dear forumers, just want to ask you all a question.. i just bought few lots of lysaght few days back by cash. Later my remisier phoned me just now & told me today is force selling day. It turned out that it was a miscommunication, he bought for me 10 times the share i ordered (coz mistaken 1 lot = 1000 units, not 1 lot = 100 unit). So it became incidentally contra transaction. However i let him force sell coz already got profit rm 25k. The thing is he demanded a portion of my profit (which he had not stated yet how much) because due to his 'mistake', i ended with large profit.. is it legitimate for him to do this? Hope to hear your wise opinion forumers please.. thank you very much..
@vincent well he claimed he had few transactions like this, got misunderstood & end up in contra loss & he had to bear the cost.. but then again it was his words don't know true or not. I think he is using this reason to make me share some profit with him. But i think its unfair why i have to share profit with him only because he had few bad deals with other transactions before
This company...headache !!! No integrity...one day proposed bonus and warrants, another day abort.... Directors still argueing to give or not ?????? Father says can, mother says cannot !!!! And vice versa... Father and mother divorce, the children will suffer !!!!
Ms Chew Meu Jong told The Edge Malaysia Nov 3 issue that Chew Brothers Sdn Bhd which owns 40% of Lysaght Malaysia Sdn Bhd had decided that the corporate exercise by LGS was "not good" for LMSB. She declined to explain why the exercise was bad for LMSB. Interestingly Tan Sri Abdul Rashid Abdul Manaf and United Engineers Ltd. voted against the corporate exercise at the LMSB EGM. Both Rashid and UEL have voted for their respective rights issue in Eco World and UEL rights issue takeover of Wearne Brothers. When share holders have to fork out money to subscribe to rights issue is considered good whilst bonus shares with free warrants is "no good" to the detriment of the major share holder? Is this not short changing minority share holders? Is there no corporate governance to protect minority share holders against possible abuse? We lost a lot of money through unscrupulous manoeuvring by the major share holder - EGM here EGM there? They are only good at convening EGM's which are legally right but adopted for morally robbing minority share holders interest! SC must investigate and not allow a repeat of this corporate fiasco! Otherwise minority share holders will always be forsakened & maimed! The major share holder cares not a damn including trampling on them! LGS share holders must now wait and see what is the "good" that will unfold from this cancellation of the corporate exercise! Ask Chew Brothers!!
Public shareholders spread is 24.08%. LGSB will have to propose corporate exercise.....hope they give bonus, split and warrants again !!!!......cash rich! Share the wealth with us....the minority shareholders!!! We will be loyal supporters of Lysaght !! Thank you for the special dividend.......
Wow! RM1.00 special dividend will neutralize my GST affliction and re-kindle some joy into my family! Pray for the LGS directors' empathy and conviction to do what is most needed!
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Posted by tjhldg > 2014-10-24 00:44 | Report Abuse
kikikikiii ... lai liau :)