Insas has a Thong problem! He has no care for shareholders , has now single handedly sent many subsidiaries bust and appointed a board of muppets who do not care about there duty just picking up money

@sslee , you should have asked why so
Many investment companies so badly managed, even insas itself is losing money if not for selling inari shares.

Thong trying to drop insas share price so crappy 2c dividend looks good as a return

Insas warrant 13.5c
Tong of the edge bleeding so badly, must have lost 75% now

2 cent dividend, most likely, and the company is performing terribly.
The board will say they are doing their duty even though they know they are legally not...

Omesti 7 cents
Microlink 13 cents
Insas 94 cents

MGO 😂

Like board meetings and everything insas thong writes what they say !

Omesti 7.5c
Microlink 14.5
Insas 96 c

Insas is crashing ! 95 cents

AR only good for toilet paper.. insas performance is terrible! Insas itself losing money on all its core business .

96 cents and dropping like a brick.

Insas 97 c
Microlink 15.5 c
Omesti 9c
M&A 27.5 c

Complete mismanagement by Thong and the Insas board!!! All should be voted out but shareholders but thong will keep them as they take money and do as they are told however incompetent they look and bad for shareholders there decisions are.

Even @sslee given up on thong and incompetent board

@sslee .. already 98 cents. Dropping to 70 or are you buying ?

Inari disappointing, thong ruining a good business.. yes still generating cash but wasted opportunities

Microlink 15.5 c 😂😂😂😂

Insas warrants plummeting… tong of edge investment looks like a blood bath! Market does not think anyone is buying out insas…

Hehe MGO like last time will not happen . Everyone waited last tome to get rich… he just let expire. He does not need money or at his age hassle of it. He has dragged insas for over 20 years…the collapse of most invested companies he also does not care

Thong too scared to meet inari shareholders! Insas board will also hide behind virtual meeting. Such cowards . Description: Notice of 14th Annual General MeetingThe meeting will be conducted
on a fully virtual basis through live streaming and online remote voting
Date of Meeting: 26/11/2024

Microlink 17c and dropping. Running out of cash

2% only comes in next year, cash dividend this year is still tax free. Common sense would say give out big dividend but we all know thong

@sslee it might go to 90c at this rate.
Someone desperately trying to prop up microlink amd omesti shares but cannot. After so many years of manipulating insas share price thong now getting what he deserves

Microlink going bust! Chee Hong Leong resigns as director. He is Thong close friend and the conflicted party who owned the company m&a backed into and made a lot of money out of it (most likely also thong got part) . Everyone deserting sinking ship.

Microlink now 14.5 c , like domino they are all crashing and going bankrupt

Omesti 8.5 c
Microlink 15.5
Insas 1.01

The board should resign in disgrace

Hohup 14c

Omesti 10.5 c
Microlink 16.5
M&A 29

All time lows …

Luckily I sold most so little exposure

So many people happy thong has screwed up. I have been in meetings with him and he uses insas money and power to belittle and attack people. It is why he is so divisive in any company and they usually fail as he makes them toxic. Now they are all smiling as everyone sees how publicly he has destroyed companies.

Understand but thong will not give it out, wong was never suppose to be ceo but hing failed to take private as he had stepped down to distance himself. He will just do what ever thong says. The rest of the board are useless and the supposed independent directors are a joke. This agm there answerers will be written by a lawyer as they know the directors are very exposed. With all the failed investments how to say they are a long term investment company. All BS

No one cares how big insas cash hoard is as shareholders will never see it. It is why insas share price such a discount . It says what the market thinks of thong and insas’s collapsing investments

@sslee insas just sells to associate company to just do paper gain to cover losses. No new cash … its just loophole accounting

Thong and insas board terrible management all now very publicly in freefall. Microlink 16.5 c (they wanted to raise cash at 28c 2 months ago..) omesti 12.5 c . Biggest issue is losing companies have no cash left and cant raise more.

Another resignation as director of microlink.. Danny Thong jumping ship !!!

Omest and microlink record lows. Morale is also record low, caught up with staff and after such a long time of bad management the end is near. Historically they woukd just raise or get more money from thong but now nothing left to secure debt against. What is secured not enough to cover debts so insas will have to write off a lot… not sure how big exposure is but all omesti, microlink , hohup etc will be worthless

Once or twice is good, now the poem become spam … trying too hard

Thong could easily tell the board to give an rm1 dividend, insas has the cash. 2.5 cents most likely

Inari share price dropping like a brick. Insas should have sold its shares. Thong obsessed with staying on board. Only when it gets in trouble will he run away like he normally does.

When insas gives another 2.5 cent dividend and still does nothing with 1billion in cash in the bank see how shareholders feel. Inari has over 2 billion in cash. Thong clueless management

Very well written. Facts show how thong and board have not delivered.

Thong has no poker move! All investment going bust other than inari and m&a . He and the insas board are useless

What a surprise NOT.. so it means insas yet again is losing money run by the useless board !!!! How can they yet again say they are doing there duty as directors…

Inari share price plummeting as predicted…

What a joke!!! The board mist think shareholders are incompetent to believe they will actually do anything. Just trying to distract shareholders from how terribly managed insas is and the next announcement of selling more shares to cover losses!! INSAS BERHAD ("INSAS" OR "THE COMPANY")
- PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

@sslee agreed but all trapped and never will be realised. Thats why no one values insas anywhere near its book value and never will. Also most of those investments never going to give much return. They are actually loss making for insas !

The only thing of interest or value now that Insas has is inari. Everything else (except some value in m&a which is greatly diluted and also lost value) that insas has invested is worthless or will actually cost insas in bad debts. Evryone knows thong does not care about shareholders and the board is useless so why even buy insas shares? Yes some people pray and hope that he takes it private but he has no need to go through all the hassle and cost or even risk.

Nearly end of quarter . Thong and useless board will be working out how many shares they again need to sell in Inari to cover the losses in Insas through bad management and bad investments , losses in subsidiaries through bad management (only m&a which has lost lots of value). All investment lost so much value!! Microlink now lost 80% of value, hohup going bust, omesti also going bust. All have no cash and desperate to raise more cash to waste. Microlink were raising 90 million at 29 cents i think now only 19 cents. Thong promised tunku he will give cash so tunku does not look useless as being omesti chairman. The insas board know they are in deep trouble of being accused of not doing there duty and just following thongs orders! AGM then will keep virtual as they are cowards and want to avoid being anywhere near shareholders… Bursa now even change rules because of boards like insas! Very sad

Someone is buying a lot of warrants. Why though at this price ? It is more expensive than buying the share …

Just close insas , give shareholders cash back and inari shares

Microlink now 17 cents.. from over 90 to this. It is game over … value plummeting. Anyone give them cash say goodbye . Like hohup, omesti etc all going bust.

Another thong mess he ran away from https://theedgemalaysia.com/node/726092 hohup being sued again