For the construction of N. Why N never get small projects to make profit to self pay construction business. What investors saw was, N keep supportinf company expenses since being blackmail by former owner enemy. What the management paid to property consultants, were fully reported and awarded property project. Their fund raising clearly shows N have fully complied to business processes. How come nobody question who paid the construction business cost, including net people cost for many years as well as land and building debt payments. So if a company keep spending on these, their ah long creditors will be worry. Some big investors also worry. Who will pay for right issue? Investors. If construction not making profits, N should find new business.

Minorities want to see N progress and find business until making profit. Again, look wide enough, little accounting knowledge will see where money spent. Too mercy and too soft the former owners. Help people, spent money, still get miss perception. More pitty us, the tiny minorities.

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Smartmaster. In guess you are so smart, should be able to see big picture how N being sacrified by the former owners to help buy out protasco chong ket pen. If not already study whole picture, what you think N trouble is only internal if not trigger by external? As a caring small investor, public information alone if pay enough attention, not difficult to see the cause of problem.

Lets see from begining.
1. Chong ket pen got sideline by protasco owner in Jun 2012 (search bursa malaysia announcement).
2. Chong ket pen desperate find N former owne and his investors help him. November 2012, N former owner and investors buy over Protasco shares become new owner.
So where you think these investors colletoral "borrow money from"? If hedge fund, means legal guai-lo Ah Long, they will sign asset and shares pledge.
3. Chong ket pen do a project himself as per bursa malaysia recors, he is the "only executive director". Who to blame if he didn't do it right? Project got any issue, he either careless or not transparent enough to find solution. Bursa announcement shows he just want to find excuse to kill his new shareholders and control protasco. Result is as is, nothing to argue.
Then by killing his masters, what he did? He made up fake reports, sue people and cause his victims lenders all call repay debt. All the poison he put out side is to divert attention, to cause the victims suffer in hope they lost money and cannot fight back anymore.
4. So there goes your N being drag down. Without bank project financing for 2 years, so who is funding the company expenses for 2 years, or some rm30million? The rich suppliers? Or former owners? Which creditors so good forever "funding free money" to pay for cost? They may have ask Ah Long collect, so N has to sell assets and pay off. Also N because of an unfaithful chong ket pen who wanta to bury his boss to self own the boss company protasco. Again, the result speaks, chong from being fired, hired and rob and own protasco. The people who help the croc being bite by the croc. And N suffer. Nobody needs to argue.
5. N also spend the money to rescue their business. Of cause if you are being wrongly defame as gay and HIV carrier, who wants sits beside you. Business suffer and comes down, innocent staff and suppliers need to be paid. N paid and try their best for the minorities. They could have fired and cut supplier but they spend money to sustain them. Pitty them. So N being used by chong to cause his rivals busy. Project delayed. M has to find new business and successfully found some.

If you are caring, why not apply jobs and bring business to N? Would you spend 30million 2 years to pitty staff and suppliers, something minority like us wish can help but helpless? End of day is profit. I can see they did a job trying to help all shareholders. Before seeing the whole picture, dont simply think and presume what happen.

Truth is, many investors with insight knew N former owners bought protasco and helped put Chong back into protasco. Knew no matter what grandma story, chong rob the control. There is a limit N can keep self spending. We wish they self survive and turn company around to save our investment. Unless you are not shareholder, nobody will want to see their investment goes down.

My 2 cents