f no trading is allowed between 9-10 as said, then the purpose is for the investors to assimilate the news of the release of QR in time whereby no suspension will be in force so that the investors would cancel their " sale orders" or it is halted for one hour for the SC to scrutinise if the QR is completed in good order. If not, QR will be rejected and suspension remains to be in force on 6/6....

Or it is halted for one hour for the SC to scrutinise if the QR is completed in good order. If not, QR will be rejected and suspension remain to be in force on 6/6....

It is believed it is halted for one hour for the investors to assimilate the news of the release of QR in time whereby no suspension will be in force so that the investors would cancel their " sale orders" . In the mean, the operators etc would capitalise on the purchase of the cheap sales from those running chicken head.

Internally, the company or parties will sapu at 0.185 cheap between 9am to 10am to stabilise the price before it is resumed after which it would be rebound to enable the company or parties to make gain .

Internal purchase cheap is in the process till 10am

upcoming QR has been submitted in time but the financial outcome is appalling .

Opening TP is already 0.185...

Everton was finally safe but Leicester was relegated to the dismay of its fans despite victory in its last match.

i hope bahvest is not faced with the same fate as Leicester.

The upcoming QR is expected to be Explosive and better than the preceding QR.

EPL is more exciting

Force majeure is referred to as occurance of unexpected event beyond your control which is not applicable to the case of bahvest where the purportedly alleged wrongdoings ie misstatement of 100 kg of gold is suspected to be deliberately concealed without disclosure by the wrongful act of the incumbent mgt in charge within their control.

Request for time extension can be done with valid reason.But your mention of the use of force majeure is not a valid reason I am afraid.

What will it be tommorow?
Whatever will be, will be
The future's not ours to see
What will be, will be...

The first thing you learn in stock trading is to overcome the fear of losing money. If you dont,you will never grow...

Many wish tomorrow never comes and tommorow never dies.However,the earth does not stop rotating and tomorrow still comes and goes .The best is to face it be it good,bad or ugly.

The investors are still given the grace period of 3 working days to exit....you may take your time.

Let the new management address the issue with their "novelty " as the issue is said to be their " bread and butter" by someone here.

Yes, the company is given with the deadline to submit on and before 31st May, failing which they will be suspended on 6th June.


Basically,the company has one day left to submit ie tomorrow cos Tuesday and Wednesday are public holiday in Sabah.

Do you really believe they can submit before 31/5?

The message from bahvest is loud and clear

No return of books and records from the authority ,no submission of QR in time.

On the other hand, the message from SC is loud and clear too.

No sunbmission in time,suspension will be in force.

If the authority says return of books and records can be done only upon completion of investigation, then the cheapest price has yet to come....

Basically ,the company is operating at the mercy of both authorities.

So toss of a coin to buy or to sell or toss your salad?

All in or fold on Monday ? Toss of a coin or toss your salad?

Apparently ,the newly appointed CEO,chong( i still believe he is the sycophant of FL),who used to be in the capacity of a finance manager ,must be racking his head now of how to stop the bleeding next week.

The new mgt has already openly blamed the investigating authority for the delay.It is believed that the said authority is under pressure to return the books and records to the company ASAP.

Nevertheless, it is of no avail cos running chicken heads are panicky by nature. They will run and fly literally like chickens...

Next monday,exodus of panicky running chicken heads is unavoidable but diehards would stay still.Diehards never say die even in their last gasping of breath....

There could be another twist of event before suspension.Stay tuned.

I only cited bornoil and SD as examples irrespective of their natures of business .There are numerous fxxkup counters other than oil and gas counters for instances,Hong seng, Rimbunan Sawit etc are in the same hot soup.

By the way,borneo oil ( bornoil) is not engaged in oil and gas but B&F,gold mining( past activities) and Agricultural produce.

Wrong....suspended forever now...dead meat.

To put it another way , to buy it cheap ( irrespective of its worth) next monday and sit on it for long term( don't shit on it).

How long is long is up to your own interpretation, say 10 years down the road ,check its value.

Who knows it is as good as public bank or it is as bad as bornoil or it is as ugly as Serba Dynamic(SD) then.

If you do it in this manner,why not as well to invest in artifacts/antiques?

SC does not give any benefit of doubt to any company raided for investigation .It is believed that there must be valid basis with initial constructive proof of wrongdoings before the raids are conducted by the investigating authorities.

The raids by the investigating authorities/ agencies etc already suffice to vindicate suspension by SC until clearance of suspected wrongdoings.

Coupled with the delay of submission of QR, the likelihood of suspension is intensified.

Reference is made to above , the relevant period is 1/1-31/5. FL and gangs were appointed to the BOD on 26/5 , do you believe they can really get away with the collective accountability by passing the buck to the incumbent?

However, if they were appointed after 31/5 , then it could be a different perspective.

It is commonly practised by the auditors/Accountants to take into account of all the subsequent events that occur after a company's QR period ( 31/3 ) but before the release of the OR ( on or before 31/5) . In other words , events that happen between the cut-off date ( 31/3) and the date in which the company issues its QR ( 31/5) must be taken into account, failing which, the QR would be seriously understated( misstatement ) in terms of liability which would have serious financial implications to the all the users of the QR .

The subsequent event ie compensation for trespassing is a " confirmed event" through the admission of guilt by Bahvest publicly which further justifies its inclusion in the report.

As at to date, there are 982 listed companies including LEAPs in the Bursa, do you really believe that SC would be lenient enough to set a precedent as an exemption from compliance within the timeframe for this case ? . Rules are rules and they must be strictly complied with at all times. Furthermore, this is not the 1st time for delay of submission of the QR. The mention of books and records was taken by the investigating authority/agency occurred in the month of May. Hence,there is no reason why 1s Qtr to 31/3 could not be submitted in time unless of course something is "fishy".

Following the new appointment of additional 3 directors ( FL camp) on BOD, there are altogether 8 directors including the incumbent DL and gangs meaning to say that they are collectively accountable for the delay in submission of QR ( unaudited ) and audited reports. However, since DL camp is embroiled with the ongoing investigation, it is believed they dont have the time to deal with it. On the other hand , the FL Camp have already passed the buck conveniently to the investigating authority /agency as a result of which they are unable to handle with it too. Basically, we can read their mind in that " this is the mess created by the incumbent , why should we sort out for them ?"

Given the above scenario, do you really believe that they will be able to submit the QR in time ? Since the QR is unaudited ( subject to trial and error), there shouldnt be any problem to present unless there is something to hide, such as the questionable 100kg of gold or otherwise.

Another intriguing question is whether the upcoming QR is going to be impressive or disappointing. Well, it is expected that the QR is going to be " explosively" upsetting. Why? the compensation of RM 21m for trespassing would be reported in the upcoming QR as a " contingent liability" resulting in the reduction of Revenue by the same amount. If the company is already in a loss situation ,the loss is further compounded by the same amount to be taken into account . The shareholders' wealth is certainly diminished by the same amount reflecting in the shareholders' fund.

In view of the forgoing , it remains doubtful as to whether the upcoming QR could be submitted in time and whether the financial performance is up to expectation. If not, another wave of havoc is expected.

It is learnt that the five shareholders who had recently filed a lawsuit against the company in an attempt to hold an extraordinary general meeting (EGM) to replace three directors of Bahvest, have withdrawn the suit

They have also notified the court that they are not proceeding with their proposed EGM on May 25.

Despite of the above,why were FL and gangs still appointed in the absence of EGM? This is not a replacement of directors but considered as appointment of additional 3 directors in the BOD in addition to DL and gangs ( 3 directors). DL and gangs are still directors but they are largely expected to be removed on 13/6

The validity on the recent appointment of additional directors by the shareholders could be challenged. Nevertheless, the shareholders have sent a clear signal that the removal of DL and gangs is certain to be removed on 13/6.

Interestigly , their move is dampened with the warning of suspension if the company fails to submit the QR within the stipulated timeframe. Another blow to the shareholders.

It is believed the sudden surge in yesterday afternoon was motivated to facilitate "some people" to conveniently exit before the release of the news.

Yer,it is going to be cheap sales on Monday....

The sudden surge in this afternoon is believed to facilitate the associates etc of FL and gangs or otherwise to exit before release of the announcement.

Now you know who the foxy fellow is ( DL is still under remand inside)

Sure.No one can determine the share price movements but one can minimise the risk factors and maximise the gain provided one does not close his/her mind.

Irrespective of what counters, I am sure you can make money provided you dont close your mind..

Nonsense? Are you delusional and blinded or what?

Why can't you open up your mind? Your ignorance is larger than your loss.Those who have bought high are expected to be in hibernation for a long long time

Flying to the moon or abyss?

On the other hand,DL is said to be too occupied in his expected lawsuits that he and his gang intend to resign as directors soon

Upcoming QR is expected to be late and there is no way bahvest could meet the deadline of 5 days from now for submission,failing which the company will be suspended.

Furthermore ,if no submission of audited report within 6 months from now,the company will face with delisting,not even PN 17.

In view of the above developments,FL and gangs are expected to abandon the agenda on appointment of new directors.

The company is cast with dark clouds again...

Thats why i say dont count the chicks before they are hatched.DL and gangs have yet to be removed legitimately.They are still directors whether you like it or not .FL and gangs have yet to be appointed. The worse scenario is both camps' agenda might not be approved in the upcoming EGM.

More than 40% change hand at the average of RM 2.07 today. It certainly looks good for the share with high confidence level.

Didnt I suggest you to open up your mind? You have to be versatile in response to the dynamic world where the perimeters are changing every minute .... even every second.....

Mind you anything can happen before the EGM .Who knows someone might stumble and fall before the EGM? Dont count the chicks before they are hatched. After this weekend ,there will be more stories ..... true stories coming up. Stay tuned

You may check my earlier message where it was inferred that there was no reason why the share could not surge. But some buggers rebuked and blew out of proportion.......thats where the heated argument started...

More than 55 % change hand at the average price of RM 0.220. What does it mean? Buy call or sell call ? Toss of coin or Toss of salad ?

dont worry about the index. what matters most the counter is flying to the moon

explosive, isnt it?

We will leave it to the auditors to check the relevance,validity, reasonableness and genuineness of the following expenses:-
1. Maintenance and overhaul expenses
2. Aircraft lease expenses:

All the above are subject to agreements .It is believed they are transacted at arm's length.No implication of monkey biz

Some one said to cut the craps. Basically, no craps to be cut. No monkey business on the agenda. No kickback from the purchase of fleets is expected . All the money raised through PP will be comprehensively and duly used to make all the fleet serviceable to meet the overwhelming demand in the coming months. The upcoming QR and subsequent OR remain explosive and robust with no cause of concern.

No more below 1.90 which has been fully snatched. If you want to fly , you need to pay a little more but it is worth your while. it is going to be a fantastic experience of a lifetime

Upcoming QR is believed to be explosive and will be released any time from now.

2.06 was breached

When the shooting star has emerged, please let all your buddies know. They will be very grateful to you and could offer you with a lift in life.