Prior to it demise, PT Inovisi Infracom Tbk, the indonesian flagship company of Tey Por Yee and Ooi Kock Aun made many announcement that the company will acquire such and such company or planning on such and such project. All of this while their shares plummeted to 70% and suspended by the SC. Inovisi last corporare action before their management went hiding was the company was acquired by a hongkong based company fortune phoenix investment holding ltd which owned and established by Tey and Ooi.
Watch carefuly, the same exact thing is happening to nexgram now.
Do you want to know how i know tey por yee and ooi kock aun goreng-goreng nexgram's shares
Just compare their average volume with other company. Astro for example which avg volume merely 4million/month while nexgram is 18million/month.
Please tell me, who is in the right mind want to buy 18million worth of nexgram's junk penny stock for investment? LOL LOL
The comparison to astro is deliberate because Tey and Ooi often quotes Astro's foiled investment in Indonesia to boost their morale. It goes like this:
"Protasco will never get it money back. Just look at Astro who take years to sue it Indonesian partners to no avail."
It is called the law of the indices. You may want to google it up LOL LOL LOL
Naturally there's been an indication that the price is dropping to 5,5cents. But tey and ooi managed to cook the price so it does not reach below 6. Simple math really.
The great late Steve Jobs once teach us to never invest in a company that does not know it owned core value of their products. Nexgram for example.
Nexgram is an IT company right? So what is it doing acquiring or plan to acquire transeaway, ire-tex, SHDB etc? add to that tey and ooi acquisition to mdcorp, hytex, protasco, wintoni, etc.
Simply put, nexgram does not have a sound business plan and did not have any idea of what it going to do in the future. Their plan so far look like merely acquiring companies who are sending distressed signal and hope to emulate how Bill Ch'ng turn MPCorp around from a bankrupt company to a profitable company (for a while anyway).
But the thing is, tey and ooi does not have the business savvy of Bill Ch'ng. Tey and ooi may think that they are great venture capitalist but they can't shake this poor man who been living in poverty mentality so they will take anything they can eat without considering that they already have full plate because they are afraid of missing the opportunity to eat good food.
Most of nexgram's shares are owned by tey and ooi's companies and/or their proxies. So what they do to cook the shares are by trading the shares between these companies/proxies until they reach the target price.
different with other stock...bila beli makin ramai sell que..but not for nexgram...buy...tapi takde sell que...funny...tey ke....ooi ke...chong ke...kasi goreng atasla..tak perlu gaduh2..semua untung
berapa lama u main stock.....20 mil que buy at 0.055 from who....if nexgram is so bad..no one want to buy...alice i know u also buy...thank you because of you we can buy cheap!
after share in market reduce..tey..ooi and chong and the rest of famly own a lot and reach target..share in market getting smaller...easy to manage..easy to goreng up
Ssboy, don't care about protasco as i have nothing to do with them. But, i wouldn't worry since protasco is under the protection of tun daim. On the other hand, nexgram is an empty shell company without assets or projects. Come on what company will declare that they don't know who is the other shareholders of one of their assets?
@ejsaham, the buyers of course the companies of tey and ooi.
KUALA LUMPUR, Jan 15 — A former director of Protasco Bhd was charged in the Ampang Sessions Court today with fraud involving RM68 million, and making a false declaration, four years ago.
Datuk Tey Por Yee, 40, claimed trial to both charges. On the first charge, he is accused of concealing information from the company’s board of directors and officers that he had a vested interest in a company, PT Anglo Slavic Utama in Indonesia.
In so doing, he allegedly misled the victims into entering into an oil and gas investment agreement with PT Anglo Slavic Utama through the purchase of 63 per cent of PT Anglo Slavic’s shares in Indonesia worth US$22 million (RM68,393,170).
The payment for the shares was allegedly channelled in stages to two CIMB PT ASU accounts.
Tey is accused of committing the offence at Protasco Bhd’s office at Corporate Building Unipark Suria, Jalan Ikram-Uniten, Kajang here, between November 2012 and January30, 2014.
On the second charge, he allegedly made a sworn false statement before Wern Li Morsingh, a Commissioner of Oaths that he did not have any vested interests in PT Anglo Slavic Utama, whether as a director or shareholder. He is accused of committing the offence in the company’s conference room at the same place on July 25, 2014.
Judge Rushan Lutfi Mohamed set bail at RM1 million with one surety and February24 for re-mention.
Tey was also ordered to surrender his passport to the court and to refrain from harassing the prosecution’s witnesses.
Deputy public prosecutor Datin Nurshuhaida Zainal Azahar acted for the prosecution while counsel Datuk K.Kumaraendran and Mak Lin Kum represented the accused. — Bernama
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....
sg999
1,783 posts
Posted by sg999 > 2016-01-26 22:18 | Report Abuse
i still spirit because my tp 5 cents ma! hihihi