Either that or sell before consolidation. Price will plunge after consolidation. Always use Sanichi as reference because they are linked to Fintec group. And see what becomes of Sanichi Pdz billion ringgit e-commerce jv...Nothing!
GOCEAN another one of Fintec companies having undergone RI and free warrants to raise fund for glove biz at lowest price now. Many minority shareholders got caught losing their pants
Price zero depends company bankrupt, Pn17. Consolidation gives a false sense of worth x10 but with 10 times less shares on hand. Just take a look at Sanichi, exactly some modus operandi. .. glove lah, consolidation x10 lah, RI lah, free warrants lah. From 0.35 sen after consolidation to 3.5 sen same price as before consolidation. Underwear also gone...anyway your money you decide.
C&P: very true, damn true: Especially for newbies trading in loss making penny stocks.
List of some penny stocks with huge total share issued or incurring losses in many quarters or with frequent fund raising exercises via rights issue & share issuance to ESOS & Private Placement or had undergone share consolidation exercise and rights issue with free warrants.
This is not an exhaustive list. Feel free to add or amend if there is any error.
They want your money to venture into glove biz. With no expertise, no land, no factory, big 4 gloves already feeling heat from lower ADP... You believe they will make money from this biz??? Laugh die me!
Wat r they gonna do for this scammer stock. I believe those big shark adi collect alot of cheap tickets...
what they gonna do is wait for share conso, then push up the price AGAIN and attract the small fish to buy their ticket, then big shark will sell off their shares....then the price will drop to the bottom again..
OR
they conso first, then issue RI, then issue ESOS to benefit their own staffs again. Then repeat again until the share price drop again..
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN PDZ HOLDINGS BHD ("PDZ" OR THE "COMPANY") ("PDZ SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 11 AUGUST 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
1) The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 9 Aug 2021 2) The last date of lodgment : 11 Aug 2021
e.g. Before consolidation you hold 100 lots @4cts you spent rm400. After cons. 10:1 you now hold 10lots @30cts worth only rm300. Lost is actually rm100. It appears you gain rm300 because they 'forgot' yr cost is rm400 !
Glove factory biz unlikely to materialise and even if it does, it will be loss making for years competing against the more established company. Fintec, Focus AT, Gocean, Pdz all abang adik going into glove.. Lol!
Management thk they are clever but they dunno some investors are clever than they are..100k they dun want..they only want few k for glove..that y cannot build factory yet…trap water fish only..ahha
COVID already make everyone so hard ..still got so many Conmans counters come out to trap peoples.; .So many fraudulent cases using charity name … that y god also feel that humans r not worth to pity of..selfish and heartless…dun forget to take care ur heart as well..
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....
huatkopi88
1,985 posts
Posted by huatkopi88 > 2021-07-10 13:06 | Report Abuse
Either that or sell before consolidation. Price will plunge after consolidation. Always use Sanichi as reference because they are linked to Fintec group.
And see what becomes of Sanichi Pdz billion ringgit e-commerce jv...Nothing!