yklohIt will take some time for the "facts" to emerge. Both sides will file allegations, replies (usually denials) and counter allegations. This will go on for at least a few months. The court then determines what is the "truth", and that will take a couple of years at least. And there will be appeals and cross appeals and that will take another couple more years. We will lucky to know the final truth in five years. One thing for sure, there will many other suits connected with this matter. There will certainly be moves to kick TPY &... out of the board and this may trigger a boardroom battle for control of the company and this may prove to be good for the small investors. One person has yet to emerge as defendant for failure in his fiduciary and other duties to the company. He is non other than Chong, for being the MD, he owes more duties and any other persons to safeguard the interest of the company and on the surface of it he has failed to do so. All the 3 protagonists involved in this saga should leave the Board until the final outcome is established. Expect dramas but be patient.
lcng123a rubbish company I even seen. how can be so easy be cheated especially for the md like chong, a man who running business for so many years.
OldstorySo stupid 2 young lamb dont even know their partner wants to trap and job them? Many years in business when turn dark side evil will still takes control. Who said any bad deed only cause by bad people? Situation and emotion could turn anger to courage and overtake guilt. Nobody believes one sided story. At least now balance out. Hope both time to find solution instead of picking each other mistakes. Both start together solve together else sure die together.
OutsiderThe boss is too angry not because the duo fella but environment turns he has no control and no other ways to find better solution. I was told he knows everything right from beginning and he started by inviting them to take over old bosses shares. Everybody was questioning where the boss gets the two from and why they come in. Later found out different arrangement between boss and the duo, nobody knows what is going on except follow boss instructions. Then the oil comes. All planned and so fast. My friend works for him for many years, he said boss is the only decision maker and very successful if keep it small circle. Reality is not that simple, not everyone can give and take. My investment now is 33% burnt. Blame who? Myself!
OldstoryUS market is up. Hopefully P recovers more, regardless the basic bottom line is still good. Cannot cut lost right now. Too low.
Amao MaoRegardless, my entry was 90 sen :P But still, expecting decreased, if not outright zero dividend declaration next month :(
muscleoredi sold n cut loss... hilang faith in this counter... im expecting more bad news coming out.... so share px wil continue down down dowm to abys....
Banker1965Few brokers talk about this company like soap opera despite the seriousness. Was told 50-50 investors believe some part of the news, but almost 100% believes 3 of them were in bed together helping each other to buy out the previous owner. Either party in trouble neither would get out clean. Pitty.
Banker1965The price will fall if either side fights, winner or loser will end up lost money when losing side sell all shares, end up both down under. Lost lost game. Run!