In contrast, Tunku has not been involved in any scandal before.

In our country - and maybe in many other countries - it is easy to suspect high-level businessmen and politicians to be involved in cheating, fraud, CBT or corruption. We even have our famous "Malaysia Boleh" slogan. Alamak...

But the fact remains that Tunku has never been indicted for any corporate wrongdoing. A quick search on the Internet may confirm that. And, to be fair, we have a system that says we are all innocent until proven guilty.

It's easy to choose Tunku over Andreas Heeschen to run KNM. We have much better chances of improvement in performance.

Woodswater,

I have some good news specially for you and our investor friends on this forum.

There will be news about the first scheme of arrangement (SOA) meeting with ALL creditors where Tunku is proposing to pay EVERYONE including unsecured creditors in FULL. Let's be patient; it will be on 12/10/2023. The announcement will come out even sooner, within the next couple of days.

Our Tunku will also explain in detail how this exercise will be done.

For the first time in SOA a borrower is not asking for haircut. It is normal for distressed borrowers to ask for 30, 50 or even 70% haircut. In the case of AAX it was a 95% haircut!
Adoi... This shows how capable and powerful Tunku and his hardworking team, in settling a fair deal for all creditors and bankers.

In contrast, the German guy doesn't give a damn to the local banks and creditors or small shareholders and bilis.

He only want to buy cheap cheap rock bottom price. Ask him for a plan and see.

Borsig is star of the night right now. They have hundreds of millions back orders and manage to do business even with Elon Musk. Back home we want to put a crown on it. But the Europeans just want to rape it and sell it.

October may make or break KNM. If the Italians/Germans take over we can almost kiss it goodbye. Within weeks or months the share price will be lower than today.

A foreign takeover is possible, but not likely at all. So we should just place our bet on Tunku and his team, then HODL and watch the show.

You know what? Not only we have SOA and EGM in October. The star of the night would be the Borsig SGX listing roadshow by the IBs. Think about it. If the creditors/bankers think Tunku is not honest and capable, KNM is going down and Borsig is about to be raped, would they still spend their time and money to do roadshow for the Borsig SGX listing? The event is confirmed to be in October 2023.

It's like thinking, "Hey, those guys are spending a bomb on Borsig/KNM. We are just bilis investors. What have we got to lose?" I'm doubling up my bet because the price is still cheap and way below NTA. What about you?

Maybe he very confident he will be re-appointed so he go and announce in advance? The date of the article is 19/9, last week. Not even EGM yet, next month only...

If we jump in now and make big bet or sailang, maybe can get caught between the taikohs fighting. Careful ya, see properly then go in...

Big volume transacted but sp didn't jump up. Many people wondering why.

Me also bilis don't know what actually happening belakang. But I can make a good guess. It's the Cat vs Mouse play. Cat say to Mouse - you sell I buy, you buy I sell. Now Mouse is cornered and a bit stressed. Haha...

When company buy back its own stock it shows that it is confident about the business and future prospects. We should definitely follow. We should even put in a bigger bet because it is under-valued. We should obey the mantra - be greedy when others are fearful.

Cyrus!

# Ha Ha , .... Whatever @ Feel Free to post ... Con-Man ... , You're not the only one .. Usually will appear and after thing over all gone disappear.

#I have been in this forum maybe before you were born. You should learn some respect, young man. Find out - before this forum is i invest, what was the name earlier. i also posted thousand comments earlier. Don't assume new account is con man. The fact that nobody chase me out that time means I never post even one fake news. You are a coward and lazy investor never find out and post the facts. Just careful your own posting, don't disturb others.

CyrusQ

New account cannot do posting? Where is the ruling? Did anyone ask you this question when your account was new?

CyrusQ

You and me sama2 saja. Tis counter right now hot ma. I see your posting also 9/10 related to this counter. I hv a few other counters but those are boring type, long term dividend stocks. Later when I free I will still comment a bit becoz I bought.

What I mean is that it is a common saying. It's related to human rights and freedom of speech ma. We cannot arrest ppl for giving their opinion. Unless it's fake news then we can sue them.

I joined many investment forums earlier but stopped for a while after Covid MCO. Now have some fun again.

I think ppl can post anything interesting. They say talking is not a crime. But we hope to have less fake news for our counters. There is too much fake news nowadays. Sometimes it's difficult to tell.

CyrusQ

Not sure about others, but I believe most ppl want to have fun discussion on forum. More importantly get updates and learn from most seasoned sifus to ensure our investment not endangered, can make more money.

I hve friends who invested in counters that became delisted later. Too bad for them. But I also invest long term. I take a longer view of the prospect of the business. I not day trader so I have to use different strategy.

I think by now most ppl oredi aware corporate game going on in KNM. Not surprising la. Many listed companies got game and syndicates going on. Ppl still interested in KNM despite PN 17, sure their assets worth some money. Otherwise why they waste time, right?

This news oredi flying around. Not sure fake news or not. Most likely got some truth there,

https://thecorporatesecrets.com/blog/2023/09/11/mafia-korporat-kenneth-vun-dalang-di-belakang-jutawan-jerman-andreas-heeschen-desak-egm-pecat-tunku-yaacob-khyra-lembaga-pengarah-knm-group/

That ethanol business in Thailand is good but due to a few issues such as shortage of feed stock and the current cash tight situation at the company, management has no choice but to dispose of the business in order to improve the cash flow situation. This will pacify creditors and ensure extension of the restraining order until the cash position is really improved. I'm sure shareholders and investors will understand the situation.

There is a term called "going-on concern." On paper, based on assets, a company may have a value of say, 100m. That value is based on the assumption that the business will continue to run. But if the business is not doing well and bleeding losses and cashflow we have have to force sell at a much lower value. FBM may be worth 40m on paper but if it can be sold for 20m based on its current situation we should be happy even though it seems to be a loss. The cash flow of 20m is very much welcome right now.

General Motors and Toyota invested $1 billion to built a factory for car production. When the project got into trouble, they both sold off that whole factory to Tesla for only $42 million. At that price it was almost like giving away that factory for free.

Supersaiyan3, you're right. The creditors are being paid. They are happy and comfortable bcos the management is very transparent about their cash flow situation with them. The situation is oredit improving with better cashflow; no worries about delisting. Instead, at this rate they will recover from PN17. But if some guys rock the boat the creditors and investment bank may get cold feet. They may be dealing with a new group of ppl.