Will attend PUC proposed acquisition of Pictureworks's EGM on 26.4.18 !

1MDB ( 1 More Draught Beer) again ? Cheers Bottom Up !!!

Hope company announced something interesting !!!

Good news coming ?

Something coming, any news ?

Provided that the company can survive or rescue, the best bet here is its Loanstocks (7183LA) !!!

As of now, minority shareholders have only themselves to blame as they r not united enough to present a collective complaint to SC/Bursa etc to open investigation on Abric/Directors who had 'misled' them to vote 'for' the EGM's proposals in 2016 in that the 'main intention' under the then proposals is for the company to be wound up n any sale proceeds to be distributed to shareholders. In addition, there r never any specific proposal then that the company also alternatively can continue operation with new venture as an unlisted company using 'funds' from sales proceeds of remaining assets.

Minority shareholders concerned need to do something by say grouping together to voice out their collective objections by reporting to the relevant authorities, newspapers etc before their share of money from sale of properties to GDex vanished into thin air very soon !!!

All minority shareholders adversely affected by Abric decision to continue operation as an unlisted company must grouped together to lodge a complaint or proposal to Securities Commission and Bursa to get Abric to give an escape route for dissenting shareholders to exist the company by selling their now delisted shares to the major shareholders !

0007 My name is Bond, James Bond !!! Ha Ha Huat !!!

new year ang pau !

Not sure putting anyone behind bar or sueing those rascals helps this company. What it need most now is to get the right people to run it to revive the company !!!

Yes, PW buy is a good investment at that price with profit guarantee !!!

Agreed with Ah Kow, Ali dan Muthu, just revive the business n I salute u. Don't waste further time n resources on those personal disputes. Maybe it's time Bursa to have a blacklist of Directors/ major shareholders for the public to be aware of !!!

Would really appreciated a kind person to give a brief precise translation on what happened in the EGM as reported in Nanyang !!!

Con job; Before delisting :Winding up + further distribution, after delisting : continue with new dubious ventures !!!

What happened ? Mr, Pui also voted in favour ? Worst news just before new year with no escape route for dissenting shareholders !!!

LA 27sen + 5sen = share, WA 24.5 sen + 10 sen = share, WB 22 sen + 10 sen = share

Pray n hope there are no more crooks in this company !!!

U can do it immediately (but u must pay for it first) n complete the necessary paper work with the necessary form n cash option payment of another 5 sen per LA conversion to share, the whole process should take about 3 weeks depending also in the Registrar concerned !!!

Same !!! Should be OK !!!

Buy LA for conversion purposes only if u believe that share price will at maintain or at least not drop for more than 4 sen from now due to the time lapse for conversion. If feel that price will drop by that much or more, don't buy even the LA n esp the much more expensive PUC shares. But note in share market, nobody will guarantee make money !!!

Horizon123, No gap? LA still a better buy always due to 1) earn fixed interest 2) rank priority before share for liquidation purposes 3) Gearing effect

If u have the shares and intend to hold it for sometime, it best to arbitrage now ie. sell the share PUC n buy LA !!!

Key difference between LA and PUC shares (also WA & WB) is that generally the later are more active and hence more liquid and then probably more speculative. Mind also that there is a time lapse during conversion whereby the share may drop n reduce the price difference beside the necessary admin work for conversion

sell also both WA & WB and switch into LA which is cheaper n also has interest yield !!!

Whether win or lost, those attending the EGM should suggest to the BOD to have a possible escape route to those who do not wish to continue to hold shares in an unlisted company such as maybe those majority shareholders/ directors made proposal to buy out all those dissenting shareholders shares at a certain price acceptable to both parties or other acceptable solutions !!!

Current BOD comprises Ong 'Con' Family members have about 30+% total shareholdings n for us to be quite sure to win 'against' we need the assistance of Mr. Pui, the only other major shareholder with about 25% !!!

jack8, it is not necessary to name a proxy and if u don't mentioned the proxy name, the Chairman of the EGM will vote according to your wishes on your behalf as your proxy if u put 'X' in the column under 'against' in the proxy form in the EGM Circular. But make sure u complete all other details, signed n then send Proxy Form to the Registrar, Tricor Investor, to reach them at least 2 days before the EGM date on 27 December !

Landed properties to be sold to GDEX but blood sucking Directors want to use it as risk capital for their 2 new so-call ventures to further siphon out the money into their pockets !!!

Lodged complaints simultaneously with MSWG, Bursa & SC today !!! & will vote against the proposed 2 new ventures on 27 December !!!

N childcare business, try kidding me !!! Shameless, what experiences have the fu****g directors in such 2 new ventures ! Just fund the business on their own if they want n return $ to us as we don't want to invest in a delisted company with fishy directors !!!

EGM for company to use sales proceeds for new business ventures and not to return to shareholders esp the minority ones as promised earlier !!! Never trust the directors who been enjoying 'Gaji Buta' for more than a year and now want to continue with their own selfish agenda !!! Please vote against new business proposal n insist on return of money as previously promised as the company is now no more listed with no protection to minority shareholders !!!

Everyday all time lower n lower !!! Hopeless counter !!!

Value emerging, noted Q3 loss RM274 million but market cap down more than RM2 billion in 2 days !!!

Noted Company suffered only RM274m Q3 loss but market cap dropped by RM1433m yesterday !!!

Another batch of conversion to shares at 25 sen !!!

Attend AGM on 12 December n see what excuses Francis Yeoh give again for this non performing counter !!!

Where is the detailed circular for sale of Abric Properties plus EGM ??? Pray that sale is not rescinded due to tardiness of Abric's directors !!!

Still awaiting further news from new Directors/Management on future direction of company's business n operation besides loads of litigation matters and internal house-keeping !!!

After dividend x-date on Monday, 4 December, price of SIME will be further adjusted down n hence putting more downward pressure on both C14 & C15 !!!

Why no similar adjustment news yet on SIME-C15 ?

Last call tomorrow n then 1 becomes 3 companies !!!

Directors sleeping again !!!

Hopeless company. The only company with recent rights issue whereby subscribers lost lot of money !!!

Pray no more sabotage of company !!!

Company just done rights issue n got 'rights' money, unlikely to be delisted !!!

Bursa tipu small retail investors ! Agreed with apolloang !!!

Ya steady as a rock @ stagnant !!!

Total no. of shares still o/s should be around 147,182,000. Net book value of Abric properties was RM15.3m but sold higher at RM19.3m under SPA