Of course not...traded was low because the shares were bought by Dato and his proxies as well as TPY and his proxy as a preparation for the next EGMs...

Well since there is no evidence to contrary then I have your word for it. If you are lying? Then you are a liar. Simple no?

With regard to protasco v. nexgram is a totally different story because I weight in Dato and TPY's accusation to each other and come to my final conclusion that Dato and Protasco is the victim while TPY and his cohorts are the villains.

Bing, because he misplaced his trust in Tey Por Yee, the supposedly expert on Indonesian market and also the director and owns substantial shares in protasco so Dato assumed Tey have the interest of protasco in his heart....and the money is calls down payment...very usual in any kind of business...

@steve...definately sell.

You selling burger or not is not my concerns since I don't know you...but if you admits that you are lying then it makes you a liar...plain and simple...

@bing, not even the best law firm can obtain information of the beneficiary owners/real owners of a company that using nominee because LDD only examine what's on paper.

@86, nexgram is in bearish trends and will stay there..the directors were resigning and their founders spamming the market with their shares...why in the hell should I buy nexgram?

My final advise: sell nexgram buy protasco...

Shares goes up and down but nexgram going down is a matter of certainty....not the owners of protasco's blog...here to warns you that nexgram is heading to hell to meet the like of enron, lehman etc.

I am done with advising you to get out from Nexgram about four hours ago..now I'm just answering question.

@bing, marina: yes, that's why the business community agreed that Dato Chong is honest to a fault.

@86: actually NG's price is too high...and at RM 1,6 protasco with it records of profits and dividents since 2003 is far too cheap...

The one man who must be watching the whole boardroom tussle at Protasco (Read here ) must be Bill Ch’ng of Malaysia Pacific Corp Bhd.

You see earlier this year They and his nominees came in like a white knight to buy a stake in Bill Ch’ng’s vehicle.

MPCorp had been all sorts of financial distress and mired in all sorts of debts which I won’t bore you with here. And here came Tey Por Yee screaming like the old Mighty Mouse cartoon “Here I come to save the day”.

But even as TPY (as we shall refer to him now) rode in his so-called merry men had been huddled in Eastin Hotel PJ discussing in their own words “another Protasco.”

What is another Protasco? I shall go into more details soon but basically here’s how the game is played by the TPY syndicate:

1. Seek out either financially distressed companies and offer to buy a stake.

2. Pay for it by injecting some other unknown companies (usually from Indonesia).

3. Alternatively offer the financially distressed company a way out by introducing management to a sweetheart deal or option in a company secretly controlled by his people.

4. The catch is of course some of these deals don’t exist or are questionable in the first place.

5. Finally have the financially distressed company pay out large sums of money as deposits or downpayment for the deal. The deals eventually fall through but the money never comes back.

It is really one of the oldest games around because it preys on two human factors – desperation and greed.

There is little difference in what the TPY syndicate does and what the common common men does except these are big stakes.

This is what he did with Protasco. And I shall elaborate further on what he has done with other companies he has touched in the last few years in my next posts.

So Bill Ch’ng get out of this deal if you can. But I am sure you are so desperate you cannot bring yourself to do this. Portico has done the right thing by exposing this man for what he is. But is Bill Ch’ng blind to this?

Watch this space.

The one man who must be watching the whole boardroom tussle at Protasco (Read here ) must be Bill Ch’ng of Malaysia Pacific Corp Bhd.

You see earlier this year They and his nominees came in like a white knight to buy a stake in Bill Ch’ng’s vehicle.

MPCorp had been all sorts of financial distress and mired in all sorts of debts which I won’t bore you with here. And here came Tey Por Yee screaming like the old Mighty Mouse cartoon “Here I come to save the day”.

But even as TPY (as we shall refer to him now) rode in his so-called merry men had been huddled in Eastin Hotel PJ discussing in their own words “another Protasco.”

What is another Protasco? I shall go into more details soon but basically here’s how the game is played by the TPY syndicate:

1. Seek out either financially distressed companies and offer to buy a stake.

2. Pay for it by injecting some other unknown companies (usually from Indonesia).

3. Alternatively offer the financially distressed company a way out by introducing management to a sweetheart deal or option in a company secretly controlled by his people.

4. The catch is of course some of these deals don’t exist or are questionable in the first place.

5. Finally have the financially distressed company pay out large sums of money as deposits or downpayment for the deal. The deals eventually fall through but the money never comes back.

It is really one of the oldest games around because it preys on two human factors – desperation and greed.

There is little difference in what the TPY syndicate does and what the common common men does except these are big stakes.

This is what he did with Protasco. And I shall elaborate further on what he has done with other companies he has touched in the last few years in my next posts.

So Bill Ch’ng get out of this deal if you can. But I am sure you are so desperate you cannot bring yourself to do this. Portico has done the right thing by exposing this man for what he is. But is Bill Ch’ng blind to this?

Watch this space.

I only want to ask one question. Do victims intimidate or tamper with witnesses?

I am not calling anyone a gangster ok? But this below in today’s Sun:

Protasco says found evidence of witness tampering
Posted on 20 November 2014 – 02:06pm
sunbiz@thesundaily.com

Print
PETALING JAYA: Protasco Bhd has filed committal proceedings against Tey Por Yee, Ooi Kock Aun and their lawyer Gideon Tan for interfering with the evidence of a key witness involved in its suit against PT Anglo Slavic Utama (PT ASU) and the two directors.

Protasco said it came to have knowledge that Tey, Ooi and Tan “had attempted to pervert and or obstruct the course of justice by interfering with the evidence of a key witness of the company” in respect of the suit.

It said it has obtained the statutory declarations of the key witness and “his” Indonesian lawyers relating to the interference.

Protasco said it had on Tuesday obtained leave of court to initiate committal proceedings against Tey, Ooi and Tan, and to show cause as to why they should not be fined and or be committed to imprisonment for contempt of court “for attempting to pervert and or obstruct the course of justice by interfering with the evidence of a key witness of the company”.

The High Court has fixed Dec 8, 2014 to hear the committal proceedings.

Protasco, embroiled in a boardroom tussle, is suing PT ASU, Tey and Ooi for conspiracy to defraud Protasco and making secret profit after its attempt to buy a 63% stake in oil and gas outfit PT Anglo Slavic Indonesia collapsed.

@marina, TPY can conned Dato because Dato is naive...he assume everyone is as honorable as he is, which obviously false.

@Travolta: TPY is not a businessman, he is a crooks and a liar.

I only want to ask one question. Do victims intimidate or tamper with witnesses?

I am not calling anyone a gangster ok? But this below in today’s Sun:

Protasco says found evidence of witness tampering
Posted on 20 November 2014 – 02:06pm
sunbiz@thesundaily.com

Print
PETALING JAYA: Protasco Bhd has filed committal proceedings against Tey Por Yee, Ooi Kock Aun and their lawyer Gideon Tan for interfering with the evidence of a key witness involved in its suit against PT Anglo Slavic Utama (PT ASU) and the two directors.

Protasco said it came to have knowledge that Tey, Ooi and Tan “had attempted to pervert and or obstruct the course of justice by interfering with the evidence of a key witness of the company” in respect of the suit.

It said it has obtained the statutory declarations of the key witness and “his” Indonesian lawyers relating to the interference.

Protasco said it had on Tuesday obtained leave of court to initiate committal proceedings against Tey, Ooi and Tan, and to show cause as to why they should not be fined and or be committed to imprisonment for contempt of court “for attempting to pervert and or obstruct the course of justice by interfering with the evidence of a key witness of the company”.

The High Court has fixed Dec 8, 2014 to hear the committal proceedings.

Protasco, embroiled in a boardroom tussle, is suing PT ASU, Tey and Ooi for conspiracy to defraud Protasco and making secret profit after its attempt to buy a 63% stake in oil and gas outfit PT Anglo Slavic Indonesia collapsed.

@bing and marina, unless tey and ooi can prove that they are not the owners of all of the indonesian companies, then there is no way in hell that the lawsuits will failed and backfired to Dato Chong.

Tey Por Yee’s Nexgram, a fate which Protasco may have avoided?
Don’t just take my word for it ok? It is a matter of public record that Tey Por Yee has been chucking his shares in Nexgram like the certificates could give him Ebola.

Why you may ask?

Well of course its auditors had found an unexplained hole there of RM90 million. And again it involves Indonesian companies which Tey and his partner have interests in.

To make the audit palatable the story is that moneys invested in Indonesia by Nexgram was eventually returned.

Not sure if all this  true but you have to say it is suspiciously like the Protasco scandal yes?

Please read the facts of the case in Protasco’s suit against Tey and Ooi Kok Aun and you will find striking similarities in the modus operandi of investments.

Well today Nexgram is trading around the NINE sen mark.

So you tell me now – is this a white knight who has been a victim of the Protasco board?

Tey Por Yee’s Nexgram, a fate which Protasco may have avoided?
Don’t just take my word for it ok? It is a matter of public record that Tey Por Yee has been chucking his shares in Nexgram like the certificates could give him Ebola.

Why you may ask?

Well of course its auditors had found an unexplained hole there of RM90 million. And again it involves Indonesian companies which Tey and his partner have interests in.

To make the audit palatable the story is that moneys invested in Indonesia by Nexgram was eventually returned.

Not sure if all this  true but you have to say it is suspiciously like the Protasco scandal yes?

Please read the facts of the case in Protasco’s suit against Tey and Ooi Kok Aun and you will find striking similarities in the modus operandi of investments.

Well today Nexgram is trading around the NINE sen mark.

So you tell me now – is this a white knight who has been a victim of the Protasco board?

@Marina, the point is that you cannot compare you burger business with the complexity of running a listed company and its subsidiaries like Protasco...it would be like comparing knife with nuclear weapon. Hopefully the universe will pay me with a good kamma.

@dreamaker...once it hit 0,01 there would be no turning back...

Tey Por Yee and his magical arms length deal with Protasco
As the countdown to next week’s Protasco EGM continues, here are some interesting points to ponder for shareholders who may want to consider why Tey Por Yee should be kicked out from Protasco’s board.

Actually all those who have dealings with the Tey Por Yee syndicate and also the public at large should take note of this cautionary tale.

Just to go back a little Tey Por Yee had in 2012 brought to the attention of Protasco a deal to invest in an oil and gas venture in Indonesian concern PT Anglo Slavic Indonesia (PT ASI).

As part of the deal some RM50 million was paid upfront, and as collateral shares in a seemingly unrelated Indonesian company PT Inovisi was pledged as collateral to Protasco.

It should be noted that all this while the Protasco board (the innocent members of the board that is) thought they were dealing with Indonesian companies and businessmen.

Tey Por Yee was allegedly arms length away from the deal. His only interest or so he was to lead the board to believe was with Protasco benefiting from the deal.

Now back to the PT Inovisi shares pledged for the deal. These shares were in the name of Acclaim Investments, a company registered in the BVI with a paid up capital of US$100.

It has now emerged that Acclaim Investments was set up in 2009 with just two shareholders. Guess who? Tey Por Yee with 85 shares and his sidekick Ooi Kok Aun with 15 shares.

(As for February 6, 2014 these two men now no longer own any shares in Acclaim. It is now 100 per cent held by one Lim Sue Fern)

Plus the fact that Tey Por Yee and Ooi Kok Aun also own or have beneficial interests in the various companies with interests in the PT Slavic deal one can now see this tangled web that the two men spun to entangle Protasco and ultimately receive US$27 million in a deal which has just fallen apart.

So not bad lah this magician. He has got the US$27 million, Protasco has lost the money and there’s no deal on the table any more.

You can draw your own conclusion as to who got cheated and who was the victim of what can only be called a giant scam.

So who do you think you would vote out of Protasco’s board?

Tey Por Yee and his magical arms length deal with Protasco
As the countdown to next week’s Protasco EGM continues, here are some interesting points to ponder for shareholders who may want to consider why Tey Por Yee should be kicked out from Protasco’s board.

Actually all those who have dealings with the Tey Por Yee syndicate and also the public at large should take note of this cautionary tale.

Just to go back a little Tey Por Yee had in 2012 brought to the attention of Protasco a deal to invest in an oil and gas venture in Indonesian concern PT Anglo Slavic Indonesia (PT ASI).

As part of the deal some RM50 million was paid upfront, and as collateral shares in a seemingly unrelated Indonesian company PT Inovisi was pledged as collateral to Protasco.

It should be noted that all this while the Protasco board (the innocent members of the board that is) thought they were dealing with Indonesian companies and businessmen.

Tey Por Yee was allegedly arms length away from the deal. His only interest or so he was to lead the board to believe was with Protasco benefiting from the deal.

Now back to the PT Inovisi shares pledged for the deal. These shares were in the name of Acclaim Investments, a company registered in the BVI with a paid up capital of US$100.

It has now emerged that Acclaim Investments was set up in 2009 with just two shareholders. Guess who? Tey Por Yee with 85 shares and his sidekick Ooi Kok Aun with 15 shares.

(As for February 6, 2014 these two men now no longer own any shares in Acclaim. It is now 100 per cent held by one Lim Sue Fern)

Plus the fact that Tey Por Yee and Ooi Kok Aun also own or have beneficial interests in the various companies with interests in the PT Slavic deal one can now see this tangled web that the two men spun to entangle Protasco and ultimately receive US$27 million in a deal which has just fallen apart.

So not bad lah this magician. He has got the US$27 million, Protasco has lost the money and there’s no deal on the table any more.

You can draw your own conclusion as to who got cheated and who was the victim of what can only be called a giant scam.

So who do you think you would vote out of Protasco’s board?

@dreammaker: I think Chong will make NG becomes: 0,01...

@bing, to know who's the owner is a job for a law firm to do due diligence of the company but that on assumption that Tey and Ooi put their name in corporate docs, which obviously they are not that stupid therefore they sought for nominee to act as the shareholders or director...and remember that Dato Chong don't know Indonesian market and Tey and Ooi are supposedly the expert on Indonesia's market because he has acted as consultant for many Indonesian companies and businessman, but that's not diminishing any obligation from Tey and Ooi to disclose whether they have interest in the said transaction.

@86, why should I worried? I can cut loss at the first sign of danger to Protasco's share and my sources is the announcements at the bursa and the newspapers.

@liartey: can't deny Tey and Ooi cheated Protasco and tried making secret profits eh? Better looking for new job then because they are going down.

@marina, you sell burger? And you compare yourselves to the complexity of running multibillion company? At least create your business as a franchise first, then we'll talk...

Is that pathetic argument your boss' best defense? Unless you can disprove the allegation that Tey and Ooi doesn't breach their fiduciary duties and has revealed that they are the owners of ASU then they are going down...don't forget, they have signed statutory declarations to the effect stated that they don't have any interest at ASU, which now we know is a lie...it's a perjury and criminal offence to lie in a statutory declarations.

So you boss will go to jails for one or all of this offence:

- perjury.
- witness tempering.
- embezelment of company's money.
- forgering document.

@blind...not defending a certain individual..but I'm defending the truth. Protasco and Nexgram are related via Tey and Ooi.

@liartey, is that pathetic argument your boss' best defense? Unless you can disprove the allegation that Tey and Ooi doesn't breach their fiduciary duties and has revealed that they are the owners of ASU then they are going down...don't forget, they have signed statutory declarations to the effect stated that they don't have any interest at ASU, which now we know is a lie...it's a perjury and criminal offence to lie in a statutory declarations.

So you boss will go to jails for one or all of this offence:

- perjury.
- witness tempering.
- embezelment of company's money.
- forgering document.

Yet the facts remains and undeniable: Tey Por Yee and Ooi Kock Aun, the two snakes, should have disclose they are the owners of anglo slavic, green pin, inovisi. Can your blogs disprove this? The answer: HELL NO.

@bing, suing one Tey Por Yee and Ooi Kock Aun for breaching their fiduciary duties hardly qualified as: "always suing people."

@marina, what is your business? Can it compared to multi-billion company built by Dato Chong?

This is the reputation of both people in business community (the real business community not just a group of shop owners at sungai wang).

Dato Chong:

- honest to a fault.

- man of honor.

- man of his word.

- great CEO.

- trustworthy.

Tey Por Yee:

- liar.

- deceitful.

- bully (in the most derogatory means).

- untrustworthy.

- bad CEO, bad businessman.

The proof? All Protasco's directors save for TPY and OKA stay loyal to Dato Chong during the present ordeals while three nexgram's directors resigned on the same day Protasco filed it lawsuit.

@cockcroach...exactly.....

Don't wait to long or you will not be able to cut your loss...

Nexgram owned by: Tey Por Yee, Tey Por Chen and Seh Poh Yee....all of them are involved in the present case, Tey Por Yee, well he is the main culprit...Tey Por Chen's company is a subsidiary of PT Inovisi and Seh Poh Yee's company using his wife as a nominee is Acclaim, also involves in the transaction between Protasco and PT Anglo Slavic Utama.

I actually cash in my Protasco shares then by more when the price is dropped but I sold my nexgram's share permanently. From the looks of it, there is no way that Tey Por Yee and Ooi Kock Aun can escape their fate, unless they agreed to return Protasco's money. I think Protasco's demand is reasonable...it it their money and the transaction is fake, so better return it.

Well, I am not related to Protasco or any of the Chongs...merely an investor with interest on the present case...made a hefty profits when the shares reached RM 2....But you on the other hands is clearly one of Tey and Ooi's henchmen..

I don't see that Dato Chong deny that he signed agreement with PT Anglo Slavic Utama, because at that time he was induced by the liar Tey Por Yee and Ooi Kock Aun of the existence of an arm's length oil and gas transaction with an indonesian companies, which now revealed as an alter ego for Tey and Ooi...

On contrary, with so many evidence that PT Anglo Slavic Utama et.al. are their alter ego, Tey Por Yee and Ooi Kock Aun shamelessly deny such facts and file vexatious litigation with the intention to smears and slanders Dato Chong's good name with forged documents, then distributes the said bogus documents to journalist....

I believe in kamma..so when I see someone heading to a cliff I have to warns them as hard as I can. If they don't want to listen? Their choice their life their bad kamma...at least I won't have bad kamm dangling above my head for letting people die in vain.

They sold shares to nominee, so for intent and purpose they remains the controlling shareholders of nexgram. Of course nexgram is very much involved in the case, for example, www.angloslavic.com is registered under abamon which shares the same address as nexgram. Abamon is a subsidiary of PT Inovisi, which controlled by PT Green Pine. Green Pine's shareholders is a subsidiary of nexgram. See the structure? How nexgram not involved? Even Tey Por Chen's company is a subsidiary of Inovisi.

God will only helps people who want to help themselves. Get out from Nexgram now while you can...cut your loss now because you may not be able to do this tomorrow.

Another one: for you boss' eyes only: Nei doe chi lun sin ga. Fan ook kay diu chut lei lo mo gor chow hai yeen hau lye gon jeng nei lo mo gor see fut loong la.

Hey pussytey, send our regards to your boss: Kan ni na bu chao chee bye. ler e lao bu kor gao gan, ler e lao peh tio bey kan, chee hong kia!

Bing...haiyaaaa......Li lao bu ho ang moh lang kan ka seh li zi pu bor kia....

@86, it's your doom if you think the case will not affecting nexgram...remember, three NG's directors resigned exactly because of this case. Nexgram is more involved in this then you think....

With regards to evidence, this is a message board, not a court of law....the evidence of your boss' breaching their fiduciary duty will be revealed in due course....that being said, three nexgram's directors resigned reasoning Protasco filed lawsuit against Tey and Ooi is a facts....and they were not a mere employee but part of nexgram's management and knows who Tey and Ooi really is: a crook, a thief, a liar.m

@liartey...

Can't answer eh?

If you boss defense is this weak, then you should find another job because at the end of the day Tey Por Yee and Ooi Kock Aun will be bankrupted and their life work? Gone in a blink of an eye..afterward they will go straight to jails for contempt of court, embezzling company's money and forgering documents...that's like what? 10 to 15 years?

Let's recap:

1. PT Anglo Slavic Utama-PT Anglo Slavic Indonesia-PT Nusantara Rising Rich-PT Inovisi Intracom Tbk-PT Green Pine-PT Haseba-PT FAS-Abamon-PT Goldchild Integritas Abadi-Acclaim-all owned by Tey Por Yee, Ooi Kock Aun, Tey Por Chen and Seh Poh Yee.

2. Tey and Ooi failed to disclose to Protasco of their interest in the transaction because the companies that supposedly is a client to their consulting firm is actually owned by them (see above).

3. Tey and Ooi lied to the media and distributes forged documents to the public.

4. Tey, Ooi and their lawyer, attempted to temper with key witness and their evidence.

5. Not even nexgram's directors believe that they are innocent.

Check mate.

Nexgram is the alter ego of Tey, and Ooi...if the two goes down, nexgram won't survived, that is the reason Tey Por Yee, Tey Por Chen and Seh Poh Yee spamming the market with their junk shares so when they lose the battle against Protasco, the court cannot place any injunction against their nexgram's share because they already cash in their shares...

Correction for no. 6, should reads RM 10,000,000 not US$ 10,000,000. Really? Dato Chong the de facto ruler helped ensuring his company to secure US$ 22million (RM 90million) with an Indonesian company and his kick back is merely RM 10million? Come one....RM 10million is like a toilet paper for a man with Dato Chong's stature...

@pusytey, it that the best defense you can come up with? Want to "balance things out"? Will help you to look good in front Tey and Ooi should they read this message board.

If you want to prove that they are innocent, then answer the following question:

1. Why three of nexgram's directors resigned on the same day that Protasco filed it lawsuit, reasoning?

2. If PT Anglo Slavic Utama and PT Anglo Slavic Indonesia is not Tey and Ooi's company, then what is the reason that the said company's website, www.angloslavic.com is registered under Abamon, which shares same address as their flagship company, nexgram?

3. If PT Inovisi, PT Green Pine, PT Goldchild, PT Nusantara Rising Rich is not Tey and Ooi's company, then why Abamon, Rising Rich and Goldchild is a subsidiary of PT Inovisi, and Goldchild shares the same address as PT Inovisi?

4. Who owns the BVIs' company that respectively owns PT Anglo Slavic Utama and PT Green Pine (the controlling shareholders of PT Inovisi)?

5. If Tey and Ooi are innocent, then why the needs to tempering with witness and evidence?

6. Dato Chong built Protasco from ground up and he successfully ensures the survival of the company during 1998's financial crisis without firing any employees, and as Tey and Ooi alleges that Protasco is only have one de facto ruler, Dato Chong. If this is the case, why Dato Chong needs a foreign company if he wants to siphoned the company money? He can't establish his own BVI's company and strong arms his directors into submission and entering into a "fictititous" transaction to siphons a bigger amount of money, since US$ 10 million is not that much of money for Dato Chong.

7. On contrary, if Tey and Ooi is telling the truth that Dato Chong received kick back from Indonesian companies and they magically have this information just after the fact from ASU's sole director, then what is the reason that all the supposedly group of companies used by Dato Chong to layer his kick back money are all companies owns by Tey and Ooi, i.e. PT Anglo Slavic Utama, PT Nusantara Rising Rich, and PT Goldchild Integritas Utama?

See, rather than acting cry baby like "dato chong manipulating this, dato chong manipulating that" it would be much better to structure your defense in a concise and straightforward answer. That if you are able...

@humantask, if your mom is a female and your dad is a male, then it's normal....but if your mom is infertile or your dad is a eunuch, then it begs the question on your existence, are you adopted or either your mom or dad cheated.

Same goes here, Tey and Ooi owns a flagship company outside Protasco in which they are the shareholders and directors? Normal.

Tey and Ooi owns dozens of companies outside Malaysia, including in BVI? normal.

But, if they induced Protasco into entering a deal with one or two of their "alter ego companies" without revealing that they are the owners because they intents to make secret profits out of Protasco even though they are obligated to do so by the law? Now, this is not normal and not business as usual.

By the way, you are wrong about our ancestors coming out from apes...it's means you don't understand at all about Darwin's theory on evolution....better do your research before saying something that you don't understand in a message board.

@86, don't worry about any evidence...that's would be revealed in due course...let the court decide....but now as an investor we should decides who's to believe, the co-founder of Protasco or two new directors and shareholders that not even the directors of their own flagship company believe that they are innocent and therefore resigned on the same day Protasco filed their first lawsuit.

@pusytey, well, I am not chong's staff, but you clearly the staff of Tey and Ooi..don't be lazy like a overweight pig and do your research...everything I told you can be traced using google....what a lazy bump....on EGM...are you retard or something? If, and this is a big if, Chong win, there's nothing that Tey and Ooi can do in terms of management of Protasco....they would be sidelines to become shareholders only....

If I am "chong's staff", then should I say that you are Tey and Ooi's staff trying to bury your boss' crimes? You can google yourself for everything that I wrote can be found in the internet, for example, if you have decent IT skill then you can check that www.angloslavic.com is registered under Abamon, then you can trace that Abamon's address is actually the same as nexgram's address. Then you can research further to the facts that Abamon is a subsidiary of PT Inovisi. If you are not lazy, you can go research the controlling shareholders of PT Inovisi is PT Green Pine, which is owned by a unknown BVI's company which shareholder is a Malaysian company connected to Seh Poh Yee, the co-founder of Nexgram. Need to continue?

Marina, you couldn't be more wrong...the lawsuit is between Protasco and its Director (Tey and Ooi) for making secret profits out of Protasco. Don't fall to Tey and Ooi's strategy to make this case as if only a boardroom fight...it's not...Dato Chong is a co-founder of Protasco and he build the company from ground up so it would be stupid of him to invite Tey and Ooi then one year later instigate a litigation which ruins his company name for the sake of sacking the same investors/directors.

Frying shares is typical Tey and Ooi..they did it one year ago with their alter ego, PT Inovisi, and the authority their freezed the shares for "unusual activity."

Report can be falsified...it's only number on a piece of paper...even Fannie Mae, Freddy Mac, Enron, Parmalat, Lehman etc, all shows great report and supposedly still making money right before everything goes down hill....Final warning, stay away from Nexgram if you want to keep your hardearned money...

Better sell Nexgram....Tey and his cohorts always frying NG's shares.....run away while you can...one indication, the three directors whose resigned when Protasco filed their first suit. They won't do that if they believe in They and Ooi, right? Why should you place your trust in Tey and Ooi when their own directors clearly doesn't...

Tey Por Yee and Ooi Kock Aun have dozens companies accross Malaysia, Indonesia, Singapore, Australia to act as their nominee.....I would say that the shares are bought by one of such companies then their other company will buy the said shares with a higher price to increase Nexgram's shares....

The court case is between company and individual:

Protasco 1st case: Protasco v. PT Anglo Slavic Utama, Tey Por Yee and Ooi Kock Aun

Protasco 2nd case: Protasco v PT Goldchild Integritas, Ooi Kock Aun

Tey's 1st case: Kingdom Seekers on behalf of Protasco v. Maha Niaga, Chong Ket Pen et.al.