Let them la. Based on what they said and asked people to throw at critical support and during oversold it's proven they are newbies. Only newbies throwing shares without see support and resistance. My little advise, go to class first. Or you makes charity in bursa.
Government will announce free phone and rebate for eligible B40 very soon. Will boost new subscriber registration for telco. 8 millions B40. Bye bye for those who look for 0.02 he he he!
A few weeks ago, the authorities are understood to have raided several offices in Menara Lien Hoe in Persiaran Tropicana in the vicinity of the Tropicana Golf and Country Club in Selangor, looking for information on a group of individuals involved in manipulating penny stocks on the Bursa Malaysia.
The authorities, it seems, are after a group of individuals who control as many as 60 companies on Bursa Malaysia and appear to manipulate share prices and siphon out funds from these companies via numerous cash calls and the subsequent acquisition of assets. Also being scrutinised are the “asset-shuffling exercises” undertaken by many of the companies. There is also talk that they are allegedly involved in the legitimising of ill-gotten gains or money-laundering activities.
It is also learnt that there is a ringleader, an individual in his late 40s, who is not directly linked to any of the companies but efficiently uses proxies to mask his presence, utilising, instead, several generals who control the shares in many of them.
The Edge managed to identify almost 40 out of the 60 companies controlled by the same few individuals. (See chart next page.)
The ringleader controls, among others, Sanston Financial Group Ltd. The web of control appears to flow from Hong Kong-based Sanston.
According to its website, Sanston is a specialist securities broking firm regulated by the Hong Kong Securities and Futures Commission.
Despite the ringleader’s low profile, some blogs — equating him to Datuk John Soh Chee Wen, who is facing trial in Singapore for stock manipulation — have begun to talk about him and his generals, and their alleged stock manipulation activities that have been going on for some time now.
While two government authorities are said to have raided the premises of companies in Menara Lien Hoe, it is understood that the Securities Commission Malaysia (SC) was not part of the exercise. In response to a query on whether an investigation was ongoing, the SC replied: “As a matter of policy, the SC does not comment or respond to queries on whether it is investigating any individual or entity.”
A source close to the SC, however, says that the individuals and their stock manipulation operations have been “on the SC’s radar” for some time now.
Market talk, meanwhile, has it that the Inland Revenue Board and the Malaysian Anti-Corruption Commission were the two government agencies that paid the companies a visit, carting away documents.
“He (the ring leader) is a smart cookie ... he doesn’t surface, so the trails do not lead to him. It’s hard to pin him down, you can’t prove that he is behind the whole thing (manipulation and pillage of companies and its shares),” says one source.
Another source says the central bank is monitoring the ringleader and his generals and could be looking to uncover money-laundering activities.
Menara Lien Hoe houses 11 of the almost 40 companies in the web. AT Systemization Bhd (ATS), MLabs Systems Bhd, Focus Dynamics Group Bhd, mTouche Technology Bhd, Fintec Global Bhd, XOX Bhd, M3Technologies (Asia) Bhd, NetX Holdings Bhd, Lambo Group Bhd, Key Alliance Group Bhd and Vsolar Group Bhd have their principal place of business, head office, business office or corporate office in the building in Petaling Jaya.
most small fish trap at 35 cents.... 80% gone. Even go up to 20 cents, still make loss and trap forever!... i think sharks thanks for all your support of the price at 5 cents. they have gone and use your money to goreng others shares! right?
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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....
XOX1234567
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Posted by XOX1234567 > 2021-04-28 07:36 | Report Abuse
Ok