CC Puan hiked up to the Himalayas to do some meditation and maybe some kind of ritual cleansing but it's no help in the financial results.. ... GP is still bleeding profusely

Watch out this counter could become 2nd APFT !!

Loss again... this time all 3 core business are deteriorating; communication business registered a lower profit of only 0.5m whereas the Digital and Software Devices registered a much lower turnover and higher loss

Even if the coming QR shows a good report for quarter ending 30 June but the future coming results will still be questionable in view of the govt crackdown on logging activities

TS Rashid Hussein was roped in as a cornerstone investor in the acquisition of FMU5, and if he disposed the shares it tells something more than meets the eyes...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5893149
Major SH is selling !! Something ain't right !

The only quarter that GP made money was when they sold P1 Wimax; resulting in accounting extraordinary income (only on accounting and no physical monies involved)

Way back in 2009 when they launched P1 Wimax they predicted that it was a game changer for GPacket and telecommunications industry but it turned out it was a bleeding machine that sucked them dry ! CC Puan and Tan Kay Yen are truly optimists even in the face of operating loss, quarter after quarter, year after year, they still put on brave face and forecast better times ahead ! Maybe They Have A Dream as espoused by Martin Luther King...Hahaha

Hopefully this time around his optimistic forecast will turn out true

C C Puan and Tan Kar Yen have been making optimistic statement day after day , year after year since 2009 but the company has been losing and losing money; hahaha, what a contradictory...at one point even on the brink on being labelled as PN17 counter...!

As with all other counters, whenever there is a Rights Issue the said counter will experience a sudden drop in share price... !
I think GPacket’s price will drop anytime soon to that of .33 to .39 ....

It’ll be rough sailing for all former BN’s cronies..!

PH Govt is finding ways and means to revoke the timber concessions awarded by BN for the latter only thrives on money politics... its the only way to cut off their lifeline so that they’ll be buried permanently

Simple rule : When in uncertainty, avoid the counter

https://www.nst.com.my/news/crime-courts/2018/08/403645/macc-probes-graft-case-sabah-forestry-department

https://www.malaymail.com/s/1664620/macc-raids-sabah-forestry-dept-offices-officers-homes

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5655265
Something amiss...how come circular to shareholders in Jan 2018 did not reveal at least Q1 and Q2 2017 profit and loss...? Do they have something to hide or 2017 was not making as much as 2016 ??

Mother at .24 warrants shld be .055 to .065

https://www.thestar.com.my/news/nation/2018/08/07/sabahs-conservator-of-forests-sam-mannan-gets-notice-of-termination/

The raids are still on going to flush out former CM's cronies, the Lim Brothers' controlled companies including PWorth...!

http://www.sinchew.com.my/node/1780593/%E5%86%9B%E8%AD%A6%E8%8D%B7%E6%9E%AA%E5%AE%9E%E5%BC%B9%E9%A9%BB%E5%AE%88%C2%B7%E5%8F%8D%E8%B4%AA%E4%BC%9A%E6%90%9C%E6%9F%A5%E6%9C%A8%E5%8E%82

https://www.thestar.com.my/news/nation/2018/08/02/breaking-the-timber-cartels-macc-raids-logging-firms-believed-involved-in-shady-deals/

Issue of contention: the police investigation is still on going on the seized 40000 logs and if is found that the company is involved, the authorities have the right to revoke the logging concession..

Given that almost all penny stoks are doing very badly especially after RI or consolidation (i.e. Bornoil, Hubline, PDZ, Matang, Vivocom, Minetec, Netx, EAH, Nexgram, ) and many many more, I think PWorth is no exception !

With 3 times more than the current number of share, the price will go down substantially after the shares are credited into accounts...! 3 billion more shares are coming compared to the current 1 billion...!

Exactly, TA will only tell you the past, not future...

As compiled, in US market as well as worldwide's , 90% of all penny stocks players lose heavily in the medium to long term

Well from what I observe there are 2 sides of a penny stocks..
During good days the stocks will out perform by percentage compared to stocks that are higher price ; but in a down market its the other way round as players perceive that those are stocks without fundamentals

http://www.theborneopost.com/2018/07/20/fmu-holder-says-it-complies-with-relevant-laws-practices/
But he stopped short of confirming whether all or part of 40000 logs seized did or did not belong to Pworth

Bursa Malaysia, being the exchange authority should query Pworth

Wait till Monday if still no public denial regarding the issue, silence means guilt admission...

Nothing short of a Public Announcement is good enough to calm investors' nerves...!

The above is a very serious issue as it concerns the on-going capability of the company..!

http://www.freemalaysiatoday.com/category/nation/2018/07/18/public-listed-firms-caught-breaching-forestry-laws-in-sabah/
If Pworth is not the company involved, its Directors should come out to clarify...!

Look at PDZ, RI @0.1 and the price now is lingering at 0.05...

The acquisition of the timber concession FMU5 was made primarily with the aim of extracting and exporting of round logs in the first place and with the export ban it will have adverse effect on the company heavily.....!

https://www.nst.com.my/news/government-public-policy/2018/05/374518/sabahs-ban-export-round-logs-stays-says-cm

rumour take over ?

Only Tun M is in favour of VT BJ Corp, the rest of PH leaders don't give a damn...When Tun M steps down in 2 years' time, BJ Corp will suffer as it is perceived as BN's cronies...!

From what I observe, PH Govt is going all out to kill BN related source of income.. better avoid counters that are BN related....!

Business is left with only paying summonses, renewing road tax and all those cheap stuff; well any Tom Dick and Harry is able to do what MYEG can do, so the govt is awarding more similiar contracts to more ppl so as to be more competitive

Avoid MYEG at all cost, worst is about to come, PH people will strive hard to hit Umno financially for they thrive only on money politics; no money no talk nature....unlike PH people where they support the party with their true heart and soul sometimes even forking out from their own pockets...

A main stream of income is gone..Brace for more bad news to come, market cap would be less than 1 b

https://www.thestar.com.my/business/business-news/2018/06/01/immigration-dept-ends-rehiring-programme-impacts-myeg-and-two-others/

Profit 592000 considered very good; can apply to get out of PN17 status soon ! (Already 2 consecutive profits as required by Bursa rules )
Share price will shoot up tomorrow !

Looks like windows of opportunities are lost ... pity on the poor Warrant holders, soon their holdings will turn valueless...!

Problem is market will not react logically...!!

ini kali betul- betul mati liao ..!

I think after today the price would go up steadily...

According to prospectus, today is the day to pay 157m...