Nikon to cut workforce on slump in camera business: Nikkei

https://www.businesstimes.com.sg/consumer/nikon-to-cut-workforce-on-slump-in-camera-business-nikkei

Notion likes to follow the latest news.

First was mask, then gloves, then AI Headgear and Covid 19 X-Ray system...

When is Notion going to announce they have developed a Covid vaccine? Mordena and Pfizer has announced..

Waiting in anticipation....

Pfizer’s Covid Vaccine Prevents 90% of Infections in Study. Vaccine found for Covid 19

https://www.bloomberg.com/news/articles/2020-11-09/pfizer-s-covid-vaccine-prevents-90-of-infections-in-large-study?utm_content=business&utm_medium=social&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_source=twitter

That's a drop of 30% from RM1 to RM0.70. Looks like the price of gloves of is only going one direction--down.

If Notion wants to play in this cut throat industry where there isn't much in product differentiation, they will need to reduce their production cost or this will eventually eat into their profits and squeeze it in a huge way.

Three-ply face mask 70 sen per piece from Nov 1

Why Notion secure RM337.8 million sales contract but share is day low, at RM1.09?

Isn't that half of it's market cap?

If you are also a Notion shareholder big or small, I hope you are aware of what sort of partnership the company has taken.

I am sharing my thoughts and concerns. Everything shared here is for information purposes only and there is no intention on directing at anyone as the information I provide is freely available on the internet and at the SSM.

I’m sorry if this comment is long. But I’m just expressing my fears and concern. I do hope my fears and concerns are not necessary and I hope the partnership is successful.

I will be watching this development closely.

Directors of Notion, please please…don’t get involve in this kind of partnership as it can hurt your public image and investors view of your company. You need to protect yourself.

I am just a concern Notion shareholder and I want my interest as a shareholder to be protected. I like when you went into the Mask and PPE business and many friends asked me to buy their share.

Since I work near the SSM office in Ipoh, I will go by their office to get all the information I need.

I now do my due diligence on companies as I have been burned in the stock market recently especially when companies make announcement and goreng the stock up.

Wikipedia says, “In business, a related party transaction is a transaction that takes place between two parties who hold a pre-existing connection prior to the transaction.”

Is the Notion-Blinkware Technology partnership considered a related party transaction since Thoo Chow Fah is the Executive Chairman of Notion and major shareholder of Blinkware Technology?

Am I correct or wrong?

Can any sifus help me out here as I am very new to investing and I’m unsure.

Another thing that worries me is this article on Blinkware Technology CEO, Alvin Koh, by TheEdge,

https://www.theedgemarkets.com/article/industry-40-ai-inspection

In the article, he disclosed “at the end of 2016, it raised US$2 million. The US$2 million allowed Blinkware to hire experienced programmers. “We started moving into specific types of programming — machine learning and deep learning — which are the core functions of AI,” says Koh.

Again, on MarketersMedia, a press release announced, “Malaysia’s Blinkware Technology, a motion and gesture platforms provider is raising US$2 million from venture capital funds to help fund its research and development efforts to roll out the Software Development Kit (SDK) for client applications.Blinkware”

https://marketersmedia.com/malaysian-blinkware-technology-to-raise-us2-million-from-vcs-to-fund-rd/172439

At the end of 2016, the USDMYR exchange rate is USD 1 @ RM4.11 – RM4.41

If Blinkware Technology raised USD2 Million or RM8.22mil – RM8.82 million, why is the amount not reflected in the share capital?

A check with SSM shows their share capital was:

2015 Share Capital: RM250,000
2016 Share Capital: RM250,000
2017 Share Capital: RM2,793,305
2018 Share Capital: RM2,793,305
2019 Share Capital: RM6,243,305

Can someone help me understand this? Because the figures don’t add up.

Did USD2million really get raised for Blinkware Technology?

Directors of Notion, can you ask your Executive Chairman and major shareholder of private limited company Blinkware Technology, Thoo Chow Fah, if he knew about this when the CEO Alvin Koh mentioned USD2 million instead of RM2million during his interview in The Edge and the press announcement on MarketersMedia?

Did CEO Alvin Koh lie about the USD2 million investment in TheEdge and press release article?

Why was there no correction on the article if there was an error?

Another thing that worries me is this article on Blinkware Technology CEO, Alvin Koh, by TheEdge,

https://www.theedgemarkets.com/article/industry-40-ai-inspection

In the article, he disclosed “at the end of 2016, it raised US$2 million. The US$2 million allowed Blinkware to hire experienced programmers. “We started moving into specific types of programming — machine learning and deep learning — which are the core functions of AI,” says Koh.

Again, on MarketersMedia, a press release announced, “Malaysia’s Blinkware Technology, a motion and gesture platforms provider is raising US$2 million from venture capital funds to help fund its research and development efforts to roll out the Software Development Kit (SDK) for client applications.Blinkware”

https://marketersmedia.com/malaysian-blinkware-technology-to-raise-us2-million-from-vcs-to-fund-rd/172439

At the end of 2016, the USDMYR exchange rate is USD 1 @ RM4.11 – RM4.41

If Blinkware Technology raised USD2 Million or RM8.22mil – RM8.82 million, why is the amount not reflected in the share capital?

A check with SSM shows their share capital was:

2015 Share Capital: RM250,000
2016 Share Capital: RM250,000
2017 Share Capital: RM2,793,305
2018 Share Capital: RM2,793,305
2019 Share Capital: RM6,243,305

Can someone help me understand this? Because the figures don’t add up.

Did USD2million really get raised for Blinkware Technology?

Directors of Notion, can you ask your Executive Chairman and major shareholder of private limited company Blinkware Technology, Thoo Chow Fah, if he knew about this when the CEO Alvin Koh mentioned USD2 million instead of RM2million during his interview in The Edge and the press announcement on MarketersMedia?

Did CEO Alvin Koh lie in TheEdge and press release article? What do other shareholders think?

Why was there no correction on the article if there was an error?

@menort, I agree when you say, “if retailer put money on lose making company the director most probably will eat the money and fhe company will be the same keep reporting bad qr. They got no motivation to make the company become profitable because easy got money from the retailer.

@investmalaysia, I also agree when you say, "We do not want to put money into a company that simply invest in things. First face mask, now AI thing. Most important the AI is director personal company. Use public company to invest in personal company?"

Directors of Notion,

How sure are you your partnership with Blinkware Technology can come out with the AI product development you funded with the RM1million?

Notion has always picked their partners carefully. But this time, why are you partnering Blinkware Tehcnology, a company with continuous large losses for 3 years?

Why did Notion get into partnership with Blinkware Technology, knowing full well it is your Executive Chairman Thoo Chow Fah's personal company in which he and his family has 51.93% shareholdings? (As per Bursa Announcement on 15 Sept 2020)

If Blinkware Technology have good AI products, why do they have such huge losses? It is really questionable.

Blinkware Technology Key Financial Information provided to SSM:


FY ending Feb 2017

Revenue: RM235,000
PBT: -RM2,855,947
PAT: -RM2,847,273.00
Retained Earnings: -RM2,834,849.00

FY ending Feb 2018

Revenue: RM 1,018,675
PBT: -RM673,084
PAT: -RM673,084
Retained Earnings: -RM3,507,933

FY ending Feb 2019

Revenue: RM596,600
PBT: -RM1,769,322
PAT: -RM1,769,322
Retained Earnings: -RM5,217,255


If Blinkware Technology have good AI products, why do they have such huge losses?

It is really questionable.

The Common shareholders of Notion and Blinkware Technology are:
(As per their announcement to Bursa on 15 Sept 2020)

* Notion Chairman: Thoo Chow Fah & family (holds 53.93% in Blnkware Technology)
Independent Non Executive Director of Notion: Anita Chew Cheng Inn (holds less than 1% in Blinkware Technology)

*Correction



As an investor, do you think it's ethical to do that? Just concern this may start a precedent to other 'partnerships'?

Is that how they look after minority shareholders?

What do other minority shareholders think? Appreciate your thoughts.

Thanks!

As an shareholder of Notion, I have several concerns about their latest investment of RM1Mil to fund an AI Product Development with a product maker, Blinkware Technology Sdn Bhd,

Had a lookat Blinkware Technology website and only saw drawings of different machines on their AIRRE Inspect and there are no actual pictures of any machinery on their website.

Did Notion make a mistake engaging them?


More concerning is their audited Key Financial Information they provide to SSM:

Blinkware Technology:

FY ending Feb 2017

Revenue: RM235,000
PBT: -RM2,855,947
PAT: -RM2,847,273.00
Retained Earnings: -RM2,834,849.00

FY ending Feb 2018

Revenue: RM 1,018,675
PBT: -RM673,084
PAT: -RM673,084
Retained Earnings: -RM3,507,933

FY ending Feb 2019

Revenue: RM596,600
PBT: -RM1,769,322
PAT: -RM1,769,322
Retained Earnings: -RM5,217,255

Why did Notion engage a company that is bleeding year after year to produce 2 Artificial Intelligence products? Can't they consider a profitable company that have the capability to do that? I'm sure there are many around.


The Common shareholders of Notion and Blinkware Technology are:
(As per their announcement to Bursa on 15 Sept 2020)

Notion Chairman: Thoo Chow Fah (holds 53.93% in Blnkware Technology)
Independent Non Executive Director of Notion: Anita Chew Cheng Inn (holds less than 1% in Blinkware Technology)


I really do hope Notion has done the due diligence and is investing RM1mil because this deal will increase shareholders value.

Time will tell if this is a right choice made by the management.

I as an investor is concern with the direction Notion is taking.