Posted by Jaden > 2018-12-21 14:10 | Report Abuse

Market share on sale balance very less only..

Posted by 5354_ > 2018-12-21 15:15 | Report Abuse

Jaden new boss? What's your plan for 0 revenue company?

Posted by paktua73 > 2018-12-21 15:25 | Report Abuse

sikalang paktua yg berpeluh...
autasing baling 54 guni..
paktua antara sibingai sambut berpuluh guni
waaaa waaaa

tut tut
celaker pinya member
ihik ihik ihik

Posted by 5354_ > 2018-12-21 15:34 | Report Abuse

ds trap paktua73 here? Pity lo.

Posted by kenie > 2018-12-21 15:43 | Report Abuse

Sumatec lodges police report against former director
KAZAKHSTAN / 22 NOV 2018
PETALING JAYA: Sumatec Resources Bhd has lodged a police report against one of its former directors for possible breach of trust and committing offences under the Company Act 2016 by conducting certain transactions without the approval of the board of directors .
The group told the stock exchange that Independent Director and Chairman of the Audit Committee of the Board, Datuk Khalid Ahmad had on November 20 lodged the report with the Commercial Crime Department.
The decision to lodge the police report was made in accordance with the advice and order of the Board of Directors with the recommendation from the managing director to safeguard the interests of the company, the shareholders, other stakeholders and the public.
The director who was a board member of the company from 2003 to 2017 was also a director and shareholder of Tekad Mulia Sdn Bhd during the period in which the alleged act being committed.
“The director, in acting without board authority, was acting in conflict of interest in relation to the transactions involving the divestment of Semua International Sdn Bhd (SISB) and Collateralized Loan Obligation (CLO) Debt settlement (since he was also a Director and shareholder of Tekad Mulia Sdn Bhd), a substantial shareholder of the Company during the period in which the alleged act being committed. The Director has made certain undertaking to the Purchaser and Trustee, Malaysian Trustee Bhd and Bondholders in the Settlement Agreement 2013,” said Sumatec board of directors in the filing.
Checks with Companies Commission of Malaysia (SSM’s) records list former director Chan Yok Peng as a director and shareholder in Tekad Mulia.
The former director also allegedly placed the company’s seal on an agreement without the resolution of the board for a settlement agreement for a CLO Debt for the company’s previous subsidiary SISB. This resulted in Sumatec acknowledging the undertaking to settle around RM80 million, even though the liability has been waived.
He was also found to have been allegedly negligent in handling his duties in relation to the financing of vessels under the Company’s subsidiaries, SISB and Semado Shipping Sdn Bhd, by failing to ensure the takeover of the Sumatec’s guarantees to Bank Pembangunan Malaysia Bhd and Malayan Banking Bhd to Hoe Leong Corp Ltd , a company incorporated and listed on the Singapore Stock Exchange.
As well as failed to procure the guarantee and to replace the company’s guarantee from the controlling shareholder of SISB, Hoe Leong Corporation Bhd as stipulated in the Settlement Agreement 2013 and the company’s Circular to Shareholders dated May 30 2013, which has caused the company to be summoned and face winding-up proceeding for liabilities estimated at about RM350 million.
The director had allegedly acted alone and without the permission of the board of directors in signing the Parental Company Guarantee Agreement” dated May 2, 2016 to the Continental Industrial Supply And Services Limited Liability Company Partnership (CISS.)
This was to secure the payment of the Kazakhstan based oil and gas company, CaspiOil Gas LLP (COG) contract, which resulted in the company paying for arbitration proceedings of about US$6 million.

Posted by kenie > 2018-12-21 15:43 | Report Abuse

12 Dec 2018 HALIM BIN SAAD Disposed 25,000,000
6 Aug 2018 SUMATEC HALIM BIN SAAD Disposed 66,000,000
29 Jan 2018 SUMATEC HALIM BIN SAAD Disposed 127,000,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 14,200,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 9,570,000
13 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 6,076,200
12 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 3,000,000
11 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 25,500,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 10,000,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 22,500,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 6,000,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 8,000,000
6 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 19,000,000
6 Dec 2016 SUMATEC CHAN YOK PENG Disposed 36,799,000
2 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 77,731,000
20 Jul 2016 SUMATEC HALIM BIN SAAD Disposed 46,000,000

Posted by kenie > 2018-12-21 15:44 | Report Abuse

SUMATEC halim saad Disposed 54,390,000 ( 394,788,800 9.2830 %)
halim saad selling....want ...

Posted by 5354_ > 2018-12-21 15:51 | Report Abuse

http://www.theedgemarkets.com/article/sumatecs-largest-shareholder-halim-saad-seen-paring-down-stake

Posted by Jaden > 2018-12-21 16:22 | Report Abuse

5354_ good afternoon.
Frens buy I follow..no plan

Posted by Sanatan > 2018-12-21 17:10 | Report Abuse

High volume today, 24 mill shares changed hands. Is that the trend for a Company that is winding up ?

Posted by Alex™ > 2018-12-21 17:19 | Report Abuse

why ur halim got hoot list company, no hoot buyback share at 1sen?

Posted by 5354_ > 2018-12-21 21:46 | Report Abuse

You said want to ambil alih. You also said no plan how? Gua pening lo.

Jaden 5354_ good afternoon.
Frens buy I follow..no plan
21/12/2018 16:22

Jaden Moneypedia.. good afternoon.
If 0.005 I kongsi 4-5 frens here include Pak Tua ambil alih company.. hahaha
21/12/2018 12:45

Posted by Ywchew8255 > 2018-12-21 22:06 | Report Abuse

Halim run,all of you still at here,this is very tipu company, hahaha

Posted by Maynot > 2018-12-22 01:58 | Report Abuse

Revenue is 0. My aunty selling nasi lemak also got revenue

Posted by newbie5354_ > 2018-12-22 04:20 | Report Abuse

Revenue 0 behind HS selling? Why got people pushed up?

Posted by Buy1sell2 > 2018-12-22 08:14 | Report Abuse

What I can say is this is RISKy because we are already near zero value. But if Sumatec is revived or given a life line like a white knight comes along and take over or the restructuring plan really holds water...then it might rise back to 10 sen or 15 sen. Even if you sell now its a worthless piece. Gamble that miracle do happen??

Posted by 335511 > 2018-12-22 08:14 |

Post removed.Why?

Posted by anticonman > 2018-12-22 10:17 | Report Abuse

Mana referee dragonslayer or BuahCiku? He can be referee in many counters why all posts in Sumatec he deleted? He bring so many i3 members to Holland?

Posted by SweetNovember > 2018-12-22 10:33 | Report Abuse

Miracle in making!

Posted by Alex™ > 2018-12-22 10:38 | Report Abuse

This is the best chance to stretch your emotion muscle in investing. Many times the stock cries for a buy because everyone is so pessimistic toward it.

Just buy 1 lot. If delisted, that means you're wrong. If huat, then congrats that u have conquered your fear to press buy even when the sky is falling.

In the end, position sizing is very important. Good luck and merry Christmas.

Posted by hollandking > 2018-12-22 10:41 | Report Abuse

you guys really think is cheap? You think can easily flip 1/2 cent? I I tried it before, got cheaters one, maybe here dont have. You try flipping a counter worth $0.0001

Posted by hollandking > 2018-12-22 10:41 | Report Abuse

they called it ceiling boxing

Posted by BN_better > 2018-12-22 18:36 | Report Abuse

Can Suma survive until GE15 in 2023?

Posted by BN_better > 2018-12-22 18:36 | Report Abuse

Rough weather ahead....

Posted by 5354_ > 2018-12-23 04:16 | Report Abuse

Alex said he study PHD in attached blog. Why PHD student choose Sumatec when HS disposed?
https://klse.i3investor.com/blogs/testing.com/187536.jsp

Posted by Alex™ > 2018-12-23 09:03 | Report Abuse

Need to make things clear.

1) do you own due diligence
2) Alex still net positive in sumatec counter (previous win)
3) bet sizing is very important
4) strong opinion, weakly held
5) sumatec is speculative play. Lynch segregates his pot with diff strategy.
6) good luck and happy new year

Posted by Alex™ > 2018-12-23 09:04 | Report Abuse

7) IQ is not a reliable indicator for stock performance. Isaac Newton rided the bull and sold at bottom :(

Posted by Alex™ > 2018-12-23 09:04 | Report Abuse

Rode

Posted by BuahCiku > 2018-12-23 11:26 | Report Abuse

Aiyo Dr Alex...you no 1 superpromoter now...one promoter fight so many penkritik...if you win...you are the I3 no 1 sifu...good luck to you...Dr Alex....aiyoyo...kikiki

Posted by Alex™ > 2018-12-23 11:27 | Report Abuse

Wah... I die lo like that... All jump ship d? Director also jump... Haha

Posted by wondermanx > 2018-12-23 11:27 |

Post removed.Why?

Posted by Alex™ > 2018-12-23 11:27 | Report Abuse

Can prepare a lifeboat for me?

Posted by Sanatan > 2018-12-23 14:06 | Report Abuse

Haha a lifeboat tak cukup…. need a cruise ship to save all !

Posted by buyforget > 2018-12-23 14:06 |

Post removed.Why?

Posted by 5354_ > 2018-12-23 14:12 | Report Abuse

HS should buy more not disposed at 1 sen itu yang kita mau.

Posted by alam Rafik > 2018-12-23 14:50 | Report Abuse

SUMATEC BHD adalah kegemaran saya ... gv saya keuntungan yang cukup baik, mula-mula tetapkan tgt saya 0.013 kemudian tgt kedua 0.015 Jumaat moneyliferesearch mencadangkan saya dan HIT itu ....

Posted by polycarp > 2018-12-23 16:49 | Report Abuse

Buy or not to buy??
Merry Christmas to Alex and all in Sumatec

Posted by 5354_ > 2018-12-23 17:22 | Report Abuse

If there is indeed new buyer(own >5%) they must announce their name by 31st Dec the latest. If no announcement then best buy is 0.5 sen but must sell quickly when see gain.

Posted by polycarp > Dec 23, 2018 04:49 PM | Report Abuse
Buy or not to buy??
Merry Christmas to Alex and all in Sumatec

Posted by newbie5354_ > 2018-12-23 17:52 | Report Abuse

Alex want to study Phd got what Master degree now now? Any comment?

Posted by jasontan1177 > 2018-12-23 18:22 | Report Abuse

Buy pisang all in?

23/12/2018 14:50

polycarp Buy or not to buy??
Merry Christmas to Alex and all in Sumatec
23/12/2018 16:49

Posted by paktua73 > 2018-12-23 18:42 | Report Abuse

17m x .005 =RM?????????
Waaaaa waaaaaaa waaaaaa

Tut tut
Andai ku tahu tipumu..
Semputec ..

Posted by Alex™ > 2018-12-23 19:00 | Report Abuse

Newbie bro... Any relevant masters degree should qualify u to study PhD. Or a good bachelor degree also. Hehe, mine is more to behavioral study for masters, and Accounting for bachelor... So marry them both and you get behavioral finance?

Posted by Alex™ > 2018-12-23 19:01 | Report Abuse

Gg sinking ship~ sell before too late~

Posted by moneypedia > 2018-12-23 21:43 | Report Abuse

tribute to paklua sing fo le lay lalluby

andai ku tahu
kapan tiba kain kapan ku
ku akan memohon
tuhan tolong panjangkan semmutecku

aku takut akan semua losaku
aku takut losa yg telus membayangiku
aku takut akan semua luitku
lesap sulah hilang diambang lingkup semutecku

* sing using Ramli Sirap style

Posted by azman123 > 2018-12-24 06:58 |

Post removed.Why?

Posted by Holycow > 2018-12-24 10:04 | Report Abuse

company boss sendiri pun sell their share. ship owner pun jump ship.

Posted by Sanatan > 2018-12-24 10:22 | Report Abuse

HS sold another 54.39 mill again today... looks like he is leaving. Now what is going to happen ?

Posted by MamakKutty > 2018-12-24 10:23 | Report Abuse

zero income, captain see the boat got one big lubang taking in water, jump JUMP...

Posted by Buy1sell2 > 2018-12-24 20:52 | Report Abuse

Halim sell sendiri cabut. Waiting for the next captain to hop abroad.

Posted by jasontan1177 > 2018-12-24 22:16 | Report Abuse

DLGH Marvel captain or pisang captain ?

Buy1sell2 Halim sell sendiri cabut. Waiting for the next captain to hop abroad.
24/12/2018 20:52