AT Systemisation- what investors should know

Koon Yew Yin 27 Nov 2020

About 2 weeks ago, Mr Mak, executive director came to
my house to take me to visit his glove factory in
Chemor, Perak. He also invited many other investors
and reporters. This has created a lot of publicity. As a
result, many investors rushed to buy ATS share
aggressively to push up the share price. I was misled
to buy some shares and I post 2 buy recommendation
articles.
As soon as I found out my mistake, I posted my article
to forewarn investors.
After careful research, I found out the following
which all investors should know.
Its total number of issued shares is 3,282 million
On 27 Nov, the company placed out 30 million shares
at 17 sen per share.
On 27 February, the company issued 998 million shares
at 3.5 sen per share and 748 million free convertible
warrants to the shareholder. For every 4 shares held by
a shareholder, he was entitled to buy 2 right issues at
3.5 sen per share with 3 free warrants which can be
converted within 5 years and the conversion price is
3.5 sen per share.
In addition, under ESSO all employees are entitled to
buy 328 million shares at 3.5 sen per share.
The company has not produced 1 medical glove.
Moreover, the company has reported losses in
every quarter in the last 7 quarters.