Just cut loss...sell sell sell LOL LOL LOL

Hehehehe can't answer eh brother tey?

Let ask another one.

Protasco agreed to partake in the transaction is also hinges on the conditions that pertamina extend the contract to pt haseba to work on the kuala simpang's oil field.

Now, due to tey and ooi dispute with herman and benny which is the fault of tey and ooi who stole haseba and fas' shares, pertamina then refused to extend the contract until the ownership dispute between tey-ooi and herman-benny is resolved.

Based on the above premises, why should protasco proceed with the transaction when the condition precedents is not met?

And of course there is the issue of tey and ooi being the directors of protasco turns out are the owners of the shares and failed to disclosed their financial interest in the transaction LOL LOL.

Let ask another question.

Tey and ooi kept mentioning the existence of vendors, clients, brokers, suppliers, yada yada yada. But who are they?

The party to the transaction are:

1. Herman Koswara and Benny Tjokro who agreed to sell their shares in fas and haseba to tey in exchange for investment by tey and ooi. Up to this day never received money but their shares has been stolen by tey and ooi by the way.

2. Protasco who agreed to purchase pt fas' shares provided the deal is clean and clear.

3. Tey por yee and ooi kock aun who "bought" fas and haseba's shares, setup up fictitious companies to hold the shares; and also the one who offered the shares to prostasco.

4. In setting up the deal (which mean to make anglo slavic's looks legitimate), the following companies were involved: globalcapventure, nexgram, pt inovisi infracom tbk, green pine group of companies, acclaim. All of this companies owned or controlled by tey and ooi.

5. There also swarms of tey and ooi's indonesian and malaysian nominees.

So tell me, which one is the vendors, clients, suppliers, brokers etc etc?

Hehehe, again, you tried and failed to escape in answering the question brother.

If the deal really taken at arm's length, tey and ooi should have offered the 18billion rupiah deal with herman and benny instead of fhe inflated 55million dollar.

As whether tey and ooi did helped chongs is irrelevant to the matters as it is evident that tey and ooi attempted to defrauded protasco.

Hehehehe you did not answer the question brother.

The main issue is that tey and ooi brought unclean and unclear projects to protasco and ask protasco to pay usd 55million for it. We would all calls chong stupid if they proceed with the transaction LOL LOL

And there is no vendors and no client. One who believe the lies from tey and ooi deserved to called stupid LOL LOL

What really happens is herman koswara and benny tjokro, the owners of pt fas and pt haseba looking for potential investors. Along came tey who promised to invest in the amount of idr 18billion in exchange for ownership at pt haseba. The investment promised did not came to fruition (typical tey and ooi) but tey and ooi already held illegal egms by forging signatures (again, typical tey and ooi) in order to steal the shares of pt haseba and pt fas.

Tey and ooi then setup pt asu, pt asi, anglo slavic petrogas to hold the shares of pt fas and pt haseba. Which they then offered the shares that they stole to protasco in inflated price (idr 18billion to usd 55million).

So, in short:

1. Tey and ooi are the owners of the anglo slavic group of companies therefore they has perjured themselves when signing sds and declaring they don't have economic interest in the transaction.

2. Tey and ooi are thieves and deserves jail time.

3. Tey and ooi embezzled money from protasco.

Check mate brothers LOL LOL LOL

Nexgram is ruined. It shares plummeted, the sc is probing into nexgram's questionable corporate action, and it founder is indicted for fraud and perjury LOL LOL LOL

And oh, you did not answer my question: what would happens of protasco proceeded with the disputed so called oil and gas project? LOL LOL

LOL LOL LOL....tey and ooi main defense consists of: 1. Blaming the demi god chongs for bringing them misfortune and 2. Questionable anonymous blogs setup yours trully: tey and ooi LOL LOL LOL

Given the particular defense, it would be a miracle if tey is able to escape jail terms. If that happens, then teys is a more powerful demi god than the chongs LOL LOL

http://www.thestar.com.my/business/business-news/2016/01/15/sc-concerned-about-nexgram-takeover-of-iretex-corp/

Well, nexgram is so ruined that not even the all mighty power full demi god wizard the chongs could save it if they want LOL LOL LOL

KUALA LUMPUR, Jan 15 — A former director of Protasco Bhd was charged in the Ampang Sessions Court today with fraud involving RM68 million, and making a false declaration, four years ago.

Datuk Tey Por Yee, 40, claimed trial to both charges. On the first charge, he is accused of concealing information from the company’s board of directors and officers that he had a vested interest in a company, PT Anglo Slavic Utama in Indonesia.

In so doing, he allegedly misled the victims into entering into an oil and gas investment agreement with PT Anglo Slavic Utama through the purchase of 63 per cent of PT Anglo Slavic’s shares in Indonesia worth US$22 million (RM68,393,170).

The payment for the shares was allegedly channelled in stages to two CIMB PT ASU accounts.

Tey is accused of committing the offence at Protasco Bhd’s office at Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang here, between November 2012 and January30, 2014.

On the second charge, he allegedly made a sworn false statement before Wern Li Morsingh, a Commissioner of Oaths that he did not have any vested interests in PT Anglo Slavic Utama, whether as a director or shareholder. He is accused of committing the offence in the company’s conference room at the same place on July 25, 2014.


Judge Rushan Lutfi Mohamed set bail at RM1 million with one surety and February24 for re-mention.

Tey was also ordered to surrender his passport to the court and to refrain from harassing the prosecution’s witnesses.

Deputy public prosecutor Datin Nurshuhaida Zainal Azahar acted for the prosecution while counsel Datuk K.Kumaraendran and Mak Lin Kum represented the accused. — Bernama

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- See more at: http://m.themalaymailonline.com/malaysia/article/ex-company-director-charged-with-rm68m-fraud#sthash.mgibhGRB.d

For you who are confused, pt inovisi infracom tbk is a flagship indonesian company of tey por yee and ooi kock aun..the company's shares is suspended by the indonesian sc and it managements has closed down the company without notifying it investors and employee.

AliceTey So basically tey-ooi defense is that their misfortune can be blamed to the chongs. Wow, they made the chongs almost like a demi-god who can magically conjure up anything they want LOL LOL LOL

Let's see

- malaysia police raided nexgram office must be because the chongs right?

- indonesia police raided pt inovisi office also must be because of the chongs?

- tey is a suspect of fraud and perjury in malaysia is because of the chongs?

- tey is a suspect of fraud and forging signature in indonesia is also chongs?

- nexgram is investigated by sc because emmmm chongs?

- pt inovisi's shares is suspended by indonesia sc also chongs?

- tey and ooi disposal of nexgram's assets is chongs?

- tey and ooi disposal of pt inovisi, ruining the life of it investors and employee also chongs?

- tey and ooi got robbed by their enemy who were tipped by their employee is chongs?

- tey and ooi request to the indonesian police for protection when they appear for questioning, reasoning an indonesian mafia that they previously cheated will kill them; is also chongs?

- nexgram's shares plummeted because of chongs?

- pt inovisi's shares plummuted also chongs?

- adrian ooi kock aun cheating on his wife by screwing his indon maid chongs again?

- larry tey por yee cheating on his wife by playing around with hookers in indonesia must be chongs?

- and so many more that befallen tey chee bye and ooi puki that can be traced to demi god chongs LOL LOL LOL

So basically tey-ooi defense is that their misfortune can be blamed to the chongs. Wow, they made the chongs almost like a demi-god who can magically conjure up anything they want LOL LOL LOL

Let's see

- malaysia police raided nexgram office must be because the chongs right?

- indonesia police raided pt inovisi office also must be because of the chongs?

- tey is a suspect of fraud and perjury in malaysia is because of the chongs?

- tey is a suspect of fraud and forging signature in indonesia is also chongs?

- nexgram is investigated by sc because emmmm chongs?

- pt inovisi's shares is suspended by indonesia sc also chongs?

- tey and ooi disposal of nexgram's assets is chongs?

- tey and ooi disposal of pt inovisi, ruining the life of it investors and employee also chongs?

- tey and ooi got robbed by their enemy who were tipped by their employee is chongs?

- tey and ooi request to the indonesian police for protection when they appear for questioning, reasoning an indonesian mafia that they previously cheated will kill them; is also chongs?

- nexgram's shares plummeted because of chongs?

- pt inovisi's shares plummuted also chongs?

- adrian ooi kock aun cheating on his wife by screwing his indon maid chongs again?

- larry tey por yee cheating on his wife by playing around with hookers in indonesia must be chongs?

- and so many more that befallen tey chee bye and ooi puki that can be traced to demo god chongs LOL LOL LOL

LOL LOL....no lah brothers...in indonesia the oil-and-gas project brought by tey and ooi to protasco is in dispute. The owner of pt fas and haseba already filed criminal complaint against tey-ooi alleging among other that tey-ooi forged their signatures to held illegal egms and stole the company from them. Tey already named as a suspect pending trial but this would wait until the criminal trials in malaysia is over. And pertamina refused to extend the contract if haseba's ownership is in dispute.

Now imagine for a moment of what will happen to protasco if despite all bad signs still proceed with the purchase? One thing for sure: protasco gets nothing, but tey-ooi will die a rich man from the money they embezzled from protasco LOL LOL

Yuhuuuu...

Of course oka is involved in the game. He is the game master of goreng-goreng. He keep goreng until there is nothing left to salvage.

LOL LOL, it's call goreng lah brother....tpy and oka favorite gameplay...they did it with inovisi's which cause the indonesian sc to suspend the trading because the shares goes up and down very fast.....

Ggekko. No it won't. Check my post this morning. I put links which show that tpy and oka's company in indonesia (pt inovisi infracom tbk) is suspended by the indonesian sc. then they closed down the company without prior notice to their employee and investors. Now, the investors cannot withdrawing their investment while it is suspended in perpertuality because the sc will not open the suspension unless inovisi show any improvement which would not happen since the company is already defunct.

Kyo, better cut loss...a year ago people here doubted my forecast that nexgram is in ruined and it shares will soon dropped to show it true value: 0, zero, nil, nada.

Now, am I right or am I wrong? You tell me.

What strong signal? Nexgram's founders charged in court for fraud and perjury good signal? Sc investigation of nexgram on "perculiar" disposal of asset is a strong signal? LOL LOL

Hahaha wrong....protasco already conveyed to tpy and oka that they only want to get back the money emblezzed by tpy and oka in the foiled oil and gas fiasco. It is only fair given tey and ooi ownership of pt fas and pt haseba's shares is not clean and clear to begin with (tey and by extension ooi initiated an egms that forging the signature of herman koswara and benny tjokro to steal pt fas and pt haseba so now tey has been named as a suspect with indonesian authority).

Unfortunately such fair offer was met with rude and condecending manners from tpy and oka. So now tell me who is the villain and who is the superhero in this fairy tale?

Look kid, the devil himself LOL LOL LOL

https://m.youtube.com/watch?v=kDlQQNA_LEM

Nexgram is never a golden goose....from it inception nexgram was and is the offspring of the prince of darkness...

And down it goes LOL LOL LOL LOL

Yo, chinaman, I don't have any ill will towards you guys...i do want to help you so all of you do not suffer the same fate as the indonesians who invested their saving in tpy and oka's company. Cut loss now people....nexgram is heading to 0 valuation.....

Anyway; i'm back LOL LOL LOL

Tey por yee, ooi kock aun kan ni na bu chao chee bye. ler e lao bu kor gao gan, ler e lao peh tio bey kan, chee hong kia! LOL LOL LOL

Enough for today....see you in the next episode: nexgram bleeding to death LOL LOL

Ooi kock aun pu nin bo a chow chee bye LOL LOL LOL

Tey por yee, gan lu zap pui dai LOL LOL LOL

LOL LOL LOL....still cannot answer how my valid source can be compared with blogs setup by tey puki and ooi chee bye? LOL LOL

Nexgram is falling down, falling down...nexgram is falling down falling down....

See what I told you is coming true, the share start falling over LOL LOL LOL

Tuesday, 19 January 2016
Probe deepens on Nexgram

BY RISEN JAYASEELAN

Action taken will depend on findings of the investigation

PETALING JAYA: Following the unprecedented action by the Securities Commission (SC) to disclose questionable actions by Nexgram Holdings Bhd, the regulator’s next course of action is a thorough investigation into the money trail relating to the RM84.5mil cash balance that had previously existed in the company, sources said.

This investigation will entail, among others, answers from directors, advisors and auditors of Nexgram, which is involved in software and property.

It is learnt that the authorities are looking at the dealings involving three subsidiaries of Nexgram and if the decision to divest them went to the board.

“The three subsidiaries were already the subject of investigations by the authorities in the capital markets. Knowing that, how did the planned divestments get done?” asked a corporate lawyer. The type of action taken will depend on the findings of the investigation by the regulators.

To recap, last Friday, the SC invoked its powers under Section 217(4)(b) of the Capital Markets and Services Act 2007 (CMSA) by issuing a public statement in relation to a proposed takeover of Ire-Tex Corp Bhd by Nexgram, to be funded by the latter’s shares.

The SC’s concerns had related to the value of the assets of Nexgram, noting that the actions of Nexgram to dispose of some of its subsidiary companies “delays and obstructs the ongoing enquiries by the SC and Bursa Malaysia.”

According to sources, both the SC and Bursa had concerns about Nexgram, following the latter’s service of its notice to takeover Ire-Tex last November.

At some point in their investigations, both regulators agreed that there were sufficient grounds for Bursa to require Nexgram to provide verification on the existence of certain assets belonging to these subsidiaries.

It is also understood that as part of the initial investigation into Nexgram, the SC and Bursa had met with the advisors and a representative of the board of Nexgram to request the verification of certain alleged bank balances by an independent accountant.

The trigger point for the SC to take action under Section 217 of the CMSA was the company’s decision to dispose the relevant subsidiaries.

The type of actions of the regulators in this case will depend on when the outcome of their investigations are, which is also a complicated matter as it involves bank accounts and other transactions in Indonesia.

Depending on the timing of the findings, the SC could file for an injunction to stop the offer from proceeding or leave the offer to lapse. This is because Bursa has already notified Nexgram through its advisors that it will not clear the circular to shareholders and thus an EGM cannot be held for Nexgram shareholders to vote on matter, and this in turn would lead to the offer lapsing.

“The combined efforts of the SC and Bursa are ensuring that the shareholders of the target company, namely Ire-Tex, are not in danger of receiving payment in shares that may have a questionable value,” explained the corporate lawyer.

The SC raised eyebrows at the value of Nexgram that was sitting on a cash balance of RM84.5mil as at April 30, 2014. Its accounts showed that in the following financial year, most of that cash looked like it had been converted into inventories.

The company could have used the cash to purchase inventories, indicative by the accounts which showed inventories move from zero to RM89.8mil as at 2015. At the same time, cash balances fell to RM31.1mil. Sources said the SC’s enquiries could have centred around the paper and cashtrail of how those inventories were built up.

The case involving Nexgram has drawn attention to one businessman in particular, Datuk Tey Por Yee, who on Jan 14, resigned as executive director to “pursue his personal interest and goals”. Since his resignation, Nexgram has six directors left sitting on its board.

The rare statement by the SC sent Nexgram’s shares reeling to as low as 7.5 sen yesterday, representing an 11.76% drop.

The stock saw 34.5 million shares exchange hands. The shares closed at 8.5 sen last Friday.

Tey was also involved in the Protasco Bhd boardroom tussle, which saw him together with director Ooi Kock Aun voted out of the board at an EGM.

This came after allegations of a questionable investment in an Indonesian oil and gas company.

Meanwhile, in a related development, Nexgram shed some additional details about its plans to sell its entire 69.6% stake in Godynamic Investmentd Ltd for RM34.8mil on Jan 12.

This was in response to a query by the stock exchange.

Nexgram said while proceeds from the disposal would be used to pay for the 51% stake in Transeaways Shipping Sdn Bhd, which was announced on Jan 14, the company was “unable to quantify the exact amount” to be utilised for the planned acquisition.

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Unprecedented action by the sc? Walaw, so scary LOL LOL LOL

LOL LOL LOL... now that what i call spams and junks look like the slaves of tey siao lan and ooi ah kua tried to bury down my post that show how tey puki and ooi chee bye make the life of indonesian who invests their money in pt inovisi (tey and ooi's flagship company) miserable and screwed the indonesian blindly....

Firstly, my source came from the interview conducted by ooi kock aun and an indonesian media which part of MNC Group, one of the largest media conglomerate which ooi admitted that he is the owner of pt inovisi. My source on nexgram "perculiar disposal of it assets" also came from malaysian sc and respected newspapers. How can you compare that with a blogs wrote by anonymous? LOL LOL

Secondly, my other source came from an indonesian message board just like this one which members are ordinary small investors. You can verify what they said about inovisi by registering the sites. Can you do that with the blogs written by anonymous? LOL LOL

Thirdly, even if tpy have created dozens linkedin account it does not erase the fact that in one of his account he admitted that he is part of green pine, the controlling shareholders of inovisi. And obviously i happen to have larry's greenpine email address. Can you cross checking any of the "facts" contained in the anonymous made blogs? LOL LOL

Last but not least, I would carry around that kingdom seekers suit if i were you since Gideon Tan, the drafter of the suit has admitted that the 10million received by Tey is not a kick back but a loan for him to finalize the purchase of stakes in protasco LOL LOL LOL

Almost forgot: cut losss nowww!!!

Nexgram is doomeeedd LOL LOL

http://m.kontan.co.id/news/adrian-menebar-properti-di-banyak-negara For avoidance of doubt, this is the admission from the horses' mouth that adrian ooi kock aun is the owner of pt inovisi infracom tbk. The biggest and controlling shareholders of inovisi is pt green pine which largest shareholders are the green pine group. Here a link to larry tey por yee linkedin account which admitted that he serves as corp finance advisor of green pine group https://www.linkedin.com/in/larry-tey-5b9b047 the plot thickens LOL LOL

Because of the suspension, the investors cannot cash in their investment. See here http://idsaham.com/saham-INVS-informasi-saham-analisa-saham.html if you want to know, this is the kind of heartless s.o.b tey por yee and ooi kock aun really are.

Because of the suspension, the investors cannot cash in their investment. See here http://idsaham.com/saham-INVS-informasi-saham-analisa-saham.html if you want to know, this is the kind of heartless s.o.b tey por yee and ooi kock aun really are.

https://stockbit.com/symbol/INVS The investors of pt inovisi is in disarray. This is a fate that you can all avoided if you cut loss now.

JAKARTA - PT Bursa Efek Indonesia (BEI) melakukan penghentian sementara (suspensi) perdagangan saham PT Inovisi Infracom (INVS).

Kepala Divisi Penilaian Perusahaan Group 2 BEI Umi Kulsum mengatakan, suspensi tersebut dilakukan sehubungan dengan penelaahan Bursa atas laporan keuangan INVS.

"Untuk menghindari perdagangan yang tidak wajar atas efek perseroan, BEI memutuskan untuk melakukan suspensi perdagangan efek perusahaan (INVS dan waran INVS)," kata dia, Jumat (13/2/2015).

Dia menjelaskan bahwa suspensi tersebut dilakukan di seluruh pasar mulai sesi I perdagangan efek hari ini hingga pengumuman lebih lanjut.

Sementara itu, BEI meminta kepada pihak yang berkepentingan untuk selalu memperhatikan informasi termasuk laporan keuangan yang disampaikan INVS.

Sekadar informasi, pendapatan perseroan hingga kuartal III/2014 tercatat sebesar Rp1,42 triliun atau naik 18% dibanding tahun sebelumnya sebesar Rp1,20 triliun. Sedangkan laba komprehensif tahun berjalan anjlok 75% menjadi Rp102,40 miliar dari Rp414,72 miliar pada 2013.

-----

Just like tpy and oka's flagship company in malaysia that currently under the investigation of the sc, prior to it demise, their flagship in indonesia also being investigated by the indonesian sc and their tradint activity is suspended and has yet to be lifted as of today LOL LOL LOL

From 2014 to 2016, tpy lost his directorship at protasco, wintoni, ire-tex, nexgram and mp-corp. he should take his life by taking the short cut down from the highest level of the KLCC LOL LOL

Wipe that tear from your eyes eddy. I'm here to help you saving your money. Nexgram is doomed and you will loss your investment when it valuation dropped to zero.

Wednesday, 24 December 2014
Exec director Tey not seeking re-election at MPCorp

PETALING JAYA: Tey Por Yee, executive director of Malaysia Pacific Corp Bhd (MPCorp), will not be offering himself for re-election at the company’s forthcoming AGM.

Interestingly, Tey had just been appointed on Aug 1 and would need to seek re-election to continue on as a director on the board of MPCorp.

By not seeking re-election, Tey will be out of the boards of both MPCorp and Protasco Bhd.

Tey’s clashes with Datuk Seri Chong Ket Pen, the founder and major shareholder of Protasco, have been well-documented in public domain.

Protasco had earlier accused Tey and another director – Ooi Kock Aun – of breaching their fiduciary and statutory duties, including the duty to disclose their interest in the PT Anglo Slavic Utama transaction, conspiracy to defraud Protasco and the making of secret profits.

Recently, on Nov 28, Tey was removed as non-executive director of Protasco after 95.66% of the company’s shareholders voted for the resolution to remove him from the company.

Tey, however, still owns a significant 17.16% stake in Protasco, according to Bloomberg data.

He is also still a director at other listed companies, including Nexgram Holdings Bhd, Ire-Tex Corp Bhd and Wintoni Group Bhd.

The move by Tey will lead to a directorship vacuum at the beleaguered MPCorp, which was classified as a Practice Note 17 company on Dec 1.

MPCorp had received a voluntary resignation notice from its auditor BDO on Dec 8 with the intention of not seeking a reappointment at the coming AGM.

This happened after BDO did not express an audit opinion, as it was not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.

Pursuant to this, MPCorp had also delayed in submitting its audited financial statements for the year ended June 30, 2014.

The company had also in October been served with a notice of default by AmanahRaya Development Sdn Bhd for failing to settle its outstanding amount payable of RM115mil to the latter.

----------

So, tpy got ousted from protasco, wintoni, ire-tex, nexgram and mp corp. LOL LOL LOL

Monday, 18 January 2016 | MYT 11:18 PM
Nexgram in the dark on various aspects of its proposed share sales.


KUALA LUMPUR: Nexgram Holdings Bhd, replying to a Bursa Malaysia Securities’ query on the proposed disposal of its 69.6% stake in Godynamic Investments Ltd (GIL) to Vast Wealth Management Corp for RM34.8mil, said it does not know who are Vast Wealth’s shareholders.

The company said it also currently did not know how the disposal of its stake in the mobile application service provider would affect the group’s earnings per share, net assets per share and gearing.

Nor does it know the expected gains or losses to the group arising from this proposed sale, which was announced last week.

Nexgram said it would submit details on various questions asked by Bursa Securities “in due course once the information is available.”

On Jan 12, Nexgram announced the disposal of the entire stake in GIL, which owns 84% in Indonesia-based mobile application service/mobile security operations.

In the notice, the company said the GIL group had been making losses for the financial years 2012 to 2014. In the 2015 financial year it made an after-tax profit of RM3.5mil, but Nexgram said this was mainly due to the implementation of a cost-cutting strategy which it is not expected to benefit from anymore due to the tougher business environment.

“The proposed disposal will enable Nexgram to focus on other existing profitable business segments, e.g. property and trading of surveillance equipment,” it said.

Nexgram, via unit Nextnation Network Sdn Bhd, had boosted its stake in GIL from 51% to 69.6% less than a year ago (in April 2015).

It paid RM18.53mil for the additional 18.6% stake. Based on this purchase price, the entire 69.6% stake was valued at RM69.3mil at the time of purchase.

On Friday last week the SC expressed reservations on Nexgram’s takeover of Ire-Tex Corp Bhd - another company linked to Datuk Tey Por Yee - following an ongoing probe into the sale of Nexgram’s subsidiaries, including GIL.

Nexgram shares fell 1 sen to close at 7.5 sen on Monday, with 34.499 million shares changing hands.

-----

Joke of the year, nexgram claimed it have no information on the shareholders of one of it subsidiary LOL LOL LOL....

Actually no, by applying quantum physics principles to the market, george soros is able to predict the market fluctuation. This is his secret to singlehandedly almost broke the britain. And also how i could make my forcast that nexgram is heading to zero valuation. Ignore me on your own risk.

You know what, tpy and oka buy back nexgram's shares from the investors is not a bad idea. Hope it will happen.

Wow, now augustone cheong got out of his rabbit hole. If we can have jan tangkilisan, jason minos, lim chye guan, on yong chieh, kong chin lam, dedi francis, adolf lim, sky lai, qimie, felix nah, rudy lim, boyke siahaan, and azmy alqamar, then we will have the whole gang LOL LOL LOL

No dad, it me, your daughter tey chee bye. I'm with my brother tey lan jiao and his friend ooi chee pek LOL LOL LOL

I'm no chongs nor am I affliated with them.

But if I'm chong then you must be tey and ooi. So ooi, how is your indon maid cum mistress? LOL LOL LOL...

1. But larry tey is guilty. A court judgment is merely a formality.

2. If they could settle there would be a settlement already. So, no settlement unless hell freezes over.

To sum up: cut loss of nexgram and stay away from it.

Nah, nexgram is doomed. Only God could save it. Heading to zero valuation. Woooohhhhooo...

You couldn't be more wrong.

First, the controlling shareholders of nexgram are tpy and oka.

Second, the new ceo is merely a proxy for tpy and oka.

Third, nexgram has been used by tpy and oka in their scheme to defraud their victims.

LOL another fiction that sourced from free hosting blog site written by anonymous LOL LOL LOL

What a turd LOL

And it appears the court will be asked to fine or jail the guilty parties.

Nov
19
Mr Tey Por Yee – white knight or thief
TeyPorYee

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