FinishOneGo Same like AT, rubbish. Drop 90% still is "paper" they will sell. Then print again. Average down is what they expect you to do. Greed turn parish.
KVExposed The mastermind behind penny CBT scheme Kenneth Vun Yun Lun and Mak Siew Wei. The consequences for not nailing them for life sentence is they do bigger crime to steal from the people.
SC hauls Kenneth Vun, 6 others to court over DVM Tech shares
Those of you in this forum may recall back in Dec 21, 2020 I told you guys Fintec after share consolidation & RI in 2017 Fintec went all the way down and I was afraid the same thing may happen after Fintec RI in Dec last year. Looks like a repeat of 2017 with Fintec now at RM0.055. This time it is worst because Fintec NOSH has ballon to 3,444B
Give MACC and SC another month to complete investigations. No matter how smart you are, if it's illegal, the long arm of the law will come for you, just a matter of timing.
0150 FINTEC FINTEC GLOBAL BERHAD Quarterly rpt on consolidated results for the financial period ended 31/12/2020 Quarter: 3rd Quarter Financial Year End: 31/03/2021 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2020 31/12/2019 31/12/2020 31/12/2019 RM '000 RM '000 RM '000 RM '000 1 Revenue 41,209 4,160 86,829 14,188 2 Profit/Loss Before Tax (61,626) 76,491 809,882 172,653 3 Profit/(loss) attributable to ordinary equity holders of the parent (61,619) 76,492 809,893 172,658 4 Net Profit/Loss For The Period (61,626) 76,491 809,882 172,653 5 Basic Earnings/Loss Per Shares (sen) (6.14) 11.84 63.42 27.37 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.4658 0.3525 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Investigate what? You got make report? Pls answer back.
Posted by MAX8186 > Apr 1, 2021 9:01 PM | Report Abuse Give MACC and SC another month to complete investigations. No matter how smart you are, if it's illegal, the long arm of the law will come for you, just a matter of timing.
Problem is AT used the cash surplus to buy up Trive RI and Asdion shares, this will be a big loss of quoted shares again on next March 2021 QR report...that's why AT need more fresh funds like 1.26 billions Esos and later on share consolidation exercise plus RI with free warrant in order to buy another loss making company...pls be warned that Fintec loss RM 61 millions in December quarter due to the big loss of quoted shares...beware..
Rain or shine...i still hold onto my Fintec shares. Loss a bit. Hope it will rise one day. There is so much of concerns echoed by so many recently. Pity those who dabbled and lose money.
Congratulation all XOX supporter. Another 30% ESOS which potentially make total number of share to 5.1Billion units. 5.1 Billions you know, the one ended with B. Or 5100million units of shares and keep talking about the historical high profit of RM 5.7 mil (with fake unrealized gain).
Why is the 0.065 Bid Q so huge today? A lot of players plan to buy, good support like what the cybertropers said? and Why is the 0.070 Sell Q so small? A lot of players eat up the Q? WRONG...
Operation put a big block at 0.065 for few weeks to make sure that NO RETAILS can get the the 0.065 tickets as they wanted to fix the price at 0.070. So that the new ESOS price can be fixed around ~0.63sen or lower (10% Discount from the average price, which is around 7sen). They want retails to buy at 0.07 or higher. After finish the 0.070 Q, they will put more tickets at 0.07 again and repeat.
After getting the new ESOS, they will release some HOA, LOA, MOU or any kind of rubbish collaboration news between their rotten companies. Then they will put a big block at 0.075 (make sure all their tickets are Q in front of retails tickets). And make the 0.07 Q small enough for them to sell with news. So those who bought at 0.07 now, have to sell back at max 0.07 (lose broker fee, but most of the retails dream that operator will push higher than 0.07, so they wait). From time to time, the 0.07 will be finished and eat into 0.075 which are all their tickets, but no way they will push higher.
In short, retail can only buy at 0.07 now, and after ESOS, they can only sell at 0.07, if you insist to trying your luck, maybe you buy now, then can start to Q from now until next month..
Warning sudah bagi, even give the details on how they operate, and still ppl talking about chart la, this la, that la.. XOX bought macpie cheap cheap and now already gain 40% la 50% la etc. Did XOX sell any of the Macpie tickets to get CASH? NO, the operator gang heavily bought into the Macpie shares at lower price, then now they want to use XOX money to buy those tickets from them at ridiculously higher price.
Let me tell you another operator secret. Did you realized that why are all the "small" counters (MACPIE, NEXION, CHEETAH and etc) which has news related to XOX fly like no tomorrow but XOX not flying?? Because XOX is the FOCUS counter, meaning they will keep issuing ESOS, SIS, Private Placement, Right Issue to XOX to bring in cash to the company. Then will sell those cheap tickets to the public hands at only 5%-10% gains (example, ESOS at 6.3sen, then sell at 7-7.5sen). Then they will take their cash to go buy Macpie, Nexion, Cheetah (those attached counters) at LOW price. Then at the end, they will use the XOX's cash to goreng up those attached counters until crazy price and buy the expensive tickets from their hands to ENCASH. Explain until like this still cannot understand how they manipulate all the counters??
Yes, if you want a goreng counters, go buy those ATTACHED COUNTERS, NOT the focused on like XOX. However, no body know which is the attach counter before they announced the news. Once they announced the news about which counter is having "relationship" with XOX, the attach counter's share price already 3x or 4x folds high, and you still dare to buy? Of course, at the end, XOX will use up all their cash to buy from the operators at high price.
Go to the list again of what company they owned, you will see that those FOCUSED counters share price keep going down after each SIS/ESOS/PP, but those attached counters keep going up after BIG news announced.
Those who already realized and escaped, thanks me later. Those stubborn one, all the best to you. To the cybertroopers, sorry that I disclose all your tactics, but don worry, there are still plenty of fish for you to catch.
experienced investors understand very well the modus operandi of the syndicates to enjoy the ride with them based on the idiom "join them if u cant beat them". That's y this group of people r appreciative of the contribution of the syndicates in their wealth generation.
yaphoikiong Fintec will be up on Monday, since Nexgram offer 1.6 billion to buy land in Melaka, ha ha ha ----------------------- The proposed gross development value is RM1.6 billion. Not the price of the land alone.
yaphoikiong Fintec sub company, go go go ---------------------------- Aiyah... Sudah tertukar company ka. Itu Fintech sub company NETX (0020) - NETX HOLDINGS BERHAD.
Ini Nexgram lah, Nexgram (0096) - Nexgram Holdings Berhad.
Gtrade Nextgrame only got 2 hairless balls. How to pay 1.6b rgt to Fintec for the land.? Is the land 1.6milli9n or 1.6b? -------------------------------------- “This public-private cooperation initiative is in line with the Government’s push for technology-based investments which can, in turn, raise the knowledge and digital economic capability and capacity level of Malaysians,” said the ACE Market-listed company.
Its a cooperation with the government entity, the Melaka State Development Corporation.
Nexgram won't use its 2 hairless balls, instead can go for other sources of financing....
SC to show how Ricky Wong siphoned over RM50m from Bright Packaging Industry via rights issue, private placement, ESOS TheEdge Mon, Apr 05, 2021 02:24pm - 1 hour ago
KUALA LUMPUR (April 5): The Securities Commission Malaysia (SC) intends to demonstrate how Datuk Ricky Wong Shee Kai siphoned approximately RM56 million from Bright Packaging Industry Bhd (BPI) via a series of corporate exercises between 2013 and 2015, comprising a rights issue, a private placement and two rounds of an employee share option scheme (ESOS).
In his opening statement for the trial, which commenced this morning, senior lawyer Datuk Lim Chee Wee, representing the SC, told the court that the defendants Wong, his mother Teh Sew Wan and Wong SK Holdings Sdn Bhd have contravened the Capital Markets and Services Act 2007 (CMSA) in using devices, schemes or artifices to defraud BPI and/or engaging in acts, practices or courses of business which operated as a fraud upon BPI.
Both Wong and Teh are the directors of Wong SK Holdings. Wong and Wong SK Holdings were represented by lawyer Datuk Harpal Singh Grewal.
"The evidence shows that the proceeds were paid out by BPI to suppliers of BPI, who were in actual fact nominee companies controlled by the defendants.
"These monies were eventually transferred to the defendants. The monies were paid out by BPI after each BPI corporate exercise within a very short period, ranging from one day to two weeks after the completion," said Lim.
He alleged that these companies were controlled by Wong and were used as a front to propel the defendants' fraudulent conduct, which resulted in unlawful pecuniary gain of at least RM56.07 million.
The nominee companies had received monies from BPI following each corporate exercise by way of cheques authorised by Teh, based on fictitious transactions, which were eventually transferred to Wong or Wong SK Holdings.
The SC in its investigations found that the monies from each exercise were transferred from BPI via layers of these nominee companies, which ultimately ends up in either Wong's HSBC account, Alliance Bank account or Wong SK Holdings' Ambank account.
Besides using these nominee companies, Wong had allegedly provided the funding for former BPI director Datuk Seri Syed Ali Al-Habshee's subscription of the rights shares and the subsequent disposal of the shares and the transfer of proceeds to Wong.
Syed Ali, the former UMNO Cheras division chief, claimed to have had no knowledge of his subscription and disposal of the rights shares, as well as the transfer of proceeds to Wong.
Moreover, he also provided funding for five BPI employees to subscribe to two rounds of ESOS, although the five claimed they had no knowledge of their respective subscription of the shares.
Syed Ali and the five employees, namely Chew Chen Nie, Lee Woan Jiun, Chan Kok Leong, Kok Meow Imm and Teoh Hock Heng, will be appearing as witnesses in the trial, along with 14 others.
The first witness to appear in court was TA Securities deputy vice president of corporate finance Sim Hui-Leen, who went over each of the CPI corporate exercises during the examination-in-chief by Lim.
Cross-examination by the defendants' lawyers is slated for Sept 21, as the trial was adjourned amid the discharging of Teh's lawyers Nicholas Kow and Emile Ezra Hussain, as she felt that the lawyers cannot act in her best interest.
Judicial commissioner Anand Ponnudurai warned her that there will not be anymore postponements once the trial resumes in September.
"There will be no further adjournments. Please appoint new lawyers by this week. If the lawyers come into the court saying that they are not free on the dates fixed, please find other lawyers," he urged the defendant.
THIS LAST QUARTERLY REPORT OF LOSS IS IN TANDEM WITH THE CURRECT SHARE MARKET PRICES. THE PREVIOUS QUARTERLY GAIN OF RM720 MILLION WAS ALSO IN TANDEM OF THE HIKE IN ALL THE SUBSIDIARIES AND THE ASSOCIATED ENTITIES THEY FINTEC OWNED. SO, THERE IS NOTHING TO WORRY ABOUT. THEY ACTUALLY ACTING LIKE THOSE UNIT TRUST COMPANIES IN THE MARKET, ALL THE SAME. I STRONGLY BELIEVE, ALL THOSE ESOS, SIS AND PRIVATE PLACEMENTS UP TO 30% OF THE PAID UP COMPANIES ARE DULY ALLOWED BY THE SECURITIES COMMISSION. THEY ARE PLACED WITH THE ENDORSEMENTS AND APPROVALS OF THE SECURITIES COMMISSION OF MALAYSIA.
YOU ALL ARE CORDIALLY INVITED TO REPORT FINTEC TO THE SC, SSM, POLICE, HLDN AND THE BURSA AUTHORITIES FOR THEIR CHECKING. IT IS PERFECTLY HEALTHY TO HAVE THEM INVOLVED SO THAT FINTEC NAME CAN BE CLEARED AND FREE FROM ABUSE AND MANIPULATION. CHEERS IF YOU HAVE REPORTED.
FINTEC CAN MAKE ITS OWN SHARE DOWN, DOWN AND DOWN. THEY CAN ALSO MAKE IT UP AND UP AND UP ONE DAY. JUST HOLD ON TO ALL YOUR FINTEC SHARES YOU ARE HAVING WITH YOU. BUY NOW AT 5 SEN AND GAIN 10 TIMES IN THE FUTURE. JUST WAIT. DO NOT WORRY.
Gtrade : UNit trust cannot suka suka do PP/RI/ESOS to dilute original investor holding.
Fintec can do it but they cannot do it everyday. Only 30% of the paid up capital is allowed. One day, they have to vomit it out back to us. Unless, they took our money and run away.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
All1BusJail
2 posts
Posted by All1BusJail > 2021-04-01 20:01 | Report Abuse
Same rubbish.
FinishOneGo Same like AT, rubbish. Drop 90% still is "paper" they will sell. Then print again. Average down is what they expect you to do. Greed turn parish.
KVExposed The mastermind behind penny CBT scheme Kenneth Vun Yun Lun and Mak Siew Wei. The consequences for not nailing them for life sentence is they do bigger crime to steal from the people.
SC hauls Kenneth Vun, 6 others to court over DVM Tech shares
https://www.thestar.com.my/business/business-news/2014/07/22/sc-hauls-...
31/03/2021 10:38 PM
Lifeunlimited https://kennethvunyunlun.wordpress.com/2021/03/26/the-new-john-soh-of-...
31/03/2021 10:46 PM