whistlebower99 4855 posts | Posted by whistlebower99 > Mar 7, 2024 12:46 PM | Report Abuse Reminder to newbies to be carefully if holding high NOSH low price penny stocks, many of which had undergone shares consolidation and then followed by fund raising by smart directors to collect more money from shareholders via rights issue |
whistlebower99 4855 posts | Posted by whistlebower99 > Mar 11, 2024 1:48 PM | Report Abuse FOR NEWBIES CIRCULAR IS OUT CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED CONSOLIDATION OF EVERY 30 EXISTING ORDINARY SHARES IN FINTEC ("FINTEC SHARES" OR "SHARES") INTO 1 FINTEC SHARE ("CONSOLIDATED SHARE") ("PROPOSED SHARE CONSOLIDATION") | https://www.klsescreener.com/v2/announcements/view/6654005 |
Musang King 986 posts | Posted by Musang King > Mar 12, 2024 6:44 PM | Report Abuse CONSOLIDATE 30:1 EGM 02/APRIL/2024 AT 11AM VIRTUAL EGM ONLY. I THINK IT'S GOOD IF YOU HAVE MILLIONS OF SHARES, GIVING OPPORTUNITY FOR FINTEC TO MOVE UP EASILY ONCE AFTER CONSO. PRICE WILL MOVE UP AS THERE ARE 30 TIMES LESS SHARES IN THE MARKET. IF DROP, WE CAN STILL BUY SOME MORE TO KEEP SO THAT WE CAN REDUCE OUR AVERAGE BUYING COST FOR FINTEC MORE EASILY. I BELIEVE FINTEC SHARE PRICES CAN MOVE UP WITHOUT MUCH HINDRANCES AS THE NTA (NET WORTH) THEN WILL BE APPROXIMATELY RM1.20 PER SHARE. SELLING WISE, IT'S EASIER TO SELL AS SELLING A SMALL AMOUNT OF SHARES REPRESENT 30 TIMES OF WHAT WE ARE HOLDING NOW. OBVIOUSLY, I AM VOTING FOR THE EGM. I THINK IT'S A VERY GOOD MOVE, PROVIDED THE MANAGEMENT DO NOT THINK OF ADDING NEW PRIVATE PLACEMENT OR ESOS TO ADD NEW SHARES ANYMORE. THIS IS EXTREMELY IMPORTANT FOR THE BENEFIT OF ALL FINTEC LOYAL SHAREHOLDERS. |
cheated 918 posts | Posted by cheated > Mar 14, 2024 9:49 PM | Report Abuse Fintec RI nobody in i3 subscribe true? |
cheated 918 posts | Posted by cheated > Mar 14, 2024 9:49 PM | Report Abuse SC confirms raid on some listed firms over suspected abuse of fund-raising activities https://theedgemalaysia.com/node/704599 |
Musang King 986 posts | Posted by Musang King > Mar 15, 2024 3:21 PM | Report Abuse Regarding those Fintec-PA I have, I apply to convert them to Mother Shares today. Submitted my Filled Up Form - Original Copy signed passed to Tricor Customer Service Counter at Ground Floor, Tower A, Vertical Business Suite, Bangsar South. They required RM20.00 as service charge for conversion using surrendering of 11 Fintec-ICPS to 8 Fintec share method. Good luck to all of us, Fintec Global Loyalist. |
Musang King 986 posts | Posted by Musang King > Mar 15, 2024 6:57 PM | Report Abuse Cheated : Fintec RI nobody in i3 subscribe true? THERE IS NO RI FOR FINTEC UNDER THIS CONSOLIDATION EXERCISE UNLIKE MLAB, AT AND OTHERS. FINTEC EGM IS ONLY FOR CONSOLIDATION OF SHARES FROM 30 TO 1. THAT'S ALL. OUR MAIN PURPOSE OF CONSOLIDATION IS TO REDUCE THE HUGE NUMBERS OF EXISTING SHARES BY 3O TIMES SO THAT FINTEC FUTURE SHARES CAN GO UP WITHOUT HINDRANCES. WHAT IS THE POINT OF CREATING MORE SHARES BY RIGHT ISSUE, PP OR ESOS ? IT DEFEATS THE PURPOSE OF SHARE CONSOLIDATION EXERCISE. PLEASE PROTEST IF THERE IS RI , PP OR ESOS IN THE FUTURE UNLESS THERE IS A NEED FOR MORE FUNDS FOR VERY USEFUL PURPOSES. |
whistlebower99 4855 posts | Posted by whistlebower99 > Mar 16, 2024 12:37 PM | Report Abuse FOR NEWBIES https://thecorporatessecret.com/blog/2024/03/15/sc-serbu-syarikat-mafia-korporat-kenneth-vun-di-menara-lian-hoe-tropicana-dakwaan-penipuan-saham-rm20b/ |
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Musang King 986 posts | Posted by Musang King > Mar 16, 2024 4:24 PM | Report Abuse NOTED THAT WE ARE VERY CONCERNED WITH THE LATEST RAID BY SC ON THE MAFIA CORPORATE CASE. AFTER READING THE SC NEWS ABOVE, NOTE THAT KENNETH VUN ( UNDER THE ARM OF SANSTON FINANCIAL CORP LTD ) ONLY INVOLVED FINTEC GLOBAL AT THE INITIAL STAGE WHERE FINTEC PRICES WENT UP TO 16.7 SEN AT ONE TIME A FEW YEARS BACK. MANY INVESTORS SUFFERED SERIOUSLY AFTER FINTEC SHARES WENT UP AND TUMBLING DOWN TO HALF A SEN NOW. THOSE EARLY INVESTORS INCLUDING RI , ICPS , PP, SIS AND ESOS INVESTORS ALL REALLY HATED HIM SO MUCH FOR SIPHONING THEIR HARD EARNED MONEY. TODAY, LUCKY TO SAY, KENNETH VUN, SOPHIA CHIN, VICTOR CHIN BOON LONG, CAROL VUN, GRACE VUN, MAK SIEW WEI AND BENSON TAY ARE NOT INVOLVED WITH OUR FINTEC DIRECTLY. THERE ARE TWO OR THREE PROXIES OF KENNETH VUN DETECTED STILL SITTING ON THE BOARD OF SEACERA AS AT TODAY. I AM VERY PLEASED THAT FINTEC RECENT EXERCISE ONLY ASKED FOR SHARE CONSOLIDATION 30:1 AND NOT ADDING ANYMORE NEW SHARES LIKE RI & NEW WARRANT TO FINTEC LATELY. WHEN MLAB AND ATS WENT FOR THEIR CONSOLIDATION, THEY DID ASKED FOR RI PLUS FREE WARRANTS WHICH DEFEATED THE PURPOSE OF THEIR SHARE CONSOLIDATION EXERCISES. SUCH NEW PP, RI WITH FREE WARRANTS CERTAINLY MEANS THERE IS ELEMENT OF CHEATING ON THEIR CURRENT INVESTORS MORE OUT OF THEIR HARD EARNED MONEY. HOW TERRIBLE - KENNETH VUN & THEIR PROXIES WERE DOING ???!!!???. AS FINTEC SHAREHOLDERS, WE MUST KEEP A VERY CLOSE EYES WATCHING THESE PROXIES MOVEMENTS. TO OUR BOARD OF DIRECTORS OF FINTEC GLOBAL BERHAD, PLEASE DO NOT ALLOW ANYMORE OF SUCH MANIPULATION IN OUR GROUP OF COMPANIES IN FINTEC FROM NOW ONWARDS. THANK YOU VERY MUCH. |
sitia 1246 posts | Posted by sitia > Mar 19, 2024 11:26 AM | Report Abuse Very well said Musang King. EVER SINCE 2020, so many bad news of FINTEC being circulated on i3. I hope the company really come out to clean up the image of FINTEC GLOBAL. Image of a company is very important. |
sitia 1246 posts | Posted by sitia > Mar 19, 2024 11:26 AM | Report Abuse I don’t think is Fintec involved in the raid. Tq |
Icon 888 2214 posts | Posted by Icon 888 > Mar 19, 2024 11:38 AM | Report Abuse Consolidate 30 To 1 la |
sitia 1246 posts | Posted by sitia > Mar 19, 2024 3:49 PM | Report Abuse Many stocks are consolidating. IRIS , 4:1. Good stock also consolidate. |
Musang King 986 posts | Posted by Musang King > Mar 19, 2024 5:28 PM | Report Abuse Consolidate for the goodness and benefit of the All the Shareholders is OK. Don't consolidate and then issue new shares again using whatever methods to cheat the investors from their hard earned money. Example is MLAB and EDU-SPEC recently. |
sitia 1246 posts | Posted by sitia > Mar 20, 2024 1:44 PM | Report Abuse A company image is very important. When received backlash from some public, a company will try their best to ratify.But Fintec didn't. Being label as con, money laundering, is a tarnish image for company like Fintec. It only strengthen the roadside rumors that Fintec is a con. I hope Fintec can explain it. Please don't play the silent game. Shareholders are worry. |
Musang King 986 posts | Posted by Musang King > Mar 26, 2024 6:52 PM | Report Abuse [FINTEC] Conversion of Preference Shares on 26-Mar-2024 Stock [FINTEC]: FINTEC GLOBAL BERHAD Announcement Date 26-Mar-2024 Listing Date 27-Mar-2024 New Type/Class? No Type Conversion of Preference Shares Details Conversion of Irredeemable Convertible Preference Shares No. of shared issued 3,300,000 Issue Price Malaysian Ringgit (MYR) 0.110 |
Musang King 986 posts | Posted by Musang King > Mar 27, 2024 5:22 PM | Report Abuse I got my Fintec-PA converted to Fintec Shares listed today 27/3/2024. Service Charge RM20.00 cash paid to TRICOR Customer Service Counter at Tower A, Ground Floor of Vertical Biz Suite, Avenue 3, Bangsar South. |