really amazing to see the price all the way down from 0.40 to 0.05 within a year... almost 10x lose... pre-covid price was 0.8 - 1.00... penny stocks are purely control by particular group of people.. they are selling above 0.05 still can earn big $$ by issue very cheap esos than market later.. then consol again... cut loss and take a lesson.. dont ever play penny stock again...no matter how cheap they are.. back to fundamental and dividend stock.. at least have funds/epf/directors/company's boss buying and holding the company's shares..
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,369,132,778 NEW ORDINARY SHARES IN VIZIONE ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE TOGETHER WITH UP TO 684,566,389 FREE DETACHABLE WARRANTS ("WARRANTS E") ON THE BASIS OF 1 WARRANT E FOR EVERY 2 RIGHTS SHARES No. of shares issued under this corporate proposal 1,022,900,003 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0800 Par Value($$) (if applicable) Malaysian Ringgit (MYR) 0.000 Latest issued share capital after the above corporate proposal in the following Units 2,047,680,892 Issued Share Capital ($$) Malaysian Ringgit (MYR) 684,439,529.540 Listing Date 07 Mar 2022
how the particular people (fintec gang) earn $$ by subscribed RI at 0.08 then throw their ticket at 0.05? are they making loses ?? NO, they won't. They will get much more cheaper ticket maybe 0.02-0.03 via ESOS later. Who lost? The investors of LKL cos LKL uses the raised fund to invest Vizione at 0.08, now share price only 0.05. Later LKL will record financial huge lose from this "investment". Of course, Vizione's investor suffering the loses most.. from above 0.40 til now 0.05 and the drop not end yet.. anytime can drop to 0.02-0.04. Later you will see them issue cheap ESOS. After months, announce consolidation.. then drop again just like Kanger.
Why want to struggle to do real business to increase company fund ? Easy and convenient way is to issue shares for RI, ESOS, PP to raise more fund to increase company cash
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,369,132,778 NEW ORDINARY SHARES IN VIZIONE ("VIZIONE SHARES" OR "SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 1 EXISTING SHARE HELD AS AT 5.00 P.M. ON 4 FEBRUARY 2022 (ENTITLEMENT DATE), AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 684,566,389 FREE DETACHABLE WARRANTS ("WARRANTS" OR "WARRANTS E") ON THE BASIS OF 1 WARRANT E FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR ("RIGHTS ISSUE OF SHARES WITH WARRANTS")
================= AMOUNT RAISED FROM RI = 1,022,900,003 @ 0.08 = RM81,832,000
Thank you to all rights subscribers. Directors are responsible for the success of the fund raising exercise but they are not responsible to ensure subscribers profit from the stock price.
================= Prices tend to fall below the rights issue price after the fund raising exercise. Other low price penny stocks like permaju, eastlnd, csh, fast, pasukgb, kanger, pdz, etc dipped below rights price after listing
Why want to struggle to do real business to increase company fund ? The fastest way is use the RI, ESOS, PP to exercise the cutting chives like nobody business.
So many companies printing ESOS PP RI tickets for living now these day; trimming investors capital then consolidate the tickets; the fastest way to made huge profits!
This management like to syok sendiri with all these lousy announcements. So many projects yet can still lose money each quarters tell you one thing la. Ur management team is not capable at all. Haha
Con counter. Cronies all holding up huge pile of stocks waiting to disposed. Creating all the fake volumes. So much transaction yet price still the same. Hahaha
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....
see2sea
2,194 posts
Posted by see2sea > 2022-03-02 10:10 | Report Abuse
Lucky cutloss last year...rubbish stock