The Board of Directors of Bahvest Resources Berhad (“Bahvest”) wishes to announce that Plentiful Harvest Sdn. Bhd. (“PHSB”), Marine Terrace Sdn. Bhd., wholly-owned subsidiaries of Bahvest, and Plentiful Earnings Sdn. Bhd., a wholly-owned subsidiary of PHSB have separately on 22 September 2020 entered into a sale and purchase agreement containing similar terms and conditions with Synergy Multi Resources Sdn. Bhd. for the proposed disposal of live fish and certain assets relating to fish breeding, operation of fish hatchery and fish rearing for an aggregate consideration of RM5,000,000.00 (Ringgit Malaysia Five Million only) (“Proposed Disposal”).
Worst deal ever. Bahvest without the gold mine worth only RM5 million. Meaning before the bonus issue bahvest had around 600 million shares and therefore each share worth less than 1 sen. What a shit deal!!! We as the minority are screwed. How can the fish business worth only 5 million. And some more on installment. Already so dam cheap. Owner and Gang made Millions with this move today. And as usual Onwer and Gang failed the fish business and are not long term players. What makes U think one day they won't do the same with the gold mine... Pure CONJOB :(
And why throw the massive impairment LOSS of more than RM100 million +++ into Bahvest if U already going to sell the fish business? Minority shareholders are totally SCREWED!!! Worst deal ever in the history of Bahvest :(
If bahvest can do this kind of shit, what makes U think that next month or next year they can also sell their goldmine to another newly formed sdn bhd for 5 million? This is the biggest CON ever!!!
If Bahvest suddenly wishes to sell its gold mine business to a new sdn bhd for RM5 million. Bahvest will just be a shell company with no business left. And to sell any of its business, it does not even need shareholders approval or anything. They can just do watever they like. With RM5 million, bahvest 1.2 billion shares and 600 million warrants will worth less than 0.1 sens each... Worst ever SHIT in history for minority shareholders :(
For your information Bahvest don't even own the gold mine. It's a company called Southsea Gold who owns the lease for 35 years for 1000 hectares. Southsea Gold "MAGICALLY" sublease ONLY 300 hectares to a company called Wullesdorf for 33 years. Bahvest bought Wullesdorf. Bahvest is not even the real owner of the mine. Owner is Southsea Gold which does not belong to Bahvest. And Southsea Gold has 700 hectares which they can mine on their own. Own means Owner and Gang la. So this is really a dam bad deal for us minority shareholders. And at anytime, Bahvest can sell Wullesdorf for any amount they like and to whoever they wish to. And thats the end. Bahvest is businessless. No fish and no gold mine. Nothing!!
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....
khpwwl
3,459 posts
Posted by khpwwl > 2020-09-11 15:06 | Report Abuse
BV now not following world gold price, follow sabah election....wait next week loh...today not show