LKL and IMPIANA are the latest high NOSH penny stock to join the list of share consolidation stocks. https://www.klsescreener.com/v2/announcements/view/3567035
================ 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
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Be careful trading high NOSH loss making penny stock ==================== TAYOR,
MERIDIAN is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3280558 Announcement dated 2 August 2022
=================== 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
=================== 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
List of penny stocks with shares consolidation :-
2022 in progress - MNC, MERIDIAN, LKL, IMPIANA, FAST, VSOLAR
(i) proposed consolidation of every 10 existing ordinary shares in MNC (“MNC Shares” or “Shares”) into 1 MNC Share (“Consolidated Shares”) (“Proposed Share Consolidation”); and
(ii) proposed bonus issue of up to 94,734,940 new warrants in MNC (“Warrants C”) on the basis of 3 Warrants C for every 8 Consolidated Shares held on an entitlement date to be determined and announced later (“Proposed Bonus Issue of Warrants”).
Further details of the Proposals are set out in the attachment below.
BONUS ISSUE OF UP TO 94,734,940 NEW WARRANTS IN M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY") ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 8 EXISTING ORDINARY SHARES IN MNC HELD AT 5.00 PM ON 10 NOVEMBER 2022 ("BONUS ISSUE OF WARRANTS") Shareholder's Approval No Ex-Date 09 Nov 2022 Entitlement date 10 Nov 2022 Entitlement time 5:00 PM
========== Loss making penny stock giving bonus warrant. Be careful holding worthless warrant on expiry date Warrants to enrich operators, big shareholders and directors?
CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY") ("MNC SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 8 NOVEMBER 2022 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Ex-Date 07 Nov 2022 Entitlement date 08 Nov 2022 https://www.klsescreener.com/v2/stocks/announcement/0103/2468099
==================== BONUS ISSUE OF UP TO 94,734,940 NEW WARRANTS IN M N C WIRELESS BERHAD ("MNC" OR THE "COMPANY") ("WARRANTS C") ON THE BASIS OF 3 WARRANTS C FOR EVERY 8 EXISTING ORDINARY SHARES IN MNC HELD AT 5.00 PM ON 10 NOVEMBER 2022 ("BONUS ISSUE OF WARRANTS") Ex-Date 09 Nov 2022 Entitlement date 10 Nov 2022 Entitlement time 5:00 PM https://www.klsescreener.com/v2/stocks/announcement/0103/2468105
================= On behalf of the Board, TA Securities wishes to announce that the Company has resolved to fix the exercise price of the Warrants C at RM0.09 per Warrant C.
The exercise price of the Warrants C represents a discount of approximately 8.16% to the theoretical adjusted 5-day VWAP of MNC Shares of RM0.098, calculated based on the 5-day VWAP of MNC Shares up to and including 20 October 2022 (being the last trading day before the date of this announcement) of RM0.0098 and after adjusting for the effects of the Share Consolidation.
This announcement is dated 21 October 2022. https://www.klsescreener.com/v2/announcements/view/3626381
================= Take note of ex-date for shares consolidation, bonus warrant and warrant exercise price
NOSH = 2,318,535,813 will be consolidated to 231,853,581 shares
================ TAYOR
26/10/2022 9:32 AM
hoot9e996consolidation coming soon, be prepare to catch the dip after consolidate
8899EL8899THE BIG BOSSES START TO MOVE THE RM30MIL. CASH DEPOSIT INTO OTHER RECEIVABLE,.........YOU WILL SEE THESE MONEY BEING WRITE OFF EVERY QUARTER AS LOSES
07/11/2022 10:53 AM
bojedManaged to buy at 0.12 and sold all at 0.135. RM6k profit in not more than 4 minutes. Maybe it will go up even higher after this, I don't know and nor do I care. Goodbye all and may God bless those with good hearts.
8899EL8899THE BIG BOSSES ARE LOOTING THE COMPANY,........DO YOU THINK YOUR SHARE WILL GO UP ?.........THINK WISELY,........DO YOU THINK THE BIG BOSSES WILL DUMP OR BUY MNC ?
07/11/2022 8:49 PM
JazzKhor Mdrtcan help me calculate? initially i got 60000 unit at 0.015. now suddenly become 0.13. what happen? do i earn or lose? i already sell it very early. just wanna now how does the magic happen
Managed to buy at 0.12 and sold all at 0.135. RM6k profit in not more than 4 minutes. Maybe it will go up even higher after this, I don't know and nor do I care. Goodbye all and may God bless those with good hearts.
Managed to buy at 0.12 and sold all at 0.135. RM6k profit in not more than 4 minutes. Maybe it will go up even higher after this, I don't know and nor do I care. Goodbye all and may God bless those with good hearts.
hoot9e996this funny 1 if u dont know the maths behind after consolidation/bonus u are screwed real hard ANN DATE EXP DATE 21-Oct-2022 09-Nov-2022 BONUS_ISSUE Bonus Issue 3.0000 : 8.0000 21-Oct-2022 07-Nov-2022 CONSOLIDATION Share Consolidation 1.0000 : 10.0000
25/11/2022 3:31 PM
hoot9e99610 BECOME 1 mother share then every 8 mother share, free 3 warrant C. actually now looking at warrant WC, i think u make money back a bit
25/11/2022 3:33 PM
8899EL8899RM30MIL. HAVE BEEN MOVE TO OTHERS RECEIVABLE,.........
THE MONEY BEING PARKED IN THEIR POCKET ALREADY,........
MEAN THE BIG SHOT WILL VACANT THEIR POSITION IN MNC VERY SOON,......
THEIR HOLDING WILL BE LESS THAN 5%,........
THEY WILL DUMP EVERYTHING TO YOU,.........
& SUBSCRIBE THE NEW RIGHT ISSUE AT VERY CHEAP PRICE,........
DO YOU THINK IS WORTH TO BUY MNC NOW ?.........
DON`T KNOW HOW MANY ROUND THEY WILL DO SOMETHING LIKE THIS,.........
IF YOU INVEST IN THEM, YOU WILL BE DEAD !........
& CHEW YOU DOWN TO NOTHING !
27/11/2022 10:54 AM
8899EL8899GAMES NOT OVER YET, DON`T BE TOO HAPPY !
IF THE RUBBISH BOSS CALL FOR SHARE CONSOLIDATION AGAIN TO TRAP YOU ,........
SHARE CONSOLIDATION 5 TO 1 OR 10 TO 1,.........
WHAT WILL YOU DO ?..........
THE RUBBISH BOSS DUMPED MNC TO 2SEN LEVEL,........
HOW ARE YOU GOING TO RECOVER YOUR LOSSES ?.........
THEY MAY CALL FOR RIGHT ISSUE AT 10SEN,........
YOUR COST ARE MORE THAN 75SEN !...NOT INCLUDE EARLIER SHARE CONSOLIDATION !
MNC WILL CALL FOR SHARE CONSOLIDATION AGAIN,........
WITH LARGE AMOUNT OF RIGHT ISSUE AT FEW SEN,.......
IF YOU ENTER NOW,.......
YOU WILL BE PUSHED TO A CORNER,........
WATCHING THE RUBBISH BOSS TAKING BACK BIG CONTROL OF YOUR COMPANY,........
YOU BECOME VERY TINY SHAREHOLDERS PAID A VERY HIGH PRICE,........
02/12/2022 8:07 AM
8899EL8899DO YOU KNOW THAT, FIRST ROUND 10 TO 1 SHARE CONSOLIDATION & SECOND ROUND SHARE CONSOLIDATION 5 TO 1 MEAN TOTAL 50 TO 1
04/12/2022 7:58 AM
whistlebower99Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
Investment in other penny stocks https://www.bursamalaysia.com/market_information/announcements/company_announcement#/?category=all
1. Notice of Person Ceasing (Section 139 of CA 2016) BCM ALLIANCE BERHAD
Particulars of Substantial Securities Holder Name M N C WIRELESS BERHAD Date of cessation 26 Aug 2021 No of securities disposed 14,945,000 Date of notice 07 Sep 2021
=============== 2. Notice of Person Ceasing (Section 139 of CA 2016) SANICHI TECHNOLOGY BERHAD
Particulars of Substantial Securities Holder Name M N C WIRELESS BERHAD Date of cessation 24 Jun 2021 No of securities disposed 38,989,500 Date of notice 28 Jun 2021
=================== 3. Notice of Person Ceasing (Section 139 of CA 2016) METRONIC GLOBAL BERHAD
Particulars of Substantial Securities Holder Name M N C WIRELESS BERHAD Date of cessation 04 Dec 2020 No of securities disposed 37,173,800 Date of notice 19 Feb 2021
================= Have to verify whether MNC still currently invested in above loss making penny stocks
================= When company fund depleted, directors can easily raise fund via shares issuance to PP, ESOS or RI
M N C WIRELESS BERHAD ("MNC" OR "THE COMPANY") - UPDATE ON MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN MNC AND HOT TV ENTERTAINMENT SDN. BHD. ("HOT TV")
Further to the Company's announcement made on 23 December 2022 pertaining to the MOU made between the Company and Hot TV to kick-start its Lifestyle e-commerce Platform by expressing its interest to acquire, invest, develop or collaborate with Hot TV, the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.
================ M N C WIRELESS BERHAD ("MNC" OR "THE COMPANY") - UPDATE ON MEMORANDUM OF UNDERSTANDING ("MOU") ENTERED BETWEEN MNC AND SANICHI PROPERTY SDN. BHD. ("SPSB")
Further to the Company's announcement made on 23 December 2022 pertaining to the MOU made between the Company and SPSB for the purpose of providing online leasing or short-term luxury rental service for 120 units of Marina Point, SPSB’s property project located at Lot 129, Klebang, Melaka, the Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously.
================= As usual, many MOUs made and most of them are likely terminated in due time Directors might issue more MOUs to create excitement to attract punters, investors and newbies
Share consolidation and bonus warrant in Nov 2022 :- 21 Oct 2022 09 Nov 2022 Bonus Issue (warrant) 3.0000 : 8.0000 21 Oct 2022 07 Nov 2022 Share Consolidation 1.0000 : 10.0000
================ Current NOSH less than 250 million shares, very lean Be aware directors might raise more fund via share issuance to PP, ESOS or RI Massive share issuance might increase the NOSH to BILLION shares again and causing dilution to shareholders equity % and EPS
=============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
DEALING IN QUOTED SECURITIES UNDER RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS
Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, M N C Wireless Berhad (“MNC”) wishes to announce that the aggregate purchase consideration of quoted securities for the preceding twelve (12) months which has not been announced, has exceeded 5% of MNC’s latest audited consolidated net assets, details are as follows:-
RM % of MNC’s latest audited consolidated net assets
a. Aggregate purchase consideration within the preceding twelve (12) months 5,717,281.18 6.75%
b. Investments in quoted securities as at 8 May 2023 - Total Cost 4,434,071.51 - Total Book Value 3,485,033.03 - Total Market Value 3,485,033.03
This announcement is dated 9 May 2023. https://www.klsescreener.com/v2/announcements/view/4807179
====================== Penny stock directors using company fund to invest in other penny stocks Incurring Paper losses Directors have power to raise fund via share issuance to PP, ESOS or to acquire assets causing dilution to shareholders equity % and EPS, if any
===================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
Another quarter of losses Profit/(loss) for the period -2,473,000 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3365510
Multi quarter, multi year loss making company After share consolidation (10:1) in Nov 2022, NOSH is at a low of 232,367,876 shares
Directors might again raise fund via shares issuance to PP, ESOS or RI to increase the NOSH and dilute shareholders equity %
================== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance
