nop, i use this name to remind everyone of the billion dollar bustards who still roaming free,in spite of being arrested, only to charge them under Section 420, a 1948 law ,where maximun fine is only 50k rgt. Every time a million or billion dollar bustard is arrested, police will use Section 420, the billion dollar question is what happen to the balance of money after the bustard pays 50k fine and walk free? Now you can understand why there are so many Gold investment, CPO farm invesment, Geharu Investment, BirdNest investment, Geharu Investment, Mango Investment, even Pineapple Invest. These bustard just promise 10% return ,collect 50 or 100m , and later pay fine 50k. Malaysia is becoming the HUB for legal conmen . There is NO effort to amend the law ,to increase fine from 50k to 5 times the amount scammed. Many EPF members demand to withdraw 10k from their account, to put in these schemes, and lost all. I have a feeling some politicians are involved by encouraging EPF money withdrawal.

MRDIY shares trading @1.5 rgt, but MrDIY non-stop issue new shares @1.07 rgt directors @1.07 rgt. Apr15th 201,000 share @1.07 Apr 5th 291350 @1.07 Mar 29th 237,900 @1.07 Mar 21th, 248.250 @1.07 Mar 14th, 572,190 @1.07 Mar 7th,349,650 @1.07 Feb 29th, 99,150@1.07 Directors already rewarded with millions in salary and allowance, how come reward again with 50% below mkt prices at the expense of shareholders?

As at today Mar 27th,2024, each factory operator in Malaysia and Singapore earn basic salary of 1500 units in their own currency. But one plate of chicken in Msia is 7.50 and in Singapore 2.5 . This mean Singapore workers has 3 times more money to spend than Malaysian counterpart. The conman knows this . That is why for the past 40 years, he had been "talk bad" about Singapore government to cover up the ringgit plunge from 1:1 to 1:3.5 . And to diivert attention away from the effect of plundering the country wealth.

Mohd Sufian Bin Awang resigned as non executive director of Hongseng.
He was Political Secretary to ex PM Najib !!!!!
Now you understand why they can keep ESOS/PP/RI billions and billions of shares in many companies without fear.

Guys, the syndicate are engaged in non constructive activities, not related to the objective of capital market principles of building a business and increase shareholders value. If you check their qtrly revenue, some not even 1m per qtr. And 20 qtrs of continuos loses.

Money raised from RI/PP/ESOS are used to dabble in stocks of other company which are also doing the SAME thing. This is not honest thing to do .

Do not dabble in this type of Toilet Paper Printer (TPP) counters. There are a few dozen of them in Bursa mkt
For those trap in TPP counters , there will be no hope.
In northen Mymmar Golden traingle cyber scam concentration camp,once you are trapped there, no hope of coming home, even after paying $100k or $ 200k ransom money.
You will be resold to another syndicate, who will demand more RI money.
After they have received $50k ransom, you still cannot walk free.
You will be put in tiger cage ,hands tied, and submerge in dirty river water up to your nose, leaches sucking your whole body. Your head cannot drop down, else water enter your nose.
They will demand more money from your family, failing which you will be sold to organ harvesting syndicate.
They will start to dig out your organ . No anaesthetic given. Skin alive !!!!!
They will show video of you being tortured till your family go borrow or sell houses to redeem you.

YOu cannot escape , because thare are barb wires all around your detention center. The underworld armies are closely monitoring 24/7 over the whole cyberscam detention camp. The dentention camp has the support of corrupted Mymmar government army. police. Even if you manage to jump down from 4th storrey , run to police station for help, 5min later ,police will call the underworld to pick you up . It is corrupt,brutal, greed $$$$$$,lawless out there in Mymmar Northen traingle.
The advice is , do not go near Mymmar Golden Traingle penny stocks.Once in, no come back

Another messy company involving messy Sales and Purchase deal.
YNH property
Bursa Securities unearths RM150m oversight by YNH Property

By Faiqah Kamaruddin
January 18, 2024 @ 10:50am

KUALA LUMPUR: Heavy selling pressure in YNH Property Bhd has led Bursa Malaysia Securities Bhd to unearth an oversight on YNH Property Bhd's part in not announcing a planned acquisition of a 2.06 hectare site in Desa Hartamas, Kuala Lumpur for RM150 million. 

When queried by Bursa Malaysia Securities Bhd on an announcement made in May 2023 that its subsidiary Kar Sin Bhd is to dispose of land in Desa Hartamas for RM170 million to Sunway Living Space Sdn Bhd, YNH Property said not announcing the proposed acquisition of the Desa Hartamas land from Great Wall Park Sdn Bhd (GWP) was an oversight on its part.

Citing the company's response to a query by Bursa Securities on May 25, 2023 and a query from Bursa Securities on the proposed disposals dated Jan 16, 2024, Bursa Securities asked YNH Property to provide the details and update on the steps/actions taken in rectifying the oversight and ensure that an announcement on the said acquisition is made prior to seeking the approval of YNH's shareholders for the said acquisition.


On April 18, 2022, the wholly-owned subsidiary of the YNH Property, Kar Sin Bhd (KSB) entered into a sale and purchase agreement with Great Wall Park Sdn Bhd (GWP) for the proposed acquisition of 2.06 hectare of land in Desa Hartamas, Kuala Lumpur for RM150 million.
In April 2022, KSB and GWP entered into a supplemental agreement to use RM239.5 million owing to KSB by GWP following the termination of a turney construction agreement dated June 20, 2016 to be paid as purchase consideration for the land
In September 2022, KSB and GWP agreed that KSB is not to to develop the Desa Hartamas land and KSB has sold the land to a third party purchaser.

The remainder RM89.5 million is to be refunded by GWP to KSB by June 30, 2024.
Questions...
1.Will GWP refund $RM89. 5million to YNH?
2.Original land purchase by YNH subs is RM $150m, than revised to RM170m, than revised to $RM239. 5m. YNH overpaid by $239.5m- $150m=$89.5m.

bought VSOLAR 10 years ago. Thinking the SOLAR power will be the next.
mrgatrend. But to my horror i found VSOLAR directors doing Sun bathing by the beach every qtr, instead of grooing the solar business, for the past 10 years. SC is slerping for the past 10 years.
Today directors organise Mega Sale again. Mari mari buy buy. Donate to the directors. Please note, this is Mega SALE, to the new groups of victims.

THE Securities Commission Malaysia (SC) has filed a civil suit in the Kuala Lumpur High Court against five individuals for allegedly perpetrating a scheme to defraud and/or causing wrongful losses valued at RM120.6 million to four public-listed companies.

In a statement on Dec 12, the SC said it filed the suit on Nov 29, 2022 against Tey Por Yee (ASDION, IQZAN ,PRTASCO), Lim Chye Guan(NEXTGRAM}, See Poh Yee(NEXTGRAM, ASDION), Francis Tan Hock Leong (R&A) and Faizatul Ikmi Abdul Razak.(NEXTGRAM, IQZAN)

It said the companies involved are 1. Nexgram Holdings Bhd 2. R&A Telecommunication Group Bhd (delisted) 3. Asdion Bhd 4. Ire-Tex Corp Bhd. (new name IQZAN)

This Hongseng has no core business. Glove hot, do gloves. EV battery hot, do battery. Forever catching the tail end of the mania. Look at past 5 qtrs result, any good contribtion from glove? None. Now telling you going into EV battery. Qtrly revenue few million, yet call itself CONGLOMERATE!!!!! Yes it is a conglomerate chasing its tail.
Dont be surprise later Hongseng announce venture into AI. Run when you see this announcement.

PUTRAJAYA : Two former directors of CepatWawasan Group Bhd were given three months from Friday to repay the company RM13 million used to illegally pay Opti Temasek Sdn Bhd, an action in breach of the financial assistance provisions of Bursa Malaysia's listing requirements.

Failure by Tengku Datuk Kamal Sir Sultan Abu Bakar and Lt Col Tengku Datuk Kamarul Zaman Sir Sultan Abu Bakar to do so would put the brothers in contempt of the court order and makes them liable to five years in jail.

This comes after the Federal Court bench had unanimously dismissed their appeal to set aside the committal proceedings.

TSH sold land in 2022 for 731m. There was widepsread news propaganda that this sale will make TSH DEBT FREE when the cash comes in. After almost 2 years of sale only half of 730m was received. And about 300m still no where to be seen. Meanwhile the propaganda of DEBT FREE still an illusion as short debt still stand at 300m + as at today QTR report. What has happened? Where is the balance money from the sales gone to ?

Anyone monitoring the cash 300m receivable, part f the 700m land sales? Already one year, still missing from payment? Hope the Indonesian buyer is honest. Otherwise become court case like AT system and YNH...

watch out this Pertama, formerly the conman stcock SINOTOP. Name is changed but revenue still still as ugly as last time. Revenue about 1m last 5 qtrs.Now 2.8 . Anytime now to plunge to the pit.

Bursa vocabulary
JSB 5673 old name IPMUDA
PERTAMA 8532 old name SINOTOP.... this one China notorious conman.
RENEUCO 7130 old name KPower.. haha another famous Serbak gang.
WIDAD 0162...old name IDEAL JACOB

Ageson: Appoints independent auditor to look into allegation of suspicious transactions. Ageson has appointed Virdos Lima Consultancy (M) SB (VL Consultancy) to look into audit issues and matters raised by its external auditor Messrs Jamal, Amin & Partners and their basis for expressing a disclaimer of opinion on the company’s audited financial statements for the 18-month FPE Dec 31, 2022 When you see company suka suka
delay and change the financial report to 18months, something is fishy that they are trying to hide.

hongseng shares will follow the fate of AT, FINTEC.
6 billions shares of toilet papers will be consolidated into 20:1 or 30:1
Will be sideline for this rally.

If you buy HSeng @3c now, you will lose big .
300 big lots @3c=9000 rgt
Price will slowly drop to 0.5c 1 day before ex date
Assuming 30:1 consolisation , 300 big lots become 10 big lots
10 big lots after ex ,become 15c , 15c x 10 lots =$1500
From $9000 to $1500 , you lose 85% on first day trading if price starts at 15c.
Normally it will start to go down to 12-13c, than close at 10c.
At 10c x 10 big lots, you get back $1000 from original $9000 ,bought at 3c before ex-date
1000/9000,only 11% of your original $9000.

AT, Fintec kind of companies are HARD-CORE "PP/RI/ESOS" type of companies.
Once you are trapped, you will be gang-raped till become toufoo..
Better dont go near.
There are other penny stocks which are also lousy no funadamental, but there dont gang-rape you.
6billions of toilet paper become 200m of shares.
Than after 6 months it become 1.2b of toilet papers again after "PP/RI/ESOS"
Another 1 years, the 1.2b toilet papers grow into 4.8b toilet papers.

New Agong may announce NO MORE POLITICKING and backdoor route to Parliament till next GE in 2026. This is to tighten the rope and block corrupt VIP from seizing power and derail probe into trillions of national wealth/asset siphoned off in the the past 40 years. Embeded corruption since independance has since caused Malaysia ringgit to be 350% weaker than Singapore dollar, even though Malaysia national wealth in land ,water, timber,tin mine, oil ,palm oil ,oil and gas is 30000% more than Singapore . Malaysia rgt has since the days of "bersih cekap amanah" fake slogan, plunged from$S1=$M1 to $S1=$M3.4 now

please take note Mr Tay Ben Seng has continuously unload his holding in Saudee from 7c down.
Those who take up the right issue @15c in 2021 are losing ,goint into the toilets bowl
Looks like consolidate and " RI to go into MOU " soon.
MOU announcement coming soon.
Mr Tay Ben Soon is also director of
1. Focus Dynamic ED
2. Oversea enterprise ED
3 SAUDEE ED
4 GREEN OCEAN ED
Assuming allownce /salary of 250k from each company,it will be 1m rgt .
good money ya.
Please buy more of these companies share and donate generously to the directors salary.Theyeat lobsters, we eat the bone.

Kanger is printing another billion shares again?
EDGE says Kanger buying SUNG MASTER 49% stack for 72m cash.
IN total Kanger will pay $72m and 94.8m (Apr,2021).
What does Kanger get after paying 94.8m in 2021 April?
Qtr loses NON-STOP from Apr 2021 to 2023 Apr. Where is the guarantee?
Earlier 2001 April, Kanger already acquired 51% SUNG MASTER for 94.8m.
Where does the $72m coming from?
Right now,available cash is 0.62m.
Maybe BANK BORROWING again.
Than billion share RI to pay back bank borrowing.
Prepare for birth of HONGSENG 2.0 .

How investment bank con the public.
First IB lend $300m or $500m and collect 8% interest per year ,for business expansionbla bla bla.
Than after 5 years , when the loan due, IB will advise the kokperape conmen directors to do right issues.
So you ALWAYS hear right issue to PAY BANK borrowing and for business expansion.
The $500m question is, what happen to the $500m borrowed earlier?
Is it in the directors pocket ?

To Reduce Its Borrowings. TSH Resources Bhd announced the sale Oil palm plantation measuring 13,214 hectares of land together with uncertified land adjoing the plantation measuring 683.36 hectares in North Kalimantan for RM731. 09 million.
Did TSH receive all the money? It is almost 1 year since the first partial payment.

The 2rd portion of sales money of land in Kalimantan,700m, only half received 6 months ago .The other half supposed to receive , but never shows. Anyone know what happen to the $300m balance?

Tiong Siang is the father of Sersol chief executive officer Datuk Wira Justin Lim Hwa Tat, who is wanted by the Malaysian Anti-Corruption Commission (MACC) over his instructions and approval of five payments totalling RM2.5 million to a private company named HGC Legacy Enterprise.

Meanwhile, Hillcove wanted to elect three new directors to the board, namely Datuk Mohamed Suffian Awang, Alan Ling Sie Kiong and Tan Tong Lang, with immediate effect.
It is worth noting that Momahed Suffian is a former independent and non-executive director of FGV Holdings Bhd and former political secretary to former prime minister Datuk Seri Najib Razak.

Now you can understand why these company can keep RI/PP/ESOS to increase NOSH from 300m shares to 6B NOSH, and later 30:1 consolidation and repeat the process a few times without doing any meaniful business activity.

Can you believe How low IQ the lawmakers in Malaysia, 50m cyber fraud, being prosecuted using very very old law of 1948, section 420,where MAXIMUN fine is 50k rgt only. Are these law makers got zero IQ?

How to predict in advance that a company is hiding a fraud?
1. Keep changing external auditor .
2. Keep changing financial years often to delay issue annual report
3. Keep changing accountant/financial controller like hotel guests.
4. ACCOUNT RECEIVABLE is unusually large vs account payable. Money stuck or goods sold to cronies.
5. Keep printing billions of shares to suck cash from shareholders.
6. Involved in court cases often to "sue" a third party for not paying the debts. The 3rd part may also be the cronies actually
7. Qtrly revenue almost zero over past 10 years.
8. The company seems to take huge bank loan, or 2 years later issue huge right shares "for working capital and pay bank borrowing". This one most common tricks by banks to recover bad loan from listed company.
9. ‘Meteoric’ rise in both revenue and profits DESPITE industry outlook, are also red flags. Say industry average growth is 5%, but this guy shows 50% growth, per year
10. Sells its product to one customer. Obviously it is easier to be in cohhort with one party instead of many parties. Goods sold become huge bad debts
11. The company buys few FERARI for its directors...Megan Media...
12. Cash flow and profit imbalance. If its getting wider year by year, avoid.
13. Reports FAKE revenue of billions,fake growth......to sell their bonds. China developer Evergrande
14. Tyco International USA. CEO and CFO siphon off $150m USD via loans to directors. Beware of some listed NON-FINANCIAL company also having money lending license. EKRAN Ting Pek King, took 700m fromEkran via the company money lending license. $700m was never paid back.
15. Ekran holding money lending license. Lend 700m to Ting Pek Kim via is money lending facilty. $700m never come back . NETX holding money lending license. Why?.
16. The company buy a $5m asset, MAKE A FOOL OF THE FOOL PAYMENT OF $5M, while due dilligence is going on.
17. The compny has no revenue but issue lots of "bond", Right issue ,ESOS, PP. which are basically a type of "IOU/bond" to the retailers.
18. The company change its name ? Have you seen Public bank or Sime Darby or TM changing names , at all? Be cautious and run once you see this happen

Newbies,please monitor this issue, before you put your hard earned money buying this counter.

When will PEARL GLOVE (glove factory seller) refund the $4.44m (full purchase price) paid by AT Sys while dilligence was conducted?
Have you heard of CEO ,paying full amount ,while doing due dilligence?
This is first time in history, a CEO pay FULL AMOUNT while doing due dillegence.

NOw the case was already in the court 3 years already, still no news.
Why is it soooooooooooooooooooooooooooooooooooooooooooooooooooo difficult for the court to complete the case? Is it a rocket science problem or just a simple case?
How does a court system works? How does the court registrar handle a case?
Who is the court registrar?.

If SC dont bother about this $4.4m money being lost, that mean no hope for retailers. It mean SC will close one eye when another case happen again.

Thedgemarkets.com
Yafiqah Salim

KUALA LUMPUR (Oct 23): Revenue Group Bhd said its unit has received approval from the Local Government Development Ministry (KPKT) for an online moneylending licence.
Good or no good?
Ekran lend $700m to its chairman Ting Pek Kim, and the money was never recovered. You decide if it is good.

Other countries are all trying to attract tourist. Malaysia shut down concerts, shut down festivals.
Only thing they know is asking for subsidy,bantuan and subsidy.
Water is not coming in, how to provide drinks for rakyat?
Genm 2.40
next 2.33
next 1.98

THIS IS SUPPOSED TO BE CASH COW OF COMPUGATE 12 YEAS AGO. TILL NOW where is 20k per kg Geharu sap? Where has the $$$ gone?

Agarwood is known as “Gaharu” by the Indonesians/ Malaysians and as Chén-xīang (沉香) in Chinese.
Formation of agarwood occurs in the trunk and roots of Aquilaria trees that have been infected by a type of fungus. A dark resinous heartwood called the “Gaharu” is formed in result of the infection and is highly valued for its distinctive fragrance used for incense and perfumes.
A kilogram of unprocessed “Gaharu” heartwood can fetch as much as RM 20,000 per kilogram. Distilled “Gaharu” essential oil can command up to RM 100,000 per kilogram and the price is expected to rise due to increasing international demand.
Leaves of the tree is processed into Gaharu tea and is also highly sought after by the Chinese and Japanese for its many medicinal qualities.
In 2004 all Aquilaria species were listed in Appendix II (potentially threatened species) by the Convention on International Trade in Endangered Species of Wild Fauna and Flora.


Compugates Marketing Sdn Bhd (“CMSB”), a wholly-owned subsidiary of the Group ventured into agriculture in year 2010 through their pilot project of Gaharu cultivation in Kuala Kangsar, Perak. 25,000 Gaharu seedlings were planted and the Gaharu plants are thriving

Assuming each tree produce 1kg of sap per qtr ($10k rgt)
25,000 TREE X 10K RGT = $250m rgt

Instead of billion dollar revenue, CON-PUGATE release 16 qtrs of continuos loses.

MACC should investigate this company 25000 trees and where the billions of revenue has gone to?

if my calculation is correct, last 10 years, should see profit of billions ya.... MACC, this is where you should dig into and find out the truth

Beware of cyber scam Mymmar, Cambodia, Dubai, Korea. Once go in, forever cannot come out.
Organized crime gangs behind Asia’s so-called "scamdemic" have set up remote bases in Myanmar’s border area with China — locations that are hard for police to reach and where the trafficking victims they use to perpetrate online scams have little hope of escape, a U.N. report said Tuesday.

Billions of dollars have been scammed by powerful Chinese and Taiwanese crime groups based in the Mekong region — as well as in the Philippines — who bombard the internet with romance scams, extortion and investment pyramid schemes.

While some crackdowns have taken place in Cambodia and the Philippines, the crime groups are refining their scams from fortified compounds under the protection of ethnic rebels in conflict-torn Myanmar, the United Nations Office on Drugs and Crime said in its report.

support 2.44
next support 2.33
next support 1.96

Kanger cash reserve from 120m to 0.46m now.
It is time to callhome and ask family members to send 100k ransom money

something ishy about TSH land sale in Kalimantan.
It has been 9months since the 700m sales, but 273m still not record in the TSH book yet.
Any one know where has the money gone?

I heard about rubbish-to-electricity story at least 10 years ago.
It started with rubbish.
Later oil palm waste to electricity
Now rubbish again to electricity.
So can anyone share just 1 company that has announced,gone into this project since 10years ago, and brovo produce a clean sui sui result?
None i guess. Please nullify my statement.

Is it going to be the biggest Oil palm plantation in the world and kill the CPO imports from Msia and Indonesia?

On August 8, 2023, Assam Chief Minister Himanta Biswa Sarma announced that the state government had initiated a large-scale oil palm plantation project in partnership with Patanjali Food Limited (PFL).

The ambitious project is an initiative to achieve Prime Minister Narendra Modi’s goal of self-sufficiency in edible oil production. The venture will bring 370,000 hectares of land under monoculture plantation, according to the announcement.

What happen to Kanger cash of 120m+ after the right of 2.8b shares?
Now left with 0.68m.
Is it another PP/RI/ESOS coming again?
Dont be trapped when pump up comes, it is for insiders to run and attract sotong to enter buy.

These company have no business plan.
Directors are earning few hundred thousand rgt to millions ,gaji buta.shake legs
Jan 2021 20:1 consolidate NOSH from 4b shares to 200m
Apr 2021 , RI 5:1 , 200m share balloon to 1.2b share
July 2021 , PP 20%, 1.2b become 1.44b
Oct 2021 , ESOS 20% ,1.44b balloon to 1.72b

So their qtrly business activities are print toilet paper, print toilet paper and print toilet papers
They are paid millions for eating and sleeping in the toilets.
The amount can come to 10 of millions if you add up the few dozen companies that are PRO TOILET business, under their control.
All these money are from retailers generous donation and loyalty in holding their counters.
In fact, they might offer pecialcash reward of 50k rgt for retailers who buy and hold their shares for 1 business cycle, meaning from consolidation to RI/ESOS/PP to consolidation again.

Please take note of those penny stocks that are famous for
1. MOU, which they never honor,
2. Pump and Dump, followed by
3. Ann of RI PP, ESOS
There are easily about 30 of these type of company, control by a group of directors.
Company that are prrsistently enganged in 1-4 above do not work hard to increase shareholdes value. Why? Because they think or they already have successfully con so many retailers via RI, PP ESOS, till they are very lazy to build up the business.
In fact they want the price to drop from 30c to 1c to execute the PP/Esos/RI. The sooner retailers gang up to boycott these parasites useless company, the better.

NetX pays RM20 for Sungei Wang Plaza retail units that come with RM32. 8m court settlement liabilities. KUALA LUMPUR (Sept 3): Loss-making NetX Holdings Bhd is acquiring the holding companies of six retail units in Sungei Wang Plaza that have court settlement liabilities for a nominal sum of RM20.3 Sept 2021

1. LG001-D, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
2346 sq ft

2. T-136, Sungei Wang Plaza, Jalan Sultan
Ismail, 55100 Kuala Lumpur
570 sq ft

3. LG001-2, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
1173 sq ft

4. LG001-1, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
1054 sqft

5.LG001, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
656 sq ft

6. LG001(A) & (B), Sungei Wang Plaza,
Jalan Sultan Ismail, 5
279 sq ft

Lot LG001-2 and LG001-1 under the SWH Properties which is currently rented out
at monthly rental of RM31,000 and RM24,000,

I was in Sg Wang plaza few weeks ago,trying to locate those units purchase by Netx, but could not find a single one after going round for half an hour. Fishy is the feeling i
have. In case you are there, can try locate them.
After paying 30m+ for the asset(bailing out someone),where are the rental revenues? Can anyone spot any numbers in the latest report?

For refernce, bursa syndicates
https://thecorporatesecret.com/blog/2023/03/23/mafia-korporat-panas-arah-ng-keok-chai-letak-jawatan-pengarah-semua-syarikat-victor-chin-boon-long/

folks, google "Asset Kayamas problem"

avoid L&G projects.
VEry high % of construction defects experienced by owners, tile pop up after 2 months of receiving keys.
Tiles poping out 2 years after taking keys.
Messy management, swimming pool turn fungus pool.
Even monthly water bills not ready every month,need to wait 2 weeks due to no workers to read. Can you believe got this type of management?

A RICH buyer of bats in Indonesia came to a village. He informed the villagers that he will buy any qty of bats from them at 0.8 usd per bat. Soon villagers were busy catching bats to sell to the rich trader.

Few weeks later , less bats were caught by the villagers, the trader up the offer to 1.0 usd per bat. When less and less bats were received, the rich buyer up the offer to 1.5 usd. Soon there were no bats in the market.

Having collected 70% at 0.8 usd, 20% at 1.0 usd 10% at 1.5usd, the rich trader hinted to his assistant he will offer to buy any bats at 5 usd after he come back from a Kalimantan trip.

The good news quickily spread from the assistant to the whole village. He even tell them to keep the good news to themselves. Dont tell other people ya.
Rich trader will offer to buy new bats at 5 usd when he return in 1Qtr 2023,as demand will exceed supply by the restaurant when new mega city is built in Kalimantan. New capital city of Indonesia to boom. Demand for bats will skyrocket to 10 or 20 times.

Every villager is in frenzy hunting for bats but catch none. The assistance later told the villagers he will sell secretly to them the rich man stock at 3usd, later they can sell to the rich man at 5usd in 1Qtr 2023. When the news spread, the whole village grab all the bats from the assistant at 3usd. The rich trader and his assistant even send macai to join the frenzy to buy @3usd. In the end, all bats were in the hand of the villagers. Having accomplished his mission,the assitant also left town.
The villagers eagerly waited for the rich man to return, 1Qtr 2023, but there is no sight of him. Neither can they contact the assistant.
High expectation turn into dissapointment when by end of 2023,still no sight of the richman and his assistant.

Under Mahathir for 22 years $S1=$1 rgt in 1980 become $S1=$2.5 rgt. Under Najib become $S1=$3.3 rgt .

Singaporean Malay is very happy than Malaysian Malay , when they come to Malaysia ,buy food and shopping @ $1=3.4 rgt.
But Mahathir try to cover up corruption and the gradual death of ringgit, by saying LKY is racist, bla bla bla.
Malaysia got land,got CPO,got Rubber,got tin mine,black gold,got river sand. Singpore got nothing. Why ringgit keep dropping against Singapore dollar?
Singapore Malay so much better, earn factory worker $S2.5k salary already equalS $8.5k rgt,can live like bank manager
Dont try to cover the corruption that stangle the rgt.
Mahathir was so angry with LKY, because he cannot cover up ringgit keep weakening from $S1=$1 rgt to $3.8 rgt during his rule.
Many embeded corruptions can be hidden,but you cannot cover up the writing on FOREX EXCHANGE notice

Something IS MISSING???
300m cash from the balance of land sales has gone "bahvest gold"?
The conman said few months back it will appear in May qtrly report.
Can anyone spot it anywhere in the latest qtrly report?

Reference is made to the Company’s announcements made on 5 January 2021, 18 June 2021, 6 July 2021, 1 September 2021, 26 October 2021, 30 November 2021, 7 January 2022, 14 February 2022 and 22 March 2022. The Board of Directors of ATS wishes to announce that the trial dates for the case from 5 December 2022 to 7 December 2022 have been changed to 12 August 2024 to 14 August 2024 by the High Court of Penang.
You see, why postphone till 2024? something not right.
We will keep monitoring this even if postphone till 2050 !!!!!
This announcement is dated 21 November 2022.
==================================
1. AT system going to print 6.6b x 20% =1.32b new toilet papers via ESOS.
Dont be rubbish collector , avoid bad rubbish dumpster.

2. Monitor the 4.44m money ,3 years already still no refund. This 4.44mis the FOOL amount for the purchase of glove factory. Where got people pay FOOL amount while still under due diligence?

3. WHEN will PEARL GLOVE refund the 4.44m (full purchase price) paid by AT Sys while dilligence was conducted?
Have you heard of CEO ,paying full amount ,while doing due dilligence?
This is first time in history, a CEO pay FULL AMOUNT while doing due dillegence.

4. NOw the court takes 3 years already, still no news.
Why is it soooooooooooooooooooooooooooooooooooooooooooooooooooo difficult for the court to complete the case? Is it a rocket science problem or just a simple case?
How does a court system works? How does the court registrar handle a case?
Who is the court registrar?.

5. If SC dont bother about this $4.4m money being lost, that mean no hope for retailers. It mean SC will close one eye when another case happen again.

Thedgemarkets.com
Yafiqah Salim

January 05, 2021 22:15 pm +08

AT Systematization sues glove firm’s shareholders to recover money after cancelling acquisition

KUALA LUMPUR (Jan 5): AT Systematization Bhd is suing the shareholders of Pearl Glove (Malaysia) Sdn Bhd to recover RM4.4 million, after abandoning its planned purchase of the glove maker.

The group said its wholly-owned subsidiary AT Glove Engineering Sdn Bhd filed the suit against Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon at the High Court on Dec 31, 2020 ( Glove bull run terminated in Sep 2020)

AT Systematization said AT Glove had signed an agreement dated June 26, 2020, with the shareholders to purchase their shares in Pearl Glove for RM3.44 million. A deposit of RM687,800 was initially paid to the shareholders.

AT Glove also advanced a loan repayment amount of RM3.71 million to Sim Guan, Lai Heng, Hai Hong Holdings and two others for monies owed to them by Pearl Glove, the group said.

It said that after a due diligence exercise was completed on Pearl Glove by AT Glove, the latter was unsatisfied with the result of the exercise.

“On Dec 11, 2020, a termination notice was issued by the plaintiff after further negotiations with the defendants were unsuccessful,” said AT Systematization.

The group said that under the terms of agreement, Pearl Glove’s shareholders are to return all money paid including the deposit and loan advance to AT Glove, after the termination notice.

It added that all attempts in the recovery of the money were futile and thus legal action was taken.

if we assume PWroot is a MLM, being sold thousands of outlet ,revenue per qtr is 107m only.
Soooooo......who is the underwriter for DXN,maybe they can give us more info.

https://klse.i3investor.com/web/stock/financial-quarter/5318

15 years ago,the company was listed with NOSH of 300m.
Now it is listed with 4.98 B I L L I O N S nosh !!!!!!
Time to slaughter the retailers.

For the past 30 qtrs, gross profit margin is about 15%.
How come IPO time gross margin ballon to 30%?
And the qtrly revenue suddenly swell 800%?

MLM company revenues.
DXN about 400m per qtr
beshom about $50m per qtr
zhulian about $35m per qtr
Amway about $350m per qtr
So DXN figures is the best.
???
DXN mkt cap 3.5 BILLION RGT !!!
Amway mkt cap only 900m rgt.
Beshom mkt cap 330m rgt
Zhulian mkt cap 830m rgt

very infomative. Keep for reference. The web of abuse in corporate plc is as dirty as Msia politics. Better tick to fundamentally sound companies. These type of "growth" companies are filled with lots of worms.
https://thecorporatesecret.com/blog/2023/03/04/rahsia-mafia-korporat-malaysia-victor-chin-boon-long-peralat-penguatkuasa-terbongkar/