it is also quite a clear cut case that taking other people's money for performing a service,
and then failing to perform the service

and then claiming to be insolvent
and unable to refund is just outright 100% fraud

were you insolvent when you took the money?

but as usual Malaysia is special and different.
Normal fraudulent transactions does not apply when you drive a Tesla.

yes
you are right

Under certain circumstances, directors may be liable for debts incurred by the company when the company is unable to pay those debts, as and when they fall due (the company is insolvent). This is because one of the fundamental duties of a director of any company is to ensure that the company does not trade while it is insolvent



Posted by EVO118 > Nov 27, 2021 11:21 PM | Report Abuse

Also , I think there is a case for CBT to be file against all the Directors. First of all, the customer's money does not belong to you, you never delivered anything in return for their payment. This mean the money should have been held in trust and not be used to pay off your creditors. Secondly, if like Benyamin Ismail say "the company cannot afford refunds as it does not have enough cash flow", then why are they still allowed to operate. If a Director allows an insolvent company to continue then they are personally liable. Maybe there is some smart legal firm out there who might see the opportunity to organise a class action against all the Directors on behalf of all customers who have prepaid. According to Gunasegaram there is $500million of advance payments. I think there should be enough cut out of this to pay the lawyers. All the lawyers need is for all advanced payment customers to come to them to take this action. Better than $5 out of $1000.

yes
you are right

Under certain circumstances, directors may be liable for debts incurred by the company when the company is unable to pay those debts, as and when they fall due (the company is insolvent). This is because one of the fundamental duties of a director of any company is to ensure that the company does not trade while it is insolvent


Posted by EVO118 > Nov 27, 2021 11:21 PM | Report Abuse

Also , I think there is a case for CBT to be file against all the Directors. First of all, the customer's money does not belong to you, you never delivered anything in return for their payment. This mean the money should have been held in trust and not be used to pay off your creditors. Secondly, if like Benyamin Ismail say "the company cannot afford refunds as it does not have enough cash flow", then why are they still allowed to operate. If a Director allows an insolvent company to continue then they are personally liable. Maybe there is some smart legal firm out there who might see the opportunity to organise a class action against all the Directors on behalf of all customers who have prepaid. According to Gunasegaram there is $500million of advance payments. I think there should be enough cut out of this to pay the lawyers. All the lawyers need is for all advanced payment customers to come to them to take this action. Better than $5 out of $1000.

its a 5 seconds quickie

dropping very very soon

haha sslee

I believe your gay BFF lost money and filth is spewing from his mouth.

kakakakaka

https://www.theedgemarkets.com/article/epf-ceases-be-substantial-shareholder-inari-amertron

Happy Days are here again

haha sslee

no need to look far

just look at SIA
in Singapore, rapists are punished

in Malaysia, they force the girls to marry those rapists

haha sslee

thats why rapists always claim those women enjoyed the rape
and they were very lucky to be raped




Posted by Sslee > Nov 27, 2021 9:32 AM | Report Abuse

Haha i3lurker,
What happen in AAX is precursor to what will happen to AA but still got people feel they are lucky in AA and praise TF and IBs.

Posted by rulethemarket > Nov 24, 2021 12:24 PM | Report Abuse
Smart move by TF and IBs to separate AA and AAX, i pity AAX shareholders! lucky us here!

so we will not be drinking Dettol like Trump says?


Posted by Tobby > Nov 27, 2021 9:30 AM | Report Abuse

Chill, i am not an expert but i tell you, few weeks from now they will tell us that booster shot are effective enough just like delta variant!

no worries

covid will be with us for more than 20 years

we will have

RCUIDS - alpha

RCUIDS - beta

RCUIDS - gamma

RCUIDS - lambda

RCUIDS - nu

RCUIDS - omicron

RCUIDS - omega

RCUIDS - theta

RCUIDS - zeta

RCUIDS - eta

RCUIDS - epsilon

RCUIDS - kappa

RCUIDS - tau

RCUIDS - sigma

RCUIDS - chi

RCUIDS - roh

RCUIDS - Phi

and so on and so forth and then repeat

RCUIDS - alpha1

until RCUIDS - alpha999



and no worries

every year Rakyat will donate RM500 million free loan to Air Asia

so can buy Air Asia with confidence just like sslee

Post removed.Why?

My personal actual experience based on actual real world data => more than 99% of the people in this world actually want to be poor.

only less than 1% of the people want to be rich.

This statistic is reflected on ownership of Global Assets.

read the comments of forumers in Air Asia and you will actually know that what I am saying is correct.

next week OPEC will stop its programmed oil production increase

AAX is very grisly now, nothing is left.
AAX is just like chopped off 2 hands, 4 legs, a nose, 2 eyes, 2 ears, penis and 2 balls, whole tongue, 10 ribs, 75% of stomach, 90% of intestines, half of pancreas, 90% of liver, complete spleen removal, gall bladder and also lobotomize the brain.

you wanna buy this type of company?

even if AAX plane tickets given to me free, I dare not fly.

I rather pay Emirates or SIA RM10,000 per ticket also never mind

Post removed.Why?

fantastic news

no one knows anything about the new covid variant from South Afrika

in any case scientists are giving the new variant superpowers even better than Black Widow, Hulk and some say GI Joe

even Japan hurriedly entered lockdown Friday

well its gonna be like that until end of year and some say after that too.

buy what drop what

who buy who die

of course that must be sumatec or enron

Sslee Hahahaha,
Proven Mike has nothing to offer, except his own confusion and misinformation.
For god sake Mike can you please share with us your insider information the next stock your "gangs" eying for pump and dump.
26/11/2021 8:29 AM

Post removed.Why?

Once you have negative equity the ranking of RCUIDS is not important coz there are zero assets to be claimed.

In fact you rank first to claim the losses

Bondholders have first claim over unsecured assets fixed and floating.

Any money left after secured creditors goes to bondholders.

Even the RCUIDS will drop in price just like Serba bonds drop to 30 cents USD

may not look like it, Vietnam is gone too coz local Vietnam low cost airline there is just too strong for AA.

Thailand FU ceo is screaming in pain fear and agony publicly on media.

Today, the Bangkok Post reports that Thai AirAsia has announced mass redundancies and extended furlough arrangements for many of its staff.

“It’s hurtful to take such a decision, but it’s based on reality which we cannot answer as to when the situation will improve. We have to wait until revenue from international routes comes back and that will depend on the entry regulations of Thailand and overseas destinations

https://thethaiger.com/news/business/mass-lay-offs-at-thai-airasia-as-aviation-sector-continues-to-struggle

you must be like Zuliana doing pasar malam shopping, must squeeze them Toneeee balls to check whether fresh or not.


warrenchok90 I also regret last time invested in by feeling
26/11/2021 10:23 AM

the Air Asia killer is actually China shutdown for more than 1 year plus plus and maybe plus some more until end 2024, no in no out.

btw the other collateral damage is Genting and Forest City

people go bungee jumping coz its fun when the rope breaks and your brains are scattered to become avian sashimi on the rocks.

happens often enough too.
btw its not covered by insurance also.

:)

Post removed.Why?

Yes that is the correct solution.

AAX should be allowed to die with dignity.

Dun become a doctor that chops off 2 hands, 4 legs, a nose, 2 eyes, 2 ears, penis and 2 balls, whole tongue, 10 ribs, 75% of stomach, 90% of intestines, half of pancreas, 90% of liver, complete spleen removal, gall bladder and also lobotomize the brain.

AAX is very grisly now, nothing is left.
AAX is just like chopped off 2 hands, 4 legs, a nose, 2 eyes, 2 ears, penis and 2 balls, whole tongue, 10 ribs, 75% of stomach, 90% of intestines, half of pancreas, 90% of liver, complete spleen removal, gall bladder and also lobotomize the brain.

Travelers are advised to buy tickets of any other airlines....
=> that does not have chopped off 2 hands, 4 legs, a nose, 2 eyes, 2 ears, penis and 2 balls, whole tongue, 10 ribs, 75% of stomach, 90% of intestines, half of pancreas, 90% of liver, complete spleen removal, gall bladder and also lobotomize the brain.



Posted by EVO118 > Nov 26, 2021 7:59 AM | Report Abuse

With AAX gone there will always be another airline willing to come forward and fill the business void created by AAX. That is the real life business world. I am not there to fund your operations. I hope the day will come for someone to write a book of the "Rise and fall of Tony Fernandes".

some foreign US and European experts are saying that China might be closed for 1 more year plus plus plus

no need to draw intestines lah

btw other collateral damage also include Air Asia

money no problem
for China its always bullet inside brain lah

you dun know meh?
then CPC will send the invoice for 1 bullet to the deceased family to pay.
Refuse to pay whole family will go for re-education



Posted by josephn > Nov 26, 2021 12:12 AM | Report Abuse

Malaysia bursa consider very merciful compare to China, should fine everyday Rm 1 mil for all independent directors until they come out SIR and Annual report. One day delay = 1 mil penalty. No wonder ceo and chief ind directors run away for good already

OMG!!!!


OMG!!!!


..............
Our last call is Neutral with a target price of RM0.31 based on a 0.3x multiple to its FY21 book value of RM1.05. Earnings estimates should no longer be relied on as basis of investment decisions.

Source: PublicInvest Research - 25 Nov 2021
..............

Forget all those goobleddy gook before this para



=> 0.3 X book value <=> means Forced Sale Liquidation value

=> Earnings estimates should no longer be relied on

This looks like goobleddy speak for fake earnings to me?
=> Serba will sue PublicInvest Research?


remember KPMG says its audit report on 1MDB cannot be relied on?
sounds familiar?

OMG!!!

OMG!!!

this is coming from PublicInvest Research !!!!!!

Post removed.Why?

Yeah
I am bearish too
some might claim I am bearish extremist or extremist bearish from my postings

conclusion => I just do not like the idea of 50% X 50% => 25% revenues



anyhow buy or sell, that is your human right and choose wisely.





Posted by risingstar21 > Nov 25, 2021 10:54 PM | Report Abuse

Better follow Kenanga which ask us to sell

The price has become worst

forget about all this theoretical whatchamacallits

=> in share markets its all demand and supply

many times I had seen OR + subscription = way higher than what mother is trading at.
means technically you buy OR at a loss sometimes huge losses

but

magically after the exercise period mother shares climb very rapidly and end result is HUGE PROFITS

go figure.

was it scomi or was it scomies recently like that? very confusing

Theoretical Nil Paid Price

This value is calculated by determining the difference between the subscription price the investor paid and the theoretical ex-right price.

ie

the subscription price is 75
for ex-rights today we have 91.125

91.125 - 75 = 16.125

Assumptions

the current price of a stock is 96.5,
the exercise price is 75
and 1 rights are required to purchase 1 share.

.........................

(A) The theoretical value of the right is:

(Stock Price - Rights subscription price per share) / (Number of rights required to buy one share + 1)

(96.5 - 75) / (1 + 1) = 10.75 or RM0.1075

so the theoretical OR price = > 10.75 sen

............................

(B) Value during the exercise of rights period is:

(Stock price - Right subscription price) / Number of rights needed to buy a share.

(96.5 - 75) / (1) = 21.5 or RM0.21.5

Value of Right = 21.5 sen

======================================

The theoretical value of the right
(Stock Price - Rights subscription price per share) / (Number of rights required to buy one share + 1)

vs

value during the exercise of rights period is:
(Stock price - Right subscription price) / Number of rights needed to buy a share.

one has a plus 1
and
1 does not have a plus 1


and sslee been wanting to know this
and so far I refused to tell sslee coz Bursa is a Gambling Casino.

anyway I managed to program sslee to buy OR at RM0.005 per OR
or he programmed himself? its very confusing.

=> no one will follow the theoretical price right?

just buy or sell or whatever that your gambling instinct tells you to.




Posted by Alice7591 > Nov 25, 2021 9:49 PM | Report Abuse

I3lurker, how to calculate the LR?

Post removed.Why?

(for non-groupies only)

if you read carefully above
Macau Scammers are STILL claiming that Tonee will kill all covid that enters cabin
so that he can double the seats per plane....
hmm some passengers must be tied up on top of the wings then

=> we already know from social distancing that capacity is reduced to 50%,
if you dun know then no one can help you, balik kampung and eat yam...

=> we already know that 50% of routes will be active.

=> 50% X 50% => 25 % of revenues

Macau Scammers claiming => 2 X seats crammed inside 200% X 200% of routes => 400% revenues

This had been repeated by umpteen times already by Macau Scammers
Macau Scammers clearly believe that a silly lie 2 X seats capacity (with tying up some passengers on plane wings) repeated often many will believe.

Its just like those India trains where people stand on top of train roofs
so Macau Scammers want you to believe that you can stand on top of Air Asia planes


(For Groupies please speak to your personal Macau Scammer in Telegram)

haha the 182 days rule is the first thing we learn as accountants

and its not that simple.

The individual has been resident in Malaysia for 182 days of the tax year;
The individual has been resident in Malaysia for less than 182 days of the tax year, but was resident in the country for a total of 182 consecutive days linked to days from the year immediately preceding or following that tax year;
The individual has been resident in Malaysia for at least 90 days of the current tax year and was resident in Malaysia for at least 90 days in three of the four preceding years or;
The individual will be resident in Malaysia in the year following and has been resident in Malaysia in the three years preceding the one being taxed.

personally I think they purposely make it complicated so that accountants like us can make more money




Posted by Sslee > Nov 25, 2021 7:49 PM | Report Abuse

Haha lucky me, I am non tax resident of Malaysia.
You are non-resident under Malaysian tax law if you stay less than 182 days in Malaysia in a year, regardless of your citizenship or nationality

(for non-groupies only)

FAQ
in Bursa, cash burn does not apply,
the negative RM5.9 Billion (classified as PN17) must be made positive otherwise company delisted



Question
Why do people talk about cash burn then?

Answer
Have you heard of smokescreen?

just like you ask seller, are the apples good?.
Seller answers with........................................... the oranges are fantastic and sweet.



(For Groupies please speak to your personal Macau Scammer in Telegram)

(for non-groupies only)

SUMMARY

in Bursa, cash burn does not apply,
the negative RM5.9 Billion must be made positive otherwise company delisted

to avoid delisting must do a Creditors Scheme via Court Order
All Share Units ----> becomes Zero

Rakyat punya RM500 million?
Air Asia will offer RM1.00 as full and final settlement deemed fully paid for payment of RM500 million.
Banks no worries just claim RM500 million from Government of Malaysia, less RM1.00, of course!
Government of Malaysia, no worries, just claim RM1 Trillion from raising taxes of multi Triliionaire psai3alert and all his wives, quasi wives, part-time wives and hordes of full and part-time children and related and unrelated relatives


(For Groupies please speak to your personal Macau Scammer in Telegram)

Post removed.Why?

(for non-groupies only)

if you have totally no idea what you are buying => its very dangerous

in Bursa, cash burn does not apply,
the negative RM5.9 Billion must be made positive otherwise company delisted
and then liquidated and you can bid during auction for Tonee's table

dun be silly read Reuters, Financial Times, Wall Street Journal, Macau Scammer in Telegram many people talk cash burn so you wanna talk cash burn also

ass_u_me cash burn is RM1 million per month

since Rakyat donated RM500 million to Air Asia, technically 500/1 => 500 months before run out of money


cash burn 500 months

Bursa delisted in 12 months

Liquidation in X months


so you wanna buy Air Asia?

are you fooking mad?





(For Groupies please speak to your personal Macau Scammer in Telegram)

Tesla already lost
(look at Boss selling shares you know already)

China home branded EV exceeded 1,000 km per charge using latest technology (not increasing no. of batteries)

This is getting very very serious.

Totally not surprised if Tesla reports huge gigantic losses in 2 to 5 years time.

This is even better than "Dallas" or "NCIS" or "CSI"

voted best reality series in KL, Chow Kit and some say Shah Alam

Post removed.Why?

haha sslee
You are trying to prove to mike you are not a virgin? from 2018 to April 2020?


Posted by Sslee > Nov 24, 2021 6:23 PM | Report Abuse

Mike check below forum when I start to post my comment.
https://klse.i3investor.com/servlets/stk/5155.jsp

Posted by Mikeycc > Nov 24, 2021 5:28 PM | Report Abuse

Haha ssslleee from 2018 to April 2020 .. no posting in i3 ?? hahaha

I will propose to Serba to appeal OS all the way to Federal Court to prevent SIR from being released to general public....

Hopefully will take more than 10 years

Cheers!!

Bottoms Up!!!





Posted by bojed > Nov 24, 2021 2:04 PM | Report Abuse

All this nonsense can be avoided had SD announce the findings of the SIR in the first place.

water is not a growth business until maybe about 1,000,000 years later

just like construction business high risk for accounting fraud until Jesus comes

Post removed.Why?

This is called an Interpretation Error

mike was only referring to this

https://unysen.com/products/vacuum-erection-device-ved-system-battery-operated

when he said pump and dump

there is no mca, mic
eee leck






Posted by Sslee > Nov 24, 2021 1:52 PM | Report Abuse

Haha if you what to know pump and dump then you can ask Mike, he has MCA and MIC gang insider information which stock his gangs want to pump.

But remember to sell when Mike start to promote heavily using his TA trend reading on what day T+X the volume is roll over and etc etc.