Retailers are generally emotional and passive while non-retailers are sensible and active.......

It is reported that EC Liaw disposed of 1.9m shares of APB between 17/9 to 18/9 at the average price of RM 0.63 out of panic........... At one point, the share price hit the day lowest of RM 0.55. It is believed that the cheapest has yet to come for APB.

EC = Executive Chairman who is Liaw Way Gian.

It is not a matter of winning or defeating. It is a matter of " public awareness of the possible implications ahead " following the post-mortem of their representations and circumstances surrounding the Company. No need to go to the cave, all you need to do is to make yourself retxrded , blinded and deafened ,living in your own cocoon in your own fantasy.

The so called deposits are said to be held by the co's lawyers as stakeholders .Do you really believe what EC Liaw said ?

No sabotage but demand for explanation with the view to restoration. Their ignorance and arrogance are detrimental to the interest of investors/shareholders

Honestly speaking , this EC Liaw of Gtronic only knows how to waffle the issue and never comes to the point as to why the incumbent auditors have resigned. It is believed that he got something to hide with hidden agenda. He keeps blaming the investors/shareholders on labelling Gt to Serba D ( SD).Until he clears the air, the company will continue to be haunted , I am afraid.

On the other hand, What is Mr,Ku doing as a ED of Gt ? He is a trained professional accountant, he should have known better of the implications if they are not in tune with the objective view of the incumbent auditors. Is he up to no good as well ?? What are the rest of BOD doing ? Are they in hibernation or what ? No wonder the integrity of BOD and their competency are grossly in question.

Going back to the cave is tantamount to burying your head inside underneath the ground like the " ostrich" as if nothing was happening just because you pretend not to know/see it . That is self -deceiving. Are you self-deceiving??

if you dont like to listen to ABBA songs, then you may listen to songs sung by " backstreet boys ". Some call them " Backside boys"... Not sure why ??

Observation is very important in life of all types, be it professional life or social life and otherwise.

Observation sparks questions, drives experimentation, and fuels the pursuit of knowledge. Enhancing Personal Awareness whereby the practice of self-observation is a gateway to heightened personal awareness. By observing our thoughts, emotions, and behaviours without judgment, we embark on a journey of self-discovery.

Do you listen to ABBA Songs ?? Apparently , the song called " the winner takes it all " is very pleasant listening. The winner takes it all and the loser stands small. I bet you want to be a winner after listening to this song.

cos I cant be bothered

Dont waste your time and energy on the logistic companies.....

Apparently, SYGroup appears to be self-supporting its own shares by buying back to treasury. It can be interpreted that there is no demand for their shares. To my observation, investors are generally not particularly keen on investing in logistics company. You may refer to previous dying " Complete Logistics Services Berhad " which was later changed hand at a bargain to be renamed as " Hextar Technologies Solutions Berhad" . Basically, it is a back door listing for the new owner.

CFO comes and goes like a yoyo.. who are the auditors of SYGroup ?

He can not foresee , thats his problem, not my problem. I dont have any problem so I can continue to comment....

It is a matter of time when the "fresh apple" turns into "rotten apple" to be discarded

The foresight depends on the hindsight . With hindsight, you can foresee the implications. For instance , before the tsunami strikes ,there are signs to be shown ( with hindsight). With hindsight , you can foresee the likely possible subsequent events, be it good or bad ( foresight) , Of course , without knowledge of the signs , you are unable to discern even there are hindsight in front of your very own eyes.

Your being unable to foresee with hindsight is your own problem ,not my problem but i have four words for you " open up your mind "

Reading the financial report is one thing, discerning from the circumstances surrounding the Company in the interim is another thing. For instance, you know the very fact that the incumbent auditors have resigned ( with hindsight) but you fail to foresee the subsequent negative implications that are emerging to the detriment of the investors' interest ( with foresight )

Phamaniaga is hopeless and not worth my while to comment .If not supported by Government , they would have been delisted sooner than expected.

Loss, be it paper loss or otherwise , from the prudent view of the auditors, provision for impairment must be done so that the fair view of BS is duly reflected in the financial reports through which the investors are well informed.

In order not to face the expected bombardment from the shareholders/investors in the upcoming AGM of APB , the gangs are trying hard to push the share price of GT as high as possible before the AGM of APB to be held soon but it is believed that the manoeuvre is of no avail as the cruz of the issue in Gt has yet to be addressed to...

The readers are more than capable of judging if I am taking sense or not . They are discerning enough to figure out what is truth or otherwise....

Loss is loss, there is no such thing as to which loss is better . Basically , it is all collective losses...

As evident in the recent announcement , EC Liaw has disposed his shares in APB for fear of further plummet. He has lost confidence in the APB himself as evident.

The truth/fact is out there for you to see but not to look .

You are living inside the box but there are many who dont... How to zipup ?

I suggest you to open up your mind and to see but not just to look and to listen but not just to hear........

Both APB and GT are not mutually exclusion. The drop in one will have significant effect on the others as the directorship is said to be in the same gangs......

The EC Liaw keeps saying the Gtronic is different from Serba D ( SD). In the case of SD, their auditors ,KPGM had highlighted that the majority of receivables was uncollectable/ irrecoverable and the B/S value was materially overstated by 70-80% as a result of which impairment was inevitable in the financial report . However, the Mgt of SD were in disagreement with their auditors and adamant that all the questionable receivables were recoverable and was in loggerhead with their auditors. In the end , their auditors were right and SD paid for a very very price with no chance of recovery.

likewise, it is believed that in the case of Gtronic, it is the same as SD whereby the alleged missing cash of 60m was reclassified as deposits under other receivables is found to the suspicious to be recoverable. It is believed that their auditors have highlighted it but the Mgt of Gtronic has chosen to be ignorant of it and tell the world that business is as usual. Thats why I said , EC Liaw is insulting the intelligence of all the investors as if they were all fools.

Do you really think the shareholders of APB would approve the increase in stake in Gtronic since the shareholders/investors have already suffered from huge investment loss in their previous acquisition? Increasing their stake is tantamount to leveraging your investments at a greater risk.

AGM of APB is looming where the BOD would be grilled due to the huge investment loss in Gtronic.Thats why 3 of their directors do not wish to be haunted on this issue ever and resign....

It is believed that EC Liaw dare not tell the reason why the incumbent auditors have resigned as he knows very well that the company is in the wrong while the auditors are right just like the case of Serba D.

APB investors are faced with huge loss in investment costs of 90m++ if their investment in gtronics is not restored to Rm 1.40 ( at which APB originally paid to acquire Gtronics).It appears that impairment is inevitable in the upcoming QR of APB.

Mr. Ku Chong Hong is the ED of Gtronics

He is also holding Directorship of the following Listed Public Companies:
• APB Resources Berhad
• Artroniq Berhad
• Sarawak Consolidated Industries Berhad.

It seems that wherever he is attached to , the gold is turned into shxts as evident time and time again...

It is reckoned that EC Liaw is insulting the intelligence of all the investors as if they were fools.Jus let the investors know the reason why the incumbent auditors,kPMG have resigned. Keep it simple and frank.

EC Liaw keeps saying that Gtronics and Serba D(SD) are not the same.Basically they are the same in that they forced their external auditors ,kPMG to resign before their terms of office.Until now, Gtronics has yet to reveal the real reason why the incumbent auditors have resigned to their investors. Their reluctant revelation has cast serious doubts on their corporate governance and the integrity of the management.

The alleged missing cash of 60m being reclassified as deposits is highly suspicious. If this holds true,the Balance sheet value is materially overstated and the financial reports contain material errors.

The Company must uphold the principles of corporate governance and not to take the investors for granted. The highlighted issues as mentioned in the post above have yet to be addressed to by the management but appears to be swept under the carpet in the hope that the investors would forget about it .Unless the said issues have been satisfactorily addressed to , the company will continue to be haunted...

The more Globetronics executive chairman Liaw Way Gian talks , the more it doesnt make sense. He doesnt get to the point. The market is not stuxid and convinced.

Globetronics executive chairman Liaw Way Gian said " these deposits which are held in stakeholders' accounts and managed by the company's legal advisors, are essential for securing new orders and forging strategic partnerships."

It is believed the deposits here are referred to the alleged missing cash of 60m. Which legal advisors? Why pays the customers to secure new orders? It should have been another way round where the customers pay deposit to secure supply . Is the Company so cheap to beg them to buy by placing deposits with them ? The Management has not really addressed seriously on this issue but merely says the business is as usual

Globetronics executive chairman Liaw Way Gian said " KPMG's resignation, dated Sept 4, will take effect 21 days after the notice. It was reappointed during Globetronics' last annual general meeting (AGM) on May 8 and was supposed to hold office until the conclusion of the company's next AGM."

KPMG was re-appointed in the last AGM to take office till the next upcoming AGM.( Their legal tenure of terms of office ). What triggered the incumbent auditors, KPMG to resign before expiry of their terms of office ? EC did not elaborate at all ?? Are the circumstances leading to their resignation so "fishy" that it is difficult to explain ?? very fishy indeed.

In your fantasy..........

No need to wait and see , we can judge from the attitude and integrity of interim management now....

Too bad... From their recent representation, they have insinuated that their dividend policy will be adjusted due to pathetic sales under the incompetent mgt meaning to say that they are not going to pay handsome dividend as before. It is certainly to be disappointing in months to come....

Since he is ED now ,he is in the best position to lead the Co to next height in the best interest of the shareholders. However,judging from the circumstances surrounding the co,he appears to be acting on the contrary

Whether he is ED or CFO ,it doesn't matter but one thing for sure is that he is a chartered accountant.

As a CA ,he should have known better the negative implications and repercussion of the voluntary resignation of the incumbent Auditors, KPMG and change of auditors half way before the expiry of the terms of office of the incumbent auditors.

The share values of the following companies have been collectively depreciated to great extent. Do you really believe that it is by coincidence or otherwise? I leave it to your imagination.

*Globaltronic
*APB Resources Berhad
*Artroniq Berhad
* Sarawak Consolidated Industries Berhad.

It is suspected that the reclassified deposit from the alleged missing cash was designated to other accounts where the cash is used to support the shares of other related companies

Mr Ku is their CFO ,a chartered accountant . He should have known better the negative implications and repercussion of the voluntary resignation of the incumbent Auditors, KPMG and change of auditors half way before the expiry of the terms of office of the incumbent auditors.

As a CFO, I wonder why he allowed this kind of abnormality to happen to jeopardise the interest of investors

joyvest

You are misleading in your post above .

Mr. Ku Chong Hong began his career in auditing with several audit firms before joining Grant Thornton Malaysia as an Audit Senior Manager in 2017. Throughout his career as an auditor for more than nine years, he gained vast exposure in audit and assurance and business advisoryrelated fields through his portfolios of various local and international companies involved in a broad spectrum of industries such as property development, construction, manufacturing, trading, poultry, agriculture, aquaculture, service provider, trading of software and real estate.

Directorship of Listed Issuers and Public Companies:
• APB Resources Berhad
• Artroniq Berhad
• Sarawak Consolidated Industries Berhad.

It seems that wherever he is attached to , disasters are bound to strike as evident time and time again...

Mr Ku is their CFO who is said to be a Chartered Accountant . He should have known better the negative implications and repercussion of the voluntary resignation of the incumbent Auditors, KPMG and change of auditors half way before the expiry of the terms of office of the incumbent auditors.

As a CFO, I wonder why he allowed this kind of abnormality to happen to jeopardise the interest of investors . Has he got something to hide or hidden agenda?