wait till minimum price of 30% pp announce..... if minimum price still 0.015 or worse 0.01, then gone case.... as with nta of 0.1 and few consecutive qr positive reports, directors still dare to squeeze retailers with very low pp price to get maximum own gain... likely share consolidation on the way to further....company share has been very much diluted past 2 years by endless pp and esos...
proposed 30% pp withdrew temporarily... will bornoil resubmit the proposal next week? previously withdrew on 12.12.2022 and resubmit on 19.12.2022......
nosh 9.7 billion, by calculation, bornoil need yo hv rps of rm97 million per year to make eps of rm 0.01 ( 1 cent).... can bornoil hv net profit of rm97 million per year? how to push bornoil above 0.03????
director convert wc and wd at 0.07...company offered pp at a minimum price of 0.015.... director think bornoil worth at least 0.07 ( since conversion price is 0.07).... yet company issued pp at 0.015!!! what does this mean??? company has any hidden motive/aganda?
from 2019 till now, nosh already increased by at least 80 to 90% (5.3 billion shares to 9.7 billion shares), wc and wd conversion price still 0.07.... likely wc and wd will go to coffin.... how to push up bornoil to 0.07 nosh of 10 billion....
how to buy? director convert wc and wd at rm0.07, so in the report market capitalisation becomes rm662 million..... but actual fact, with bornoil market price of only 0.02, market capital of bornoil is only rm194 million..... smart company.....
if company make huge profit, easy for gompany to privatize the company..... cronies earn all.... even though not privatize, certain parties also make handsome profit from 15% discount fronarket price...
for fundraising of rm30 million, if apply business loan, possibly will get good interest rate of 6 to 8%, and interest payment also can be deducted from income tax.... but company choose to give discount to pp beneficiaries upto 15%....
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....
will75
1,070 posts
Posted by will75 > 2023-01-30 10:12 | Report Abuse
Only real OKU will say 1 cent