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Repost:
Nov 14, 2023 3:11 PM | Report Abuse

Sorry typo error.
Insas-WC not insas-WB.
Insas-WB, stockraider bought 1 million at RM 0.005 for 5 thousand and have a narrow escape selling back at RM 0.005 before Insas-WB expired.

Guess what will capA fall to RM 0.XXX just before suspension and delisting

Know what will be the development cost needed to develop the land?

Mike-tikus,
Mind explaining below if q2 net profit is real profit of RM 1.10 billion?

As at 31/3/2023 Capital A
Current assets: RM 1,978,599,000
Current liabilities: RM 10,503,495,000
Net current liabilities: RM (8,524,896,000)
Shareholders’ equity RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity: RM (9,376,200,000)

As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)
Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

Just a gentle reminder:
One thing I agree with geary is there are many "kisiao" people in i3. Better make sure you are not one of them.

Invest only with your spare money and never all in "Sai Lang” “晒冷” by gut feeling 10 baggers will drop from the sky.

What is the different when I said:
Because I can take the blow and learn the hard lesson.
And
I did not sell Xingquin coz I worried if sold to those cannot afford…

Did Mike-tikus understand what gearly trying to say below?

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

Correction I say capA will be like Serba suspend and delist.

And Jaks is piggy bank of ALP every year multi-million LTIP free grant.

Imagine if this happen in Singapore and I wrote below email to SC Singapore what will happen?
AND here in Malaysia I only get another reference and case number from Bursa and SC.

ON Xingquan case:

Question 1: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2940952

Referring to the above Bursa announcement, please allow me to personally ask Datuk Muhamad Umar Swift did Dato’ Wu Qingquan (“Dato’ Wu”) and Wu Lianfa pay those fines imposed on them?

Question 2: If the answer is no, then May I ask did Bursa take any legal action to collect the fines?

Question 3: If Bursa did not take legal action to collect the fines from recalcitrant offenders then how Datuk Muhamad Umar Swift as Bursa Malaysia CEO ensure Bursa to be an efficient, vibrant, fair and orderly market?

Question 4: Will Datuk Muhamad Umar Swift please check with SC on my Xingquan complaint:

Is SC taking any action on my previous questions below? Or is the case closed with no further action?

Question 1: In view of the seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law. Has SC made an extradition request with the Chinese government to extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand trial in Malaysia Court?


Question 2: Refer google search: https://www.google.com/search?client=firefox-b-d&q=gertop
Xingquan brand products (Gertop) are available for sale at many online shopping websites. This means Xingquan still has production lines and assets in China but the China owner and Management team just took us Malaysians as fools and showed utmost contempt to SC and BURSA authorities/Malaysia law.

Will SC now invoke CMSA 2007 section 358 (1) in the public interest, taking legal action against Xingquan to recover loss on behalf of victims who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution?


Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for gross negligence and failure to perform their fiduciary duty?

Note: Referring below SC announcement

https://www.sc.com.my/resources/media/media-release/sc-reprimands-three-china-based-companies-and-says-retention-of-four-directors-prejudicial-to-public-interest

The SC reprimanded Xingquan, its Executive Chairman and CEO Dato’ Wu Qingquan, Executive Director Wu Lianfa, former Non-Independent Non-Executive Director Ng Sio Peng and former Senior Independent Non-Executive Director Zhou Liyi for:

falsely recording a loss of RMB415.7 million from the sale of inventory by Xingquan’s wholly-owned subsidiary;
furnishing to Bursa Malaysia a false agreement between the said subsidiary and a third party;
furnishing false or misleading financial statements to Bursa Malaysia; and
recording cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.
Why no actions were taken against Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for:

1. Gross negligence and failure to perform their fiduciary duty; and

2. Complicite in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus.


Thank you



Dear Sharon Hui (CEO’s Office),

Can I be reasonable in expecting Datuk Muhamad Umar Swift (Bursa Malaysia CEO) to reply to my above email?



Thank you

Dear Bursa,

I quote my previous email, “Would Bursa please show the calculation the acquisition with undisclosed sum to “increase effective stake from 40% to 100% in Philippine Air Asia” that transfers about negative equity of RM 2 billion from Non-controlling interest to Shareholders’ equity and about RM 1 billion addition accumulated losses is below the threshold that warrants immediate announcement.

And Bursa replied dated; Sen, 25 Sep, 07.51

We have forwarded your email to our line department for their attention.


Thank you.

Bursa 2U
Bursa Malaysia Berhad
Our Ref: CAS-30197-XXXXXX


May I ask, more than 3 weeks has passed so has Bursa already work out the calculation to show that CapitalA undisclosed sum to “increase effective stake from 40% to 100% in Philippine Air Asia” is below the threshold that warrants immediate announcement and hence did not violated Bursa rule and regulation PART D – ACQUISITIONS AND DISPOSALS

Bursa not yet reply my above email

Because I can take the blow and learn the hard lesson.

The truth is I am naive and believe SC and Bursa can protect my interest. (suspenf and delist just because Xingquan purposely refuse to submit financial report)

Nowadays when I smell something is not right, I run away fast fast. Lesson learnt
So is Stony purposely refuse to submit PN17 regularisation plan to get capA suspend and delist?

Stony/capA overcharged AAX, JV partners: AA Phillipine, AA Thailand, AA Indonesia, AA Japan and AA India (profit transfer from JV to capA) to pay dividend to capA shareholders mostly to himself.

Stony is now trying to do the same profit transfer from CapA aviation to Capital A International.

Note:
AA India sold back to Tata group.

AA Japan the JV partners accept the failure and close shop.

AAX need to debts restructure (0.5 sen to every ringgit owed), capital reduction, 10 to 1 consolidation and PP

AA philippines Stony abused his power to bail out JV partner (51%) for undisclosed sum and transfer billions in accumulated loss and negative equity to capA .

AA Thailand take over by JV partner AAV (Thai listed company)

BANGKOK, 20 October, 2021 - Asia Aviation Plc. (“AAV”), the major shareholder of Thai AirAsia Co., Ltd. (“TAA”), has unveiled a new shareholder restructuring plan worth Baht 14,000 million in capital, to be secured by issuing convertible bonds and new ordinary shares to both new and existing shareholders. Through this process, AAV aims to hold all shares in Thai AirAsia, while also enhancing liquidity for the airline.

As at 31/3/2023 Capital A
Current assets: RM 1,978,599,000
Current liabilities: RM 10,503,495,000
Net current liabilities: RM (8,524,896,000)
Shareholders’ equity RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity: RM (9,376,200,000)

As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)
Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

See the different from Q1 to Q2 net current liabilities and shareholders' equity when Stony bail out AA philipines JV partners?

Last year I ask below question as I suspect Anglo Asia Investment is Dato' Sri Thong unofficial proxy.

Question:
What is the relationship between Anglo Asia Investments
Limited and M&A Investments International Limited?

We are not aware of any relationship between M&A Investments International
Limited (“MAII”) and Anglo Asia Investments Limited.

Inari Price Target
Date Open Price Target Price Upside/Downside Price Call Source
24/11/2023 2.91 4.17 +1.26 (43.30%) BUY KENANGA
24/11/2023 2.91 3.53 +0.62 (21.31%) BUY AmInvest
23/11/2023 3.02 3.25 +0.23 (7.62%) HOLD TA
23/11/2023 3.02 3.62 +0.60 (19.87%) BUY PUBLIC BANK

If Inari and M&A keep growing and inari share price break RM 4.00, M&A break RM 1.00 then most likely someone will be attracted to take over Insas for the control of Inari and M&A.

Insas still hold 537,008,575 inari share (one of Insas associate company) and 1,215,718,665 M&A an effective holding of 60.83% subsidiary company.

The AirAsia India brand sunset on 31 October 2023,[6] and the airline now operates, markets and distributes their flights for Air India Express

On 29 December 2020, AirAsia Berhad announced that it would sell a 32.67% stake in AirAsia India to Tata Sons for $37.7 million, including a provision to sell the remaining 16.33% stake for $18.8 million.[34][35] Tata Sons acquired Air India Limited on 8 October 2021.[36][37] The Tata Group requested approval from the Competition Commission of India (CCI) to merge AirAsia India with Air India Limited in April 2022,[38] which was granted on 14 June 2022.[39] On 2 November 2022, AirAsia Berhad sold the remaining 16.33% stake to Tata Sons. However, the AirAsia brand could still be used for twelve months.[40]

Agreed with i3lurker and geary on Mike-tikus behavior.

Posted by i3lurker > Nov 26, 2023 8:45 AM | Report Abuse
Satanic Accuser MikeCheatYouCrazy working overtime.

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

One thing I agree with geary is there are many "kisiao" people in i3. Better make sure you are not one of them.

Invest only with your spare money and never all in by gut feeling 10 baggers will drop from the sky.

Technical Analysis (TA)
Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activities, such as price movement trade volume and focus on patterns of price movements, trading signals and various other analytical charting tools to evaluate a security's strength or weakness. Thus TA pattern is influence by Greed & Fear (Behavior pattern) and will be most effective if use together with FA Qualitative study of Economic condition and Industry condition that create greed and fear where people will panic buy or panic sell as no one will look at FA quantitative financial data

Fundamental analysis (FA)
Fundamental analysts study anything that can affect the stock's value, including macroeconomic factors (e.g. economy and industry conditions) and microeconomic factors (e.g. financial conditions and company management). The end goal of fundamental analysis is to produce a quantitative value (Intrinsic Value) that an investor can compare with a stock's current market price, thus indicating whether the stock is undervalued or overvalued. Fundamental analysis is a method of evaluating a stock in an attempt to assess its intrinsic value.

In summary Fundamental Analysis cover:
QUANTITATIVE
Financial data/ratio contain in current and past financial report.

QUALITIVE
Economy condition (Current and future)
Industry condition (Current and future)
Company management (Current and future)
Profit growth prospect (Current and future)
In short what many people term as Business Sense (BS) is actually the qualitative part of Fundamental Analysis. BS is subset of FA.

Beside explaining the relationship between TA, FA and BS, I emphasis important of reading financial report: P&L statement, Balance sheet, Cash Flow and working out the intrinsic value.

Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)
Example of intrinsic value of INSAS is then the Sum of DCF expected cash flow from varies business streams.
For INSAS assets rich case, it is my opinion that the liquid assets minus total liabilities should be added to this intrinsic value.

Mike-tikus please learn from geary and no need to promote jaks day and night 24/7/365 for many months and now from how many digit gains to only half sen gain?

Jaks
4 Weeks Range: 0.19 - 0.21
52 Weeks Range: 0.17 - 0.305

Mike-tikus are you seeking attention in capA forum?
By the way are you Tikus or Swines or both and kisiao?

Plese go back to your Jaks forum and reply to what geary has to say about Jaks.

Posted by geary > Nov 3, 2023 10:45 PM | Report Abuse
Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

By the way AAX get out of PN17 because of its infamous debts restructure of paying creditors (include canceled flight paid customers) 0.5 sen for every ringgit owed.

geary do you know AAX from listing untill now never pay any dividend but RI, 10 to 1 consolidation and PP?

So what is so great about AAX for you to boost AirAsia Brand is Super Famous...It's one of fastest, PN17 stock to be uplifted.

When will capA uplift from PN17?

Repost:
Nov 23, 2023 10:10 AM | Report Abuse

Posted by Mabel > Nov 23, 2023 9:30 AM | Report Abuse
https://theedgemalaysia.com/node/690869

Quote; "Our Magician Fernandes had said the investment holding group, which is involved in aviation, logistics, lifestyle and financial services ventures, planned to submit its finalised regularisation plan to Bursa Malaysia as early as February.

“We can be out of PN17 status, definitely this year, and I hope much earlier than that. All of the consultants are now going through all the work,” he had said at an event in January this year." unquote

So did Stony submitted any finalised regularisation plan to Bursa Malaysia as early as February?

And how to “We can be out of PN17 status, definitely this year" when the PN17 regularisation plan has been postpone for the third time from Jan 2023 to July 2023 to Oct 2023 and now to 31th Dec 2023?

And still Mabel believe Stony word? How many more time do you want to believe Stony?

Respect is given. It is given to those who show respect for others.
Trust is earned, it is earned by your traceable record. This is why Philip keep a traceable record for all to see.

Yes it is true if you believe.
Some believe in Santa
Some believe in Stony
Many believe in fairy tales especially many Malaysians like to believe in "Syok Sendiri"

i3lurker believe in "Fight Aeroplane" a Cantonese term for an uncurable medical condition meaning constant self pleasurization aka masturbation

And geary believe 10 baggers didn't strike from past financial statements, past n present rules n specific criteria. They are all temporary, accordingly to business requirements n environment or in short gut feeling 10 baggers will drop from the sky

Last year my Indonesia telekom deny access to live streaming from Malaysia but can access remote voting.

Please monitor the chairperson answer to my additional questions.

Dear Sir/Madam,

We have verified your registration for remote participation against the General Meeting Record of Depositors (“ROD”).

We wish to inform that you are accepted to engage in the remote participation at the meeting.

Please follow the procedures for remote participation as set out below:-

1) Login
Website: https://tiih.online with your user ID and password from 10.00 a.m. on Monday,27 November 2023.

2) Participate through Live Streaming
Select corporate event: “(LIVE STREAM MEETING) INSAS 61ST AGM” to engage in the proceeding of the meeting remotely. If you have any question for the Chairman/Board of Directors, you may use the query box to transmit your question. The Chairman/Board of Directors will endeavor to respond to your questions. If there is time constraint, the response will be e-mailed to you at the earliest possible time after the meeting.

3) Online Remote Voting
Select corporate event: “(REMOTE VOTING) INSAS 61ST AGM” or if you are on the live stream meeting page, you can select "GO TO REMOTE VOTING PAGE" button below the query box and proceed with the steps stated therein to submit your votes.

CapitalA also can fly kite, its RP, it's just the Newest Accounting Issues...plus its Negative Equity...🤮👍
After #####5th Consecutive Quarter of positive earnings, it will be uplifted as per normal! (geary MUST BE JOKING)

The very basic requirement to uplift from PN17 is shareholders' equity must be minimum positive RM 40 million.
No default in payment by a listed issuer, its major subsidiary or major associated company and
The listed issuer is able to provide a solvency declaration to the Exchange

So can capA not default on it current liabilities in the nest 12 months?
As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)

Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

Capital A’s aviation is still lose making
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents

Waiting for 007 to comment on MBMR.

Re-post from CapA forum
Winter is coming and beware of winter flu.

What is winter flu?
Seasonal influenza (the flu) is an acute respiratory infection caused by influenza viruses. It is common in all parts of the world. Most people recover without treatment. Influenza spreads easily between people when they cough or sneeze.


23 Nov 2023
Updated:
3 hours ago
Chinese officials say they have not detected any “unusual or novel diseases” in the country, the World Health Organization has said, after the UN health agency made an official request for information about an outbreak of a mysterious pneumonia in northern China mostly affecting children.

China has been experiencing an increase in cases of influenza-like illnesses compared with the same period in the previous three years when strict measures were in force as part of its zero-COVID strategy.

Posted by StartOfTheBull > Nov 24, 2023 2:36 PM | Report Abuse
Insas backyard on fire 🔥

No problem I like fire sales.
4 and a half trading days before end of Nov 2023. Will there be capA fire sales when q3 financial result out?

https://klse.i3investor.com/blogs/Sslee_blog/2021-11-12-story-h1593811488-AAX_Creditors_Can_AAX_treating_its_customers_as_creditors_and_repay_the.jsp

You can read above link and the table on AAX debts restucture of 0.5 sen for every dollar owed.

You must be of unsound mind to think AAX able to get RM 6 billion borrowing from Banks?

Insas still hold 537,008,575 inari share (associate company) and equity account in Balance sheet as non-current asset associate company.

So imagine if next quarter Insas use fair value account on 537,008,575 inari share then what will be the Gain on remeasurement of previously held interest in Inari?

Asia Aviation PCL
BKK: AAV
2,06 THB +0,020 (0,98%)today
24 Nov, 10.31 GMT+7 • Disclaimer

Thai AirAsia Company Limited
September 2023
(Unit: Thousand Baht)
Total shareholders' equity (capital deficits) : (15,232,187)

So should CapA equity account for the 49% Thai AA or fair value account for 49% market capital of AAV?

To me if you hold Financial assets at fair value through profit or loss (marketable listed company share) as current investment then you need to mark to market every quarter P&L gain/(loss)

But if you hold a listed company as an associate company then you equity account for the share of equity every quarter. And in P&L share of profit/(loss) of associate company.

The gain on remeasurement of previously held interest in associate immediately before obtaining control are as follows:
RM million
Fair value of previously held interest 1,874.3
Less: Carrying amount of previously held interest (505.0)
Gain on remeasurement of previously held interest 1,369.3

I too cannot understand what is this Gain on remeasurement of previously held interest 1,369.3 RM million

Mike-tikus,
Do you know where is q2 net profit of RM billion come from when aviation is still lose making?

Capital A’s aviation is still lose making
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents

Thailand AA and Indonesia AA with load factor of 90% and 89% still a lose making q3.

Most likely capA q3 is a lose making quarter.
Mike-tikus any prediction on CapA q3 financial result?

Winter is coming and beware of winter flu.

What is winter flu?
Seasonal influenza (the flu) is an acute respiratory infection caused by influenza viruses. It is common in all parts of the world. Most people recover without treatment. Influenza spreads easily between people when they cough or sneeze.


23 Nov 2023
Updated:
3 hours ago
Chinese officials say they have not detected any “unusual or novel diseases” in the country, the World Health Organization has said, after the UN health agency made an official request for information about an outbreak of a mysterious pneumonia in northern China mostly affecting children.

China has been experiencing an increase in cases of influenza-like illnesses compared with the same period in the previous three years when strict measures were in force as part of its zero-COVID strategy.

Thailand AA and Indonesia AA with load factor of 90% and 89% still a lose making q3.

Most likely capA q3 is a lose making quarter.
@geary any prediction on CapA q3 financial result?

No need to cover because Jaks is well know for yearly PP or RI at lower and lower price.

Posted by Aldous47 > Nov 23, 2023 12:55 PM | Report Abuse
The question is when they will cover the short position of Jaks.

Maybe shortist know another RI coming at 12 cents?

S P Setia also announced it is selling a freehold plot in Setia City, Selangor, for RM228.8 million, cash.

It is selling the 17.99-acre plot to a subsidiary of KSL Holdings Bhd as part of its strategic plan to monetise some of its identified land banks, especially those not planned for immediate development. The sale is conditional upon KSL obtaining approval from the Economic Planning Unit for the transaction.

Sometime I just wonder did IBs analyst really qualified in reading and understanding financial report?

Petronm Q3 EPS is 30.33 sen and price RM 4.64
Petdag Q3 EPS is 18.60 sen and price RM 22.86

KYY formula EPS X 4 X PE 10.

Can anyone share what is Maybank IB Research aviation analyst Samuel Yin Shao Yang new forecast on core net profit for FY 2023 and FY 2024 to come out with reaffirmed a "buy" call on AAX with a lower target price of RM3.40 (previously RM3.56)?

Previously: In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.

He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.
Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.

https://id.tradingview.com/symbols/NYMEX-AKS1%21/

You can monitor above link for SINGAPORE JET KEROSENE (PLATTS) FUTURES

AKS1!NYMEX

Pasar buka
107.395USDD
+0.039
+0.04%

TAAX recorded a net proft of RM749.17 million in the current quarter. As at 30 September 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 million. In accordance to MFRS 128, any profits will only be recognised when its shares of the profits equals the share of losses previously not recognised.

Did maybank analyst know that TAAX need to acheive another net profit of RM 140.28/0.49 = RM 286.28 million to clear the balance Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 million before any share of TAAX profit?

Note: TAAX 9 months end 30/9/2023
RM '000
operating profit: 57,321
Foreign exchange loss: (181,339)
Other gains: 893,351
Profit before taxation: 769,333

Other gains is a one off debts restructure gain.

Agreed with i3lurker.

Posted by i3lurker > Nov 22, 2023 2:47 PM | Report Abuse
It is just another gambling counter.
A poor choice of gambling counter