I also curious why online egm. So I call up to enquire.
It seems knm shareholders really too many. It will take a mini stadium for the event. Summore German guy want fast egm so that can quickly remove all directors. So not enough time arrange normal one. No choice online egm loh.
# Upgrade la , trending all meeting with team viewer what ?
At the hearing on 20 September 2023, the High Court of Kuala Lumpur extended the Ad Interim RO until the disposal of the RO Extension Application. The next hearing was fixed for 30 October 2023.
Look at its financials, EPS june 2023 vs dec 2021, thats from -ve (17.58) to -ve (0.51), thats impressive performance by current management, changed since dec 2021era Flavio, now Ravi current management. Still a short journey to the finish line to turn around KNM, unlocking its assets' true value is the pinacle of this current management (not by disposals, but revivals, restoring confidence, bringing in more competent experts to assist, and listings). The share price will hover between 35sen to 50sen. From there, its future is up and up... Until another hostile takeover or complacency sets in. 😂
If the financials isnt showing good progress with concrete plans and implementations in place, as well as support from the creditors to recover their monies, the courts wouldnt have extended as maxwin69 said. There are many PN17 big companies have plans rejected and got delisted the past few weeks. Assuming new board takes over, and new management formed, it has to start all over again, these 2 years wasted for bilis like us, and eventually little monies got burned and forgotten.
Irony is both battling parties not mopping up the open market, price not breaking the 13sen level yet. I was anticipating the price rally to reach 35sen leading to the EGM date. Perhaps both waiting for their month end salaries...to buy more. 🤣😂😀😅
No choice we gotta stick with T because Flavio don't know how to run the business. His performance track record and the financials are so bad. He is a lawyer clever to talk.
Same like that Rick guy at GM, biggest company in the world. For 10 years prior to 2009, GM share price went down steadily at $10 per year. It started at $100 and after 10 years, in 2009, it went to zero and GM went bankrupt.
Big volume transacted but sp didn't jump up. Many people wondering why.
Me also bilis don't know what actually happening belakang. But I can make a good guess. It's the Cat vs Mouse play. Cat say to Mouse - you sell I buy, you buy I sell. Now Mouse is cornered and a bit stressed. Haha...
Maybe share price go up due to investors having more confidence? After the news of Flavio/Andreas we hope Tunku and his team can continue good performance. They just renewed their RO. Investors look forward to him lifting KNM out of PN17. Then we have big profit when share price big jump. Yee haw......
Actually now we placing our bet on 16/10 EGM. We hope more people will support Tunku prevent foreign takeover. Then they can uplift PN17. And list Borsig on SGX. More profits for us.
This Flavio guy not only making trouble now. He was the guy who deposed the Lee family.
He tried to sell Borsig earlier also, at a low price. And do you know who he was selling to? And that guy can't even pay for it, after numerous extensions and sweet talking. He was trying to sell it to Andreas Heeschen. Haha... what a joke. We can call the company to confirm. It's true. And Flavio is now under investigation for fraud in KNM. That deal is one incident.
I think not so easy for foreign guys to take over. Tunku has very substantial shareholding. Even the syndicates under control, you can imagine. But they not underestimating foreign guys. Now they strengthening their contingency plans.
I believe 16/10 will be uneventful and we will be on track to remove PN17 plus successfully Borsig listing. Just need to hang in there for a while watch the show and see Tunku gang perform.
but sad to tell u , a lot bilis here hv prejudice against " T " . No one will vote 4 " T " cos they acknowledged/ firmly believed "T " is the real suspect misled knm into PN 1️⃣7️⃣ instead of Flavio ⚠️
After i 🧩 whole 🖼️ then i found out this truth u disclosed is the facts / realities but ignored by almost all bilis here . So i suddenly🔀 but it is too late 😞
🇩🇪 once taking control price will shoot suddenly then slump like 🌊 fall till 2️⃣ c therafter delisted ( 🇩🇪 definitely buy cheaper than open market f price halted last transaction they dealed ) The rest control by MAFIA then delisted .
# The group of shareholders are seeking to appoint Johor princess Tunku Kamariah Aminah Maimunah lskandariah Sultan Iskandar as a director to replace KNM chairman Tunku Yaacob Khyra.
# Will you appoint other's if you owned something precious ?
I look at MAA’s net profit past 5 years And Tunku Khyra’s yearly salary as chairman (RM4m a year) almost 5% of MAA’s market cap. (84m) And think to myself, why shouldn’t we vote for the German in KNMs case. Tunku Khyra if truly believe in his own turnaround plan then buy up the remaining shares, don’t just talk.
Maybe he very confident he will be re-appointed so he go and announce in advance? The date of the article is 19/9, last week. Not even EGM yet, next month only...
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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....
CyrusQ
2,060 posts
Posted by CyrusQ > 2023-09-21 16:52 | Report Abuse
Adagold
I also curious why online egm. So I call up to enquire.
It seems knm shareholders really too many. It will take a mini stadium for the event. Summore German guy want fast egm so that can quickly remove all directors. So not enough time arrange normal one. No choice online egm loh.
# Upgrade la , trending all meeting with team viewer what ?