Public listed company (PLC ) ( Berhad ) is not the same as the government dept is obliged to serve the public. Trading license to extract is registered to the Local council ( Government ) . The most the Government can do is not to renew the trading license but the Gov can not cancel the agreement . Both parties DL and the Gov are bound by the terms of the leasehold agreement

why Not ? as long as sublease is allowed from the original leasehold , you can sublease to any Tom , Dick and Harry.

After I have leased from the landlord , I can sublease to any one as long as it is allowed to sublease as per original agreement with the landlord.

Basically , it is a " private affair " not a " Government affair".Do you believe that the Gov will devote time to look into this ? Perhaps in your fantasy

Obviously , the term of the Agreement between DL and the Gov allows " sublease" . Without the sublease, do you think DL dared to set up the company called Bahvest to which DL subleased ?

DL can sue the Government if the Government simply cancels the leasehold. As long as DL has not been in breach of the terms of the said agreement , there is nothing the Government can do.....

Whether the situation is tensed or not , nothing to do with the Government. Thats the dispute between DL ( Lessor ) and the company ( Lessee ). Basically , it is a " private affair " not a " Government affair" . My dog " Bruce " is getting annoyed now

You must understand the term of " contractual relationship" . There is NO contractual relationship directly between the Government and the company but there is a contractual relationship between DL and the company cos DL has subleased to the company in a separate Agreement.

On the above basis, how can the Government intervene ??? On what basis can the Government intervene ??

35 lease is a long lease created between DL and the Government. As said, there is a separate lease agreement between DL and the Government. DL can sue the Government if the Government simply cancels the leasehold. As long as DL has not been in breach of the terms of the said agreement , there is nothing the Government can do.....

Thats why I say DL has nothing to loss no matter how . So stop saying that DL will stand to lose as much as the company. The answer is NO

Every one knows Gold is a precious commodity , even my dog " Bruce " knows it , The fact is the fact , no gold mine , no business of gold mining. Based on your mention of DL leasing the gold mine from the Government , there is a separate lease agreement between DL and the Government. As long as DL has paid the" Lease Premium " and the agreed regular rental to the Government based on the terms of the lease, there is nothing much of the Government can do . DL has not been in breach of the agreement .

The workers in the company are employed by the company which is a private listed company. The government ,though is is a shareholder , is not supposed to meddle with the affairs of the company in terms of management and operation

The hardcore of gold mining is the " gold mine" ( land ) without which, it is nothing. Hence, No big players , needless to mention big sharks would dare to venture in. DL always boasts that his gold mine has a lot of gold deposit deep deep inside his gold mine . Do you really believe what he says?

Currently, no light in the tunnel yet.

Basically, DL has nothing to lose. If He wins the case, he gets compensation etc to compensate for the loss of his shareholding in value in the company .If he loses the case , the share value of the company will be restored to original state and he stands to restore his wealth in the shareholding.

Either way, he still ends up as a winner....

No gold mine , no business for the company even though the company has the most sophisticated machinery and equipment and factory of the state of the art in the world for extraction and processing. DL has indeed hit the hardcore of the company fast and furious. Thats why i say ...always expect the unexpected.

Now it it entirely at the mercy of the lessor ( DL) to withdraw the case or not. Nothing much the company can do now except to defend the case provided there is ground to do so in the opinion of their lawyers . It is said that all the lawyers are crooks. Even the chance of winning is zero, they still say there is hope to win. Win or lose , the lawyers still get paid .

Since Amir has offloaded all from the company, it is clear that he doesnt want to confront with DL. He is believed to side with DL and let DL deal with his opponents. Judging from the fact that DL dared to issue the legal letter to the company, I believe DL has the legal basis and justification to sue the Company despite of the fact that DL is also the shareholder/Director of the company ( lessee) . lets see how the company will react to this unexpected fiasco any moment from now. Deadline is 30 days from the legal letter

Admired the courage of abang to go in at 0.730.good luck

DL has created a lease on land to the company. It is believed to be a long lease. Only then, the company dared to erect the factory.

Gathered from the facts so far,scenario 2 seems to be the likely case. It is believed that the co's lawyers are looking into the case if there is any good ground to defend or not .lf there is no good ground, they will be in trouble.if there is good ground to defend,it is going to take a long long time for the legal proceeding.

DL leasor leases to the company( lessee) where DL is also a SH. The sublease is said to be a related party transaction.

As long as it is transacted at arm's length( open market value),no cause of concern.

Sorry ,its FL.,not JL.typo error

I am sure the existing BOD are all siding JL and gangs except DL and son.hence the current BOD is said to be inclined to JL

The mgt is required to refer to BOD who will make decisions of how the lawsuit is to be handled. Is FL not sitting in the current BOD ?

The letter includes ,inter lia, the compensation is sought by DL

If they are barking hard at each other and after that,they are licking each other's axsholes,then no big deal. No cause of concern.

However,if they are shooting hard at each other with bullets indiscriminately flying every where,then you'd better run for your life before you are victimised and get shot.

Whether scenario 1,2 or 3 will be known within 30days .FL must respond to the legal letter sent from DL within 30 days . We will see how FL reacts and how DL counter reacts and so on and so forth.

From their reactions ,we would know what the likely scenario would be .For instance, whether FL would successfully obtain " injunction" to block DL's move ,whether FL would enter into defence ( provided that there are valid grounds to do so ) etc etc...

Its a waiting game now.....I am afraid.

Whether they, as prominent businessmen , are mature or not is out of the question but the very fact is that they are ruthless and unempathatic in business dealings even at the expenses of investors like you.

As investors,you should be objective in your perspectives without bias.

When two dogs are fighting for a bone and the third runs away with it. So be the third one.....guys

Scenario 3 is DL has provided FL with the justification to put the company to an end through lawsuit where no mine no business as mutually agreed

Well.

1) possible collusion between JL and FL with the agenda to depress the share price where both will capitalise on the depressed price with the view to make huge gain by declaring truce at the later stage.

2) DL is pissed off with FL who is planning to outcast him with possible mandatory takeover after FL has secured supports from other investors/buyers.

Having realised that possibility,DL swiftly serves JL with the lawsuit as a move to prevent him from getting supports.it is expected that no investors/ buyers are keen to come in due to uncertainty of the outcome of the long lawsuit battle.Until then,the share price is expected to slump for a long long time. It is expected that FL would pack up and leave. He wouldn't be able to sustain longer than expected unlike DL . The longer the legal process takes ,the heavier loss is suffered by FL. For sure,he knows how to figure out.

If it is scenario 1,then the sudden dive is short lived and you dont have to do any thing but just be patient.

If it is scenario 2,then it is very messy.basically the company is destined to be doomed and ....its better for you to abandon the ship before you will get drown with sinking ship into the bottom of the seabed forever like the Titanic

The most fundamental resource is the plot of land where the minerals are extracted. Once FL and gsngs are deprived of it ,it is done

The factory is out of the question here but just compliments.

How on earth the so called prominent guy continue to run the business without the basic resources repossesrd by the lessor after take over?

Dont be naive. The lessee has long intended to put their business to an end and they have finally found the valid reason to proceed following the legal suit pre-planned by the lessor who serves their purpose for which it is intended. It is conspiracy theory.

The Lessor will exhaust all the assets from the lessee through the legal claims which eventually goes from left pocket to the right pocket. The lessee can legitimately put the company to an end for good and both lessor and lessee are in the happy ending . The lessor is killing two birds with one stone with investors are caught by surprise and bleeding

Basically , the lessee business is destined to be doomed.

The lessee has long intended to put their business to an end and they have finally found the valid reason to proceed following the legal suit initiated by the lessor who serves their purpose for which it is intended.

Since the Lessor and the lessee are the same person in control, manipulation is within reach.

As said earlier,both lessor and lessee are the same person in control but why the lessor (he) puts the lessee (himself) in trouble with the litigation. There is only one theory ie conspiracy theory.

The lessee knows it well that the company is not expected to make profits on the " barren " Land any more.The lessee wanna put it to an end. However before the lessee does so ,he wanna exhaust the remaining resources in the co in the first place and has come up with the idea of legal suit from the lessor.

Basically the lessor , lessee and their gangs are bunch of clowns and jokers fooling around all the investors in the circus

Sometimes you lose,sometimes you win.As long as you win more than lose,its ok.No big deal

The lessor has been very tolerable all this while until the lessee has recently turned their back publicly against the lessor who has no choice but to take this drastic action to teach them a hard lesson.

The entire offloading of shares by Amir through MAB Ventures is basically to avoid the conflict of interest. He has ceased to be the major shareholder of the leasee .It is clear that he sides with the lessor now 100%.

Lo Teck Yong has just trimmed his shareholding to a minimum level to avoid any implications that might arise in the legal battle.

Anyhow,the two gentlemen can buy back later anytime at the depressed share price.Due to uncertainty of the outcome of the material litigation,the share is expected to remain stagnant if not depressed for a long long time.

Hence,it is not surprising for the lessor's gang to offload their shareholdings now. The intention of the lessor is very clear i.e.to create as much as havocs to the lessee. Internal rifts among the lessee are imminent.

The entire offloading of shares by Amir through MAB Ventures is basically to avoid the conflict of interest. He has ceased to be the major shareholder of the leasee .It is clear that he sides with the lessor now 100%.

Lo Teck Yong has just trimmed his shareholding to a minimum level to avoid any implications that might arise in the legal battle.

Anyhow,the two gentlemen can buy back later anytime at the depressed share price.Due to uncertainty of the outcome of the material litigation,the share is expected to remain stagnant if not depressed for a long long time.

Hence,it is not surprising for the lessor's gang to offload their shareholdings now. The intention of the lessor is very clear i.e.to create as much as havocs to the lessee. Internal rifts among the lessee are imminent.

The entire offloading of shares by Amir through MAB Ventures is basically to avoid the conflict of interest. He has ceased to be the major shareholder of the leasee .It is clear that he sides with the lessor now 100%.

Lo Teck Yong has just trimmed his shareholding to a minimum level to avoid any implications that might arise in the legal battle.

Anyhow,the two gentlemen can buy back later anytime at the depressed share price.Due to uncertainty of the outcome of the material litigation,the share is expected to remain stagnant if not depressed for a long long time.

Hence,it is not surprising for the lessor's gang to offload their shareholdings now. The intention of the lessor is very clear i.e.to create as much as havocs to the lessee. Internal rifts among the lessee are imminent.

As said many times,if you can't stand the "heat" ( loss due to cut loss or otherwise) in the kitchen ,you must get out of the kitchen immediately

I like abang's " never says die attitude "and will continue with the struggle next Monday....

Judging from all these development,the share price will remain stagnant if not depressed further due to the "uncertainty " of the case where the outcome of which can only be determined by the Court..

Its going to be a long battle on purpose with agenda to wipe out his opponents who stand to lose in the end.....

Forget about trespassing which is subject to interpretation by the Court, not you and me.

As said,The lessor and the lessee are the same person in control.Either way whoever wins the case,its from right pocket to the left pocket and vice versa but there's not the point.

The point is to haunt them( those hostile to him) with the long and time consuming litigation, which could make the share price to be stagnant if not depressed.

He can sustain the "heat" no matter how long but those who are hostile to him cant sustain and are jumping up and down with their investments stuck and devalued for a long long time

As mentioned, From the way it goes ,the owner (lessor) will not withdraw the legal suit until these hostile people are taught a hard lesson..

The only solution is for those who are hostile to the owner stop hassling him with serious pledges on oath.

Basically the Landlord and lease tenant are believed to be the same person in control.why killing each other then? There is only one thing l can figure out is that the very same guy wanna teach somebodies( those who are against him) a hard reason by depressing the share price on purpose, triggering margin calls to them in an unexpected turmoil.

Once his purpose has been well'served ,it would be normalised.

Accumulation in the process or more dumping is ongoing?.

Basically the Landlord and lease tenant are believed to be same person in control.why killing each other then? There is only one thing l can figure out is that the very same guy wanna teach somebodies a hard reason.

Once his purpose has been served well,it would be normalised.

Abang won 2.5K happily initially but was "done" with ten folds by now probably

Abang might have kept on averaging and averaging with the hope of rebound in his fantasy....

Do something before it is too late to do anything. it could be LD all the way

Abang said it would rebound without cause of worry but it is on verge of plummeting fast and furious.....

No LD but down by 10% which is quite substantial as compared to the rests..

you mean rich people do not play shares?

your impulsive and indiscriminate averaging is larger than your loss. It has descended faster than any counter....

wow, are you a daredevil or what ? so bloody audacious and out of your mind?

Abang was so confident of the rebound that he bought in a lot again at the price which he thought was at the bottom but who knows it is now on the verge of plummeting and stand to lose big.....

US market has no direct impact on our market. Demand for USD slumps ,no body wants to peg its currency against USD now . Our currency strengthens as a result which is a good sign....