Guys, Eddie is the black sheep here who is trying to force the other 2 brothers out. The 2 brothers are innocent. How would I know? Because I'm one of the employees in the company. Seriously lah, all the employees here are supportive of the 2 brothers, Eddie has been the one cooking nonsense. With all honesty, think how would the 2 brothers who is quite wealthy be charged for some thermal paper rolls and one toyota car issue. Its not as though they have siphoned millions of dollars. And the suspension date was given on 29th Dec year end and he only gave the 2 brothers 1 working day to respond before suspension. All the employees here are supportive of the 2 brothers and I'm writing here because of Eddie's nonsense and politics.
Yes correct Besafe, Eddie's a pariah in this company. Almost everyone hates him for the politics and underhand method he plays. Not just to the 2 brothers, but also other employees who were forced to leave.
And fuyohpuyo, just to give you some inside info, Eddie sold large amount of shares immediately after he has inside news Revenue did not get the digital banking license. Its insider trading. All employees know.....he sell first before news is made public.....
Honestly no need to fight. EGM will know the outcome.... Since there are employee for Rev, i think the relative who also bought their share (not sure consider insider trade or not) but just bring everyone to there and vote.
MACC is triggered by "Datuk" Eddie lah. Just see the dates yourself. The 2 brothers got remanded on 26th January all the way to 28th January. Why these 2 dates? If you read the EDM notice it says "For the purpose of determining who shall be entitled to attend this meeting, the Company shall be requesting the Bursa Malaysia Depository Sdn Bhd to make available to the Company, a Record of Depositors as at 27 January 2023." It specifically states the 27th January...why? Because Eddie already knows the 2 brothers will be remanded MACC and this will prevent the 2 brothers from being able to buy more shares to overturn the EDM. Think how much he paid to make sure it happens....and think now who's the one playing underhand politics....vote with Eddie, your share price confirm goes down to 20 sens
well, not trying to involved at this forum fight but will attend for EGM to vote. Hope that everyone make the wise move, Just an advice for everyone, vote by company level if you guys really care about share, at least spike back, still manage to cut down the losses or making changes.
The winning formula is who has more shares then who will be the boss… simple as that.
But life without drama is boring… so my popcorn questions is… the allegation that the paper is real or not? And who is actually driving the car? Can any kind hearted soul give us these “insiders” info?
At the start ZephLim19 seems (legit) You said All the employees here are supportive of the 2 brothers and I'm writing here because of Eddie's nonsense and politics (if you only wrote until here).....
I am not sure forum have such thing called keyboard warrior or not but when a new account told me, this and that and he looks experience, there are some motive behind this - or Maybe the Ng's brother want to (flush out) what public talk about them. I don't know...
Brainless ZephLim19....fake account and want to fake as Revenue employee, If you really is Revenue employee then you will know how bad the Mr Brian perform in the past few years. Always said no resources no time and treat the operation team pretty bad. Biscuits limited, Maggie limited, Milo limited, snack tak ada. Set his own salary and his close guy salary high.... Memang kaki busuk
Emotionally speaking, if, there are any employees here that are truly attached to Revenue, he or she may be more attached to the 2 directors as their relationship are closer (dont forget, those 2 are in the backend)
It is always the corporate guy who does the whistleblowing that looks bad lol, sad
My 1cent view… it is interesting to see the director saying the company need a better corporate governance when in fact, the same director is holding multiple functions within the company.
Perhaps SC should set a rule that director cannot hold any role within the company, do not handle finance, do not handle operations, do not handle administration, do not handle IT, do not handle business.
You can get the king, the judge, batman, superman, wonder woman, the priest, the nun and the monk to sit in the board, but when you have unchecked power in the day to day affair, this is where potential corporate governance lapses will creep in.
Popcorn question… so no one can confirm whether the thermal paper allegation is real or not, but can the “employee” confirm there is at least toilet paper provided?
Bank Negara announced on 29th April the winners of digital banks. Eddie disposed 5,883,000 shares on 28th April - insider trading. You still have faith to vote for this guy when he's front running all of you?
When the Director is elected as an ED or Executive Director, then he is allowed to multitask ,act at several roles and perform various functions within the Organisation . Basically , he /she is a one man show in control of and overseeing everything ,accountable to BOD. If BOD is not happy with his performance, BOD can exercise its power to remove him as ED but he remains as a Director . The Due is faced with the removal of Directorship in the upcoming EGM ,which is far more serious..
The duo already have shareholding of 23%++ .All they need to lobby is another 28% supports from other shareholders . Increasing own shares is one of the ways. To secure supports from other shareholders in particular the major shareholders is another way....
Whether the duo can secure the supports of another 28% is a turning point for them in the upcoming EGM. They way it goes , the duo are against all odds unless a miracle happens.......
Well, a miracle is a miracle. It can or it cannot happens too.
But, it will definitely be not a good move to divest to proptech. Where have all the profits gone to in the first place? Shouldn't it be invested in R&D? Shouldn't be there an update to the R&D ?
If such an update also hard to provide, would you even trust it with divesting into proptech??????
Eddie is one case, duo is one case, but get involved with MACC is another big issues to market. Do you still think the reputation going to be good for revenue. Think twice, company level or the duo ?
Revenue Group’s latest earnings result was released on 29 Nov 2022. This is the first time the company has announced a major loss. And guess what? Eddie Ng has sold 4,225,300 shares a few days before the announcement. After he sold, share price collapsed from 92 sens to 66 sens. This is insider trading. You still have faith to vote for this guy when he's front running all of you?
Bank Negara announced on 29th April the winners of digital banks. Eddie disposed 5,883,000 shares on 28th April - insider trading. You still have faith to vote for this guy when he's front running all of you?
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
ZephLim19
20 posts
Posted by ZephLim19 > 2023-02-02 15:39 | Report Abuse
Guys, Eddie is the black sheep here who is trying to force the other 2 brothers out. The 2 brothers are innocent. How would I know? Because I'm one of the employees in the company. Seriously lah, all the employees here are supportive of the 2 brothers, Eddie has been the one cooking nonsense. With all honesty, think how would the 2 brothers who is quite wealthy be charged for some thermal paper rolls and one toyota car issue. Its not as though they have siphoned millions of dollars. And the suspension date was given on 29th Dec year end and he only gave the 2 brothers 1 working day to respond before suspension. All the employees here are supportive of the 2 brothers and I'm writing here because of Eddie's nonsense and politics.