Insas directors are generous with themselves and their family members but stingy with minority shareholders. A 1 sen dividend a year is miserable and they might as well offer minority shareholders a good price and take it private.

Contrarian, it's more than that, you have not figured in what his son and daughter, who works in Insas, and his other family-controlled companies own.

OK, guys, thanks to Goofy 8020’s link to the document written in Chinese on 15 April 2015 and Insas AR2016, my take is as follows:

1 Insas PA + 1WB can be surrendered for conversion into 1 Insas ordinary share.
1 Insas WB + payment of RM1.00 entitles the warrant holder to convert his warrant to 1 Insas ordinary share.

Insas PA is today trading at around RM0.97 and Insas WB at 0.39

It is small wonder why none of the 256+ mllion warrants have to date not been converted into ordinary shares. Which fool would convert into a share worth around RM1.00 today when he can sell the PA and WB for a combined value of RM1.36?

The writer wrote about the 2014 AGM in which minority shareholders vehemently resisted the passing a resolution for directors’ fees amounting to RM60,000, which was dropped. The writer’s contention (an erroneous one, I think) was that that led to Thong Kok Khee accumulating more PA and WB so that he, if needs be, could converted that into ordinary shares and have the increased voting power to overrule objections to the resolutions he wanted pass.

I say the writer was erroneous in his conclusion because Thong has enough voting power even in 2014 to ram through resolutions. AR2016 stated Thong, his brother and M&A equity stakeholdings as follows
1. Dato’ Sri Thong Kok Khee * 166,064,962 25.05%
2. M & A Investments International Limited 124,420,289 18.77%
3. Dato’ Thong Kok Yoon ** 74,203,648 11.19%

I think Thong relented at the time because of minority shareholders’ wrath over the poor performance of the share. Even this year, compared to a lot of other counters, Insas is still a poor performer. And that is so, I think, because the directors were more busy doing things to ramp up Inari shares when they could have done the same things to ramp up Insas shares.

Thanks, Goofy. Now until Nov 23 is almost a month, lots of time for the Thongs to spread rumours to generate speculator interest.

3101575000, I tried to download the linkhttp://tradingandpsychology.blogspot.my/2015/04/insas.htm/ in Mandarin but this message appeared "Sorry, the page you were looking for in this blog does not exist"

Anyone knows when company will announce 1Q results?

Contrarian, leno's a lady, no, a female? Maybe she's a CANTEEEEEEEEEEEEEEEEEEKKKK tranvestite. OK, I think I can take the nonsense now you have given me a clearer picture.

leno, lu mana sikolah lulu ? Your poor Malay reflects on you.

leno, thanks for the information. No need for insults, people could say you have poor upbringing.

Insas's financial year end is 30 June and the Y/E 30 June 2017 results already out. How come the Insas 2017 AR is not available for downloading from the net? Can I3 Investor make it available for us small investors?

goody8020, subscribing for new shares requires approval from Bursa and would be public info, so that notice should not cover it. As for warrants, it depends on the terms of the warrants' terms in regard to conversion into ordinary shares and also should not be covered by the notice, I think.
I am not 100% certain whether the notice actually exempts directors from the "crime" of insider trading because there have been past cases where directors have been prosecuted for insider trading. If that is in fact the case (exemption from prosecution because of the notice), then ordinary market players like us would surely be at a disadvantage because the directors of Insas hold all the cards and we outsiders are just conjecturing as to what they could be up to and what the 1Q results would be like. Still I think Insas shares will be in for wild swings after the 1Q results are out, whether a sharp up or a steep down is presently in the realm of speculation - for me at least .

Goofy8020, Re your query: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD, I think the three directors and major shareholders namely Dato’ Sri Thong Kok Khee, Dato’ Wong Gian Kui and Dato’ Thong Kok Yoon are putting you guys on notice that they will either be selling - or buying - Insas shares ahead of the accouncement of 1Q2017/2018 results. This is to ensure none of them can be accused of insider trading since they have put all you guys on notice. Where they will buy or sell, it's up to you to make an educated guess.