Antz

Antz | Joined since 2014-04-18

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2014-11-27 22:06 | Report Abuse

Now I hope TPY loss tomorrow

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2014-11-27 22:05 | Report Abuse

Exactly...塞翁失马、焉知非福

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2014-11-27 21:37 | Report Abuse

Why tired? He is protecting his father and his future, we are just win or loss small amount of money only.

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2014-11-27 17:28 | Report Abuse

I think tpy and oka are out

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2014-11-27 17:24 | Report Abuse

此魔不可信也

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2014-11-27 17:20 | Report Abuse

有其父必有其子

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2014-11-27 17:17 | Report Abuse

Alice Chong, why change the sirname to Tey?

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2014-11-27 17:04 | Report Abuse

The article alo metioned :-

It was said that Ir. Chong, who was a career JKR engineer turned into a senior management and eventually able to arrange the substantial holding of Protasco Bhd., where he was made the Executive Deputy Chairmn and Group Managing Director.

Even without the boardroom tussle which escalated from end of September, Hadenan being the former Auditor General and MACC Chairman for EOP should have had some degree of curiosity how is a retired civil servant and a paid employee for so long is able to raise monies and finance 20% holding of a RM600 million market capitalisation group.

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2014-11-27 15:42 | Report Abuse

Wednesday, 26 November 2014


Protasco announced yesterday its quarterly results.

In it a RM 85 Million impairment on its messy "adventure" in Indonesia. No word about the guarantee that was given in the form of shares in a listed Indonesian company, PT Inovisi Infracom TBK.

Pages 13, 14, 15 and 16 contain details regarding the many court cases that are on going.

Today Protasco announced that its first EGM (there will be two) was twice postponed.

It can't really get much worse than that.

Was the management warned? Yes, please check this posting where lots of critical questions were asked by the reporter of BFM (the almost two years old interview is still available) to the General Managing Director.

One question from that interview and my comment:

"The deal is subject to renewal of the concession, which will expire in 2014 (again, why the hurry, why not first renew the concession?)"

Someone informed me that the reason the whole deal did not go through was that the concession was only renewed for a short period (again, this information is not revealed by the company, as so many other details).

So again, why the hurry, why did Protasco not wait for the renewal details, why did it want to close the deal so quickly and transfer RM 50 Million to the vendor (details of which are still not revealed)? And why did it (much later) even increase the potential loss further to the current RM 85 Million?

Unworthy for a Bursa listed company, if one would ask me.

Where are the regulators?


http://cgmalaysia.blogspot.com/2014/11/protasco-messy-messier-messiest.html

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2014-11-26 20:33 | Report Abuse

Si Chong tu mata merah...nampak tpy diversified ke property business dlm 2 tahun boleh dapat projek besar dan bagus. Kalau keadaan berterusan, dia akan diganti oleh tpy. Si Chong punya mentality ialah can't compete with him, remove him quickly.

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2014-11-26 19:36 | Report Abuse

Tpy must mng flm egm...then nexgram akan terbang

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2014-11-26 18:49 | Report Abuse

Nmpknya boss dia akan hantar penolong dia sekjp lagi

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2014-11-26 18:47 | Report Abuse

Dia sudh kacau la...tapi ditendang kuat org ramai...sbab tu la dtg kacau sini

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2014-11-26 18:45 | Report Abuse

Dia tengah xibuk translate ni

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2014-11-26 18:44 | Report Abuse

Mungkin dia diupah dr luar negri tu le?

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2014-11-26 18:34 | Report Abuse

Nmpknya yg beli besar besaran tu dr luar ngri, bkn tempatan

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2014-11-26 18:30 | Report Abuse

Msian guna aiyo...bkn aio

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2014-11-26 18:29 | Report Abuse

Dia tak paham apa sy ckp....gooogle translate tak jd.

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2014-11-26 18:28 | Report Abuse

Egm tak jadi...monkey show

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2014-11-26 18:25 | Report Abuse

Dia guna koma sbg perpuluhan lah

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2014-11-26 18:25 | Report Abuse

Dia bkan Msian lah...tngok semlm ckp 4.5 jd 4,5

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2014-11-26 18:09 | Report Abuse

The more he talk, the stronger i feel Nexgram is good time to enter. Today added 100 big lot. Tomorrow will add again.

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2014-11-26 17:54 | Report Abuse

Let's go to influence the Prostaco forum...kikiki

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2014-11-26 17:52 | Report Abuse

The more we reply, the more he will talk, he paid for this purpose.

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2014-11-26 17:50 | Report Abuse

Let him talk la...the real battle field is at Prostaco. Damages will be there. Good luck to all Prostaco share holders.

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2014-11-26 16:31 | Report Abuse

Hahaha, then....let's help him so that he can be at-least become animal in next life.

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2014-11-26 16:29 | Report Abuse

Help him la....so that his next life will be extremely good.

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2014-11-26 16:25 | Report Abuse

bing, I will follow you, sell Nexgram and buy Protasco, give the Karma to Alice.

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2014-11-26 16:13 | Report Abuse

I don't side Chong or TPY, and I don't own any Protasco share. Just kepohchi, the only way to help Prostaco is let TPY take over the control and let Protasco jv with Nexgram in their projects.

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2014-11-26 16:04 | Report Abuse

I think that is also the reason why someone here to push down the price of Nexgram and push up the price of Prtasco, so that TPY & OKA sell Nexgram cheap and get less Prtasco shares.

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2014-11-26 16:00 | Report Abuse

bing, he buy neither Prtasco nor Nexgram. He is here to complete a mission. If Nexgram move up to 0.15, his mission failed.

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2014-11-26 15:41 | Report Abuse

can not leave until you get the pay cheque, right?

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2014-11-26 15:24 | Report Abuse

Ayoyo...the more Alice talk, the more people sapu @0.085, what happened.

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2014-11-26 15:19 | Report Abuse

Profit left? Aiyo....no more project to do? No more future grow? When need money, borrow from bank and pay high interest rate? What mentality? Alice, you are not investor, you are lawyer.

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2014-11-26 15:06 | Report Abuse

Alice, go back to save Protasco now, it's under attack now.

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2014-11-26 15:02 | Report Abuse

I think Alice need to convince more people in other counters...

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2014-11-26 14:59 | Report Abuse

Alice, pls go and help Prtasco, only 1.6m transacted @ 48% buy rate.

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2014-11-26 14:56 | Report Abuse

OMG, ~19m shares transacted @0.85, 85% buy rate, so many idiots out there?

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2014-11-26 14:53 | Report Abuse

Yalo, Chong is not our boss, he is your boss.

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2014-11-26 14:46 | Report Abuse

Prostaco is sinking, no good projects, no future grow, lousy management, good in utilizing company's facility to sue people, engage business without studying details then sue people etc.

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2014-11-26 14:38 | Report Abuse

General motor making loss every year, still loan money to give dividend to share holders to keep them happy.

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2014-11-26 14:36 | Report Abuse

Only those management do not how to utilize the cash to grow the business will distribute to share holders as dividend.

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2014-11-26 14:34 | Report Abuse

A company that loss money, do not how to make use the money left to grow the business, consider good? OMG, what mentality is that?

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2014-11-26 11:27 | Report Abuse

Alice...50m loss is already cooked. Will be 100m if uncooked.

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2014-11-26 11:22 | Report Abuse

Wow, good pay huh....hahaha