taking profit now hoping to buy back later at a cheaper price) of what they are manipulating before the RI. If it reaches 0.50 before the RI, do you sell or take the right. We were all thinking it will be 0.50 after consolidation, NOT below 0.20 !
If they want a good rights take up so as to generate a decent amount of injected capital they will have to push the price to at least 0.80 so investor will be enticed to take up the rights.
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....
Citadel9999
2,878 posts
Posted by Citadel9999 > 2021-04-23 10:08 |
Post removed.Why?