1. BSL CORPORATION BERHAD Particulars of Substantial Securities Holder Name METRONIC GLOBAL BERHAD Direct (units) 101,000,000 Direct (%) 5.233 Date of notice 17 Mar 2023
================== 2. M N C WIRELESS BERHAD Particulars of substantial Securities Holder Direct (units) 137,356,400 Direct (%) 12.063 Date of notice 06 Feb 2020
================= 3. Notice of Person Ceasing (29C) NETX HOLDINGS BERHAD Particulars of Substantial Securities Holder Name METRONIC GLOBAL BERHAD No of securities disposed 50,000,000 Date of notice 07 Nov 2016
================= NOSH = 1,531,096,683 even after share consolidation and rights issue in May 2022 WB = 418,511,492 Maturity 2025-07-05 Strike value 0.0600
================== When company fund depleted, directors might raise more fund via share issuance to PP, ESOS or RI causing dilution to shareholder equity % and EPS
MMAG is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 18 May 2023
=================== Be careful trading high NOSH low price penny stocks
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
Announced EX Date Subject Ratio Offer 03 Apr 2023 17 Apr 2023 Share Consolidation 1.0000 : 10.0000 04 Jun 2021 18 Jun 2021 Rights Issue (warrant) 6.0000 : 1.0000 0.1000 25 May 2021 09 Jun 2021 Share Consolidation 1.0000 : 10.0000 27 Mar 2017 06 Apr 2017 Rights Issue 1 : 1 0.1000
Announced EX Date Subject Ratio Offer 25 May 2022 09 Jun 2022 Rights Issue (warrant) 6.0000 : 1.0000 0.0600 05 May 2022 19 May 2022 Share Consolidation 1.0000 : 10.0000 04 Mar 2019 18 Mar 2019 Rights Issue (warrant) 2 : 1 0.0650 11 Dec 2018 21 Dec 2018 Share Consolidation 3 : 1
=================== Be careful trading or holding high NOSH low price multi-year loss making penny stocks
Directors have immense power to do share consolidations after a few years of massive fund raising via massive share issuance to PP, ESOS, RI or costly asset acquisition
================== Retail investors incurred huge losses What can retail investors do ?
DGB is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 26 June 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
List of penny stocks with shares consolidation :-
2023 in progress - DGB, MMAG, DOLPHIN, TECHNAX, ICON
Multi quarter and multi year loss making company Directors not capable to generate profits from business operations Only good in fund raising via shares issuance to PP, ESOS, RI
Better to avoid Fund Raising Company No need to contribute hard earned money to others to drive luxury cars
This a joke issued by Mtronic to Bursa on 19th Sept 2023
METRONIC GLOBAL BERHAD ("MGB" OR "THE COMPANY")- EXTENSION OF TIMEFRAME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE PRIVATE PLACEMENT WHICH COMPLETED ON 30 SEPTEMBER 2021
The jokle is Mtronic is left with 0.47m cash now.
Most likely another joke will be coming soon... RI of 300m new shares ...
AT is the latest high NOSH low price penny stock proposing to do shares consolidation !!! This announcement is dated 31 Oct 2023.
=================== Be careful if holding high NOSH low price penny stocks for long term
Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants
Long term shareholders holding at high prices will incur huge losses from share consolidation
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....
whistlebower99
4,697 posts
Posted by whistlebower99 > 2023-03-21 12:01 | Report Abuse
FOR NEWBIES
MTRONIC investment in other penny stocks
1. BSL CORPORATION BERHAD
Particulars of Substantial Securities Holder
Name METRONIC GLOBAL BERHAD
Direct (units) 101,000,000
Direct (%) 5.233
Date of notice 17 Mar 2023
==================
2. M N C WIRELESS BERHAD
Particulars of substantial Securities Holder
Direct (units) 137,356,400
Direct (%) 12.063
Date of notice 06 Feb 2020
=================
3. Notice of Person Ceasing (29C)
NETX HOLDINGS BERHAD
Particulars of Substantial Securities Holder
Name METRONIC GLOBAL BERHAD
No of securities disposed 50,000,000
Date of notice 07 Nov 2016
https://www.bursamalaysia.com/market_information/announcements/company_announcement#/?category=all
=================
NOSH = 1,531,096,683 even after share consolidation and rights issue in May 2022
WB = 418,511,492
Maturity 2025-07-05
Strike value 0.0600
https://www.klsescreener.com/v2/stocks/view/0043/metronic-global-berhad
==================
When company fund depleted, directors might raise more fund via share issuance to PP, ESOS or RI causing dilution to shareholder equity % and EPS
===============
TAYOR