for those that didn't exit at 10sen. Now lost 75% looking the quantities....next move is consolidate....10 : 1 so that 25sen can drop to 2.5sen again with more PP and RI.
Then, u can extend ur lost to 97.5%.
If u start with RM10K investment at 10sen. Now left RM2.5K. If they consolidate to 25sen and drop to 2.5sen. You will be left with RM250. You successfully wipe 97.5% of the portfolio.
Just in case you think it's not possible. Think again when it was 10sen, 2.5sen seems impossible. That time got quite alot ppl against naysayer. Look where we are now. Company that has no plan to do business. There IS NO BOTTOM.
Types of corporate proposal ESOS Details of corporate proposal Employees' Share Option Scheme No. of shares issued under this corporate proposal 200,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0275 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 4,145,664,574 Issued Share Capital ($$) Malaysian Ringgit (MYR) 385,098,390.820 Listing Date 07 Jul 2021
------------------------------------
Types of corporate proposal ESOS Details of corporate proposal Employees' Share Option Scheme No. of shares issued under this corporate proposal 30,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0300 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 4,175,664,574 Issued Share Capital ($$) Malaysian Ringgit (MYR) 386,838,390.820 Listing Date 21 Jul 2021
--------------------------------------
Types of corporate proposal ESOS Details of corporate proposal Employees' Share Option Scheme No. of shares issued under this corporate proposal 100,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0250 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 4,275,664,574 Issued Share Capital ($$) Malaysian Ringgit (MYR) 389,338,390.820 Listing Date 30 Jul 2021
-------------------------------------------
Types of corporate proposal ESOS Details of corporate proposal Employees' Share Option Scheme No. of shares issued under this corporate proposal 100,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0225 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 4,375,664,574 Issued Share Capital ($$) Malaysian Ringgit (MYR) 339,029,930.320 Listing Date 16 Aug 2021
---------------------------------------------
Dig here for more ESOS in previous months of 2021 :
0.02 cents also need to issue PP . Why the taker so cheapskate. PP price 0.015 or 0.01? A discounted price of 0.005 to 0.01 ? Really interesting to see who is the taker. For those bilis out here. Stop buying 0.025. You will not get to sell 0.03. The fact is you will not able to buy 0.02 .
BUT now , lower target price if you are a trader. Stop park buying at 0.02. Because if i m the PP taker, i will slowly start selling 0.02. Then get PP @ 0.015 or 0.01. 855132990 units x 0.01 profit =8551229.90 . Instant over 8 million. Sell first. Buy back later (PP)
Probably this could be same trick use for all those ESOS penny stock. Before the ESOS, sell first my million holding . Then buy back cheaper. Then sell again , then buy back... Gaining while price keep dropping. As long as ESOS price also keep drop.
They use related to buy each other’s shares and trf out funds out easily to buy those overvalue shares from diff shareholders when price high… loser is still those keep believing it and they keep issuing new shares for funds..:)
@JK22: Probably this could be same trick use for all those ESOS penny stock. Before the ESOS, sell first my million holding . Then buy back cheaper. Then sell again , then buy back... Gaining while price keep dropping. As long as ESOS price also keep drop. 28/08/2021 12:55 AM
1) Fintec issued ESOS for 21 times. Issued 1,531,452,600 shares valued at RM80,168,603; highest 9.25sen and lowest at 2.5sen; average 5.2sen per share. 2) 4 May 2020 - issuance of 82,110,000 new Shares at an issue price of RM0.0361 per Share valued at RM2,964,171. 3) 15 July 2020 - issuance of 100,000,000 and 182,144,000 new Shares at the issue price of RM0.0535 and RM0.0711 respectively. Total value of RM18,300,438.40; average 6sen per share. 4) 28 Dec. 2020 - issuance of 1,432,718,739 new Shares at an issue price of RM0.08 per Share valued at RM 114,617,499.12. 5) Feb. 2021 - Exercise of 48,000 Warrants C at the exercise price of RM0.08 valued at RM3,840 6) Apr. 2020 to LPD - issuance of 112,805,034 and 20,084,396 new Shares at the ICPS conversion price of RM0.16 and RM0.11 respectively. Total value of RM 20,258,089; average 15.2sen per share. Grand total: 3,461,362,769 shares valued at RM236,312,640.02; average 6.8sen per share.
With the above data, is it at present around 2sen considered high price or good bargains??..I have become a 'cheapskate' investor to dive in around 2sen.
Please do own due diligence and Happy trading
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