Don't think Rozali care at all... Best direction for us minority shareholders is to push for a capital repayment in exchange for our exit unless Puncak. He can keep Puncak with free lands and properties for his years of service in Puncak majority holding.
Just ask for 2.50 capital repayment in exchange for privatization. Who cares how much Rozali want to take in as salary if its private? Get back our money is far more important now given plantation and TRIPLC deals...
We can certainly move such a resolution for capital repayment if we have the number.
We can also move another resolution to limit the director pay.
Speaking up alone, even with supporters, at the AGM is ineffective.
Yes, as valour said, we must move together with resolutions which must be formally dealth with.
If a lawyer is to be engaged to help us in drafting and submitting the resolutions after we have gathered the 100 members, I am willing to share the lawyer fee.
angiess, people on the list not compulsory to attend AGM. But the identity and share ownership need to be verified. So going through a lawyer is the way to go.
I am positive that 100 minorities together can be a powerful force. Just complaining in forum will have no effect at all. No one is going to help us unless we help ourselves. Not doing anything positive is a confirmed failure. Negative people always predict a negative result even before trying, to justify not doing anything. Doing something may bring about a positive change.
Carl Ichan has a lot of connections and money, I don't. I will try my best to get in touch with LTH, given that it's the only fund holding more than 10% of Puncak and can have an impact. As much as I wish we can have a way to address the Puncak current board, if we were to roll out any resolution and Rozali can vote on it, we will have little or no chance of having it passed. That's why I was hoping to urge and pressure Rozali into giving out capital repayment option to concerned shareholders on recent deals a way out.
I bought some at .895-.90, 1.05-1.07, 1.12-1.15, 1.22-1.25 those are for trading purposes, primarily bought due to concern over board's crazy deals that might have unrepairable damage to company's balance sheet and profitability (average down?).
I sold almost all of my other shares and increase leverage ratio to add, that's why I'm so pissed! I have initially bought out of concern over commodity cycle heading south and thought cash company is the safest. Rozali has a record of share buy back and dividend. Never realize he's such a ... once gotten cash rich and ignores all his minority shareholders
I bought before Azmin taking over and I didn't bail during the negotiation believing in Rozali's team. Guess trust is only when someone is cash strapped!
if price goes higher ... maybe some sell all their holding and don want to vote alrdy! is smart also, bcos earning money is real, vote for those resolutions are not sure become true (for example, get 2.50)!
different ppl may take my words with different perceptions ... not all smart ppl will hold ... i don intend to con any ppl, i'm telling the what smart ppl doing!
have to say firehawk has a point. Sometimes, I wonder what's the true spirit of capital market? Shouldn't we encourage proper functionality of capital market, encouraging right kind of attitude to build rather than having some bullies forcing market participants to accept whatever terms these bullies forced upon others?
have to say firehawk has a point. Sometimes, I wonder what's the true spirit of capital market? Shouldn't we encourage proper functionality of capital market, encouraging right kind of attitude to build rather than having some bullies forcing market participants to accept whatever terms these bullies forced upon others?
"If like that raider give up loh....this type of attitude is not true resistance fighter for puncak loh"....!!
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....
rogers123
4,018 posts
Posted by rogers123 > 2017-01-11 22:53 | Report Abuse
Rzl son treat puncak like his toy. If can vote, i will vote him out