Posted by Oowa > 2023-05-12 20:08 | Report Abuse

Both Bursa and SC will not let this go so easily. Investors' fund has been abused.

Posted by Oowa > 2023-05-12 20:16 | Report Abuse

After using corporate funds as his personal piggy bank, Dennis Kozlowski of Tyco went to prison.

Posted by joyvest > 2023-05-12 20:24 | Report Abuse

Chairman Dennis Kozlowski and former corporate Chief Financial Officer Mark Swartz havw swindled as much as USD$600 million from the company,Tyco

Posted by rohank71 > 2023-05-12 20:37 | Report Abuse

@alankam the payment of RM13M is definitely an RPT. before payment must get shareholder approval. even if gor suit must get shareholder approval

Posted by rohank71 > 2023-05-12 20:39 | Report Abuse

more than 5% of company's NTA, any dealings with director must get shareholders approval

Posted by rohank71 > 2023-05-12 20:40 | Report Abuse

only after leaving the company a former director is deemed not related.

Posted by rohank71 > 2023-05-12 20:41 | Report Abuse

After leaving for 12 months*

Posted by rohank71 > 2023-05-12 20:42 | Report Abuse

why do u think bursa asked the questions. Monday onwards more questions for the board members who supported DL

Posted by rohank71 > 2023-05-12 20:42 | Report Abuse

and the others and Co Sec will spil the beans...

Posted by field123 > 2023-05-12 21:03 | Report Abuse

what I am surprise is Bursa so focus on this company keep query them.....

Posted by Bullballs > 2023-05-12 21:06 | Report Abuse

The law is supposed to be after every crooks but when you advertise yourself with so much publicity, u can't blame the law to be focusing on u.

Posted by rohank71 > 2023-05-12 21:09 | Report Abuse

SC will also go after for insider trading. sell shares before announce the legal suit by DL junior

Posted by Alankam159 > 2023-05-12 21:23 | Report Abuse

Why jusy kept keen on rhe wrongdoings about others when there is authority.

Now the important part now is how they able to resolve the production activity for continue of the company

We as investor to see is company direction then others matters.

Maybe i'm just a realistic investor

Now

Posted by rohank71 > 2023-05-12 21:28 | Report Abuse

yes authorities will reprimand directors and company. and we shareholders get burnt.

Posted by wisdomtot > 2023-05-12 21:32 | Report Abuse

got gold fight... no gold who wants to fight right... for pride? =) It is a fool's gold anyway

Posted by vincentmin > 2023-05-12 21:39 | Report Abuse

https://www.facebook.com/100064546095888/posts/pfbid0PZGXe9L8EPb29ycEyp4eDSaCcUtBSCnzE3cWai6HtDNkvAtVZyqPxt8Z6TVqtFHdl/?mibextid=DcJ9fc

Posted by joyvest > 2023-05-12 21:46 | Report Abuse

Yer,maybe its Fool's Gold underneath the soil where DL keeps saying tons and tons of gold awaiting to be unearthed

The most common mineral mistaken for gold is pyrite.

Chalcopyrite may also appear gold-like, and weathered mica can mimic gold as well.

The above are 3 minerals which can be easily mistaken as fool's gold

Posted by vincentmin > 2023-05-12 21:59 | Report Abuse

I trust fl already done his homework

Posted by teareader818 > 2023-05-12 22:02 | Report Abuse

Inferring that DL was able to sell pyrite for gold. Lol.

Posted by Oowa > 2023-05-12 22:07 | Report Abuse

The so called "trespassing" was done single handedly by the CEO of the "trepassing" company who is also the major shareholder of the company which owns the land trespassed. The threat of halting production is ostentatious, not only to us but also to Bursa and SC. There will be more questions coming from the relevant authority. For a CEO to abuse public funds and carelessly treating the listed company vested in his care is a huge offence that can lead to jail.

Posted by cg14134 > 2023-05-12 22:19 | Report Abuse

Good chance SC has started looking at the whole clown show. More skeleton will surface upon investigation, and many will go to jail!

Posted by Bullballs > 2023-05-12 22:21 | Report Abuse

When u see real gold and still think it is fool's gold is a consequent of a mind thinking that everyone is a fool. A warped mind is a sorry state.

Posted by rohank71 > 2023-05-12 22:22 | Report Abuse

the assets remains with Bahvest as they paid to DL. not only DL his board members also will go to jail

Posted by rohank71 > 2023-05-12 22:22 | Report Abuse

FL get a gold company for free...silly DL

Posted by joyvest > 2023-05-12 22:26 | Report Abuse

Bro ,the keyword is "BOD collectively approved"

DL could not approve it alone so how could DL be held accountable for the " fault" ?
--------------------------------------
Who knows the previous BOD having shenanigans with DL to approve collectively the construction of factory on southsea's land using bahvest's resources to the ultimate benefit of DL?

Posted by youarewelcome88 > 2023-05-12 22:28 | Report Abuse

My take... the listing of Bahvest on Bursa is actually ILLEGAL.
The current fiasco has shown it to us. Many legal issues are now coming out. Legally, it is going to be Very Messy. The losers are the minority shareholders

Posted by cg14134 > 2023-05-12 22:29 | Report Abuse

The whole BOD working in cohort with DL, so all go to jail for free curry rice

Posted by cg14134 > 2023-05-12 22:30 | Report Abuse

Conspire to defraud and failure to discharge fiduciary duties - enough lo

Posted by Oowa > 2023-05-12 22:36 | Report Abuse

Don't mess with the authority.

Posted by Oowa > 2023-05-12 22:38 | Report Abuse

Najib went to jail alone, not the entire administration.

Posted by cg14134 > 2023-05-12 22:38 | Report Abuse

If no gold lagi teruk. The whole ship will sink to the abyss and one more charge of cheating investors all these years

Posted by Alankam159 > 2023-05-12 22:40 | Report Abuse

As again weather fraud or fiduciary duties is all authority job so let the authority do their job if rheir ia wrong doing

Why can anyone of us to be worry of future problem will occur if it is not settle or come up with a solution in 90 days. The problem is existing in front of us thats more worrying then who goes to jail. Production halt then all done.

If the company couldnt ride out of the wave or a find remedy for rhe immediate problem. Then we certainly sure whats coming om the way. Then who is the laughing at the end.

Share price will be further pludge to worthless. Which more important now. The fire is in front of our eyes now

Posted by teareader818 > 2023-05-12 22:56 | Report Abuse

When the CEO and major shareholder says to jump the BOD jumps. No two ways about it. They are there to rubber stamp.

Posted by youarewelcome88 > 2023-05-12 23:09 | Report Abuse

Trespassing... It must now be established if the buildings constructed & equipments installed have the necessary approvals from the authorities. Without the proper documentations no mining can proceed. What happens then?

Posted by wongcheehui83 > 2023-05-12 23:19 | Report Abuse

as expected

Posted by Bullballs > 2023-05-12 23:25 | Report Abuse

When they issued the LOD I thot it is just to show some action and force. Now that money has moved from one pocket the hole has become bigger and messier. Ask Bossku, if money didn't get into his account he might still be PM

Posted by youarewelcome88 > 2023-05-12 23:38 | Report Abuse

To the shareholders in this forum, stay alert...

Posted by field123 > 2023-05-13 00:00 | Report Abuse

https://www.klsescreener.com/v2/news/view/1152861

why i didn't saw this announcement in Bursa....

Posted by supersaiyan3 > 2023-05-13 01:20 | Report Abuse

(Again, just passing by, i have no shares and never intended to buy any)

1. So, close the fish business and venture into Gold mining.

2. There must be gold. But the more accurate question is: is mining gold profitable?

3a. If it is profitable, then L really keep some gold under table?

3b. If it is not profitable, then L quit make sense.

3aa. If it is profitable, then L would like to use South Sea continue mining and kick BV out?

3ba. If it is not profitable, then L can say bye bye to BV and repeat 1-2-3....

3aaa. Start operation with South Sea will trigger lawsuit?

3baa. Rumours say partner with China.....

blah blah blah

I mean shareholders of BV must use legal action to protect own interest. Otherwise, definitely no gold production loh.

Posted by supersaiyan3 > 2023-05-13 01:30 | Report Abuse

我見過羅一次，他說我「冇makai特別！」呵呵！

感覺他很outspoken，不像有那麼深沉的後著，還是看不透他。

做生意的一般都不會將陰暗面公之於眾，始終是要臉的嘛，不然幹嘛做生意？

他那封LOD短時間就發出來了，要嘛是事先準備的，要嘛矛盾醞釀了一段時間了。

好一輪連消帶打！（但一下子招出完了，有點過急了！）而且底牌已現，擺明了當初就是一心吃定BV？

好好休息一下，週末愉快！

Posted by joyvest > 2023-05-13 06:48 | Report Abuse

That's why i say when two dogs are fighting for the bone ,the third runs away with it.

The third party is another datuk...

Posted by joyvest > 2023-05-13 07:37 | Report Abuse

The construction of factory on the southsea's land is a plot premeditated by DL and the BOD then with two purposes.

1st purpose is to prevent anyone from controlling and managing Bahvest.Any hostile take over will definitely face lawsuit on the trespassed land like the recent case.

2nd purpose is to whack bahvest with the same lawsuit upon expiry of the sublease. The initial thought of leasing the factory to Bahvest in good faith is out of the question.

The above two purposes will be materialised whichever comes earlier. Unfortunately, the 1st one has been materialised.

All have been premeditated.

It is interesting to see whose side to support from the recent sudden emergence of a third party.As said earlier, whoever offers the most will take it all.

Posted by Alankam159 > 2023-05-13 07:40 | Report Abuse

In here i want to reiterate again. All those wrong doing is subject to authority and law. So lets prosecutor do rheir job if there is a basis of wrong not us as shareholders to judge.

Now that is the fact after 90 days have to move out if no sollution nor nego a way on these trepassing issue. So if there is any enourmous planning for the company it have to get out from these muddy water first before any things so call enormous planning can happen.

If such issue not able to be resolve then what will happen to the share price. What will happen to the company prospect, without a solid fundamental mid or big investor wouldnt invest in it. Then all shareholder will drag into a sink holes.

So these a scenarios that can and will be happen if steps still havent take to mitigate or resolve such issue. Dont start a show without and an ending towarss it. As now all preasure and direction is on the new manangement. Your guys name is being louder in public so dont make a down fall on the company amd your hands and necks on deck too

Posted by joyvest > 2023-05-13 08:11 | Report Abuse

The third party ,datuk Lee is said to have experienced in gold mining in West Malaysia.

He is a " prominent C" business man..I leave it to your imagination of what "C" stands for.

Posted by Alankam159 > 2023-05-13 08:17 | Report Abuse

Very doubtfull that any prominent businessman will enter field as i said the present issue is not resolve

Posted by walton888 > 2023-05-13 08:59 | Report Abuse

Who is datuk lee?

Posted by youarewelcome88 > 2023-05-13 09:10 | Report Abuse

Official investigation will only be initiated if there is an official complaint with supporting documents received by them. As it is, I will say only they are just making normal queries.

Posted by youarewelcome88 > 2023-05-13 09:16 | Report Abuse

Trespassing since 2017 says a lot of Bahvest... conducting illegal mining all along!!!

Posted by Bullballs > 2023-05-13 09:21 | Report Abuse

So many Datuk Lee in Msia but if he is from Sabah then not so many over there. The one from Sabah is a corporate veteran and politically well connected. Interesting times ahead.

Posted by joyvest > 2023-05-13 09:25 | Report Abuse

Yes,datuk Lee is from sabah