Special Report: Hidden hands behind penny stock surge under scrutiny TheEdge Wed, Apr 21, 2021 05:00pm - 20 hours ago
A few weeks ago, the authorities are understood to have raided several offices in Menara Lien Hoe in Persiaran Tropicana in the vicinity of the Tropicana Golf and Country Club in Selangor, looking for information on a group of individuals involved in manipulating penny stocks on the Bursa Malaysia.
The authorities, it seems, are after a group of individuals who control as many as 60 companies on Bursa Malaysia and appear to manipulate share prices and siphon out funds from these companies via numerous cash calls and the subsequent acquisition of assets. Also being scrutinised are the “asset-shuffling exercises” undertaken by many of the companies. There is also talk that they are allegedly involved in the legitimising of ill-gotten gains or money-laundering activities.
It is also learnt that there is a ringleader, an individual in his late 40s, who is not directly linked to any of the companies but efficiently uses proxies to mask his presence, utilising, instead, several generals who control the shares in many of them.
The Edge managed to identify almost 40 out of the 60 companies controlled by the same few individuals
if AT are producing glove the price should have shot up by now already test run so long ago, Mah Seng started later already going to mass production in May. so what is the different ....
since official opening till now.. not even 1 glove being sold ?? Mahsing venture in gloves later than AT.. but but will in production in May.. So far anyone know or working AT production ?
If according to the plan, by now they should already have have 5 doubles + 1 single lines on full operations far ahead of Mahsing, what a good timing...... after all, another way looking at ESOS, it is a good motivations for employee meanwhile will generate additional cash for company expansion. See... the employee are expect to setup 13 lines + 48 lines in 3 years while investors are watching with "pop corn", so this is aka "Ini kali lah!!!" for their dream therefore do not expect they will execute their ESOS cheap.
I think Choong (MD) leadership work, the questions remains : when the share price will fly .......hehehe....................
Hahaha... Still have people believe or trying to justify for syndicate all these ESOS, when in actual fact, all the ESOS share are for the Syndicate as expose in the Blog many times. Get real, as per Edge report , all these paper printing is for Syndicate to sell to retailers in large quantity. Wake up and read the expose blogs..
Can be true, do not buy if in doubts. I am just at view that all this plastics and glove company always start cheap and low but who knows may become giant like "Top Glove" one day, after all, I just invested my 1 month "Nasi Lemak + Kopi" $, not really need to get real ....hehehe.............. -------------------------------------------------------------------------------------------------------------------------------- Hahaha... Still have people believe or trying to justify for syndicate all these ESOS, when in actual fact, all the ESOS share are for the Syndicate as expose in the Blog many times. Get real, as per Edge report , all these paper printing is for Syndicate to sell to retailers in large quantity. Wake up and read the expose blogs..
Well thing happen....good news is authority already acting on it. The factory is real else someone go to jail, for my that little invested Nasi Lemak $$ @ 0.095 to 0.10 cents, I may not wake up and get busy with it, what if the production are real? they signed contract with Ken Team right? ......hehehe..................
Yes. Agreed as 20,000 or maybe 30,000 people think this way, (retails), and once money raised, it is not used for the intended purpose, but siphon to buy into another company shares. https://www.klsescreener.com/v2/news/view/818927 Again it is your nasi lemak money, your call. But retail investor must aware of these scams.
Our authorities are somewhat effective recently, we count on them to return Malaysian a clean, efficient, trustworthy and attractive investment environment ......hehehe..............
AT not so bad but Look at Data prep....gore ng up 2nd time later drop kaw kaw but not yet kaw kaw..... Siapa gore ng? Another group goreng with SC support?
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Last time bought a lot of Esceramic at 0.06 cents, regrets didn't not keep it till now. Hope this repeat in AT, try to keep it for few years and see if it become gold ........hehehe.............
if AT really producing glove than 10 cents is very cheap , it can not be nobody wanted to buy at this price , so the most likely reason is they dont or cant produce glove ....
Non stop share issuance for ESOS and Private placement for employee and pp cronies or proxies to benefit them instead of retail shareholders
Pursuant to Rule 9.19(51) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, AT wishes to announce that it has offered options to eligible Directors and employees under its ESOS, the details of which are as follows:-
(a) Date of offer: 20 April 2021
(b) Exercise price of options offered: RM0.095 each
(c) Number of options offered: 60,000,000
(d) Market price of AT’s shares on the date of the offer: RM0.090
(e) Number of options offered to Directors of AT : Nil
(f) Vesting period of options offered: The Options are vested on the Offer Date.
The factory has been officialize by PN minister, biz contract signed. I think This Q should see revenue some revenue come la & after all the pending cases cleared, just worry can't get this price anymore thus had invested a bit kacang puteh ikan bilis $ la .......hehehe.....................
Read a report that AT has rm 145 m stashed away in some sort of a fund. Anyone can verify it? Hope it's not a means to siphon off gains made. The writer also questioned the risk of doing so ie what if fund can't pay back?
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paktua73
18,328 posts
Posted by paktua73 > 2021-04-22 13:46 | Report Abuse
hahaha..
ringleader gang got hit..
Special Report: Hidden hands behind penny stock surge under scrutiny
TheEdge Wed, Apr 21, 2021 05:00pm - 20 hours ago
A few weeks ago, the authorities are understood to have raided several offices in Menara Lien Hoe in Persiaran Tropicana in the vicinity of the Tropicana Golf and Country Club in Selangor, looking for information on a group of individuals involved in manipulating penny stocks on the Bursa Malaysia.
The authorities, it seems, are after a group of individuals who control as many as 60 companies on Bursa Malaysia and appear to manipulate share prices and siphon out funds from these companies via numerous cash calls and the subsequent acquisition of assets. Also being scrutinised are the “asset-shuffling exercises” undertaken by many of the companies. There is also talk that they are allegedly involved in the legitimising of ill-gotten gains or money-laundering activities.
It is also learnt that there is a ringleader, an individual in his late 40s, who is not directly linked to any of the companies but efficiently uses proxies to mask his presence, utilising, instead, several generals who control the shares in many of them.
The Edge managed to identify almost 40 out of the 60 companies controlled by the same few individuals
tut tut
was kena burn by this devil gang