Posted by Muyutin > 2023-05-10 20:29 | Report Abuse

SISA MAS YANG JATUH LANTAI I PUNYA

Posted by Alankam159 > 2023-05-10 20:30 | Report Abuse

As trepass already do you still need court order to stop production. Now is compesarion paid to extwnd till 90 days before you need to leave

Posted by field123 > 2023-05-10 20:31 | Report Abuse

DL exist anot would not affect the fact he hidden the info and use bahvest to benefit southsea....these will be guilty if prove....

Posted by joyvest > 2023-05-10 20:32 | Report Abuse

joyvest

*The onus is not on DL to get the court order.
*It rests with the company to get the injunction order to prevent DL from removing the factory by force.
* understand?

Posted by field123 > 2023-05-10 20:32 | Report Abuse

public listed company not like sdn bhd can simply do what he like...director need to responsible for any guilty....

Posted by LittleKnife > 2023-05-10 20:33 | Report Abuse

want to dieeeeee

Posted by Alankam159 > 2023-05-10 20:34 | Report Abuse

But it is tend to be the board since it is listed rite

Posted by Alankam159 > 2023-05-10 20:35 | Report Abuse

In here i cant see the trespass benefit south sea, more like bahvest needed a suitable land for factory and south sea assit by renting

Posted by Alankam159 > 2023-05-10 20:36 | Report Abuse

Little mnife dont die dont die, maybe new management have a solution but yet to see whats their direction is

Posted by field123 > 2023-05-10 20:49 | Report Abuse

The director cheat shareholder and use public fund to built factory on his own company land in which the factory will belong to him secretly....This already is a fraud and how conflict of interest come in....

Posted by Muyutin > 2023-05-10 20:52 | Report Abuse

HOHOHO
GOLD NEW HIGH
BAHVEST STAGN
臭雞白

Posted by Alankam159 > 2023-05-10 20:52 | Report Abuse

If he said now i not renting pls remove you stuff in 90 days how he benefit then factory?

Posted by field123 > 2023-05-10 20:54 | Report Abuse

he purposely use public fund to built the thing on his land then make claim to public company that the thing was built wrong and want to claim for compensation...

Posted by Alankam159 > 2023-05-10 20:58 | Report Abuse

But it is trepass and stated no suitable land whereby just the whole moutain in sub lease.

I guessing like those quarry need explosive too near rhe mine site it will crack the whole factory foundation. Or failing rock damage the factory while running ? These is just thinking and assumption

Posted by Alankam159 > 2023-05-10 21:00 | Report Abuse

Just merry goes round. So in the end is the new management how going to settle it

Posted by field123 > 2023-05-10 21:02 | Report Abuse

In construction no matter how difficult....U are not allow to built on other people land without permission....Therefore I dk how they pass the construction in the first....

Posted by field123 > 2023-05-10 21:02 | Report Abuse

unless there is any hidden story we don know...

Posted by Alankam159 > 2023-05-10 21:04 | Report Abuse

Still trespass is trepass. With active peak mining wirh explosive near active peak it is not suitable. As like oil mill need to near intake water and flat land

Posted by field123 > 2023-05-10 21:07 | Report Abuse

but at first u need to acquires the land for oil mill to built....maybe many story inside we dk....in Malaysia what also can happen....

Posted by Alankam159 > 2023-05-10 21:10 | Report Abuse

But the owner with same interestbin both company that time to resolve over all problem deems to benefit of all. But now different stories

Posted by cg14134 > 2023-05-10 21:12 | Report Abuse

BOD has not discharged their fiduciary duties satisfactorily. The 2022 AR (and the earlier ones) also fails to highlight the risk of the related party arrangement. High power lawyers should be able to nail DL.

Posted by field123 > 2023-05-10 21:13 | Report Abuse

Yeah maybe that time same owner just close one eye...From my experience in other counter...If a company want to develop the owner/director land...The company will purchase the land from owner/director only can start the development....

Posted by field123 > 2023-05-10 21:13 | Report Abuse

therefore I don know how come this trespassing case will happen in the beginning and not disclose...

Posted by cg14134 > 2023-05-10 21:17 | Report Abuse

FL and gang should be able to hire good lawyers from KL to handle the matter. My lawyer friend agrees but he is not a high powered one lol

Posted by Muyutin > 2023-05-10 21:20 | Report Abuse

這個禽獸真的人格有問題
股價跌到不好價了
假好心給你們時間搬
明天炒一點他又可以賣
一石二鳥
這只股真的不能動
全部都是這只動物在做鬼
他根本沒路可退
爛用權力
應該被捉

注意明天有起不要追

Posted by joyvest > 2023-05-10 21:21 | Report Abuse

*The current BOD of the company is accountable for their guilt on trespassing.

*Go and Ask the auditors who audited their accounts much earlier on.The auditors are very much concerned with full disclosure.

Posted by JuliusCeasar > 2023-05-10 21:22 | Report Abuse

No wonder DL sold its shares. He probably purposely drop the share price and buyback at lower price.

Tomorrow could drop to 5C, 6C or 7C.

Posted by JuliusCeasar > 2023-05-10 21:24 | Report Abuse

BAHVEST in trouble now. How to paid RM13M since no much cash flow.

Definitely price would drop!

Posted by field123 > 2023-05-10 21:26 | Report Abuse

the 13mil to be paid in 2 tranches.....

Posted by Alankam159 > 2023-05-10 21:28 | Report Abuse

I agree too is subject to court. Borh side can hire good lawyer to debate on the case. I also ask some lawyer friends as you know nowasdays a lot lawyer in market. They said if prove merits and reasonable by any means for the benefits of the company they are serving their duty. Proving with prove. They are off the not guilty as it stated

Posted by Bullballs > 2023-05-10 21:38 | Report Abuse

The court will have the final say in any dispute. I just kesian if one small mistake father & son lose their fortune and then have to go to jail.

Posted by joyvest > 2023-05-10 21:40 | Report Abuse

What court?

The company has publicly admitted of its guilt and didn't even enter into defence.

no defence,no court proceeding.

Posted by cg14134 > 2023-05-10 21:46 | Report Abuse

Trespassing is a gone case, but the failure to discharge fiduciary duties satisfactorily by the CEO and BOD may be an easier angle by FL to attack, especially when such failure land Bahvest in trouble. I think "kuat kuat" penalty is likely.

Posted by cg14134 > 2023-05-10 21:47 | Report Abuse

I am not a lawyer - disclaimer lol

Posted by Jack Khan > 2023-05-10 21:49 | Report Abuse

Already 100% confirm Freddy Lim will take over the management. Hopefully Bahvest will prosper with luck from FL

Posted by cg14134 > 2023-05-10 21:53 | Report Abuse

DL may get his RM13m compensation but fined RM31m!

Posted by joyvest > 2023-05-10 21:54 | Report Abuse

Who is the culprit to put the bahvest into this mess/trouble now?

Is it DL or FL?

Who provokes who?.
Who provoked DL with removal of him from BOD? U tell me

Posted by Amazonboy > 2023-05-10 21:55 | Report Abuse

Why is freddy so interested in this co?

Posted by Jack Khan > 2023-05-10 21:56 | Report Abuse

LFM will most likely endure long litigation from Bahvest to recover all the losses. After the change of management most likely a full audit on the operation to recover all the gold that hide by LFM.

Posted by cg14134 > 2023-05-10 21:59 | Report Abuse

Who provokes whom is a separate matter. I am just saying that it is not a sure win tactic for DL, he may win a few trees but lose the whole forest. FL and gang can hire very powerful lawyers

Posted by joyvest > 2023-05-10 22:02 | Report Abuse

BOD collectively is accountable .not DL alone.

If there is Penalty as claimed , it will be borne by the company.

The cash flow of the company is already constrained.

The compensation and the so called penalty will make the company even more cash stricken.

Whoever takes over is a uphill task.

Posted by cg14134 > 2023-05-10 22:06 | Report Abuse

I beg to differ. Don't forget DL is the controlling s/h of Southsea Gold S/B. After new management comes in, Bahvest will be suing DL and Southsea Gold, not FL and gang

Posted by cg14134 > 2023-05-10 22:08 | Report Abuse

Claw back time!

Posted by Fklim888 > 2023-05-10 22:10 | Report Abuse

Sue here and sue there ....end out ?

Posted by cg14134 > 2023-05-10 22:12 | Report Abuse

I think once DL cools off, after advise by his legal counsel, he will seek truce with the opposing camp eventually

Posted by Bullballs > 2023-05-10 22:20 | Report Abuse

The current management can rape the company whichever way they want as long as they think it is legal. The new management will think otherwise

Posted by joyvest > 2023-05-10 22:22 | Report Abuse

Bahvest suing DL for what?

Breach of fiduciary duties ?

How about other members in the BOD?

Unworkable

Posted by cg14134 > 2023-05-10 22:24 | Report Abuse

DL can kill Bahvest, but he may be buried together with it with many small shareholders as collateral damage. As for FL and gang, they lose $ but it is small change for them. Better fold rather than sai lang all the way.

Posted by cg14134 > 2023-05-10 22:25 | Report Abuse

Breach of fiduciary duties + conspire to defraud

Posted by cg14134 > 2023-05-10 22:30 | Report Abuse

Plus other dirts, if any, uncovered once the new management comes in.