save malaysia!
Who's Invoke New & Original Investor? By Lim Sian See
savemalaysia
Publish date: Tue, 08 Nov 2022, 05:32 PM
Rafizi admitted yesterday in his press conference that Invoke as a group had lost money.
But he said one of its subsidiary is making money.
He then explained the big increase in net assets in Invoke that suddenly raised his personal net worth by saying that new investors had pumped in a big sum of money into Invoke by subscribing to new shares at a valuation of RM75mil just this year - despite the company losing money and despite Rafizi's claim that the "profitable" invoke subsidiary is on course to make almost RM1mil in profits this year.
RM75mil is still a P/E ratio of 75 times of a potential RM1mil profit.
This new investment is a big sum that is probably equivalent to RM15mil to RM20mil or about 15% to 20% of Invoke's shares.
He then justified that this RM75mil is believable because a govt agency, Cradle listed the valuation of Invoke at RM105mil.
Now here's the catch. Valuations listed on Cradle are actually provided by the company itself.
Meaning it was Invoke who provided the RM105mil valuation that Cradle then listed.
But Rafizi is also right when he said whatever sums and whatever valuation that an investor is willing to pay to take up shares in any company is willing buyer, willing seller.
Therefore, there is a loophole for a "investor" to channel funds to any company - including political funds.
They just have to agree on a super high valuation and then take up some new shares or buy existing shares from the owner to channel huge amount of funds to the target.
Let's look at some of the earlier investor of Invoke according to Crunchbase.
Invoke Partners Ltd (Taiwan) is the largest early stage investor.
But there is no such thing as Invoke Taiwan.
Invoke never partnered with anyone to open a Taiwan branch.
If you do a search for Taiwan on Invoke's website, there is zero result.
So who are these people? And why from Taiwan?
And then when you look at the directors of Invoke, a person by the name of Andrew Claster is listed.
Andrew is a senior member of USA President Obama's presidential campaign.
Obama is from the Democrats party.
They are hugely supported by George Soros, who is their main funder.
We also know Anwar and PH's long-standing links to the overt arm of the CIA. the NED.
Therefore in order for Rafizi to dispel any suspicions that his valuation is fake and that any new funding is not politically motivated,
Rafizi should:
1) Reveal the identity of the new funders this year - including identity of the original funder called "Invoke Partners Ltd (Taiwan)".
2) Reveal the use of funds for the new big investment this year. Was any spent on political use?
3) Clarify his relationship, if any, with Soros and the NED.
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