The moment the company has made public announcement that the survival of the company is at the entire mercy of DL , the company is destined to be doomed.

The above is concluded from the reflection of the current share price dripping every day ....

I cant see how FL can get the chunk of gold out. Without doubts, he got the gold mine ( land ) under sublease ( still valid under sublease agreement ) but he cant do gold mining without the factory . He needs to construct a new factory to run the gold mining .

Do you believe that FL can raise the money through Public fund ie right issue or something to build the factory ?

Do you believe that FL can get the financial supports from other investors having created all these mess by him ?

Any legal case is a lengthy legal proceeding

without doubt, negotiation leading to settlement out of Court is the best solution for everyone .However, lets be pragmatic , DL is now in loggerhead with FL like AI and Dr.M , do you really believe both of them would reconcile for the sake of the investors?

DL must have warned FL ( who is also the shareholder of Bahvest ) of his drastic move if FL proceeded with the EGM to outcast him , his son and Amir. It is believed that FL must have challenged DL to do so knowing that DL 's wealth would be in jeopardy too if He went ahead with his drastic move.

FL is the one who should be blamed for this situation of today . FL has underestimated DL and never expected DL would go ahead with such a drastic move though DL hurts too in terms of his shareholding in the company. DL is adamant to teach these people a lesson and he has reached the point of no turning back ie no reconciliation. This can be further concluded from the recent public announcement of the company that the survival of the company is at the entire mercy of DL ie If DL backs off ,the company will survive otherwise it is a dead meat , destined to be doomed.

FL could sue the BOD who approved the errection of factory on the land using company fund knowingly it was illegal to do so. In general , a person's act can be proven to be of criminal element by establishing that they:

1. Committed a prohibited act: The BOD committed an act that is prohibited by law, SC regulations etc

2. Had a criminal intent: The BOD acted with a criminal intent meaning they had the intention to commit a crime, knew their actions were illegal and the consequences of their actions, or were reckless or negligent in their behavior.

3. Knew or should have known of the criminal nature of their act: The BOD knew or should have known that their actions were illegal, such as trespassing on purpose

To prove that BOD 's act is of the criminal element, evidence and testimony are often gathered, analyzed, and presented in a court of law.

CFO stands for Cheap Financial Officer. DL is somebody but the CFO is nobody.

How can nobody oucast somebody ? CFO thought he is expert in gold mining and can go alone without DL. He has made the greatest mistake of his life....

The BOD then could have misled the auditors and SC that the factory was built on the subleased land. You must check the auditors report of how the factory was accounted for in the report.

Nevertheless ,It doesn't make sense to build the factory on third party's land using the company fund. As you said ,there could be existence of shenanigans deal in the BOD then...

Given that the 1st quarterly financial report was reported in June 2005, the factory might have been built sometimes in 2003/2004.

As you are aware ,the erection of the factory together with the purchase plant & machinery must be approved collectively with simple majority by the BOD then.

DL couldnt be singlehandedly to approve the construction. Who were the other directors then? Why did they approve to build the factory on the land belonging to Southsea using the company funds raised from IPO but not on the subleased land? The whole BOD should be accountable, not just DL alone. If FL wants to counter sue,he needs to sue the whole BOD then for negligence and failure to exercise their fiduciary duties.

Another person who could shed some light on this puzzle was the auditors then .I am sure the auditors then would make the same enquiries.

The EGM is initiated / called upon by the company ( not by DL) with the main agendas to remove DL and son and Amir and appoint FL and gangs as directors.

As said,DL got nothing to lose and he can wait .He said he would show up basically to see if he would be removed or
and FL and gangs would be appointed as directors or not.if yes,he is expected to continue with the lawsuit .if not,he might back off.until the EGM,the share price is expected to be slump.

Why are still taking about the takeover thing? It won't happy due to the legal suit.no investors will come in practically and realistically

Do you know how much the investors need to put in to take over?

1st they have to settle the compensation cost of 21m + dismantling cost of the old factory + building cost of new factory+ loss of opportunity due to the construction times etc etc....

And the gold mine belongs to DL
Who is keen to invest to take over ?

Are you so naive and blinded?

Letter of demand is legal letter. If demand is not met ,then see you in court.LD's demands are compensation and removal of the factory on the trespassed land

The company has already let the whole world know

1) the co has admitted their factory was built on the land illegally.

2) the co is unable to pay the compensation due to cash flow problem

3) the co is unable to build a new factory due to cash flow

4) the co wishes that DL can negotiate ie to back off basically

5) the co has hinted that if DL doesn't back off, then no business for the co ,no profitablity, no value to share price.basically all of them including DL will suffer losses .mind you DL shareholding is only 16%+++.No big deal to him.

It is believed that DL will not back off .if he backs off,it won't be that soon.He wanna teach these cocky guys a hard lesson.
Or he will never back off until FL and gangs have backed off...

Well,well,well...the share price is expected to be gloomy for a long long time....

Like you say, the wrongdoing ie trespassing has been publicly exposed and admitted,how to reconcile now ?

DL was conered to resort to this drastic move for which it is believed he will not back off and go all out to whack FL and gangs

How to fight? On what ground does he fight?

Penny stock is imminent. DL will counter outcast FL

Korek king or not is out of the question. without the factory and gold mine , it is better for the CFO to fry " Kwai Tiu"

FL is also one of the shareholders in the company like DL . So there is only one master in the house ,either FL or DL . You can not have two masters in one house. There are two camps in the mountain. only one camp will survive.

Make sure you make the right choice otherwise your investment will suffer to great extent.

From the way it goes, DL will not back off and will chunk anyone hostile to him out of the mountain completely . On this basis, the lowest has yet to come .... i am afraid.

Their ( the other camp ) drastic move is ended up with drastic response from DL to checkmate them once and for all...

DL can wait but the other camp cant wait and is jumping up and down . share price is falling down like cascade of waterfalls. Every minute to them sounds like century long.......

The other camp is cursing FL & gangs like hell or maybe the camp blame themselves for their own making. It was them who propose the appointment of FL and gangs and removal of Amir , DL and son in the upcoming EGM

Who is somebody and who is nobody ? I am sure you know better

DL will not negotiate until it has become penny stock. Meantime, DL wanna teach these people a hard learnt lesson ie dont simply rock the Board like nobody .DL is somebody...got it ?

We don't act only when the tsunami has arrived in front of you . we act before the dust has settled. Have to be fast and furious.

Abang big win and no need to work OT

OMG,You are still talking about take-over and kung Fung fighting.....

The co's announcement has made it very very clear. The co has clearly indicated to l leave it to the mercy of DL . If DL insists , then it is closed shop and kiss and say goodbye. You are still talking about take-over and kung Fung fighting.....

Based on the following,the company has clearly indicated that the co is unable to pay and put the co into bankrupcy if DL insists.


The compensation of RM 20.4 million demanded whilst it may be
negotiated or litigated would have a substantial impact over the cash flow
and profitability of Wullersdorf/Bahvest.

You dont act only after the sky has fallen .... its too late....

One can foretell the expected likely outcome from sense of good judgment.

No need to wait for announcement.it is expected.

It can tell from your sense of judgement

It is expected that the company will give in and succumb to the demand of DL not to appoint FL and gangs as new directors..

Its game over for FL and gangs

No need to wait for EGM to know, DL 's gangs will be appointed and DL and gang will be in full control. ...

From the latest developments,it can be concluded that the EGM will not be convened and the appointment of FL and gangs will never materialise for the obvious reason ie for the sake of the sustainability of the company.

DL is clearly the winner here .. .

Gathered from the latest announcement by the company,the company has openly admitted that their factory has encroached on the land illegally ( land outside their sublease agreement). What is clear is that the company has no ground to defend the case.they must pay and get out of the land. From the said announcement, it is clear that the company is unable to meet the demand from DL but hopeful to resolve at the sole mercy of DL.

DL is clearly at the upper hand now. DL can now ditate the terms as he wishes. DL might set conditions whereby he would withdraw the case on conditions that FL and gangs are never appointed as directors etc and his gangs are appointed as directors instead.

If the conditions are met ,who knows the company is operational again.

As said,the factory and gold mine(land) complement each other.without each of them,the co is of no value.

*No gold mine,no gold mining
*No factory,no gold mining
*Gold mine + factory = gold mining

Yer,worse than revenue .

Whoever takes over is sitting on the bombshell.
Coupled with the current lawsuit, who dares to take over ?
The rumour of take over created is just to ease the pressure of the recent slump
Once the rumour is over, the reality will set in faster than you and me could imagine

DL has insinuated that the company cannot make money so many times publicly and openly.

Why? DL keeps boasting that the company has yet to dig/extract deep enough beneath the soil where he believes there are tons and tons of gold deposits to be unearthed . Hellow, do you really believe that ?

DL has nothing to lose as already highlighted in my previous notes

DL has insinuated that the company cannot make money so many times publicly and openly.

Why? DL keeps boasting that the company has yet to dig/extract deep enough beneath the soil where he believes there are tons and tons of gold deposits to be earthed . Hellow, do you really believe that ?

No gold mine( land ) , No gold mining,
No gold mining , No business for the company ,
No business , No revenue
No revenue, No value to the company
PN17
Delisting
Receivership
Liquidation
Kiss and say goodbye

*Leasehold agreement between the Gov and DL - Non operational

*Sublease agreement between DL and the company ( Bahvest ) - operational ie physical extraction of gold ( gold mining)

Any environmental issue, the Gov authority will look for the company cos they are involved in operation ie extraction of gold ie gold mining

DL is untouchable

If the Gov shuts the factory down,then it is the company 's operational issue not DL 's issue . The whole BOD of the company is accountable . The Gov will fine/compound the co ,not DL

It is believed when DL has applied for the land with the Gov, he must have stated the purpose of the use of the land ie extraction of minerals ( it includes gold inter alia ). It is believed that there are terms and conditions including the environmental concern issues for such extraction of Minerals. As long as DL is operating within ambit of the terms and is not in breach, there is no cause of concern.

He has been granted the leasehold for quite some time and extraction process has been ongoing for quite a while, there has been no breach of environmental issues so far. It is believed that the gov relevant authorities have carried out regular checks ,there has been no penalty issues bought to light so far. On this basis, why the Gov need to cancel the agreement ? As said, DL can sue the Gov for breach of contract and claims damages . Do you believe the Gov is so dump to pay??

If it is the environmental issue such as pollution of river, the relevant gov authority will check and fine the company , not DL . The BOD of the company is accountable for it . why DL alone ?

What rule has DL broken in the agreement between the Gov and him ? why enforcers need to go there ? DL is free to sublease the land to anyone ,that the agreement between DL and someone else

The Gov has a lot of land . You can apply for a plot of land and create a leasehold of say, 50 years. The land can not generate revenue to the gov ,the gov is more than happy to lease to you. All the Gov cares is that you can pay the lease premium and regular rental . You are free to sublease the land . after 50 years, the Gov can take back the land or continue to lease to you if you wish. Basically, during the tenure of the leasehold, how you use the land is up to you .

Do you still want the land if you are not allowed to sublease ? You tell me if you are businessman.

Not, it can not be enforced unless it is spelt out clearly in the agreement unless otherwise whereby any one whether male, shemale , black or blue have created nuisance to the tenants nearby , then the landlord can intervene.

For this case, it is a trespassing issue whereby DL has claimed that the company has been in breach of the agreement so the company need to prove they are not in breach .

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