Posted by Cyborg > 2014-10-28 22:47 | Report Abuse

Crash soon.... RUN

No hope...

Posted by chrischan > 2014-10-28 22:51 | Report Abuse

i visit this site often and from what i gather is calvintaneng cannot be trusted.i never see a person who do not feel any shame after being exposed.he is attention seeker or attention whore.you should happy that you figure out now.please pass this message around for public awareness and good karma for yourself.

Posted by walau2u > 2014-10-28 22:53 | Report Abuse

Calvintan, 500 lot at RM0.4 ready for you, ok?

Posted by cariayam > 2014-10-28 22:58 | Report Abuse

APA lgi mahu cerita? Buang sje. Semua org Sudan tahu .

Posted by Cyborg > 2014-10-28 23:23 | Report Abuse

Talk nonsense already.... haha, how to sell when no body want to buy???

Down price x3... u will find a buyer

DEADLY TRAP...

Posted by yipcc79 > 2014-10-28 23:44 | Report Abuse

Trade at your own risk brother.you cannot blame people to mislead you or what.

Posted by kt99 > 2014-10-29 08:33 | Report Abuse

Calvin promoted counter gsb, bjcorp, mpcorp all go holland already. Ksl sell call but shoot up like rocket.

Posted by eric__b5b > 2014-10-29 08:53 | Report Abuse

be careful of the con man!!! he has been fried in Ifca forum!!!!

Posted by tenlot > 2014-10-29 09:09 | Report Abuse

no buyer at all..
calvin, please queue buy at 40 cents

Posted by tenlot > 2014-10-29 09:10 | Report Abuse

scaring...but you guys stay calm ...do not panic and sell at 36 cents. be calm, we wait until got buyer.
I can assure that today will rise definitely.
Please wait

Posted by tenlot > 2014-10-29 09:24 | Report Abuse

speechless

Posted by tenlot > 2014-10-29 09:25 | Report Abuse

calvintaneng, action speaks louder than words...you queue buy in 38 cents now, i sell to you.

Posted by tenlot > 2014-10-29 09:25 | Report Abuse

mr calvin, where are you?

Posted by tenlot > 2014-10-29 09:30 | Report Abuse

No buyer no buyer no buyer

Posted by tenlot > 2014-10-29 09:30 | Report Abuse

Anyone to queue buy in? Choongpooh, why do not queue buy in?

Posted by tenlot > 2014-10-29 09:31 | Report Abuse

According to past record, when the delay's announcement out, the price will still be stable and rise a bit the next few days,

Posted by tenlot > 2014-10-29 09:32 | Report Abuse

do not rush. I go to work already...take care all...
do not queue sell out...please wait till got buyers

Posted by tenlot > 2014-10-29 09:36 | Report Abuse

CHINA STATIONERY LIMITED ====01/10/2014 PRACTICE ...
announcements.bursamalaysia.com/.../dfDisplayForm?...1...
====08/09/2014, Notice of Shares Buy Back - Immediate Announcement ... China Stationery Limited ("CSL" or the "Company") – Delay in release of Audited Financial Statements for the financial year ended ...

8/9/14 announcement made, and the price is at 0.12...
12/9/14 the price hit 0.140

Posted by tenlot > 2014-10-29 09:40 | Report Abuse

Hohup

May 03 2010 Investor Alert Announcement
Delay in Submission of Financial Statements
the price at may 03 2010 is at 0.53

Jun 20 2010 rise to 0.63

Posted by eric__b5b > 2014-10-29 10:51 | Report Abuse

be careful of aka Can't Win!!!!!

Posted by tenlot > 2014-10-29 11:51 | Report Abuse

Calvin,

go to holland already.....no point arguing..
the price is the fact

Posted by beeair2013 > 2014-10-29 12:10 | Report Abuse

Seems drop to @ 0.26 is imminent................

Posted by eric__b5b > 2014-10-29 12:35 | Report Abuse

aka Cant Win sure goes to holland!!!

Posted by stink > 2014-10-29 12:36 | Report Abuse

now another being sued by Prtsco
what a combination, wow wow

Posted by walau2u > Oct 28, 2014 10:18 PM | Report Abuse

From insider trading, fraud case and etc......look like no hope 4 tis counter.......No matter how good the assets, if the management is big liar, no point to invest also...........Trustworthy is number 1 in any counter that we invested in.

http://www.theedgemalaysia.com/business-news/271049-mpcorp-ex-ceo-charged-with-insider-trading.html

Posted by eric__b5b > 2014-10-29 14:11 | Report Abuse

aka Cant Win likes to go to holland!!!

Posted by tenlot > 2014-10-29 14:58 |

Post removed.Why?

Posted by tenlot > 2014-10-29 15:18 | Report Abuse

bye bye to this counter....
buyer buyer i need you....

Posted by calvintaneng > 2014-10-29 15:20 |

Post removed.Why?

Posted by tenlot > 2014-10-29 16:03 |

Post removed.Why?

Posted by member41 > 2014-10-29 16:20 | Report Abuse

Delay in issuing audited account. Sigh

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1779225

Posted by eric__b5b > 2014-10-29 16:24 | Report Abuse

sell n buy 0023!!!

Posted by tenlot > 2014-10-29 16:30 |

Post removed.Why?

Posted by tenlot > 2014-10-29 16:30 | Report Abuse

You are alike with choongpooh, mad guy

Posted by Cyborg > 2014-10-29 18:15 | Report Abuse

Jeng jeng Jeng... GAME OF THE LAST SUCKER.... BEGIN

Posted by tenlot > 2014-10-29 18:39 | Report Abuse

cyborg= (c bo?) in Ho Kien

Posted by tenlot > 2014-10-29 20:08 |

Post removed.Why?

Posted by fightingfish88 > 2014-10-29 21:04 | Report Abuse

pn 17 please....i m waiting.....bad news ...delay in annual report submission, management really a big problems but i m now full of bullets after clearing my gst counters.....pn 17 please......panic please......fear please ......hopeless please.....

Posted by tenlot > 2014-10-30 00:00 | Report Abuse

good....i also clear most of my mpcorp's portfolio...waiting lower price to enter.
PN17 please.

Posted by tenlot > 2014-10-30 00:00 |

Post removed.Why?

Posted by kt99 > 2014-10-30 10:36 | Report Abuse

Tenlot.. y still enter.. u still thinkk this counter fundamentally still ok?

Posted by tenlot > 2014-10-30 14:32 | Report Abuse

waiting cheap price...
but have to see what is inside AFS first

Posted by tenlot > 2014-10-30 14:33 | Report Abuse

if AFS does not come out on or before 7 Nov, there will be suspension of this counter until the issue of AFS

Posted by tenlot > 2014-10-30 14:34 | Report Abuse

Remembering the announcement of default which delayed almost 5 yrs...
then MPCORP's directors was being publicly reprimanded by BURSA.
have to read through the AFS before deciding next move.

Posted by tenlot > 2014-10-30 14:35 |

Post removed.Why?

Posted by smalltimer > 2014-10-30 17:05 | Report Abuse

announcement coming

Posted by tenlot > 2014-10-30 18:48 | Report Abuse

Acceptance of RHB Bank Berhad’s offer to restructure the revolving credit and overdrafts facilities to terms loan on 27 October 2014 (as per announcement dated 28 October 2014)

Notice of Default with respect of a charge pursuant to Section 254 of The National Land Code 1965 by AmanahRaya Development Sdn. Bhd. to Taman Bandar Baru Masai Sdn. Bhd. dated 16 October 2014 (as per announcement dated 17 October 2014)

Material litigation between Wisma MPL JMB vs Malaysia Pacific Corporation Berhad (as per announcement dated 10 October2014).

Posted by tenlot > 2014-10-30 18:49 | Report Abuse

Hopeless company..
RHB's debts can not settle. ADSB one signed agreement to pay back but also default....

CrXXK

Posted by tenlot > 2014-10-30 18:51 | Report Abuse

Debt...Debt...Debt..Debt...Debt...Debt

Bill Ch'ng would not pay a cent for the debts. Let it default until the other party DU LAN, then can pay less .....

or sell the land out with very very cheap price, in order to pay back the 'debts'...after all He win .....No one will get profit from investment in this counter except Bill Ch'ng

Posted by tenlot > 2014-10-30 19:00 | Report Abuse

saying to build APTEC...
well....the story is very very nice...

then, signed Mou with many many companies from China, Thailand, Korea, Hong Kong.....But all failed in the end....

signed agreement to pay back money, but default again....

Saying to issue new shares, failed again....

Last year, saying coming quarter will launch first phase....but until now there is even no any single project to be launched....

when default, announcement was made few years later and get Bursa Reprimand....

Saying to renovate Wisma MPL, but just say say only.....

All are empty promises......liar...

What he is doing? Can refer to below news.....the conversation between Yap, minor shareholder and Ch'ng.

Posted by tenlot > 2014-10-30 19:02 | Report Abuse

Malaysia Pacific Corp Bhd’s (MPCB)’s recent annual general meeting (AGM) was one of the more eventful meetings, with several shareholders stepping up to voice their concerns about the way the company is being run.

Among the concerns raised were those related to the company’s financial statements, methods of financing, and independence of board members.

MPCB was certainly not expecting to field questions of this nature, and this led to a heated debate between shareholders and members of the board, which, according to MPCB president and CEO Datuk Bill Ch’ng Chong Poh, was settled satisfactorily.

“This is the first time we have faced this kind of meeting. Most of them were shareholders or proxies with three, five, maybe fifty shares. Most of the events were instigated by one or two shareholders who bought maybe one or two shares in the market, and for very personal reasons, wanted to cause problems. But, all the questions raised have been appropriately answered,” said MPCB CEO and president Datuk Bill Ch’ng Poh during the press conference after the meeting last Friday.

MPCB had initially refused to meet members of the media but after several hours of waiting, Ch’ng met the press.
According to shareholder Yap Chee Keong, who spoke to Focus Malaysia after the meeting, one of the issues raised was the questionable sale of 46 plots of vacant bungalow plots to a company called Optima Mewah Sdn Bhd for RM16.89 mil in June 2011, 30%, or RM5.2 mil of which was immediately payable.

What was not mentioned in the Bursa Malaysia filing was that Optima Mewah is a dormant subsidiary of MPCB, with a last recorded turnover of only RM55,000.

When probed by shareholders, Ch’ng said he had performed the sale to prevent MPCB from slipping into PN17. The sale would, at least on paper, make it look like MPCB was generating enough revenue to keep it afloat.

The actual transaction was not in itself illegal, but the fact that he had concealed it from shareholders and had not sought their consent prior to the sale was a show of poor corporate governance, said Yap.

As the sale was not questioned by the external auditor, BDO, or the internal audit committee, shareholders stated their intention to take the issue to the Audit Oversight Board.

It is not immediately clear why the external auditors did not question the sale, but why the audit and risk management committee made such a glaring oversight is no mystery, said Yap.

Its audit and risk management committee is made up of only three members, two of which, namely Norsyahrin Hamidon and Sean Nicholas Da Cruz, were only appointed on July 18 and Nov 5, respectively. Both are independent non-executive directors.

MPCB’s financial year closes on June 30.

Da Cruz, 28, a Hong Kong citizen, cannot be entirely independent of the company as he is currently dating Ch'ng's daughter, Mona, said Yap.

His father is Hong Kong horse racing legend and former jockey and horse trainer Anthony Da Cruz.

“He was asked by shareholders to state his independence during the AGM and he only answered 'yes' after some hesitation and some consulting from the other members of the board,” said Yap.

During the course of 2012, the company has gone through three chief financial officers, one of whom resigned after just a week on the job. The current CFO, Francis Lai Soon Ong, was only appointed on Nov 20.

Its two company secretaries are also relatively new, having only joined in September after the resignation of the previous secretaries.

Having such a high number of crucial staff members exit within a year is bound to raise some eyebrows.

Internal issues notwithstanding, the company is also in dire financial straits. It recorded a net loss of RM13.91 mil for the financial year ended June 30, 2012. In the previous year the company recorded a net loss of RM19.02 mil.

To help fund operations Ch'ng is lending MPCB money from companies under his wife Datin Kong Yuk Chu’s name at an exorbitant rate of 14%, much higher than a bank's standard rate of 7% or 8%, which shareholders see as daylight robbery.

“Why do you need to pay 14% to yourself as interest?” said Yap. As Ch’ng is the majority shareholder through his company Top Lander Offshore Inc, he has made the decision without the consent of the other shareholders.

Shareholders were cut short when they attempted to ask further questions, he said.

For the past five years MPCB's liabilities have outweighed its assets which should have caused the external auditors BDO to raise questions, but interestingly enough, there were none.

In its annual report, the company listed “property development costs” amounting to RM121.24 mil under its current assets although it cannot be placed under this category. A current asset by definition means an asset realisable within 12 months. Again, this was overlooked by the auditors.