support 2.44
next support 2.33
next support 1.96

Kanger cash reserve from 120m to 0.46m now.
It is time to callhome and ask family members to send 100k ransom money

Do not dabble in this type of billion toilet paper printing company.
If you are trapped , it is like being held in northen Mymmar Golden traingle cyber scam concentration camp.
Your family members will be asked to send $50k ransom money to rescue you.
After receiving $50k,you still cannot walk free.
You will be put in tiger cage and submerge in dirty river waters, leaches sucking your whole body.
They will demand more money from your family, failing which you will be sold to organ harvesting synicate.
They will start to dig out your organ . No anaesthetic given. Skin alive !!!!!
They will show video of you being tortured till your family go borrow or sell houses to redeem you.
Still you will not be freed after paying $200k.
YOu cannot escape , because thare are barb wires all around your detention center. The underworld armies are closely monitoring 24/7 over the whole cyberscam detention camp.
The advice is , do not go near Mymmar Golden Traingle penny stocks.Once in, no come back

This a joke issued by Mtronic to Bursa on 19th Sept 2023

METRONIC GLOBAL BERHAD ("MGB" OR "THE COMPANY")- EXTENSION OF TIMEFRAME FOR THE
UTILISATION OF PROCEEDS RAISED FROM THE PRIVATE PLACEMENT WHICH COMPLETED ON 30
SEPTEMBER 2021

The jokle is Mtronic is left with 0.47m cash now.

Most likely another joke will be coming soon...
RI of 300m new shares ...

something ishy about TSH land sale in Kalimantan.
It has been 9months since the 700m sales, but 273m still not record in the TSH book yet.
Any one know where has the money gone?

I heard about rubbish-to-electricity story at least 10 years ago.
It started with rubbish.
Later oil palm waste to electricity
Now rubbish again to electricity.
So can anyone share just 1 company that has announced,gone into this project since 10years ago, and brovo produce a clean sui sui result?
None i guess. Please nullify my statement.

Is it going to be the biggest Oil palm plantation in the world and kill the CPO imports from Msia and Indonesia?

On August 8, 2023, Assam Chief Minister Himanta Biswa Sarma announced that the state government had initiated a large-scale oil palm plantation project in partnership with Patanjali Food Limited (PFL).

The ambitious project is an initiative to achieve Prime Minister Narendra Modi’s goal of self-sufficiency in edible oil production. The venture will bring 370,000 hectares of land under monoculture plantation, according to the announcement.

What happen to Kanger cash of 120m+ after the right of 2.8b shares?
Now left with 0.68m.
Is it another PP/RI/ESOS coming again?
Dont be trapped when pump up comes, it is for insiders to run and attract sotong to enter buy.

WHEN will PEARL GLOVE refund the 4.44m (full purchase price) paid by AT Sys while dilligence was conducted?
Have you heard of CEO ,paying full amount ,while doing due dilligence?
This is first time in history, a CEO pay FULL AMOUNT while doing due dillegence.

4. NOw the court takes 3 years already, still no news.
Why is it soooooooooooooooooooooooooooooooooooooooooooooooooooo difficult for the court to complete the case? Is it a rocket science problem or just a simple case?
How does a court system works? How does the court registrar handle a case?
Who is the court registrar?.

5. If SC dont bother about this $4.4m money being lost, that mean no hope for retailers. It mean SC will close one eye when another case happen again.

Thedgemarkets.com
Yafiqah Salim

January 05, 2021 22:15 pm +08

AT Systematization sues glove firm’s shareholders to recover money after cancelling acquisition

KUALA LUMPUR (Jan 5): AT Systematization Bhd is suing the shareholders of Pearl Glove (Malaysia) Sdn Bhd to recover RM4.4 million, after abandoning its planned purchase of the glove maker.

The group said its wholly-owned subsidiary AT Glove Engineering Sdn Bhd filed the suit against Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon at the High Court on Dec 31, 2020 ( Glove bull run terminated in Sep 2020)

AT Systematization said AT Glove had signed an agreement dated June 26, 2020, with the shareholders to purchase their shares in Pearl Glove for RM3.44 million. A deposit of RM687,800 was initially paid to the shareholders.

When you buy shares of a company, you are buying the business future of the company.
W BUffet will tell you this type company has NO business future.
Only print ,print and print toilet paper.
What does the company produce? PP/RI/ESOS/MOU, billions of it, which are useless rubbish to retailers.
Since no business, you are actually buying rubbish produced by company.
You are free to buy, no body can stop you.
But all you get after next few qtrly reports are rubbish,rubbish and more rubbish.
Say NO to RUBBISH printers.They will take your money and give you billions of rubbish.
The reason why it is dangerous to be trap in this type of companies is they will keep dumping more ,more more RUBBISH to you, till you are drowned DEEP DEEP UNDERNEATH THE BILLIONS OF TONS OF RUBBISH.
Penny stocks can buy,buy those that dont keep on producing rubbish for months and years.

Punters should stay away frompenny stocks related to Fintec/AT/Hongseng/Classita/Vsolar/Trive/Lamb and many related compnies.
Mohd Sufian Bin Awang resigned as NE director of Hongseng.
He was Political Secretary of ex PM Najib.
Now you understand why they can keep ESOS/PP/RI twenty of billions of shares among the so many related plc companies without fear.
NOW SC has decided ,enough is enough. Either you perform get lost. After eating so many tons of "soft rice", you think these pasasites will perform?


Other penny stocks not related to these group can punt.

These company have no business plan.
Directors are earning few hundred thousand rgt to millions ,gaji buta.shake legs
Jan 2021 20:1 consolidate NOSH from 4b shares to 200m
Apr 2021 , RI 5:1 , 200m share balloon to 1.2b share
July 2021 , PP 20%, 1.2b become 1.44b
Oct 2021 , ESOS 20% ,1.44b balloon to 1.72b

So their qtrly business activities are print toilet paper, print toilet paper and print toilet papers
They are paid millions for eating and sleeping in the toilets.
The amount can come to 10 of millions if you add up the few dozen companies that are PRO TOILET business, under their control.
All these money are from retailers generous donation and loyalty in holding their counters.
In fact, they might offer pecialcash reward of 50k rgt for retailers who buy and hold their shares for 1 business cycle, meaning from consolidation to RI/ESOS/PP to consolidation again.

Mohd Sufian Bin Awang resigned as non executive director of Hongseng.
He was Political Secretary to ex PM Najib !!!!!
Now you understand why they can keep ESOS/PP/RI twenty of billions of shares among the so many related plc companies without fear.
SC has decided ,enough is enough. Either you perform get lost. After eating so many tons of "soft rice", you think these pasasites will perform?

Guys, the syndicate are engaged in non constructive activities, not related to the objective of capital market principles of building a business and increase shareholders value. If you check their qtrly revenue, some not even 1m per qtr. And 20 qtrs of continuos loses.

Money raised from RI/PP/ESOS are used to dabble in stocks of other company which are also doing the SAME thing.

Please take note of those penny stocks that are famous for
1. MOU, which they never honor,
2. Pump and Dump, followed by
3. Ann of RI PP, ESOS
There are easily about 30 of these type of company, control by a group of directors.
Company that are prrsistently enganged in 1-4 above do not work hard to increase shareholdes value. Why? Because they think or they already have successfully con so many retailers via RI, PP ESOS, till they are very lazy to build up the business.
In fact they want the price to drop from 30c to 1c to execute the PP/Esos/RI. The sooner retailers gang up to boycott these parasites useless company, the better.

NetX pays RM20 for Sungei Wang Plaza retail units that come with RM32. 8m court settlement liabilities. KUALA LUMPUR (Sept 3): Loss-making NetX Holdings Bhd is acquiring the holding companies of six retail units in Sungei Wang Plaza that have court settlement liabilities for a nominal sum of RM20.3 Sept 2021

1. LG001-D, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
2346 sq ft

2. T-136, Sungei Wang Plaza, Jalan Sultan
Ismail, 55100 Kuala Lumpur
570 sq ft

3. LG001-2, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
1173 sq ft

4. LG001-1, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
1054 sqft

5.LG001, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
656 sq ft

6. LG001(A) & (B), Sungei Wang Plaza,
Jalan Sultan Ismail, 5
279 sq ft

Lot LG001-2 and LG001-1 under the SWH Properties which is currently rented out
at monthly rental of RM31,000 and RM24,000,

I was in Sg Wang plaza few weeks ago,trying to locate those units purchase by Netx, but could not find a single one after going round for half an hour. Fishy is the feeling i
have. In case you are there, can try locate them.
After paying 30m+ for the asset(bailing out someone),where are the rental revenues? Can anyone spot any numbers in the latest report?

AT system drops from 30c to 1c now.
Should you buy?
NOSH 6B shares

How a newbie can lose 95% of his capital buying penny stocks @12c ?
Penny stocks counter can drop from 50c to 1c easily , within 6 months , and you will lose 98% of your capital.
Some like HONGSENG ,drop from 3 rgt to 10c . It is worse than 1987 stock market crash .
What if you wait for it to drop to 1c and buy?
You will also lose 90% of your capital.

This is how it happen...

Lets say after buying @2c, it drop to 1.5c and finally @1c it goes ex 20:1.

Original 200 lots become 10 lots after 20:1 consolidation.

b4 ex, you have 200 big lots x 2c i.e. 200x20 rgt =$4000 rgt
after ex , it becomes 10 big lots x 20c i.e. 10x 200 rgt =$2000 rgt ,lost 50%

Now you have it ,50% wipe out on first day after ex 20:1
Your problem does not stop here.

Based on 99.99% syndicate operations, after going ex,the price keep dropping at least another 80-90%
It will slowly drop from 20c to 15c to 12c to 10c to 8c to 5c to 2c. to 1c... after few months to 1 year

Your original 200 big lots b4 ex @2c($4000 rgt) now become 10 lots@2c ($200rgt)
95% wiped out.
Never expose your capital to a 95% kind of loses , say NO to repeated and repeated kind of ESOS,PP,RI,MOU infested stocks.

Why penny stocks dont drop from 12c to1c in few weeks?
Normally it takes few months.
This is to maximise on pulling in more victims via RI, ESOS,PP etc..

How to predict in advance that a company is hiding a fraud?
1. The company change its external auditor very often.
2. The company change its financial years often to delay issue annual report
3. The company accountant/financial controller come and go like hotel guests.
4. The company ACCOUNT RECEIVABLE is 2 times higher than account payable. Money stuck or goods sold to cronies.
5. The company keep printing billions of shares to suck cash from shareholders.
6. The company seems to go to court often to "sue" a third party for not paying the debts. The 3rd part may also be the cronies actually
7. The company has almost zero revenue but still seems to survive.
8. The company seems to take huge bank loan, or 2 years later issue huge right shares "for working capital and pay bank borrowing".
9. ‘Meteoric’ rise in both revenue and profits DESPITE industry outlook, are also red flags. Say industry average growth is 5%, but this guy shows 50% growth, not one year, but last 3 years, very fishy.
10.The company only sells its product to one customer. Obviously it is easier to be in cohhort with one party instead of many parties. Goods sold become huge bad debts
11. The company buys few FERARI for its directors...Megan Media...
12. The company cash flow and profit imbalance. If its getting wider year by year, avoid.
13. The company reports FAKE revenue of billions,fake growth......to sell their bonds
14. Tyco International USA. CEO and CFO siphon off $150m USD via loans to directors. Beware of some listed NON-FINANCIAL company also having money lending license. EKRAN Ting Pek King, took 700m fromEkran via the company money lending license. $700m was never paid back.
15. NETX ,ACE counter, is holding money lending licence.
16. The company buy a $5m asset, MAKE A FOOL OF THE FOOL PAYMENT OF $5M, while due dilligence is going on.

For refernce, bursa syndicates
https://thecorporatesecret.com/blog/2023/03/23/mafia-korporat-panas-arah-ng-keok-chai-letak-jawatan-pengarah-semua-syarikat-victor-chin-boon-long/

folks, google "Asset Kayamas problem"

avoid L&G projects.
VEry high % of construction defects experienced by owners, tile pop up after 2 months of receiving keys.
Tiles poping out 2 years after taking keys.
Messy management, swimming pool turn fungus pool.
Even monthly water bills not ready every month,need to wait 2 weeks due to no workers to read. Can you believe got this type of management?

A RICH buyer of bats in Indonesia came to a village. He informed the villagers that he will buy any qty of bats from them at 0.8 usd per bat. Soon villagers were busy catching bats to sell to the rich trader.

Few weeks later , less bats were caught by the villagers, the trader up the offer to 1.0 usd per bat. When less and less bats were received, the rich buyer up the offer to 1.5 usd. Soon there were no bats in the market.

Having collected 70% at 0.8 usd, 20% at 1.0 usd 10% at 1.5usd, the rich trader hinted to his assistant he will offer to buy any bats at 5 usd after he come back from a Kalimantan trip.

The good news quickily spread from the assistant to the whole village. He even tell them to keep the good news to themselves. Dont tell other people ya.
Rich trader will offer to buy new bats at 5 usd when he return in 1Qtr 2023,as demand will exceed supply by the restaurant when new mega city is built in Kalimantan. New capital city of Indonesia to boom. Demand for bats will skyrocket to 10 or 20 times.

Every villager is in frenzy hunting for bats but catch none. The assistance later told the villagers he will sell secretly to them the rich man stock at 3usd, later they can sell to the rich man at 5usd in 1Qtr 2023. When the news spread, the whole village grab all the bats from the assistant at 3usd. The rich trader and his assistant even send macai to join the frenzy to buy @3usd. In the end, all bats were in the hand of the villagers. Having accomplished his mission,the assitant also left town.
The villagers eagerly waited for the rich man to return, 1Qtr 2023, but there is no sight of him. Neither can they contact the assistant.
High expectation turn into dissapointment when by end of 2023,still no sight of the richman and his assistant.

Under Mahathir for 22 years $S1=$1 rgt in 1980 become $S1=$2.5 rgt. Under Najib become $S1=$3.3 rgt .

Singaporean Malay is very happy than Malaysian Malay , when they come to Malaysia ,buy food and shopping @ $1=3.4 rgt.
But Mahathir try to cover up corruption and the gradual death of ringgit, by saying LKY is racist, bla bla bla.
Malaysia got land,got CPO,got Rubber,got tin mine,black gold,got river sand. Singpore got nothing. Why ringgit keep dropping against Singapore dollar?
Singapore Malay so much better, earn factory worker $S2.5k salary already equalS $8.5k rgt,can live like bank manager
Dont try to cover the corruption that stangle the rgt.
Mahathir was so angry with LKY, because he cannot cover up ringgit keep weakening from $S1=$1 rgt to $3.8 rgt during his rule.
Many embeded corruptions can be hidden,but you cannot cover up the writing on FOREX EXCHANGE notice

This Pasukhas has been doing consolidation 2 times last few years
2021 ,if you have 100lots, it become 10 lots( 10 to 1)
2023 c/f 10 lots now become 1 lot (10:1 ) again
In actual ,your shareholding even worse than 100 lots become 1 lots
After raping you, the management, dilute your holding by issuing another billions shares via RI/PP/ESOS
for example Pasukhas now NOSH is 170m shares.
Very very soon,there will RI of about 1billion new shares @6 shares for every 1 share held.
So from originalof 100 lots 4 years ago,you are being raped, and raped till you become vegetable .
LETS US AVOID THESE TYPE OF LEGAL RAPIST stocks in BURSA
SO NO TO RAPISTS stocks in Bursa
How to identify Rapist Stocks? Rapist Stocks have the history of 10 or 20:1 consolidation, , RI,ESOS,PP ,MOU .
These stocks haves sucked at least 5-10b rgt of retailers money into their bottomless hole.
By avoiding these bottomless pit, and diverting to no Rapist stocks,we will see BOOM in Bursa mkt.

Something IS MISSING???
300m cash from the balance of land sales has gone "bahvest gold"?
The conman said few months back it will appear in May qtrly report.
Can anyone spot it anywhere in the latest qtrly report?

Reference is made to the Company’s announcements made on 5 January 2021, 18 June 2021, 6 July 2021, 1 September 2021, 26 October 2021, 30 November 2021, 7 January 2022, 14 February 2022 and 22 March 2022. The Board of Directors of ATS wishes to announce that the trial dates for the case from 5 December 2022 to 7 December 2022 have been changed to 12 August 2024 to 14 August 2024 by the High Court of Penang.
You see, why postphone till 2024? something not right.
We will keep monitoring this even if postphone till 2050 !!!!!
This announcement is dated 21 November 2022.
==================================
1. AT system going to print 6.6b x 20% =1.32b new toilet papers via ESOS.
Dont be rubbish collector , avoid bad rubbish dumpster.

2. Monitor the 4.44m money ,3 years already still no refund. This 4.44mis the FOOL amount for the purchase of glove factory. Where got people pay FOOL amount while still under due diligence?

3. WHEN will PEARL GLOVE refund the 4.44m (full purchase price) paid by AT Sys while dilligence was conducted?
Have you heard of CEO ,paying full amount ,while doing due dilligence?
This is first time in history, a CEO pay FULL AMOUNT while doing due dillegence.

4. NOw the court takes 3 years already, still no news.
Why is it soooooooooooooooooooooooooooooooooooooooooooooooooooo difficult for the court to complete the case? Is it a rocket science problem or just a simple case?
How does a court system works? How does the court registrar handle a case?
Who is the court registrar?.

5. If SC dont bother about this $4.4m money being lost, that mean no hope for retailers. It mean SC will close one eye when another case happen again.

Thedgemarkets.com
Yafiqah Salim

January 05, 2021 22:15 pm +08

AT Systematization sues glove firm’s shareholders to recover money after cancelling acquisition

KUALA LUMPUR (Jan 5): AT Systematization Bhd is suing the shareholders of Pearl Glove (Malaysia) Sdn Bhd to recover RM4.4 million, after abandoning its planned purchase of the glove maker.

The group said its wholly-owned subsidiary AT Glove Engineering Sdn Bhd filed the suit against Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon at the High Court on Dec 31, 2020 ( Glove bull run terminated in Sep 2020)

AT Systematization said AT Glove had signed an agreement dated June 26, 2020, with the shareholders to purchase their shares in Pearl Glove for RM3.44 million. A deposit of RM687,800 was initially paid to the shareholders.

AT Glove also advanced a loan repayment amount of RM3.71 million to Sim Guan, Lai Heng, Hai Hong Holdings and two others for monies owed to them by Pearl Glove, the group said.

It said that after a due diligence exercise was completed on Pearl Glove by AT Glove, the latter was unsatisfied with the result of the exercise.

“On Dec 11, 2020, a termination notice was issued by the plaintiff after further negotiations with the defendants were unsuccessful,” said AT Systematization.

The group said that under the terms of agreement, Pearl Glove’s shareholders are to return all money paid including the deposit and loan advance to AT Glove, after the termination notice.

It added that all attempts in the recovery of the money were futile and thus legal action was taken.

if we assume PWroot is a MLM, being sold thousands of outlet ,revenue per qtr is 107m only.
Soooooo......who is the underwriter for DXN,maybe they can give us more info.

https://klse.i3investor.com/web/stock/financial-quarter/5318

15 years ago,the company was listed with NOSH of 300m.
Now it is listed with 4.98 B I L L I O N S nosh !!!!!!
Time to slaughter the retailers.

For the past 30 qtrs, gross profit margin is about 15%.
How come IPO time gross margin ballon to 30%?
And the qtrly revenue suddenly swell 800%?

MLM company revenues.
DXN about 400m per qtr
beshom about $50m per qtr
zhulian about $35m per qtr
Amway about $350m per qtr
So DXN figures is the best.
???
DXN mkt cap 3.5 BILLION RGT !!!
Amway mkt cap only 900m rgt.
Beshom mkt cap 330m rgt
Zhulian mkt cap 830m rgt

HIS IS SUPPOSED TO BE CASH COW OF COMPUGATE 12 YEAS AGO. TILLNOW THE $$$$$ IS GOING TO WHOSE POCKET ?

Agarwood is known as “Gaharu” by the Indonesians/ Malaysians and as Chén-xīang (沉香) in Chinese.
Formation of agarwood occurs in the trunk and roots of Aquilaria trees that have been infected by a type of fungus. A dark resinous heartwood called the “Gaharu” is formed in result of the infection and is highly valued for its distinctive fragrance used for incense and perfumes.
A kilogram of unprocessed “Gaharu” heartwood can fetch as much as RM 10,000 per kilogram. Distilled “Gaharu” essential oil can command up to RM 100,000 per kilogram and the price is expected to rise due to increasing international demand.
Leaves of the tree is processed into Gaharu tea and is also highly sought after by the Chinese and Japanese for its many medicinal qualities.
In 2004 all Aquilaria species were listed in Appendix II (potentially threatened species) by the Convention on International Trade in Endangered Species of Wild Fauna and Flora.


Compugates Marketing Sdn Bhd (“CMSB”), a wholly-owned subsidiary of the Group ventured into agriculture in year 2010 through their pilot project of Gaharu cultivation in Kuala Kangsar, Perak. 25,000 Gaharu seedlings were planted and the Gaharu plants are thriving

Assuming each tree produce 1kg of sap per qtr ($10k rgt)
25,000 TREE X 10K RGT = $250m rgt

Instead of billion dollar revenue, CON-PUGATE release 16 qtrs of continuos loses.

MACC should investigate this company 25000 trees and where the billions of revenue has gone to?

if my calculation is correct, last 10 years, should see profit of billions ya.... MACC, this is where you should dig into and find out the truth

very infomative. Keep for reference. The web of abuse in corporate plc is as dirty as Msia politics. Better tick to fundamentally sound companies. These type of "growth" companies are filled with lots of worms.
https://thecorporatesecret.com/blog/2023/03/04/rahsia-mafia-korporat-malaysia-victor-chin-boon-long-peralat-penguatkuasa-terbongkar/

NetX pays RM20 for Sungei Wang Plaza retail units that come with RM32. 8m court settlement liabilities. KUALA LUMPUR (Sept 3): Loss-making NetX Holdings Bhd is acquiring the holding companies of six retail units in Sungei Wang Plaza that have court settlement liabilities for a nominal sum of RM20.3 Sept 2021

1. LG001-D, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
2346 sq ft

2. T-136, Sungei Wang Plaza, Jalan Sultan
Ismail, 55100 Kuala Lumpur
570 sq ft

3. LG001-2, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
1173 sq ft

4. LG001-1, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
1054 sqft

5.LG001, Sungei Wang Plaza, Jalan
Sultan Ismail, 55100 Kuala Lumpur
656 sq ft

6. LG001(A) & (B), Sungei Wang Plaza,
Jalan Sultan Ismail, 5
279 sq ft

Lot LG001-2 and LG001-1 under the SWH Properties which is currently rented out
at monthly rental of RM31,000 and RM24,000,

I was in Sg Wang plaza few weeks ago,trying to locate those units purchase by Netx, but could not find a single one after going round for half an hour. Fishy is the feeling i
have. In case you are there, can try locate them.

Bukit Antrabangsa landslide disaster 2008...
One victim said..
“We fell victim to the incestuous relationship of our politicians and businessmen. This is not a ‘natural’ disaster as they claim, because it was human failings that caused it. The least I can do is ensure that (other) Malaysians do not suffer as we have.”

‘Common sense suspended’

Farid, who bought his house 16 years ago, claimed that he had found out too late about ‘irregularities’ in the development projects in Bukit Antarabangsa.
Bukit antarabangsa landslide victim farid ungku abdul rahman interview 12th Dec 2008, State forestry officials had allegedly told him a few days ago that his house stands on de-gazetted forest reserve, and that whole of what is now Bukit Antarabangsa was once a water catchment area !!!!!
Recent lanslide @Genting Gotong Jaya at the foot to Genting Highland was caused by underground water flow.
Could the new highrise projects near Genting divert the water flow to the disaster area. Were there environmental impact assesment done before the projects started?

NOW SELANGOR GOVERNMENT IS GOING TO DEGAZETT ONE FOREST RESERVES/CATCHMENT AREA FOR CRONIES PROJECT

Remember Ting Pek Khim, Ekran boss?
Ekran , via its money lending license loan $746m to Ting,the MD of Ekran.
This $746m rgt was actually the delayed payment for Ekran fast paced Langkawi Air Show and Display center and hotel.

Of course ,the $746m were never recovered.

Now some one ask NETX got money lender license?
NETX HOLDINGS BERHAD

Bursa Announcement
Description

NETX HOLDINGS BERHAD
- ACQUISITION OF 49% EQUITY STAKE IN MOUNTAIN MONEY SDN. BHD.

The Board of Directors of NetX Holdings Berhad (“NetX” or “the Company”) wishes to announce that E-FX Sdn. Bhd. (“EFX”), a wholly-owned subsidiary of the Company, had on 28 October 2021 acquired 416,500 ordinary shares in Mountain Money Sdn. Bhd. (“MMSB”), representing 49% equity interest in MMSB, for a total consideration of RM171,500.00 only (“Acquisition”).

MMSB was incorporated in Malaysia as a private limited company. MMSB is a licensed money changer registered under Bank Negara Malaysia. Based on the latest audited financial statements of MMSB as at 31 December 2020, MMSB was recorded a loss after taxation of RM113,377 and net assets of RM748,470.

The directors and shareholders of MMSB prior to the completion of the Acquisition are as follows:
Directors/ Shareholders No. of shares % of issued share capital

Chong Yuen Fook 510,000..... 60%
Chong Mun Hoe 340,000...... 40%
Khor Loong Chay
Tota l 850000 ...........100%

The Edge has wriiten a 2rd article about HIDDEN HANDS BEHIND PENNY STOCKS on Apr 2021
earlier article was in 2020

https://www.klsescreener.com/v2/news/view/818927/special-report-hidden

SC is in cohort with thiwves? Why daylight abuse and manipulation no action?

SC to show how Ricky Wong siphoned over RM50m from Bright Packaging Industry via rights issue, private placement, ESOS
Author: savemalaysia | Publish date: Mon, 5 Apr 2021, 4:09 PM

KUALA LUMPUR (April 5): The Securities Commission Malaysia (SC) intends to demonstrate how Datuk Ricky Wong Shee Kai siphoned approximately RM56 million from Bright Packaging Industry Bhd (BPI) via a series of corporate exercises between 2013 and 2015, comprising a rights issue, a private placement and two rounds of an employee share option scheme (ESOS).

In his opening statement for the trial, which commenced this morning, senior lawyer Datuk Lim Chee Wee, representing the SC, told the court that defendants Wong, his mother Teh Sew Wan and Wong SK Holdings Sdn Bhd contravened the Capital Markets and Services Act 2007 (CMSA) in using devices, schemes or artifices to defraud BPI and/or engaging in acts, practices or courses of business which operated as a fraud upon BPI.

Both Wong and Teh are directors of Wong SK Holdings. Wong and Wong SK Holdings were represented by lawyer Datuk Harpal Singh Grewal.

"The evidence shows that the proceeds were paid out by BPI to suppliers of BPI, who were in actual fact nominee companies controlled by the defendants.

"These monies were eventually transferred to the defendants. The monies were paid out by BPI after each BPI corporate exercise within a very short period, ranging from one day to two weeks after the completion," said Lim.

The lawyer alleged that these companies were controlled by Wong and used as a front to propel the defendants' fraudulent conduct, which resulted in an unlawful pecuniary gain of at least RM56.07 million.

The nominee companies allegedly received monies from BPI following each corporate exercise by way of cheques authorised by Teh, based on fictitious transactions, which were eventually transferred to Wong or Wong SK Holdings.

The SC in its investigation also found that the monies from each exercise were transferred from BPI via layers of these nominee companies, which ultimately ended up in either Wong's HSBC account or Alliance Bank account or Wong SK Holdings' AmBank account.

Besides using these nominee companies, Wong allegedly provided the funding for former BPI director Datuk Seri Syed Ali Al-Habshee's subscription to the rights shares and the subsequent disposal of the shares and the transfer of proceeds to Wong.

Syed Ali, formerly the Umno Cheras division chief, claimed to have had no knowledge of his subscription and disposal of the rights shares, as well as the transfer of proceeds to Wong.

Moreover, Wong also allegedly provided funding for five BPI employees to subscribe to the two rounds of ESOS, although the five claimed that they had no knowledge of their respective subscription to the shares.

Syed Ali and the five employees, namely Chew Chen Nie, Lee Woan Jiun, Chan Kok Leong, Kok Meow Imm and Teoh Hock Heng, will be appearing as witnesses in the trial, along with 14 others.

The first witness to appear in the court was TA Securities deputy vice-president of corporate finance Sim Hui-Leen, who went over each of the corporate exercises during examination-in-chief by Lim.

Cross-examination by the defendants' lawyers, meanwhile, is slated for Sept 21 as the trial has been adjourned after the discharging of Teh's lawyers Datuk Nicholas Kow and Emile Ezra Hussain — as she felt that the lawyers cannot act in her best interest.

Judicial Commissioner Anand Ponnudurai warned her that there will be no more postponement once the trial resumes in September.

"There will be no further adjournment. Please appoint new lawyers by this week. If the lawyers come into the court saying that they are not free on the dates fixed, please find other lawyers," he urged the defendant.

Syndicate already pump up MUIP yesterday from 17c, today is to dump the babies to late comers.