Hi Guys & Gals,

To All in i3 Forum, Friends who Visit, Bursa Officials, CID, ISA, Govt Dept, Anti Corruption Dept, Bankers, Lawyers, Judges, Teachers, Housewives, Hawkers, Stock Brokers, Remisiers, Fund Managers, Foreign Funds, President, Prime Minister, Sultan, Day Traders, Gamblers, Value Investors, Company CEOs, CFOs, UFO,   Taxi Drivers  & All Others,

I want to highlight  conversations with fellow Investors of Karambunai and I cut and paste them as below:

calvintaneng jt888 Calvin, do u have any advice on whether to sell now at 5 sen or wait & see if MGO goes through? 
03/05/2016 11:43 

Calvin answers, 

Everyone should REJECT SUCH LOW OFFER! This is like Daylight Robbery of all shareholders! 


GiveMeFive 

NTA is around RM0.145, hope SC will not approve this unreasonable offer. 
03/05/2016 13:34 

GiveMeFive, 

According to Calvin Tan Research's calculations 

The True NTA of KBunai is more than 20 cents per share! 

BURSA SHOULD MAKE IT MANDATORY FOR ALL LISTED COMPANIES' SUBSTANTIAL SHAREHOLDERS TO REVALUE ALL THEIR ASSETS 

BY AT LEAST 2 INDEPENDENT VALUERS (CERTIFIED BY PUBLIC BANK) 

Only then all WILL KNOW THE TRUE INTRINSIC VALUE OF EACH LISTED COMPANY'S ASSETS. 

And then Only Accept Proposed Privatisation of Any Counter. 

Today is perhaps a historic moment for all 

STARTING WITH ALL SHAREHOLDERS OF KBUNAI 

Regards, 
Calvin Tan 
Republic of Singapore 

"RIGHTEOUS EXALTS A NATION, BUT SIN IS A REPROACH TO ANY PEOPLE"

03/05/2016 20:42

As all can SEE from my conversations There Is An Urgent Need from the Authorities in Bursa to PREVENT COMPANIES FROM BEING UNJUSTLY TAKEN PRIVATE FAR BELOW ITS ACTUAL AND TRUE VALUE.

At Least 2 Independent REAL ESTATE VALUERS (Approved By Public Bank, MayBank, CIMB Bank, RHB Bank or Hong Leong Bank)  Should Be Appointed To Give A Thorough VALUE OF ALL THE PROPERTIES OWNED BY THE SAID COMPANY TO BE PRIVATISED.

Many of the ASSETS & LANDS, PLANTAITIONS, SHOPS, FACTORIES, WAREHOUSES, OFFICE BUILDINGS, INVESTMENT PROPERTIES LIKE CONDOS, BUNGALOWS, HOUSES Were Bought Long Ago Still At Old Book Value.

So To Take A Company Private without a thorough Update & Revaluation of All Its Assets is NOT TRANSPARENT.

In this Case of KBunai it is tantamount to Day Light Robbery!

So All Who Happen to Read This Please e mail or write to Bursa & hasten them to do this

1) BEFORE PRIVATISATION IS ALLOWED. MAKE IT COMPULSORY THAT ALL ITS ASSETS & REAL ESTATES BE REVALUED BY COMPETENT HONEST APPOINTED VALUERS (At Least Two) (Valuers Approved By Established Malaysian Banks)

2) ONLY THEN DETERMINE WHAT IS FAIR FOR ALL SHAREHOLDERS

3) FAILING WHICH BURSA SHOULD REJECT PRIVATISATION FOR THE PROTECTION OF MINORITY SHAREHOLDERS

On This Day of 3rd May, Year of Our LORD 2016

Yours truly,

By Calvin Tan Research