One s*hai say I own RM1mil shares.

The other s*hai says I own shares since last year mac. And then later says I don't own any share.

Between these two s*hai, I can't tell which one is bigger s*hai. They are both as big of a s*hai.

Elaine Tan admitted no shares but screw people over twice. So, u 2...how many shares you have? Or u guys are just chicken shit paid by operator to punt punt punt and behave like stupid virtual samseng. Hahahha...

I didn't know that ARBIOT got a division and run digital samseng. hahahhaha


==============================================
THEREALDEAL First thing first, it's you who said buy rm1,000 000 arb shares, not me! Second thing, I want to bet with you rj87 rm1,000,000 on arbb this year will not go for impairment review, come bet, you are a conman beggar rj87. Many people are watching you do monkey show. Haahha
24/02/2020 4:38 PM

===============================================
kenny chua elain tan, i think rj87 is the one who is holding arb shares since last year march, and he regrets it, because he likes to buy high, chase high,so he kena trap at march last year till now, laugh die me
24/02/2020 5:08 PM

kenny chua gotcha conman beggar dog rj87, you admit it. you don't have a single share here! beggar conman rj87still woof woof woof bark bark bark, hehehehe till whole night

Now, sell all already...Why sell? I tot ARBB IR4.0 gonna be RM5 company.
You not pity guys from 10Feb 2020 buyer at 29sen?

See, told u guys, punters here con lan firm f*ck you over one...And later, the company will screw u over again with funny funny corporate exercise.

See when Elaine Tan issue buy call...FASTER SELL. F*cked you over not once but twice. You would be an idiot to come f*cked over again and again.

Elaine Tan said one. Not me. =P

===============================

Elaine Tan hahaha kantoi? read carefully blind bastard kid, i sell ALL my shares at 2may 2019, and buy back in at 3feb 2020 and then sell out all again at 10feb 2020. i never keep shares cause i am a smart trader!

I tot u copy paste everything I posted. Show me where I said I bought high and sell low.

U r a liar if you can't show me where....I don't delete post unless there is a typo. It's normally immediate. ...


THEREALDEAL its true, this idiot rj87 is only buy high sell low, and now he only empty talk, rj87 did not buy any shares here but still cry father cry mother here. lol
24/02/2020 9:37 PM

I'm not ur b*tch...So, I didn't buy at all. And evidently, I strongly encourage ppl to do due diligence on this company carefully. its very dodgy to me. This is FAIR thing to say.

And got people like Elaine, Kenny and etc etc. They don't hold. They are smart trader that makes u the stupid trader. Be careful. This is a FACT...

I sailang long ago...Price don't go up first nvm...

I go prepare some facilities...

mikekim on buying frenzy
hahahahha

Only 3millions share traded? Mana 6mil share to help push the price up.

Kenny Chua and THEREALDEAL got the money, but they don't want help ARBB. Don't know why le. What do u think is the reason....They are not the stupid trader to buy high, they just want to be the stupid trader to buy high. If they really think it's still cheap. They sapu liao. 6million shares you know?

All these big boys also kalah. U think they so sorzai go buy at this price ar?

1.92% Ukay One Sdn. Bhd 5,569,700 shares
1.73% Affinity Gateway Sdn Bhd 5,001,300 shares
1.05% Boon Siong Lee 3,056,015 shares
0.78% Yan Shuen Er 2,254,000 shares

RM1.5mil total bet right? that's 6mil ARBB shares. BUY ARBB LA, bet with RJ for what? Why not all of you with that money go buy ARBB and push the price up to 30sen. It's more useful for other other investors and be more confident. Got money, but don't want buy. And thick face enough to ask every body else buy. 40mil trade receivables IS NOT a lie. You can see in the balance sheet. IF it's going to be written off or not...let SEEEEEEEE if that happens in coming quarter report lo.

Ini Elaine, dunno go which bomoh. Last year sold year high. This year bought at year low.
Very "smart". The rest of the market is stupid trader. Buy high at May, 02, 19 at 58sen from her and sold back to Elaine at 24sen. Fuiyooo...Now, she is looking for people to buy high from her again. U decide if u wanna be the stupid one again to buy high from her la. Since she bought at 24sen make her sell at 20sen as revenge. It's her turn to be the stupid trader this time. =P

you guys are so funny man.
========================================
Elaine Tan hahaha kantoi? read carefully blind bastard kid, i sell ALL my shares at 2may 2019, and buy back in at 3feb 2020 and then sell out all again at 10feb 2020. i never keep shares cause i am a smart trader! kantoi is you rj87, you calling for impairment review for arb this year is a big lie! if you are not lying go ahead and bet with the real deal or kenny chua! go?! no money or keep on lying? kantoi rj87! conman rj87
24/02/2020 12:32 PM


=================================
pigface jason fong pookey mak nick chung if you are not lying go ahead and bet with the real deal or kenny chua! go?! no money or keep on lying? kantoi rj87! conman rj87

How many more ICPS you are holding Elaine Tan? =D
Regret didn't selling everything last year May ar? =P

U wanna call me a liar also point out where mar...failing to point out where proves i'm not wrong u know? I was right about Elaine Tan won by ICPS exercise. Probably the rest of the low class name calling scammers. The name calling only proved I have exposed their scam. No way that anyone last year buy from open market makes money now. Only reason why they pok pek pok pek here is because they haven't sold all and it's dropping. When they sold everything already, do u think they will still be here?

U guys decide if u wanna buy high from Elaine. Her cost is only 1.5sen. U decide if u wanna pay her 10-15-20sen premium for her share and the trade receivables. Confident that they can collect the 40mil mar buy lo. Market cap 80mil, 40mil trade receivables, 25mil cash. Premium around 15mil. Beware that full exercise of ICPS will dilute the shares by 3-4X.

When people expose a scam, the scammer get agitate. And started name calling.

If you are not trying to scam, why are you so angry? Point out what's true about ARBB la.
Go talk if Jeff Bezos is rich has nothing to do with ARBB.

Here's a good share....'Fake Bitcoin' - How this Woman Scammed the World, then Vanished"
https://www.youtube.com/watch?v=64xcgvEJ3Ys

Go to minute 8.35. On how the scam works. In ARBB, it starts with recruiting Elaine Tan, THEREALDEAL, Kenny Chua.

Doesn't it resembles how THE"REAL" deal day in and out claims that how IOT is gonna change the world and relates it with ARBB. Just like how ONECOIN is gonna replace BITCOIN and make the banks pay. Hahahahha I still prefer things I can see.

U wanna con people...Come con with numbers...

i'm anticipating next quarter report, ARBB will pile up more trade receivables...
But to shut my mouth up, they will put in 10-15mil in cash but increase trade receivables by 30-50mil.

I think market is smart enough to see the highly dilutive ICPS and net operating cash loss.
So, to make money from ARBB, please get ARBB accounts to go collect hutang.

If can't collect hutang, it becomes hutang lapuk. Market aren't dumb enough to buy hutang lapuk.

Conmen here not very smart. Too easily exposed.

Con men exposed...read for urself...
U bought from her in May,19. U r losing money now...

there are about 1bil more shares to go...
Be careful...
_____________________________

Elaine Tan i got it's PR at 0.005 sen, plus 1 sen subscription, my cost is only 0.015 sen. and is sell at 2may 2019, how much percent i earn? rj87 you can count ? only 200%-300%? i am not those who likes to showoff, but since you asking me, then, whack into your bloody face rj87! oh paiseh ,you are conman rj87 just like kennychua said

Sorry I didn’t come early enough...

Those that bought from u in 2 May, and losing money now...put up ur hands...=D

Kantoiii Elaine, exactly...u hv benefit from the exercise...u need people to buy from u...

If it slowly turn into nothing...ur “profit” vaporize!

Guys! Elaine need to to be conned. Else, her PR don’t worth SHIT! Hahahhaa

If I don’t see u guys buy ur 6mil shares, but hoping public to buy from ur highly dilutive ICPS, yes! It’s blardy con job.

It’s bigger con job, to raise 400mil. For what?

What’s the plan that need 400mil investment?

Remember, Megan Media can con, ARBB can too...

U guys got money to support?

I’m waiting 4 of u to push the price up. Don’t get other people to support the price.

U guys confident, u guys support the price la.

No money then shut up la.

At least, even if I’m begging, take train to work or living under parents house; I don’t cheat investor to buy high from me that I can be rich.

How Elaine, do explain how u made ur 200-300% without cheating people to buy high from you.

Why con ppl come support the price for u?

U fellas reading this, ARBB is exercising ICPS conversion. These 3 clowns trying to convert their ICPS and sell to u at High. Be wise, don’t be fooled.

U got money? Go push it up la!

No money to support ar? 80mil counter only 6mil shares can push it up to 30sen. U 3 2mil shares each. 500k per person. chicken no money to support is it? No money then diam la. Why wanna con people to buy?

IR4.0...sai lang la...

Come bet with me for what? Sailang in ARBB. Show me screenshot of it IC, I will cross check with Arbb ownership. If u r right, arbb Up 100%. Ur 1.5mil become 3 mil. If u r wrong, u won’t lose ur 1.5mil unless ARBB goes to zero andgot delisted. I lost opportunity to make 1.5mil. I hv smtg to lose but nothing to gain. Deal deal?

U 2 sailang ya, I wanna see 6mil shares own by u 2 clown by the end of the day. 6mil shares enough to shoot many level of resistance.

The real deal too.

Better use ur 1mill go support the share price...if u r not in the list of top 10 shareholder, don’t come talk to me la. To push 80mil market cap company to 120-150mil cost around 20-30mil. See vis sap sap sui only. But nobody wants to push. The moment they push, 1bil ICPS conversion and sale in open market will bring the price down again.

Put ur 1mil in, I wanna one single block of transaction at 4000000shares. Price will move to 30sen and be top shareholder. This one need to pay contract note. No need pay lawyer. chicken shit like u, come pretend u r rich also fun.

If u don’t go support, additional :subdivision of the shares will bring it down to 20sen. Then we all know Kenny Chua is a lying chicken shit. Got money to come bet with RJ but don’t want to support ARBB share price. Wanna con everyone else to help support the price so that he can convert his ICPS and sell at higher price. What a bad bad person.

When in doubt, give this a read again....

Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Current Ratio: Armada (2.24/3.47 = 0.65X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(15.76/11.5 = 1.37X), Yinson (9.5/5.58 = 1.7X)

OMS
2017, Annual Revenue RM969mil, Annual Gross Profit RM403mil (Gross Margin 40%).
2018, Annual Revenue RM724mil, Annual Gross Profit RM197mil (Gross Margin 27%).
Q3,19, Annual Revenue RM232mil, Annual Gross Profit RM72mil (Gross Margin 31%) after selling few OSV fleet.

FPO
2017, Annual Revenue RM1.43Bil, Annual Gross Profit RM748mil (Gross Margin 52%)
2018, Annual Revenue RM1.7Bil, Annual Gross Profit RM810mil (Gross Margin 47%).
2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
Current Ratio: Armada (2.24/2 = 1.12X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(17.76/11.5 = 1.56X), Yinson (9.5/5.58 = 1.7X)

https://klse.i3investor.com/m/blog/www.eaglevisioninvest.com/2020-02-22-story-h1483912490-TOP_10_VALUABLE_INVESTMENT_SECRETS_MY_JOHOR_SIFU_TAUGHT_ME_REPOSTING_Ca.jsp

Take lesson number 4.

“CASH IS ONLY CASH IF THE CASH IS RECEIVED AND DEPOSITED SAFELY IN THE BANK”.

Megan Media never had a factory. Now scheme is smarter. Make Blu-ray Disc need factory.
ARBB’s product is software, ARBB raise capital and dilute the shares for what if software isn’t capital intensive. Keep selling at EPS 5-7sen la ate the moment. Sure PE will shoot up kao kao lat.

Institutional investor won't take expect, confident will in their valuation. They take what is and what is not.

When it's converted, current ratio increased to 1, 4 rolling Quarter profit, at Annualised earnings 6sen. PE 10 will be 60sen. PE12 will 72sen. Ok...u say PE not good comparison.

Then
Yinson total Asset RM9.5Bil, current liability RM1.25Bil, total liability RM5.6bil, Orderbook RM20Bil, NTA, RM1.58, Revenue RM240mil grossprofit, RM135mil(Gross Margin = 56%), PAT RM70mil. Price RM7.11 Market Cap 7.8Bil

Armada total asset RM15Bil, current liability RM3.5bil, total liability, RM11.3Bil, Orderbook RM20Bil,
NTA, RM0.59, Revenue RM520mil, grossprofit, RM198(Gross Margin = 38%), PAT 70mil.
Price RM0.40. Market Cap 2.35Bil

Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Current Ratio: Armada (2.24/3.47 = 0.65X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(15.76/11.5 = 1.37X), Yinson (9.5/5.58 = 1.7X)

OMS
2017, Annual Revenue RM969mil, Annual Gross Profit RM403mil (Gross Margin 40%).
2018, Annual Revenue RM724mil, Annual Gross Profit RM197mil (Gross Margin 27%).
Q3,19, Annual Revenue RM232mil, Annual Gross Profit RM72mil (Gross Margin 31%) after selling few OSV fleet.

FPO
2017, Annual Revenue RM1.43Bil, Annual Gross Profit RM748mil (Gross Margin 52%)
2018, Annual Revenue RM1.7Bil, Annual Gross Profit RM810mil (Gross Margin 47%).
2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

Gary Neal Christenson, joined 28 May 2018. with 35Mil shares.

Comparing the two, Armada has 2 numbers that looked like crap.
Gross Margin of Armada (38%) vs Yinson (56%). Further reduce the fleet of OSV and bring margin upto 40% or Urusharta go squeeze Petronas to give Armada more OMS job. Bring the Gross Margin to 45% ish. Sell OSV pare down debts will reduce operational cost and finance cost making better PBT margin. Current Ratio, Armada (0.65X) vs Yinson (1.86X). When Kraken debt converted to Long Term debt, Current Ratio will be (2.24/2 = 1.12X). If the impairment reversal happens. Say RM1Bil from Kraken.

Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
Current Ratio: Armada (2.24/2 = 1.12X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(17.76/11.5 = 1.56X), Yinson (9.5/5.58 = 1.7X)

This 2 company quite similar. If u don't like the debts, u discount 50% from Market Cap. Armada at least worth RM4bil at 68sen. If you don't want discount from market cap. Discount from 70% from earnings, at PE 10, is 60sen. Yinson can go buy premium. Come to Armada, discount this discount that. Really puki one.

When the outbreak happens, Armada loss by 33%. Yinson hardly lost 10%. When bad sentiments hit, u think only hit Armada is it? No. It's because yinson don't have chicken shit investor. Yinson trading at RM7 and Armada 40sen. Chicken shit like i3lurkers, spinninglotus and the naked boys dare to go there mer? Very huge difference.

What armada need to exercise is share consolidation like ICON. 5:1. Bring the price up RM2.00. Or consolidation from 10:1. at RM4. Then, u can see chicken shit go hide in reban ayam. Don't come here kacau2. If RJ87 can know what to do, these big @ss investor would have known too. The reason why it's not exercised yet leads me to believe, they purposely keep it at this price. Previous CEO and CFO impair 2.4bil and breach Sukuk covenent plunge the price from 90sen to 15sen. No way a CFO dumb enough not know about debt covenant. 2018, change both CEO and CFO, strong operating profit. Gary came in with 35mil shares. He is put there to drive the price back up creating a turnaround story. I think someone made money from the fall. The remaining question is if the fella has collected enough to close his short position and collected more to push it back up. 90sen down to 15sen made 75sen (600%). 20sen push back to 90sen. Another 70sen (450%). Sibeh SONG. Do this few round, EPF can declare 10% dividend already. =D

========================================================

mikekim I'm also expecting RM1.5bn Kraken debt to be reclassified from short term to long term.
Management has expected this to be done in Q4 2019.
Then there will be 0 liquidity risk for Bumi Armada over the next 5 years.

mikekim yesterday sapu. Today also sapu?

Or mikekim, u r saying somebody sapu 6.9mil share last min?
can be shorties covering their position.

when become 60sen. U wanna find apanama to curse also dunno where to find.

Just like you dunno where to find pearlwhite. Wait, maybe apanama is pealwhite

Current Revenue and operating profit are from performing asset - minus total operation cost (performing asset + non performing asset). If non performing asset is being sold off; you can foresee operation cost is reduced improving operating margin. Debts is reduced and finance cost is reduced improving profit margin.

The OMS expansion was a great mistake. Considering limited orderbook. No orderbook but go buy asset standby to burn cash and pay interest. Stupid Hassan Assad Basma & Leon Harland.

https://www.theedgemarkets.com/article/hassan-basma-resigns-bumi-armada-ceo-after-selling-his-stake-group

Hassan got margin call price tank from 1.8-1.0. Leon Harland claire and kraken f*cked up 1.0- 0.2. This Gary picked up Armada at pretty good price. 22sen. And start churning profits.

Along they way, dunno got how many IK that's gonna set block and get their block blown away to chase high. You see, people that play short term, they tend to clamp the price at a range. 10%, down 10%. Net 10 correct cycle, 50-100% return. Dunno take how long to get this Net 10 cycle right.

If price go up 80 sen, 10% is 8sen movement. Volatility will reduced. The time to get the net 10 cycle increases.

wsy, near term pokai lo...

I think more pokai if Armada Kraken or Olembendo got problem...if you see the operating cash, it's still very strong at about 30-40% margin.

If the monetizing asset works and debts being pared down. Then u should see finance cost drop making profit margin even more attractive. This one is 1-3 years project. When settle. Armada should worth 6billion above.

If IK go block at 40, next week 100mil profit....his block it's gonna get blown away like cotton...

Then he start his sell 40sen buy 45sen project again...wakakakkaa

Jn2020 proved how ignorant is MentalWarrior...

When collect, just collect. No need come tell lies to get cheap.

Redeployment of Claire in Brazil basin not priced in yet...

Armada every quarter also pay few hundred K to maxis for telecommunication services

THEREALDEAL, Amazon Q4,19 earnings beats estimates. Jeff Bezos is USD15Bil richer.
Is ARBB make going to make RM1Bil in revenue?

If buy ICON at 8sen, sold at 80sen like urusharta did, u made whopping 1000%.

The problem is if u buy at 80sen and now it's 12sen, u think should be concerned or not?

Show how did u come to this number 200% from 5%? I think it has something to do with ICPS. Now, people without ICPS, how to do what u did?


Elaine Tan I now has 15% invested in shares

Already up 200% from 5%

So why are you guys so concerned ?

Most of it is profit

HEHEHE

Follow ME

MY calls all to buy winning shares

"Whatsoever he doeth shall prosper"

" Joseph was a prosperous man because the LORD is with him"

U queue 41sen, u r helping shorties....Imagine retailers suddenly shift the block from 41sen to 45sen. Shorties who already short at 40sen will hv to buy back at 44sen....

Die kiao kiao...strategy in the morning is to set the block at 41sen while buying at 40sen. If you see large IDSS volume. Then in the afternoon, shift block to 45sen. And sell back to shorties the share they sold to you at 40sen.

Sanichi Technology Berhad, an investment holding company, is engaged in the design and fabrication of precision moulds and tooling for use in automobile, home appliance, audio visual, computer peripheral, electrical and telecommunication industry in Malaysia. It also offers plastic injection and conventional plastic injection moulds. The company was founded in 2000 and is based in Johor Bahru, Malaysia.

suddenly, got a subsidiary called Sanichi Property. Developer for Marina Point. Ahahahaha...
Investor kena pu nicely there. haahahhaha

The ICPS can be converted into new Shares at the conversion price of RM0.20 ("Conversion Price") in the following manner:

(a) by surrendering of such number of ICPS with an aggregate value equal to the Conversion Price to be converted for 1 new Share; or

(b) a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Share.

Total issue ICPS 1000mil shares.
Proceed from corporate exercise of ICPS 10mil
Proceed from share capital via conversion of ICPS 42mil/0.2 = 210mil shares.

opportunity lies at those held mothershare before ICPS. ICPS at 0.01sen. Add 0.2 to convert. Sell open market 0.275 to 0.4 by setting value trap. Making 30% to 90%. This exercise only benefits the company and ICPS owner. You buy in now, you are gonna deal with 800mil shares dilution.

Knowing this fact, its not all bad. At least, there are still 800-1200mil ICPS holding on their share. Either don't hv the 20sen capital to convert or believe ARBB can do better.

Current Market Cap of 80mil, Current asset is worth 77mil.
Full conversion of 800 outstanding ICPS will add another 160mil to 240mil will cash into ARBB.
making total Current Asset worth 240mil to 320mil. So much cash...no plans...now, I don't know where the 45mil investment went to. No words about it. Don't be surprise if ARBB becomes like Sanichi. You know, raise money from equity...then become a developer...

If market value this business at Market Cap 400-450mil, then the price is 0.24-0.265. There is not much downside. Very attractive for a company with 100mil Revenue make 35mil profit IF 35mil profit are CASH not trade receivables.

See better make sound investment decision than to listen if Kenny Chua farts. If he farts, ARBB is good. I can't relate how he farts will make ARBB more profitable. I'm just not that type of investor. I look at numbers.

Upto you to choose which "investor" you are.

Yinson is trading at 4X it's book value, 40times it's earnings.

Armada is trading at 0.8times it's book value, 6 times it's earnings.

Urusharta sila goreng ini counter macam ICON. Thank you.

Market is a scamming machine.

Wah Seong reported revenue drop from 706mil to 429mil and profit plunged further from -9.9mil to -30mil yoy losses. Not a word about the losses but focused on, apparently results beats estimates? Kenanga, MIDF, Public bank.

What exactly are analyst thinking?

And perdana don't have urusharta to back the price...

u see waseong, got urusharta backing...Price refuse to go down despite -30mil losses....

“We would recycle money into companies that have higher potential for capital appreciation or higher-yielding stocks.”~ Urusharta CEO Izad Sallehuddin

Urusharta transferred 92mil shares....I wonder what stunt they gonna pull here.

Baik set sell queue siap siap at 80sen. Who know ICON V2 happens here.

Or they sapu warrant gao gao already, then gonna start pushing the mother share up.

https://www.theedgemarkets.com/article/urusharta-jamaah-ceases-be-substantial-shareholder-icon-offshore

This urushara is full of hanky panky. Now, just dunno if u wanna be the dancing or crying side.

It only means Perdana last quarter got one off job with good margin.

Better be only FPO operators and sell OSV asset. Else, OMS has to improve.

OMS is dragging armada down.

Go see the balance sheet yourself. Trade Receivables 10mil in Q4,18 and 49mil in Q4,19. I'm quite sure you can see that if you are NOT BLIND.

If ur Revenue is RM100mil, RM70mil is your cost + expenses. Your profit is 35mil, Trade receivables increased by 39mil. Technically, u r operating at negative 4mil in cash.

I follow this counter 2 quarters ago. The more I read, the more dodgy it appears to me.Bought in at 33sen, went up to 39sen, and exited everything at 37sen. Market cap 80mil, if it goes to ZERO, it will just go to ZERO. You don't know where are the customers. You don't know what asset they own. Out of the 1.4Bil ICPS, I don't know who owns what. AFAIK, it could be Datuk Yeo himself. Maybe should run background check on him how much he owns ARBB shares, and if any of his associates are his customer. Private Companies 9.7%,28,181,961 shares; Individual Insiders 16.2%, 46,916,612 shares; General Public 74.1%, 214,714,127 shares

You can invoice as much as you like every year. But when you decide to write off in 2020; your 2019 35mil profit will just vaporize. Maybe you are happy to keep the numbers in form of invoices. MoU instead of LOA. I prefer profit appears in operating cash. Let just say this is a stunt they are pulling...then, do show also do in full. Collect payment, increase operating cash. I will myself value ARBB at PE6 instead of PE2. Now, everything in invoices...you know la...you want say what later also can. Until these "profits" appears as cash. I join at PE6 or 10 nvm. If doesn't appear in cash, give me PE0 .5also I don't want. That's the reason i'm still here. I wanna know when they are gonna turn profit in cash and actually have a real business.

Hwa Siong Chong, Phooi San Khoo, Chee Kei Lee, You King Wong, Yan Shuen Er, Boon Siong Lee, Yee Au, Kok Liew. Your name aren't listed; hahahha...you not that big a deal anyway. =P
And if you are, u better come punt for ARBB every second. And I hope you are close to this Datuk Yeo and Kok Liew. At least, if they are screwing the 74.1% general public over. You get heads up. Market cap 80mil, ICPS exercise and issuance raised 52mil. Cash balances left 25.6mil. Invested 20.9mil in what not disclosed. Anyone here bother to find out? Or u just interested in punting IR4.0 only.

Yeah, I'm pretty dumb when comes to ARBB. I'm quite sure it's better to be dumb and find out what I don't know about ARBB than be WILLFULLY BLIND and DUMB. If you are dumb, you can learn. If you willfully BLIND, YOU STAY DUMB.

Eh you two, do u have any idea who are their customer and where they get their RM100mil revenue and 34mil profit from? So far, out of 34mil profit before tax, got 59mil in form of trade receivables, about RM10mil carried forward from last year, an increased of 49mil. PBT for 2019 (5076+8612+8236+12683) = RM 34607.

ARBB's financial statement can't balance le. ARBB whole year PBT only 34.6mil. Assuming you collect zero cash, how to increase trade receivables by 49mil with 34.6mil PBT?

Any ARBB "fighter" can explain?