It is normal,
I also received threats from:

Without Prejudice

Please be on notice that the Company will not hesitate to take all necessary actions to protect our integrity and the interest of all stakeholders, including all other shareholders at large.

Our rights are reserved.

it was GPS in the centre of controversy for all hell would break loose if it had been DAP”

Any reason why anyone should answer what your thoughts on monday?

Go ask AI Chat GTP what AI thought what will happen to CapitalA on coming Monday.

Each barrel of crude oil is refine breakdown into 3 major component product, with largest component is diesel, second is RON gasoline and lastly refine jet fuel

1. Gasoil/diesel crack spread chart (historical highest level range)
https://www.tradingview.com/symbols/NYMEX-GOC1%21/

2. Gasoline/petrol RON 92 crack spread spread chart (normalize level range)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/

3. Kerosene/ jet fuel crack spread (at historical highest range level)
https://www.tradingview.com/symbols/NYMEX-ASD2!/

Crack spread is the price different between the finish refine products and the refetence crude oil price

As an Engineer I had contributed my part in building and running successful chemical plants that provide employment to Malaysians and others, earning foreign currency for the nation, contribute to nation economic growth and tax revenue. As a Chinese Malaysians I am proud of my parents culture and thankful to my SJK(C) Keat Hwa (H) for imparting Chinese cultural moral values to me and in return I had contributed in imparting these moral values of “礼,义, 廉, 恥” to many of my staffs.

As Malaysian citizen I had done my patriotic duty to my country and family with dignity and pride, carried out my obligation/duty to vote in GE and help in kicking out the Kleptocratic and corrupt BN’s government in GE14.

If only we have more muslim leaders that can take on Pas Hadi, old senile ex PM Dr. M and Moo playing up the 3R then DSAI will not need to work so hard playing preception game and concentrate in running the country.

By the way it is the job of Stony, Top management and hired advisors to come out with the regularisation plan and not management of the company and the team that draft the regularisation plan.

This follows Capital A’s recent announcement that it is engaging RHB Investment Bank Bhd, BDO Consulting Sdn Bhd, Deloitte Corporate Advisory Services Sdn Bhd, Ernst & Young PLT, Adnan Sundra & Low, and Providence Strategic Partners to advise on its regularisation plan

It will be a long process of recovery that take many years and not months.

And further more will CapitalA need a debts restructure, capital reduction and share consolidation like AAX in order to start with a better/reboot Balance Sheet that one question only Stony can answer and those holding CapitalA should had ask Stony during the recent AGM.

A quote from Ralph Waldo Emerson: “To leave the world a bit better, whether by a healthy child, a garden patch, or a redeemed social condition; to know that even one life has breathed easier because you have lived — that is to have succeeded.”

My comment is a fair comment based on facts and figures available from the financial report.

How about your? Based on what? That PN17 is just an accounting issue? The lease and maintanance liabilities is not real and can be write off with a stroke of pen and CapitalA will exist PN17 by year end?

So me or Stony doesn't know the rules of submission of the pN17 regularisation plan?

From Stony own word:
The PN17 regularisation plan:
1.The Group expects to announce the finalised regularisation plan to Bursa Malaysia Securities in January 2023 and followed by submission for approval targeted in February 2023.

2.We have a robust plan in place and aim to have a full submission of the regularisation plan in April 2023 after finalising the audit and valuation of entities involved.

3. The revised timeline involves full submission in July 2023, with our execution plan commencing in quarter four upon obtaining all required approvals from Bursa Malaysia and relevant authorities.

4.On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that the Company had on 30 June 2023 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time of an additional period of 3 months until 7 October 2023 for the Company to submit its regularisation plan to Bursa Securities.

By the way do I need to own CapitalA share to give my fair comment in capitalA forum?

Aviation business run on trust. You trust the aircraft is well maintained and the pilot well trained.

https://en.m.wikipedia.org/wiki/Indonesia_AirAsia_Flight_8501#:~:text=Indonesia%20AirAsia%20Flight%208501%20was,all%20162%20people%20on%20board.

The flight was normal until 06:00 when an electronic centralised aircraft monitor (ECAM) memo was displayed, along with a master caution light, to indicate a fault with the rudder limiter system. Captain Iriyanto read the actions for fixing this failure, and rebooted the aircraft's two Flight Augmentation Computers (FACs). The same fault recurred at 06:09, and the captain fixed it in the same way.[9](pp14–15)

At 06:11 the pilots turned fifteen degrees to the left to avoid inclement weather, and contacted Jakarta ATC to request a climb to FL 380 at 12,000 metres (38,000 ft) for the same reason. The controller could not give immediate permission for this due to other aircraft in the vicinity, and instructed them to wait.[9](p15)

While they were waiting for permission to climb, the rudder limiter problem occurred for a third time, and for the third time the captain reset the FAC computers. When the memo displayed for the fourth time, Captain Iriyanto decided to reset the FAC circuit breakers (CB). He had previously seen this action being performed by a ground engineer, and believed that it was acceptable to do so in flight.[7]

The FAC circuit breakers were reset at 06:16:45, with immediate consequences, as this action not only reset the FAC computers but also disconnected the autopilot and auto throttle, and the flight control law changed from Normal to Alternate. It allowed the aircraft to roll to the left, and by the time First Officer Plesel reacted to this it was banked at 54 degrees.[9](p16)

Plesel, possibly spatially disoriented due to the roll sensation, over-corrected twice: first by making a sharp right bank input and then a sharp left bank input. After that, at 06:17, Plesel made a nose-up input on his side-stick, causing the aircraft to enter a steep climb at a 24-degree nose-up pitch.[9](p118) In just 54 seconds, the aircraft climbed from 32,000 feet to 38,500 feet (11,700 m), exceeding a climb rate of 10,000 feet per minute (51 m/s).[9](p58) It then entered a stall, at around 06:17:40, descending at a rate of up to 20,000 feet per minute (100 m/s).[9](pp118-119) The aircraft also began a turn to the left, forming at least one complete circle before disappearing from radar at 06:18:44.[12][13][14][15][16] At 06:20:35 the flight data recorder stopped recording. The CVR stopped recording one second later, at 06:20:36.[9](p56) The aircraft crashed into the Java Sea and was destroyed. All 162 people on board were killed.[7][9](p17)

Post removed.Why?

So the PN17 regularisation plan from:
1.The Group expects to announce the finalised regularisation plan to Bursa Malaysia Securities in January 2023 and followed by submission for approval targeted in February 2023.
2.We have a robust plan in place and aim to have a full submission of the regularisation plan in April 2023 after finalising the audit and valuation of entities involved.
3. The revised timeline involves full submission in July 2023, with our execution plan commencing in quarter four upon obtaining all required approvals from Bursa Malaysia and relevant authorities.
4.On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that the Company had on 30 June 2023 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time of an additional period of 3 months until 7 October 2023 for the Company to submit its regularisation plan to Bursa Securities.

CEO of Capital A, Tan Sri Tony Fernandes’ comments on the Group’s outlook:

On the Group’s Practice Note 17 (“PN17”) status, we have made the decision to revise the announcement date due to the requirements to incorporate the latest FY2022 audited figure into the plan. The process is essential to ensure that our financial results accurately reflect our performance and strategic direction. We appreciate the understanding and patience of all our stakeholders during this adjustment period. The revised timeline involves full submission in July 2023, with our execution plan commencing in quarter four upon obtaining all required approvals from Bursa Malaysia and relevant authorities.

On the Group’s Practice Note 17 (“PN17”) status, the Group has been granted a six month time extension from Bursa Malaysia Securities Berhad to submit a remedy plan. We have a robust plan in place and aim to have a full submission of the regularisation plan in April 2023 after finalising the audit and valuation of entities involved. Closing the year with this record profit, our post-Covid performance is a strong testament that the Group is making exceptional progress towards recovery and is well-positioned for further significant growth in 2023. I have full confidence that we will be able to emerge from the PN17 status stronger than ever, and we are highly committed to secure the necessary approvals including from Bursa Malaysia Securities within the required timeframe.

KUALA LUMPUR, 29 November 2022 - Capital A Berhad (formerly known as AirAsia Group Berhad) (“Capital A” or “Group”) has announced that it is seeking an extension of time from Bursa Malaysia Securities Berhad to submit a holistic regularisation plan to remedy its Practice Note 17 (“PN17”) status. The Group expects to announce the finalised regularisation plan to Bursa Malaysia Securities in January 2023 and followed by submission for approval targeted in February 2023.

This follows Capital A’s recent announcement that it is engaging RHB Investment Bank Bhd, BDO Consulting Sdn Bhd, Deloitte Corporate Advisory Services Sdn Bhd, Ernst & Young PLT, Adnan Sundra & Low, and Providence Strategic Partners to advise on its regularisation plan.

Now you know what I mean if Stony' word can be trusted, pigs might fly.

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS
CAPITAL A BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description APPLICATION FOR EXTENSION OF TIME FOR SUBMISSION OF A PROPOSED REGULARISATION PLAN TO BURSA MALAYSIA SECURITIES BERHAD
Reference is made to the Company’s announcements dated 8 July 2020, 27 May 2021, 7 January 2022, 13 January 2022, 14 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022,1 September 2022, 3 October 2022, 1 November 2022, 4 November 2022, 29 November 2022, 1 December 2022 and 21 December 2022, 3 January 2023, 2 February 2023, 27 February 2023, 1 March 2023, 4 April 2023, 2 May 2023, 1 June 2023 and 15 June 2023 (“Announcements”).

On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that the Company had on 30 June 2023 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time of an additional period of 3 months until 7 October 2023 for the Company to submit its regularisation plan to Bursa Securities.

This Announcement is dated 30 June 2023.

Sanusi is playing the Malay sentiment and he is right that our constitution is man made and can be amended.

Vietnam Electricity (full name: Vietnam Electricity Group, abbreviated name: EVN, Vietnamese: Tập đoàn Điện lực Việt Nam) is the largest power company in Vietnam. Vietnam Electricity (EVN) was established by the government of Vietnam as a state-owned company in 1994, and has operated officially as a one-member limited liability company since 2010.

2022 2021
RM RM
Revenue 2,553,073,558 3,011,637,528
Other current assets 760,743,244 650,115,103
Other current liabilities (740,728,872) (1,380,386,041)

So other current assets is mostly trade receivables
Other current liabilities are trade and other payable.

From revenue and trade receivables you should able to work out how many months it take for EVN to pay JHDP.

Current lease liabilities: RM 4,425,518,000
Current aircrafts maintenance: RM 441,089,000
Current trade and other payables: RM 2,936,242,000
Current amount due to associates: RM 359,096,000
Current amount due to related parties: RM 275,443,000
Current borrowing: RM 513,640,000
Sales in advances: RM 1,546,450,000

So in 12 months time if you do not pay these IOU amt to lessors/trade, maintenance and sevices suppliers/bankers/ associate companies/related parties and provide the promised flight services to sales in advance customers then what will happen?

Then why in 2022 financial report on JV JPP Group?
2022 2021
RM RM
Non-current financial liabilities (excluding trade and other payables
and provisions) (4,401,923,432) (4,720,926,257)

So you just take management words as fact without checking the real figure in the financial account?

When everything is subsidized ( fuel, electricity, water, sugar, egg, chicken, cooking oil, healthcare etc) then how to implement GST?

https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=MYR

1 USD = 4.67147 MYR
Jun 29, 2023, 04:16 UTC

What will happen to CapitalA borrowing, lease and aircrafts maintenance in USD?

Coming quarter end 30th June 2023 what will be realized and unrealized foreign currency losses? How many RM hundreds million?

Just need to work out the different 2022 and 2021 non current financial liabilities to know how much is the long term loan principal payment for the year.
So is the pricipal payment work out to be 10 years?

8. Investment in Joint Ventures (“JV”) (Cont’d)
Summarised financial information of the Group’s material joint venture i.e. JAKS Pacific Power Limited and
its subsidiary company (“JPP Group”) is set out below:
(a) Summarised adjusted statements of financial position
JPP Group
2022 2021
RM RM
Cash and cash equivalent 548,393,700 999,486,387
Other current assets 760,743,244 650,115,103
Non-current assets 7,281,260,678 7,479,624,542
Current financial liabilities (excluding trade and other payables
and provisions) (597,039,267) (608,182,196)
Other current liabilities (740,728,872) (1,380,386,041)
Non-current financial liabilities (excluding trade and other payables
and provisions) (4,401,923,432) (4,720,926,257)
Net assets 2,850,706,051 2,419,731,538

Interest in joint venture 30% 30%
Group’s share of net assets 855,211,815 725,919,462
Share of other net asset changes (58,259,244) (15,025,104)
Goodwill 3,826,062 3,826,062
Carrying value of Group’s interest in joint ventures 800,778,633 714,720,420

(b) Summarised adjusted statements of profit or loss and other comprehensive income
JPP Group
2022 2021
RM RM
Adjusted profit for the financial year, representing total comprehensive
income for the financial year 520,633,162 469,043,075

Included in total comprehensive income are:
Revenue 2,553,073,558 3,011,637,528
Amortisation/Depreciation (317,750,163) (296,585,635)
Interest income 3,493,288 1,736,511
Interest expense (265,209,747) (275,461,575)
Taxation (17,199) (1,530,307)

Capital A is expected to submit its regularisation plan by next Friday (July 7).

The plan that has been made known to the public involves Capital A injecting its aviation business into AAX via an issuance of shares.

Most likely come and gone july7 another application for 6 months extension.

The only value in Jaks is the JHDP. But unfortunately the BOD/Management will milk JHDP for their own/relate/friendly party benefit only and minority shareholders would be left high and dry.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Jun 28, 2023 3:21 PM | Report Abuse

Keep investing very simple.
If you have doubt about the management, stay away from the business they are running too. Not difficult. After all, there are so many other stocks to look at

Agree with 3iii,
Nowadays I vote with my feet if I sense somthing is not right with the BOD/Management but I will hold balance 500 unit to qualify as shareholder and prepare my tough, difficult and probing qestions for AGM to hold BOD and management accoutable, responsible and answerable.

I will then make formal complaint to SC and Bursa if my after AGM follow up questions show a clear sign of fraud/againt Burs/SC rule and regulation.

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-24-story-h-247496497-Bumi_Armada_Follow_up_on_my_complaint.jsp

About i3lurker: What man is a man who does not make the world better? ORLANDO BLOOM - Balian de Ibelin

By the way i3lurker,
Philip put his Harta for the above competition.

Good morning i3lurker,
Good question what can I learn?

Answer: Just give one of your favorite stock for this competition and I am sure you will learn many things from many commentators kutuk your choice.

MUAR (June 27): The Ministry of Domestic Trade and Cost of Living (KPDN) has approved 1.09 million litres of petrol and diesel as an additional quota for this year’s Aidiladha.

Minister Datuk Seri Salahuddin Ayub said the quota involved 311,000 litres of RON95 petrol and 783,000 litres of diesel for strategic locations across the country.

He said the ministry is aware that there is a possibility of an increase in fuel consumption, following the Aidiladha holiday until Sunday.

“KPDN has approved the bulk quota for this month to be distributed to the three main petrol companies, namely Petronas (529,000 litres of petrol and diesel), Petron (320,000 litres of petrol and diesel) and Chevron (245,000 litres of petrol and diesel).

If by next quarter result out still no news on VGO then most likely price will drop for you to collect at RM 0.6

Good question.
Did anyone ask ALP this question at AGM?

Current official list:
Number: Contester ID: Stock picked: Price at 15/6/2023
1: Professor 3iii: PBB: RM 3.85
2. Sslee : INSAS: RM 0.835
3; qqq47660 : DNEX: RM 0.52
4: Income : TOMEI: RM 1.08
5: calvintaneng : JAYA TIASA: RM 0.645
6: STony: CAPITALA: RM0.80
7: speakup: CMSB: RM 1.06
8: Felix888: ARMADA: RM 0.440
9: STUDY 1: PCHEM: RM 6.25
10: OTB : YTLPOWR: RM 1.29
11: StartOfTheBull : MSC: RM 2.02
12: STUDY 2: PETRONM: RM 4.98
13. Choivo Favorite: TIMCOM: RM 5.10
14. Philip ( buy what you understand): HARTA: RM 2.23

Side Bet:
1: Felix888 Vs BobAxelrod
Sapura E hit 0.07 within 9 months since the latest RO extension date.

Good morning Philip,
Thank you for droping in this blog to pick up your choice of stock hartalega for me to do the study. Will update your pick into the list later.

Will write to Datuk Muhamad Umar Swift and his office secretary next week whether can I be reasonable expect to receive a reply from Datuk Muhamad Umar Swift?

Received the following standard reply from SC and Bursa

Dear Sir,
Reference is made to the above matter.

Your case reference number is: [Case: SC2023-xxxxx]. Please use this reference number for any future communications with us.

Please be informed that we have received your complaint and it is currently being reviewed by the Securities Commission Malaysia (SC).

Should the review reveal any breaches of the securities laws, appropriate action will be initiated. We however wish to advise that in conducting our assessment and determining whether the matter will be escalated for further action, consideration is given to a range of factors, including the likely regulatory effect of any available action.

Kindly note that SC is restricted by secrecy provisions under the securities law from disclosing to you any information obtained during the performance of our regulatory functions.

Please contact our officers at the Consumer & Investor Office at + 603-6204-8999 for any inquiries.

Thank you.

Aduan Officer
Consumer & Investor Office
Securities Commission Malaysia


Dear Sir/Madam,

Reference is made to your e-mail on the above matter.

We have escalated the complaint to our line department concerned for their further action. The assessment into the matter you highlighted may take time, depending on the complexity of the issues raised. However, we will undertake the necessary actions to ensure that your complaint is looked into accordingly and will take the necessary enforcement actions if there is any breach of Listing Requirements.

As we do not play the role of ombudsman nor do we conduct arbitration, in the event of conflicts or financial losses, the aggrieved parties need to file the claims through the appropriate legal process in court.

We will also make the necessary referral to other relevant authorities should we come across any potential breaches of other regulations / Acts (other than the Listing Requirements).

Thank you and have a good day.


Bursa 2U
Bursa Malaysia Berhad
Our Ref : CAS-29571-xxxxxx

Posted by mickey77 > Jun 25, 2023 3:27 PM | Report Abuse

Sslee why post here non jaks stuff?

For your attrntion:

Case 4: Questionable financial/information disclosure on disposal of JSB 51% equity to ICD for consideration of RM1.00
Bursa Ref: CB/155/21
https://klse1.i3investor.com/blogs/Sslee_blog/2021-05-07-story-h1564320380-JAKS_What_should_I_response_Any_advice.jsp

JAKS Financial ended: 2022: 2021: 2020: 2019
Impairment loss on:
Trade receivables RM: 5,099,410: 9,848,415: 25,862,099: 5,318,354
Other receivables RM: 18,737,258: 13,461,525: 45,331,965: 7,188,995

SERBA DINAMIK HOLDINGS BERHAD
Financial: 9 months ended 31/3/2023: Year ended 30/6/2022: 30/6/21
Impairment of trade and other receivables RM: 865,009,000: 393,205,000: 394,998,000

I cannot believe that Bursa reply to me on impairment of receivable: Please also note that it is the prerogative of the Board of Directors of the listed issuer whether to take legal action with regard to recovery of the receivables.
So impairment of receivables did complied with approved accounting standards and can be used as a legal way to whitewash accounting fraud or siphoning listed company money to relate party, friendly party or to own private company?

Here we are talking about making Bursa an efficient, vibrant, fair and orderly market. But I can’t agree more on the feeling and frustration expressed by i3investor commentator:
hulwan These kinds of shenanigans, and then they wonder why our Bursa is in the doldrums

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-24-story-h-247496497-Bumi_Armada_Follow_up_on_my_complaint.jsp

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-24-story-h-247496497-Bumi_Armada_Follow_up_on_my_complaint.jsp

https://klse.i3investor.com/blogs/Sslee_blog/2023-06-24-story-h-247496497-Bumi_Armada_Follow_up_on_my_complaint.jsp

Follow up on my Bumi Armada complaint

All are welcome to comment.
I will email out next week

Abuse

India is very happy to buy discount crude oil from Russia and selling the expensive Mogas and Gasoil to EU

Oversea Indian already take over UK(PM of UK) and CEO of many High Tech US companies.

Very soon they will eat those gullible Mat Salleh for breakfast

The senile old man forget he is a sitting President and not just a 2024 potential President candidate:

At a fundraiser in California, Biden said Xi was very embarrassed when a suspected Chinese spy balloon was blown off course over U.S. airspace early this year. Blinken had said on Monday the chapter should be closed.

"The reason why Xi Jinping got very upset in terms of when I shot that balloon down with two box cars full of spy equipment in it was he didn't know it was there," Biden said.

"That's a great embarrassment for dictators. When they didn't know what happened. That wasn't supposed to be going where it was. It was blown off course," Biden said.

The Chinese government on Thursday reportedly summoned the U.S. ambassador to China as a diplomatic rebuke, escalating its anger against President Biden after he referred to Chinese President Xi Jinping as a “dictator” this week while speaking at a political fundraiser.

Chinese foreign ministry spokesperson Mao Ning called the remarks "extremely absurd" and "irresponsible" and said they seriously violated facts, diplomatic protocol and China's political dignity.

"They're an open political provocation," she told a regular briefing.

I agreed with KYY golden rule share price will go up if this quarter earning is better that the last one.

What KYY miss out is what are the factors (FA, TA, BS) that will cause next quarter earning will be better than this quarter.

https://en.m.wikipedia.org/wiki/History_of_Kedah#:~:text=Early%20in%20the%20Medieval%20era,and%20the%20Bay%20of%20Bengal.

https://www.bbc.com/news/world-asia-india-65679616

Manipur: Fears grow over Indian state on brink of civil war
By Soutik Biswas
India correspondent
21 June 2023
Updated 22 June 2023

Post removed.Why?

"I cannot teach anybody anything. I can Only make them think" - Socrates.

Dedicated to i3lurker.

The Goal

I can't leave my house
Or answer the phone
I'm going down again
But I'm not alone

Settling at last
Accounts of the soul
This for the trash
That paid in full

As for the fall, it began long ago
Can't stop the rain
Can't stop the snow

I sit in my chair
I look at the street
The neighbor returns
My smile of defeat

I move with the leaves
I shine with the chrome
I'm almost alive
I'm almost at home

No one to follow
And nothing to teach
Except that the goal
Falls short of the reach

i3lurker
Yes there is no turning back for you as you should keep doing what you are comfortable with and enjoy doing:

That is to be the most blunt and controversial i3commentator who often insults, wisecracks and trash talk other people stock.

I have been trading on my favorite trading stock Armada many times for my free Bintang Beer and lobster.

I only invest on those conpanies that pay yearly dividend and trade of those stocks that have high volatility.

Market Cap: 2,813 Million
NOSH: 5,923 Million
Avg Volume (4 weeks): 52,389,926
4 Weeks Range: 0.415 - 0.66
4 Weeks Price Volatility (%): 24.49%
52 Weeks Range: 0.32 - 0.73
52 Weeks Price Volatility (%): 37.80%
Average Price Target: 0.70
Price Target Upside/Downside: +0.225