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innopac - current price in share market is 0.008 - 0.009c
- Thread starter bakkuttay
- Start date
This is the magic performed by our world class SGX....
Everyday the volumes are dominated by penny stocks so much so they have to save face and do share consolidations across the board to a minimum share value of 0.20 cts..
It leaves you wonder why are they paid millions with record bonuses when the SGX is in such a flux..???
Or is it the norm like our ruling elite ministers.. remunerate and pay yourselves what amount u want as there is no check and balance in this country for them.
When saw this thread, went to their website to take a look
INNOPAC HOLDINGS LIMITED
(Incorporated in Singapore)
(Company Registration No. 197301788K)
_________________________________________________________________________________
PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF SHARES WITH FREE
DETACHABLE WARRANTS
_________________________________________________________________________________
1. INTRODUCTION
1.1 The Directors (the “Directors”) of Innopac Holdings Limited (the “Company”) wishes to announce
that the Company is proposing a renounceable non-underwritten rights issue of up to
6,930,364,990 new ordinary shares in the capital of the Company (the “Rights Shares”) and up
to 3,465,182,495 free detachable warrants (the “Warrants”) (the “Rights cum Warrants Issue”),
on the basis of two (2) Rights Shares and one (1) free detachable Warrant for every one (1)
issued ordinary share (the “Shares”) in the capital of the Company held by the shareholders (the
“Shareholders”), fractional entitlements to be disregarded, as at a books closure date to be
determined by the Directors for the purpose of determining the Shareholders’ entitlements (the
“Books Closure Date”).
Share Capital
Line
Issued and Paid-up Share Capital $112.6million
Line
No. of Shares Issued 3,465,182,495 ordinary shares
After the rights issue and all taken in, there is going to be at least 10 BILLION Shares.
Came across an article on Million, Billion, Trillions.......
1 Million seconds is 11.57days
1 Billion seconds is 31.7 YEARS
Frankly, it really amaze me to even buy in........
you buy you die
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