Off course Protasco's volume is low....Dato and Tey accumulated shares in the market and not sharing. Further, it seem Gideon Tan, TPY and OKA's lawyer has recused himself. Basically their own lawyers don't trust and don't want to do anything with them....anyone foolish enough to invest on Nexgram?
The unraveling of Tey Por Yee. Even his lawyer is jumping ship.
One day to go before Protasco’s EGM and the Tey Por Yee empire is crumbling.
Word is his lawyer Gideon Tan has applied to discharge himself from the law suits with Protasco. This after Protasco got leave to initiate contempt charges against Tey and his lawyer Gideon for allegedly interfering with a witness.
Also word is Bill Chng’s Malaysia Pacific Corp Bhd is also thinking of ditching Tey Por Yee.
This to avoid the problems Protasco has found itself in.
So everyone is now running away from Tey Por Yee.
For those who read this blog please share it if you can.
This is so the minority shareholders can vote to do the right thing.
Gideon Tan Razali Zaini NOVEMBER 25, 2014 AT 2:29 PM Messrs Gideon Tan Razali Zaini would like to clarify that the discharge application has been filed and the reason for our discharge is not because of the contempt proceedings but because Mr. Tey Por Yee and Mr. Ooi Kock Aun have engaged other solicitors and/or third parties to advise them on this matter without our knowledge and acted on their advice which are inconsistent and/or are in conflict with our advice.
86868 You were saying TPY owned more than 85% of NG?...Correct figure?
any link? __________________________________________________________________
Nov 25, 2014 08:31 AM | Report Abuse
You are taking about taking over nexgram, the worse company in malaysia and the founders owned more than 85% of the stakes...you are dreaming mah... 25/11/2014 18:35
Gideon Tan is one of the best litigation lawyer in Malaysia, and so far his strategy successfully creates a havoc in Protasco (the two EGMs). I don't see the problem lays with Gideon, it must be with TPY and OKA's case. We should add, even three of nexgram's directors also resigned following Protasco filed the first lawsuit.
@86, it is a data which only be revealed at the court, and believe me, once it is submitted, nexgram is toast.
TPY and his cohorts will not allowed nexgram to be taken because all of his "tricky business" are linked or connected to nexgram. For example, PT Goldchild Integritas Abadi is a subsidiary of nexgram. If nexgram is owned by someone else, the new owner may find document which may incriminate TPY and others.
That shows that Protasco didn't cooked their financial report...as for "company record," obviously there would be no records of his proxy company, it is after all the purpose of a nominee, that is to hide your asset.
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....
86868
1,201 posts
Posted by 86868 > 2014-11-25 15:49 | Report Abuse
protasco volume very low....someone is pushing up price but unfortunately market not interested......