Good news for Dnex, wafer price has started to move up from the bottom, the situation will be better after October, oil price will break $90, all going in the positive direction, it's good for Dnex's revenue! (No trading advice, make your own judgement)
Why....DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF DNeX ("PROPOSED PRIVATE PLACEMENT")...
According to their proposal doc they are valuing it at possible 0.4150. This will be rock bottom price (look at the charts). Not very smart. Why do this exercise at this level if you need the money.
The company will still go down with 133 Million in value and that will reflect on the share price regardless if there is a private placement investor or own funding. The positive on the private placement is that they can bring in a partner with great knowledge of the oil and gas that doesn't trade the share as many small investors do. It can create more stability to have large investors own the company. DNEX does not have many so it's a very volatile share. Looking short term it sucks but hopefully, the value will go up once it starts operation and the income begins to come in.
The incompetent current management team has to be removed for multiple failures at the expense of you all, while they continue to earn an undeserved high salary.
I think the root cause of the problem is in the management! Somebody should come up with suggestion to remove ALL incompetent Directors and reduce the present Management's salary by 30% to make the company leaner and in better health to run.
Posted by JamalHussien > 10 minutes ago | Report Abuse Dear all retail shareholders,
The incompetent current management team has to be removed for multiple failures at the expense of you all, while they continue to earn an undeserved high salary.
Another Serbadk in the making. The chairman and Directors are exploiting the minority shareholders for their own benefits. Private placement of shares at o. 415 when the shares priced is more than 0.45. Who are the lucky shit allowed to buy at such a low prices. The question is why not go for right issues where all existing shareholders will benefits. Something fishy going on behind the scenes.
Oil Rally Picks Up Steam as US Benchmark WTI Hits $90 a Barrel US oil futures reach milestone for first time since November Key industry groups expect tighter market in the coming months
Jamal Jamban must have squatted long enough in the toilet. Now, he see the working mechanics and reasons for Dx to keep raising Capital through PP and Warrants.......what a waste of Rakyat's money!!!
Jamal Jamban now understands why I bashed him so hard and so many times for refusing to listen to Facts and the reason why we SOLD every single ticket at 1.30...........
Told everyone to sell out and don't look back before the crash from 78c to 38c........Don't believe???....You're now the laughing stock for my pet fish.....hahahaha
- Do you have evidence that you asked all retail shareholders to sell when Dnex price was 1.30 in 2022? No, you don’t have, you only bark like a bob after the price crash - Based on channel checks, you are severely burned in dnex, saprg and knm. That is why you are releasing all your anger on the same 3 forums by attacking other members. - since you are a C0CK, you decided to attack other retail shareholders instead, this prove you are low class trash - since you are low class trash, I shall stop responding to you because you have no facts in your statements, only have low class trash statements
Hahaha...Jamal Jamban, everyone knows I told to get out.......we ourselves sold every single ticket at 1.30... it's all on records here, scroll back....
And Jamal Jamban, you deserve every loss here...every single blood, sweat and tears sen of it....hahahaha
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....
Gizaa
178 posts
Posted by Gizaa > 2023-09-05 09:19 | Report Abuse
analyst not looking good to the deal, it may further drag down dnex financial, sell rating.