go to buy in mtronic 0043, now have a news, lee kim yew buy big shareholding want to take over company, he want push up higher price, now is 0:065 cheap buy .
Crazy of the stupid staff to subscribe for SIS at 10cts when they can buy in market at 6cts........unless Lim Kok Hoong is also stupid to sign a MOU with Inix...
KUALA LUMPUR (Aug. 22): Ainis (INIX, 0094, GEM) recommended private placement of up to 37.54 million new shares, equivalent to 10% of the enlarged share capital, raising at least RM1.41 million for working capital and potential business start-up funds.
The company reported to the exchange yesterday that it is estimated to be able to raise at least RM1.41 million at a price of 5.2 cents per share, most of which is used as working capital.
In addition, the private allocation will be used as a potential business opportunity, the initial fee for the acquisition of Aircomaster Sdn Bhd's shares, and private placement fees.
Anis signed a memorandum of understanding in May this year and plans to acquire all shares of Aircomaster.
Ainis, who has reported losses in the past three fiscal years, has faced the problem of insufficient funds to further increase the difficulty of lending to banks.
As a result, the company has identified several business opportunities that are expected to improve the financial situation and have appointed experts to conduct a sophisticated audit to assist the board of directors in making decisions.
When Anis closed the market, it closed flat and closed at 5.5 sen, with a trading volume of 3.52 million shares.
When Might Inix Technologies Holdings Berhad Run Out Of Money? A company’s cash runway is calculated by dividing its cash hoard by its cash burn. When Inix Technologies Holdings Berhad last reported its balance sheet in July 2019, it had zero debt and cash worth RM486k. Importantly, its cash burn was RM2.9m over the trailing twelve months. That means it had a cash runway of around 2 months as of July 2019. To be frank we are alarmed by how short that cash runway is! You can see how its cash balance has changed over time in the image below.
NIX Technologies Holdings Bhd has signed a memorandum of agreement (MoA) with RLONG TUO International Watch, a well-known luxury Chinese diamond watch company and Gk Global Group, a Korean cell therapy company, to create a new e-commerce platform.
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....
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Posted by 2388382304556510 > 2019-07-18 16:37 | Report Abuse
Janji dia ada gerak.... ha..ha..ha...