Barakah proposed in a REGULARISATION PLAN to issue 4 new shares at RM 0.2 for every outstanding share. They will collect enough money to pay salaries and office expenses for a year or two. Also, they will pay fees of a few millions for issuing shares, warrants, etc. This sure is a good plan as the management will have free money to use for 1-2 years, and also to pay bonuses, etc. However, after 2 years the exercise will have to be repeated. My proposal to management would be to get a new contract using Petronas licence and get funding through work.

http://klse.i3investor.com/web/blog/detail/BarakahPN17/2023-07-08-story-h-246454927-Comments_and_opinion_regarding_PN17_Regularisation_Plan_of_Barakah_Offs

#i3investor