so.... we see there are many things that not an accountant or someone familiar with the company accounting can understand .

there are many accountants here reading your questions too...but still choose to put their money here .

Dear Sslee ,


my common sense tells me no-one is so crazy to dispose a company for RM1.00 but still assume the debt of Rm170M . why not liquidate it or dissolve it since it is a limited nature .

do you agree ?

of course you are free and most welcome to contribute your valuable thought to expedite a happy conclusion for a successful investment .

I don't come here often. so you missed many powerful opposite argument to see a picture clearer .


please don't ka-ka-cau-cau , when I talk we Sslee to sort thing out one by one for the benefit of all who are interested .

Posted by ggcomliao > Jul 2, 2021 12:34 PM | Report Abuse

ask master DDK



see it yourself . such attitude and mentality how to join our group. our group is for the right people , right attitude and people of intelligent as our good friend demusangking always said.


so sad , you will not trained in the group . if not , you should know the saying " when you keep quiet is better you say something , then keep quite" . learnt ?

so far I do not see you have any proof to said Jaks still carries a liabilities of 174733667 you mentioned .

"If JIC net liabilities of RM (174,733,667) are intercompany loans from JRB then after disposal this net liabilities will be still recorded as trade or other receivables from fromer related company in JRB book and maybe some already impaired in FYE 31th 2020. If ICD cannot pay back these former related company loans from JRB then JRB need to impair the whole amount of receivables RM 174,733,667."


i think this is what you guessed. it is also reasonable to say the RM1.00 consideration include this liability unless you have a solid proof to tell it is otherwise

Deal with the management , make your point clear and simple to understand , demand for a answer .if no good , can ask again. don't need to tell whose duties and whose responsibilities , that will distract the focus .

please .... before we get a clear answer , good or bad ,from the management , do not mislead the reader here with all the questions that can be wrong or biased .


work hard to find out the truth .

see.....

you are unhappy when I tell you what to do

so......


ask what you want to know nothing else to tell more

don't jump to the conclusion too early as we are not accountant to know the work

did you verify from the most recent account , the receivable you mentioned still valid and true ?

1, I do not think any management , not only Jaks, is happy to tell us when asked who are the debtors, amount owed , reason for the debt and any specific action to recover the debt .

2. it is not proper to challenge the management "whose responsibility and accountability? if we hope for a friendly guidance .


3. I suggest you should focus on the receivable, the amount , is it still valid after the disposal or fully provided in the account ?

4, don't challenge , dont tell them what to do . a friendly discussion is more fruitful than the emphasis on shareholders right to know .

if not , then how it should be reflected in the book ?

Dear Sslee,

let's talk about the liability first before we go to other .

"..... So when ICD bought over JRB 51% equity for consideration of RM 1.00 did ICD took over this net liabilities of RM (174,733,667)?"

"....If you sold off the JIC for consideration of RM 1.00. That mean your Balance sheet accumulated loss from JIC of RM 89.1 million is taken out from your Balance sheet and considered as gain of disposal of RM 89.1 million."



Is it right to say RM1.00 included the cost of liabilities ?

Posted by laughingmosquito > Jul 2, 2021 9:59 AM | Report Abuse

sslee@
dont ask a dude to answer! simple!


everyone has a role to play in this forum , your mission in the forum is what as exhibited as you are . I accept and respect your role

hope you have the wisdom to understand what i said

I did not violate the group code of ethics . it is a public statement made by the company during the AGM

for your reading pleasure , one of the question we requested for management guidance is as followed


Quiestion : is the amount owed by JIC to the group fully written of ? if not, what is the remaining balance and when will the amount the amount be received ?


Answer : Adequate impairment provision had been made .

Good morning dear Sslee,

we are both not accounting trained , we can only comment based on common sense .

before I attempt to answer your question , do you mind to answer my question first why there is disposal gain in the year 2020 statement ? how it is calculated ?

any more question or contribution of thought before I feel you are very boring

Antfakeguru1 You sound like you make loss kikiki
Stop following those fb guru lar
Kikiki
01/07/2021 3:02 PM



then I follow you lah....
what can you give me ?

Posted by Sslee > Jul 1, 2021 3:00 PM | Report Abuse

Nowadays you can actually make an artificial snow and show it to autumn cicada



you are very wise . I like to talk to wise man

my belief ,
price is moved by sentiment ,
jaks has all the good news but lack sentiment .
we got to make this forum hot
when the sentiment is aroused
nothing is impossible

Aseng is not weird ,

he is kind .

a quality not an autumn cicada can understand snow

Posted by Antfakeguru1 > Jul 1, 2021 2:39 PM | Report Abuse

Aseng loss many here.kikiki




You wang to pay me ?

Bible is Bible . you is you

the Bible never said a liar can not read a Bible to you .


aiyoh..... sorry .... kuih break .





Posted by i3lurker > Jul 1, 2021 2:34 PM | Report Abuse

ggcomliao, This is what the Bible says about Secret Societies.

ggcomliao, If you are a muslim, please disregard this, its not meant for you at all.

Thats why I had never ever joined any secret societies.
Wanna say anything,.... say it out openly and publicly without fear.



Ephesians 5:12 ESV
For it is shameful even to speak of the things that they do in secret.

John 18:20 ESV
Jesus answered him, “I have spoken openly to the world. I have always taught in synagogues and in the temple, where all Jews come together. I have said nothing in secret.

John 3:19 ESV
And this is the judgment: the light has come into the world, and people loved the darkness rather than the light because their works were evil.

what is kuih break?


that is a secret shared among group sisters and brother that make everybody laugh blowing up the sky . hahaha...

take a kuih break first . will come back to you later

talk reasonable do not involve any emotion ,like or dislike , no fact can not be well discussed

I want to see how you twist the fact

he must be very disappointed now . this is not the answer he wants .

so who are you ??


this question is as difficult as Sslee question for the director to answer

Aseng look like a nasty ghost but very safe .
do you want to be ghost .
I think better don't .
your god already very dangerous , what more a ghost .

GG can read who is ghost who is God . I did not say you are not God . you can look like a god but very dangerous .

Aseng is nasty but trustworthy . Aseng is crude but honest

ggcomliao,



today you are not qualified doesn't mean tomorrow you can not .
Qualification is work hard to gain , not semangat AH-Q.


you know what is AH-Q?

ask i3lurker.


he joined our group earlier with a different ID and was kicked out because of ill conduct

you are contradicting yourself .

reason:

If you had never join any closed group , then how do you know the group operates





i3lurker ggcomliao

Please, never ever join any closed group, let me advise you.

I had never ever joined any closed group before since Zero years old
and dun intend to join any in the future.

In a closed group, things said cannot stand public scrutiny, that is a secret society.

Very easy to make money in BURSA, no need to join any secret society.

very very easy to make money, please dun do this joining of closed groups
01/07/2021 1:48 PM

laughingmosquito,

don't know, then ask , not asking people to shut up . your still have have a lot to learn to talk reasonably .

may be talk it other way. Brother Sslee , if the ownership of the disposed subsidiary is not any member of the BOD , do you accept the story ?

why there is a huge disposal gain ? how it is calculated . if it is true , isn't it a win-win story ?

laughingmosquito keep mouth close if dont understand!
01/07/2021 1:30 PM

see it yourself , what standard is this .

ggcomliao,

our group is special , we are generous to share with each other whatever we know , may it be FA or TA , jaks or non Jaks . we share honestly and sincerely hoping each and everyone of our brothers and sisters are well informed . we do not blame , we do not demand , we know if we practice to accept thing as it is , respect each other as a unique self as it is , the harmony in the group needs no invitation . I said you are not qualified to join the group is self explanatory by you response after my comment . cease the fire of dissatisfaction burning , tell us why it is unfair Sslee is invited and you are not .

so , I assume this intercompany transaction is allowable by company laws . I am not an accountant , i can't read figure well , so I attached myself to DK who is an expert in figures . I saw in the statement there is a huge disposal gain after the loss making subsidiary , is it true money and how they come to this figure , can you kindly explain ? I never ask DK before because anything acceptable by company laws I accept quietly if it make sense . disposing a loss subsidiary make sense to a businessman .

so, your long essay is this question only . right ?

sound reasonable , has good reason to make a police report

actually I am not suppose to reveal here too much of our discussion in the group . whatever discussed there is the sole proprietorship of the group not individual . I am very kind , I risk the action being expelled from the group to keep you well informed and not be misled by your own distress caused by price movement which is determined overall market sentiment .

for your information , all our 21 questions are satisfactory answered with reasonable and acceptable facts and figures . we are very happy with the answers and we are more confident now we are waiting at the right path .

I like action more than words. If we have a strong ground to believe it is a CBT , then make a police report . if it is acceptable by company laws , then no point to ask . why beg for their guidance ? DK can do a good job

ggcomliao, not everyone is qualified to join. you are not qualified yet

what we need is a leader who can lead us to solve the problem or got all questions answered . not a politician who can talk and talk , at the end the problem still a problem . very tire indeed .

why not join our group . we have 1400 member representing a strength of more than 10% enough to call an EGM to have all questions answered face to face . no point writing and writing and the result the same no answer or no satisfactory answers .

I believe most of the people here including me do not understand you questions well , it seems to me , 1 simple question as said above asked in many styles, interrupted by things like the duties and the responsibilities of INED. it make the matter very confused to us so is the management . never mind , that is my poor understanding of English , I will read 3 more times to understand more .