few retailers keen to buy at 0.015... cronies/proxy niw sold at 0.01.... 5 days vwap will be less than 0.0125.... pp cronies will acq next tranche of pp at 0.011.... this is not fund raising for tge company... this is give free money to pp cronies by sacrifices the interest of other shareholders......
How does that work? PP investors still need to pay for the shares, right? So, if they PP at RM0.015 and it goes down to RM0.010, then the PP investors lost money, right? My question is, why are they doing this? Is it to keep the company aflot while borrowing money from banks to pay for the directors fees?
yesterday 300 mil shares transacted at 0.015... today only 3 million ahares transacted.... likely next week cronies/ proxy will sell more at 0.01 , so as pp beneficiaries/cronies can acq remaining pp at less than 0.01.....
retailers bought at 0.015 today, later company make consolidation, 10: 1, share become 0.15...and company will again issue pp to cronies, and nosh will become 13 billion again with share price drop back to 0.015....
integrity in doubt.... 50% pp and esos past 2 years at cery cheap price and 15% discount to cronies.... retailers share value very much diluted.... these may not be the end..... possibly consolidation is on the way....
Bornoil, XOX are one of the biggest Fund Raising Company in Bursa Malaysia Directors not interested to make profits for retail shareholders Only interested to issue shares to raise fund to be utilised within their immense power Retail shareholders only can see their shareholding equity % reduced over time
bornoil previously share buy back at 0.05 and 0.035.... yet the offer private placement lower and lower till 0.0127 (maybe lower next week)to cronies...use company money for share buyback and benefit cronies with low pp price.... a bunch of greedy cunning old men....
should be good news. but all good news (gold mines 822kg with soaring gold price/ first cement clinker in sabah/sabasco sauce) cannot push up bornoil due to endless pp/esos, possibly consolidation... integrity in doubt... TAYOR...
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....
Lee Ying Yee
408 posts
Posted by Lee Ying Yee > 2023-06-14 15:51 | Report Abuse
the boss all become billionaire ???