Bursa Malaysia (KLSE) Stock Investment Portal

In my opinion Barakah should have been flying way sooner but there is always huge q of sellers and buyers in the past few months. Its ridiculous compared to other energy companies. Someone with authority please check whether this unethical behaviour is happening in this counter,, It feels like this manipulation pumps and dumps keep happening. We ikan bilis can only see.. Spread it the out pleaseee

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Stock: [BARAKAH]: BARAKAH OFFSHORE PETROLEUM BHD

2019-04-20 11:15 | Report Abuse

Share your thought please.. Seems like we were the victim now. If we were then I hope they all burnt in hell..

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Stock: [BARAKAH]: BARAKAH OFFSHORE PETROLEUM BHD

2019-04-20 11:14 | Report Abuse

“BEWARE: BURSA MALAYSIA SCAM ALERT! YOU ARE BEING SCAMMED!

Ever wondered why the counter that you’ve invested your hard-earned money in, can NEVER MOVE, come hell or high water?

The reason is simple. It is under the control of a bottom-feeding shark cartel. They cleverly place half a million to one million Ringgit in a fake buyers queue to entice buyers to buy. In Talam’s case, they put a fake buyer’s’ queue of 650k lots to buy at 0.04 cents. That block of 650k lots equals 65M shares amounting to RM2.6M! That block is too big for the ordinary investor to buy up and they know it and that, in a nutshell, is their modus operandi. That’s the reason why the shares won’t move for as long as they have control.

They are actually ikan-billis sharks. They target lower priced or penny stocks and cos in distress for they know that the owners are as hapless as the rest of us. Their modus operandi is what I would call a straddle-control scam and it works as follows. They pool together a relatively small sum of, say, Rm7M. They proceed to buy up penny stocks or distressed co shares all the way from the bottom to the relative top (won’t be very high as the co is in distress). Then they place RM1M to RM2.6M worth of buy orders at the bottom price (called the bottom fake queue)

In PHB’s case, they place a fake buyer’s queue to buy at 0.020. That block of 483,430 lots equals roughly 50 million shares (probably the original fake queue) amounting to RM1M! With Netx, they put a fake buyer’s’ queue of 1.08M lots to buy at 0.01 cents. That block of 1.08M lots equals 108M shares amounting to RM1.08M! In TDM’s case, they hide themselves in the second tier queueing to buy at 0.17. That block of 37,518 lots equals 3.7518M shares amounting to RM1/2M! In Daya‘s case, they create a fake buyer’s queue of 2.38M lots to buy at 0.005 cents. That block of 2.38M lots equals 238M shares amounting to RM1.19M! In Sumatec’s case they place a huge buy order of 3.5M lots at 0.005 cents. That works out to 350M shares amounting to RM1.75M!

These ikan-billis sharks are actually bottom feeders. Normally in a free and honest market, with such a massive buy order, it’s inevitable that the sell (ask) order would be executed/taken by someone. But these scammers ensure that they do not. These bottom feeder sharks will ensure that the price of the stock will NEVER rise and they’re happy to make as little as half cent per share. Multiply that half cent with the billions of shares issued by these penny stocks plus the number of daily transactions over the years and these scammers have reaped hundreds of millions and perhaps, billions, from poor investors! Notice that their buy order of 1M lots remain static, come hell or high water. If genuine buyers chase the stock higher, they’re happy to sell at the higher price. They then send their agents to these forums to sow fear, create doubt and generally to talk down the stock. You see, all the Calvin-bashing is really aimed at making the stock fall in price for that’s part of their M.O. Next, they gently let the price fall towards the level of their bottom fake queue so that first, the contra players are forced to sell at that bottom price and later the long holders who eventually give up as the price keeps falling despite the millions of buy orders (the bottom fake queue)!

Their objective is to create a situation where they frustrate the hell out of buyers until these buyers sell to them eventually at that bottom price and they’ve profited from the price difference as the seller (previously buyer) bought it from them at a higher price (Talam recently went up to 0.055c) plus they get to buy back the stock at the rock bottom price that these sharks have parked their fake queues!

Angry? Here’s what you can do. First, don’t EVER sell your shares and help the scammers succeed with their scam. They are going to jail and the counter will finally be subject to free market forces! It’s like taking antibiotics to get rid of the bad bacteria in your system. It’s necessary and will eventually lead to complete healing. So DON’T DUMP your shares and help the scammers, coz that’s what they want! All the other counters mentioned above stopped bleeding and the panic selling stopped by the afternoon session. So stay calm and do not panic, k?

Those of you with contacts in the mass media or Politicians or have saudara in the Police force especially in the Commercial Crimes Division of PDRM or MACC or Bursa Malaysia or the Companies Commission of Malaysia, please contact them and lodge a complaint/report with them.

Whatever the case, those of you who’ve been hurt by the actions of these sharks can file a complaint with ALL of the above agencies. Include the Usernames of those who are obviously agents of these scammers who come to these forums to talk down the stock and help the syndicate/scammers drive down the prices!