Bornoil has 684,476,000 treasury shares or about 8.7%. And they are obviously not done with SBB. What penny stock has this. One of a kind weird counter
lehubeng lambo and fintec no sbb... bornoil sbb 55.5 mil at 0.035 on 17 July .... 21/07/2021 4:58 PM
Very strange who are those throwing at 3 sen. Could that be Mcquirie? If not who has the large amount of shares to throw. If yes, then something is not right - maybe Mcquirie regret buying....and now start to let go.
Announcement of Bornoil PP by McQuire Bank --------------------------------------------------------- 02-Feb-2021 1,500,000 units @RM0.034 03-Feb-2021 1,500,000 units @RM0.034 09-Feb-2021 1,500,000 units @RM0.034 11-Feb-2021 2,000,000 units @RM0.033 16-Feb-2021 3,500,000 units @RM0.033 19-Feb-2021 3,500,000 units @RM0.033 22-Feb-2021 50,000,000 units @RM0.034 24-Feb-2021 4,000,000 units @RM0.034 01-Mar-2021 2,000,000 units @RM0.035 03-Mar-2021 2,500,000 units @RM0.035 04-Mar-2021 3,000,000 units @RM0.034 05-Mar-2021 4,000,000 units @RM0.032 08-Mar-2021 8,000,000 units @RM0.032 10-Mar-2021 7,000,000 units @RM0.033 12-Mar-2021 18,000,000 units @RM0.033 16-Mar-2021 6,000,000 units @RM0.033 18-Mar-2021 90,000,000 units @RM0.033 19-Mar-2021 20,000,000 units @RM0.037 29-Mar-2021 2,000,000 units @RM0.036 30-Mar-2021 7,000,000 units @RM0.036 31-Mar-2021 4,000,000 units @RM0.036 05-Apr-2021 8,000,000 units @RM0.037 07-Apr-2021 8,000,000 units @RM0.037 08-Apr-2021 10,000,000 units @RM0.037 13-Apr-2021 30,000,000 units @RM0.040 20-Apr-2021 5,000,000 units @RM0.040 26-Apr-2021 5,000,000 units @RM0.038 27-Apr-2021 5,000,000 units @RM0.037 30-Apr-2021 5,000,000 units @RM0.037 04-May-2021 12,500,000 units @RM0.037 12-May-2021 4,000,000 units @RM0.035 17-May-2021 5,000,000 units @RM0.034 18-May-2021 5,000,000 units @RM0.035 21-May-2021 5,000,000 units @RM0.035 27-May-2021 6,000,000 units @RM0.033 02-June-2021 4,000,000 units @RM0.034 03-June-2021 67,000,000 units @RM0.034 08-June-2021 5,000,000 units @RM0.034 10-June-2021 5,000,000 units @RM0.034 14-June-2021 7,500,000 units @RM0.033 16-June-2021 10,000,000 units @RM0.032 22-June-2021 7,000,000 units @RM0.032 05-July-2021 7,000,000 units @RM0.030 06-July-2021 7,000,000 units @RM0.030 09-July-2021 270,000,000 units @RM0.029 12-July-2021 115,000,000 units @RM0.029 14-July-2021 5,000,000 units @RM0.029 15-July-2021 8,000,000 units @RM0.030 16-July-2021 10,000,000 units @RM0.030
TOTAL UNITS SUBSCRIBED (Up to 21 July 2021) = 882,000,000 UNITS
Outstanding balance of PP shares unsubscribed is 323,827,550 units (Based on the maximum PP = 1,205,827,550 units.
Wow!! 3 cents dirt cheap. If tomorrow still got, SAPU!! By end of July, 100 and Mcquire Bank subscription shall be completed. Get ready to party soon. By the way, Mcquire Bank is just a proxy.
It is now a rare opportunity to buy at 3 sen. It wont be there for long. Buy and keep. Why worry when Mcquirie bought huge huge amount at average of 4 sen !!
Grabbed enough shares at 0.03 submitted buy queues at 0.025 the only thing is to do is WAIT and patience. Stock market transfers money from the impatient to the patient especially when it comes to gambling like a degenerate on penny stocks
This company has been asleep for 13 years. It is definitely due for a run. Minimum 10 times the current price or I am not selling haha. Already put my sell order @0.3 You don't get to buy my shares anywhere below the ask
Looking at the sell que number it is quite obvious they are the small retail players. Large corporate players watching and waiting for right time to strike. When they strike they will eat up all the sell ques which are considered small to them. By then we cant catch anymore low price.
Good point justin. What will they do when they hit 10%. Distribute 1-for-10 is equivalent to 10% dividend. Cancellation is good for book value and what a blue chip will do, quite unlike Bornoil lol
MQ's 1.2B subscription allows an additional 120M SBB
This counter is quite exciting la...do we have any reference anywhere else? A foreign IB taking up 20%, treasury shares 10%, net cash, fresh loans own gold mines...trading at 3 cents. how not exciting
justin1njp Sbb already reached 9.244%. Max is 10%. Cant sbb already. Only way is cancel or sell in market 21/07/2021 6:15 PM
no regrets! even if we die here cant die too badly lol just make back elsewhere. must have that confidence before speculating
For a very brief moment we were able to buy at 1c 2c last crash. That was the only time. Now even MQ's cost is 3.2c. No matter how they churn it's not much lower than 3c.
The support at 2.5c and below is enormous. And to break below that someone ought to have the shares to dump.
Who has shares to dump at 2.5c and below, and why would they do that. Even if they dump at 2.5c we can hold and some may even buy - will they dump at 2.0c? No one really had an opportunity to have that low a cost
For other companies which have risen over a long time, maybe there were shareholders who had much lower cost. But this counter...the renewed Bornoil started when Hap Seng entered in a hugely dilutive rights issue and basically wiped out everyone else and took control of Bornoil. Their cost was at least 7.0c.
Many years later now there was never an escape wave...there is no way anyone can have a meaningful stake below 2.5c. Not even ESOS. ESOS records 400M at 2.7c, 400M at 3.684c, 216.5M at 3.28c. Placement 329M at 3.16c, 10.3M at 3.73c, 242M at 4.35c, 45M at 5.36c, 7.1M at 3.6c. MQ 887M at 3.194c.
so i say if it comes below 2.5c let it come and we can buy....
lehubeng @UncleFollower MQ subscription floor price is 0.025...u so greedy ah
not greedy lah, today bought another 10k units at 0.03... hopefully no regret...
bornoil kind of weird company, 2017 esos was 0.09 but share price dived to 0.035 in early 2020, and to 0.01 in March 2020.....
warrants exercise cost is a good reference...somewhere sometime they will push it above for exercise. No sane operator will let 100M+ cash infusion go to waste. this is the market's and retailer's money. anything can happen...see shitty MTouche went to what 40c previously?
syndicates have full control of this counter looking at the way the shares move. no one else can make more than 100M shares disappear and reappear within seconds. full control also seen in this last run to 9c. crazy volume
It appears syndicate at play - noted and agree with UncleFollower that no one else can make mop up more than 100m shares in a few seconds except the syndicate. Just hold tight before they goreng the stock kaw kaw. It is coming - just wait and see.
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....
lehubeng
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Posted by lehubeng > 2021-07-21 17:00 | Report Abuse
next few days MQ will subscribed big volume with price less than 0.028....