Another Big Scam...drop from 7 to 3 after proposal, consolidate 10-1 at 3cts to 30 cts....now 22.5cts......RI later at 15cts .....nonsensical as to how such approval was granted...MACC should check DATUK PANG...for the sake of so many innocent shareholders who lost so much money...
After consolidation, Sanichi still have about RM136 million Cash in Hand against 200,471,911 shares with a market cap of RM44 million....no need RI of 6 for 1 cash lah....
Seems a lot of people oversold. Selling at below 25cents after 10:1 consolidation. Thought making huge profit. Before consolidation (on the last day, it was 3 cents buy & 3.5 cents sell ) Now its below 2.5 cents. I Q 2 weeks at 2.5 cents and did not managed to buy a single lot. Now is below 2.5 cents
Rights issue of 6 shares and 3 free warrants for every 1 share. Rights price is 8sen per share. Shareholders have to dig into pocket again to contribute to fund raising by useless unscrupulous and unethical directors.
Rights issue of 6 shares and 3 free warrants for every 1 share. Rights price is 8sen per share. Shareholders have to dig into pocket again to contribute to fund raising by useless unscrupulous and unethical directors. THE RIGHT ISSUE WITH FREE WARRANTS IS NOT EVEN CONFIRM YET. NEED EGM TO APPROVE. NEED TO APPOINT INVESTMENT BANK. GOT TO GORENG UP 1ST BEFORE COMING OUT WITH CIRCULAR.
Retailer better not to subscribe for the rights issue. Look at netx which did the same things of share issuance for esos and private placement and followed by share consolidation and rights issue. Now the share price is lower than the rights subscription price.
After raising cash from rights issue they will start again to issue shares for esos and private placement to raise more funds. They will find ways to siphon the funds like investing in other friendly penny stock company shares and end up with losses.
To start d game rolling, it might hav to create connections w FINTECH, then mik d public announcements dey will involve into glove making or healthcare related biz. Then ony come to pp & ESOS, folo by consolidations.....
So many penny stock companies taking opportunities to raise fund by share issuance to esos and private placement and then followed by share consolidation and rights issue to raise more funds from shareholders. These monies might be siphon out by various method like buying shares at high price of another penny stock company and sell at nig losses.
Useless unethical directors only good in issuing shares to raise funds to siphon out through deceptive ways instead of focusing on generating revenue and profits for company and shareholders.
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....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-04-06 22:36 | Report Abuse
Still selling snake oil...!