New BOD is already in the composition of RGB , planning for a hostile take-over very soon. The financial resources are expected to be exhausted by the new BOD similar to Caely Holdings Bhd where Five shareholders are now suing the incumbent and ex-directors for breach of directors' fiduciary duties and abuse of power.
The youtubers are crazy to initiate a buy call to capitalise on " the once- in- a- life- time and too- good- to- be- true bargain price " . However, they fail to appreciate there is BOD coup in time to come................
t could be the negligence of the Auditors by not checking properly that the company car was not approved by BOD with resolution. Who was the ED or MD in charge in 2018 when the company car was purchased ? if no resolution, then it is a private car to be registered under individual name. The money used to buy the car is treated as advance to that individual . Whats the problem ?
Biggest joke ever, Duo get sue, En Disposed share... What a joking company.... Some comment even innocent. Will restart, this company no EN and duo, can operate ke ? Gpacket operate ?
Some still so protective to duo even they under MACC.... Pariah Eddie Ng, i agreed but what happened to day starting from PARIAH Brian Ng Shih Chiow & Dino Ng Shih Fang.
Is revenue an empty shell after Eddie Ng leave ? I guess No, because duo is the tech person, while EN is only decision maker.
After EN leave, duo is safe from jailed, then company will chip in property development, Should be something like IoT and Construction, which I don't really like it, Try have a look with Ageson. Iot & construction.
There are only few possibility to start property development, no matter which way , duo still need to use company money.
Duo keep having problem with MACC , A good reputation company will not sub any project to them.
EN leaving revenue is the saddest news for investor. While I still see people is giving so much support to duo, I don't know why , but Good luck to you guys...
Unless you are involving in their discussion, else never judge anyone based on the "news" that you "seen" or "read". We shall control our mouth and hands behavior, don't talk and type like nobody or like hero. Watch out for karma. Comment the stock performance or technical, not personal. Hope you knows what karma is.
Nothing personal but factual. At the end of the day , you need to be judgemental given with the facts surrounding the circumstances. Past performance is the thing of the past and so is the technical analysis. In this dynamic arena, we must be responsive to the every dimension of the facts around you to form your opinion/judgement . We are talking about facts not fake news. How factual is factual depends on the discerning capacities of individual. Some individuals have strong sense of intuition.
Do you really believe the reasons of their resignation? Cant they be compelled to resign to make way for new composition of BOD ? The purpose is to make it harder for the Duo to challenge the removal of the entire BOD. Previously the Duo was planning to remove the entire BOD through EGM but the scenario is different now due to new composition of BOD
Every single move taken by the incumbent at the moment is to quash the planning move of the Duo to topple the incumbent. The legal case brought against the Duo is just to buy time for the incumbent to restructure the management composition and reshuffling to achieve their end.
In the end, the losing are still the investors. Whole company management also conmen. Just resign and all case closed! EN and the two bros should be held accountable!
EN is in loggerhead with the Duo for the critical control and management. EN and Duo are the centres of the attention now but Danny is just a bystander sandwiched between the Daredevil and the Deep Blue Sea.
Captain also abandoned ship? Who is steering the ship that has so many engine problem, leakages and with crew that is trying to sabotage and sink the ship?
Now then the new composition of BOD is made up of Mafia group. Though EN is no longer a substantial shareholder, he could still conclude with the Mafia group to exhaust the resources of the company by transacting with them using his associated companies set up inside and outside Malaysia.
judging from the way it goes, RGB is like an abandoned ship without a rudder and a captain. The worst is that the ship is being hijacked by a gang of bandits ( Mafia ). Basically, RGB is destined to be doomed with no chance of restoring to its pinnacle.
The 3 Ngs also conmen la. One resigned and wash hands. The other two bros up to something no good as well!
Three of this Ngs set up a company just to con money! Goreng the price up with all their fake projects. After few years, start making losses and let the price to drop from rm 2 plus to 0.335.
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....
joyvest
10,090 posts
Posted by joyvest > 2023-03-15 10:32 | Report Abuse
New BOD is already in the composition of RGB , planning for a hostile take-over very soon. The financial resources are expected to be exhausted by the new BOD similar to Caely Holdings Bhd where Five shareholders are now suing the incumbent and ex-directors for breach of directors' fiduciary duties and abuse of power.