I've said this many times before, Eddie will sell his shares before any financial announcement based on poor financials. True and behold, he sold over 14 million shares on Monday using insider information and front-run all of you on the 27th February before the financial results are released are 28th February. I also said the share price will collapsed to 30 sens and it is happening now. Think I am giving random and useless information just to sway those votes? Think again. Eddie Ng now is urgently offloading more shares...more selling pressure to come. If you trust Eddie as the management team, here's what you end up with.

If the company and lawyers itself has no evidence, you think MACC will pursue? The current management team is a joke....stock price will meet its demise sooner or later with this bunch of useless people like Eddie.

No evidence....if there's evidence why doesn't the company's lawyers pursue? Clearly all smoke and mirrors by Eddie, useless burgle.

We refer to the Company’s announcements made on 4 January 2023, 5 January 2023, 18 January 2023 and 20 January 2023. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the previous announcements.

With regards to the special review on Revenue Harvest Sdn Bhd to be undertaken by LSP & Co, the Company has decided to not proceed the special review as LSP & Co is unable to include the thermal paper case in their review. As such, the Company will leave the investigation to the Malaysian Anti-Corruption Commission

See below on what our company has posted. Its crystal clear now that our company has no gathered zero evidence of Brian and Dino's wrongdoing. Even the law firm has backed out from supporting the company's false and misleading claims that Brian has colluded on some thermal paper nonsense. The law firm, LSP, clearly knows all the claims so far has been misleading and allegations are completely baseless. Its clear that these allegations was intended to backstab the duo and force them off directorship and LSP is smart not to be entangled in this further as it has simply zero evidence of their wrongdoing. For those who claim that the duo are guilty, give me a single evidence that prove your claim. All the people saying the duos are guilty etc... are simply paid actors by Eddie and should be ignored. Now all the evidences are all coming to light.
----------
With regards to the special review on Revenue Harvest Sdn Bhd to be undertaken by LSP & Co, the Company has decided to not proceed the special review as LSP & Co is unable to include the thermal paper case in their review. As such, the Company will leave the investigation to the Malaysian Anti-Corruption Commission.

@Gabriella - Under Eddie's watch as CEO, the share price collapsed from over $2 to less than 50 sens today, a 75% crash in stock price, why is his business strategy good? He front runs every investors there to sell his stake using insider information, do you want such CEO to lead the company?

The fact that Dino now is the largest shareholder in the company speakers for itself. Whatever he is doing now is FOR the company. Look at Eddie, has he increased any shares in the past years? No, he has been disposing his stakes and selling down his shares. In fact, he has been front running every shareholders to sell his stake with insider information. You trust Eddie? Now that the truth is out that the brothers have not been charged by MACC shows that its just pure smoke and mirrors by Eddie - no evidence of wrongdoing or whatsoever by the 2 brothers. Eddie has been scheming this all along and the company did not clarify that MACC has released the 2 brothers without any charge. This shows all the nonsense by Eddie's paid actors and trying to criminalize the 2 brothers without any evidence. If the 2 brothers are guilty, I am sure MACC would pursue. The fact that there are no charges now shows who's playing dirty politics.

@joyvest Its silly to say that the duo are depressing the share price and force Eddie to face more margin calls. For goodness sake, the company share price has already fallen from over $2 to less than 50 sens today even before the issue has begun. The share price is depressed because the company fundamentals have already deteriorated and share price is just a reflection of company fundamentals. I already said many times, the company is declining and has reported losses. Does this not lead to share price to drop? It's fantasy to think some comments from me can cause the share price to drop.

I am here. Share price will definitely fall to 30 sens or below even if Brian and Dino is voted out. Why? As I said many times, business fundamentals are deteriorating. I can see the financials daily, the company has already reported its first quarterly loss. Why would the company turn around? How would the company turn around? Can @redhotpepper give any proof that our business fundamentals will improve? You can dream about 90 sens or even one dollar in dreamland.

Stock beginner, I'll answer your question directly:
Q: CEO can make decision that go against board of directors, if not why it wasn't on hold during that time
At the point of acquisition, Eddie Ng was the CEO of the company. But he intentionally withheld the information that Eddie's wife, Connie Yong, his daughter Felicia Ng and his son Cliff Ng will benefit from the transaction. So the board went ahead and approved the transaction without knowledge of this fraud. There is no problem with related party transaction if they are disclosed to BOD and shareholders and are in arms length relationship. The fact that this information was intentionally withheld from BOD, shareholders and management points to him guilty of hiding the money he is siphoning away from the company. Why does he need to steal money from the company? Gambling debt. He owes people alot of money and you can see from the recent shareholder transaction, he was forced to sell 6 million shares on 6 Jan 2023 as he has pledged his shares as collateral to borrow for gambling.
2. If case those claim was true, can't they suspect Eddie from duty? Taking 30boxes of documents without permission is the best option?
By the time Brian and Dino are aware of this related party transaction and are investigating the issue, Eddie made the first move to suspend them. Taking the 30 boxes is the only way to preserve the incriminating evidence. If Eddie took away all these boxes, then how will Dino and Brian bring light to this fraud? What evidence will they have to show Eddie is pocketing the money himself?
Eddie now has the least stake in the company among all 3 Ngs so he would not benefit much from any share price increase. The only way to get more money and pay down his gambling debt is to siphon as much money away from the company as possible. He is now trying to siphon as much money as possible from the company to pay down his gambling debt.

The 30 boxes that Dino took are all evidences of crime related to Eddie Ng. Just see the scanned documents here yourself, they are all scanned as evidences incriminating how Eddie stole money from the company and siphoned it away to benefit himself, his wife Connie Yong, his daughter Felicia Ng and son Cliff Ng. Now the evidence are brought to light, do you still want to vote for Eddie Ng, who is taking money away from shareholders like yourself and benefiting his wife, daughter and son?
https://klse.i3investor.com/web/blog/detail/revenueinside/2023-02-05-story-h-299213580-Eddie_Ng_Related_Party_Transactions

The company is deteriorating. As an employee we know how the monthly financials are performing under Eddie's watch. Don't believe? Wait till the next quarterly results are out. And before that, see if Eddie will dispose any shares and front-run all other shareholders or not. He has done it when he knows the company has lost the digital bank license. He has done it again before the latest quarterly results. He will do it again before the next quarterly results. As a clue for other shareholders, go check their latest financials and look at 2 items 1) Accounts receivables and 2) Inventory.

Revenue Group’s latest earnings result was released on 29 Nov 2022. This is the first time the company has announced a major loss. And guess what? Eddie Ng has sold 4,225,300 shares a few days before the announcement. After he sold, share price collapsed from 92 sens to 66 sens. This is insider trading. You still have faith to vote for this guy when he's front running all of you?

Bank Negara announced on 29th April the winners of digital banks. Eddie disposed 5,883,000 shares on 28th April - insider trading. You still have faith to vote for this guy when he's front running all of you?

Revenue Group’s latest earnings result was released on 29 Nov 2022. This is the first time the company has announced a major loss. And guess what? Eddie Ng has sold 4,225,300 shares a few days before the announcement. After he sold, share price collapsed from 92 sens to 66 sens. This is insider trading. You still have faith to vote for this guy when he's front running all of you?

Bank Negara announced on 29th April the winners of digital banks. Eddie disposed 5,883,000 shares on 28th April - insider trading. You still have faith to vote for this guy when he's front running all of you?

MACC is triggered by "Datuk" Eddie lah. Just see the dates yourself. The 2 brothers got remanded on 26th January all the way to 28th January. Why these 2 dates? If you read the EDM notice it says "For the purpose of determining who shall be entitled to attend this meeting, the Company shall be requesting the Bursa Malaysia Depository Sdn Bhd to make available to the Company, a Record of Depositors as at 27 January 2023." It specifically states the 27th January...why? Because Eddie already knows the 2 brothers will be remanded MACC and this will prevent the 2 brothers from being able to buy more shares to overturn the EDM. Think how much he paid to make sure it happens....and think now who's the one playing underhand politics....vote with Eddie, your share price confirm goes down to 20 sens

And fuyohpuyo, just to give you some inside info, Eddie sold large amount of shares immediately after he has inside news Revenue did not get the digital banking license. Its insider trading. All employees know.....he sell first before news is made public.....

fuyohpuyo, how about you, only less 20 comments? Are you the keyboard warrior for eddie?

Yes correct Besafe, Eddie's a pariah in this company. Almost everyone hates him for the politics and underhand method he plays. Not just to the 2 brothers, but also other employees who were forced to leave.

Guys, Eddie is the black sheep here who is trying to force the other 2 brothers out. The 2 brothers are innocent. How would I know? Because I'm one of the employees in the company. Seriously lah, all the employees here are supportive of the 2 brothers, Eddie has been the one cooking nonsense. With all honesty, think how would the 2 brothers who is quite wealthy be charged for some thermal paper rolls and one toyota car issue. Its not as though they have siphoned millions of dollars. And the suspension date was given on 29th Dec year end and he only gave the 2 brothers 1 working day to respond before suspension. All the employees here are supportive of the 2 brothers and I'm writing here because of Eddie's nonsense and politics.