Enter timing is very important. A lot of ppl buy good stock like Top Glove also loosing money because enter wrong timing. Now it is good timing to enter Komark if you miss it then you will regret. Opportunity is for those has a preparation. 机会是留给有准备的人。错过了你一定会很后悔。
On 9 May 2023, TA Securities had on behalf of the Board announced that Bursa Securities had vide its letter dated 9 May 2023, resolved to grant the Company a further extension of time until 4 July 2023 to complete the implementation of the Rights Issue with Warrants
Based on the Company’s Circular, the Rights Issue with Warrants entails the issuance of up to 817,817,238 new Shares together with up to 272,605,746 Warrants D, on the basis of 3 Rights Shares together with 1 Free Warrant D for every 3 existing Shares held by the Entitled Shareholders on an Entitlement Date to be determined. The Rights Issue with Warrants was expected to raise gross proceeds of up to RM65.43 million based on the illustrative issue price of RM0.08 per Rights Shares under the Maximum Scenario (as defined below) (i.e. assuming that all the Warrants C are exercised into new Shares prior to the Entitlement Date).
================= Massive fund raising via massive rights issue of up to 817,817,238 new Shares together with up to 272,605,746 Warrants D,
NOSH will exceed 1 BILLION shares upon completion Welcome to another high NOSH low price loss making penny stock Multi year annual loss in past 10 years
============== Directors easily able to raise RM50 mil based on current NOSH of 577,356,548
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
RENOUNCEABLE RIGHTS ISSUE OF UP TO 817,817,238 NEW ORDINARY SHARES IN KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") ("KOMARKCORP SHARES" OR "SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 272,605,746 FREE DETACHABLE WARRANTS IN KOMARKCORP ("WARRANTS D") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 29 MAY 2023
Important date to note :-
1) The Right commence of trading : 30 May 2023 3) The last day and time for Acceptance, Renunciation and Payment : 14 Jun 2023 4) The Rights cessation quotation : 07 Jun 2023
================ Multi year loss making penny stock Directors not good in generating profits from business Directors happy to raise quick easy from from sharesholders
RENOUNCEABLE RIGHTS ISSUE OF UP TO 817,817,238 NEW ORDINARY SHARES IN KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") ("KOMARKCORP SHARES" OR "SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 272,605,746 FREE DETACHABLE WARRANTS IN KOMARKCORP ("WARRANTS D") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 29 MAY 2023 ("RIGHTS ISSUE WITH WARRANTS")
Ex-Date 26 May 2023
Date for commencement of trading of rights 30 May 2023 Date for cessation of trading of rights 07 Jun 2023
Acceptance and Payment 14 Jun 2023 05:00 PM Excess share application and payment 14 Jun 2023 05:00 PM
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 21 Jun 2023
=============== Take note of important dates for directors fund raising exercise
Directors waiting to collect huge sum of up to RM65 milliion even though company making losses for multiple years Quick easy fund raising from shareholders and friendly supporters Retail investors have to dig pocket for more money to contribute
KOMARK-OR start trading today lowest price of 0.005 seller quote Another rights issue to be under-subscribed by retail investors More likely proxies and friendly penny stocks will support the rights subscription like other similar penny stocks fund raising exercise
KEY ALLIANCE GROUP BERHAD ("KAG" OR "THE COMPANY") - PROPOSED SUBSCRIPTION OF RIGHTS SHARES WITH FREE DETACHABLE WARRANTS IN KOMARKCORP BERHAD The Board of Directors of KAG wishes to announce that the Company had on 12 June 2023 submitted the application for the subscription of up to 130,000,000 million rights shares and excess rights shares with 43,333,333 free detachable warrants of Komarkcorp Berhad (“Komark”) at an issue price of RM0.08 each for total cash consideration of up to RM10,400,000.00 only (“Proposed Subscription”).
Please refer to the attachment for the details of the above announcement.
====================== Total valid acceptances only a low 41.78% Total valid excess applications is a massive 58.21% More likely retail investors not willing to contribute more money to directors fund raising More likely rights shares taken up by proxies and other low price loss making penny stock using company fund which again is from fund raising
======================= With less retail participation, the operators and price influencers will try to support and push up the price to attract new punters, newbies and new oldbies to come in.
Major rights subscribers will try to release their shares to new players
RENOUNCEABLE RIGHTS ISSUE OF UP TO 817,817,238 NEW ORDINARY SHARES IN KOMARKCORP BERHAD TOGETHER WITH UP TO 272,605,746 FREE DETACHABLE WARRANTS IN KOMARKCORP ("WARRANTS D") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 29 MAY 2023
Available/Listing Date 28 Jun 2023
============= Take note of listing date
Current price 0.055 already lower than rights issue price 0.08
=================== Another high NOSH low price loss making penny stock
Don't be surprised if directors continue with more fund raising via shares issuance to PP, ESOS in near future Be prepared for more dilution to shareholding equity % and EPS if any
================== Today 28 Jun 2023 is listing date for rights issue shares and WD Price is below rights issue price of 0.08 WD might be fried up for main subscribers to unload their warrants to minimise rights subscription cost
Super Good news ! More & more companies rushing to be listed into KLSE ! There are 6 companies going to be listed in KLSE for July & early August 2023 !
RENOUNCEABLE RIGHTS ISSUE OF UP TO 817,817,238 NEW ORDINARY SHARES IN KOMARKCORP BERHAD ("KOMARKCORP" OR THE "COMPANY") ("KOMARKCORP SHARES" OR "SHARES") ("RIGHTS SHARES") TOGETHER WITH UP TO 272,605,746 FREE DETACHABLE WARRANTS IN KOMARKCORP ("WARRANTS D") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 29 MAY 2023
================= Rights issue @ 0.08 Listing date for rights shares and free warrant on 28 Jun 2023
PROPOSED SHARE CONSOLIDATION On behalf of the Board of Komarkcorp, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake a proposed consolidation of every 5 existing ordinary shares in Komarkcorp (“Komarkcorp Shares”) held by the shareholders of the Company on an entitlement date to be determined and announced later, into 1 Komarkcorp Share (“Proposed Share Consolidation”).
Further details of the Proposed Share Consolidation are set out in the attachment below.
This announcement is dated 23 August 2023. Please refer attachment below
KOMARK is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 23 August 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
============ On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 6 September 2023, approved the Proposed Share Consolidation comprising the listing and quotation of:
(i) up to 330,579,328 Consolidated Shares;
(ii) up to 61,172,891 Consolidated Warrants C; and
RENOUNCEABLE RIGHTS ISSUE OF UP TO 817,817,238 NEW ORDINARY SHARES IN KOMARKCORP BERHAD TOGETHER WITH UP TO 272,605,746 FREE DETACHABLE WARRANTS IN KOMARKCORP ("WARRANTS D") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE ON THE BASIS OF 3 RIGHTS SHARES TOGETHER WITH 1 FREE WARRANT D FOR EVERY 3 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 29 MAY 2023
================ Rights share subscribers incurring heavy losses at current market price of 0.035 - 0.04 Might incur more losses upon completion of share consolidation as the effective rights share cost is 0.40
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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....
jay2004
104 posts
Posted by jay2004 > 2023-05-02 23:33 | Report Abuse
If you sell at target price 0.12 as I mentioned 2 months ago. Then you can buy back at 0.085 or 0.09 now.