Faith or no faith, just restore the share price level to before digital license, then I gib one like sama yitu BWK! If cannot do, then just move on and let the professional handle this co. Great business model, but if cannot progress and move forward and capture more market, might as well close shop.
Actually saying insider trading is not making sense, if common sense Eddie should acquire before the digital license run and collect more and throw during the winner of digital banks but track back the record, before that he is also release his own shares and if you would really saying so Dino & Bryant also disposed the share at April 2021 which is the most higher price of Revenue share price so Is this also consider a concern that should explain to investor ?
Just being fair to everyone. Not side to any parties here. Share price sold during high time or dispose is not the main concern. Macc might be Eddie do something or anyone reported. I No care. Just one question ——————————————————- why moving out company’s asset ?more than 30 box …..
MACC is very professional. They dont simply nip anyone without concrete proofs of wrongdoings. The next step for them is to charge the duo to Court. To salvage the corporate image of Revenue , it is good to remove them from directorship before initiating the charge.
Anyway, the duo are welcome back to the Board if they clear their names in Court. In Malaysia, though you are innocent until proven guilty , in the eyes of the public, you are guilty until proven innocent. Thats why the duo must be removed from Directorship in the upcoming EGM held at 10AM after which, they remain substantial shareholders . The duo in the capacity as shareholders have called for EGM to be held on the same day ( 4PM ) to remove the entire BOD. To be successful to pass through both Resolutions at both occasions , it requires 51 %. The Duo has already got 23%++ in hand, they require another 28% which seems to be a daunting task to the duo.
another 28% seems like a miracle to me, directors that loses credibility should just step down from their role, now all the fuss just make themselves to look like a fool
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?
Looks like the duo bros very panic and scare now. So send their 'keyboard blower' come talking nonsense....funny fake "employee". MACC must have evidence then only will jemput minum. I think better you ask your duo boss be wiser and think for future. Let it go lar, let this funny show faster end and business back to normal. Market bullish now but you're blocking people to earn money pulak
The company is deteriorating. As an employee we know how the monthly financials are performing under Eddie's watch. Don't believe? Wait till the next quarterly results are out. And before that, see if Eddie will dispose any shares and front-run all other shareholders or not. He has done it when he knows the company has lost the digital bank license. He has done it again before the latest quarterly results. He will do it again before the next quarterly results. As a clue for other shareholders, go check their latest financials and look at 2 items 1) Accounts receivables and 2) Inventory.
Last i check… the directors that had intention to deal is… Leong Seng Wui, Lai Wai Keat… and… and… deng deng deng… Ng Shih Chiow and Ng Shih Fang… whoops….
cant depend on others to win a battle. 2 ways to win in an egm 1) get a credit line and buy more shares in millions n millions 2) get big funds and shareholders to support No other ways
I also a bit confused but sudden *employee* is not convincing
But there are some suspicious point.
1) new account, all the way just to protect the duo ?
2) there are no explanation on the item that moved out from company.
3) front run case is the big concerned ? I not sure, but treat yourself as management, all same. The duo did sell lots of share at the highest point too. Check back the record at 2021.
4) Also, randomly bringing in *stranger* to company just to take the company asset. House doesn't need rules but doesn't means company dun need to follow.
Stock: [REVENUE]: REVENUE GROUP BERHAD 1 day ago | Report Abuse 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 by ZephLim19 --------------------------------------------------------------------------- And this comment, are you trying to said MACC is not doing fair- Underhanded politic ? (Contempt of court)
Vote with Eddie - share price will confirm go down 20 cent ? Are you trying to threaten the investor also ?
Abang Adik trying to send troops to telling investor how *innocent* they are. I am not sure Any eddie troops here but don't trying to fool investor, we make our decision. Case by case. we are talking about Stolen item and MACC, Don't said Underhanded politic, if najib no did wrong, macc also won't involved. Same go to the brothers, You no do wrong, MACC belanja you go drink coffee ? So free ?
A cow is a cow and an ass is an ass . No matter what is said ,a thief is a thief. PLC is different from Pte Ltd. Do the Duo understand what corporate governance and fiduciary duties of directors in PLC are ? They are rich but bankrupt in characters.
Now that the apple is getting rotten with maggots , the maggots must be removed from the apple immediately.
The Apple is hollowed until no flesh remaining??? Still have time to salvage Rev. I pray for Rev. Go to h*ll to the culprits Of Rev.
joyvest A cow is a cow and an ass is an ass . No matter what is said ,a thief is a thief. PLC is different from Pte Ltd. Do the Duo understand what corporate governance and fiduciary duties of directors in PLC are ? They are rich but bankrupt in characters.
Now that the apple is getting rotten with maggots , the maggots must be removed from the apple immediately.
apparently datuk david goh, operator behind dino and bryant, pledging support in exchange of controls in revenue to move into property development, haha, market manipulator vs macc now lol
Wolves gobbling one another before EGM. Who is telling the truth and who is lying? The one who is lying is going to Holland for exile for good and the one who is telling the truth will helm the ship to the right direction. As the duo are still significant shareholders , there is no reason for them to sabotage the Company and depress the shares. It is good to cast the dark cloud and make the sky clear..................
The 30 boxes that Dino took are all evidences of crime related to Eddie Ng. Just see the scanned documents here yourself, they are all scanned as evidences incriminating how Eddie stole money from the company and siphoned it away to benefit himself, his wife Connie Yong, his daughter Felicia Ng and son Cliff Ng. Now the evidence are brought to light, do you still want to vote for Eddie Ng, who is taking money away from shareholders like yourself and benefiting his wife, daughter and son? https://klse.i3investor.com/web/blog/detail/revenueinside/2023-02-05-story-h-299213580-Eddie_Ng_Related_Party_Transactions
Wow!!! What a 180 degree turn. Regardless who is the wolf and sheep, I won't be touching this counter. Not even with a 10 foot pole. Bursa is never short of excitement and drama. Will tomorrow gap down? I sympathize my friend which hold at an average of 1.60+ and invested almost 100k. He ask for advise and I don't even dare to give any.
There is nothing's wrong to have related parties transactions as long as they are transacted in good faith and at arm's length i.e market value and provided that the related parties transactions have been properly disclosed in the financial statement in accordance with general acceptable accounting standards.
It is preposterous to learn that the duo have claimed to have no knowledge of such transactions. The Agreement has been duly executed and disclosed . The frequency of making payments to the related parties was more than once and in fact several payments. Hence, it is hard to believe that the duo have claimed to be unaware of it .
Another fishy thing is that the " Employees who revealed the so called " insider news" must be from top management and had access to that insider news. Are these employees not subject to be bound by the non-disclosure clause in their contract of employment or the so called " Employees" are basically the directors themselves?
@ZephLim, thanks for sharing the info in your link. I saw a name there as ku** h*** n*i. This person became direktor sejak bila ? Curious as this person held job manyzer in some bigshot MNC firm till 2O2O. So was really curious, wouldn't it be overlapping and conflicting.
Rupa2nya takde sorang pun yang baik. Semua nakal2 belaka. Sandiwara jer banyak. Please reveal more, dengki la duit sudah guna, tapi orang lain guna untuk buat benda lain, jilake.
And I saw "Pama Solutions Sdn Bhd – 201901034006 (1343336-M)" 20190103 means registration time ? Means someone have conflict of interest if holding a post of Director while also working in Multination@l co? Can being employed somewhere and holding direkt0rship be conflik ka? Apa macam ni? How can all this happen one.....
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....
redhotpepper
758 posts
Posted by redhotpepper > 2023-02-03 13:39 | Report Abuse
Faith or no faith, just restore the share price level to before digital license, then I gib one like sama yitu BWK! If cannot do, then just move on and let the professional handle this co. Great business model, but if cannot progress and move forward and capture more market, might as well close shop.