I bet someone is shaking while waiting for SC's call. It is pretty clear b4 the material negative "trespass" announcement, the share price was aggressively whacked down most probably under proxy names. I hope they have selected the proxies very very carefully hehehe...Hard to hide these days with SC' expensive sophisticated monitoring software....
qr result already out la. lol. its a loss. which is expected from DL. and no news is bigger than stop production news. i think every bad news has sink in.
*Upcoming QR is expected to show huge loss taking into account of the compensation payout of RM 21m . *Taking away of the the normal trading loss ( It is expected to be significant ) , the loss for sure by now is RM 21m * Embedded with the legal lawsuits against bahvest by its own company officers and shareholders, the share price is destined to be doomed * The surge in this morning is short lived and unstainable
*Upcoming QR is expected to show huge loss taking into account of the compensation payout of RM 21m . This most likely false. 5 shareholders already issue lawyer letter addressing this issue.
* why addressing the issue? * Bahvest has agreed to pay the compensation in two installments which is a demonstration of their wrongdoing * Again, you are ignorant of the fact * The Auditors will report this compensation as loss to the company as a matter of fact
* Appointment of DL as CEO is duly approved by the BOD of Bahvest * BOD is accountable collectively , no DL alone * Southsea is a separate entity owned by DL which is a separate issue * Sublease is created between Bahvest and southsea under sublease agreement , * It is a related party transaction. It is believed that the auditors have duly checked this and reported in their report accordingly. * Related party transaction is allowed as long as it is transacted at arm's length. No issue here
Since dl already exiting the market, i really dont know whats else needed to talk about it. Let it be judge by its doings in court if needed.
Annoncement stated that they have to paid 13 m in to payment if not needed to mobe out. By doing so payment make will be extend to 90 days. It will impact the account, any auditor can tells you that.
In reality now if what happen it really trigger gn3 thats whats concern me. Therefore i awaiting for new management of the company, whats the direction onwards and how to resolve. Those matter is between the two party. Company prospect is our concern
Now the issue is after 90 days whats happen, it is more important now how to continuance of production for the company.
Safer to be an observer... Bad blood is too deep. I think its a situation of Thank you for the RM13.0 millions & I will see you in court for the balance sum.
In any situation there will be warrior in the field weather how severe the situation it.
If there is something for them to work with then the warrior able fight or defend on. Now is the production line ie, factory and others will be in problem after 90 days.
Sure you can. But for me is going concern of the company. There is alwasys two side stories and untold stories of both side for you to take into accout.
Therefore it isnt matter who stories more prettier or more pity, who is the shining knights and who the devil behind hands
If morale support there will two sided. Is now the company on going concern issue.
2nd & 3rd May, insiders cabut at high. They won't mind to cabut at low cz selling price still ok maaa Goreng a bit at 12-13 cts and can run more. Don"t get cheated.
Sure do now material and finacial impact on the company account, after the annoucement had been made known.
Swcond question is after 90 days. I really awaiting new management to give an address and ensurity. Then i will come in and support fl, if not is another bomb on sheft anytime will blow up
the thing is southsea pluck the amount from the sky. so, it is debatable and even if southsea sue bahvest. they also need to go court. thats why FL kick DL out fast. so when they go to court, it is not influenced by DL to submit willingly. DL can admit wrongdoing and make the payment out of Bahvest coffer.. thats why FL keluar the letter.
* Southsea has charged factory rental of RM 300,000 per month based on the open market rate. * Plucking the amount from the sky is out of the question * Bahvest has agreed to pay the due rental on the trespassed land , which is an acknowledgement of their wrongdoing. No question about that. * Letter from the Gang 5 is of no effect.
* If there is no market rate,then it is based on reasonableness * As long as the rental charge is proven to be reasonable , it is not subject to be challenged * Go and check how big the factory together with the ancillary structures on the encroached land is before you bombard here * one Acre of land is 43560 sq feet * The factory together with the he ancillary structures can easily exceed more than 10 acres
Wah just found out that the new nominated Frederick Chong has a chemical engineering degree, right man for the job since nowadays gold mining uses a lot of chemicals.
* Without doubt, Kretam is rich enough to buy the whole Bahvest * No point for kretam, the land is sublease with remaining lease of 17 years to go * Buy it and plant oil palm tree ? * The economic life of oil palm is 25-30 years vs the remaining lease of 17 years * As a businessman, would you go for it ? you tell me
* RM 300k per month, offered by DL * Take it or leave it , DL says to Gang 5 * Gang 5 dont agree,then pack and go * After 90 days, another battle is expected * Thats why I say, the share price is doomed
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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 > 2023-05-11 09:25 | Report Abuse
strong buy at 0.135.