Sept3, the star: Chin first emerged as a substantial shareholder in the company on March 21 with a 8.73% stake he acquired from the open market. He subsequently disposed of 6.8% stake in the company and ceased to be a substantial shareholder.
Following that, he has been building up his stake again since June 28 and his last transaction was a purchase of 11.48 million shares from the open market on Aug 8.
------------------------------------- If 9tology intend to "invest", why not collect from open market like Chin?
too many already...harvest, nicorp, aglobal, ingens etc... sc seems powrless. SC has to look at 9tology background and get into the bottom it. check the shareholdings and their proxy link with the substantiate holders. Same case goes to silver...make internal audit announcement quarterly and hold the audit committee more responsible of their duty and high light substantiate changes in their sales, assets and debts.
stocks like these questions the ability of SC and also the flaws of corporate governance in Msia. Despite being in the ACE market, it is not an excuse to submit to corruption and should succumb to transparency.
If not, why do we need professional accountants or laws to begin with if the wrongs are not punished?
It raises a lot of questions to the SC on how they are actually handling matters as such.
RC and C must came from the same school "havard".. some strategy...like harvest from .10 to >2.00 and falls like "humpty dumpty sat on the wall, and humpty dumpty has a great fall." remember harvest, nicorp and aglobal.... the difference is that RC has something to offer ..land banks.. which ace is he playing? nicorp or harvest or none?
in future they must be some ruling where SC need to approve these kind of offers.This was a real scam.those who lost here please make a police report and get in touch with that useless minority watchdog group
Maybe we should take this opportunity to make some aggressive sounds / complaint to Bursa or any authority and media that such event must be investigated & punished accordingly , perhaps we individually can write to Bursa & cc media to begin with ....... what do u guys think ? For sure in Spore or London or New York , the culprit will b lock behind BAR by now !!! Indeed it is BIG embarrassment to us all as Mysian !!
soon bursa will appoint independent auditor to investigate..... terms of ref 1. validity of financier of the multi-mil deal 2. intention of buy-out .... 50%+1 instead of 'just from the 4 favoured parties ....why?
i think some of us have not burnt enough hell money for the ghost lately at the Ghost festive season and now they are haunting most of us. look foward for full moon on the 8th Lunar month to celebrate mooncake festival which will be brighter provided that v have left our underwear enough to clebrate. hehehe
you write to MACC, they will say corporate matters you write to bursamalaysia, they will ask you for the burden of proof you write to the minority watchdog, they will say they are useless against greedy punters you write to tuapekkong, maybe got chance la. strike Chin down with thunderbolt! :)
when lose,complain here and there...when win,dint even care to compliment...learn to control your greed instead complaint here and there and get nothing in the end!
Story of my life n we the minority allow the selective to abuse n get away for it bcos our culture tell us is waste of breath to complain , thk god Nelson Mandela ; Aung Sung Su Chi etc etc never give up in their drive ....................
lol abuse...u all actually believe the transaction will go through? blind man also wont step in, time to change your glasses! This is not even gamble, its more like driving into a pothole during day time
I think the point here is that, the substantial shareholders had committed something very wrong. The public sentiment was created by some sensational events that could very well be a scam (as most of us see it).
So, losing money is part of the end results. But more importantly, are these culprits going to get away just like that?? Despite all these rules n regulations to protect investors?? Not forgetting the share market is open to all investors including foreigners. News like these won't help the Bursa Exchange in promoting our regulatory controls, and enhancing shareholders' confidence.
Bro, if u guy want to complaint, plz go direct write complaint to SC! Last time my friend write complaint about gpro 1 day before it fall. They r too lazy, so u need to tell them buy complaint. Seriously!
Very interesting episode and thats what the media conference is for...to calm the selling pressure and give false security. can been seen ppl chasing the stocks and expecting to pass .30. Of it can breached 0.3 if everyone hold the beliefs. God bless all. Congrats to those who dare...
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surewinL
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Posted by surewinL > 2012-09-05 14:21 | Report Abuse
U have my full support