Dear All,

I've been focusing on several construction projects and unable to pay attention to the forum recently. However, I noticed my absence for just a couple of days had allowed the creditors who were fabricating the accounts to scam monies from Ageson Berhad (7145) to spam in the forum.

Hence, I would like to fully expose what these people are doing.

The story begins as such. The "victim(s)" had tried to attack both AGES and ARBB. If you noticed the time frame of spammers in which they comment, usually they can never comment at both forums at once. We can confirm these people are a same group of spammer trying to defame the company.

Some investors actually reached me to identify the issue about dilution. I'm not sure the spammers comes from University of Sleep at Home or what, but they actually lacks the base, fundamental knowledge in corporate finance. First of all, the dilution comes from issuance of convertible preference shares. Now bear in mind preference shares does not have controlling rights, nor their shareholding were shown in the SSM / CTOS yet.

I've reached to the relevant authority, and the status is in the midst of updating.. So once I got the latest info I will slap these people with the letter from the governing power.

So, both the "victim" received convertible preference shares in which they could convert and acquire up to 90% + stakes in Prinsiptek (M) Sdn. Bhd. (or simply known as PRINSIPTEK)

It is on their free will to whether to convert the company or not, but I believe the previous management DF (We all know who we talking about) had been pointing fingers and being ultra irresponsible on the debts. And based on our source, this individual work together with the creditors to defame ARBB and AGES cause he got kicked out from the company!

Never mind that, back to the real problem. These "victim" had requested for preference shares previously instead of common shares with actual voting rights.. Aha! Now we know what they are up to..

In short, yes. The "victims" actually have the controlling stake of PRINSIPTEK. And for the company to wind up it had to go through BURSA and SSM. It is not child's play to wind up a company. Make some sense lah.. You really think investors stupid isit..

Then, these people also accused that the accounts of AGES is fake. Again, I believe emilysiew1 who had actual accounting background as per our conversation had explained the reason behind the positive operating expenses. Let me give you an example; had you seen tax charged to a company being a positive figure?

Exactly. Accounting had reversals, write-back and so forth. So. next time when you try to attack, pick up an accounting book (or google) before you try to defame the company.

Nevertheless, having dealing with the company for some time, I can say that they had been really good paymasters (As long as you do the job!) And I can't sit and watch these idiots defame the company further. 

So for investors out there, I hope this clarifies your thoughts! 

Cheers, and happy investing.