OBT got it right!

Now TKO had clarified. Let's not stop here. Identify and catch the ones who started the allegations. I am sure the person involved has higher backing..I think there is more to come.
If none, then maybe trying to divert attention from their woes.

Edge owner denies claims he manipulated ringgit

Businessman and owner of The Edge Media Group Datuk Tong Kooi Ong (pic) has denied allegations made on anonymous blogs that he is betting against the ringgit to make it crash for personal profit, and is trying to identify the individuals behind these claims to sue them.

In a statement, Tong, the group's executive chairman, said Bank Negara should be well aware of the allegations against him and the central bank would have contacted him if he was indeed involved in currency speculation.

"I vehemently and absolutely deny the accusations. I did not at any time short the ringgit.

"I am an equity analyst, besides being an established entrepreneur. I am a value investor. I have never shorted currencies or equities. I acquire and build companies, create value for shareholders and create employment through ideas and innovation. My track record speaks for itself.
"I am certain Bank Negara Malaysia will be aware if there is such a heinous crime. Bank Negara has not contacted me and I pledge to cooperate fully with Bank Negara if my assistance is needed at any time," Tong said today.

He called the claims "malicious lies and fabrications" which were "beneath human decency".

They were carried on the blogs malaysianexpose.wordpress.com and kronismemahathir.wordpress.com recently.

"I am currently unable to ascertain the individual(s) who is or are responsible for the malicious lies against me, and what their intentions are. I will pursue legal course of action once I am able to identify those responsible," he said.

The blogs claimed that Tong had taken a US$1.4 billion short position on the ringgit through a proxy in transactions from August last year and to January 2015.

But Tong said it would be impossible to "break Bank Negara" or crash the ringgit because the country's foreign exchange reserves amounted to more than US$110 billion, while the country's current account was in surplus.

"Non-ringgit borrowings are very low. I have gone on record with the above statement both in my speeches and in the articles I wrote," he said of Malaysia's financials.

Tong said "almost every currency in the world" was falling against the US dollar and said the reasons were partly due to the strengthening of the US economy and expectations of an interest rate hike.

"Further, many countries in the region as well as Europe are depreciating their currencies and lowering their interest rates to promote growth," he added.

The ringgit has fallen to its lowest since the 2008 financial crisis amid a climate of high national debt and low world oil prices.

Tong said he also supported the call by Prime Minister Datuk Seri Najib Razak that economic "saboteurs" must be brought to justice.

"As a Malaysian, I, too, am against economic saboteurs. I support the prime minister's call that those who sabotage the country's economy must be brought to justice.”

Last Friday, Najib had told reporters after the Umno Supreme Council meeting that the government would act against ringgit manipulators if there was evidence to prove allegations against them. – February 1, 2015.

- See more at: http://www.themalaysianinsider.com/malaysia/article/edge-owner-denies-claims-he-manipulated-ringgit#sthash.lZ4sZfrI.dpuf

Well, we will just wait for TKO response. He wont be able to keep quiet. No answer means it's true?

They are trying to shift attention from 1MDB fiasco.....

MD talk like bosses of sona and cliq....copycat shit.
In the end, nothing happen at the end of the year...usual reason will be given.

can still go down to 0.62. you buy you die. you accumulate, you die kaw kaw.

going down... shit. Shudn't call puncak...shud call bawah or punggung

keep the stock...and be CON

price going down hill...dateline 9 Feb coming....zzzzzzzzzzzzzzzz

2morrow will be another up day...

buy on rumours.....

less than 5%....

water play coming......

Sal - CON. CON company

pity those who got trapped at 0.455. Contra players die kaw-kaw. ....or keep long long.

wow, if ah jib can do QE, huat lo.

pushing up? not so early...wait for more than three months...

queue to buy at 0.55

q results coming next week...might drop kaw kaw.

enjoy listening to you all talking cock and smashing KNM. Made some money today. Hopefuly tomorrow another good day., wakakakaka

next month q result out drop kaw kaw..

all buy already..waiting to sell...

If no news from company , share price better drop kaw kaw. If still goes up, bursa will declared it "designated counter." newbies dielah.

next counter to be queried, will be inari?

up from 16sen. huat ahhhhhhhhhhhhh

bo chow cccccccccccccccc ahhhhhhhhhhhhhhhhhhhhh

wow, iris Dato hebat! bog 10 million shares at 0.26, sold more than 10millions at >0.30. So who bog his disposed shit?

you buy you die. wait for price to stablies, then only buy.

how many kena caught at 1.22? :(. next week die...

most already sold! when it surge. You still want to buy? later, no volume you hold and die for two years.

mother need to go higher for warrants to fetch better price. CNY rally?

Towkays are selling. They need lots of cash to exercise his warrants. If warrants not exercised they gonna rugi alot. Sell mother 5lots at 2.80 can redeem 14lots of warrants at 2.80. Slowly push price higher, can redeem more per mother share.wakakaka
You buy you keep sure win. .. :)

Company will have to slowly push up to at least 0.1 within two years. If not debtors wouldn't had agreed to change settlement papers.
All on board? If not buy now. Will take off after chinese new year. wakakakaka

see the word fracking?

"Based on the production tests conducted to date and the reservoir information collected during the workovers, the production level is forecast to increase upon the completion of artificial stimulation, fracking and installation of production pumps at selected wells. “In view of the technical requirements to install artificial lift pumps on
a number of wells, the company as a result has seen a delay in bringing some of the wells on to production.
“Barring any unforeseen circumstances, the board anticipates that the net profit of the group for the financial year ending Dec 31 may fall short of the forecast net profit of RM69mil.
“To address the situation, management will deploy all available resources to expedite completion of the remaining works under the workover programme, install the artificial pumps and conduct production enhancement on each well, and add more wells into the workover "

wakakaka

It going to pn17 cos its shale oil not profitable.

sure down cos oil price down again

Thanks CKTAN. Means cash trapped warrant holders will be sweating... Wait till deal completed by 16 Jan tentatively.

maybe court case making price stay low.

If that's the case, say if special dividend given out today, tomorrow mother will be priced 1.80 and warrant price shud be fairly priced 0.80...mah warrant holders (at 1.80)lost alot ..no logic.

if warrant price reduce by same amount mah zero exercise price. so management must come out to comment

If you think 0.04 cheap why BP sell? Ship uses cheap black low grade oil. Not much different in price from june 2013 till now.
last time also like that. very very big volume transacted between 0.05 and 0.055. Then suddenly menjunam to 0.045*0.04. same gonna happen. will menjunam teruk to 0.03 /0.025. wakakaka

free warrants - flying tomoorrrroooowwwww

Why going down? extension rejected?


Type Announcement
Subject OTHERS
Description JAKS RESOURCES BERHAD (“JRB” OR “COMPANY”)
STATUS UPDATE OF JRB’S INVESTMENT IN A 2 X 600 MEGAWATT COAL-FIRED THERMAL POWER PLANT IN VIETNAM (“PROJECT”)

This announcement is dated 28 October 2014.
Reference is made to the announcement dated 1 April 2014 whereby the Ministry of Industry and Trade of the Socialist Republic of Vietnam (“MOIT”) had vide its letter dated 26 March 2014 agreed to extend the required date for completion of the preconditions of the Project (including to achieve financial close) to 31 October 2014.
The Board of Directors of JRB (“Board”) wishes to inform that its wholly-owned subsidiary, JAKS Pacific Power Limited, had vide its letter dated 24 October 2014 (which was submitted to MOIT on 27 October 2014) requested MOIT to extend the required date for completion of the preconditions of the Project (including to achieve financial close) to 31 October 2015.
The Board also wishes to inform that JRB is still exploring with potential partner(s) to invest in the Project.
The Company will make the relevant announcement in due course.

pump and sell..what else? market no good. sell on strength.

1. capital reduction
2. consolidation of shares
3. rights issue.
those bog big big lots prepare some cash for rights
wakakakaka

OMG, now we are reading stock 101 from rookies?

when oil dropped to 45usd, there be another panic selling. there be cascading action till it drop to a flatish level at usd30. OMG!

Bad news for O&G companies:
"After slashing capex, Petronas plans up to 30% cut in opex"
http://www.thestar.com.my/Business/Business-News/2015/01/07/Another-cut-After-slashing-capex-Petronas-is-now-looking-at-reducing-operating-expenditure/?style=biz

bad news for O&G companies:
"After slashing capex, Petronas plans up to 30% cut in opex"
http://www.thestar.com.my/Business/Business-News/2015/01/07/Another-cut-After-slashing-capex-Petronas-is-now-looking-at-reducing-operating-expenditure/?style=biz

Karma, anything on barakah? price still dropping...why? when can go in to buy? below 0.60?