Questions to think on your own... 1. Is this a open tender to sell the fish business. Or direct nego? 2. Is 5 million the best price bahvest can ever get? 3. Who are the new owners of the fish business? Are they really selling it to someone new? 4. Why are they selling it to a new company with no track record? 5. New onwer has same surname with Bahvest Onwer. Whats their relationship? 6. Why is the proceeds of the sale not shared with the shareholders? 7. Why need to give new owners installments to pay the 5 million? Biggest CON Ever in the history of Bahvest!!!
Sabah 134 covid cases today!!! Friday Bahvest AGM Saturday Sabah State Elections Sunday Onwer of Fish Farm Business belongs to NEW OWNER with the same surname Thanks to installment payments :)
Super lucky I sold more than half of all my shares and Warrants when it was high. Will wait for the next round Bahvest GORENG next year and say goodbye to this SHIT counter!!! Just remember what they did to the fish business then can do it anytime and any price and sell it to whoever they wish to and same surname. They can do to the gold mine business too... No votes or approval needed. And Bahvest is left with NOTHING!!! Crazy Shit
Why didn't tell. I always tell whenever I buy and sell. Until the Auditors who can earn money also dunwan to do their business. Something is really wrong :(
Then sell it at a proper price. Do a open tender and sell it to the highest bidder. And share the proceeds with the shareholders. Why sell to same surname? And why allow installments for 3 years!!! Crazy CONJOB
Ya. U are right. 3 yrs term is not good for 1 party but good for another party. for the buyer, can use fish biz yearly cashflow to pay the buying px and at the same time, use own saving money to top-up BV holding waiting to sell in the future???
Still not CON enuf. shld make it 10yrs.... Other Sifu said should cost only RM1.
The End of this name... Borneo Aqua Harvest Berhad :( Lousy Onwer and Gang and Management Do fish business also can fail. Every year CNY price so high and so dam profitable. Didn't see any other listed company sell their business for 5 million using Covid as an excuse. Even hotels and airlines and tourism BERTAHAN and didn't sell their business to their own surname... CONMAN!!!
Bahvest will have a boring balance 2020. New onwer will make MILLIONS from the fish business in the future... I'm not sure if it can drop by half BUT I'm sure that the balance of 2020 they won't goreng becoz they already did this year at 84.5 sens
@vincentbravo, i heard that the fish farm hasnt been making money, LFM has been struggling to sell it since ages ago until lately he decided to pass it to his trustable counterpart. Some said it would be even better for BV with only the gold mine left cuz it would be purely profit in the future?
Anyone attending the AGM at 10am, please help ask the following questions - 1. Why Bahvest for the Past 10 years has NEVER EVER declared any dividends? 2. Why the Auditors don't want to continue? 3. Why sell the fish business at such a low price? 4. Who is the same surname new owner of the fish business and what is the relationship with owner? 5. Why didn't do open tender to sell the fish business to the highest bidder? Who do direct nego with same surname 6. Why give installment for 3 years? 7. Why never share the proceeds of the sale with shareholders? 8. Who is operating the balance 700 hectares of land at gold mine? How does Bahvest ensure that all its resources are only used for the 300 hectares of land? 9. Does bahvest have an external reputable auditor in the gold mine everyday to verify the amount of gold and silver mined? Who verifies the figures? 10. As bahvest now has only the gold mine left, what steps can Onwer and Gang take to GUARANTEE that they won't sell the gold mine to a new sdn bhd using direct nego to a same surname owner in the future? Then bahvest will be left with 0 business
Korek korek bah. Vincent also korek very hard and he is probably right esp there are so many dishonest people around. From a corporate viewpoint, selling and cutting off a loss making operations is a right thing to do so that it won't drag down future profits. Changing to a bigger and better known auditor will attract foreign buyers to its share and the possibility of upgrade to main board when Tiger Ming can show that he can korek a lot of gold. Korek, korek bah!
Vincent much have sold all his Bahvest and kept on talking bad about BV, Been long times he supposed to be a BV promotor even though that time BV bad news announcement, still buy-called on BV....and criticized ppl buy high sell low.
Want to sell the fish business is OK but sell it HONESTLY to the highest bidder thru open tender. Not to same surname thru direct nego and installments!! At 5 million meaning from day 1 bahvest operate until today with 600 million shares bahvest share price worth less than 1 sen!!! So say lowest ever bahvest was 15 sens fish business should sell for RM75 million. That's the lowest ever fair price. Again why sell to own surname?
And then share the RM75 million with all shareholders as dividends. We already invested so long with Bahvest on their fish business. No dividends and after sell the business what we get? Do like Airasia sell planes then give special dividend to all shareholders. Why sell fish business to own surname then shareholders get nothing?
Give U all an example. Top Glove or Harta sell their entire glove business to their own surname thru direct nego for RM5 million and by installments. And shareholders get nothing in return. Can ah?
Hi Robert I will surely sell the balance shares I have which is currently still so much... Millions... Next year when owner and gang GORENG again. Becoz if they can do this CON to the fish business they can surely do the same to the goldmine which they don't entire own. They only have around 30% of the entire area to mine
Owner and Gang have done the biggest CON in the history of Bahvest yet U all still so happy and support their NONSENSE!!! 5 million fish business to their own surname by direct nego ad installments 3 years :(
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....
Vincentbravo
1,095 posts
Posted by Vincentbravo > 2020-09-23 10:53 | Report Abuse
Questions to think on your own...
1. Is this a open tender to sell the fish business. Or direct nego?
2. Is 5 million the best price bahvest can ever get?
3. Who are the new owners of the fish business? Are they really selling it to someone new?
4. Why are they selling it to a new company with no track record?
5. New onwer has same surname with Bahvest Onwer. Whats their relationship?
6. Why is the proceeds of the sale not shared with the shareholders?
7. Why need to give new owners installments to pay the 5 million?
Biggest CON Ever in the history of Bahvest!!!