Posted by firehawk > 2017-01-10 10:29 | Report Abuse

may be rzl is collecting ....

Posted by firehawk > 2017-01-10 10:31 | Report Abuse

those strongly believe can get 2.50, also should buy ... even 1.50 is good enough!!

Posted by steveooikp > 2017-01-10 10:53 | Report Abuse

where is hng33?
holiday for so long?
where is rogers123 --- please continue with your kao pei kao bu.....

Posted by steveooikp > 2017-01-10 11:23 | Report Abuse

up 2 pts index...
looks like nothing moving....

Posted by steveooikp > 2017-01-10 11:47 | Report Abuse

rogers123 and hng33 --- most probably they had sold their puncak......
do quiet today... so boring....

Posted by kahhoeng > 2017-01-10 12:30 | Report Abuse

firehawk, fight for capital repayment of 2.50 in exchange for share doesn't mean that you will get it. However, if you don't fight for it, you will definitely NOT getting it! Buying Puncak now is risky, but selling now is crazy too. Puncak at around 0.90 has priced in all troubles but not opportunities. There is not telling if the price is manipulated, but the BOD's inaction is what pissed off minority shareholders and a fight for capital repayment is warranted.

Posted by steveooikp > 2017-01-10 12:31 | Report Abuse

hovering around 0.905 to 0.93.....

how long need to wait....

Posted by firehawk > 2017-01-10 15:26 | Report Abuse

those want to try luck also can bet at this level:
prepare 3 batches of money, buy @0.91, 0.82, 0.73

sell, when rises more than 10%, don aim for too high, selling pressure will emerge.
worth to bet at this level is bcos, it would not just bungkus like that, would not just delisted like other heavy loss incurred ctr.
don blame me, if loss money!

Posted by firehawk > 2017-01-10 15:43 | Report Abuse

i use the term bet (not invest), bcos a still loss making ctr (and turnaround is uncertain), is unable to get evaluated ....

if u r a serious person, don bet! if u want to try yr luck, just put a little affordable money.

Posted by kahhoeng > 2017-01-10 17:20 | Report Abuse

it's a real shame to the market regulators when a company with a 2.50 cash traded at 0.92 and yet its a betting and not an investing. Ponzi, mafia or black market?

Posted by stockmanmy > 2017-01-10 17:25 | Report Abuse

kah

In this case, trust is worth $ 1.60 per share.

Posted by steveooikp > 2017-01-10 17:34 | Report Abuse

stockmanmy, kahhoeng...

I still don't see 1.60 per share....

kahheong... see osk.... now should at least worth more than 2.50.... but still at 1.40....

share market is an art, not science.

Posted by kahhoeng > 2017-01-10 17:44 | Report Abuse

OSK is holding asset, Puncak is holding cash. One can say asset is hard to value, but when cash is hard to value? That's why I ask if this is a Ponzi, mafia or black society market...

Posted by stockmanmy > 2017-01-10 17:57 | Report Abuse

Its a value trap
not a gold mine.

Posted by kahhoeng > 2017-01-10 17:58 | Report Abuse

Err... value trap a technical term for mafia and ponzi?

Posted by stockmanmy > 2017-01-10 17:59 | Report Abuse

yeap

Posted by r°Moi > 2017-01-10 18:01 | Report Abuse

.


All of you had given rosali a freehand

Big tragedy....

High time for all of you to intervene...



Email SC MSWG...


.

Posted by firehawk > 2017-01-10 23:36 | Report Abuse

rzl is not stupid, he keeps the cash to extend the life line, bcos the co. earning money ability is basically very doubtful ... if he gives out the cash, will bungkus in a few yrs time, the directorship /remuneration all gone ......

Posted by valour > 2017-01-11 10:11 | Report Abuse

Bought 10k shares slowiy fight with rzl haha

Posted by kahhoeng > 2017-01-11 10:38 | Report Abuse

firehawk, that's why during the AGM, I have requested Rozali to buy back shares using 200 million reserve. I didn't ask for the unreasonable. Yet, not only is it ignored, he has shitted us with garbage quarter results (he has mentioned no more surprises during AGM) and garbage deals (he has mentioned the 1.2 billion has strict regulation.) I would be an idiot if I don't fight for a capital repayment of 2.50 in exchange for share.

Posted by FAIRnREASONABLE > 2017-01-11 13:20 | Report Abuse

I must compliment the efforts and actions taken by Kahhoeng.

As I said earlier, the most effective way is to move relevant resolutions at the AGM.

Unfortunately, this is not easy though possible.

I checked the Malaysian Company Act, and found the following requirements.


The number of members necessary for requisition of a resolution shall be—
(a) any number of members representing not less than one-twentieth of the total voting rights of all the members having at the date of the requisition a right to vote at the meeting to which the requisition relates; or
(b) not less than one hundred members holding shares in the company on which there has been paid up an average sum, per member, of not less than five hundred ringgit.


Together with my friends, I have 3 Puncak shareholders. We need another 97 to move resolutions at the AGM to force the puncak directors to take appropriate actions.

Posted by steveooikp > 2017-01-11 14:14 | Report Abuse

100... easy.
Fairnreasonable (new member with new account for puncak thread -- funny hehehe) - 3
hng 33 - 1
rogers123 - 1
valour - 1
stockraider - 1
r moi - 1
stockmany - 1
kahheong -1
steveooikp - 1
angiess - 1
firehawk - 1
LilyLL - 1
paperplane - 1
up_down - 1
ysn 8 - 1
mikkel low - 1
many more.....

Posted by kahhoeng > 2017-01-11 15:37 | Report Abuse

I have another two friends who have purchased Puncak 'thanks' to me... Sigh, felt so bad, not going to recommend people buying shares in the future.

Posted by kahhoeng > 2017-01-11 15:41 | Report Abuse

I will try to approach LTH this coming few days, see if they are keen to meet and negotiate a way to address this. Best if Rozali offering approximately 2.50 to take Puncak private through capital repayment.

Posted by rogers123 > 2017-01-11 16:07 | Report Abuse

Kahhoeng: if u need my proxy, i will give u. I bought alot tat day. No joke

Posted by rogers123 > 2017-01-11 16:17 | Report Abuse

Kahhoeng: my frenz who listened to hng, bought at 3.35, lagi teruk. I asked not to avearge down. She didnt wan to listen.... Mortgaged her house to average down. Very pity her. I told her i know rzl attitude very well. I knew wat he is going to do next. This share will fall below rm1. But everyone was laughing at me. Most of them said impossible. Icon888 is paid to write puncak blog.

Posted by cljy > 2017-01-11 16:35 | Report Abuse

2 from my side

Posted by cljy > 2017-01-11 16:36 | Report Abuse

let's see if we can reach 100?

Posted by CK888 > 2017-01-11 16:56 | Report Abuse

Please count me in too.

Posted by e1shi > 2017-01-11 16:59 | Report Abuse

me too

Posted by cheoky > 2017-01-11 17:08 | Report Abuse

malaysia activist investor is the making. my vote is your vote. just tell.

Posted by steveooikp > 2017-01-11 17:17 | Report Abuse

easy can hit 100.
so protest... we will go without food and drink and protest.....

Posted by steveooikp > 2017-01-11 17:18 | Report Abuse

rogers123... wa liao...
mortgaged house to buy puncak ?

3.35 less 1.00 = 2.35.... now 0.905.... must wait long time...

Posted by steveooikp > 2017-01-11 17:19 | Report Abuse

so now can buy more...I have a few high entry counters damn scare oso....

Posted by cljy > 2017-01-11 17:20 | Report Abuse

1)Fairnreasonable
2)Fairnreasonable
3)Fairnreasonable
4)hng 33
5)rogers123
6)valour
7)stockraider
8)r moi
9)stockmany
10)kahheong
11)steveooikp
12)angiess
13)firehawk
14)LilyLL
15)paperplane
16)up_down
17)ysn 8
18)mikkel low
19)cljy
20)cljy
21)CK888
22)e1shi
23)cheoky


Please copy and paste and add your name sequentially to track numbers.

Posted by steveooikp > 2017-01-11 17:24 | Report Abuse

roger123 x 2 ...
his 1 friend....

kahheong x 3 (got 2 friends)

can also add in their friends' friends....

Posted by DK66 > 2017-01-11 17:41 | Report Abuse

24)DK66

Posted by stkoay > 2017-01-11 18:51 | Report Abuse

25)jacklintan

Posted by taitaumau > 2017-01-11 19:32 | Report Abuse

26)taitaumau

Posted by taitaumau > 2017-01-11 20:53 | Report Abuse

btw, FAIRnREASONABLE, would you mind advise which section of Companies Act (New or old) carrys the following condition

(b) not less than one hundred members holding shares in the company on which there has been paid up an average sum, per member, of not less than five hundred ringgit.
TQVM

Posted by cljy > 2017-01-11 20:54 | Report Abuse

1)Fairnreasonable
2)Fairnreasonable
3)Fairnreasonable
4)hng 33
5)rogers123
6)valour
7)stockraider
8)r moi
9)stockmany
10)kahheong
11)steveooikp
12)angiess
13)firehawk
14)LilyLL
15)paperplane
16)up_down
17)ysn 8
18)mikkel low
19)cljy
20)cljy
21)CK888
22)e1shi
23)cheoky
24)DK66
25)jacklintan
26)kahheong's friend
27)kahheong's friend
28)roger123's friend

Posted by FAIRnREASONABLE > 2017-01-11 21:31 | Report Abuse

I am encouraged by the response.

I can add 2 more from my side, making a total of 5.

We should garner the power of internet and the i3 forum to get a total of 100. It may not be too difficult for each to get two more, e.g. to get your friends or family members to buy just 1000 shares to be qualified to be 1 of the 100.

If we can successfully move resolutions at the AGM, we could also invite the press to come along to witness the debates and to report in the news.This will further pressurize the directors.

Thanks to all for the positive response.

Posted by klout > 2017-01-11 21:45 | Report Abuse

Count me in as well.

Posted by FAIRnREASONABLE > 2017-01-11 21:49 | Report Abuse

If Kahheong can get LTH to support us, that will be a tremendous breakthrough. Then we don't need 100 members as rule (a) applies - 5% rule. Keep up your great efforts, Kahheong. We need champion like you - one who is willing to do something positive instead of discouraging remarks.

Posted by FAIRnREASONABLE > 2017-01-11 22:03 | Report Abuse

Taitaumau, I quoted section 151 (pg 240) of Comapny Act 1965 with amendment up to 2006. Correct me, if the latest amendment has make changes to the requirements.

Posted by cljy > 2017-01-11 22:19 | Report Abuse

1)Fairnreasonable
2)Fairnreasonable
3)Fairnreasonable
4)hng 33
5)rogers123
6)valour
7)stockraider
8)r moi
9)stockmany
10)kahheong
11)steveooikp
12)angiess
13)firehawk
14)LilyLL
15)paperplane
16)up_down
17)ysn 8
18)mikkel low
19)cljy
20)cljy
21)CK888
22)e1shi
23)cheoky
24)DK66
25)jacklintan
26)kahheong's friend
27)kahheong's friend
28)roger123's friend
29)taitaumau
30)fairnreasonable
31)fairnreasonable
32)klout

Posted by cljy > 2017-01-11 22:20 | Report Abuse

when is the AGM?

Posted by FAIRnREASONABLE > 2017-01-11 22:23 | Report Abuse

I understand that company act 2016 is not enforced yet.

Posted by rogers123 > 2017-01-11 22:50 | Report Abuse

I don think puncak should buy triplc. I think puncak should cease its operation n distribute the money to shareholders. Since puncak always make loss in every business. Can puncak confirm tat it will make profit after the acquisition?

Posted by rogers123 > 2017-01-11 22:52 | Report Abuse

Rzl son is capable in managing puncak?