Admin, please block/remove /delete this Shark Syndicate whistlebower99, he and his gangs keep spam all the bad things to all the counters in i3 to pressure small inivestors to sell cheap cheap and at a hugh losses to them so that they can making hugh tonnes of profits !
Admin, it's time now for your to block/remove /delete all the posting of : XXXXX is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
List of penny stocks with shares consolidation :-
2024 in progress - XXXXX 2024 completed - XXXXX 2023 completed = XXXXX 2022 - XXXXX BEFORE 2022 - XXXXX,.........
Today tradingview recommended a buy on this stock. Ive been keeping it for sometime without price movement. Recently @ d co published it net profit of Rm23.9 million, the price started to move. I bought more @ 3 sen to average up the price to 3.1 sen. Now @ 3.5 sen im having paper profit of 11.82%. To my opinion after keeping it for so long, y not keep it until i can reap a good profit. Just my 2 sen idea.
axe123. Recently @ d co published it net profit of Rm23.9 million (from 2 million loss) the price n vol started to move. Further more SC has granted them 5 more months to submit regularisation plan to exit from Pn17.
This is penny stock All. From early this year AM has been hovering frm 3.5 sen to 2 sen. Now its back to 3.5 sen, meaning n increase of 75%. If it breached the 4 sen barrier meaning 100% increase. If we x 1000 times we can further visualise d price movement is great. i.e from Rm2 to Rm3.5 n Rm4. From Rm200,000 to Rm350,000 n Rm400,000. Thats alot of money All.
axe123. Recently @ d co published it net profit of Rm23.9 million (from 2 million loss) the price n vol started to move. Further more SC has granted them 5 more months to submit regularisation plan to exit from Pn17. The Company has 5 months to submit the regularisation plan to the regulatory authorities for approval. This announcement is dated 4 June 2024.
Hi Pandu. I calculated time when this company will leave PN17. If all goes well, in early 2027. Here is my reasoning. ____________________________ Long Way to Financial Recovery (PN17 Process)
Bursa Malaysia has a special process for companies in distress called PN17 status. It stands for Practice Note 17/2005. Any PN17 company that triggered PN17 criteria must:
1. Regularize its condition within 12 months. 2. Submit a regularization plan. 3. Implement the plan.
The contents of the regularisation plan need to address the triggering conditions. Typical exercises performed to regularize the conditions are:
• Settlement of debts with creditors • Reduction of capital to cancel accumulated losses • Onboarding of new investors (white knights) via issuance of new shares • Sale of assets • Issuance of free warrants and right shares to retain old investors • Establishment of an Employees Share Scheme (ESS)
The time required to achieve uplift from PN17 status is difficult to estimate as any part of the process may take longer than planned. The minimum length to complete the key steps on the road to normality is shown below:
• Approval of the Regularisation Plan by Bursa 3 months • EGM Approval of the Plan by shareholders 3 months • Implementation of the Plan 12 months • 2 positive quarters AFTER the Plan implementation 6 months • Application and uplift of the PN17 status 3 months
GRAND TOTAL …………… 27 MONTHS
So, if everything plays out right, investors will be reaping handsome profits in 27 months, or about 2 years from the time that the Plan is submitted. Not exactly very soon. And that is, if everything goes well.
Alam’s Road Map to exit from PN17 ——————————————————- Jun 2014 => 5 more months to submit regularisation plan. July 2014 => 4 more months to submit regularisation plan. Aug 2014 => 3 more months to submit regularisation plan. On 31-8-2024=> 3rd QR 2024 released (Positive QR) Sep 2014 => 2 more months to submit regularisation plan. Oct 2014 => 1 more months to submit regularisation plan.
I strongly believe that Alam will be lifted from PN17 anytime from now… The latest date the official announcement by the management to submit regularisation plan might be after the superb profitable of 3rd QR which will be released on 31-8-2024 and the management might be as late as early or middle of October announced Alam will submit it’s regularisation plan to SC !
On that time once Alam announced this superb good news, Alam’s share price definitely will be immediately shooting up like rocket to at least break above 20 cents !
bullrun168. Another alternative to sell @ 3.5sen is to monitor the next few Fin Reports. If +, ill keep until i had enough to let go the shares. Cos i love to keep tight good performing companies.
Pandu1, don't worry, 30/6 fin year definitely will be another superb profitable QR and then immediately announce exit PN17 and it's share price limit up once the announcement been make !
Pandu1, for my point of view, i look Alam's future is so bright, u can see yourself the continuos every quarter QR with superb profitable result !
So, i will keep on sailang at current lower price of @0.035 and keep it till announce exit PN17 only consider to sell it... And the condition to sell it all is it's price must break above @0.20 !
Heng ah, Ong ah, Huat ah !
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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....
axe123
36 posts
Posted by axe123 > 2024-06-05 12:35 | Report Abuse
anyone else is stuck in this stock? sadge