Two cts dividend & both controversial brother directors resigned. EGM cancelled & now company can focus on business. Good for the stock tomorrow......LOL
As a gesture of goodwill to facilitate a smooth transition in the management of the Benalec Group and should not be interpreted as an admission of liability by XXXXXXXX and/or admission of any allegation made against XXXXXXXX in respect of any matter whatsoever between him and the Benalec Group.
Does the above imply that all Material Litigation against the 2 brothers are dropped ?
Their resignation should not be interpreted as admission of liability. But they can still be charged in court of law later if there is ground to do so. Dividend 2sen, EGM cancelled while management main issue has been resolved.
How will the investors react to the positive news tomorrow? Up or down?
Don't be so childish. Their actions are good enough and acted professionally. We must appreciated that the company disclosed the issue themselves, otherwise we would never knew. Thousand of company did the wrongdoing, but they never disclosed it. Just acted professionally to the news, then we can be successful investor, rich of course. Emotionally investors whose always acted and danced with the rumours are always remain moneylossing.
Kukuman, EPF is doing that as a substantial shareholder!
Luckily the they are able to resolve the issue without the need of an EGM! The share price will be dragged much lower especially by EPF continuos selling if the issue take a longer road to resolve!
Without EPF as a shareholder the chances for them to secure Tg Piah might also be in doubt!
today up to 1.10???? wait & see..2 cent dividend good for GLC & GLIC to support this stock... continue up ... if drop just at 1.00 bottom before rally for year end sales...
EGM. What a joke. From sacking to resignation. Initially want to sack them because the directors don't want to budge. Now, the two directors agreed to resign! why all the trouble.
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....
Yunnan
405 posts
Posted by Yunnan > 2013-12-03 21:42 | Report Abuse
Have been holding since one year ,,,