Beware of people using arbitrage opportunity to lure u buying more iculs.

It would be cheaper to buy the mother share now ? Instead of subscripting the icul at 5 cents and the conversion price is rm 0.20 .
It's a scamm.

something fishy

In my opinion both the auditor and the audit committee definately should have some idea whether the Cash in hand / FD kept is real or not , just by looking at the movement transactions one should be able to deduce . At the end of the day if anything happened they should be equally liable .

i cannot think of any good reason(s) why this share consolidation exercise except to benefit the selfish and evil desire of the board/major shareholders to cash out . the truth is at the end of the day no matter what corporate exercise(s) this counter will always landed at rm 0.005 .

with 97 million revenue turn into 83 million LOSS .. the integrity of the management team is highly suspicious . Warrant a forensic audit immediately , it could be a SPRM case.

Another breaking news forthcoming like Msport ? before it happen better ask SC to suspend the company and do a forensic audit on the operation of the company and at the same time write to Chinese President to awake him on the possible fraud may likely committed by it's citizen .

looking at the scenario now, i believed somethings is not at right and a forensic audit is necessary to check the displacement of proceeds from the last exercise. stupid_investor got a point, special focus should be placed at board's family related transaction .

The whole board and management should be sacked due their incapability to revive the co arising from the previous exercise. something is not right here , should file a complaint to SC and get the MACC and PDRM to investigate where all the money have gone to .

Can someone care to lodge a police report for cheating by the co board & management and also against the present & ex auditor for misleading info & cc a copy to bursa M.

Dear FJ if you do not sue them for civil damages you would not be able to recover any loses. Criminal proceedings would only to ensure the culprit to get the necessary punishments, correct me if I am wrong.

If truly the Fd & cash at bank not real, then get ready to be united to sue the ex & present auditors, the co directors for misinterpretation of info with intention to cheat the investors and also bursa as accomplice to misguide the investors.

suggest for the co to do a valuation on the landed properties stock . It should improve it's NTA .

Judging from the fire incident there is a possibility that more stories will be told subsequently . A thorough Investigation by SC is warranted . critical steps to take is to ensure & safeguard the fixed deposit & Cash at bank. If the co is really sincere to quash the rumours and calm the market sendiment they should disclose the insurance claims as soonest possible and at the same time to declare the dividend immediately.