9 November 2016 - 10.00 a.m. Wednesday, The Function Room, 9th Floor, De Centrum Tower @ De Centrum City, Jalan Ikram-Uniten, 43000 Kajang, Selangor Darul Ehsan. EGM for bonus shares.
Why sell treasury shares and who bought the shares? Potential standard answers: raise capital. Shares sold to public (you and me the joes on the street) Why rush out dividend and sell treasury shares to riase capital, conflicting message to investors? Why share price drop after bonus announcement? Why company sell treasury shares "first" and cause share price drop ahead of 9 November 2016 bonus EGM?
Material litigation confusion. Who are the names from Protasco who sign SPA and do all the due diligence until miss managed the oil projects? Public investors are confused "who represent Protasco" and how come Bursa and SC not giving clear answer to public on directors miss conduct? Putting a blame to brokers and non excutive directors cum substantial shareholders only shows board fight, do not satisfy investors. To clap must have someone inside Protasco lending the hand which involved in this reckless menace. If authorities are fools, what protasco do with the Protasco executive director involved? Who are these Protasco staffs?
Private placement and cash flow. Why company rush out dividend and announce profit and yet announce private placement and sudden sell of treasury shares ahead of bonus? Why company cash position is at historical low while report profits and paid out dividend? Is this intention to dilute public investors? The dividend given compared to drop of share price, actually capital lost is higher than dividend yield. How the company do abiut it? The sudden sell down of treasury shares caused public panic adding pressure to share price. Why selling down before EGM? Wasn't this insider trading? There are 4 quarters of cash flow down and careless accounting practices to reinstate the cash position as per last quarter, causing shock of no confidence of company accounting integrity. Who is company accountant? Why so careless? The company main income is from JKR. Public investors are worried that recent investigation by MACC into public services contracts may involve Protasco. Can company guarantee there is no bribery involved in securing these contracts? Where there any investigations?
Stock: [PRTASCO]: PROTASCO BHD
2016-11-06 12:01 | Report Abuse
Dates investors should know about this company and question the people behind.
18 October 2016 - Sell and dump 1,325,000 treasury share to open market. http://www.bursamalaysia.com/market/listed-companies/company-announcements/5241693
9 November 2016 - 10.00 a.m. Wednesday, The Function Room, 9th Floor, De Centrum Tower @ De Centrum City, Jalan Ikram-Uniten, 43000 Kajang, Selangor Darul Ehsan. EGM for bonus shares.
Why sell treasury shares and who bought the shares?
Potential standard answers: raise capital. Shares sold to public (you and me the joes on the street)
Why rush out dividend and sell treasury shares to riase capital, conflicting message to investors?
Why share price drop after bonus announcement?
Why company sell treasury shares "first" and cause share price drop ahead of 9 November 2016 bonus EGM?
Material litigation confusion.
Who are the names from Protasco who sign SPA and do all the due diligence until miss managed the oil projects? Public investors are confused "who represent Protasco" and how come Bursa and SC not giving clear answer to public on directors miss conduct? Putting a blame to brokers and non excutive directors cum substantial shareholders only shows board fight, do not satisfy investors. To clap must have someone inside Protasco lending the hand which involved in this reckless menace. If authorities are fools, what protasco do with the Protasco executive director involved? Who are these Protasco staffs?
Private placement and cash flow.
Why company rush out dividend and announce profit and yet announce private placement and sudden sell of treasury shares ahead of bonus?
Why company cash position is at historical low while report profits and paid out dividend?
Is this intention to dilute public investors?
The dividend given compared to drop of share price, actually capital lost is higher than dividend yield. How the company do abiut it? The sudden sell down of treasury shares caused public panic adding pressure to share price. Why selling down before EGM? Wasn't this insider trading?
There are 4 quarters of cash flow down and careless accounting practices to reinstate the cash position as per last quarter, causing shock of no confidence of company accounting integrity. Who is company accountant? Why so careless?
The company main income is from JKR. Public investors are worried that recent investigation by MACC into public services contracts may involve Protasco. Can company guarantee there is no bribery involved in securing these contracts? Where there any investigations?