See, this joker KYY only think how to beautify the things & hope all can see good things only, without letting others know the negatives. Very dishonest old man.
(1) Koon Yew Yin taught Kok Onn and Boey Tak Khong how to technically smooth the earnings projection from quarter to quarter in order to benefit shareholders such that the earnings will be seens growing persistently rather than bumpy and hence terrifies all shareholders. The recent 40 cents gap down is an example. I think Koon cannot sleep well so he bombarded the Board with this concern.
SJSOON I also got recorded KYY lecturing Kok Onn how to "cook" the financiak report. LOL. 04/11/2016 10:02
That's why, we have rules to follow BUT this conman never thought to follow, see what he did on late announcement in previous disposal of shares that he asked his followers to buy?
KYY is not asking anyone to cook the accounts. There's a different between cooking the accounts and having provision for debts or to write-off certain cost.
Just like there's a different between tax planning and tax evasion although both served the same purpose - to reduce the amount to be paid for tax.
KLCI King # do studies accounting before talking about these. Koon Koon know very well in accounting dispate he is not an accountants.
Board are in the position of protecting shareholder. These declined in share price is a good lesson for the board of of Gadang.
In short term, the approval of ESOS could provide the board an motive to drive the share price down and exercise ESOS so that directors can obtain share for lower price . Thereafter, they tend to report good results and shoot the price up again.
In long term, as they will drive the GADANG to another level of achievement.
SecretOne sifu, what KYY suggest is manipulative already. all provision should have justified ground, adjusting with the intention to show progressive improvement of profits, hence boosting up the share price, that is very obvious already. Even though technically may still arguable, but we look into the purpose... it is not to show true and fair view...
If there's anything we can learn from this incident is that Gadang management is not capable of running a big company. They seriously need to improve in managing their accounts and also investor relationship.
I think the price correction is overdone. In my long experience, I have not seen any share crashed so severely in one day. It dropped more than 10% with more than 28 million shares traded. Obviously there were more sellers than buyers- panic selling
Kyy never see any shares crashed so severely (10%+) in a day?????
For few seconds, i almost believe in Koon Koon just like i once almost believe in Sifu when he said he never tell lie in I3
Those who sold earlier already run like a chicken and never want to look back Good luck to those who still holding and hoping someone else will help them. Director is not gonna help you too.
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....
tksw
12,784 posts
Posted by tksw > 2016-11-04 10:48 | Report Abuse
WTK got sales offer, siapa mau?