I really think they should delist these type of companies. One company buy stock in another company, another company buy stock in another company. This is like an actual Ponzi. Core business is what? Permaju should be property right ? Use shareholders money to goreng gambling stocks
Many goreng tipu stocks in bursa. Some of their directors are bunch of con collaborating with operators to make money from stock manipulation. They are not interested in generating profits from business operation to benefit the company and shareholders.
Business will show losses quarter after quarter and the modus operandi more or less similar among these companies. Share placement for esos and private placement to raise fund again and again. Ending in share consolidation and rights issue with free warrant to raise more funds from shareholders.
he company operates in four business segments namely; Timber segment comprises of sale of timber logs and related timber products and holding of timber concession and tree plantation; Automobile comprises of sale and distribution of motor vehicles and provision of related services which also contributes a major part of revenue; Property segment consists of development and construction of property, and Other segment involved in group level corporate services and investment holding activity
@fairyz, refer whistlebower99 comments. Lost many money in stock speculation cum manipulation. Company lost money but directors might make money. How arr???
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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....
whistlebower99
5,196 posts
Posted by whistlebower99 > 2021-05-29 20:34 | Report Abuse
Not so soon. Not game over yet
The smart directors probably will come up more MOUs & create more news to try to goreng the stock.
Total Issued shares = 815,132,170
Still got lots of buffer to issue more shares.
Smart directors might also continue to issue more shares to selected PP investors to raise fund for purchase of more assets or businesses
Let the show continue...and monitor closely