NEXGRAM HOLDINGS BERHAD

KLSE (MYR): NEXGRAM (0096)

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Last Price

0.02

Today's Change

0.00 (0.00%)

Day's Change

0.015 - 0.02

Trading Volume

240,100


46 people like this.

50,494 comment(s). Last comment by icedvestor 1 week ago

bing

3,794 posts

Posted by bing > 2014-11-27 12:30 | Report Abuse

Thank you Alice your sentence to borrow. Very suitable for Chong!

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2014-11-27 12:31 | Report Abuse

At the end both will suffer the most financial loss that is my conclusion.

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 12:37 | Report Abuse

@bing, ???? I don't get it.

@fam, the one with huge loss is TPY and OKA....trust me on this...

bing

3,794 posts

Posted by bing > 2014-11-27 12:44 | Report Abuse

Alice how we fight with old fox? Some more dato tim! Can teach or advise us?

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2014-11-27 12:54 | Report Abuse

All your cos share price will dip in long run,your lawyers will be most happy to see you fight.If you need mediator I can volunteer to talk to both sides.Pleaceful negotiation is the best bcos no one is a sainwhat is not yours just return if there is a termination of contracts.Even if directors have vested interest he still can sell but restrain from voting only so not a bid deal.

Posted by garywaiwai > 2014-11-27 12:59 | Report Abuse

is there any FY report coming soon?

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2014-11-27 13:04 | Report Abuse

Settle disputes out of court is the best solution,fortunately you are not bankers if not there be a run and everyday depositors will q to up to get their money back.Slowly creditors,bankers will press you all for money so settle your problem fast.

Posted by Goodkiller > 2014-11-27 13:13 | Report Abuse

Send chong inside let him think 15 years what his cost of dishonor his agreement and expect his victims take all blame. He should be taking all the blame, why cover up and expect his victims to take all blame? What fk face is this? Be it a business lost, Chong himself did many times. All the fail projects, he "pay back company meh the lost"? Fk him la fake face. Jail he goes. If project success or fails its part of business. Chong signed up for it, answer to GOD. His guilt is eating him. Day by day, until he is in, he will look back and regret he lost "everything" because of his guilt.

Ask Chong pay back all the lost and bribe he did in construction and go bankrupt lor. His 3 lifes also cannot repay. Talk so much pretend. Ask GOD forgive him lor for his sin, before pointing finger.

clementlee

443 posts

Posted by clementlee > 2014-11-27 13:18 | Report Abuse

so, will the chong fight back by attacking nexgram share to expel tpy instead?

bing

3,794 posts

Posted by bing > 2014-11-27 13:26 | Report Abuse

Clementlee, you mean from Nexgram?

Bjcorp

42 posts

Posted by Bjcorp > 2014-11-27 13:28 | Report Abuse

Chong is going to jail, no time watch shares. He is covering up bigger problem in billion Ringgit government money in construction. Bankrupt sooner than you think. More he do dirty thing faster he goes in.

bing

3,794 posts

Posted by bing > 2014-11-27 13:31 | Report Abuse

Chong don't know and no skill on share market, he only know suing after cooking!

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 13:34 | Report Abuse

@bing...huh, what????

@fam, ask TPY and OKA to return the US 30mil they stole mah....then all will be okay.

@goodkiller...again, nexgram directors and TPY-OKA's lawyer beg the differs LOL LOL

@clement, nah...nexgram will destroying itself from within.

bing

3,794 posts

Posted by bing > 2014-11-27 13:36 | Report Abuse

I guess only! Alice.

Posted by Abdul Rahim > 2014-11-27 13:37 | Report Abuse

Bing, have you take your lunch..

bing

3,794 posts

Posted by bing > 2014-11-27 13:38 | Report Abuse

Abdul Rahim, my lunch time around 2pm. Breakfast 10am. Hihi..

Posted by Goodkiller > 2014-11-27 13:42 | Report Abuse

Alice chong son, Chong breach his agreement, project success or fails he takes the blame. Put blame on his victim he cover up thinks he is clean is wrong doing. He thinks he can bully that way? He pay lor all his old lost in projects and money bribed his crony. Brain wrong or what. His pride and stubborn excuse will make him pay not only the lost but his everything and jail. All heard coming down now! Run!

bing

3,794 posts

Posted by bing > 2014-11-27 13:47 | Report Abuse

Nexgram will rise up back to 15 cents in future. Could be soon or midterm.

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 13:47 | Report Abuse

@bing, no mah....that is have TPY and OKA's stamp all over the place...

bing

3,794 posts

Posted by bing > 2014-11-27 13:50 | Report Abuse

That's why Chong see to them want to pakat lor.. old fox chong! And what stamp I didn't see. All you guess!

bing

3,794 posts

Posted by bing > 2014-11-27 13:51 | Report Abuse

Lastly chong want to cook but they don't want then chong sued them!

Posted by Goodkiller > 2014-11-27 14:01 | Report Abuse

Hahahhaah. Chong stamp every where in all agreements from 1Nov 2012 until now. He fails and mistake blame people cover up for him. Later he pays double and end up bankrupt and in jail. Watch.

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 14:11 | Report Abuse

@good killer, ic.....yesterday I'm chong's lawyer, now I am chong's son....make up your mind mah LOL

@bing, well, three nexgram directors and gideon tan don't agree with you LOL LOL...

bing

3,794 posts

Posted by bing > 2014-11-27 14:15 | Report Abuse

Alice chong daughter your boss adi cook money to them meh? Why your so sure? They resigned by their own matter nia mah!

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 14:15 | Report Abuse

Why you should sell your nexgram's share:

1. Their directors don't believe them.
2. Their lawyers don't believe them.
3. RM 90million worth of hole in the financial report.
4. TPY and OKA will get the boot from Protasco today.
5. TPY will get the boot from MP Corp as earliest as next year.
6. Nexgram don't have any assets.
7. Nexgram financial condition is in dire state.
8. All nexgram projects is hoax or dead.
9. TPY and OKA is soon to be charged with criminal offense in three jurisdictions: Malaysia, Indon, BVI.
10. Nexgram's share will fall into 0,01 soon enough.

bing

3,794 posts

Posted by bing > 2014-11-27 14:18 | Report Abuse

Alice scared TPY & OKA!

bing

3,794 posts

Posted by bing > 2014-11-27 14:19 | Report Abuse

Alice is chong daughter!

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 14:29 | Report Abuse

Actually I'm more scared if they are still being advised by Gideon Tan. Now? Not so much...

Aioooo...this morning I am a son now a daughter...

kchue1

38 posts

Posted by kchue1 > 2014-11-27 14:32 | Report Abuse

AliceTey are u? pls ask your 'dad' don't kacau - kacau NG lah...we need to cari angpau $$ for CNY... lol....

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 14:44 | Report Abuse

If you want red pocket then you have to sell nexgram....staying with nexgram is like giving all your money to charity: Tey Por Yee's Foundation LOL

ssboy

1,315 posts

Posted by ssboy > 2014-11-27 15:16 | Report Abuse

Lawyer Alice...pls advise when NG can further down to 0.01???

3abdul

195 posts

Posted by 3abdul > 2014-11-27 15:33 | Report Abuse

Pondan
Kikikiki

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 15:37 | Report Abuse

I don't know, it seems as of today I am chong's son and no longer a lawyer.

Antz

712 posts

Posted by Antz > 2014-11-27 15:42 | Report Abuse

Wednesday, 26 November 2014


Protasco announced yesterday its quarterly results.

In it a RM 85 Million impairment on its messy "adventure" in Indonesia. No word about the guarantee that was given in the form of shares in a listed Indonesian company, PT Inovisi Infracom TBK.

Pages 13, 14, 15 and 16 contain details regarding the many court cases that are on going.

Today Protasco announced that its first EGM (there will be two) was twice postponed.

It can't really get much worse than that.

Was the management warned? Yes, please check this posting where lots of critical questions were asked by the reporter of BFM (the almost two years old interview is still available) to the General Managing Director.

One question from that interview and my comment:

"The deal is subject to renewal of the concession, which will expire in 2014 (again, why the hurry, why not first renew the concession?)"

Someone informed me that the reason the whole deal did not go through was that the concession was only renewed for a short period (again, this information is not revealed by the company, as so many other details).

So again, why the hurry, why did Protasco not wait for the renewal details, why did it want to close the deal so quickly and transfer RM 50 Million to the vendor (details of which are still not revealed)? And why did it (much later) even increase the potential loss further to the current RM 85 Million?

Unworthy for a Bursa listed company, if one would ask me.

Where are the regulators?


http://cgmalaysia.blogspot.com/2014/11/protasco-messy-messier-messiest.html

Jetly

355 posts

Posted by Jetly > 2014-11-27 15:42 | Report Abuse

How to make this counter fly sky high?

koi koh

2,499 posts

Posted by koi koh > 2014-11-27 15:43 | Report Abuse

SICK, VERY SICK

tasoke

317 posts

Posted by tasoke > 2014-11-27 15:44 | Report Abuse

u beli. l beli semua org beli mesti naik

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2014-11-27 15:47 | Report Abuse

AliceTeh,you advise Mr Chong it is better to lose a little than lose aLL.Like me I choose to lose than put more money in share market,a losing game,just limit your affordable loss,then only you will win more with better planning.

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2014-11-27 15:55 | Report Abuse

The price has stabilised with low transactions,there is no panic selling.

86868

1,201 posts

Posted by 86868 > 2014-11-27 16:09 | Report Abuse

NG will FLYYYYYYYYYYYYYYY.....


---------------------------------------------

I repeat:

Nov 27, 2014 08:41 AM | Report Abuse

I think all question answered.....All the best
_______________________________________________________________

Posted by Singkalingam > Nov 26, 2014 04:37 PM | Report Abuse

Wah....Buy Rate up to 83%. Alice u buy so much ?? lol

___________________________________________________________________

Posted by 86868 > Nov 27, 2014 07:42 AM | Report Abuse X

WOW...NG MARKET VALUE IS 0.365.....

SAD...PROTASCO LOSS RM 69 MILLION-NTA 1.07-OVERPRICE

NG INVESTORS ---YOU ARE RICH !!!!!

BIG BOYS ACCUMULATE...

FOLLOW!!!!!!
_______________________________________________________


Posted by 86868 > Nov 26, 2014 10:00 PM | Report Abuse X

Fam Jenny,

Can you help to calculate the NTA using the info from Bloomberg below?

http://www.bloomberg.com/quote/NNCB:MK


Fam Jenny
3352 posts
Posted by Fam Jenny > Nov 26, 2014 10:19 PM | Report Abuse

86868,for NTA I don't have enough information but if based on per=25,the market price =25x1.46c=36.5c

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 16:10 | Report Abuse

@Antz, old news mah....protasco suffered loss but pay dividends...nexgram gains profits, but you receive dividends? LOL

@Jetly, cannot...it will only buried in the ground.

@Fam, you advise Tey Por Yee and Ooi Kock Aun to return the money mah...

AliceTey

802 posts

Posted by AliceTey > 2014-11-27 16:14 | Report Abuse

I just want to add several facts with regards to the on going case:

1. Protasco’s allegation against Tey Por Yee and Ooi Kock Aun in their lawsuit are that the two directors try to deceive Protasco and making secret profits by establishing an Indonesian companies (PT Anglo Slavic Utama/ASU and PT Anglo Slavic Indonesia/ASI) and inducing Protasco to buy ASU’s shares in ASI without disclosing that they are the owners of ASU and ASI.

2. Tey Por Yee’s lawsuit through Kingdom Seekers are vexatious at best because after Dato Chong’s last press conference, Tey finally admits that the RM 10million wired to Dato Chong’s bank account was actually part of a payment for a RM 20million loan received by Tey so he would be able to finalize the purchase of Protasco’s share. Larry also said to media, to the effect that he refused to return the rest RM 10million he owed to Dato Chong.

3. It is not that Dato Tan Sri takes side with Dato Chong, but he acted as what he did because Larry Tey/Tey Por Yee failed to produce any documents evidencing Dato Chong’s wrongdoing when he was given chance to during the board meetings.

4. The website http://www.angloslavic.com is registered under Abamon Technology Sdn Bhd who shares the same address as Nextnation Communication Berhad, the former name of Nexgram, where Tey and Ooi are substantial shareholders. Abamon is wholly owned by PT Inovisi through Code Wireless PTE LTD.

5. PT Green Pine who owned 60% of PT Inovisi’s shares is an alter ego of Tey Por Yee and Ooi Cock Aun. PT Inovisi is the subject matter of security.

6. Modern Profit LTD, a company owned by Tey Por Chen, the brother of Tey Por Yee is a subsidiary of PT Inovisi.

7. Ooi Cock Aun is a finance director of PT Inovisi.

8. The sole director of Acclaim is Lim Sue Fern, the wife of See Poh Yee who held substantial shares in Nexgram and together with Tey Por Yee graduated from the University of Manitoba, Canada, 1998. Acclaim is the third party security provider.

9. Tey Por Yee, Tey Por Chen, See Poh Yee are the founders of Nexgram and all of them currently offloading their Nexgram’s shares to the market. Nexgram’s directors resigned when Protasco filed it lawsuit against Tey and Ooi.

10. Protasco has lodged two lawsuits against Tey and Ooi, the first for contempt of court on grounds of tempering with witness, second for Ooi’s attempts to make secret profits from Protasco’s dealing with PT Goldchild Integritas Abadi, which should be add is another alter ego ofTey and Ooi.

11. Gideon Tan, lawyers for Tey and Ooi has discharged himself, meaning that he don't believe in his clients' case.

All of the above informations can be obtained by googling.

That being said, I found that the one who is without integrity is Larry Tey Por Yee and Adrian Ooi Kock Aun.

Facts giving rise to the case:

1. On November 2012, Tey Por Yee brought a potential investment opportunity to Protasco, which involve the purchase of 76% shares of the total issued share capital of ASI. ASI owned and controlled 49% of PT Firman Andalan Sakti/FAS which owned 70% of PT Hase Bumou Aceh/Haseba.. Haseba had entered into a partnership agreement with PT Pertamina to develop and produce oil and gas in the Aceh Province, Indonesia (the “Project”).

2. Protasco entered into a sale and purchase agreement with ASU for the acquisition of 76% of the share capital of ASI amounting to USD 55million (“SPA”). Pursuant to the SPA, Protasco deposit amount of RM 50million to ASU’s account.

3. Due to significant material discoveries made through the Due Dilligence, Protasco secured a reduction to the purchase price and signed the Amended and Restated Sale and Purchase Agreement. Some Conditions Precedents were not fulfilled on the side of ASU because it is actually not attainable.

4. During a board meeting of Protasco to discuss the issue of SPA’s which resulted in the formation of the investigation committee/IC, Larry Tey vigorously defended ASU.

5. The finding of the IC, inter alia, are as follows:
a. Larry Tey first approached Dato Chong in November 2012 through his vehicle, Global Capital Limited to jointly develop an oil and gas project based in Indonesia;
b. Larry Tey and Adrian Ooi are the beneficial owners of: ASU, PT Inovisi, Acclaim Investment Limited, and PT Green Pine (the largest single owners of PT Inovisi).

6. In view of the findings from the investigations, it became evident that Protasco had been a victim of deception, and fraud by ASU, Larry Tey and Adrian Ooi since neither of them disclosed their personal interest in ASI to the board of directors of Protasco as they are required unde rthe law. In fact, Protasco was wrongly led to believe that the business opportunity to invest in ASI with ASU is undertaken at arms length.

bing

3,794 posts

Posted by bing > 2014-11-27 16:18 | Report Abuse

Lawyer Alice is back!!!!! Bo lat!

TuaHuat

1,462 posts

Posted by TuaHuat > 2014-11-27 16:18 | Report Abuse

See Poh Yee also disposed shares ?

Posted by Goodkiller > 2014-11-27 16:20 | Report Abuse

This chong only knows how to spam allegations. He is going to jail let him do more else no chance later.

Posted by Goodkiller > 2014-11-27 16:29 | Report Abuse

Lets slap alice pet pet spam of lies.

We reproduce both below what alice spam and what others reply:

Alice said:

I just want to add several facts with regards to the on going case:
1. Protasco’s allegation against Tey Por Yee and Ooi Kock Aun in their lawsuit are that the two directors try to deceive Protasco and making secret profits by establishing an Indonesian companies (PT Anglo Slavic Utama/ASU and PT Anglo Slavic Indonesia/ASI) and inducing Protasco to buy ASU’s shares in ASI without disclosing that they are the owners of ASU and ASI.

Hangover replied:

Dear Mr Alice Chong,

In the name of all mighty, your boss days are numbered eaten by guilt inch by inch to judgement day. Watch how he rots.

If you wants to quote “facts”, show your underwear like Big Dog does – post a link to the “black and white” facts documents to substance your allegations. Enough lies on “character assassination” in the name of “facts”. Show us you have no balls or else you are man.

Lets open the mask one by one to see the ugly face of MD Chong, the only Executive Director in Mickey Mouse Club House.

1. A) Big lier Mr. Alice, you are so thick face or blind to keep lying in front of Big Dog on what “deceive protasco and making secret profits”?

Your MD Chong “knew and signed a shareholders agreement, knowing the consulting firm may own the rights/mandated or refers deals” for their client (protasco and vendor). So what “deceive and making secret profit”? If any, the one deceive is the one signing, so first to go to jail is MD Chong because he sign such agreement. The more you “deceive Big Dog”, the faster MD Chong goes to jail. Click Big Dog file and slap your own face every time you repeat this lie.

[Refer to our previous posting here which shows Chong as signatories in several agreements]

B) “Establishing indonesia companies and inducing protasco (means MD chong) in buying indonesia asset without telling they are owner of the companies etc.”

The consultants “by the order made by client”, (which is MD Chong and vendor), mandated the business advisory firm to help both of you structure the asset to clean up and fits your country needs, in legitimate way. If you never use business advisory services, don’t talk cock to again “deceive Big Dog” inteligence. Your nonsense would means Goldman Sachs, JP Morgan or even CIMB alike who do corporate structuring are “owners” of their projects? So these advisory firms are “inducing” their clients? They all use “woodoo” to hold your MD chong hand to sign contract, sign cheque? Show SSM share registrar to show if the consultants names are in any of your verbal alegations or not, does what Big Dog does – show document proofs. If no proof, don’t insult Big Dog inteligence here.

Alice alleged:

2. Tey Por Yee’s lawsuit through Kingdom Seekers are vexatious at best because after Dato Chong’s last press conference, Tey finally admits that the RM 10million wired to Dato Chong’s bank account was actually part of a payment for a RM 20million loan received by Tey so he would be able to finalize the purchase of Protasco’s share. Larry also said to media, to the effect that he refused to return the rest RM 10million he owned to Dato Chong.

Hangover replied:

2. Making up nonsense in point 1 still don’t feel shameful enough? Further made up defamation statement quoted “Tey admitted the rm10mil was to repay loan bla bla bla”. Most laughable “he refuse to repay bla bla bla”. Which Disneyland Tabloit did you saw Tey said such nonsense? Master of fact twister, put a link here to proof such report.

The fact is newspaper written that Tey has a loan for one of his company more like “security fund” to ensure that MD Chong don’t play cheat and ensure he fulfill his agreement, which only gets to repay AFTER MD Chong “completed oil asset acquisition”. Which means this is totally seperate dealing from the money MD Chong took, and MD Chong has not completed the oil asset acquisition, repay what? This criminal act if Indonesia told media is true, MD Chong does not know how to cover, pulled two unrelated dealing to match his lies. This is too much. Dare enough to show proof of “loan agreement”, which may imply MD Chong go further straight to jail? If no proof, don’t insult Big Dog further. If know the consequences, shut up or he goes in faster!

Posted by Goodkiller > 2014-11-27 16:30 | Report Abuse

3. It is not that Dato Tan Sri takes side with Dato Chong, but he acted as what he did because Larry Tey/Tey Por Yee failed to produce any documents evidencing Dato Chong’s wrongdoing when he was given chance to during the board meetings.
All of the above informations can be obtained by googling.
That being said, I found that the one who is without integrity is Larry Tey Por Yee and Adrian Ooi Kock Aun.

Hangover replied:

3. “The mickey mouse club Tan Sri, Dato etc whatever sided MD Chong bla bla bla” and did not see “evidence” nonsense.

Hallo mickeys? All media got a copy, you wide open eye says “you did not see evidence”? The hard evidence is photocopied even nasi bungkus newspaper also can find. Those are black and white copies. Dare to show loan agreement what terms MD chong signed? We forgot, he goes to jail if truth shows he is lying. If so, shut up on the covering.

On the other hand, Tey and Ooi as per media recorded their board minutes shown, “the mickey mouse club” purposely rush a board meeting when they were on vacation, and board minutes shows NO paper proven evidence except “an office boy <>allegations” toilet paper called Statutory Declaration. Hallo mickeys, if a gardener alegations without giving hard evidence saying Tan Sri “rape him”, you straight report polis and sue Tan Sri to court? Without even asking Tan Sri “you rape the gardener?” At least ask him show his dick for lab examination. Wake up Disneyland jokers, you insult Big Dog like he don’t know what is “natural justice”? No matter how you cover up the mickey mouse failure in fulfilling their fiduciary duty as directors (of mickey mouse club), resign or be punished uglily. Shame on your seniority and what ajaran sesat teach you to bully two young people playing “seniority and sympathy”. Definately not infront of Big Dog.

Alice posted another allegation:

Facts giving rise to the case:

1. On November 2012, Tey Por Yee brought a potential investment opportunity to Protasco, which involve the purchase of 76% shares of the total issued share capital of ASI. ASI owned and controlled 49% of PT Firman Andalan Sakti/FAS which owned 70% of PT Hase Bumou Aceh/Haseba.. Haseba had entered into a partnership agreement with PT Pertamina to develop and produce oil and gas in the Aceh Province, Indonesia (the “Project”).
2. Protasco entered into a sale and purchase agreement with ASU for the acquisition of 76% of the share capital of ASI amounting to USD 55million (“SPA”). Pursuant to the SPA, Protasco deposit amount of RM 50million to ASU’s account.

Hangover replied:

The next sentence, again, same old MD Chong style, with defamation and allegation, shameful enough to question Tey and Ooi “integrity”. Hallo? Reading the ugly facts above being reveal, Mr. Alice Chong, you still qualified to even say the word integrity? By now, readers would shout “Snake and Mr. Alice, beat Alice first!” Lets open up more ugly lies below.

The traps lets slice the masked devil line by line:

Alice alleged:

3. Due to significant material discoveries made through the Due Dilligence, Protasco secured a reduction to the purchase price and signed the Amended and Restated Sale and Purchase Agreement. Some Conditions Precedents were not fulfilled on the side of ASU because it is actually not attainable.

Hangover replied:

3. Read the nonsense, you will find clear doubts the entire process. What material findings? Show the facts with proof here. No integrity and shameful to say that “MD Chong don’t want to honor a proven legitimate deal”, no face to admit such guilty motive? The explanation to media report was, MD Chong on purpose setting new terms and cause a supposedly less than 6 months deal as per his shareholders agreement, to delay over 18 months, by setting beyond industry “standards terms by himself” causing the deal to falls into dead lock. Hallo Mickey mouse! Who on the Mickey mouse club knows about a foreign oil business? In what Disneyland name you learn to do business setting “terms to ask government follow your Mickey Mouse way”? There is only YOU the Mouse Club follows what government SOP and terms, not the other way round, rats! If there is a will to HONOR and COMPLETE the feasible and legitimate oil deal, it would have been done by hiring Indonesia oil experts, and completed long time ago. There is no intention except Mickey mouse show, that is how the traps were set in the layers of subsequent Mickey mouse terms. The vendor could have sue the company for defamation and cheating by wasted their time and opportunity cost. Lucky the Indonesia is in new government transition period, no officer is free to sue the Mickeys.

Posted by Goodkiller > 2014-11-27 16:34 | Report Abuse

4. During a board meeting of Protasco to discuss the issue of SPA’s which resulted in the formation of the investigation committee/IC, Larry Tey vigorously defended ASU.

Hangover replied:

4. Tey as the whistle blower would have told straight forward to the Mickey mouse board members, the lengthen excused by company (MD Chong) to keep delay the due diligence proven asset, and keep adding new terms to a 2 years long deal, would be seen as “intention to not honor a deal”, by common sense if company recklessly set terms beyond industry norms, obviously it would be harmful to company if vendor sue for opportunity cost – it is not uncommon the economic value lost due to Mickey mouse way of handling oil project “all by themselves inside mouse club”, what the rats know about oil?!

Here comes the “burst of ugly face of MD Chong slap wide open the fake mask reveal his true intention”! He just don’t want to honor his words, be it how good the asset is. Why? Because he is a control freak, he does not want to honor his promise to what he signed on shareholders agreement. At the cost of company and at the devil calls to lie to whole world, starting from within his Mickey Mouse club board members!

Alice alleged:

5. The finding of the IC, inter alia, are as follows:

a. Larry Tey first approached Dato Chong in November 2012 through his vehicle, Global Capital Limited to jointly develop an oil and gas project based in Indonesia;

b. Larry Tey and Adrian Ooi are the beneficial owners of: ASU, PT Inovisi, Acclaim Investment Limited, and PT Green Pine (the largest single owners of PT Inovisi).

Hangover replied:

5. This lie goes on, lucky Big Dog busted Mr. Alice ugly face behind the mask:

A. Bingo! IC what? Investigation Committee or Incapable Cocks?

Hello! Shameful enough to post on Big Dog blog, where Big Dog has MD Chong’s shareholders agreement dated 3rd November, 2012 showing all the ugly cries and tears he promised, and here you repeat the lies of “Tey approach chong in November bla bla bla”, then Chong forgot his lie that he told The Sun paper “he don’t know Tey until December 2012. (Read http://www.thesundaily.my/news/1227235) “!?

Lier lier lier. The more lie make up stories to cover his wrong doing and bad intentions, the worst off he lost his credibility. Mr Alice, Copy and paste lies also learn a bit, don’t be so lazy.

B. “Tey and Ooi are Goldman Sachs, CIMB, Genting owners and shareholders bla bla bla”. Oh really? Challenge Big Dog, show black and white SSM share registrar record to prove so. No hard evidence, run for cover or Big Dog will bite your balls off.

Alice alleged:

6. In view of the findings from the investigations, it became evident that Protasco had been a victim of deception, and fraud by ASU, Larry Tey and Adrian Ooi since neither of them disclosed their personal interest in ASI to the board of directors of Protasco as they are required under the law. In fact, Protasco was wrongly led to believe that the business opportunity to invest in ASI with ASU is undertaken at arms length.

Hangover replied:

6. Here’s the amusing part or jewel of Mickey Mouse Club house IC (incapable cocks) conclusion:
Based on ALL above lies, and an office boy Verbal Lie statement, with zero hard evidence, the Club chairman Latuk Kuching Kurap, Dato Kambing and Mr. hantu concluded “gardener said that Tan Sri rape the gardener is confirm, real, send Syariah court NOW, be stoned today this evening, cannot wait”.

Tan Sri cries “wait, let me explain….”, Latuk Kuching Kurap said “shhhh, Tan Sri, go explain to Your God, after you are stoned in Syariah court. You cannot talk (truth) in Mickey Mouse Club or else board meeting will record (truth), we all Mouseketeer will be shown made mistake, you die better than we die. Shhhh. F off!” Board meeting dismissed.

That’s how corporate governance are conducted and justice are served in Disneyland. Interesting?

Anyone who painfully coughed out RM97 million to later face all this, will be angry. Did Hangover paid that RM97 million?

Leave that as it may.

Due dilligence

Interestingly, the owner of the removed blog Right To Be Heard responded to our private e-mail. After two emails, we received the full agreements and the due diligence report.

So its Chong who screw up a legitimate deal which he signed up on around 1 Nov 2012 and put a blame to cover up his mistake. He has to spam to cover up further else truth show up he is going to jail!

Posted by Goodkiller > 2014-11-27 16:39 | Report Abuse

Keep telling lies. Finally Chong will get his judgement day for his cover up. I believe investors will play long game to put justice in place. Haunt him every might until his last moments.

Posted by Singkalingam > 2014-11-27 16:40 | Report Abuse

lol....Alice Tey is Alice Chong ?? zzzzz Pity lier Alice....

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