1) Ariantec (Netx ) is Exinda WAN networks sole distributor since 2011 but ended on 2015 .. now is only doing on confirmed project basis...
2) Ariantec ( Netx ) only secured 2 broadband project from 2011 to today 2020:.. a) TM project order on 2011.. b) Indonesia project order on 2013 .. changed company name .. reannounced on 2017.. in between kena 2 time Qualified Opinion from external auditors..2 CFO r resigned n external auditor is resigned... new external auditor is resigned on 2019 which FY19 is extended to Nov2019 .. like 2013 no annual report..
3) TM awarded 2018 broadband installation n restoration contract order to Opcom valid until Dec2019.. not netx..
4) new website Mission Statement is changed .. not as per calv. said..
5) new website own project which reflects company image n reputation.. facts is delayed by more than a month..Poor Quality : About Us n Products/ Services r same contents.. announcement only loaded year 2019 but until Nov2019..even Q6 report on 31/1/2020 is not loaded but temperory website is loaded Q6 report on same day 31/1/2020... why no resources to do ‘‘tis small project?...
6) RM 72.7 million is amount owed by subsidiary companies since 2012 to 2018.. not a single sen being pay back ...
7) always have cash Rm 34 million but why so desperately fund raising with ESOS .. too frequently n in too short of time .. why esos 50 mil then another 50 mil .. just for 2 mil cash ?.. why no money to reward good employees?..
8) 1 billion PP ex 850 million shares under 4 batches with ex price.. 0.0116..0.0136..0.0180..0.0189..who will laugh to the bank..
9) Credit Suisse ..hold over 165 million shares.. fr 1 batch of 1 billion PP ex price 0.0116.. why no subscribe all 4 batches ..want to buy fr open market with higher price.. to be a sorchai??
10) ED SiS 688 million shares ex ard 0.03 in 2018..not a substantial holder .. why?...
11) Macquarie 500 million shares 0.039 in Jan2018..
12) every year is Loss .. FY18 loss rm 18.3 mil.. FY19 loss rm29 mil ..
13) GEM Hong Kong partner 2go trading is ceased operations since 2016 .. signed with its subsidiary 2go Tech on June2019.. why still made Huge losses!.. now change to GEMspot then to GEMspotPro .. Q6 no revenue fr GEM?..
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....
Lukesharewalker
6,535 posts
Posted by Lukesharewalker > 2020-02-07 15:56 | Report Abuse
More than 40% of paid up turnover, so many selling....?