CFM recently has a MOU with a Thai subsidiary company to produce EV batteries. PCH is a substantial shareholder of both CFM & Sanichi Will Sanichi eventually also benefit from this MOU?
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show Multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
At RM0.02 Sanichi market capitalization is only RM28M . RM0.02 I believed is the lowest market price in Sanichi history despite the fact that Sanichi financial health is now the best ever with total assets at RM370M. Ridiculous valuation!
Sanichi just released its financial results. Revenue increased compared to last year. Losses also less. Still have cash of RM124M which is good. NTA RM0.19 Sanichi still financial healthy. Even at RM0.025 still substantially undervalued.
Don't understand why there are still so many sellers que to sell at RM0.02. At this price definitely lose money. Sanichi holds 7.2% of BCMall, 14.18% of BSL & 13.41% of PDZ. When these companies prices recover Sanichi will reap handsome profit. Sanichi is future king maker. Sell at RM0.02 sure will regret later .
I noticed whistblower99 that you are in BCMall, BSL, Mtronic, PDZ, MNC, Focus & many more penny stock companies chat groups under the pretext of advising newbies by painting a negative picture of all these companies. Are you being paid to frighten shareholders of all these companies? Are all these companies candidates for PN17 status? Many of these companies have strong balance sheet and good tangible assets.
Be careful trading loss making low price penny stocks, even after share consolidation and fund raising via rights issue
PASUKGB did share consolidation twice within 2 years
Check CAPITAL CHANGES of PASUKGB:- Announced EX Date Subject Ratio Offer 03 Apr 2023 17 Apr 2023 Share Consolidation 1.0000 : 10.0000 04 Jun 2021 18 Jun 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.1000 25 May 2021 09 Jun 2021 Share Consolidation 1.0000 : 10.0000
=================== Another massive share disposal by SANICHI directors Expect another massive losses Directors might resort to fund raising via shares issuance again if company fund runs low
Notice of Person Ceasing (Section 139 of CA 2016) PDZ HOLDINGS BHD Particulars of Substantial Securities Holder Name SANICHI TECHNOLOGY BERHAD Address Unit 27.2, Menara 1MK, Kompleks 1 Mont Kiara, No. 1, Jalan Kiara, Mont Kiara, Kuala Lumpur 50480 Wilayah Persekutuan Malaysia. Company No. 200401023320 (661826-K) Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Name of registered holder SANICHI TECHNOLOGY BERHAD Address of registered holder PLO 135, Jalan Cyber 5, Kawasan Perindustrian Senai, Fasa 3, 81400 Senai, Johor Date of cessation 21 May 2024 No of securities disposed 34,000,000 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of shares via open market
========= Huge losses caused by Sanichi directors in penny stock speculation. Decrease in shareholders fund raised from shares issuance to PP, ESOS and RI Money can flow out from company fund to others!!!! When company fund runs low, directors would raise fund via shares issuance to PP ESOS or RI again
Announced EX Date Subject Ratio Offer 09 Apr 2021 22 Apr 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.0800 22 Mar 2021 02 Apr 2021 Share Consolidation 1.0000 : 10.0000 05 Nov 2018 16 Nov 2018 Rights Issue (warrant) 2 : 1 0.1000 18 Aug 2017 30 Aug 2017 Share Consolidation 3 : 1 31 May 2016 10 Jun 2016 Rights Issue (warrant) 2 : 1 0.1100 04 May 2016 17 May 2016 Share consolidate 4 : 1
Look at Annual P/L and Capital Changes in above link
Directors did 3 shares consolidation exercise and 3 fund raising rights issue since 2016 !!! Retail shareholders incurred huge losses due to share consolidation
============= Multi year loss making penny stock After the last share consolidation, directors continue fund raising via shares issuance to PP, ESOS.
NOSH = 1,403,095,559 exceeded 1 BILLION shares again !!!
================== 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
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 :-
Announced EX Date Subject Ratio Offer 09 Apr 2021 22 Apr 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.0800 22 Mar 2021 02 Apr 2021 Share Consolidation 1.0000 : 10.0000 05 Nov 2018 16 Nov 2018 Rights Issue (warrant) 2 : 1 0.1000 18 Aug 2017 30 Aug 2017 Share Consolidation 3 : 1 31 May 2016 10 Jun 2016 Rights Issue (warrant) 2 : 1 0.1100 04 May 2016 17 May 2016 Share consolidate 4 : 1 View 15 Aug 2014 27 Aug 2014 Rights Issue (warrant) 3 : 2 View 31 Jan 2013 15 Feb 2013 Rights Issue (warrant) 1 : 1 View 10 Dec 2012 20 Dec 2012 Others 5 : 1 View
===================== NOSH = 1,403,095,559 approaching 1.5 BILLION shares again after share consolidation & massive fund raising via Rights Issue in Apr 2021
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
Types of corporate proposal ESOS No. of shares issued under this corporate proposal 240,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0160 Latest issued share capital after the above corporate proposal in the following Units 1,643,095,559 Listing Date 19 Aug 2024
================= Directors continue to raise more fund via massive shares issuance at cheap cheap low price NOSH continue to rise above 1.5 BILLION shares
Retail shareholders equity & continue to be diluted
Will there be another share consolidation in near future ???
So soon another share consolidation by directors!!!!
SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY")
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED SHARE CAPITAL REDUCTION; AND (III) PROPOSED VARIATION
(COLLECTIVELY, THE "PROPOSALS") On behalf of the Board of Directors of the Company, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:
(i) proposed consolidation of every 10 existing ordinary shares in Sanichi (“Sanichi Shares”) into 1 Sanichi Share (“Proposed Share Consolidation”);
(ii) proposed reduction of the issued share capital of Sanichi pursuant to Section 117 of the Companies Act 2016 (“Proposed Share Capital Reduction”); and
(iii) proposed variation to the utilisation of proceeds previously raised from the rights issue with warrants exercise undertaken by the Company that was completed on 28 May 2021 (“Proposed Variation”).
Further details of the Proposals are set out in the attachment below.
This announcement is dated 4 October 2024.
======== Retailers kept being squeeze by directors action
This will be the 5th time of shares consolidation since Dec 2012. No authority to investigate the actions of directors to continue squeezing the shareholders especially the retailers.
Teach u all Conso again pls do complain to bursa,try send email to complain, really unfair to all ur minority shareholders,If you dont want to end up like ikan bilis, please voice up to Chairman@bursamalaysia.com SID@bursamalaysia.com RMCChairman@bursamalaysia.com
What? 6 times already dcing consolidating conjob? Must be very very very wrong about this company. you touch you die also involved in this SANICHI are BCM, MNC. BCM, MNC, SANICHI......make sure not a single share in your portfolio
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 22 October 2024, approved the Proposed Share Consolidation
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....
8899EL8899
2,264 posts
Posted by 8899EL8899 > 2022-11-06 10:29 | Report Abuse
LOOK LIKE THE BIG BOSSES WANT TO SUCK SANICHI `S RM154MIL. OUT AGAIN,......TRULY A RUBBISH COMPANY !