the new Board are all new and inexperienced to this business. the key management staff have resigned. there are no new projects in the company.
its like a takeover of an empty shell.

Based on my understanding and results taken from Mar 2017, the paid up is 75.8m and the equity is 62.3m. This works out to be 82%, which is still a long way to go before it reaches 25%. But there could be a new standard which increases this percentage to 50%.

lets wait to see the June results which will be out soon

ya roy, a friend is working there. got some insights on current situation. doesn't look good, bet its going down further. Last time thought 7 sen already hit rock bottom, now its unimaginable...4.5 sen...
7 sen was the ESOS price some more. In short, not safe la. Pity those who subscribed.

don't feel comfortable somehow. Still got a dozen lots of shares in here. think something fishy is going on inside. the current Board are all new, so means there has been a change of ownership in major shareholders. How come when the new Board took over, the share price keep tumbling?

somemore they say want to do share consolidation and rights issue. until now also no news. never liked the silence.

now teruk la, if can get out at 5 sen also i considered very lucky. jangan jangan counter go into PN17 worse, money stuck for good.....

Heard that many key people in the company are leaving too, and its dominance as a market leader in engineering is fading away. People say the company has no direction now, and with the current leadership, this counter may go down very soon into nothingness. Unless a white knight is brought in to save it, which doesn't seem to be the case right now. Very Risky counter at the moment.

PN17 may soon be measured based on shareholders equity being less than 50% of paid up vs the norm 25%

These new Board members are crooks. Doing all those corporate exercises. See announcement dated 15 June 2017. They've done such similar exercises in companies like MNC Wireless, Sanichi, etc. Plan to suck shareholders money and benefit from their shady dealings. And obviously if you're not one of them, they'll remove whoever who stands in their way.

There is nothing wrong with the audited accounts. It has been audited and signed off by the accounting firm, SBY.