KYY blog is down
Thumbs up!

https://www.sc.com.my/wp-content/uploads/eng/html/invAffairs/Complaints_Form_SC.pdf

The Securities Commission Malaysia (SC) today issued a warning to investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes.

Perpetrators would accumulate shares at lower prices before posting positive sentiments about the companies, with the intention to spur interest in the shares in order to drive up its price. When unsuspecting investors buy the shares, it gives the perpetrators an opportunity to sell the shares they hold at a profit. Investors who have bought shares at the inflated price will suffer losses when the hype eases.

The SC and Bursa Malaysia have recently identified a blog ‘Bonescythe Stock Watch’ which was found to have published various articles that contain statements and forecasts that were misleading and deceptive, an offence under Section 178 of the Capital Markets and Services Act 2007 (CMSA). Following SC’s intervention action, the blog has been removed.

The SC advises investors to always exercise diligence and verify the legitimacy of information before making an investment decision. Investors are reminded to be cautious of the risk of fraud and when in doubt, to seek advice from persons who have been licensed by the SC.

Members of the public who have come across any suspicious websites, as well as e- mails relating to investment advice or any other capital market activities and services, may alert the SC at the contact number +603 6204 8999 or e-mail aduan@seccom.com.my.

http://www.mondovisione.com/media-and-resources/news/securities-commission-malaysia-warns-investors-over-pump-and-dump-schemes-via/

Waiting for 3 days limit down

JAKS to pay RM50 mil plus all damages and legal costs.

If everyone short sell this counter, KYY would be in deep trouble.

@ARV18
That's why he is creating news to defend JAKS and to make sure everyone buy JAKS while he unloads.

@malayantiger16888

In every investment done, locally or internationally, we always invest in a company with clean background as much as possible.

A legal dispute can end up badly for the losing party and now it stands 50-50. 50% of losing is big enough to deter investors.

By the way, you may refer to Bursa Malaysia for the S&P terms and conditions.

JAKS could always disagree with the additional changes required by STAR. S&P document is legal binding.

@issac99289928

I think you are mistaken.

KYY is borrowing for share investment. It's called share margin facility.

It has nothing to do with financing a biz.

READ HIS BLOG again.

Hi everyone.
I've just notice a hot topic on JAKS recently.
I thought of joining in this discussion.

One thing I notice is KYY will always defend his investment even though it may be wrong.
No one is 100% correct in every decision regarding investment. Even warren buffet made mistake with IBM for example. And Warren Buffet is top 10 billionaire in the world.

He borrows with share margin facility to buy his shares, thus when shares are going down , just like JAKS he will be posting more stories to defend his stock and hope that he will not require to answer his margin call. And he claims to be able to beat the interest rates against market return most of the time.
From the sound of it, he is arrogant and I hope he will end up burning all his cash at his old age and learn humility.

However, my thoughts are borrowing to invest is always the wrong approach and will always fail as market had ups and downs.
JAKS has a legal dispute going on and this will definitely not go well with the company and most investment banks will either ask KYY to top up or sell off some shares due to the risky nature of JAKS's legal dispute.


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Remember his article below:

Hengyuan: A blessing in disguise – Koon Yew Yin
Ever since I started doing business I always borrow large sum from the banks. I have always been able to make far more money than the interest I need to pay the banks.
For share investment, besides our margin accounts with Maybank, my wife and I have big margin accounts with T A Securities and Hong leong Investment Banks.
I have big margin accounts with Affin, Kenenga, RHB and CIMB. Our total margin finance is more than Rm 200 million. All these huge borrowings sound unbelievable. I have always been able to make far more money than the interest charges. I can easily make more money than the current interest rate of 4.8% pa from the stock market.