Although I no more funds to invest here, I still hope you guys have a smooth journey investing ATA. Hope it recovers or else Malaysia’s EMS industry very hard to recover previous market cap.
Nice advise hotstuf..but a rich guy like cud afford t off screen..thse bilis n me ur hardcash -needs t monitor k. Who knows Russian could attack Ukraine any day..as tensions grows!
Firstly I would like to answer your query on my NGOs and our missions. I work with various NGOs where we identify groups of migrant workers in the country who need help. We were very active during the Movement Control Order (MCO) in Malaysia to provide food and shelter for migrant workers when their employer could no longer afford to take care of their workers.
What baffles me is you did not answer my query on recruitment agents in source country charging high recruitment fee from the migrant workers. This makes me believe you are part of the system in the source country that benefits from this poor and desperate workers. Instead of targeting the employers abroad you should be targeting the recruitment agents with the help of the source country government. You raise your concern by being a whistleblower yet you have done nothing in your power to stop these agents. I’m convinced that you used this situation for your own benefits.
As per your statement on you being wealthy and successful businessman, I have no access to your Swiss bank account Andy!!!!
Let me remind you Andy, Malaysia went on a total lockdown from 18th March 2020 and movement control order was introduced throughout the country. During these time all but essential items organization were asked to close. Due to this, many small and medium enterprise who could not sustain had closed down. Migrant workers who were affected had no choice but to look for employment in various different sectors. Hence a number of workers became illegal migrant workers in Malaysia.
Many corporation who were allowed to operate accepted the workers so they could have a job, accommodation and income for their survival and for their family back at home. But these corporation was stuck in a dilemma as the MCO is still in place they could not provide new accommodation for these workers. They started using their existing accommodation to accommodate these people so they will not be homeless. You should understand Andy a small home is better than no home. It was temporary arrangement so we would not have millions of homeless and starving migrant workers on the street which could lead to suicide. Bear in mind Andy these worker were paid full salary as per Malaysian labour law. You portrayed these as forced labour to the western countries and CBP to suit your modus operandi!!!
Your syndicate has planted workers in the targeted premises during this difficult pandemic Covid 19 situation to obtain information which then used to your beneficial! Most of these information are clearly fabricated and you being the syndicate leader started spreading it to your advantage. You clearly are a cunning and devious human being.
Malaysian government was aware of all these and to protect the illegal migrant workers Recalibration Plan was introduced in November 2020. Malaysian government did not ignore the migrant workers but showed their gratitude yet you claim and portrayed to the western countries otherwise!!! You started accusing many companies in Malaysia using force labour to your advantage during these tough pandemic time to the extend CBP issued withhold release order (WRO) for the imports.
Purely for your advantage when Malaysia went on second phase lock down and the immigration departments was either closed or operating at minimum manpower to complete the recalibration exercise, you keep tarnishing the images of Malaysian employers. Andy I’m sure you were aware what was happening here but you fully pressed on the issue which will benefit you in later stage. Your claim of being an activist for migrant workers is a total lie. You manage to destroy the livelihood of the migrant workers in this country by claiming Malaysia has illegal migrant workers. You actually have no humanity and care for these poor people.
Due to your actions many companies have either downsized or potentially will close down in Malaysia.
Do you know the implication of your actions have lost many poor migrant workers their jobs! You should be answerable for this Andy. Not just the workers but to their families who were relying solely on this breadwinners. In actual fact you are truly unethical and a disgrace to call yourself an activist. You should know an activist works to improve the lives of the struggling third world country not push them further into poverty!!! In the end only you come out as a winner and earner to fatten your Swiss bank account from this whole fiasco. You are the one and only reason if any of this affected workers decided to take their life.I pray and hope one day you will be at the other end of stick when everyone finally realize you are a wolf in a sheep’s clothes!!!
715c is good collection? From the average price circa 2.60 and the sharp decline to 38c on bad news. Some brave investors collected at 45c to 55c, and operators pushed to 86c past few days. From 86c dropped to 715c, and it's a good buy?....or is it good bye?
If loss of 80% income effective termination of Contract in June 2022, there is still time to negotiate, market for others to fill the book orders. But until a clearer future, best is only at 55c (loss of 80% from 2.60)
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....
Devan
72 posts
Posted by Devan > 2021-12-22 17:04 | Report Abuse
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