.It start to drop from 0.13 to 0.07-8 when they announce the stupid ICULS conversion + this 100mil notes. Directors are not perforrming, who know the main purpose is to make the company lost money so that minor shareholders sell the share and they collect, else why they even bother looking for ICULS revise from 2 to 1, why bother issue notes 100mil, intention can be seen, 司馬昭之心，路人皆知

Tanco want to issue notes worth 2bil shares for only 100mil with par value 0.05, and the EGM is 26th July, I personally thankful for Bursa to block them from revising the ICULS, at least the Bursa team is working on making sure malaysia market is good for minority shareholders. Hoola!! But I think bursa only need to block them from issuing the notes.

Tanco have 350 acres of land in port Dickson. recently on June 2013, they sold a land of 8 acres adjacent to the existing land for RM20mil, http://www.tancoholdings.com/investor/corp_announcement/2013_THB-%20Disposal%20of%20land.pdf

So now imagine 350 acres of land worth how much? Minimum value of RM875mil!!!!!
Now they also embarking on 5bil GDV, with estimation profit of 30 percent, equal to 1.5 bil profit. These Exclude the 170 acre of land in Terengganu and Pahang. This value the company at myr2.50 or if we look at retain profit, it will worth about MYR5.00

Now they trying to use this Issue of note to dilute us, the tan family and the fund is link as the fund is acting as a Proxy according to sources. Guess how much the fund charge for the fees of 100mil notes? It is whooping 7.5mil. we should block them from going through the EGM since they only have 27 percent shares. If we can gather 30 percent to 40 percent vote to vote against them, invite good manager to run this company long term, then u have next ecoworld in making!!

Ok if worst come to worst they able to go through this EGM, the share will still worth 0.37 cents (875mil/2.3bil shares)

*note I invested in this share!