good announcement. meaning angkasa project still ongoing. hope they secure the land or JV with others. Further blue hills are going for PRISM 1 projects.
Angielim9955...Pray harder to GOD 24 hrs to reach 6.5 sen , now you are trap with paper lost around 50 % >> everybody must be GREEEEEEEDY >> so that the price to steam again to 6.5 sen
better pray the angkasa project can start otherwise the project management expenses of RM47million paid earlier on will be impaired. it equals to their 5 years profit
TPC disposed shares again, balance 103,897,000 ( 5.49% ). Shares price won't move up until this non performing shareholder finish or stop selling. Don't play contra.
This innocent company former owners and staffs didn't know that the ungrateful devil called chong ket pen of protasco is the main criminal causing all the problems. Probably the delay in project and series of problems were originally caused by this 1 culprit.
No matter what nonsense this unfaithful Chong liar cries, he cannot wash away his sin for cheating the investors Ooi and Tey who borrowed money to buy over protasco and saved Chong's current job in Protasco, and Chong later made up story to cause them harm, resulted they honoured their loan to their lenders, and have to sell of their shares in other companies. Chong also use illegal money to blackmail companies like Next. This has caused project delays, funds paid off to company creditors causing no money to start project, etc etc. Every Next investors and innocent staff should know. Especially small timers like us. 20k is a lot of money and big savings.
What a big as hole surprise Bursa still no action and pretend never see the source of the problem. Next investors should report relevant authority and jail Chong the big crook.
As read from company news, gov project is good. There may be many business partners interested in joint venture but the company should study carefully. Old staff or directors come and go, investors who stuck will expect performance, be it slow, let the company perform. Count on authority, until minorities being scarified also they may be looking at wrong direction. If major shareholders are smart, they might be buying slowly while others are panic.
Chong is crook causing his savior all trouble. So what. People listen to rumor more than verify truth. Which crook doesn't get away in malaysia? Lololol
nexgram.. got good projects aldy on hand... shd start off ... guarantee money income... further... prism1 housing project from blue hill coming soon... hope the mgmt. take things seriously....
intheKnow you are so funny. how could the delay in project and series of problem caused by ckp? where has all the rights issue money gone? it was supposed to be utilised for CONSTRUCTION but NG paid it as consultant fee, and telling the public that paying 40 over million is part of the ordinary business.
a good company with good management wont simply pay off 40++million without good answer. it is your 5 years profit
Bursa/SC is just too mercy not taking any action against NG until now, not CKP
Smartmaster. In guess you are so smart, should be able to see big picture how N being sacrified by the former owners to help buy out protasco chong ket pen. If not already study whole picture, what you think N trouble is only internal if not trigger by external? As a caring small investor, public information alone if pay enough attention, not difficult to see the cause of problem.
Lets see from begining. 1. Chong ket pen got sideline by protasco owner in Jun 2012 (search bursa malaysia announcement). 2. Chong ket pen desperate find N former owne and his investors help him. November 2012, N former owner and investors buy over Protasco shares become new owner. So where you think these investors colletoral "borrow money from"? If hedge fund, means legal guai-lo Ah Long, they will sign asset and shares pledge. 3. Chong ket pen do a project himself as per bursa malaysia recors, he is the "only executive director". Who to blame if he didn't do it right? Project got any issue, he either careless or not transparent enough to find solution. Bursa announcement shows he just want to find excuse to kill his new shareholders and control protasco. Result is as is, nothing to argue. Then by killing his masters, what he did? He made up fake reports, sue people and cause his victims lenders all call repay debt. All the poison he put out side is to divert attention, to cause the victims suffer in hope they lost money and cannot fight back anymore. 4. So there goes your N being drag down. Without bank project financing for 2 years, so who is funding the company expenses for 2 years, or some rm30million? The rich suppliers? Or former owners? Which creditors so good forever "funding free money" to pay for cost? They may have ask Ah Long collect, so N has to sell assets and pay off. Also N because of an unfaithful chong ket pen who wanta to bury his boss to self own the boss company protasco. Again, the result speaks, chong from being fired, hired and rob and own protasco. The people who help the croc being bite by the croc. And N suffer. Nobody needs to argue. 5. N also spend the money to rescue their business. Of cause if you are being wrongly defame as gay and HIV carrier, who wants sits beside you. Business suffer and comes down, innocent staff and suppliers need to be paid. N paid and try their best for the minorities. They could have fired and cut supplier but they spend money to sustain them. Pitty them. So N being used by chong to cause his rivals busy. Project delayed. M has to find new business and successfully found some.
If you are caring, why not apply jobs and bring business to N? Would you spend 30million 2 years to pitty staff and suppliers, something minority like us wish can help but helpless? End of day is profit. I can see they did a job trying to help all shareholders. Before seeing the whole picture, dont simply think and presume what happen.
Truth is, many investors with insight knew N former owners bought protasco and helped put Chong back into protasco. Knew no matter what grandma story, chong rob the control. There is a limit N can keep self spending. We wish they self survive and turn company around to save our investment. Unless you are not shareholder, nobody will want to see their investment goes down.
For the construction of N. Why N never get small projects to make profit to self pay construction business. What investors saw was, N keep supportinf company expenses since being blackmail by former owner enemy. What the management paid to property consultants, were fully reported and awarded property project. Their fund raising clearly shows N have fully complied to business processes. How come nobody question who paid the construction business cost, including net people cost for many years as well as land and building debt payments. So if a company keep spending on these, their ah long creditors will be worry. Some big investors also worry. Who will pay for right issue? Investors. If construction not making profits, N should find new business.
Minorities want to see N progress and find business until making profit. Again, look wide enough, little accounting knowledge will see where money spent. Too mercy and too soft the former owners. Help people, spent money, still get miss perception. More pitty us, the tiny minorities.
Not that Bursa or SC not efficient. They cannot see the big picture lah. Main culprit is that reckless CKP from Protasco. He gets control of Protasco and hold the board hostage especially the chairman Tan Sri Hadenan to help him cover up his mistakes. End of day Tan Sri is to be blamed. CKP can eat the people who saved him, siapa Hadenan? Korban lah. Who is Nexgram? Imagine saja pun tahu lah. Mungkin ibu pun dia panjat. Ingat dia peduli ke?
Norzain bin Abdul Wahab, age 50, Non-Excecutive Non-Independent Deputy Chairman of the Board since 2016. He was the Special Officer to Y.B. Dato' Seri Hishammuddin Tun Hussein, the Minister of Defense, from 1993 to 2014. He had successfully led complex businesses and multi-cultural team in driving the strategic compass and providing oversight on policy implementations and strategic communication. He is also a director in Daya Secadyme Sdn. Bhd., Daya Proffscorp Sdn. Bhd, Daya Maxflo Sdn. Bhd. and Daya OCI Sdn Bhd, subsidiary companies of Daya Materials Berhad, a company listed on the Main Market of Bursa Malaysia Securities Berhad. He is also a director of several private companies. Data shown that Norzain holding total est Nexgram of 688mil share (~36%) through direct and indirect holding.
NEXGRAM HOLDINGS BERHAD ("NEXGRAM" or "THE COMPANY")- Proposed Renewal ofAuthority for Share Buy-Back of up to 10% of the Issued and Paid-Up ShareCapital ("Proposed Renewal of Authority for Share Buy-Back")
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....
BetterTomorrow
1,210 posts
Posted by BetterTomorrow > 2016-11-14 11:01 | Report Abuse
operator, Ro Leng from KNN and Teng from KNN penang, will happily give all to u