vinvinNow the company can make better profit................no need to share!!!
vinvinOther directors of this company in charged of projects n other businesses also have to be checked of their activities so that profit must not be misused!!!
Apple888This stock really capable...well supported even director in court.jack in the making
leslieroycarterIt was once traded 60c , now it is a real penny stock of 10c....
FlybytheniteSo this case, the MD damn innocent? Even if 1-2 kakitangan korup, they still can't manipulate the co profit. Where the millions go? MACC kena dig deeper lol...
Best change the whole Board of Directors! Clean start.
Posted by vinvin > Jan 20, 2017 05:06 PM | Report Abuse
Other directors of this company in charged of projects n other businesses also have to be checked of their activities so that profit must not be misused!!!
PavillionAccording to news the kickback is 2.5% of gross sales that could equal to more than 12% of net profit. That why got contract also no profit. Now without TSJ .....don't think anybody there capable to secure big contract. TSJ = Iris.
FlybytheniteWhat for get big contract, no profit! Btw, No one is irreplaceable. And this is a public co.
Apple888Tsj....will be bek with another new advisor...dun worry
FlybytheniteBtw, according to this news http://www.thesundaily.my/news/2135192 It does not expect the remand of Hamdan to have any implications on the validity of the contract and the e-passport project nor any material effect on the earnings and net assets of the company for the financial years ending March 31, 2017 and 2018.
Pending the finalisation of the investigations, COO Choong Choo Hock will take over Hamdan's duties and responsibilities as acting CEO of Iris Corp.
PavillionSure no impact on FY, corruptions is their own doing unless MACC investigate and find out it with co blessing/approval......then different story.....even cos like Rolls Royce, Airbus are doing.
The main issues is leadership and continuity of co growth....sure they will find replacement.....but that will take some time...Choong ... .emmm you can judge by his performance in Koto.
ZillionsYou should see hamdan wearing the "Lokap" orange t-shirt in the news hahaha
ryan7642http://www.thestar.com.my/business/business-news/2017/01/20/iris-corp-deputy-md-arrested-over-epassport-project/ feel bad to recently investor on this share may get trap soon.
ryan7642for short term impact perhaps at range 15-20% drop..technical play to cut short the trap time perhaps..good luck folks..
27055825This is the tip of the iceberg Hamadan issue alone cannot cost the company huge loss With so many big projects announced in the last 3 years Papua New Guinea, mining ,felda agro , fertilizer plant and the list goes on TSJ was in charge and he has made many statements to the press So who ???? Is actually responsible???
27055825What about all the hype of PNG project that TSJ is so proud of!!! Who is his right hand there??? Where is all the money?? Come on guys nothing came out of the projects What happened to all the investment The CEO TSJ should be accountable to all investors!!!!
coolingall these cronies...avoid putting your money here
27055825dont be distracted from Hamdan's case which is only few hundred thousand from bribes. The multi millions operational loss of Iris is still during the helm of TSJ!!!!!!!!!!!!and his cronies. Hamdan is not the man responsible for Iris big loss and share price drop,his case is only the New Guinea project. Do not forget, Iris lost money in many other projects!!?????????????
flytothemoonsince years ago I non stop saying tons of projects but pitiful revenue and profit iris sure got ghost, now proved that not ghost but bribe... vinvin, you just never want to accept the truth
27055825The bribe doesn't hurt Iris cash flow and revenue It's the investment losses ??? Let's hope macc will dig deeper into Iris other projects to Expose the real culprits It's not fair for Hamdan to take the whole blame His problem is only taking bribe from third party There is a bigger fish with cronies doing the job!!!!
27055825The edge is passing judgement without going deeper into Iris operational losses and who should be responsible.!!! The edge report is bias and not responsible as there are still a lot of explaining by Iris on the losses not transparently reported!!!
27055825i.e. The PNG project , the mining licence , the Solomon projects, the felda agro n housing project , the Bangladesh projects , the tax refund contract and the list goes on .....
27055825Lets hope Tan Sri Shahrir order further investigation into Iris losses before the real culprits get away free and enjoyed their ill gotten gains from manipulating all shareholders for the last few years. Its all written on the wall!!!!!