CapitalA: Follow up email on “increase effective stake from 40% to 100% in Philippine Air Asia”Author: Sslee
Send 11 Sept 2023, 07:43
Dear Bursa,
Without a CORPORATE GOVERNANCE CHECKLIST FOR COMPANY IR AND IBs ANALYST on how to respond to investor enquiry, investors are at their mercy whether the Company IR and IBs Analyst will respond to investor enquiry.
A week has passed and neither TA Analyst nor CapitalA IR responded to my email. Hence I was forced to do some study on 2Q2023 - increase effective stake to 100% in Philippine Air Asia
The airline is a joint venture between three Filipino businessmen and AirAsia. 60% of the airline is owned by Filipino investors Antonio O. Cojuangco, Jr., former owner of Associated Broadcasting Company and owner of Dream Satellite TV, Michael L. Romero, a real estate developer and port operator, and Marianne Hontiveros, a former music industry executive and TV host.[25] The remaining 40% is owned by AirAsia Investments Ltd. (later AirAsia Aviation Limited) of Malaysia.[7] The Public Service Act of the Philippines, prior to its amendment in 2022, only allowed a foreign direct investment of up to 40% in Philippine-registered airlines.[26]
In June 2019, Romero's F&S Holdings bought the shares owned by Alfredo Yao and Hontiveros, thus becoming the new majority shareholder in the company. Four months later, Romero acquired Cojuangco's shares, becoming the sole local owner (and parent company) of the airline.[4] In June 2023, F&S Holdings sold all of its shares to AA Com Travel Philippines for an undisclosed amount.
From CapitalA Annual Report 2022
Page: 299 to 300
Proportion of equity interest held by non-controlling interests
Name of entity: Country of incorporation: Group’s effective equity interest FY2022 %
Philippines Airasia Inc. (“PAA”): Philippines: 40.00
Accumulated balances of material non-controlling interests:
2022: RM ‘000
PAA: (2,226,942)
Total comprehensive loss attributable to NCI income for the financial year
2022: RM ‘000
PAA (349,719)
PAA: Balance sheet:
2022 RM ’000
Non-current assets: 709,801
Current assets: 357,236
Non-current liabilities: (1,021,560)
Current liabilities: (3,100,251)
Net liabilities: (3,054,775)
From CapitalA: Second quarter report ended 30 June 2023:
Page 4:
As at 30/6/2023: As at 31/12/2022
RM ‘000: RM’000
Capital and reserves: Share capital: 8,659,652: 8,654,977 Merger deficit: (5,507,594): (5,507,594) Other reserves: 266,894: 204,020 Foreign exchange reserve: (1,657,962): (153,308) Accumulated losses: (10,151,810): (8,923,188) Equity: Shareholders’ equity: (8,390,820): (5,725,093) Non-controlling interest: (1,813,867): (3,791,865) Total equity: (10,204,687): (9,516,958)
My question to Bursa how can a deal involve undisclosed sum to “increase effective stake from 40% to 100% in Philippine Air Asia” that transfers about negative equity of RM 2 billion from Non-controlling interest to Shareholders’ equity and about RM 1 billion addition accumulated losses be allowed and how the deal can help shareholders’ equity to uplift CapitalA from PN17?
Criteria that trigger Practice Note 17:
(a) the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders' equity is less than RM40 million; More importantly referring to Bursa rules: PART D – ACQUISITIONS AND DISPOSALS
10.05 Requirements for transactions with percentage ratio below 5%
(1) Subject to paragraph 10.08(1), where all the percentage ratios of a transaction are less than 5% and the consideration is satisfied in cash or unquoted securities, no announcement of the transaction to the Exchange is required.
(2) If the listed issuer wishes to voluntarily announce the transaction to the Exchange, the listed issuer must include –
(a) the details of the consideration;
(b) the particulars of the transaction; and
(c) a statement that the directors, major shareholders or person connected with them have no interest, direct or indirect, in the transaction.
(3) Where the consideration for the transaction is satisfied wholly or partly in securities for which listing is being sought, the listed issuer must immediately announce the transaction in accordance with paragraph 10.06.
10.06 Requirements for transactions with percentage ratio of 5% or more
(1) Where any one of the percentage ratios of a transaction is 5%, or more, the listed issuer must announce the transaction to the Exchange as soon as possible after terms of the transaction have been agreed. The listed issuer must include the information set out in Appendix 10A in the announcement.
(2) The listed issuer must also furnish the Exchange, in a separate letter, the percentage ratios applicable to such transaction.
(3) Subparagraphs (1) and (2) do not apply to a transaction where the value of the consideration of the transaction is less than RM500,000.
10.07 Requirements for transactions with percentage ratio of 25% or more
(1) Where any one of the percentage ratios of a transaction is 25% or more, in addition to the requirements of paragraph 10.06, the listed issuer must -
(a) issue a circular which includes the information set out in Appendix 10B to its shareholders; and
(b) seek shareholder approval of the transaction in a general meeting.
(2) The listed issuer must submit the draft circular to the Exchange together with a checklist showing compliance with Appendix 10B.
(3) Subparagraphs (1) and (2) do not apply to a transaction where the value of the consideration of the transaction is less than RM500,000
10.08 Related party transactions
(1) Where any one of the percentage ratios of a related party transaction is 0.25% or more, a listed issuer must announce the related party transaction to the Exchange as soon as possible after terms of the transaction have been agreed, unless -
(a) the value of the consideration of the transaction is less than RM500,000; or
(b) it is a Recurrent Related Party Transaction.
The listed issuer must include the information set out in Appendices 10A and 10C in the announcement.
2) Subject to subparagraphs (9) and (10) below, where any one of the percentage ratios of a related party transaction is 5% or more, in addition to subparagraph (1), a listed issuer must -
(a) send a circular which includes the information set out in Appendix 10B and Appendix 10D to the shareholders. The draft circular must be submitted to the Exchange together with a checklist showing compliance with Appendices 10B and 10D;
(b) obtain its shareholder approval of the transaction in general meeting; and
(c) appoint an independent adviser who is permitted to carry on the regulated activity of advising on corporate finance under the CMSA, before the terms of the transaction are agreed upon
(3) The independent adviser must, in relation to the transaction -
(a) comment as to -
(i) whether the transaction is fair and reasonable so far as the shareholders are concerned; and
(ii) whether the transaction is to the detriment of minority shareholders, and such opinion must set out the reasons for, the key assumptions made and the factors taken into consideration in forming that opinion;
(b) advise minority shareholders on whether they should vote in favour of the transaction; and
(c) take all reasonable steps to satisfy itself that it has a reasonable basis to make the comments and advice in subparagraphs (a) and (b) above.
Bursa enforcement should be very familiar with Bursa’ rules and regulations covering ACQUISITIONS AND DISPOSALS.
I would like to ask Bursa Enforcement, why no questions asked nor action taken against CapitalA for flouting Bursa’ rules and regulations on ACQUISITIONS AND DISPOSALS?
Thank you
Dear Datuk Muhamad Umar Swift,
Bursa Malaysia CEO
You have my full support and sympathy in trying very hard to make Bursa an efficient, vibrant, fair and orderly market. But unfortunately if Bursa solely or too depends on corporate voluntary disclosure and less on Corporate Surveillance, Governance and Enforcement then I afraid I can’t help but agree with the feeling and frustration expressed by i3investor commentator:
hulwan These kinds of shenanigans, and then they wonder why our Bursa is in the doldrums
There are too many corporate shenanigans happening in Bursa listed companies and Bursa is in the doldrums.
Bursa can never be an efficient, vibrant, fair and orderly market as Datuk Muhamad Umar Swift’ envision it to be, unless all the stakeholders of the capital market come together to do something positive.
Note: Presented with same set of financial figure/data most likely than not Company IR/Management and IBs Analyst will interpret the figure/data not by their professional unbiased opinion to tell the truth but by their biased view bending the truth to accommodate company or IBs vested interest narrative as fact This is why there is this saying “Figure don’t lie, but liars figure” I can’t blame the Company IR/ Management or IBs analyst as they get their salary and bonus from their employers. Hence it is important to make IBs analyst and Company IR/Management accountable and answerable to investors’ enquiry
Thank you
Have a good day
Best Regards
Lee Soon Sheng
Labels: CAPITALA  Be the first to like this.   The_JQuestion no comment. if u even get any reply, pls share :) . if not pls continue to spam them 10/09/2023 9:23 PM The_JQuestion pls do it... i nvr see anyone wanna lose their fortune in the most interesting way :)) 10/09/2023 10:13 PM  Sslee Good morning i3lurker, I will rather spend RM 500,000.00 to sue Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for: 1. Gross negligence and failure to perform their fiduciary duty; and 2. Complicite in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus Can you recommend a good law firm? Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for gross negligence and failure to perform their fiduciary duty? Note: Referring below SC announcement https://www.sc.com.my/resources/media/media-release/sc-reprimands-three-china-based-companies-and-says-retention-of-four-directors-prejudicial-to-public-interest The SC reprimanded Xingquan, its Executive Chairman and CEO Dato’ Wu Qingquan, Executive Director Wu Lianfa, former Non-Independent Non-Executive Director Ng Sio Peng and former Senior Independent Non-Executive Director Zhou Liyi for: -falsely recording a loss of RMB415.7 million from the sale of inventory by Xingquan’s wholly-owned subsidiary; -furnishing to Bursa Malaysia a false agreement between the said subsidiary and a third party; -furnishing false or misleading financial statements to Bursa Malaysia; and recording cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading. Why no actions were taken against Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for: 1. Gross negligence and failure to perform their fiduciary duty; and 2. Complicite in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus. 11/09/2023 7:14 AM Sslee Dear Sir, Reference is made to your e-mail on the above matter. We have escalated the complaint to our line department concerned for their further action. The assessment into the matter you highlighted may take time, depending on the complexity of the issues raised. However, we will undertake the necessary actions to ensure that your complaint is looked into accordingly and will take the necessary enforcement actions if there is any breach of Listing Requirements. As we do not play the role of ombudsman nor do we conduct arbitration, in the event of conflicts or financial losses, the aggrieved parties need to file the claims through the appropriate legal process in court. We will also make the necessary referral to other relevant authorities should we come across any potential breaches of other regulations / Acts (other than the Listing Requirements). Thank you. 11/09/2023 11:04 AM CapitalA: My emailAuthor: Sslee
Send out below email on 4 Sept 2023, 07:49
Dear Tan Kam Meng (TA Securities analyst)
Referring to your CapitaA report:
Quote;”The acquisition of minority stake in PAA has added RM2.4bn to its retained loss but the impact was mitigated by the RM1.4bn remeasurement gain from consolidating TAA operations. The increase in capital deficit would not derail its regularisation plan to uplift the company from PN17. In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24.” Unquote
My questions to you:
Question 1: From where you get the information, the company has submitted the draft document for consultation to Bursa Malaysia?
Question 2: What do you imply the increase in capital deficit would not derail its regularisation plan to uplift the company from PN17?
Question 3: Below are conditions to uplift the company from PN17, has capitalA done anything at all to comply with below conditions to uplift the company from PN17?
The PN17 regularisation plan must be in complying with the requirements under paragraph 5.4 above, the PN17 Issuer and its Principal Adviser must demonstrate to the satisfaction of the Exchange, the following:
(a) the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position; (b) the steps taken or proposed to be taken are comprehensive and capable of addressing the issues that had caused the PN17 Issuer to trigger the Prescribed Criteria, such that the PN17 Issuer will – (i) no longer trigger ANY of the Prescribed Criteria upon implementation of the regularisation plan; and (ii) not trigger ANY of the Prescribed Criteria in the near future;
Event that trigger PN17:
2.1 Pursuant to paragraphs 8.04(2) of the Listing Requirements, where a listed issuer triggers any one or more of the following Prescribed Criteria it must comply with the provisions of paragraph 8.04 and this Practice Note:
(a) the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders' equity is less than RM40 million; (b) receivers or managers have been appointed over the asset of the listed issuer, its subsidiary or associated company which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis; (c) a winding up of a listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis; (d) the auditors have expressed an adverse or disclaimer opinion in the listed issuer's latest audited financial statements; (e) the auditors have expressed an emphasis of matter on the listed issuer's ability to continue as a going concern in the listed issuer's latest audited financial statements and the shareholders' equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer; or (f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange
Question 4: Had CapitalA already done the below Prerequisite for you to write: “In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24?
(a) All agreements to be entered into with third parties as part of the regularization plan have been duly executed by all parties to such agreements; and
(b) where the regularization plan involves a compromise or arrangement with the PN17 Issuer's creditors, the PN17 Issuer has taken reasonable steps to procure the agreement-in-principle of such creditors.
Question 5: What do you mean/where do you get the information operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23?
As at 31/12/2022
Deposits, bank and cash balances: RM 469,985,000
Sales in advance: RM 1,428,011,000
As at 31/3/2023
Deposits, bank and cash balances: RM 589,594,000
Sales in advance: RM 1,546,450,000
As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000
Question 6: As at 30/6/2023: Deposits, bank and cash balances: RM 735,003,000. Sales in advance: RM 2,024,943,000. May I ask, using the advance sales/future revenue for current working capital how will that affect the future cash flow?
Question 7: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000), do you consider CapitalA is an insolvent company?
As a qualified and certified CFA your report should be based on your professional opinion/view on what was presented to you by CapitalA (Facts and Figures) and not your personal biased opinion. Quote; ”The increase in capital deficit would not derail its regularisation plan to uplift the company from PN17. In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24. The operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23” Unquote
Thank you
Dear CapitalA IR,
SEPANG, 29 August 2023 – Capital A Berhad (“Capital A” or the “Group”) today reported its unaudited financial results for the quarter ended 30 June 2023 (“2Q2023”).
The Group's relentless efforts have yielded encouraging outcomes demonstrating a steadfast recovery, through the core business operations having generated RM1 billion operating cash flow in this quarter. All four business segments - Aviation, Aviation Services, Logistics and MOVE continue to show strong growth, leading the Group to post Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”) of RM 462 million in 2Q2023, up 325% Year-on-Year (“YoY”) while revenues increased to RM3.2 billion, representing a 115% YoY growth
Capital A financial
- Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil
- Group operating cash flow over RM1 bil.
Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that under MFRS 16:
(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.
2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)
Cash flows from financing activities:
Proceeds from borrowings: RM 130,989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)
Question 2: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000, net current liabilities RM (11,938,731,000), what is CapitalA plan funding in the next 12 months to meet the obligation of net current liabilities of RM (11,938,731,000)?
As at 30/6/2023
Intangible assets: RM 4,698,958,000
Acquisition of a subsidiary:
Goodwill: RM 1,971,100,000
Landing rights: RM 1,971,900,000
2Q2023 - increase effective stake to 100% in Philippine Air Asia
An acquisition of goodwill of RM 1,971,100,000 sounds like a bailout for the non-controlling interest.
Question 3: Pre-acquisition what is the group effective holding in Philippine Air Asia?
Question 4: Pre-acquisition who is/are the non-controlling interest shareholder/shareholders?
Question 5: Is the deal a willing buyer, willing seller deal and why CapitalA did not publish the details of the deal?
Question 6: Looking at the dire situation of CapitalA balance sheet is “Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24” achievable or another request of extension in the making?
2Q2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 266,894,000
Foreign exchange reserve: RM (1,657,962,000)
Accumulated losses: RM (10,151,810,000)
RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity RM (10,204,687,000)
(a) the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position.
Thank you
Dear Bursa,
Reference is made to the Company’s announcements dated 8 July 2020, 27 May 2021, 7 January 2022, 13 January 2022, 14 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022,1 September 2022, 3 October 2022, 1 November 2022, 4 November 2022, 29 November 2022, 1 December 2022 and 21 December 2022, 3 January 2023, 2 February 2023, 27 February 2023, 1 March 2023, 4 April 2023, 2 May 2023, 1 June 2023, 15 June 2023, 30 June 2023, 3 July 2023, 27 July 2023 and 1 August 2023 (“Announcements”).
(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)
Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.
As announced on 27 July 2023, Bursa Securities had granted the Company an extension of time of three (3) months until 7 October 2023 for the Company to submit its regularisation plan to the relevant regulatory authorities. Therefore, the Company has approximately one (1) month to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same.
The Company will make the necessary announcement(s) regarding the development of the proposed regularisation plan accordingly.
This announcement is dated 1 September 2023.
Question 1:
The announcement did not mention the company has submitted the draft document for consultation to Bursa Malaysia. Can Bursa confirm whether capitalA did or did not submit a draft document for consultation?
On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 27 July 2023 resolved to grant the Company an extension of time of 3 months up to 7 October 2023 to submit its regularisation plan to the regulatory authorities.
The extension of time is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event:
(i) the Company fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023;
(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or
(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.
Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of the Company on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting
This announcement is dated 27 July 2023
Question 2: Will Bursa consider a third extension or Bursa will proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event CapitalA fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023?
Thank you
Dear Datuk Muhamad Umar Swift
Bursa Malaysia CEO
In my previous email I wrote:
I am more than grateful and thrilled when I read the link below:
Annual General Meeting CORPORATE GOVERNANCE CHECKLIST FOR SHAREHOLDERS
Co-author by SC, Institutional Investors Council Malaysia and MSWG
Since then I can see a sea-change in the way AGM was conducted. My many thanks to SC, Institutional Investors Council Malaysia and MSWG
Will SC and bursa working together with Institutional Investors Council Malaysia and MSWG come up with CORPORATE GOVERNANCE CHECKLIST in addressing?
1. How listed companies should respond to news, IBs analyst report and investor enquiry.
2. IBs analyst should include the briefing material, transcript of Q&A and interview as appendix.
3. How to prevent abuse on impairment of receivables to whitewash accounting fraud or siphoning listed company money to related parties, friendly parties or to own private company
4. Should SC informed the complainer the progress/status of complaint lodged with SC and Bursa (case still active or close with no action)
May I know any plan action by Bursa on my suggestion above?
I have a bad feeling that if Bursa proceed to suspend the trading of the listed securities of the CapitalA and to de-list the CapitalA in the event CapitalA fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023, many retail investors will loss their hard earned money, no thank to the IBs analyst and CapitalA IR giving them false hope that very soon CapitalA will be uplifted from PN17.
Thank you
Have a good day
Best Regards
Lee Soon Sheng
Labels: CAPITALA  i3lurker It has no meaning. It is very normal practise to submit a draft to BURSA first to review. BURSA is very kind, so wants to make sure that your trend of thought is on the right track and is inline with BURSA requirements to get approval. Otherwise last minute submit PN17 plan and everything is all wrong is already too late. BURSA treats listed companies as their friend. No meaning at all, normal practise. 03/09/2023 1:18 PM ykyew11 You might as well write to other IBs like Maybank IB, Kenanga and Hong Leong IB. Maybank mentioned that "Capital A will soon escape PN17" while Kenanga mentioned "It is on track to announce PN17 regularisation plan by Oct 2023", Hong Leong even increased their Target price from RM1.15 to RM1.45. If the analysts are more or less parroting the same thing, perhaps they have already been given snippets of the regularisation plan during the recent analyst briefing, hence why their outlook are still somewhat positive. 04/09/2023 8:37 PM BursaMaster121212 i read other broker reports, they also mention similar things like Capital is eying to lift up the PN17 by certain timeline.....not sure why SSLee only targets TA. I think he should write in to other IBs also. 04/09/2023 11:19 PM Sslee BursaMaster121212 i read other broker reports, they also mention similar things like Capital is eying to lift up the PN17 by certain timeline.....not sure why SSLee only targets TA. I think he should write in to other IBs also Nowadays even a qualified and certified CFA IBs Analyst swallow hook, line, and sinker what is presented to them during CapitalA IBs analyst briefing without question ask. ● Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24 That is why I suggest IBs analyst should include the briefing material, transcript of Q&A and interview as appendix. I only have access to TA and Kenangan Analyst report and I found TA analyst make so many fundamental error/mistake that even an accounting student should not make. By the way if you still holding CapitalA or thinking of buying CapitalA on the dip, my advise is whatsapp my email to your broking house or remisier and ask for their opinion. Note: My email is with below CC list: Investor Relations • investorrelations@ta.com.my samuel.y@maybank-ib.com mswatch@mswg.org.my aduan@seccom.com.my eeditor@bizedge.com kanagaraju.s@bizedge.com 05/09/2023 7:53 AM i3lurker Buying up minority shares in AAX to approve issuing 5 billion AAX shares to CapA members boosted it up to 2.00. AAX may go bust soon, if bad luck next 12 months covid or recession already insolvent, inherently loss making to begin with. fly more die more, more time more die => The good news is giving BURSA a fake solvency test is not a criminal offense. So as usual nothing will happen. 05/09/2023 9:49 AM ykyew11 "Nowadays even a qualified and certified CFA IBs Analyst swallow hook, line, and sinker what is presented to them during CapitalA IBs analyst briefing without question ask." Now you just sound bitter that the analysts didn't share the same negative opinion as yourself. How do you know what went on during the analyst briefings since you are obviously not invited or did you just made an assumption because they wrote things you didn't like? Give it a rest, your biases are showing. 05/09/2023 11:14 AM Sslee https://www.capitala.com/misc/2Q23-presentation-capitala.pdf Financial Results Briefing: Second Quarter 2023 29 August 2023 Capital A Corporate Highlights ● Capital A structure - starting in June 2023, consolidated Thai AirAsia - increased effective stake to 100% in Philippine AirAsia - enabling a more effective strategic alignment that fortifies AAGL’s market positioning. - better clarity on airline performance ● Capital A has arrived more than an airline - ADE raised USD100 mil - Teleport finalised USD35 mil loan - Superapp finalising a termsheet to raise USD40 mil ● Capital A financial - Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil - Group operating cash flow over RM1 bil. ● In 2Q23, operating 146 aircraft with remaining 54 aircraft aim to reactivate by end of 2023. Slower than expected reactivation progress was due to: - Shortage of aircraft components and cabin furnishings in the market - Aging aircraft require extensive maintenance services such as seat removal and comprehensive cabin interior overhauls Conclusion: More Aircraft for growth Aggressive Fleet Growth ● Fleet reactivation alone is not enough to sustain our growth trajectory. After reactivating our fleet, we need to grow the fleet further. ● Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors. ● We are also leasing 15 additional aircraft - 9 to be delivered in 2024, 6 in 2025. Fundraising Outlook ● Expecting to fundraise approximately USD800 million for aviation business growth through a combination of syndicated local club loan in Malaysia, revenue bond issuance and equity fundraise. ● Also expecting to close USD40 million for Superapp and potentially raise additional USD40 million for Teleport. Ancillary Income Drivers ● Successful experimentation with ancillaries flow and bundling expected to deliver accretive impact upon rollout beginning 4Q23. ● New ancillary products in the pipeline to deliver additional revenue opportunities. Growth Catalysts ● There is no bottleneck in terms of manpower resources for future fleet growth. ● In August Thailand has relaxed visa requirements for Chinese travellers, setting the stage for increased travel demand from China. PN17 ● Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24 05/09/2023 11:55 AM i3lurker anymore extension of time and CapA will no longer qualify for PN17 exit removal forever and ever as flying losses mount fly more die more more time more die 05/09/2023 12:47 PM Sslee As at 31/3/2023 Capital and reserves: Share capital: RM 8,659,652,000 Merger deficit: RM (5,507,594,000) Other reserves: RM 245,060,000 Foreign exchange reserve: RM (83,054,000) Accumulated losses: RM (8,866,093,000) Share holder RM (5,553,254,000) Non-controlling interest: RM (3,822,946,000) Total equity RM (9,376,200,000) As at 30/6/2023 Capital and reserves: Share capital: RM 8,659,652,000 Merger deficit: RM (5,507,594,000) Other reserves: RM 266,894,000 Foreign exchange reserve: RM (1,657,962,000) Accumulated losses: RM (10,151,810,000) Share holder RM (8,390,820,000) Non-controlling interest: RM (1,813,867,000) Total equity RM (10,204,687,000) Cash flows from financing activities: Acquisition on non-controlling interests: RM (52,061,000) Intangible assets: RM 4,698,958,000 Acquisition of a subsidiary: Goodwill: RM 1,971,100,000 Landing rights: RM 1,971,900,000 2Q2023 - increase effective stake to 100% in Philippine Air Asia An acquisition of goodwill of RM 1,971,100,000 sounds like a bailout for the non-controlling interest. Question 3: Pre-acquisition what is the group effective holding in Philippine Air Asia? Question 4: Pre-acquisition who is/are the non-controlling interest shareholder/shareholders? Question 5: Is the deal a willing buyer, willing seller deal and why CapitalA did not publish the details of the deal? i3lurker, Is it legal for CapitalA to enter to this deal that transfer more than 2 billion negative non-controlling interest equity, to equity of capitalA shareholders without any prior annoucement, publish the contract S&P terms and conditions, salient feature, what are the rational reasons for the acwuisition and how it will impact capitalA financial account post acquisition? Did CapitalA broke any Rule and Regulation of Bursa and SC? I will write an official complaint to SC and Bursa next weekend urging SC/Bursa to investigate the deal. 05/09/2023 2:02 PM i3lurker CapA assets are worth zero is it illegal to buy something worth zero and issue 5,000,000,000 AAX shares is up to willing buyer and willing seller 05/09/2023 3:19 PM Follow up email to Bursa “A Happy Hari Merdeka Malaysia August 31 2023”Author: Sslee
Dear Datuk Muhamad Umar Swift
Bursa Malaysia CEO
Follow up on my email dated: 26 Jun 2023
SC case: [Case: SC 2023-43278]
Bursa Ref: CAS-29571-D9G0X5
Subject Title: Follow up on my complaint: Armada, Kenanga Petronm, JAKS and Xingquan
On my previous email, I wrote on Boustead Plantations Bhd (BPlant) case:
The Edge Malaysia as business news portal has every right to chase and report business unconfirmed deals. Something is definitely brewing in Boustead Plantations for share price to suddenly shoot up from 64 cents on 08/06/2003 to high of RM1.01 on 19/06/23 in just 7 trading days (It can also be the work of pump and dump syndicate)
Finally the confirmed news is out:
KUALA LUMPUR (Aug 24): Kuala Lumpur Kepong Bhd (KLK) has proposed to buy 739.2 million shares or 33% and one share in Boustead Plantations Bhd (BPlant) for a total of RM1.15 billion or RM1.55 per share and plans to take the company private via a mandatory general offer (MGO), confirming The Edge’s report.
KLK has entered into the tripartite strategic collaboration agreement (SCA) with Boustead Holdings Bhd (BHB) — which holds a 57.42% stake in BPlant — and Lembaga Tabung Angkatan Tentera (LTAT) — which holds a 10.59% stake in BPlant — on Thursday (Aug 24), the group said in a Bursa Malaysia filing. At RM1.55, the offer is at a 19% premium to its net asset per share of RM1.30 as at March 31, 2023 and 13% premium to its closing price of RM1.37 on Wednesday
My congratulations to all the BPlant shareholders but please spare some thought for those who sold their shares earlier and missed out on the offer of RM 1.55.
My questions to Bursa:
Question 1: Based on the volume traded surely some people already have insider information of the deal. May I ask how Bursa is going to deal with the high possibility of insider trading?
Question 2: Please allow me to refer to Boustead Holding Berhad replied at Bursa website:
We refer to the news article titled “Boustead said to be disposing of plantation arm” which appeared in The Edge Malaysia newspaper dated 19 June 2023.
The Company having made due inquiry with its Board of Directors, its major shareholders and all such person reasonably familiar with the matter, the Company wishes to confirm that the Company have not entered into any agreement involving the disposal of its stake in Boustead Plantations Berhad. The Company continues to focus on its business plan and value creation for its stakeholders and investors.
This announcement is dated 20 June 2023.
Technically Boustead Holding is right to say, “The Company have not entered into any agreement involving the disposal of its stake in Boustead Plantations Berhad” But ethically and legally wrong and against good corporate governance and transparency by omitting to mention The Company and its major shareholders LTAT is in talk with interesting parties on value creation for its stakeholders and investors.
Will Bursa take reprimand action on the Board of Directors of Boustead Holding?
Question 3: May I know any plan action by Bursa on my previous suggestion below?
Will SC and bursa working together with Institutional Investors Council Malaysia and MSWG come up with CORPORATE GOVERNANCE CHECKLIST in addressing?
1. How listed companies should respond to news, IBs analyst report and investor enquiry.
2. IBs analyst should include the briefing material, transcript of Q&A and interview as appendix.
3. How to prevent abuse on impairment of receivables to whitewash accounting fraud or siphoning listed company money to relate party, friendly party or to own private company
4. Should SC informed the complainer the progress/status of complaint lodged with SC and Bursa (case still active or close with no action)
ON Xingquan case:
Referring to the above Bursa announcement, please allow me to personally ask Datuk Muhamad Umar Swift did Dato’ Wu Qingquan (“Dato’ Wu”) and Wu Lianfa pay those fines imposed on them?
Question 2: If the answer is no, then May I ask did Bursa take any legal action to collect the fines?
Question 3: If Bursa did not take legal action to collect the fines from recalcitrant offenders then how Datuk Muhamad Umar Swift as Bursa Malaysia CEO ensure Bursa to be an efficient, vibrant, fair and orderly market?
Question 4: Will Datuk Muhamad Umar Swift please check with SC on my Xingquan complaint:
Is SC taking any action on my previous questions below? Or is the case closed with no further action?
Question 1: In view of the seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law. Has SC made an extradition request with the Chinese government to extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand trial in Malaysia Court?
Question 2: Refer google search: https://www.google.com/search?
Xingquan brand products (Gertop) are available for sale at many online shopping websites. This means Xingquan still has production lines and assets in China but the China owner and Management team just took us Malaysians as fools and showed utmost contempt to SC and BURSA authorities/Malaysia law.
Will SC now invoke CMSA 2007 section 358 (1) in the public interest, taking legal action against Xingquan to recover loss on behalf of victims who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution?
Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for gross negligence and failure to perform their fiduciary duty?
Note: Referring below SC announcement
The SC reprimanded Xingquan, its Executive Chairman and CEO Dato’ Wu Qingquan, Executive Director Wu Lianfa, former Non-Independent Non-Executive Director Ng Sio Peng and former Senior Independent Non-Executive Director Zhou Liyi for:
Why no actions were taken against Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for:
1. Gross negligence and failure to perform their fiduciary duty; and
2. Complicite in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus.
Thank you
Dear Sharon Hui (CEO’s Office),
Can I be reasonable in expecting Datuk Muhamad Umar Swift (Bursa Malaysia CEO) to reply to my above email?
Thank you
I wish all “A Happy Hari Merdeka Malaysia August 31 2023”. May we reset our country to be zero tolerance to corruption/fraud and make collective effort to send crooks to jail and recover what was stolen from our country.
Best Regards
Lee Soon Sheng
Be the first to like this.  EngineeringProfit "..please spare some thought for those who sold their shares earlier and missed out on the offer of RM 1.55."" Yes, unfortunately I am one of the victims who sold right before that announcement. Not fair 31/08/2023 10:38 AM EngineeringProfit It's high time to ensure top position of all commissions are held by people with integrity, principles and honesty. For long, Bursa is really of the crooks, by the crooks, for the crooks. 31/08/2023 10:39 AM Sslee Wednesday, 28 Dec 2022 SINGAPORE: John Soh Chee Wen, the mastermind of Singapore’s biggest case of stock market manipulation that wiped out nearly $8 billion in market value in October 2013, on Wednesday was sentenced to 36 years in jail, while his co-conspirator Quah Su-Ling was handed 20 years. The court case spanned a record 349 successful charges in some 200 days of trial over nearly four years. Prosecutors had sought a jail sentence of 40 years for Soh, and 19½ years’ for his co-conspirator Quah. The pair were found to have manipulated the share prices of Blumont Group, Asiasons Capital and LionGold Corp – known collectively as BAL – between August 2012 and October 2013, through 187 trading accounts held with 20 financial institutions in the names of 58 individuals and companies. https://www.theedgemarkets.com/node/649866 I can’t help but agree with The Edge Headline: Singapore gets it right- Severe punishment is the best deterrent against future commercial crimes. Finally justice is being served and the ghosts of yesteryear Omega Securities scandal can now Rest in Peace. Back to Malaysia we make international headline: https://www.dailyexpress.com.my/news/203144/edge-editor-freed-of-criminal-defamation-charges-over-articles/ KUALA LUMPUR: Azam Aris, the editor emeritus of local business newspaper The Edge, was Tuesday acquitted and discharged of one criminal defamation charge after being sued for defamation over two articles on penny stock manipulation published in 2020 and 2021. However, Azam was given a discharge not amounting to an acquittal (DNAA) for the second charge, The Edge reported. Azam was charged in September with two counts of criminal defamation at the Magistrate’s Court against a Malaysian businessman and four firms over two articles titled “Hidden Hands Behind Penny Stocks Surge Under Scrutiny” (April 12, 2021) and “Hidden Hands Behind Penny Stock Surge” (September 21, 2020) that exposed stock manipulation on Bursa Malaysia Luckily for Malaysians, common sense prevails otherwise we will be a laughing stock of international investing communities as a country that charged an investigating reporting editor/reporter for criminal defamation instead of bringing the market manipulators to book like what Singapore did. I just wonder if the case happens in Malaysia, will Bursa/SC and AG have the capacity, determination and political will to go to the length and depth of Singapore SC and AG “investigating through 187 trading accounts held with 20 financial institutions in the names of 58 individuals and companies to secure a conviction of stock market manipulation” I am guessing so far no investigation was carried out on market manipulators on the “Hidden Hands behind Penny Stocks Surge under Scrutiny” (April 12, 2021) and “Hidden Hands behind Penny Stock Surge” (September 21, 2020) that exposed stock manipulation on Bursa Malaysia. What really saddened and angered me the most were despite clear cases of Bursa Listed Red-Chip companies CEO/Directors committed accounting fraud and abscond/runoff with hundreds of millions of Malaysians hard earned money and for reasons only knew to SC/Bursa no action were taken to recover the stolen money nor to bring Red-Chip China CEO/Directors to Malaysia Court to face Justice. I can only hope things will start to change this year when we have a new government that promises to uphold justice, bring all crooks to book and recover the stolen money. The reformasi, reset and reboot are long overdue but it is better late than never 31/08/2023 11:05 AM EngineeringProfit Undeserving people occupy every office from AG chamber, courtroom, investigating force, etc 31/08/2023 11:08 AM EngineeringProfit Yes, even one of the previous pm had literally 'robbed' a uni seat from a more deserving student (and yes - he admitted his inferior performance in academic) 31/08/2023 11:10 AM EngineeringProfit With all these shameless people holding all the high and critical position, the only way to redeem dignity is to hold an annual ethnocentrism-driven dignity feast 31/08/2023 11:11 AM EngineeringProfit People of excellent quality and true calibre would only redeem their dignity by giving their best to serve the children, people, office, country and the world 31/08/2023 11:14 AM Bumi Armada: Follow up on my complaintAuthor: Sslee
Dear Bursa Malaysia CEO Datuk Muhamad Umar Swift, SC, Bursa, MSWG, The Edge Malaysia editor,
I read with great interest and great concerns on above news link:
{KUALA LUMPUR (June 12): Bursa Malaysia Bhd said the "approved securities" for regulated short selling (RSS) and intraday short selling (IDSS) will now require a lower minimum daily market capitalization of RM200 million, from RM500 million previously.
“By broadening access and choice for investors, we are solidifying our commitment to improving market efficiency,” said Bursa Malaysia CEO Datuk Muhamad Umar Swift.
“As a maturing market, it is vital that we offer a marketplace with robust facilities to cater to the differing needs of investors, while remaining focused on ensuring a vibrant, fair and orderly market,” Umar added.}
My concern is that RSS and IDSS is a zero sum game where the winner will be the insiders, IBs, IBs VVIP super rich clients, manipulators, pump dump syndicate etc whereas the main loser will be the ordinary retail investors.
Bursa is not an efficient, vibrant, fair and orderly market due to many listed companies does not compliance with timely disclosure requirement or the need for urgent and accurate response to misinformation/speculative/manipulating/hearsay information by media or IBs analyst and the worst are some unscrupulous insiders/CEO working hand in hand with Pump and Dump syndicate with misleading information/manipulating quarterly result for the main purpose of share price manipulation.
Case in point:
Case 1:
My recent complaint to SC, Bursa, Bumi Armada IR, IBs: CGS CIMB and Hong Leong Investment Bank (HLIB) reporting on Bumi Armada Berhad: SC Case: SC2023-42787. Bursa Ref CAS-29378-R4B6S6
Attachment 1: My complaint on CGS CIMB and Hong Leong Investment Bank (HLIB) reporting on Bumi Armada Berhad dated: 7 Jun 2023, 08.14
Not surprising Bumi Armada IR and IBs did not respond but what surprised me the most is Bursa did not even query Bumi Armada for urgent response to speculative/arbitrary damaging IBs Analyst report below:
CGS CIMB has included a loss of six months of BBC cash receipts in 2H2023F, a loss of six months of finance lease income in the FY2023 profit and loss statement (P&L), and US$50 million of repair and maintenance costs borne solely by Bumi Armada and charged into its FY2023F P&L.
Hong Leong Investment Bank (HLIB) Research estimates that the Kraken FPSO has a daily charter rate of approximately USD480k/day (or USD175m/year), which accounts for some 35% of the group’s revenue contribution in FY2022.
“We are negative on this development. While we acknowledge that we do not have clarity of Kraken’s shut-in timeline yet, we decide to make an arbitrary estimate of a six-month downtime for the said FPSO,” it added.
Frankly Speaking: Bumi Armada’s perplexing profit warning
By The Edge Malaysia
12 Jun 2023, 03:30 pm
I agree totally with The Edge Malaysia:
{While Bumi Armada has issued a profit warning, which caused its share price to fall by more than 25% to as low as 45 sen within four days, there is no news — adverse or otherwise — on the development of the Kraken field from UK-listed EnQuest
While it is good that Bumi Armada has issued a profit warning and used the shut-in period to undertake maintenance works, it should issue some guidance on the impact to its bottom line. At the moment, the depth of the problem in Armada Kraken is anybody’s guess.}
And finally Bumi Armada made the following announcement via Bursa:
Reference is made to the announcement made by Bumi Armada Berhad ("Bumi Armada") on 2 June 2023 with respect to the unplanned shutdown of the Armada Kraken FPSO ("Kraken FPSO") owned by Bumi Armada’s wholly owned subsidiary, Armada Kraken Pte Ltd.
Bumi Armada wishes to announce that following the recent start-up of the Kraken FPSO, production is currently circa 60% of pre shutdown levels. There is still further work, testing and investigations ongoing to stabilise and bring the vessel operational performance back to pre shutdown level.
Bumi Armada will continue to announce material updates as and when they are known.
This announcement is dated 21 June 2023
Remark: Bumi Armada only came out with the above announcement because someone actually lodged an official complaint against Bumi Armada Berhad for withholding material information from investors
{Dear Sir/Madam,
I would like to lodge an official complaint against Bumi Armada Berhad for withholding material information from investors, particularly minority shareholders. I make reference to the announcement titled "Unplanned Kraken Shut-in" dated 2 June 2023 made via Bursa Malaysia. Here, the statement ended by saying "Further updates will be made from time to time when there are material developments". I have it on good authority, from xxx, the xxx at Enquest, who operate the Kraken field, that the Armada Kraken FPSO resumed production last week Monday, 12th June 2023, and has been producing oil on a single train at roughly 50% capacity. Is this not a Material development? Why has Bumi Armada Berhad not issued a further update on the same to Bursa Malaysia? Minority shareholders are disadvantaged, as insiders would have known well in advance that production had resumed in some capacity. Appreciate if Bursa Malaysia investigates this matter further and enforce transparency in matters such as this. Thank you!}
Attachment 2: My email corresponds with Mr. Craig Baxter Head of Investor Relations EnQuest
Bumi Armada: Recent Price
Damage has been done and it will take time to rebuild investors’ confidence. So at the end who are the winners from RSS and IDSS in above case 1 and who are the real losers?
Case 2:
BOUSTEAD PLANTATIONS BHD: Recent Price
{KUALA LUMPUR (June 19): Boustead Plantations Bhd (BPlant) shot up as much as 12 sen or 13.48% to an all-time high of RM1.01 in Monday (June 19) morning trading, after The Edge Malaysia weekly, citing sources, reported that Boustead Holdings Bhd is planning to divest its 57% stake in the plantations group. Year-to-date, it has risen 70.18% or 41.65 sen from 59.35 sen
Meanwhile, 49.31 million shares traded hands, making BPlant the sixth-most traded counter on Monday. The volume of traded shares was almost 25 times its 200-day average of 2.21 million.
According to the weekly magazine, bidders include YTL Group, Wilmar International Ltd, IOI Corp Bhd and Kuala Lumpur Kepong Bhd
In a note on Monday, PublicInvest Bank said it estimated that BPlant could have an enterprise value (EV) of RM2.5 billion to RM3 billion, thanks to its vast tracts of lands in Malaysia, which include strategically located parcels that are suitable for property development.}
The Edge Malaysia as business news portal has every right to chase and report business unconfirmed deals. Something is definitely brewing in Boustead Plantations for share price to suddenly shoot up from 64 cents on 08/06/2003 to high of RM1.01 on 19/06/23 in just 7 trading days (It can also be the work of pump and dump syndicate)
Case 3:
Bursa Ref: CAS-27923-D0K3D0
Kenanga did not respond but Petronm IR invite me to a meeting which I gladly accepted
A Crack Spread Refinery Play
Date: 27/10/2022
I wrote: I am shocked and can’t believe my eye Kenangan IB analyst had just discounted Petron Malaysia petrol stations earning contribution totally and assumed Petron Malaysia as “A Crack Spread Refinery Play”
A fairer Petron Malaysia valuation is by sum of parts valuation on Petron Malaysia refinery margin and Petron Malaysia petrol stations earning:
In hindsight, I should have known better is Kenanga’ analyst allowed to give his fair and unbiased analysis when IB Kenangan has vested interest in PETRONM-CX: CW PETRON MALAYSIA?
Issuer: KENANGA INVESTMENT BANK BERHAD
Description: EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS
Listing Date: Feb 25, 2022
Maturity Date: Jan 16, 2023
Issue Size: 35,000,000
Exercise Price: MYR 4.88
Ratio: 6 :1
Underlying Stock: PETRONM
Case 4: Questionable financial/information disclosure on disposal of JSB 51% equity to ICD for consideration of RM1.00
Bursa Ref: CB/155/21
JAKS Financial ended: 2022: 2021: 2020: 2019
Impairment loss on:
Trade receivables RM: 5,099,410: 9,848,415: 25,862,099: 5,318,354
Other receivables RM: 18,737,258: 13,461,525: 45,331,965: 7,188,995
SERBA DINAMIK HOLDINGS BERHAD
Financial: 9 months ended 31/3/2023: Year ended 30/6/2022: 30/6/21
Impairment of trade and other receivables RM: 865,009,000: 393,205,000: 394,998,000
I cannot believe that Bursa reply to me on impairment of receivable: Please also note that it is the prerogative of the Board of Directors of the listed issuer whether to take legal action with regard to recovery of the receivables.
So impairment of receivables did complied with approved accounting standards and can be used as a legal way to whitewash accounting fraud or siphoning listed company money to relate party, friendly party or to own private company?
Here we are talking about making Bursa an efficient, vibrant, fair and orderly market. But I can’t agree more on the feeling and frustration expressed by i3investor commentator:
hulwan These kinds of shenanigans, and then they wonder why our Bursa is in the doldrums
The above makes a pretty sad reading but all is not lost if all the stakeholders of the capital market will come together to do something positive.
I still remember my first complaint to SC and Bursa on Xingquan with the following:
I was shocked that the CEO was allowed to lie through his teeth with impunity during the AGM Q&A session and the external Auditor and Independent Directors danced to the CEO tune.
I also complain bitterly why I should pay Xingquan Company Secretary RM70 to get a copy of Xingquan AGM minutes, can’t they publish it on Bursa or the company website.
Attachment 3: Xingquan AGM minutes for all to see for your-self what I mean by CEO lie through his teeth with impunity and external Auditor and Independent Directors dance to the CEO tune
I am more that grateful and thrill when I read the below link:
Annual General Meeting CORPORATE GOVERNANCE CHECKLIST FOR SHAREHOLDERS
Co-author by SC, Institutional Investors Council Malaysia and MSWG
Since then I can see a sea-change in the way AGM was conducted. My many thanks to SC, Institutional Investors Council Malaysia and MSWG
Will SC and bursa working together with Institutional Investors Council Malaysia and MSWG come up with CORPORATE GOVERNANCE CHECKLIST in addressing?
1. How listed companies should respond to news, IBs analyst report and investor enquiry.
2. IBs analyst should include the briefing material, transcript of Q&A and interview as appendix.
3. How to prevent abuse of impairment of receivables to whitewash accounting fraud or siphoning listed company money to relate party, friendly party or to own private company
4. Should SC informed the complainer the progress/status of complaint lodged with SC and Bursa (case still active or close with no action)
My patience is running thin/out on my quest in seeking Justice for Xingquan minority shareholder:
It seem Bursa and SC are contented with action taken to delist Xingquan and action taken on the following 4 directors of XINQUAN were imposed the following penalties for breach of paragraph 16.13(b) of the Main LR where they had permitted XINQUAN to commit all or some of XINQUAN’s Breaches
I do not understand why SC would like to impose the same restriction on already delisted Xingquan “by secrecy provisions under the securities law from disclosing to you any information obtained during the performance of our regulatory functions” to deny me answers to my following questions:
Question 1: In view of the seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law. Has SC made an extradition request with the Chinese government to extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand trial in Malaysia Court?
Question 2: Refer google search: https://www.google.com/search?client=firefox-b-d&q=gertop
Xingquan brand products (Gertop) are available for sale at many online shopping websites. This means Xingquan still has production lines and assets in China but the China owner and Management team just took us Malaysians as fools and showed utmost contempt to SC and BURSA authorities/Malaysia law.
Will SC now invoke CMSA 2007 section 358 (1) in the public interest, taking legal action against Xingquan to recover loss on behalf of victims who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution?
Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for gross negligence and failure to perform their fiduciary duty?
I miss the good old days where I knew the then Bursa and SC investigation officer (Mr. Eddie Yeo: Bursa Senior Vice President, Corporate Surveillance & Governance Division. Mr. Kamarul Rozman Nordin SC Assistant General Manager Consumer & Investor office) and can follow up with them with a meeting to know the progress of my complaint on Xingquan. But nowadays I don’t even know if my case is still under investigation or if the case is closed with no further action.
By the way, how is Mr. Eddie Yeo? Hope he has fully recovered.
Last but not least, “Trust takes years to build, second to break and forever to repair”
Can retail investors put their trust and confidence in Bursa and SC to protect and safeguard their interest?
The day when majority of retail investors’ answers is “YES” then that is the day I would agree with Datuk Muhamad Umar Swift: Bursa is an efficient, vibrant, fair and orderly market. So please, Datuk Muhamad Umar Swift make that day come true.
Thank you
Have a good day
Best regards
Lee Soon Sheng
Note: I am loooking forward to read the CapitalA IBs analyst briefing material, transcript of Q&A as appendix to see whether any analyst put Tony under the knife with tough, difficult and probing questions?
Example::
As at 31/3/2023:
Net current liabilities RM: (8,524,896,000)
Equity: Owner of the Company RM (5,553,254,000)
Non-controlling interests RM: (3,822,946,000)
(a) All agreements to be entered into with third parties as part of the regularization plan have been duly executed by all parties to such agreements; and
(b) where the regularization plan involves a compromise or arrangement with the PN17 Issuer's creditors, the PN17 Issuer has taken reasonable steps to procure the agreement-in-principle of such creditors.
My personal view/opinion: How to make Bursa Malaysia the choice of investor and capital market?
Labels: ARMADA  Robert Waters Thank you for putting in the effort. In the end, small investors pay for the profits of those closer to the money source in a 'zero net gain' game. 25/06/2023 1:51 PM  probability sslee thank you so much..you are such a gem i completely lost trust on Bursa & SC after the Serbadinamik drama...crooks like Karim can only thrive with involvement of the guys at the top of Bursa & SC our corruption level has gone down to the level of Indonesia 30 years ago 25/06/2023 2:21 PM Sslee Received the following standard reply from SC and Bursa Dear Sir, Reference is made to the above matter. Your case reference number is: [Case: SC2023-xxxxx]. Please use this reference number for any future communications with us. Please be informed that we have received your complaint and it is currently being reviewed by the Securities Commission Malaysia (SC). Should the review reveal any breaches of the securities laws, appropriate action will be initiated. We however wish to advise that in conducting our assessment and determining whether the matter will be escalated for further action, consideration is given to a range of factors, including the likely regulatory effect of any available action. Kindly note that SC is restricted by secrecy provisions under the securities law from disclosing to you any information obtained during the performance of our regulatory functions. Please contact our officers at the Consumer & Investor Office at + 603-6204-8999 for any inquiries. Thank you. Aduan Officer Consumer & Investor Office Securities Commission Malaysia Dear Sir/Madam, Reference is made to your e-mail on the above matter. We have escalated the complaint to our line department concerned for their further action. The assessment into the matter you highlighted may take time, depending on the complexity of the issues raised. However, we will undertake the necessary actions to ensure that your complaint is looked into accordingly and will take the necessary enforcement actions if there is any breach of Listing Requirements. As we do not play the role of ombudsman nor do we conduct arbitration, in the event of conflicts or financial losses, the aggrieved parties need to file the claims through the appropriate legal process in court. We will also make the necessary referral to other relevant authorities should we come across any potential breaches of other regulations / Acts (other than the Listing Requirements). Thank you and have a good day. Bursa 2U Bursa Malaysia Berhad Our Ref : CAS-29571-xxxxxx 27/06/2023 8:34 AM Sslee Will write to Datuk Muhamad Umar Swift and his office secretary next week whether can I be reasonable expect to receive a reply from Datuk Muhamad Umar Swift? 27/06/2023 8:36 AM Asengkianjoo My good friend Sslee, Aseng had misunderstood you . SORRY , SORRY, SORRY......... 31/07/2023 3:45 PM Sslee Dear Aseng, No need to say SORRY. I already put the PAST down, but you’ve been carrying the PAST all day long.” 31/07/2023 5:14 PM 6 months, 12 months and 18 months ROI contestAuthor: Sslee Important announcement:
{Dear UlarSawa,
My thousands apologies I was naive to believe Johnchew5 evil twin of Mikecyc is trying to ask for forgiveness on behalf of Mikecyc. I am a fool to think that both of you can be BFF if you both can settle your dispute with a friendly, fair and fan stock pick competition.
Again my profound apology to enter your name without your consent
I will amend my blog. (Done)
Since Mikecyc has no capacity for self-reflection and repentance and uses his multiple ID Johnchew5 to seek attention hence the best way to deal with this type of people is totally ignore them and let them suffer the loneliness with no one to talk to.
I hence disqualified Johnchew5 and any ID that Mikecyc might use from this competition.
UlarSawa,
Since you do not want to be the referee for this competition can you please teach me how to become an impartial, witty, just and fair-minded referee?
Once again my thousands apologies and thank you for getting Prof 3iii into this competition, will you continue to promote this blog and get more i3 SIFU to enter their name with their stock pick. Some names on my mind: Your Sifu, Philip, i3lurker, OTB, BobAxelrod dan lain-lain}
***At each 6 months, 12 months and 18 months ROI contest period end, I will make tabulation and publish the result in my new blog. We can then examine and analysis what has change (Internal: Malaysia and external: the World), Financial Analysis (internal and external/Business sense) and Technical Analysis that result in that period winner outperform other.
Note: Will edit in the new contester when they put in their User ID and stock picked. You are also welcome to place a side bet with your choice of critic/rival grouping and make your table of points score for the group at 6 months, 12 months and 18 months ROI contest.
Dear i3 commentators,
I was inspired by the below comment in Insas forum to settle once and for all among i3 community members’ rivalry/dispute/insult/name-calling and etc with a fair and friendly contest. All are welcome to put in your name and stock picked at this forum comment to participate in the contest
UlarSawa Referee remember SSLee was thinking want to challenge Mike punya sifu Prof 3iii before leh. Now opportunity come already leh. SSLee you want to accept Prof 3iii challenge since Prof 3iii mari sini challenge your Insas Cantik with PBB cantik leh. Mana satu more cantik Referee want to see also leh. SSLee what say you. Wanna to accept Prof 3iii challenge or not. Haiyoh. Boleh?
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Is this stock a better investment than PBB today? Opportunity cost. 6 minutes ago 15/06/2023 5:55 PM
Sslee Ularsawa in that case I have nothing to lose (no real money) but Prof3iii will lose his reputation if his PBB lose to my Insas.
So please set the contest 6 months, 12 months and 18 months ROI PBB vs Insas using today date and price.
15/06/2023 8:13 PM
qqq47660 Dnex will win
15/06/2023 9:49 PM
Income Boleh…
I chose Tomei for the competition. So it’s Tomei Vs PBB Vs Insas. So please set the contest 6 months, 12 months and 18 months ROI PBB vs Insas vs Tomei using today date and price. Let the competition begins. FYI, I am not senior. I am just a newbie.
16/06/2023 4:26 AM
I now on behalf of i3invetor organise the following competition on the 6 months, 12 months and 18 months ROI. All are welcome.
Number: Contester ID: Stock picked: Price at 15/6/2023
1: Professor 3iii: PBB: RM 3.85
2. Sslee : INSAS: RM 0.835
3; qqq47660 : DNEX: RM 0.52
4: Income : TOMEI: RM 1.08
5: calvintaneng : JAYA TIASA: RM 0.645
6: STony: CAPITALA: RM 0.80
7: speakup: CMSB: RM 1.06
8: Felix888: ARMADA: RM 0.440
9: STUDY 1: PCHEM: RM 6.25
10: OTB: YTLPOWR: RM 1.29
11: StartOfTheBull : MSC: RM 2.02
12: STUDY 2: PETRONM: RM 4.98
13. Choivo Favorite: TIMCOM: RM 5.10
14. Philip ( buy what you understand): HARTA: RM 2.23
Side Bet:
1: Felix888 Vs BobAxelrod
Sapura E hit 0.07 within 9 months since the latest RO extension date.
We will come back on 15/12/2023, 14/06/2024 and 13/12/2024 to key in the respective ROI based on the closing price of that date and add in the cumulative dividend received for that period end
ROI formula:
6 months ROI= (Market closing price at 15/12/2023 + cumulative dividend - entry price as at 15/6/2023) x100/ entry price as at 15/6/2023
12 months ROI= (Market closing price at 14/06/2024 + cumulative dividend - entry price as at 15/6/2023) x100/ entry price as at 15/6/2023
18 months ROI= (Market closing price at 13/12/2024 + cumulative dividend - entry price as at 15/6/2023) x100/ entry price as at 15/6/2023
The 6, 12 and 18 months placing will be awarded point:
5 points for the champion
4 points for 1st runner up
3 points for 2nd runner up
2 points for fourth place
1 point for fifth place
Zero point for the rest
At the end of each 6 months, 12 months and 18 months our i3investor most impartial, witty, just and fair-minded referee (Vacant) will check and verify the ROI result and make official announcement the winner of each period with award of the title: 6 month ROI Sifu, 12 months ROI Sifu, 18 months ROI Sifu.
The cumulative highest point winner will be crowned the title of Master Sifu.
Thank you
PS: Background story behind the friendly and fair competition to settle rivalry/dispute/insult/name-calling and etc
Recently I wrote to i3Admin the following in urging admin to take action on Mikecyc:
Quote, “I welcome everyone to post their diverse opinions/views on investment in i3 so that all can benefit from the diverse information and make their informed-investment decision. But nowadays I am deeply saddened and disturbed by many i3 comments: Full of hatred, falsehood, cursing, trolling, provocation, insulting each other, name-calling and worst of all twisting and turning other people word into cyber sexual harassment.
Mikecyc, you are what you are; the lowest of the low, the worst of the worst, the most disgusting, despicable and utterly distasteful person I ever come across. You have cross the red line onto indecency with your twisting and turning other people word into cyber sexual harassment.
I quote Mickecy’s below recent repeatedly posting which to me is the last straw that broke the camel’s back on indecency and my tolerance on abuse of free speech/opinion” unquote
I was surprised i3Admin did take action on Mikecyc speedily.
But unfortunately Mikecy didn't think he has done nothing wrong and continues with his bad behavior:
Quote, “Mikecyc please stop it. I know you are the same coward hiding behind your above multiple ID to harass and mocking me in my blog and even mocking i3Admin Terms and Conditions of Use and Community Standard.
Posted by Johnchew5 > Jun 14, 2023 12:00 PM | Report Abuse
Hoho sslleee what is suspended and banned ???
I respect i3investor house rule on suspension for an offender/abuser
Mikecys: Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 08/08/2023. Please refer to the Terms and Conditions of Use and Community Standards of this portal
Suspension is a cool off period for offender/abuser to do self-reflection and repent (your abusive twist and turn other i3commentators word into insult and cyber sexual harassment)
Some offender/abuser did reflect and repent and return as a useful contributor to i3community or enjoying lepak/chit chat/friendly banter (teasing/joking) with many friends in i3community.
But sadly Mikecyc you do not have the capacity for self-reflection and repent, hence I will write a letter to I3Admin this weekend on the need to amend i3investor house rule on those repeat/un-repented offender/abuser from using multiple ID to continues abusing/mocking i3investor Terms and Conditions of Use and Community Standards” unquote
I recall one upon a time I use the same harsh and most demeaning word on qqq3 when by my judgment he has crossed the red line into indecency and a disgusting article author by qqq3 with the purpose to spite, smear and provoking Mr. Ooi Teik Bee. There is so much animosity and hatred in the i3 forum now and I think you are partially responsible for it. (We are all mutual friend of KYY)
This started our long running war of word in i3forum until one day Choivo Capital drop a message to me: You will regret it one day for spending so much energy and time trying to change someone. Your time is better spend in other productive thing.
I now realized I can’t change people from my “out of hatred, concern, love, sense of justice and etc” if that person does not see the benefit or what he is going to lose if he does not change.
I3 is THE place for exchange of investment ideas/opinions/views and find companionship, enjoy lepaking/chit chat/friendly banter (teasing/joking) with many friends in i3community. So please value the privilege, benefit given to all the i3 community and respect the house rule Terms and Conditions of Use and Community Standards of this portal and be courteous to each other.
Respect begets respect and insult begets insult
Johnchew5 Hoho the 13 aka id lead by FortuneBlooming n Coolbull are appeared in Netx ( same group of person as the 7 aka id Dream_xxx ) .. 12 to 13 is the maximum Report required to flag report from blue to Orange flag during the time periods .. 17/07/2023 11:34 PM Johnchew5 Hoho then debated against Mabel in TG at RM 7.25 ard End 2020 . 🐍sawa To Be Hired by 1 sen per word is Sweet Talks to Promote TG at RM 5.00 until below RM 0.60 .. 17/07/2023 11:48 PM Johnchew5 Hoho 🐍sawa sweet talks in Kanger n HRC also to support Promotion . Just a Natural SUAY 🐍sawa , hahahaha. 17/07/2023 11:52 PM Johnchew5 Knowing debate against Mabell n 🐍sawa in TG Shl be very tough n tricky , as 7 aka Dream_xxx id n 13 aka FortuneBlooming id are appeared also , posted at least Twice Shl use Hoho and Haha debate in TG if One is suspended. As 🐍sawa n the 7 + 13 aka id will slowly post insulting n abusive threads to lead u to retaliate , and to do flag report until to be suspended . Those 20 aka id are disappeared after TG debate . 18/07/2023 6:57 AM Johnchew5 Hoho The most despicable one is Kacukan Tipuu Paktua73 / Stingray ( 🐍sawa Sifutt ) / Ularsawa after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu : 18/07/2023 9:36 AM Johnchew5 Hoho The most despicable one is Kacukan Tipuu Paktua73 / Stingray ( 🐍sawa Sifutt ) / Ularsawa after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu : 18/07/2023 10:48 AM Johnchew5 Hoho pitiful n shameless Kon after is Loss Naked to play Wayang: Posted by Johnchew5 > 4 hours ago | Report Abuse Hoho The most despicable one is Kacukan Tipuu Paktua73 / Stingray ( 🐍sawa Sifutt ) / Ularsawa after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu : 18/07/2023 2:30 PM Johnchew5 Hoho Kon i3lirker yr Master KonLee is not here , cannot licck to claim yr Good Protein Good Food le : China been having almost double digit growth of 10% for many decades since 1945. Many people will NOT be prepared for this sudden reduction in growth. Travel, tourism, property and consumables will be highly affected. => Some BURSA counters will tutup kedai. >>> No doubt China GDP is down since several years ago , from double digits since ard 2000 to 8 % to 6 % to 2.99 % ( 2022 ) , For 2023, the IMF expects a GDP growth rate of around 5.24 percent. 12 Apr 2023. China need 8 % GDP Growth to provide 10 million New Job Vacancies per year . 18/07/2023 2:44 PM Johnchew5 Hoho Since China Double Digit Growth oredi assist : China achieved victory in the largest-scale battle against extreme poverty worldwide, as shown by the facts that 98.99 million rural residents, 832 impoverished counties and 128,000 poor villages had all been lifted out of absolute poverty, creating a miracle in human history, reads the paper.31 Mar 2022 . The need of 8 % GDP during a few years ago Shl be reduced . Recently China had loosened the Migration regulations of One Province, excluded Hangzhou city . 18/07/2023 3:00 PM Zhuge_Liang FBMKLCI index. Looking at daily chart closing price, there is a double bottom at 1,373. You can say it is almost bottom at 1.373. I hope to see a new upcycle after August 2023, I also hope it is a long upcycle and a bull market for FBMKLCI after a long downtrend since July 2014. I hope all investors will laugh all the way to the bank after August 2023. Hopefully we can see a bull market in KLSE after a long bear market for almost 10 years since July 2014. Good luck to all investors in I3. Opportunity hits but once. You should start to invest in KLSE, you will be rewarded handsomely in the next few years. Thank you. 19/07/2023 10:52 PM Johnchew5 Posted by i3lurker > 1 day ago | Report Abuse China economic problems will affect Japan and all of SE Asia. China been having almost double digit growth of 10% for many decades since 1945. Many people will NOT be prepared for this sudden reduction in growth. Travel, tourism, property and consumables will be highly affected. => Some BURSA counters will tutup kedai. == >> What a Liar , from 1945 ? The Alien Liccker saying here pariaaa country , ppl n food .. cannot Afford Good Food . >> World War II or the Second World War, often abbreviated as WWII or WW2, was a global conflict that lasted from 1939 to 1945. The Chinese Civil War was fought between the Kuomintang-led government of the Republic of China and forces of the Chinese Communist Party, with armed conflict continuing intermittently from 1 August 1927 until 7 December 1949, and ending with Communist control of mainland China. The Alien Liccker is liccking ard his Master lee to claim Protein Good Food , hahahaha.. 20/07/2023 8:06 AM Johnchew5 Hoho Below thread is Originally posted by OTB . Recalled when I posted on 30/6 : KLCI Open 1388.52 …High 1391.48 …1370.15 … Closed 1376.68 , OTB reposted the Thread . Posted by Zhuge_Liang > 9 hours ago | Report Abuse FBMKLCI index. Looking at daily chart closing price, there is a double bottom at 1,373. You can say it is almost bottom at 1.373. I hope to see a new upcycle after August 2023, I also hope it is a long upcycle and a bull market for FBMKLCI after a long downtrend since July 2014. I hope all investors will laugh all the way to the bank after August 2023. Hopefully we can see a bull market in KLSE after a long bear market for almost 10 years since July 2014. Good luck to all investors in I3. Opportunity hits but once. You should start to invest in KLSE, you will be rewarded handsomely in the next few years. Thank you. 20/07/2023 8:13 AM OTB We have not seen a bull market in KLSE since July 2014. Hopefully our unity government will perform well in 6-state elections to convince foreign funds to invest in KLSE. I believe our unity government will win in at least 4 states so that the federal government led by DSAI will stay for next 5 years (full term). Stop all corruptions in Malaysia, I hope Malaysia will emerge as a clean government. KLSE will bloom for the next 5 years as a bull market. Good luck. Thank you. 20/07/2023 9:46 AM  UlarSawa Mari Mari Mari. Election Fever is back again after PRU15 with Unity Gorment was formed with crucial Umno backing PH to be in the gorment. Haiyoh. Boleh? Unity Gorment win 6 states. 1. Unity Gorment win 5 states 1. Unity Gorment win 4 states 1. Sifu OTB Selangor NS Penang and Terengganu Unity Gorment win 3 states 1. Unity Gorment win 2 states 1. Unity Gorment win 1 state 1. Unity Gorment lose all states 1. 20/07/2023 12:32 PM UlarSawa Haiyoh Kedah MB kena charged in the court will ignite more Kedahan against the PH-BN in Kedah kah. Next mth will know leh. Haiyoh. Correct? 20/07/2023 12:33 PM UlarSawa Mau win 4 states that mean need to capture Kedah State leh. Last PRU 15 PN sapu all except one MP in Kedah leh. Can PH-BN capture back Kedah state ingat pun not that easy leh. Kelantan no chance at all. Terregganu pun PAS stronghold ingat pun susah to capture also leh. So can PH-BN win 4 states ingat pun very tough leh. Only hope PH-BN can win in Penang Selangor and NS is considered very good liao leh. Haiyoh. Correct? 20/07/2023 12:37 PM Johnchew5 Posted by Johnchew5 > 2 days ago | Report Abuse Hoho pitiful n shameless Kon after is Loss Naked to play Wayang: Posted by Johnchew5 > 4 hours ago | Report Abuse Hoho The most despicable one is Kacukan Tipuu Paktua73 / Stingray ( 🐍sawa Sifutt ) / Ularsawa after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu : 21/07/2023 7:41 AM Johnchew5 Posted by Johnchew5 > 3 days ago | Report Abuse Hoho as replied to KonLee : Hoho i3 is not a platform to scam ppl , Admin had done fair n good improvement actions to maintain its objectives n policy , since in Netx on 2020 : 1) Those being flag report by Kon n aka id to silent the Opposite Views until Orange flag , then Admin done the Post Removed. Those id being post removed have to wait for few hours to 24 hours for re access to post . >> Ethical Sifu 3iii , ShootUp and Hoho n Haha whom debated against yr Idol Callvin in Netx got the exemption , then noticed applied to All . 2.) During Calvin replied to my call that he is Happily Retired , then posted a few posts with Religious contents ( ppl called him Part Time Pastorr in Netx as he like to post Religious content thread to do Promotion) , >> FortuneBlooming remind him Admin did not Allow to post anymore Religious contents thread and Shl be suspended. Calvin ran Road for 3 months from December 2020 to March 2021 . 3.) Hoho and Haha debated with Ularsawa n 20 aka id ( 7 Dream_xxx , n 13 aka id lead by FortuneBlooming n Coolbull , 20 aka id are same group) in TG . After that all 20 aka id are disappeared. >> Aka id are no longer effective on Flag Report . As to flag report from blue flag to change to Orange Flag , it may need 7 report to 12 report . ==== >> I wish to express my appreciation and Thank you to Admin for the fair and good improvement actions . —- ### Remember Lee taken the insulting Words and Abusive Sentences from Kacukan Tipuu Stingray / Ularsawa to do insulting n abusive posts . Being retaliated, then crying mama crying papa across forums to complain . >> See those abusive posts that attached into your Complaint Blog .. Are these abusive Posts are Attention to You ???? —— >>> Further to year 2021 , during my V.P case study in promoting PA . Lee and Ularsawa are most participated as Negative commentator with 2 aka id . Leno is appeared one whole day only . The despicable actions is you 2 also did flag report n recalled Lee said want to email report . Later is found that my March n April 2021 posts are all being flag report until Post Removed , But I am not being Suspended. >>>> This might be another Reason ( despite debated with 20 aka id in TG ) , Aka id are not effective anymore in Flag Report . “”” Referring to your Recent Complaint Blog : Only those abusive , Kon lies and some of mike’s facts n figures posts are being flag report until Post Removed . “”” Do you think Admin done the Selection of flag report until post removed ??? 21/07/2023 7:43 AM Johnchew5 Posted by Johnchew5 > 3 days ago | Report Abuse Hoho Side Bet: 1:Sslee vs Mikecyc If Mikecyc back to the website, sLee Shl leave the website. 21/07/2023 7:46 AM Johnchew5 1st Lies : Stock: [INSAS]: INSAS BHD hours ago | Report Abuse Hoho wow KonLee is an Attention Seeker ke .., approached me 1st in Netx on 2020 telling Lies replied my post which directed to Stockraider to bail out Stockraider on Insas-WB whom play wayang in Insas-WB forum with Calvin with invested RM 5000 … Then ssllleee said Raider Win 1 Myvi in Netx RI .. Raider said Win 2 Myvi… both blowing bla bla bla clon the Wayang Script on Insas-PB and WC … —- Calvin n Stockraider had been Promoted Netx ( 1 of 46 Con stocks ) since 2019 until 2021 .. 21/07/2023 7:56 AM Zhuge_Liang Johnchew5, If you can reduce your postings, more people will read your postings. Suggest you please post good quality postings here. Appreciate your understanding. Please post quality postings. 21/07/2023 12:05 PM Johnchew5 Hoho no worries, as said is purely for newbies n ikanbilis , to expose Kon … As posted had asked Kon sslleee to debate with FA , TA , Information with facts n figures … in JAKS forum , see what ppl posted in JAKS . 22/07/2023 7:21 AM OTB I recommend growth stock only. Even I made a small profit on Jaks when I recommended Jaks in I3, give me another chance, I will never recommend Jaks in I3. I believe I made a mistake on Jaks recommendation. I can afford to recommend good fundamental and growth stock in I3 only. I prefer to stick to my strong opinion. Thank you. 22/07/2023 12:58 PM i3lurker The Jonny Satanic Accuser is a conman. He is not called Satan for nothing. Evil is closer than you think. 22/07/2023 9:44 PM Johnchew5 Hoho no worries, just on Bottom Fishing , and Since KonLee is turned from Positive Commentator to Negative Commentator in Jaks after sold some shares for some profit. 23/07/2023 7:25 AM Johnchew5 Hoho yes agree even Swing Swing Swing Red Sea Pirates Captain 🐍sawa YAB Tut Tut also kena sell Bunttut after TG is dropped below RM 3.80 ( what he is posted ) … and Loss in Salute at Price ard 82 sen .. 23/07/2023 7:43 AM Johnchew5 Hoho oh Kon Lee why ah suddenly U-Turn in AAX ? From most Negative Commentator to most Positive Commentator Supporting the Joyvest Kon Wayang with aka id whom Trapped at 1.74 blowing TP 3.48 .. 23/07/2023 7:47 AM Johnchew5 Hoho that’s why : Hoho The most despicable one is Kacukan Tipuu Paktua73 / Stingray ( 🐍sawa Sifutt ) / Ularsawa after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu : Posted by Johnchew5 > 4 minutes ago | Report Abuse Hoho yes agree even Swing Swing Swing Red Sea Pirates Captain 🐍sawa YAB Tut Tut also kena sell Bunttut after TG is dropped below RM 3.80 ( what he is posted ) … and Loss in Salute at Price ard 82 sen .. 23/07/2023 7:53 AM Johnchew5 Hoho anyway Jaks Bottom Fishing is oredi done from 19 sen to 21sen , closed 20.5 sen … For investing need to monitor until after Jan 2024 as posted in Jaks on the FA discussion , cheers … 23/07/2023 8:10 AM Johnchew5 Hoho really laugh live me le 🤣, Kon Sslleee n Koni3lurkker whom had kisssing each other in AAX on 2/6/2023 , bla bla bla the whole Day and then deleted their posts . Kon Lee U-Turn again in AAX , from Most Negative commentator to most Positive commentator ( support Joyvest Kon Wayang) , being exposed U-Turn again to Negative commentator!! Hahaha.. I had been debated with Kon Lee Kon maths Figures in Capital A since ard 1 year ago , saying if it is not dropped below 56 sen is OK ( Study from 12 Analysts TP ) : 52w 0.560 - 0.880 Until Today oredi had ard 47 % Paper Gain . I had posted ard 3 months ago saying not recommend Capital A for that Time . See even Capital A is depending on AAX on the PN17 Regularisation Plan , I am still exposed the Joyvest Kon Wayang in AAX , not like the Pretender U Turn Kon Lee . 23/07/2023 10:26 AM Johnchew5 Hoho as Stony said Capital A after is out from PN17 , 50 % of Revenue is expected to be from Non Aviation in 5 years period. 23/07/2023 10:41 AM Johnchew5 Hoho just another case of Bottom Fishing as I had posted to Learn n to Catch Starting Uptrend Point to Point 1 ( Peak Range ) after the V.P case study in PA . 23/07/2023 10:50 AM Johnchew5 Hoho the abg adik in Insas Wayang , main Wayang lagi le KonLee n Stockraider: Harbour Link Posted by speakup > 16 hours ago | Report Abuse Insas better Net cash rm1.10 Share price only 85sen Means basically all the assets in Insas is Zero value! Subsidiaries, buildings, lands, investments..... u name it, all Zero value Sslee 2,061 posts Posted by Sslee > 6 hours ago | Report Abuse Inari is an associate company of Insas. Insas still hold 537,008,575 inari share. So inari share alone is worth how much to Insas? Johnchew5 5,296 posts Posted by Johnchew5 > 2 minutes ago | Report Abuse Hoho Stockraider aka Speakup play wayang again with KonLee on Insaf , hahahaha. Johnchew5 5,296 posts Posted by Johnchew5 > 0 seconds ago | Report Abuse Hoho Insas such a cash Rich company but why Repeatedly Issued RI to get money from shareholders to pay bridging loans ??? 24/07/2023 1:56 PM OTB I believe a bull market in KLSE will start in the second half of 2023. This bull market will last a long one since KLSE was in a bear market in the last 10 years. KLSE cannot be a bear market permanently, it is too long, a bull market will come back soon. We should see the light at the end of the tunnel, a few good signals have appeared. 1. The Malaysian economy expanded by 5.6% in the first quarter of 2023 (Q1 2023), comparing favourably with regional growth such as Indonesia (5%), China (4.5%) and Vietnam (3.3%). The Q1 2023 growth performance contributed strongly towards the achievement of the 2023 whole year forecast of 4.0% to 5.0%. To me it is good news and it should benefit the performance of KLSE. 2. I believe our unity government will perform well in the 6-state elections to convince all investors that the worst is over. No more perception of unstable federal government. 3. The latest report on US dollar index, the index falls below 100 points. It means the USD will drop further against RM. The conversion of USD to RM is at 4.53 today. It means foreign funds will stop to flow out from KLSE. 4. The economic data of Malaysia showed a big improvement in May 2023, the inflation rate is reduced to 2.8% which is a good news to KLSE. Good luck to all investors, hope a bull market starts in KLSE soon to help all readers to make a lot of money in the next 2 years. Hope to see more millionaires are produced in KLSE, do not believe other stock markets are always better than KLSE. It is a matter of timing only. Thank you. 02/08/2023 10:00 AM OTB YTLPower is performing well. Hopefully can make a lot of money in a year. Good luck. Thank you. 02/08/2023 10:01 AM UlarSawa Haiyoh no winner in the competition with the result 3-3. Mo doubt result is unchanged but with PN dapat 146 out of 245 seats. Kira menang besar also. Haiyoh. Correct? Mari Mari Mari. Election Fever is back again after PRU15 with Unity Gorment was formed with crucial Umno backing PH to be in the gorment. Haiyoh. Boleh? Unity Gorment win 6 states. 1. Unity Gorment win 5 states 1. Unity Gorment win 4 states 1. Sifu OTB Selangor NS Penang and Terengganu Unity Gorment win 3 states 1. Unity Gorment win 2 states 1. Unity Gorment win 1 state 1. Unity Gorment lose all states 1. 14/08/2023 9:28 AM  AnakUlar Daddy Ular , results out already. 3-3. But PN Green wave still strong. How? 14/08/2023 5:35 PM OTB YTLPower is the best stock I recommended in 2023. Hopefully all investors are laughing all the ways to the bank. I checked, foreign funds are still net buyers in KLSE in the last 5 weeks. Hitting the target price at 2.05 set by HLIB is not a problem I guess. Good luck to all investors here. 15/08/2023 10:12 PM OTB Foreign funds are net buyers in KLSE for the last 5 weeks, hence KLSE is bullish now. I believe huge foreign investment funds (in terms of billion of RM) will pour into Malaysia economy after these 6-state elections are over on 12/8/2023. Hence I expect KLSE will be a bull market in the second half of 2023. Please note that the stock market is always ahead of economy. Thank you. 15/08/2023 10:13 PM UlarSawa Very simple lah. PH need to Talk less Work more. Thats all. Haiyoh. Correct? Posted by AnakUlar > 4 days ago | Report Abuse Daddy Ular , results out already. 3-3. But PN Green wave still strong. How? 18/08/2023 5:38 PM qqq47660 Posted by UlarSawa > 3 hours ago | Report Abuse Very simple lah. PH need to Talk less Work more. Thats all. Haiyoh. Correct? ======== really meh? but politician work is talk. 18/08/2023 9:30 PM UlarSawa Not like that meh..Politician promised bintang bulan when boleh capai pun belum tau leh. Talk is cheap. Janji pun cheap. Sekarang mau janji ditepati only by work harder talk lesser leh. Haiyoh. Correct? 22/08/2023 11:36 AM UlarSawa Referee organised few more competitions and re post it at here. Those want to settle their dispute one can request referee to do so also. FOC one. Referee takda charge any service charge or minta minum kopi secawan also one. Haiyoh. Correct? 22/08/2023 11:38 AM UlarSawa So far no winner yet until today. Will follow up again. Haiyoh. Correct? 3 corners fight among the heavyduty contenders. Validity 1 year from 8/4/2023. Whoever hit the TP first is the winner irregardless the date is due in one year or not. eg. If PChem hit rm10 in Aug 2023 then FM Philip is considered the winner and referee will declare the winner. Same as the other 2 contenders if they hit first then they are the winner. Haiyoh. Correct? FM Philip PChem TP rm10 Supporters 1. SSLee Insas Cantik TP rm1.03 Supporters 1. I3 Auditor 2. Raider Triple Q Mosquito DNex TP rm0.70 Supporters 1. I3 Auditor Whoever want to support your choice of contender can add your name into the list. Referee will update it. Boleh? 22/08/2023 11:43 AM UlarSawa Walao so many sinkalan at here want Taikor mati kudasai leh. Since you all so panlai TP Taikor one. Referee organise another competition at here. Boleh? The terms & Conditions very straight forward. The one not hit TP by next QR out will be rewarded the Title The Best Sinkalan in I3. Today competition start on 28/6/2023. Referee will announce the winners on 28/9/2023. 1. Singor 40sen in next 2QR 2. ks5S 50sen 3.BursaVulture 50sen no deadline better dont TP 4.$$buysell$$ wait 70sen 5.Jipun Penkianat 40sen since last few Qtrs Never give up. 6.Dickyme 55sen 7. williamh 60sen garanti kambing one. Whoever want to join the competition just write your TP here. Referee will add your name in the competition. 22/08/2023 11:45 AM OTB YTLPower is the best stock I recommended in 2023. Hopefully all investors are laughing all the ways to the bank. I checked, foreign funds are still net buyers in KLSE on 25/8/2023. Already hit the target price at 2.05 set by HLIB previously. The new target price set by HLIB is at 2.90. I hope this new target price at 2.90 will be crossed easily before November 2023. I still believe the target price in 2024 should be higher than 2.90. If EPS in FY2024 is 0.40, at PER=10, the target price for 2024 should be 4.00. We should have some idea after Q2 2024 result releases in Feb 2024. Good luck to all investors here. My 2 cents comments. 28/08/2023 10:39 PM UlarSawa Finally Referee can announce the result of the competition liao. Jaks today is exactly 1 week after released the last QR. Saham price closed at 22 sen. So far non of the gaduh gaduh one hit the TP leh. All also kira losers lah. But Referee no matter what will give a very fair judgement decide the winner lah. The winner are the one closer to 22sen one kira win lah. 30 - 22 = 8sen 22 - 15 = 7sen So the winners are those picked 15sen one lah. So the loser have to leave the forum from now onwards. Hope the losers be a jantanman dont ever come here anymore. Fair or not. Haiyoh. Boleh? Since here ada dispute Ular will act as referee again create one competition for the suka gaduh gaduh one at here to settle their dispute once and for all. Haiyoh. Boleh? Term and condition. Simple one. Referee set a price ceiling and lantai price for both sides to choose. The loser will have to leave the forum forever. Competition result is next one week after released the coming QR. Who think can pecah ceiling price 30sen one join this group. 1.Lengchai (Felix888) 2.Current SuperPromoter JohnChew 3.Shareview123 Who think can pecah lantai price 15sen one join this group. 1. Shoplot Auditor 2. joyvest 3. Hope those gaduh gaduh one can fill your name at here . Boleh? 05/09/2023 5:23 PM UlarSawa JohnChew jadi SuperPromoter at Jaks lost again leh. This time really lost to ShopLot Auditor leh. Look like JohnChew and MikeTikus never win a single competition at all leh. Lost to SSLee and Sifu now lost to Shoplot Auditor lagi. Kesian. Haiyoh. Correct? 05/09/2023 5:26 PM i3admin please take action on Mikecyc abusive and cyber sexual harassment commentAuthor: Sslee
Dear i3Admin,
I welcome everyone to post their diverse opinions/views on investment in i3 so that all can benefit from the diverse information and make their informed-investment decision. But nowadays I am deeply saddened and disturbed by many i3 comments: Full of hatred, falsehood, cursing, trolling, provocation, insulting each other, name-calling and worst of all twisting and turning other people word into cyber sexual harassment.
Mikecyc, you are what you are; the lowest of the low, the worst of the worst, the most disgusting, despicable and utterly distasteful person I ever come across. You have cross the red line onto indecency with your twisting and turning other people word into cyber sexual harassment.
I quote Mickecy’s below recent repeatedly posting which to me is the last straw that broke the camel’s back on indecency and my tolerance on abuse of free speech/opinion.
Jun 12, 2023 11:52 PM | Report Abuse Haha only the Pon Pon Bon 888 aka Ah Boyy Felix 888 is liccking ard ppl Bunttut n add Snakey oil to his Bunttut loh .. later got Show ke .. what a pity loh just for RM 10 Tickets.. oh KFC morning meal ke … hahahaha
Jun 12, 2023 9:46 PM | Report Abuse Haha atau tengok Blower Pang72 sama sama Tiger Show dgn Young blower Income wif yg ran away ke … hahahaha
Jun 12, 2023 9:33 PM | Report Abuse Haha apa malu Bapak Ayam Ularcacing .. mau bid lagi Anakularr 2 yg bukan Dara ke … itu saya bagi Bid RM 300 cukup loh … hahahaha
Jun 12, 2023 4:41 PM | Report Abuse Haha Haiyoh Cepat Cepat Bapak Ayam Ularcacing Ada Competition bagi Bid Anakularr 1 Dara leh … nanti I turun Harga bid leh …. Hahahaha:
Haha as Bapak Ayam Ularcacing said Anakularr 1 in TG is underage ke … still Dara ke … Ok ok I bid rm 10,000 if Dara with doc certification loh … 10 years back .. a Vietnam Dara only bid RM 5000 loh … many many KFC meal oredi loh RM 10,000 .. Bapak Ayam Ularcacing want open Competition for higher Bid ke
Jun 12, 2023 1:17 PM | Report Abuse Haha i3Lirker … nowadays stand street business dekat Jln Alor tak baik ke … Bangla pun tak mau shoot yr base ke sudah tua ke … became licking sslleee Toe to claim Roti Kosong ke as posted across forums to Promote New Master ke ..
I now urge i3Admin to do what is right for this respectful i3investor community by taking action on Mikecyc and his many ID before i3investor forum descending into a playfield for cyber sexual harassment abuser and abuser of free speech/opinion
Falling to take action will leave me with no choice but leaving this beloved i3investor for good as I do not wish to be associated with forum that tolerates cyber sexual harassment. May I suggest I3Admin should report this sick man to MCMC for abuse of cyber sexual harassment as he belongs to jail or mental health institute and not in i3investor respectful community.
Thank you
Best Regards
Lee Soon Sheng
PS: UlarSawa, thank you for your arrangement of competition and since I won (walk over) against the most disgusting, despicable and utterly distasteful Mikecyc. And my reward is for loser to get lost from i3 investor forum forever, will you please arrange if in 10 working days time i3Admin do not take any action against Mikecyc then you can take matters to your own hands by rallying all the right-minded i3investor commentators to report abuse on all the Mikecyc’s abusive and cyber sexual harassment comments?
 Income Wow. Sslee, at last you kick start the process to take stern actions on Mikecyc. Mikecyc, every day, never fail to post his defamatory past posts in i3. I hope i3 admins take this complaint very seriously. 13/06/2023 9:35 AM  calvintaneng Absolutely agree! Mikecyc & SEE_Research should both be banned for forever for so much Hate Speech See 13/06/2023 9:51 PM curiousq OMG!! trolling king get banned? but they can easily transform and come back 13/06/2023 10:08 PM i3lurker Celebrations and Congratulations to sslee https://www.youtube.com/watch?v=wNn7ThzgwDk https://www.youtube.com/watch?v=pfli3V_fURU&t=262s 13/06/2023 11:05 PM calvintaneng SEE_Research kena banned again? Well Done i3 Admin WELL DONE https://klse.i3investor.com/web/cube/profile/see_research 14/06/2023 2:10 AM calvintaneng Mad Mikecyc also banned WELL DONE i3 FORUM ADMIN TEAM CLAP! CLAP!! CLAP!!! CLEAR THE HATE SPAMMERS OUT https://klse.i3investor.com/web/cube/profile/Mikecyc 14/06/2023 2:12 AM probability i dont know about this mikecyc, but considering sslee request i think i3 should ban him... personal note to sslee, have you tried just avoiding responding / interacting with such trolls...usually they will stop by themself...not sure how this happened 14/06/2023 2:43 AM calvintaneng Probability The only way i know so many have just given up on i3 forum due to spammers with incessant abusive hate speech full of distortion, lies and abuse think of a city like Detroit when thugs moved in people fled and whole place get condemned No body will feel at peace in a place where people cannot even walk safely due to muggers and thieves so enforcement to keep peace and ORDER IS A MUST WHY SINGAPORE SO VERY EXPENSIVE AND YET PEOPLE CHOOSE TO LIVE THERE? ANSWER IS THIS: SINGAPORE IS VERY VERY VERY STRICT. EVERY CITIZEN KNOWS. EVERY VISITOR KNOWS. THAT IS WHY I COULD GO OUT TO ANY PLACE IN SINGAPORE AT ANY TIME OF DAY OR NIGHT WITH FULL ASSURANCE OF SAFETY AND TOTAL PEACE OF MIND SO LET I3 ADMIN TEAN GUARD AGAINST HATE SPAM POSTS AFTER BANNING AND BANNING THERE WILL BE A TIME TO JUST BAN FOR LIFE LIKE DRUG PUSHERS AND MURDERERS ARE SENT TO JAIL OR IN SINGAPORE GET HANGED ONLY THEM WILL THERE BE LAW AND ORDER 14/06/2023 3:29 AM Sslee Good morning probability, personal note to sslee, have you tried just avoiding responding / interacting with such trolls...usually they will stop by themself...not sure how this happened Since I make my apology to Windy1974, I have totally ignored this troll even this troll still everyday hanging Big Fitnah, insulting and sexual harrassment banner on me and other i3commentator untill I blow my top and ask UlarSawa to arrange a fair competition my Armada with his CapitalA and loser get lost from this i3forum forever. I won (walk over) and he still continues insulting and sexual harrassment other that prompt me with no choice but to write to i3Admin. Posted by Sslee > May 7, 2023 7:54 AM | Report Abuse X Windy1974 is right, I shouldn't stoop to Mike level and throwing insults but I can't help when Mike insult my idol Robert De Niro who have a very strong character. My apology. Windy1974 SSlee. You have lowered yourself to slandering? If you can't take the heat, just stay away. If you enjoy the attentions, then you better withstand the heat. 06/05/2023 10:36 AM 14/06/2023 6:37 AM Johnchew5 FlyingEagle FlyingEagle | Joined since 2016-11-10 Investing Experience Intermediate Risk Profile Low Followers 0 Following 0 Blog Posts 0 Threads 76 14/06/2023 3:51 PM KenLee60 Posted by Johnchew5 > 16 hours ago | Report Abuse Hoho I recalled I saw Mikecyc post that he is being bullied by Calvin with a rape photo in his blog as a Newbie on 2019 .. Seems he is stand firm n defending on himself , not like Konartist whom is crying ard , used other Kon words to do insulting , then crying again . 15/06/2023 2:47 AM KenLee60 Stock: [ARMADA]: BUMI ARMADA BERHAD 9 hours ago | Report Abuse Hoho is Konartist le is leaving? 15/06/2023 2:48 AM Jackson48 Hahahaha why Lee so lembik cannot stand to defend himself ? And even not reply on Mike posted his Lies ? And also Mike posted Facts n Figures in Insas , just ran away but keep posting in AAX n Capital A ? Mike did posted reply in AAX n Capital A . 15/06/2023 4:39 AM Johnchew5 ocbc ocbc | Joined since 2015-07-26 Investing Experience - Risk Profile - Followers 0 Following 3 Blog Posts 0 Threads 540 15/06/2023 5:17 AM Sslee @Mikecyc Johnchew5 Hoho see the one said will leave .. still thick thick skin ??? 14/06/2023 9:44 AM KenLee60 Stock: [ARMADA]: BUMI ARMADA BERHAD 9 hours ago | Report Abuse Hoho is Konartist le is leaving? 15/06/2023 2:48 AM Johnchew5 Hoho thanks to Lee for issued this Blog .. more konn , actor n blower are here n to be exposed… hahahaha 15/06/2023 5:19 AM Johnchew5 2023-06-15 05:04:48 Hoho wow Mike vs so many konn in different forums at same time , being abused then retaliated easily get flag report until suspended. Recalled Callvin 3rd Jail is due to doing promotion of a Stock in over 20 forums … I don’t even had a chance to see the post oredi being flag report to post removed n being Suspended. So desperate loh , Win or Lose ? Manpower is a critical factor , better not same name in all the debating forums … Haha n Hoho team manpower Shl be increasing loh … hohohoho Since the kunn seems grouping Mikecyc please stop it. I know you are the same coward hiding behind your above multiple ID to harass and mocking me in my blog and even mocking i3Admin Terms and Conditions of Use and Community Standard. Posted by Johnchew5 > Jun 14, 2023 12:00 PM | Report Abuse Hoho sslleee what is suspended and banned ??? I respect i3investor house rule on suspension for an offender/abuser Mikecys: Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 08/08/2023. Please refer to the Terms and Conditions of Use and Community Standards of this portal Suspension is a cool off period for offender/abuser to do self-reflection and repent (your abusive twist and turn other i3commentators word into insult and cyber sexual harassment) Some offender/abuser did reflect and repent and return as a useful contributor to i3community or enjoying lepak/chit chat/friendly banter (teasing/joking) with many friends in i3community. But sadly Mikecyc you do not have the capacity for self-reflection and repent, hence I will write a letter to I3Admin this weekend on the need to amend i3investor house rule on those repeat/un-repent offender/abuser from using multiple ID to continues abusing/mocking i3investor Terms and Conditions of Use and Community Standards 15/06/2023 6:57 AM StartOfTheBull While the one who exposed the truths banned from posting comments, those big bullies that write with humility words on i3 innocent readers are being left off the hook. 15/06/2023 7:46 AM StartOfTheBull If this person can, why can't the others do the same? ********* probability 14,200 posts Posted by probability > 1 day ago | Report Abuse i dont know about this mikecyc, but considering sslee request i think i3 should ban him... personal note to sslee, have you tried just avoiding responding / interacting with such trolls...usually they will stop by themself...not sure how this happened 15/06/2023 7:59 AM
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