WOW! FROM P&D HIGHEST PRICE RM2 IN 2019 NOW BELOW 0.05 AND HEADING TO MY PREDICTION OF 0.01 !!! EVEN WITH RIGHTS ISSUE OF 0.15 LAST YEAR! WOW! WOW! WOW! APPLAUSE TO MANAGEMENT AND DIRECTORS! WHAT'S NEXT? SHARE CONSOLIDATION? ANOTHER RIGHTS ISSURE? SOME MORE BS MOU? WHAT ARE THEY PLANNING TO SQUEEZE MORE MONEY FROM NEWBIES AND SHAREHOLDERS????? MAKE COMPANY PROFITABLE??? IMPOSSIBLE DREAM! 20 QTRS LOSSES AND NO VIABLE BUSINESS IN SIGHT.
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Maybe change company name to 'hide' the past from new investors 7. Repeat step 1 to 6
name ady changed to VELOCITY but still NO MOVEMENT. Every huge drop in price seem to have name change. When is next name change? looks like NO PRICE UP UNLESS SHARE CONSOLIDATIONS...
A little review of the qtr financial results; revenue of 18.2m (90% increase YoY) and net profit of 6.5m against a loss of 1.1m YoY. But there is "other income" of 5.1m (0.2m YoY) recorded in the qtr, which is not explained and probably being one off. In the 9mths period there is an increase of 57m in financing receivables, which measn almost all their revenue is translated to receivables.... not cash. Lastly, in the period there is a negative 27m operating cash flow against negative 41m a year ago..... peace
when going to get more MOUs to speed up velocity? Gloves already done when price of gloves stock was going down. BYD already done. How about AI related, or data center. Don't wait until the hype is over to go in.
velocity no speed.... didnt understand physics when name was changed ..ha ha thankfully im out this week oredi..sad after so long holding but switched to JCY and made back the loss..so no regrets
Announced EX Date Subject Ratio Offer 07 Dec 2021 20 Dec 2021 Rights Issue (warrant) 1.0000 : 1.0000 0.1500 View 07 Mar 2016 17 Mar 2016 Rights Issue (warrant) 5 : 1 0.0600 View
If WB is fully converted, NOSH will exceed 2 BILLION shares
=============== Directors frequently raise fund via massive share issuance to PP, ESOS, RI, etc resulting in huge increase of NOSH and massive dilution of shareholder equity % and EPS
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS, RI, asset acquisition, etc
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....
nicholas99
9,844 posts
Posted by nicholas99 > 2023-03-03 14:36 | Report Abuse
after sale = more cash on hand to become loan shark.