Agreed....if you lost your money nexgram goes bankrupt it means you are stupid and weak.

Of course it's a chicken shit done by a person with chicken mentality...instead of presenting evidence before their shareholders of their innocent, the gay lord and the indon lover file an injunction to prevent them being held accountable for their crimes. The purposedly file it today instead of shortly after the announcement of EGMs is to prevent the EGMs from ever happening.

Marina, do you rush in cooking your burger or you patiently cook it until it's well done? Same goes here...

Look, Tey Por Yee the chicken shit is afraid LOL LOL

KUALA LUMPUR (Nov 26): Protasco Bhd ( Financial Dashboard)'s EGM reconvened after it was interrupted by the news that Tey Por Yee and Ooi Kok Aun filed an injunction at the high court to prevent it from carrying on today.

Representative of Protasco said that while the High Court of Kuala Lumpur has yet to decide on the injunction application, the EGM was reconvened so that shareholders could vote on whether to proceed with the EGM today or postpone it to 3pm tomorrow.

http://www.theedgemarkets.com/my/article/protasco-shareholders-vote-adjournment-egm

TPY is afraid mah.......... LOL...

@marina, indeed I have proof.

@clement, it is a hole because the report failed to explain the origin and the purpose of that RM 90mil. The number for what ever reason just exist and gone without trace.

@marina, I don't know everything but I certainly have more information on nexgram, TPY etc than you. Sell the 5 lots...it's your hard earned money from selling burgers right?

@marina, because after the shenanigans at protasco people starts digging on Tey Por Yee, his company etc...then we found the RM 90mill hole in last year report. Not a lawyer...my fifth and final denial. After this believe at your own risk.

Save your self man.....sell nexgram.

@marina, all based on fact.

@steve, sensorlink is dead weight

@shaun...you buy at 0,75 then it drop to 0,01.

@tua, all in good time my man...

@steve, check nexgram last year financial report.

@bing...as someone who invest his money in the capital market we have to know all dirty tricks to fool small investors like me.

@steve, TPY love to cook but not a good one that's why we know a huge RM 90mil unexplained hole in nexgram's reports.

@sure, it calls deliberation so the shareholders could decide for themselves of the facts and evidence presented.

@bing...am not.

@antz, if they want to cook then they will make it as a profits, in particular ahead of two EGMs....the method is simple....just establish a BVI company create a fictitious transaction and woilla the loss is gone and profits, profits everywhere...as you know...TPY have zounds of BVI company while protasco has none.

@antz, no loss to big to hide....case in point, parmalat and enron hides their billion dollars loss as profits for years until it finally caught up with them.

@cow, not arguing...merely presenting facts...

@bing, and it is the reason for nexgram's downfall.

@bing of course not...all I said here is facts....protasco's loss? Show it prepare an uncooked books. The RM 90mill hole in nexgram's report? Show it cooked it books.

@antz, protasco suffering loss but it can still pay profit so not that bad. On contrary when the last time nexgram pay it profit? LOL

@bing, if you buy protasco now, next you will have a huge birthday bash when it price reach RM 4,5.

It is well known that nexgram's report is cooked....proof? The RM 90mil unexplained hole. Protasco? Loss or profit is part of business cycle...what important is the company disclose such loss to it investor. Protasco is run by profesional businessman while nexgram is manage by not so profesionnal liar and crooks.

Wrong, investors will invest to companies that disclose their strength and weakness truthfully. To that end, Protasco is the one that publish uncooked financial record.....while nexgram? Meh....all of their number is one big fat lie.

@antz, indeed and nexgram is a cancer to your investment. Who's my boss?

@antz, it is your wishful thinking...the truth is TPY and OKA deceived Protasco and Dato Chong....and to add insult to the injury, they lied to Gideon Tan, their own lawyers and it is why Gideon discharge himself.

@marina: good for you.....

@others: you should follows her example.

Of course number lies dummy....it is the oldest ways to lie: using number to confuse other. Ask enron and lehman's victims if you don't believe me.

Nexgram? Bad fundamental, no independent directors, all projects dead, founders heading to jail, RM 90mil irregularity in the financial report etc.

That what I like about Protasco...they always prepared real report...nexgram? They always falsified their report for the last five years...

@86, shares goes up and down is nothing special....m

@jack, no, its mean despite the "huge loss" due to investment they still have enough cash to pay dividend. Can the weakling nexgram does that?

Nexgram's chart far from steady....it could collapsed anytime soon...while protasco is in great shape.

@justice, actually no...I told you it is a matter of public record so it is well documented in official document.

That is normal...after you invest money there would be a momentary loss on your financial report and it also shows that protasco prepare an as is and uncooked financial report.

@justice: last quarters? Loss RM 69mil but still distribute dividend 5cent/share. Not bad eh?

The rest: google yourself...it's all a matter of public record and reported by the media.

@gohlai...aio...you think protasco can have business as usual when there are board members who constantly cheats the company? Think with your brain mah..

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Investor Central: Protasco Berhad’s EGM — Are minority shareholders adequately informed?
November 25, 2014

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KUALA LUMPUR, Nov 25 — Protasco Bhd’s shareholders will gather tomorrow at Multipurpose Hall, Unipark Suria, Jalan Ikram-Uniten, Selangor, to vote on resolutions demanding the removal of directors Tey Por Yee and Ooi Kock Aun.

Protasco Bhd and its Group Managing Director cum promoter Dato’ Sri Chong Ket Pen have also filed a suit against Tey and Ooi, asking them to refund US$22 million the company paid to acquire a 63 per cent stake in Anglo Slavic Indonesia (PT ASI) alleging that there was fraud and forgeries among other matters.

But Tey’s investment vehicle Kingdom Seekers Ventures Sdn Bhd filed a countersuit against the company and Chong claiming that he made RM10 million illegitimate gains in the transaction.

All of this because Protasco Bhd’s acquisition of a controlling stake in PT ASI, which was initiated in December 2012 and amended in January this year, was terminated in July.

Protasco alleges that Tey and Ooi didn’t disclose their interests in the acquisition.


Tey bought a 27.11 per cent stake in Protasco Bhd from its former Deputy Executive Chairman Dato’ Mohd Ibrahim bin Mohd Nor in November 2012.

Ooi was appointed as Protasco Bhd’s independent director on December 10, 2012.

He was a nominee of Tey, as mentioned in Protasco Bhd’s lawsuit.

In response to our email, Protasco Bhd said Tey nominated Ooi on the basis of the shares he owned in it, which does not necessarily mean the company or its Board knew at the time of appointment that Ooi would be his proxy or agent on the board.

It further replied, no company would be able to recruit/nominate anyone to become, for example, independent directors if the bare fact of nominating them meant they were proxies/agents. And at the end of the day, all directors owe statutory and fiduciary duties to the company and its shareholders especially the minorities, which in this case Tey and Ooi have breached.

In its lawsuit, Protasco Bhd said the Board decided to form an Investigation Committee (IC) to look into the sale and purchase agreement and other matters related to the acquisition of ASI after it was terminated in July.

The IC found out that Tey had an in-principle agreement with Protasco Bhd’s Group Managing Director Dato’ Sri Chong Ket Pen on November 3, 2012 to develop oil and gas based projects in Indonesia jointly with Protasco Bhd.

It was subject to that agreement that Tey bought a 27.11 per cent stake in Protasco Bhd in December 2012.

Protasco Bhd also said that Tey introduced the PT ASI deal to the company.

Apparently, Protasco Bhd’s Group Managing Director Dato’ Sri Chong seemingly knew a few things about Tey’s interests in the transaction.

Responding to our email, Protasco Bhd said the fact that Tey was promoting the deal was known to the Board and it was not prohibited. However, what was not known was that Tey hid his beneficial interest (an actual stake) in PT ASU, which is something that has to be declared and prevents him from participating in Board decisions on the deal.

In his counter suit, Tey claimed Chong made illegitimate gains of RM10 million in the acquisition of PT ASI.

To that, Chong responded that Tey borrowed RM20 million from him in December 2012 to buy shares in Protasco Bhd and the RM10 million that Tey claims to be illegitimate gains was actually a part repayment of the loan.

Sadly, the minority shareholders are stuck between the suit filed by Protasco Bhd that will next be heard on December 8 and the countersuit filed by Tey that will be heard on January 12.

Ultimately, it is up to the courts to decide on these matters.

When they gather for the EGM on Wednesday, the minority shareholders might wonder how independent Ooi was despite being a nominee of Tey.

On the other hand, Bursa Malaysia and the Securities Commission would be watching closely to see if Protasco Bhd obeyed the Listing Rules and other securities laws in the last couple of years.

Certainly, Wednesday’s EGM will not be the final word in what seems to be a long drawn battle. — Investor Central

 

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Our reports and presentations (‘our contents’) are not investment advice nor should they be construed as investment advice or any recommendation of any kind; nor meant to cast allegations or insinuations of any kind against any individuals or entities. Before acting on the material in our contents, you should either seek independent advice tailored to your particular circumstances and intentions or rely on your own judgement.

Our reports and presentations express our observations, opinions and theoretical analysis based on the facts that we have gathered or have been provided to us. While we endeavour to ensu

10 reasons that minority shareholders should take side with Dato Chong:

1. 12 years of unbroken profits (including during 2008 financial crisis).

2. Dato Chong manages to ensure of Protasco's survival during 1998 asian crisis without firing any employee.

3. Tey Por Yee and Ooi Kock Aun's directors in nexgram believe they are guilty and therefore resigned on the same day Protasco filed their suit. Up to date no replacement is brought in.

4. Gideon Tan, lawyer of TPY and OKA recused himself, which means not even their lawyer believe that they have a case against Protasco and Dato Chong.

5. B'll Chong from MD Corp are planning to get rid of TPY from his company.

6. RM 90mil of unexplained irregularity found in Nexgram's financial report.

7. Every company mentioned in TPY's lawsuit to argue that Dato Chong received kick-back actually are owns by him and linked to Nexgram.

8. Up to date, nexgram failed to find new contractor for it cyber jaya's project.

9. TPY, OKA, Tey Por Chen, Seh Poh Yee offloading their nexgram shares to unknown third party.

10. TPY and OKA are likely be guilty of the following criminal offense: perjury, money laundering, contempt of court and embezzlement.

10 reasons that minority shareholders should stay away from nexgram:

1. 12 years of unbroken profits (including during 2008 financial crisis).

2. Dato Chong manages to ensure of Protasco's survival during 1998 asian crisis without firing any employee.

3. Tey Por Yee and Ooi Kock Aun's directors in nexgram believe they are guilty and therefore resigned on the same day Protasco filed their suit. Up to date no replacement is brought in.

4. Gideon Tan, lawyer of TPY and OKA recused himself, which means not even their lawyer believe that they have a case against Protasco and Dato Chong.

5. B'll Chong from MD Corp are planning to get rid of TPY from his company.

6. RM 90mil of unexplained irregularity found in Nexgram's financial report.

7. Every company mentioned in TPY's lawsuit to argue that Dato Chong received kick-back actually are owns by him and linked to Nexgram.

8. Up to date, nexgram failed to find new contractor for it cyber jaya's project.

9. TPY, OKA, Tey Por Chen, Seh Poh Yee offloading their nexgram shares to unknown third party.

10. TPY and OKA are likely be guilty of the following criminal offense: perjury, money laundering, contempt of court and embezzlement.

Silly boy....I don't know dato chong mah....aio...

Bing, not because of me....that have Tey's hand signature all over it.....he did the same thing with inovisi's shares....

@sing, she is too old mah...you like grannie eh?

@steve, solution: sell.

@ej, it is always too late to acquire nexgram's share.

Aio...you should learn to read beyond the line...dato clearly said his purpose is to recover the money, meaning TPY return it then the issue is closed. This is in line with the article three days ago which to the effect said that the dispute will end in stalemate so the parties should settle, which dato said: he return the money we revoke the suit, and tey's term is: he say sorry we settle this tomorrow.

Dato said during interview yesterday and published today mah...silly boy...

@sing, it is Dato and TPY's plans to buy all available shares in the market.

@win, you will thank me later.

@marina, only talk facts. If such fact seen as bad mouthing nexgram then the fact is nexgram is bad. Plain and simple.

http://www.malaysiandigest.com/business/529469-banking-on-support.html

@bing, you need to open newspaper more...that statement was made by Dato Chong in an interview and published yesterday.

@sing, TPY and OKA ex directors and lawyers beg the differ LOL

@marina, not hate mah, but why should I buy a sinking ship even if it is at a bargain price.

@bj, aio...speaks without facts is libel and it a criminal offense....be careful mah...

@marina, only have one answer mah: stay away from nexgram. This always my message for the past three days.

@bing, need a law degree, reads at chambers and be a pupil which I have none to be a lawyer....but it's good to recognised as one even only in the internet.

@Ej, I won't touch nexgram even if it reach 0,01.

@3abdul, what the heck are you talking about? *confuse.

@sing, aio, not good cursing other (and innocent) person to die....not afraid of karma eh?

@bjcorp, we already touch that issue mah....that is just a lie put forward by Tey Por Yee and Ooi Kock Aun which I believe is one of the reason that forced Gideon to recused himself.

@antz, it evident that protasco published it report as is and uncooked but still able to give unbroken divident. Great company eh? Also, their project is real...not hoaxes

@bing, dato chong yesterday said that if tey agreed to return protasco's money then protasco will revoke it suits against TPY and OKA. Fair offer right?