Keyasic has some projects on hand but need funds to execute the projects.I am surprised why it don't offer rights issues or borrow from banks ,if these projects can generate good profits.Maybe they have other reasons unknown to us.Instead they offered PP but even PP also extended to another 6 months because no takers.I am starting to doubt the fundamentals of this company.This is my 2 cts opinion only and I hope my views are wrong,as I am still some shares

It is true this is not the right time or mood for rights issue.However the company can still obtain bank loans since it has almost zero debts,if the business really generate good profits .The fact that they are taking the quicker way to get funds thru PP but even the PP also poor response ,and that puzzles me.Maybe the PP wants a lower average traded price and onced confirmed will push up higher.