SC need to investigate this kind of company why always maintain the shares price low (toilet paper is more expensive than this counter) and continue to issue esos and private placement
Too many shares, too many private placement, too many esos, too many MOU cancel at last minute. SC or Sprm pls revert investigate. The management purposely press down the price below 0.05 cts. Better delisted from bursa. Really spoiled the market.
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Maybe change company name to 'hide' the past from new investors 7. Repeat step 1 to 6
Buy and sell back all AT 0.010.. LOL.. never cross 0.015.. Commonly this will lead to consolidation with justification that the price is hard to move..
Reference is made to the Company’s announcements made on 5 January 2021, 18 June 2021, 6 July 2021, 1 September 2021, 26 October 2021, 30 November 2021, 7 January 2022, 14 February 2022 and 22 March 2022. The Board of Directors of ATS wishes to announce that the trial dates for the case from 5 December 2022 to 7 December 2022 have been changed to 12 August 2024 to 14 August 2024 by the High Court of Penang. You see, why postphone till 2024? something not right. We will keep monitoring this even if postphone till 2050 !!!!! This announcement is dated 21 November 2022. ================================== 1. AT system going to print 6.6b x 20% =1.32b new toilet papers via ESOS. Dont be rubbish collector , avoid bad rubbish dumpster.
2. Monitor the 4.44m money ,3 years already still no refund. This 4.44mis the FOOL amount for the purchase of glove factory. Where got people pay FOOL amount while still under due diligence?
3. WHEN will PEARL GLOVE refund the 4.44m (full purchase price) paid by AT Sys while dilligence was conducted? Have you heard of CEO ,paying full amount ,while doing due dilligence? This is first time in history, a CEO pay FULL AMOUNT while doing due dillegence.
4. NOw the court takes 3 years already, still no news. Why is it soooooooooooooooooooooooooooooooooooooooooooooooooooo difficult for the court to complete the case? Is it a rocket science problem or just a simple case? How does a court system works? How does the court registrar handle a case? Who is the court registrar?.
5. If SC dont bother about this $4.4m money being lost, that mean no hope for retailers. It mean SC will close one eye when another case happen again.
Thedgemarkets.com Yafiqah Salim
January 05, 2021 22:15 pm +08
AT Systematization sues glove firm’s shareholders to recover money after cancelling acquisition
KUALA LUMPUR (Jan 5): AT Systematization Bhd is suing the shareholders of Pearl Glove (Malaysia) Sdn Bhd to recover RM4.4 million, after abandoning its planned purchase of the glove maker.
The group said its wholly-owned subsidiary AT Glove Engineering Sdn Bhd filed the suit against Hai Hong Capital Sdn Bhd, P’ng Sim Guan, P’ng Lai Heng, Hai Hong Holdings Sdn Bhd and Aaron Khoo Teng Soon at the High Court on Dec 31, 2020 ( Glove bull run terminated in Sep 2020)
AT Systematization said AT Glove had signed an agreement dated June 26, 2020, with the shareholders to purchase their shares in Pearl Glove for RM3.44 million. A deposit of RM687,800 was initially paid to the shareholders.
AT Glove also advanced a loan repayment amount of RM3.71 million to Sim Guan, Lai Heng, Hai Hong Holdings and two others for monies owed to them by Pearl Glove, the group said.
It said that after a due diligence exercise was completed on Pearl Glove by AT Glove, the latter was unsatisfied with the result of the exercise.
“On Dec 11, 2020, a termination notice was issued by the plaintiff after further negotiations with the defendants were unsuccessful,” said AT Systematization.
The group said that under the terms of agreement, Pearl Glove’s shareholders are to return all money paid including the deposit and loan advance to AT Glove, after the termination notice.
It added that all attempts in the recovery of the money were futile and thus legal action was taken.
I wonder how those die heart fans are doing now? How is that smart moderator (sorry i cant remember the smart guy's name) who kicked me out when i advised others to wake up not to continue fantasies about this counter anymore?
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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....
M55555
1,100 posts
Posted by M55555 > 2023-03-27 14:54 | Report Abuse
today siapa cabut. super big volume cabut