1.This company has enormously huge amount of accumulated losses of (136m). 2. has never made any profit since 2007. 3.revenue per quarter is less than 15m - ( tiny company ) 4 cash on hand 807 thousand only 5 Trade payable is huge 53.4m 6 seriously needs money for working capital. 7 company with weak balance sheet and unsound fundamental 8 Caveat Emptor.
based on vivid descriptions by trader808, the counter must drop to 0.005cents and no any investors wanna subcribes the right issue. Every one should avoid this counter.
("PERMAJU" OR THE "COMPANY") ("ICPS") ("RIGHTS ICPS") AT AN ISSUE PRICE OF RM0.05 PER RIGHTS ICPS TOGETHER WITH UP TO 93,630,985 FREE DETACHABLE WARRANTS IN PERMAJU ("WARRANTS") ON THE BASIS OF 10 RIGHTS ICPS TOGETHER WITH 1 FREE WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN PERMAJU ("PERMAJU SHARES" OR "SHARES") HELD BY THE ENTITLED SHAREHOLDERS OF PERMAJU AT 5.00 P.M. ON 14 JULY 2020 ("RIGHTS ISSUE OF ICPS WITH WARRANTS")
Kindly be advised of the following : 1) The above Company’s securities will be traded and quoted ““<EX-RIGHTS ISSUE>” as from: 13 Jul 2020 2) The last date of lodgment : 14 Jul 2020 3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:- a) Selling Broker to deduct<10/12>, of Selling Price against the Selling Client b) Buying Broker to deduct <10%>, of Purchase Price against the Buying Client c) Between Broker and Broker, the deduction of <10/12>, of the Transacted Price is applicable.
10 Right issue x0.05 + free 1 warrant for every two Permaju share. now Permaju is 0.255 , so each 0.255 can get 5 RI(5 × 0.05cent)+ warrant, RI have to pay 5cent each.if warrant worth 0.005 so Permaju now is worrh 0.00 (zero value)?
why make things so complicated? how the remisier explains to thier clients especially aunty/uncle from wet market? if you cannot understand, who can actually understand this?
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....
CharlesT
14,924 posts
Posted by CharlesT > 2020-06-29 10:31 | Report Abuse
anyway hope it wouldnt follow the path of VC-PA or Myscm Pa...
amen