Thanks to the Duo bro lor, greedily jack up the operation expenses and feed their own members fat fat... So maybe in early Feb they already know the terrible QR from their Finance Dept's members, so they quickly sold their share in mid Feb.
The seller said his grandfather kept the stone for 100 years. He said the stone was worth more than a million dollars. The buyer said Cut it open. Oh! Just a Fancy junk stone! The buyer said It was worth 1 million before you cut it open. Your grandfather was trying to teach you a lesson on how everything should be viewed. The seller just dishonored his grandfather in a single cut.
This kind of conmen company, won't recover one la. Even the bwk pariah EN hiding since he is having on going war with the 2 bros. Fb also hilang! What ever projects they have mostly like blow water to get more ppl to invest. This company will soon go into PN17.
Scandals after scandals at the expense of all the investors who are helpless
Following the Revenue Group scandal, it becomes increasingly impoverished, causing the company's share price to fall by more than 30 percent within a month of the crisis at Revenue Group. The drama of abuse of power, MACC arrests two founders brothers of Revenue Group Brian Ng Shih Chiow and Dino Ng Shih Fang who are now defending themselves.
The second scandal was the revelation of the real mastermind, Datuk Eddie Ng Chee Siong, one of the founders of Revenue Group is reported to conspire with the mafia and the enforcers to get rid of the two brothers Brian Ng Shih Chiow and Dino Ng Shih Fang
But more surprisingly, it was Datuk Eddie Ng Chee Siong who was involved in abuse of power and corruption at RGB including forging invoices and giving them to the Malaysian Anti-Corruption Commission (MACC), leading to the arrest of Brian & Dino.
It was also reported of how Eddie and his wife, daughter, son, brother-in-law and the rest of the board of directors have channelled the company's funds outward, resulting in the resignation of two Chief Financial Officers (CFOs) who ultimately refused to abet with them.
Make it short la. So complicated . duo want win , apa pattern also all out la. First day in company politic ?You see how your director fight for win, then you know. Or else how DUO win this EGM and convince everyone they can do property development ?
In facts, try think what is the intention behind the duo doing all this ? Spread news, if the lose, they can do all time keyboard warrior and make REVENUE name busuk. If the win, can take company money do property development. No matter how, is win win for Duo.
KIASU duo brother. Continue see how they pattern. In this world, 人为了钱, 还是真的可以不要脸。 MACC also involved already, duo, still can pattern more than badminton.
No sure how many of you are boss here, Since you are making quarter loss, will you still expand to other business sector that need to lend money which can make your company facing more and more debt. Seriously this two brother only know spread news, don't know how to do business ?
Eddie might not good in IT , but he know what should do in the right time. Quarter report loss , Brian and Dino still spread news? Are they really want to win in EGM or they just treat all of us as patung ? Are they even care about share price of the company ? Honestly, getting disappointed to duo.
The duo do not want to see the company to continue to make loss . Hence they have come out with the bold move to diversify into property development which is a stepping stone for the Company apart from its core E-payment gateway business.
At least the duo has proposed the new venture unlike EN who only knows how to dispose of shares off market ( as some one has pointed out it is cheaper for the buyer to acquire ) but whether the buyer is a " nominee" of EN remains a mystery. EN has probably entered into an agreement with the buyer to sell cheap on the condition to back him during voting at EGM/AGM.
The company has become a show of circus where bunch of jokers and crowns are making mockery of one another where the spectators ( investors ) are certainly not amused by their acts.......
put shoes on the other foot. I guess there are small number of people like me, Ok to be dropped, business will go fine one day, but at least not making trouble , spreading news just to win. I not sure everyone at here is investor or not. just like one of the investor said, we just want our money back. There are so many sector to be involved but why venture to construction. Company already making losses still want venture to a debt heavy sector, The PE also lari la... You think FUND MANAGER buying this stock is for TECH company or a diversify company. Look at those diversify company, who is really doing good. The rate is 3/10.
People who still can spread bad news at this struggle timing, is how nonsense. What investor think is sae, WE JUST WANT OUR MOENY back, SImple as that.
The Forward PE is about -15. It is expected by the Market that the company will continue to make loss in the ranges of RM 14-16m in the upcoming QR. On this basis, the share price is expected to plunge if not stagnant in coming months whether you like it or not ....
Win win for the duo? I don't think so, kena minum kopi by MACC & causing so much trouble for the company, now their name already smelly like rotten fish
MMAG Holdings Berhad, Vortex Consolidated Berhad, Dynaciate Group Bhd, Pesona Metro Holdings Bhd, CSH Alliance Berhad, Hong Seng Consolidated Bhd, G3 Global Berhad Green Packet Berhad Now ...Revenue Group.. EN is clearly losing grip now and desperate to associate with this mafia Group to re-gain control....
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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....
ikatt3pi
36 posts
Posted by ikatt3pi > 2023-03-02 22:44 | Report Abuse
Thanks to the Duo bro lor, greedily jack up the operation expenses and feed their own members fat fat... So maybe in early Feb they already know the terrible QR from their Finance Dept's members, so they quickly sold their share in mid Feb.