Changes in Sub. S-hldr's Int (Section 138 of CA 2016) NETX HOLDINGS BERHAD
Particulars of substantial Securities Holder Name FINTEC GLOBAL LIMITED
1 02 Dec 2021 21,644,600
Name of registered holder Fintec Global Limited
Direct (units) 153,429,100 Direct (%) 18.35 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0 Total no of securities after change 153,429,100 Date of notice 06 Dec 2021 Date notice received by Listed Issuer 06 Dec 2021
Thanks @stockraider and @whistlebower99 for your efforts to keep remind newbies on Lien Hoe linked syndicate. Most of this companies not focus on their core business but only issue pp/esos/RI/consol and use investor's fund to buy others penny stocks at much higher price than market then dump the shares price to super low. Now, penny stocks just like a pure money game. Sadly, the authorities allowing this things happening. Goreng up one or two day shows to attract "retailers" into their trap. Then dump all the way down... most of these penny stocks issued right issue.. and what the fact is now most of these penny stocks fall far below more than half of their right issue's price...
is ok for trader to speculate penny stocks. Be strict to your plan. (CUT LOSS/CUT WIN)
@alex: Most of this companies not focus on their core business but only issue pp/esos/RI/consol and use investor's fund to buy others penny stocks at much higher price than market then dump the shares price to super low.
BLee: Hi @alex, the first part of PP and ESOS is quite true which I am speechless. The second part of dumping after buying high at super low NOT reported to the regulator as per requirements for major shareholders of minimum 5%.. Inaccurate statement and DON'T make sense. Example: Fintec increase shareholding in Focus D to more than 30%, widely reported after Focus D drop from 70sen to 4sen. Buy high from market will benefit retailers and sell super low will benefit long term investors??
Please do NOT post incomplete old news, NOT giving chance on clarification by Fintec/ TheEdge. Half Truth!! Happy Trading and TradeAtYourOwnRisk
08/12/2021 12:43 AM"
I am replying for the purpose of defencing my investment from Half Truth discussion. My investment in Fintec at one fifth of NTA, can't lose much..Please do NOT make the same mistake (project in Perak but talk in China) posted in Ageson forum, will lose credibility.
Posted by BLee > Dec 6, 2021 8:37 PM | Report Abuse
@stockraider: Blee, Ageson is a construction co & not tech co mah!
Its has big project is in china loh!
But think lah!
How can it be efficient & fight the chinese leh ?
Some more got lockdown cannot enter china mah!
Likely be kon CO....very fishy company mah!
Avoid lah,,,!
High risk loh! 06/12/2021 12:40 PM
BLee: Hi Bro @stockraider, you got it ALL wrong, the project is in Perak. Please check your facts before posting. So much courage, garbage in garbage out.
BLee: Hi @Lucifer999, agreed not only for penny stock, even blue chip Banking counters also did not do well in stock prices. No one knows when will recover. I believed F&B and IT stocks will recover faster due to supply and demand.
Tan Sik Eek already so rich larh...thank you for you all contribution...Salary + director remuneration in XOX,Fintec,Mlabs, Netx together already >1Mil...PP Esos issue so good business...change business nature to share goreng and corporates exercise larh...hehe
A portion of company fund utilised to invest and support NETX and other low priced penny stocks
When company funds run low, directors can issue more shares to PP, ESOS to raise more money
Or directors may decide for shares consolidation and rights issue with free warrants to raise for cash from trapped investors.
NEWBIES must be careful with hard-earned money. Cheap stock can become cheaper especially when directors can easily get approval for shares consolidation from BURSA.
All these con business planned by a group of mf. You read same textbeveryday. See same thing happening day after day. Wah new worm swimming around. did you see that
looks like the goreng gang are cashing out all their penny stocks by pushing all to 0.005 - 0.01 one by one.. then consol then RI/pp/esos.. repeat.. Bursa and SC tak nampak.. tak mau tahu.. BEWARE !!
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....
tehdiven5519
174 posts
Posted by tehdiven5519 > 2021-12-07 09:04 | Report Abuse
Rubbish counter....look very bad to whole management. Conman