R u high on drug or something lol?

meaning good (Share price UP) or bad (Share priuce DOWN)?

I am sure the entire BOD is in trouble, but I am not so sure whether Bahvest has been a con job since the very beginning. If proven so by forensic audit, I am afraid to make any forecast of the share price.

If no gold lagi teruk. The whole ship will sink to the abyss and one more charge of cheating investors all these years

Conspire to defraud and failure to discharge fiduciary duties - enough lo

The whole BOD working in cohort with DL, so all go to jail for free curry rice

Good chance SC has started looking at the whole clown show. More skeleton will surface upon investigation, and many will go to jail!

On areas in which you have no strong expertise, better to keep quiet just to sound at least more intelligent

Joyvest, your last 2 points show in no uncertain terms that you are a nutcase pretending to be a genius!

Fully agree with you

Fraud can happen without auditors catching it. That's why the auditor also kena together with the management when bad things happen.

FL and gang to hire forensic accountant team for next round of story soon.

Sabah cowboy style!

This is better than BIG SHORT, the movie!

Expect shits to hit the fan soon. No eye see

That said, I am not so sure about the rebound though...I think still got lots of skeleton and shit left behind, which have yet to surface

I bet someone is shaking while waiting for SC's call. It is pretty clear b4 the material negative "trespass" announcement, the share price was aggressively whacked down most probably under proxy names. I hope they have selected the proxies very very carefully hehehe...Hard to hide these days with SC' expensive sophisticated monitoring software....

They are silly enough to sell shares under their own names lol. Let's see whether ChatGPT can pakai or not.

I asked ChatGPT the following long winded question: "A Malaysian listed company received a negative material information on day 1, the company directors then sold shares on day 2, and the company made announcement of such negative material information AFTER market close on day 2, are the directors liable for insider trading under the Malaysian Securities Industry Act?"

ChatGPT's answer:

I am not a lawyer, but I can provide some general information on insider trading and the Malaysian Securities Industry Act. Insider trading refers to the buying or selling of securities based on non-public, material information that could affect the price of those securities. It is generally considered illegal in many jurisdictions, including Malaysia.

Under the Malaysian Securities Industry Act 1983 (SIA), insider trading is prohibited. Section 89 of the SIA defines insider trading as trading in securities while in possession of material non-public information. It prohibits any person who has insider information from dealing in securities to gain an advantage or avoid a loss for themselves or others.

In the scenario you described, where the directors sold shares after receiving negative material information but before the announcement was made to the market, it could potentially be viewed as insider trading. The timing of the share sales, occurring before the public announcement of the negative information, raises suspicions that the directors may have used their non-public information to their advantage.

It is important to note that determining liability for insider trading requires a thorough examination of the specific facts and circumstances of the case. Legal authorities, such as the Malaysian Securities Commission, courts, or regulatory bodies, would need to investigate and evaluate the evidence to determine whether insider trading has occurred and if the directors should be held liable.

If you believe you have witnessed insider trading or have concerns about a specific case, it would be advisable to consult with a legal professional or report the matter to the relevant regulatory authorities in Malaysia, such as the Securities Commission or the Bursa Malaysia. They can provide accurate guidance and take appropriate action based on the specific circumstances.

Other points - let the lawyers fight it out

LOD (trespassing) dated 2 May, but announced AFTER mkt closed on 3 May.

Time of Bursa announcement, not time of receipt of LOD, determines whether insider trading has been committed.

Date of sale by Lo Tec Yong was 3 May & MAB Venture 2 May

Nickfury03, I seriously wonder whether the Bahvest BOD dares to make the RM13m (2 tranches) payment given the likely lawsuit once the new management comes especially when it is paid to a company controlled by the CEO of Bahvest.

I think FL and gang can easily fund the short term cash needs if they want to especially if it is in the form of ESOS or private placement at the current depressed price level.

I won't be surprised if the SC intervenes at some point. The sale of shares by DL's son and his partner will likely be investigated for insider trading b4 material "trespassing" announcement.

Plus other dirts, if any, uncovered once the new management comes in.

Breach of fiduciary duties + conspire to defraud

DL can kill Bahvest, but he may be buried together with it with many small shareholders as collateral damage. As for FL and gang, they lose $ but it is small change for them. Better fold rather than sai lang all the way.

I think once DL cools off, after advise by his legal counsel, he will seek truce with the opposing camp eventually

Claw back time!

I beg to differ. Don't forget DL is the controlling s/h of Southsea Gold S/B. After new management comes in, Bahvest will be suing DL and Southsea Gold, not FL and gang

Who provokes whom is a separate matter. I am just saying that it is not a sure win tactic for DL, he may win a few trees but lose the whole forest. FL and gang can hire very powerful lawyers

DL may get his RM13m compensation but fined RM31m!

I am not a lawyer - disclaimer lol

Trespassing is a gone case, but the failure to discharge fiduciary duties satisfactorily by the CEO and BOD may be an easier angle by FL to attack, especially when such failure land Bahvest in trouble. I think "kuat kuat" penalty is likely.

FL and gang should be able to hire good lawyers from KL to handle the matter. My lawyer friend agrees but he is not a high powered one lol

BOD has not discharged their fiduciary duties satisfactorily. The 2022 AR (and the earlier ones) also fails to highlight the risk of the related party arrangement. High power lawyers should be able to nail DL.

Once px fixed, share price will recover strongly. Just my 2 sen

I think it is just wayang kulit for the supposedly two warring parties. The bash down of share price is for the price fixing of the ESOS.

This is more fun than the "Dai si doi" HK-drama series of the 90s

Trading has gone quiet in the past 15-20min. May be negotiating a truce hahaha?

FL and gang are at the receiving end while DL dumps his sh. Financially the buyers have got more bullets. DL better makes sure he has erased all dirt trails b4 he packs up and goes off.

Wrecking ball from the T3-punters caught 3 days ago. 160m traded vol 3 days ago

no harm daydream a little....song ah!

Si Fart more like it lol

Look out below!

Buy at 1sen, minority shareholders should then organize an EGM to sack the management.

Wow this operator is a real brutal SOB!

Direct off-market deals at "premium" prices designed to con "green" traders. Be warned!

Latest name appears to be GPacket related. Good luck!

I think the dump comes from the shares from warrants conversion recently. Suddenly up 20-40%, much better than FD.

Don't take it seriously. Roger kong kong LP song only!

Zzzzz