23 December 2016, Penang, Malaysia - Ace market IT company MQ Technology Bhd choose to liquidate shares in the wrong time at the wrong place. Having just subscribed for RM0.10 per share from Right Issue, substantial shareholders are selling shares at RM0.05 just weeks after Right Issue, has raised eye brows.

Here are the proof of suspecious share price manipulation activities.

MQ Tech share price drop from RM0.12 to RM0.085 on 14 Dec 2016 with 48 million shares traded. Share price also drop from RM0.12 to RM0.05 from 14 Dec to 23 Dec. 9 days drop 58%.

MQ Tech unusual volume churning on 14 Dec, 16 Dec,  20 Dec and 22 Dec 2016, total about 150 million churned in those 4 days.

MQ Tech warrant was sold down on 14 Dec 2016 from RM0.06 dump to RM0.025, with 208 million shares traded in 1 day.

MQ Tech warrant gets dump on 14 Dec, 16 Dec, 19 Dec and 20 Dec, total churned 250 million in those 4 days.

Paid Money to for Right Issue (at RM0.10/share) and Sell for 60% discount (RM0.05/share) in less than 9 days?

Ever since the under-subscription of Right Issue, MQ Technology Bhd raising only RM28million, minus cost maybe net raised RM26million cash, and having purchased 51% of Melacca empty land which may cost up to RM20million, the balance RM6million would be used for Melacca land project development, and the great Cambodia "fraud" casino and hotel which may cost over USD50 million (RM220 million). Both projects added up together combined would cost maybe RM300million?

Big question is, where to find Santa Claus to finance the balance RM300 million - RM6 million = RM294 million great story?

I know you, do you know me?

The company added some pepper into the main dish with the appointment of 2 Indian directors which are said linked to Indian tycoon Ananda krishnan. "Some long lost relative or something", said a reminsier who read The Star newspaper.

(Disclaimer: respect this "real" relative of Ananda in the picture please. The father and son I strongly believe have nothing to do with this kind of fraud!)

It's because of this news published in The Star and few other paid newspapers cooking the curry hot pot, the spicy dish looks yummy.

When everyone jumps into the party, only to find out the curry fest is a fraud. There is just curry water with no chicken nor potatoes!

One truth for sure - we all know you Teh Eng Huat & Goh Boon Soo!

The tale of a con master's double Goh Boon Soo (a.k.a Goh Yang Eng) last few days announced disposal of 58,166,666 warrants on 14 December 2016, the same day another fraudster Teh Eng Huat dumping similar amount of shares. Both shareholders especially Teh Eng Huat are potentially committed crime of spreading rumors (fraud actually!), and breaking insider trading rules by selling off shares in massive way ahead of bad news announcement. Teh Eng Huat also might have breached his fiduciary and statutory duties as Executive Director of public listed MQ Technology Bhd.

14 December 2016, 7pm, Bursa Malaysia announced the Cambodia casino news is bogus and "impossible to verify" since the proposed Casino location is just 100km away from Nagacorp monopoly casino. Hong Kong listed Nagacorp is the only company which can operate casino business within 200km from capital city of Cambodia. MQ Technology Bhd new Indian director replied "agreed, there is no talk with Nagacorp, I am liar!".

Why would a monopoly tycoon like Nagacorp willing to even listen to an Ace-listed Indian chef’s curry chicken cooking recipe?

Market is more curious if Teh Eng Huat = Goh Boon Soo (a.k.a Goh Yang Eng)? The fraudster(s) is/are taking minority shareholders for a ride, thinking of producing a fraud news close to holiday season, and expecting the newspaper and authorities are sleeping. They can just rob from 14 December 2016 until 23 December 2016 (today), the last day of trading before Christmas. Maybe new year?

Santa Claus is in town and he's early, but taking Christmas gifts from every family!

By the way, The Star, Bursa Malaysia and Securities Commissions all went holidays!

The Bursa Malaysia market is having year end "FREE TO ROB SEASON". Rob all you can!

Financial Fraudster Alert

Changes in Sub. S-hldr's Int. (29B)

Particulars of substantial Securities Holder

Details of changes

Currency: Malaysian Ringgit (MYR)

Securities held after the change is 103,000,000 Ordinary Shares (24.833% of issued shares)


The form was received on 22 December 2016.