Now IRIS already sold IITS, with the investigation, do you think NIISE will be ready by 2025? or likely to be terminated and open for new tender? Will that not a good news for MYEG? Ops...
IRIS was supported by S5 during the tender, and later S5 sued IRIS after the project awarded. S5 is connected with ex PM SIL? PMX is after MY, and investigate S5/IRIS deal, IRIS is dragged into the boiling water. What is that means for IRIS and MYEG which has lost 50% value last week?
IM WOndering can a company sell 80% of the tender project to another comapny? if liddat buat apa buat tender? any company also can cincai cincai sell off liddat
the government didn't leave a term in it when awarding the contract to them? or purposely leave a backdoor. Just like AP, one big company get all the AP, then give to other small companies. Thats how they flourish. That's where their business model coming from.
Tass Tech company is established in 2016 only.. No track record at all... Unless iris transfer the project to iris technology and sell this shell company
I think this PDPA issue is already too late for rescue when many of us is getting unknown scam call or bank call pushing their products. Its too late by now. its already in the circulation.
Also a General practice Contract Term in any field is mandatory to have a clause of no Sub-contracting. And this high profile contract seems have omitted it. What the hell.
Maybe you should think that way... Iris was planned to sign on the disposal last month and the new of investivation kick in thereafter :) no one businesss can find buyer in a day or week after the news came out :)
I think so too...the sale must have been planned earlier. It is still keeping 20%. What if it realises that it needed more fund to develop NIISe, and TASS came forward but wanted 80%? And if IITS got the contract in an unclean way, some ppl will be convicted, but not IRIS itself, right? IRIS can handle production of ID and have contracts eg Senegal RM80mil and Tanzania RM 167.6mil. So will IRIS recover?
Actually iris main business is similar to dsonic not really into IT segment... I would rather said iris may plan to acquire some assets to assist them manufacture the security paper with the recent disposal
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MQ Trader 2909 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shortinvestor77
5,487 posts
Posted by shortinvestor77 > 2023-02-12 21:59 | Report Abuse
NO HOPE. It has turned upside down.