DL will not negotiate until it has become penny stock. Meantime, DL wanna teach these people a hard learnt lesson ie dont simply rock the Board like nobody .DL is somebody...got it ?
DL can wait but the other camp cant wait and is jumping up and down . share price is falling down like cascade of waterfalls. Every minute to them sounds like century long.......
The other camp is cursing FL & gangs like hell or maybe the camp blame themselves for their own making. It was them who propose the appointment of FL and gangs and removal of Amir , DL and son in the upcoming EGM
We all love to talk kok. The person who really knows is the CFO. He knows the books, the operations, Korek King and the Freddy and who are unknown backers. Is the CFO buying all in or selling?
FL is also one of the shareholders in the company like DL . So there is only one master in the house ,either FL or DL . You can not have two masters in one house. There are two camps in the mountain. only one camp will survive.
Make sure you make the right choice otherwise your investment will suffer to great extent.
From the way it goes, DL will not back off and will chunk anyone hostile to him out of the mountain completely . On this basis, the lowest has yet to come .... i am afraid.
with this letter of demand......FL have no choice and surrender unless he still want continue fight for empty company.....although FL want continue fight in EGM.....i don think current shareholder will vote him....the shareholder want sustain business and may vote for DL.......in the end all back to square except the share price....
Read B reply to Bursa query on the letter of demand by Southsea. Basically it is trespassing since 2017 because the W land leased n the terrain not conducive to building the mining operations and hence have to place it on land in Sothsea. Letter came about because of the hostile EGM. Accordingly the land leased to B remain intact for the remaining years. B was allowed to place the operation on Southsea because of goodwill of same owner and directors of Bahvest and Southsea.
When contacted by The Edge, Fui Ming said he was confident that he would gain the support of Bahvest shareholders during the EGM.
“I am confident the shareholders will support me and vote down the proposed resolutions because of my leadership and management expertise in the gold mining industry,” he tells The Edge in a brief text message.
“The shareholders will realise the convenors may not have the management expertise to manage the business.”
"Therefore, in the interest of the Company and its shareholders, the Board of Directors has resolved that the Company hereby convenes an Extraordinary General Meeting of its members on 13 June 2023 at 10.00 am in Kuala Lumpur at a venue to be announced to deliberate and decide on all the proposed resolutions contained in the Special Notice of Intention to Move Resolutions dated 26 April 2023 issued by the Convenors as stated therein"
They can discuss then throw a egm at their face. Now is bloody mess and everyone losing even without management change. And also a possibilitu of the company goes pn 17 of no production
Letter of demand is legal letter. If demand is not met ,then see you in court.LD's demands are compensation and removal of the factory on the trespassed land
The company has already let the whole world know
1) the co has admitted their factory was built on the land illegally.
2) the co is unable to pay the compensation due to cash flow problem
3) the co is unable to build a new factory due to cash flow
4) the co wishes that DL can negotiate ie to back off basically
5) the co has hinted that if DL doesn't back off, then no business for the co ,no profitablity, no value to share price.basically all of them including DL will suffer losses .mind you DL shareholding is only 16%+++.No big deal to him.
It is believed that DL will not back off .if he backs off,it won't be that soon.He wanna teach these cocky guys a hard lesson. Or he will never back off until FL and gangs have backed off...
Well,well,well...the share price is expected to be gloomy for a long long time....
Why are still taking about the takeover thing? It won't happy due to the legal suit.no investors will come in practically and realistically
Do you know how much the investors need to put in to take over?
1st they have to settle the compensation cost of 21m + dismantling cost of the old factory + building cost of new factory+ loss of opportunity due to the construction times etc etc....
And the gold mine belongs to DL Who is keen to invest to take over ?
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....
nicholas99
9,863 posts
Posted by nicholas99 > 2023-05-08 16:30 | Report Abuse
pattern more than badminton.