it is expected to continue to be below 0.20 by the end of this year if not lower....

Pathetically yes...

The composition of BOD is fully determined by one individual with the slogan " you help me and I help you". The voice of BOD is fully subjugated by one individual. Basically, the BOD are all puppets of one individual. No transparency in Corporate Governance , no freedom of expression for the best interest of shareholders , no opposition to the resolution of one individual. The company is destined to be doomed.

Its futile as the latest appointment is said to be
another case of nepotism.Basically,the composition of BOD is under control and seize by one individual in disguise.

Investors are looking for only 2 things ie capital gain through appreciation of share price and dividends be it small or big. The Mgt has chosen not to pay but retain for re-investment in USA for further growth leading to higher capital gain . However , if the share price remains stagnant if not worse than before following the re-investment ,his head would be chopped....

His purpose in purchase of new private jet and in construction of factory in USA is to exhaust the cash resources to the maximum and to avoid payment of big dividend to the shareholders. Her daughter was against the idea of replacing the " still " new private jet while Datin was against his abuse of authority in the BOD by calling for more transparency in the Corporate Governance.

US will always support local produce. Medical products are subject to stringent compliances and requirement. Hence it eliminates the possibility of detention and /or boycott if shipment is done from Malaysia. It is a strategical move to produce directly from USA and sell locally and even export to other regional countries like Canada and so on. Gloves business is not high tec business and its growth is rather constrained and saturated given the stiff competition in USA.

The balance of " Ying " and Yang " is very important. Apparently, the MIB ( Man In Black ) has lost his balance and gone " hay wire" to the anger of his family members. It is believed that other shareholders are beginning to lose faith in him. The company is expected to be doomed sooner than you and me could imagine.

When the trust and harmony has been shattered in the union of family business , it is destined to be doomed....

What do you think? Do you think it drops due to loss making ? Have you checked what has contributed to loss making? Could it be due to excessively high administrative expenses or operational expenses ? could it be due to the high maintenance costs for the private jet ? Nevertheless ,it is believed that some expenses are controllable and avoidable.

The share price continues to be doomed if " Authoritarianism" in the Management " is palpable as it appears to be .......

The purpose of the purchase of private jet is to exhaust the cash resources to the maximum before it is running out . Another agenda is to avoid paying " Big " dividend to the shareholders who are all "hungry " for the enormous cash reserves.

Nope, that director, be it sitting in the BOD or not , has the right to speak to improve the Corporate Governance which is apparently deteriorating . No director including the MD can subjugate/ deter other directors from speaking and/or proposing any thing conducive to the Company. " Authoritarianism" in the Management should not be condoned and should be condemned

It is noticed that the company is in desperate move to support its share price and avert a disastrous plummeting to penny stock. Given the current situation surrounding the company , its future is bleak and doomed

Jaks is on the verge of breaking through 0.18 , I am afraid .

What are you hoping for ? it is believed that many believe Jaks is to be traded 3 or 4 times higher than 018 . With that belief of 3 or 4 times returns, many are still averaging and keep averaging like nobody business. If you believe you can fly, do you really believe you can fly ? It is a "dead meat belief" if not suiciding....

What is proven can not be unproven. The truth is that it has eventually happened.... whether it is by chance or by default is not important. The reality is important.

It seems that the company is supporting hard for its own shares by blocking at 0.18. It is expected to be unsustainable very soon....

No use to show all these mega projects with tons and tons of earnings for which Jaks cant even afford to pay a single cent of cash dividend to reward its shareholders. Instead of paying cash dividends to shareholders , Jaks has resorted to DRP as a gimmick to shareholders. Basically, shareholders are forced by the company to buy more shares out of their own dividends.

No use to talk about all these mega projects with tons and tons of earnings for which Jaks cant even afford to pay a single cent of cash dividend to reward its shareholders. Instead of paying cash dividends to shareholders , Jaks has resorted to DRP as a gimmick to shareholders. Basically, shareholders are forced by the company to buy more shares out of their own dividends.

No use to talk about all these mage projects with tons of tons of earning for which Jaks cant even afford to pay a single cent of cash dividend to reward its shareholders. Instead of paying cash dividends, Jaks has resorted to DRP as a gimmick to shareholders.

No use to talk about all these mage projects with tons of tons of earning for which Jaks cant even afford to pay a single cent of cash dividend to reward its shareholders. so pathetic???

No debate but public awareness cos someone out there is still delusional of the highest order perhaps due to his /her egoism.

Under DRP ,more shares are expected to be issued. EPS is expected to be lower . MV of the shares is expected to be depressed. However , the Gearing of the company should be " lower in disguise " due to its enormous number of shares . Can the company turn to external borrowing/funds due to its " lower gearing in disguise" ? The answer is NO given the pathetic situations now . The external funders are unlikely to lend..

The proposed DRP ( Dividend Reinvestment Plan ) is another gimmick of denial of cash dividend payment whereby instead of receiving cash dividend payments, shareholders are required to buy " additional shares" with dividend payments( DRP) . No physical cash outflows under DRP due to the fact that the company is stricken with cash. Basically the company is unable to pay cash dividend but to resort to DRP as a desperate move,which sends a negative signal to the Market.

As a result of DRP, more issues are expected to be issued causing EPS to be lower , which would descent the share price further. More capital losses are expected for the shareholders

The dividend paid from Vietnam Power Plant to Jaks ( as JV partner) is merely share of profit in the agreed JV . Whether Jaks will re-distribute to its shareholders is another story. Do you really believe that Jaks would reward its shareholders with the dividend payment ? Jaks is unlikely to do so ,not in a million years. The Management would rather use it for their " own agenda ".

When ton of cash was available in the past , dividend was not paid on "agenda". Now the company is stricken with cashflows, dividend payment is totally out of question. The company can consider " bonus issue" but such would exacerbate the shares price to the extent of becoming a " penny stock "

The company has been very mean to shareholders as evident from its "zero dividend yield" from day 1. The excuse of ploughing the retained earnings for re-investment for future growth to enhance the wealth of shareholders through the appreciation of share price is just a gimmick and disguise.

Look at the current pathetic share price at which most investors are suffering from huge capital losses. It is believed that the company has been marked as " untouchable" and ditched by investors.

Competency score 1 to 6 where 1 means the candidate did not demonstrate the competency at all, and 6 means the candidate exceeded the expectations.

you see they are hurling slanderous remarks at forumnists..They are behaving like Masochists

The cheapest has yet to come. Basically, it is not a matter of cheapness but worthlessness....

It is pathetic to see someone still as blind as bats to keep hyping on the hopeless company without constructive perspectives but resorting to hurling personal slanderous remarks at other forumnists here.

As said earlier on that the share price was expected to go below 20c by the end of this year if not even faster, it appears to be true with hindsight now. Given the dampening situation surrounding the company, it is expected to stay below 20c if not even lower to become a penny stock very soon.. sooner than expected

This " Lee " is said to have more than 15 years international business experience and has been actively involved in business development/marketing, quality control and cost management . He is said to to be involved in project management in and is responsible for the management, business development, cost control, and growth of Malaysian companies such as UF Engineers Sdn Bhd, a Company involved in major public utilities infrastructure such as highways, Onika Quarry Sdn Bhd , a Company operating quarries in Tawau and Semporna and Leeka Holdings Sdn.

He is a local guy in Tawau where FC is need of him to keep an eye on the gold mining business there. Whether you like him or not as a new substantial shareholder is subjective. It remains to be seen how he could turn it around.

It remains to be seen if the dust has finally settled down or not in the Board room. If the Board room is peaceful, every thing prospers otherwise every thing is a stumbling block to investors .

Recently, it is learnt that " some proxy " has challenged the legality of gold mining in Tawau and the said news has made headlines in the local press. The heat is still on where their agenda is to undermine the operation and to rock the Board fast and furious.

The good , the bad and the ugly are still in loggerhead with litigations in the wild wild west. The good is FC, the bad is LVC and the ugly is LVM or the other way around?

Lee is said to be directly and or indirectly connected to Liongold incorporation.His association with Bahvest is timely which is seen as a boost to the return of the investors confidence.

It seems to respond in contrast to the movement of Gold price. As at this hour, the Gold price is up...

It is expected to spike as more fleets are said to be on the agenda.Stony is over the moon now and planning for massive expansion.

Now everyone can forget about PN17. Stony is breaking free....

2moro never dies

Thats why I say " merely speculation" despite gold price down...

No fundamentals ,no sustainability but pure speculation due to gold price hike. No big deal

Gold Mining license is said to have expired. The authority is questioning why gold mining operation is carried out.

The com is expected to be fined heavily and licence revoked

Personal verbal abuse is prevalent openly and maliciously in this forum now...

You will be expected to be barred soon.

the surge is unstainable and illusionary to lure you into the trap of false hope.

Appeal, Appeal,and Appeal for upliftment..Stony got nothing to lose.If unsuccessful, he still has time to submit RP by Jan 24..No big deal...

Now everyone can guess what the SC would do following the appeal.

Guessing game starts as from now....

Salute is not sustainable as said. They have been embroiled with the legal case for too long. They reckon they could win but they are prepared for the worst any moment from now . In the worst scenario, they will stand to become a penny stock. In the best scenario, it will continue to cheer....

On 26/10/23, they knew the postponement but it was made known publicly only on 31/10/23 . The delay of 4 days was more than enough for them to motivate shares movements to their upper hands at the expense of the daredevils chasing for the " false hope "

make it affordable

What should be done is to make the EV very cheap to buy . People start to buy EV and start to dump " fuel ". No need for the Government to grant subsidy for Fuel.