Hmm, i know you guys work for fatty liew, some only comments on ageson and arbb. If you can make share price goes up, we don't mind. But apparently not.
ARB drops almost 30% on proposed rights issue of new shares November 5, 2021 by Izzul Ikram
KUALA LUMPUR (Nov 5):ARB Bhd’s share price fell by almost 30% on Friday (Nov 5) after the IT software and platform provider announced on Wednesday its proposed rights issue to raise money to finance the company’s business expansion.
=================== So many companies directors looking for fast and easy ways to raise fund to prop up company fund by asking shareholders to dig their pockets to contribute.
Many Shareholders getting smarter not to pump in more money as seen in many other stocks resulting in under subscription of rights issue shares.
They claimed they were an IoT company, but they were not. They just sold ERP solutions and cloud cosec. I think they wanted to be a real IoT company. To become an IoT company, they needed fund raising.
I knew @blackchicken, just that the receivables and resignation of auditor are a big red flag where i am afraid it blew apart in coming quarters. The company cash rich but still wanna raise $$, you knew there's a hole somewhere. Or the amount of cash they have aren't real.
All trap,I’m trap also….decide to throw on Monday whatever price, continue holding is bad idea, Cash rich company but wanna raise fund from share? Kidding man
KUALA LUMPUR: Kobay Technology Bhd is undertaking a private placement of up to 10 per cent of its issued shares to raise up to RM153.14 million, at an illustrative issue price of RM5.00 per share.
In an exchange filing today, Kobay said the gross proceeds are expected to be utilised to set up new aluminium products manufacturing plant (RM60 million), partial repayment of bank borrowings (RM50 million) and working capital for the group's manufacturing division (of up to RM42.7 million).
2 rights issue within 3 years? Hope that SC will not approve it. Investors will lose confidence in SC and Bursa forever. This will be rights issue within a record short time. Totally unwarranted to cheat investors' money.
"Cash Rich"??? Only for the mgmt to enjoy. Run b4 too late.... 2 rights issue within 3 years? .......
Posted by Backupfail > Nov 5, 2021 7:21 PM | Report Abuse
All trap,I’m trap also….decide to throw on Monday whatever price, continue holding is bad idea, Cash rich company but wanna raise fund from share? Kidding man
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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....
Tripaka
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Posted by Tripaka > 2021-11-05 15:51 | Report Abuse
Ri 12sen means price come down to...