As member of press am fortunate and unfortunate to see the saga going on. Young tiger facing crocs and snakes is not uncommon when comes to power strugglers in corporate. The investors of that problem potasco is the MD himself and his friend cum director. Not surprising at all so hurry because have guilt or something to hide cannot let the two to revil, press shall wait for the truth.
money_lover, u r correct. Y sud TPY hold on to Protasco shares!!! He will sell Prot and up his stake in Nex-G (Next Gold)...Beware Prot shareholders!!!!!!!!! Your price will drop soon.
I believe nexgram will be nexgem.... TPY got so many projects in Nexgem... then ? leave it like that? Angkasa, Fiji, TMT, sensorlink... all these good projects... he so free meh? now is to decide to buy more or maintain our stocks.
later you will see TPY counter sue prostasco... hahaha.... you know lah... anything can happen... then you can see prostasco share price drop and nexgem up... like soap drama like that.
KUALA LUMPUR (Oct 28): Protasco Bhd ( Financial Dashboard) non-executive director and substantial shareholder Tey Por Yee has launched legal proceedings against six board members of RS Maha Niaga Sdn Bhd, to recover RM10 million to Protasco.
He has listed Datuk Seri Chong Ket Pen, Kenny Chong Ther Nen, Low Kian Seng, Edward Khoo Mong Wei and RS Maha Niaga as six of seven defendents named in the suit, while Protasco is listed as the seventh defendant.
In a press conference this morning, Tey said Maha Niaga is a company owned by Protasco's senior management.
Tey also said he had discovered evidence of money trail where money paid to Protasco was flowed through layers of companies before a RM 10 million cheque was drawn and paid for the benefit of Maha Niaga's account with United Overseas Bank (Malaysia) Bhd.
Tey claimed that PT Anglo Slavic Utama (PT ASU) vide their lawyers have informed him that the money was Protasco managing director Datuk Seri Chong Ket Pen's financial gain from two contracts.
The two contracts comprised an oil deal with PT ASU, and bitumen and coal trading with another Indonesian companies.
On an earlier lawsuit Protasco had brought against PT ASU, Tey and another non-executive director Ooi Kock Aun, Tey stressed that he is not holding any shares in PT ASU and PT Anglo Slavic Indonesia (PT ASI).
"Neither me nor Ooi Kock Aun are directors in PT ASU and PT ASI," he said.
Posted by steveooikp > Oct 28, 2014 01:54 PM | Report Abuse
I believe nexgram will be nexgem.... TPY got so many projects in Nexgem... then ? leave it like that? Angkasa, Fiji, TMT, sensorlink... all these good projects... he so free meh? now is to decide to buy more or maintain our stocks.
Bollinger Bands .......The current lower band of NEXGRAM HOLDINGS BERHAD 30 days horizon is 0.07. The upper band for the period is currently at 0.13. Given the current price of 0.11, the overall demand for shares of NEXGRAM is increasing......UP Trend.....No worries...
Use NEXGRAM to enhance returns of your portfolios. The stock experiences upward sentiment.. ..
No problem...bros 3abdul/komnas...my pleasure....stay positive....I am keeping NG as my long term portfolio......SURE MONEY......0.20 is peanuts...aim higher......
court case nothing to do with nexgram.... that is between tpy and prostasco.... I can see even tpy also never worry about the court case. tpy even can announce in the media that angkasa projects are confirmed, ground breaking ceremony 1st quarter 2015. Those are affordable houses, sure can sell well.... RM 1.2 billion contract sum, guarantee from govt. Govt project, say 20% profit ---- RM 240 million....
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
money_lover
98 posts
Posted by money_lover > 2014-10-28 04:27 | Report Abuse
Better for NG to cut off ties with the cancer that is Protasco and find new partners. TPY should dump his Protasco shares and buy in NG.