Posted by ssboy > 2014-11-11 13:29 | Report Abuse

Tunggu la,mesti goreng up.......

Posted by Steven Tan > 2014-11-11 13:32 | Report Abuse

tak tau nak tunggu berapa lama ni...

Posted by johnmaster > 2014-11-11 13:34 | Report Abuse

estimated 1-2 years time..just be patient...should be rewarded

Posted by flyingcow > 2014-11-11 14:19 | Report Abuse

is ti a good time to buy in now?

Posted by TuaHuat > 2014-11-11 14:19 | Report Abuse

Yes. (Disclaimer: At ur own risk okay!)

Posted by seemal > 2014-11-11 14:21 | Report Abuse

now is the right time to buy

Posted by flyingcow > 2014-11-11 14:25 | Report Abuse

Sifu can ask your advise does this counter have more potential or NOVAMSC? This counter can earn short profit and as well as hold long for big return. But Novamsc, is having a up trending due to sudden rummor which no one is sure what is going on, it rise to .18 then drop back to .17 this morning but after the company reply to the changes everyone believe it would break .18. but i am just afraid is a trap as .18 is the highest price the company have reach so far?

Any advise here sifu?

Posted by flyingcow > 2014-11-11 14:28 | Report Abuse

NOVAMSC is a GST counter also

Posted by Steven Tan > 2014-11-11 15:15 | Report Abuse

Today is just another same old day...

Posted by lockheed90 > 2014-11-11 15:28 | Report Abuse

this stock got good fundamentals but still havent gone up

Posted by Abdul Rahim > 2014-11-11 15:34 | Report Abuse

Wow....kopi sudah habis...show tarak .....

Posted by Steven Tan > 2014-11-11 15:35 | Report Abuse

hari ini hari tidur la...

Posted by bing > 2014-11-11 16:49 | Report Abuse

ZzzzzzzzzzzzzzzZ tak mimpi.

Posted by TuaHuat > 2014-11-11 17:01 | Report Abuse

Closed at 0.095. Wednesday to Friday foresee some technical rebound.

Posted by TuaHuat > 2014-11-11 17:02 | Report Abuse

Month end is crucial time.

Posted by surewin1woh > 2014-11-11 17:05 | Report Abuse

"Fake que is an act to induce people into selling or buying....Who practice this? ~ Big Players....therefore...when Fake Que appears...means Big Players are in it.......

How & When? ~ Big players are always the one who scooped up shares during the point when market turning from bad to good... usually when retail investors are in Fear or sidelined....therefore...their costs are always very low.... Big Players will continue to collect from time to time (it's call "process of buliding") until their holdings are large enough to enable price control....

**I have seen this type of trend during my investment in INGENS prior to its sky-rocketing period....the entry of CBL then. History to repeat itself???**

Posted by banana86 > 2014-11-11 17:08 | Report Abuse

it looks like another RA, strong fundamental but the price floating at 1.00 with very strong support at 0.95.

Posted by TuaHuat > 2014-11-11 17:10 | Report Abuse

Tey and Chong, business partners before fallout

Posted on 11 November 2014 - 05:39am
Last updated on 11 November 2014 - 11:12am
Rupinder Singh
sunbiz@thesundaily.com

Print

PETALING JAYA: Protasco Bhd's board room tussle shows no sign of abating despite both parties having filed lawsuits against each other, with more allegations being brought up in public, in the run-up to two EGMs on Nov 26 and 28.

Accused of making RM10 million in secret profits from the collapsed Indonesia oil and gas venture, Protasco's executive vice-chairman and group managing director Datuk Seri Chong Ket Pen (pix), who called for a press conference yesterday, has now revealed that he and Tey Por Yee were in fact business partners before the fallout between the two.

Chong told reporters yesterday that the RM10 million Tey claims to be financial gains from the aborted PT Anglo Slavic Indonesia (PT ASI) deal is in fact part repayment of a RM20 million loan to Tey by Chong, in a bid to bring the low profile businessman in as a strategic investor in Protasco.

He said the money given to Tey in December 2012, was to help him secure a short term loan to complete his purchase of Protasco's shares.

"At that time, I viewed him (Tey) as a strategic investor that would be beneficial to the group, and (so) I agreed to help him organise the loan for RM20 million," said Chong.

Tey emerged in Protasco in late 2012 and is currently its second largest shareholder with a 17.69% stake.

Chong's press conference comes after Tey took out an advertisement in selected newspapers last Friday, presenting the alleged RM10 million secret profits obtained by Chong in a chart form.

According to Chong, Tey has repaid RM10 million of the loan to RS Mahaniaga Sdn Bhd, with another RM10 million outstanding.

"I lent him the other half via JF Apex Securities Bhd through a margin financing facility in my own name. The loan was secured using my own Protasco shares and my personal guarantee," Chong told pressmen at the meeting he chaired together with his public relations consultant Lionel Lau of Millennium Associates Sdn Bhd.

"The RM10 million under JF Apex is still outstanding," he noted.

Chong has a made a police report against Tey's claim that he made secret profits from the aborted PT ASI deal.

"I will definitely sue Tey but not now," said Chong, adding that the focus now was to recover a RM50 million deposit Protasco paid for the PT ASI takeover deal.

Chong claimed that the suit filed by Tey through his company Kingdom Seeker Ventures Sdn Bhd (KSV) was "manipulative and aimed at confusing and misdirecting people".

Tey in response to Chong yesterday said Chong's claim that he had borrowed RM20 million from him and RS Maha Niaga was "downright untrue and unsubstantiated".

"If it is true, Chong should provide the agreement to back his claims. The only loan that Chong has given is RM10 million and it was to Kingdom Seekers. We have a loan agreement drawn up and I will be happy to make it public to substantiate this," Tey said.

According to Tey, under the terms of the loan agreement between Chong and Kingdom Seekers, the repayment of the loan was subject to the PT Anglo Slavic Utama (PT ASU) deal going through that is, seven working days after completion of the PT ASU deal, Kingdom Seekers will return the RM10 million to Chong.

Tey said in the loan agreement, Chong had agreed that Kingdom Seekers can appoint an executive director onto the Protasco board.


Click here to Original Content

Posted by bing > 2014-11-11 17:31 | Report Abuse

TuaHuat, I blur blur liao! Now siapa pinjam siapa kasi pinjam?

Posted by bing > 2014-11-11 17:34 | Report Abuse

Siapa masuk pocket?

Posted by aBrokenHeart > 2014-11-11 17:43 | Report Abuse

Just enter at 0.10. Unexpected fall to 0.095. This counter use to be at 0.13-0.175 at best. Come on. I think lots are trap at 0.12-0.125 in recent months.

Posted by aBrokenHeart > 2014-11-11 17:44 | Report Abuse

Any news please?

Posted by TuaHuat > 2014-11-11 17:55 | Report Abuse

26 or 28 Nov we may know or we may not. Close to these 2 days should have more side dishes revealed by Chong n TPY. If TPY is being removed, Nexgram may tumble but I foresee it will rebound soon.

Posted by sam5941 > 2014-11-11 18:02 | Report Abuse

this tock will touch 0.085 very soon.

Posted by toolateboy > 2014-11-11 18:08 | Report Abuse

Means that it will affect JV between Nexgram and Protasco? 0.085? Why predict so?

Posted by bing > 2014-11-11 18:08 | Report Abuse

sam5941, you lose so much in share market?

Posted by Steven Tan > 2014-11-11 18:36 | Report Abuse

Read the announcement! No wonder there is always someone throwing at 0.100!

Posted by Fredinan > 2014-11-11 18:51 | Report Abuse

Chong earlier deny few days says he dont know and did not take money, later he admit taken money and its loan repay. Denied then admit already has zero credibility! It self is a lier! The loan so call was like A loan B, separate deal A pay C, C kick back 10mil to A. Strange?? What is it got to do with B loan? Chong should tell the world if he fulfilled any loan agreement terms, be transparent. His style of "verbal accuse people" the first time many got fooled, now use same trick again nobody believe! If lie once dont know how many lies he did. If he is not gone, protasco will be gone. This is 3 shareholder fights, nothing to do with company here. I lost both shares because of that Chong bastard. Anyone lost money in that stock go kick him out. Like that lor.

Posted by Ejsaham > 2014-11-11 18:51 | Report Abuse

wonderla....so can fly tomorow?

Posted by Ejsaham > 2014-11-11 18:52 | Report Abuse

candle cun today right?

Posted by kantchua > 2014-11-11 19:36 | Report Abuse

Macam ada harapan.

Posted by Fey68 > 2014-11-11 19:44 | Report Abuse

TPY sell his share to buy protasco share so that he can kick out Chong and take protasco private

Posted by Steven Tan > 2014-11-11 19:46 | Report Abuse

If he want to dispose...would have done so when its up... Why when it's low...unless they wan buy up protasco so to free up money here..

Posted by Fey68 > 2014-11-11 19:54 | Report Abuse

check the selling date is on last week 11.5 sen ok not today

Posted by Fey68 > 2014-11-11 20:08 | Report Abuse

both hold 20+% in pertasco share need another 10% can go MGO

Posted by Steven Tan > 2014-11-11 20:14 | Report Abuse

They would have goreng kao kao to sell out...

Posted by Steven Tan > 2014-11-11 20:15 | Report Abuse

Oh ..and quarter resilt out soon...

Posted by Marina > 2014-11-11 20:16 | Report Abuse

Fey68: what u suggest..can collect ng lagi ka
I stuck ady..

Posted by Steven Tan > 2014-11-11 20:17 | Report Abuse

Tml got show...

Posted by Ejsaham > 2014-11-11 20:26 | Report Abuse

aku keluar mulut buaya ingat boleh kaya cepat kaunter ni...mcm ni bila mau kaya...
base on buy Q today..i believe tomorrow fly a little bit...hopefully

Posted by Stockker > 2014-11-11 20:32 | Report Abuse

Bursa announcements : owners selling like crazy, how ???

Posted by Ejsaham > 2014-11-11 20:39 | Report Abuse

ayoo bro why panic? if got 10 people like you...of coz this counter never go up....

Posted by Ejsaham > 2014-11-11 20:46 | Report Abuse

please look at company potential, every quarter make profit more than Efficen (haha), if i the owner of this company and got 3 problem director...you think i give them to sell higher??of course not...

Posted by TuaHuat > 2014-11-11 20:52 | Report Abuse

GAO, u said before - TPY sells, u sell. So how ?

Posted by steveooikp > 2014-11-11 21:47 | Report Abuse

Tuahuat. ... why TPY disposed his shares? Some more disposed recently. What he is doing?

Posted by steveooikp > 2014-11-11 21:47 | Report Abuse

Why TPY disposed his shares? Some more disposed recently.

Posted by steveooikp > 2014-11-11 21:48 | Report Abuse

9.5 sen..... wc. ... 4.5 sen.... OMG

Posted by chebicef > 2014-11-11 22:01 | Report Abuse

insiders are selling their shares... same as sanichi... probably the end of ACE bull

Posted by travoltakeong > 2014-11-11 22:04 | Report Abuse

Owners "sell"......"someone"....."buy"

Posted by surewin1woh > 2014-11-11 22:07 | Report Abuse

Dun fret, now bigger float in syndicate hands, can goreng kaw2. Always in OKA's hand also boh up 1. The show will start soon.....right up till qtr result next month.