But also it shows insas is a loss making badly run business without selling shares

That means Insas losing money and board/ceo need to cover up losses !

One trade 300k at 1.13 … trying to push down price 🙈🤷

Inari up 9 cents insas up 1 cent . Sslee you are right he will be trying to do all he can to keep it down

Only hope is enough people buy and keep driving up insas, thong and the board would not be able to stop that if strong enough.

Inari now 3.92, up over 40 cents since yesterday. Insas should also be tracking that same gain. But insas only up 1 cent, clearly shows what is being done and insas board are all in concert !

Thong only officially holds 33%, reality is unofficially he has much more . That is why if he can keep share price down big players too nervous to come in

If insas were to really have a share price that was correct based on its value , and that value would be mainly cash and inari shares which are easily converted to cash not some dodgy share value then he would lose control as big players would get involved, also it would mean he would have to pay more for insas than he would want to. He already tried to take insas private once but could not afford to. Look at the share sales , the people dumping shares today are not your average retail, they are big quantities and very few sellers. If it was retail it would be smaller amounts and a lot more. You can also ask your remiser if you are buying who is selling (all you get is the cds number but you can see a trend

Omesti failed long before that… if you go back through the history from mah, Larry Gan, thong and Monteiro you will see many failed investments and write offs. They all thought they were great investors but all failed. Thong linked with Monteiro who was/is a second hard car salesman and could do things thong did not want to officially touch. They even bought medical companies and that also all wasted. Yes then they though they would get new 5g , apparently they even thought they could get new passport system . Thong and insas board are at the centre of all this and have failed completely. They will also drain all the cash out of insas and shareholders will get nothing

Don’t believe thong only has shares he declared. This is dodgy bursa where thong and friends have other friends holding many more shares on their behalf. They use those shares to manipulate share price. Inari can go to rm5 and insas will not move and Bursa will never bother to investigate why Thong and the useless board never do anything. Malaysia boleh

Insas even though its value has probably gone up 15cents looks like it will end down today. It does not show anymore than that how Thong and the board operate … disgusting

The board are clearly in breach of their fiduciary duty as directors. The independent directors even worse!

Insas even start dropping! What corruption

Is shows how rotten the board of insas is and they just rip of shareholders and take there money. Thong is so corrupt he has no honour

Inari 3.92 .. insas hardly move. It tells you what thong and the board are doing !

There is an effort to sacrifice shares at the moment to keep share price down. Just look at the sales . Now push down to 1.15

If enough people just buy as insas so cheap then it will rocket more than last time !

Sucks to be a shareholder of any thong company … I bought back in so have profit but this share should be rm2 by now. The reason not is that everyone knows thong and insas board are corrupt

The fact insas not going up tells you how corrupt everyone thinks thong and the board are

If thong and insas board had any brains they would be selling inari as quickly as they could . Make a fortune in profit and return cash to shareholders… instead insas share price not even moving

Inari now worth 14 billion, insas book value must be rm4+

3.73 now !

As always someone dumping insas shares to keep price down … happens every time

Inari 3.63 … come on insas time for you to fly !!!

Insas will never go bust but will keep selling its inari shares to cover the losses of bad management at insas

Thong as facts show is useless, the only thing that stopped insas from bankruptcy was inari asking him to invest, one out of probably 15 failed investments. He and insas board abuse there position running a listed company for there own enrichment not for the other shareholders. I have great respect for warren buffet , none for thong

Monteiro out of microlink board, second director in a week. The company is going down !! Thong and son useless, insas board completely useless

EPF selling Inari shares , this is what a good investor does , takes profit and returns to shareholders !! Corrupt thong and insas board are so useless they have no idea how to run a business …

Thong no master poker player, he is useless at investments and corrupt. He got lucky that inari ask him for investment or he would be like so many of his investments that he manages pn17 or bankrupt

You will never guess where Thong was awarded his title from ….

Apparently Thong is being forced to use insas cash because the big new shareholder of microlink has lost a lot of money and he is not happy. I am not allowed to mention who it is for obvious reasons… Thong and is incompetent management of omesti, they thought getting a powerful shareholder was all it took, now they realise they made a very expensive mess! Omesti selling shares in microlink as has no cash, microlink losing money and has no cash, hohup already busy. All thong management!!! Whilst inari doing well Thong should sell before something goes wrong and return cash but he is so arrogant and uses inari for his ego he does not care about shareholders.

There will be more bad debt or bad investment provisions as well

@sslee, Insas is a terribly run company, only way to cover up is sell shares. Board on others just stealing shareholder cash

Thong and insas board are shit at there jobs or in concert , actually probably both how bad there investments have done

Insas worth just 735mill, over one bill cash in bank and 10? % of inari who are now worth 12.9B let alone other assets. I don’t include Omesti, hohup and microlink as they are all bust and useless now…

Inari 3.47

Inari rocket to 3.42! Insas now worth how much but share price terrible… Thong and board working in concert to keep it down. This is why Bursa has such a bad reputation

Omesti just made a rm220 mill loss. Thong ruins any company he is linked to into the ground. The insas board is responsible for doing this. Shocking and terrible management.

@sslee who do you think is taking up rm92 million cash raise in microlink ?

Microlink post loss of rm25 million. Thong senior and junior complete failure!! How the insas board can waste more money on microlink and the risk committee approve it shows how badly insas is run and breaching there duty!

Omesti forced to sell microlink shares as it has no cash left. thong ruined another company

Ninja van Badly loss making . Sing $326 million loss 2023. Good they sold

Perhaps thong create his own account here to pretend he is warren buffet. I can tell you thong and the board of insas are rotten to the core, warren buffet is very respected, he admits his mistakes, is open and transparent and makes sure shareholders are rewarded with a share value. Insas board and thong activity do nothing to help the share price and most likely try to make it low. That is why the whole market think they are so bad…

They sold shares as they knew how bad insas was performing. The whole board should not be re elected

@sslee most likely yes Omesti. The board are not transparent and they are trying to hide/protect thong from looking incompetent which he is as long term Omesti board member. It is even worse as insas again provide financing so he knew all decisions and was central to those failures.

Insas holding a loss making company now, as I said bad management. They keep it open only so they can all have high paying jobs and bleed shareholder cash out of the company.

Insas sold long ago I believe … no longer ninja van shareholders

The independent directors of insas are going to be very exposed to legal action as they are not doing there fiduciary duty

Inari now up 21 cents

That is because the market and investors think Thong and the Directors of insas are both incompetent and manipulating the insas share price for their own gain rather than making value for other shareholders!