IT represents the total number of shares that are currently held by all investors, and is a key metric used in financial analysis.
BASICALLY, the higher the NOSH, especially for a company bleeding red ink, the more difficult its will be for the company to get back on its feet, as it has cancerous effect on a company's key financial metric such as earnings per share.
LAST week, Bursa Malaysia , VIEW : approved Revenue Group's latest warrant exercise , in a 12 month period that saw Revenue Group, sell of their landed assets, undertake a private placement exercise, among others just to pay staff salary.
THE latest script issues will raise losz making Revenue Group's NOSH to a very unhealthy 3.025 billion.
BURSA Malaysia had also asked Revenue Group to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants as at the end of each quarter together with a detailed computation of listing fees payable.
BURSA Malaysia's request rings is HOLLOW, LAUGHABLE and downright SHAMEFUL to the average investors mindset, considering, that the administration is still living in fear to ask valid questions to Revenue Group, with regards to its maiden warrant issue .
REVENUE Group Bhd has VIEW : publicly acknowledged that RM46.94 million has come into the company via converting the Revenue Group Bhd Warrants on a one for one basis at 75 sen per share
AT RM46.94 million, we are talking about 62.592 million warrants being converted into 62.59 million mother share, at a conversion rate of 75 sen at a time the mother shares were trading at 26 sen per share, by MINORITY shareholders
AT that rate, the so called MINORITY SHAREHOLDERS, could have actually acquired 33 per of the entire equity spread of Revenue Group.
WHY is Bursa Malaysia scared shit, to demand Revenue Group to name publicly who are this MINORITY shareholders, who had insisted on giving away money literally free to Revenue Group, instead of taking control of the company?
IS Bursa Malaysia afraid of the truth, or GOD forbid, some very high ranking people in Bursa Malaysia, were paid large sum of money in exchange for not asking those difficult questions?
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