Price 15 cents I agree it will drop 10 cents 4/5/23 4.06pm ken2004 By the way, actually, those chasing high after 1:10 already burning, will history repeat itself if drop below 10c.......... 2 days ago(2/5/23)
Look out for possibility of directors to raise massive fund via share issuance to PP, ESOS or to acquire friendly asset at higher price After 2nd time share consolidation, NOSH is very low and give directors lots of opportunities to issue massive lots of shares to raise lots of money
Existing retail shareholders will only see their shareholding equity % reduced over time.
Saudee, private placement, dilution lagi... pasukhas pun otw kot? Hahaha
MULTIPLE PROPOSALS SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") (I) PRIVATE PLACEMENT; AND (II) SIS (COLLECTIVELY, THE "PROPOSALS") SAUDEE GROUP BERHAD
Type Announcement Subject MULTIPLE PROPOSALS Description SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY")
(I) PRIVATE PLACEMENT; AND (II) SIS
(COLLECTIVELY, THE "PROPOSALS") (For consistency, the abbreviations used throughout this announcement shall have the same meanings as those defined in the announcement dated 17 August 2022, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 17 August 2022, 27 September 2022, 4 November 2022 and 8 March 2023.
On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 15 March 2023, resolved to grant the Company an extension of time until 26 September 2023 to implement and complete the Private Placement.
This announcement is dated 15 March 2023.
Announcement Info Company Name SAUDEE GROUP BERHAD Stock Name SAUDEE Date Announced 15 Mar 2023 Category General Announcement for PLC Reference Number GA1-15032023-00084
================== Directors not capable to generate profits from business Directors likely to raise more fund via shares issuance to PP, ESOS to sustain the losses Quick and easy way to increase company fund
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
This Pasukhas has been doing consolidation 2 times last few years 2021 ,if you have 100lots, it become 10 lots( 10 to 1) 2023 c/f 10 lots now become 1 lot (10:1 ) again In actual ,your shareholding even worse than 100 lots become 1 lots After raping you, the management, dilute your holding by issuing another billions shares via RI/PP/ESOS for example Pasukhas now NOSH is 170m shares. Very very soon,there will RI of about 1billion new shares @6 shares for every 1 share held. So from originalof 100 lots 4 years ago,you are being raped, and raped till you become vegetable . LETS US AVOID THESE TYPE OF LEGAL RAPIST stocks in BURSA SO NO TO RAPISTS stocks in Bursa How to identify Rapist Stocks? Rapist Stocks have the history of 10 or 20:1 consolidation, , RI,ESOS,PP ,MOU . These stocks haves sucked at least 5-10b rgt of retailers money into their bottomless hole. By avoiding these bottomless pit, and diverting to no Rapist stocks,we will see BOOM in Bursa mkt.
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....