Suspend next week Tuesday, Monday last day to think u want to hold or not Later face the same fate like golden plus Suspend and delisted on the next day Money forever sticked in Sarawak con ikan berbad Wakakakka
Should the Audit and investigations turn up fraudulent activity, then I believe the shareholders who lost money can sue the members of the Board personally. The Chairman in particular made pubic statements that there was nothing wrong. If the Directors they made such statements which they knew (or should have know) were blatantly incorrect for the purpose of discouraging the sale of shares by investors, and or fraudulently encouraging investors to purchases shares on reliance of the statements publicly made, then I expect they are liable personally for their actions and will be required to make good such losses.
losing the phone is okay as you wont be reminded daily. getting your money stuck in shares you cant trade with paper loss every day, that is something else
One way to save this from the spark of SD is the sub to cease to be a sub. Same goes to KPower.. But to do so, much lower prices will come.. to be or not to be the sub.... we are trapped in both ways...TAYOR.
there are 2 fellows in this forum that held millions of xingquan FRAUD shares. U can ask them how much they get after suing the directors, auditor, and bursa. The answer is ZERO.
In MSport, 2 new major new shareholders (lawyers) who took over the company to help other shareholder to sue previous fraud directors, end up being FINED by Bursa.
How much shareholder got back from Transmile, Megan media, Welli Multi, etc ? Another ZERO.
In share market, there is no new or old shareholders. Shareholder is shareholder, is ONE entity. Who VOTE in the FRAUD director. YOU.
Who provide False data to AUDITOR ? The FRAUD director that YOU VOTED IN.
Why U (shareholder) voted a FRAUD directors in ? It is YOUR FAULT. Bursa could SUE u for voted in a FRAUD directors. No ? Are u sure ?
The cost to file is only RM 8.00 and you cannot use a lawyer and neither can the persons you name in your suit (chairman and director's) so it will not cost you more then time and parking fees. The parties you name in your suit must attend personally or risk a summery judgement against them. They cannot use their lawyers, they must attend personally.
So its a simple matter of filing your self (just follow the instruction on the site above) then going on the allotted day bring along your proof of loss and explain to the magistrate what happened. You should show the newspaper cuttings of the public statements made, and prove how much you lost. Unfortunately even if it more then 5k you can only claim and win a maximum of RM 5,000 using small Claims Court.
The Magistrate may then question the Directors and if the Magistrate so chooses award you your money. It a big hassle for 5k, but its also a big hassle for the persons you sue, and most like they will just send you a check to settle the matter rather then have to attend and risk a very having damaging a judgment recorded against them in the Court records which will forever.
The director will say, he did not sell u the shares. It is the other shareholders who sold u the shares. U bought the share from the other shareholder, not from him. Can u prove the share u bought is the share the directors dispose ? How many cases that shareholders successfully claim or had claim ? ZERO.
there is no law say "also for longer period" U mean after buy cannot sell ? Cannot take profit ? Cannot cut loss ? Must wait longer ?
Rule number 1 is to not lose money. Buying a FRAUD company is to lose money. U won't last long in investing or trading if u cannot cut loss. CUT LOSSSSSSSSSSSSSSS NOW !!
who want to go thru long ass lengthy small claim court procedure when you can just avoid the HUGE RED ALERT? die die must buy and risk and stress urself meh
Ieno: No, all you have to do is show you bought your shares relying on the statements made. The Directors are personally liable for statements they make. No need to show who you bought from. If you claim you bought because of their assurances then they must attend Court and prove they did not know, then they will have to explain why they did not know and if they did not know why they claimed they did. Very inconvenient for them, and rather embarrassing. If I was the Director I'd pay you the 5k and settle.
If I am not mistaken, there were quite some number of listed companies on SGX which were suspended 10 years ago now still remain suspended; my money still stuck there (though it is not much).
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....
LossAversion
1,727 posts
Posted by LossAversion > 2021-11-05 09:49 | Report Abuse
@Posted by leno > Nov 5, 2021 9:47 AM | Report Abuse
How many share sthe Sarawak State government is still holding??? State Election in January?