WiseGuy inside The Corporate Mafia : Revenue Group 2.0

SO  there was no angel investor in the form of TATA Group to save Globetronics Bhd, just like i said so in READ : Revenue Group 2.0 .

NOW how about the statement, that Globetronics just like Revenue Group is actually out of money?

ACCORDING  to the Edge READ : The RM45.05 million acquisition represents over one-third of Globetronics’ RM127.16 million cash pile as at end-March 2025. The group remains debt-free..

NOW, on July 10th, Globetronics  also bought VIEW: 4.89 of MMAG Bhd for RM15 million.

SO RM45 million plus RM15 million  , comes up to RM60 million minus  RM127.16 cash in hand , the balance is RM67.16 million. 

NOW if you take into account,  VIEW : Globetronics other receivables of RM72.4 million, you will see, Globetronics has been raped of all its cash,  and is actually now in a net debt position of  RM5.24 million. 

THIS of course is a small amount, but going forward expect the hole to get much larger, warranting a fresh script exercise.