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.

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?

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

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

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.