A check at d AR 2016, tis CF control only abt 19 %. Another word ,tis company is indirectly control by Malaysians oh! . Can kick tis CF out n a put Malaysian as CEO . I think d right person to do this task is SSL. What say u I3 investors
Dear all, My emails to relevant parties have reached a critical stage and pardon me I cannot share the detail content with this forum anymore due to confidentiality and sensitivity of such information. As I said before I only hold a small position in CSL, nothing much for me to profit or lose. My interest is to seek the truth and justice. And to those who question my attitude and mentality please judge for your-self from my general statement extracted from my last email.
Dear Independent Directors and Auditors, Let me reminded you that you have took the following oath of duty during the CSL AGM; “We are here today to seek the truth the whole truth and nothing but the truth so help us god. If there is any fraud committed, it is our duty and responsibility to put an end to such practices. Let us uphold justices, integrity and have compassion to the suffering of other. The truth and justice shall prevail.” I took my oath of duty seriously and had made a few follow up emails for clarification: There is no escaping that you will be held accountable and liable for the conduct of CEO relate to managing CSL business and audited financial end Dec 2016 report. I need all to extend your full cooperation falling to do so will leave me with no choice but to seek SC help to open a criminal investigation file and call you in for further investigation.
Mr SSL ,I think shareholders will fully support u. If management cannot give full cooperation, then take action fast if not cash in bank will be missing sooner or later. I know it is not easy task cos we don 't have Malaysian major shareholder like Msport..
Mioxi, i think you were right! He is damn arrogant!
He is too naive to think the mgmt of Csl would kowtow because his intention of asking SC to trigger criminal investigation. What a naive and immature mentality!
CSL got abt RM1.2 b cash in the Bank stated in AR2016, which worked out to be one share = abt rm 1.00. Now selling 1 share = 5 sen . Ridiculous isn't it? This CEO (Chan Fung) would be in great trouble if the cash is not tally. Should be charge under criminal breach of trust if the account is a fake one. This CF selling abt 80m at 7sen to a investor (unknown) aldy create panic n loss of confidence to shareholders which indeed aldy an offence . Very funny, Malaysian Authority i.e Bursa keep a closed eyes. which suppose to protect the shareholders interest.
CEO is actually holding an important post in a company . He must has at least 2 ingredients i.e integrity n competence .. Without this , the company will going to fail. Thus , Another word, this CF shd vacate his post irrespective of his controlling stake .
Investors shall understand the risk involved prior putting in their money in that investment. Never relies solely on authority to protect your interest.
Dear Giantman, By your logic, reporting a crime to police or reporting a corruption to MACC is discredit police or MACC and your own-self. May I asks, are you incapable of any kindness, a kind word, a kind act, a selfless giving or a smallest act of caring that made someone smile? Do you derive any pleasure in disparaging people that humbly trying to do something not just for him-self but for the common good of all? Are you a Giant Man or a little man?
Dear drangonball, If the bank balance is real then it is worth holding. The big question now is market perception the bank balance is not real. And the only way to clear this market perception once and for all is to carry out a forensic audit on Bank Balance. Currently I am trying to get all the help I can get from external auditor, independent directors, SC and BURSA to get one done for CSL. Thank you.
You misinterpreted and twisted my message . I did not meant that!
It's pretty alright to bring the case to the relevant authorities but not kept barking the same issues without concrete outcome.
You behaviour is not less than to a mad dog. Worse still, it implies investors need not accountable for their own mistake by just yelling for others for recertification.
The speculators have been flushed out abt 2wks ago if I am not wrong,coincide with bad news of litigation. And there r short sellers last wk n now trying to buy back cheap by creating fear. Now 5 sen should be a good buy. As super trader says it is not the thinking that make big money,it is the sitting. Of cos there r risks attach to it .
even though if the cash balance is real, we had witnessed actual event unfolding, lets recount : 1st-the co had fire accident 3years ago which subsequently caused huge amount of losses reported and made matter worse the co slipped into pn17 for unable to submit its financial report the same year it happened, after 3 years from now the co recovered and 2nd-every year we hear huge amounts of expenses reported and all this cause the dwindling of cash balance and now the latest event litigation issue as a result loan taken by CF might have consequences effect on the co and extended time frame of submitting its financial report. There might be more to come to make the cash balance dwindle until at a comfortable level to reflect the share price
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BIGAPETITE
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Posted by BIGAPETITE > 2017-09-13 10:03 | Report Abuse
dear SSLee, this is a strong case worth following given the massive cash balance held by csl until now no one suspect any fraud