pinkslipjunkie
3 weeks ago
Your figures also illustrates the current 202 million O/S by adding the October 1st O/S plus the converted shares to the approx. 42 million new shares by the minimal dilution. 160,478,123 + 41,753,877 = 202,230,000 current O/S
CHECK FACT!
Warrant Shares (200 million) are issued first as a commitment fee.
Purchase Notice Securities 276,363,636 shares will be issued later, once specific conditions in the Purchase Agreement are fulfilled.
Max 1m per day. Dido can dump 200m in 10 days
1m/.05 = 20m per day x 10= 200m but he only dilutes 41,751,877
WHY NOT DILUTE IT ALL 200m?
He’s already planning a reverse split, so why not go all-in on dilution? What's the point of holding back?
151,378,942 O/S as of October 1, 2024. Add
(“AOF”) 9,099,181 upon the full conversion of $1,000,000 = 160,478,123
Effect 10/15 To date they dilute 41,751,877 shares.
pinkslipjunkie
3 weeks ago
I at least did like that about the R/S announcement...if they had diluted 476 million shares or even half the OS would be a lot higher I would think...LOL... a lot higher...didn't you say that since October 15th there has only been 41 million dilution?
Since October 15, why hasn’t Dito diluted all 476 million shares? The numbers are clear: the outstanding shares stand at 202.2 million. This is an undeniable fact, there’s no room for misinterpretation here.
Many were worried that the outstanding shares would exceed 500 million by now, but that hasn’t happened.
On October 29, 2024, we saw over 316 million in trading volume, with most shares being sold off by retail investors. We thought it was 100m 200m dilution but that is not the case. The company could have easily dumped 100 million shares that day. So why didn’t they?
We need to consider the bigger picture. Why aren’t they utilizing the full 476 million shares for dilution?
When we break it down, o/s 202.2 million is minimal for a company trading in the penny stock range. If dilution stops, we still have the potential to recover and maintain hope for a turnaround
pinkslipjunkie
3 weeks ago
The completion of the Founder Group Limited was just a couple of weeks ago....As the IPO consultant for Founder Group Limited, they were able to generate approximately US$5.2 million in revenue for VCI Global just on this IPO alone.
Below is the press release on October 24th 2024:
VCI Global Completes Founder Group Limited’s IPO on Nasdaq, Records US$5.2 Million in Revenue
VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”) is thrilled to announce the successful IPO of its client, Founder Group Limited’s (NASDAQ: FGL) (“FGL”) on Nasdaq on October 23, 2024. FGL is a leading Malaysian solar engineering, procurement, construction and commissioning (EPCC) company that was spun off from Reservoir Link Energy Berhad, a Bursa Malaysia-listed company. With expertise in capital market consultancy, VCI Global facilitated FGL’s entire IPO journey, culminating in its trading debut on Wednesday, which resulted in a market capitalization exceeding US$65 million and raised US$4.875 million.
FGL is recognized as the market leader in Malaysia’s solar EPCC sector, providing end-to-end EPCC solutions for solar photovoltaic (PV) facilities. With a proven track record of delivering over 400 Megawatt peak (MWp) solar power plants in Malaysia, FGL’s expertise spans both large-scale solar projects and commercial and industrial (C&I) solar projects. These include utility-scale power plants and smaller-scale installations, typically rooftop-mounted, designed to generate electricity for on-site consumption by commercial and industrial properties. With rapidly growing annual revenues exceeding US$30 million in fiscal year 2023, and a strategic expansion plan into countries such as Singapore, the Philippines and Indonesia, FGL is well-positioned to capitalize on the surging demand for solar energy in Southeast Asia, where capacity is projected to grow significantly in the coming years.
As the IPO consultant for FGL, VCI Global played a crucial role in providing essential guidance and working closely with various professionals throughout the listing process, generating approximately US$5.2 million in revenue for VCI Global.
“We are excited to join the Nasdaq community, enabling us to scale our operations and deliver innovative solar solutions. This listing marks a new chapter for us and reaffirms our commitment to promoting eco-friendly resources and achieving carbon neutrality in the renewable energy space. We extend our heartfelt thanks to VCI Global for their invaluable support and guidance throughout this process,” said Lee Seng Chi, Chairman of the Board of Directors and Chief Executive Officer of Founder Group Limited.
“Bringing Founder Group Limited to the global stage is a significant achievement for us, showcasing our expertise in capital market consultancy. We are proud to have collaborated with Lee and his team in reaching this important milestone in their company’s journey. We anticipate completing two more Nasdaq IPOs by next quarter, underscoring our commitment to high-growth companies in Southeast Asia, particularly in Malaysia, where we are headquartered,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
powerbattles
3 weeks ago
This PROSPECTUS offering and resale of up to 476,363,636 of our ordinary shares. Effect 10/15
The 276,363,636 ordinary shares are part of a separate agreement in the Purchase Agreement dated August 1, 2024, and amended on September 27, 2024. These shares are not issued immediately. Instead, they will be issued to Alumni Capital only when certain conditions in the Purchase Agreement are met.
CHECK FACT!
Warrant Shares (200 million) are issued first as a commitment fee.
Purchase Notice Securities 276,363,636 shares will be issued later, once specific conditions in the Purchase Agreement are fulfilled.
Max 1m per day. Dido can dump 200m in 10 days
1m/.05 = 20m per day x 10= 200m but he only dilutes 41,751,877
WHY NOT DILUTE IT ALL 200m?
He’s already planning a reverse split, so why not go all-in on dilution? What's the point of holding back?
151,378,942 O/S as of October 1, 2024. Add
(“AOF”) 9,099,181 upon the full conversion of $1,000,000 = 160,478,123
Effect 10/15 To date they dilute 41,751,877 shares.
powerbattles
3 weeks ago
Since October 15, why hasn’t Dito diluted all 476 million shares? The numbers are clear: the outstanding shares stand at 202.2 million. This is an undeniable fact, there’s no room for misinterpretation here.
Many were worried that the outstanding shares would exceed 500 million by now, but that hasn’t happened.
On October 29, 2024, we saw over 316 million in trading volume, with most shares being sold off by retail investors. We thought it was 100m 200m dilution but that is not the case. The company could have easily dumped 100 million shares that day. So why didn’t they?
We need to consider the bigger picture. Why aren’t they utilizing the full 476 million shares for dilution?
When we break it down, o/s 202.2 million is minimal for a company trading in the penny stock range. If dilution stops, we still have the potential to recover and maintain hope for a turnaround.
powerbattles
3 weeks ago
IPO revenues are genuine, and you can confirm them when companies go public. For example, VCI Global has successfully completed Founder Group Limited’s IPO on Nasdaq, along with YY Group Holding’s IPO on Nasdaq, among others. The IPO contract with Legacy Corp is also legitimate. These developments are concrete; you can't fake them. Therefore, we must acknowledge that the revenue is genuine.
Treasure Global Inc (TGL) has reported 2,542,164 registered users on its ZCITY App, a payment gateway platform, with revenue of $68.9 million end of 2023. This indicates a legitimate business. However, the $16 million AI contract with them raises some doubts. Upcoming earnings reports should clarify the situation. The legitimacy of VCIG remains uncertain.
As of now, there are 202.2 million shares outstanding. Since December 2023, 140 million shares diluted minus 20m shares bought by Dito.
SVMH’s offerings diluted about 200 shares over two days. Given that this is a penny stock, a dilution of 120 million shares over 10 months isn’t too concerning. While I’m not in favor of a reverse stock split, dilution. It might be a better option than facing delisting. For now, I’m holding my shares, but I will stop classifying them as bullish
gail
3 weeks ago
news- October 29 2024 - 8:33AM…..
…
VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”) is pleased to announce that its subsidiary, V Gallant Sdn Bhd (“V-Gallant”), has been awarded a groundbreaking US$16 million contract to develop an advanced AI digital human-enabled live streaming platform for a Malaysian e-commerce player.
This innovative live-streaming platform integrates a comprehensive development strategy that leverages AI servers powered by NVIDIA H200 Tensor Core GPUs and V-Gallant’s AI software. Engineered to deliver high-quality live streaming enhanced by AI digital human solutions, it provides interactive experiences aligned with industry standards and optimized UX. These solutions are designed for seamless integration within its own ecosystem and compatibility with major platforms like Tencent Holdings Ltd., Meta Platforms, Inc., TikTok, and Instagram. Additionally, they automate critical functions such as content moderation, personalization, audience engagement, and production processes, significantly enhancing the user experience and fostering deeper connections between content creators and audiences.
The Malaysian e-commerce player offers a robust platform designed to facilitate a wide range of e-commerce activities, providing both consumers and merchants with instant rebates and affiliate cashback programs. This innovative platform features a seamless e-payment solution that caters to both online and physical retail environments, enhancing the shopping experience for all users. As of September 25, 2024, the platform boasts a solid network of nearly 3 million registered users and over 2,000 registered merchants, reflecting its expanding reach and influence in the e-commerce market.
According to Statista, the Southeast Asia e-commerce market is projected to reach approximately US$120 billion in revenue by 2029, with a robust annual growth rate (CAGR) of 10.42% from 2024 to 2029. The number of users is expected to exceed 260 million by 2029, resulting in a user penetration rate of 39.8%. Additionally, the average revenue per user (ARPU) is forecasted to be around US$680, underscoring the significant growth potential in this dynamic market.
“This contract represents a tremendous boost for our AI division,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. “As competition in the AI space intensifies, we are well-positioned to secure additional projects within the e-commerce industry, particularly as we approach 2025. Our commitment to innovation aligns with the growing demand for sophisticated digital marketing tools in one of the largest digital markets globally.”
pinkslipjunkie
4 weeks ago
Look here tough guy...this is what we were waiting for...is it not?
VCI Global Completes Founder Group Limited’s IPO on Nasdaq, Records US$5.2 Million in Revenue
VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”) is thrilled to announce the successful IPO of its client, Founder Group Limited’s (NASDAQ: FGL) (“FGL”) on Nasdaq on October 23, 2024. FGL is a leading Malaysian solar engineering, procurement, construction and commissioning (EPCC) company that was spun off from Reservoir Link Energy Berhad, a Bursa Malaysia-listed company. With expertise in capital market consultancy, VCI Global facilitated FGL’s entire IPO journey, culminating in its trading debut on Wednesday, which resulted in a market capitalization exceeding US$65 million and raised US$4.875 million.
FGL is recognized as the market leader in Malaysia’s solar EPCC sector, providing end-to-end EPCC solutions for solar photovoltaic (PV) facilities. With a proven track record of delivering over 400 Megawatt peak (MWp) solar power plants in Malaysia, FGL’s expertise spans both large-scale solar projects and commercial and industrial (C&I) solar projects. These include utility-scale power plants and smaller-scale installations, typically rooftop-mounted, designed to generate electricity for on-site consumption by commercial and industrial properties. With rapidly growing annual revenues exceeding US$30 million in fiscal year 2023, and a strategic expansion plan into countries such as Singapore, the Philippines and Indonesia, FGL is well-positioned to capitalize on the surging demand for solar energy in Southeast Asia, where capacity is projected to grow significantly in the coming years.
As the IPO consultant for FGL, VCI Global played a crucial role in providing essential guidance and working closely with various professionals throughout the listing process, generating approximately US$5.2 million in revenue for VCI Global.
“We are excited to join the Nasdaq community, enabling us to scale our operations and deliver innovative solar solutions. This listing marks a new chapter for us and reaffirms our commitment to promoting eco-friendly resources and achieving carbon neutrality in the renewable energy space. We extend our heartfelt thanks to VCI Global for their invaluable support and guidance throughout this process,” said Lee Seng Chi, Chairman of the Board of Directors and Chief Executive Officer of Founder Group Limited.
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
glenn1919
20 hours ago
Monksdream
2 days ago
SolarRevolution
2 weeks ago
Hot Features
Premium
