ONE of you guys is going to be like Bursa Malaysia's version of what Arul Kanda of 1MDB is today.
TO make everybody's job easier, don't waste anymore time lah. hurry up and approve Revenue Group's ten per cent private placement so that they can pay thier staff salaries.
ALSO don't forget to approve READ : Revenue Group's RM36 million purchase of a 51 per cent stake in Innov8tif Holdings Sdn Bhd for RM36 million, an investment holding company that owns Innov8tif Solutions Group and Xendity Sdn Bhd.
APPROVE it , despite the entire proposal has RELATED PARTY written all over it.
DON'T bother about small details such as READ : The Edge Reports, Xendity has only ONE director and his name is Francis Leong Seng Wui, who also is attached to Green Packet and is a substantial shareholder and executive director of Revenue Group
NEVERMIND, the fact, Revenue Group does not have a CEO, does not have an external auditor, who won't be releasing their fourth quarter results, who it needs a private placement where the bulk of the money will go to pay salary, HAS stated clearly it will have to invest more money into the companies they plan to acquire.
WHERE they gonna get the money from? Another dilutive rights issue or maybe the SANTA Clause aka Possibls Drug Ring Mafia can convert for perhaps another RM55 million , the one for one warrants that comes with a 75 sen strike price.
ANY of you bozo's from Bursa Malaysla, who think that Victor Chin Boon Long, will be able to protect you, believe in what you want lah.
BUT as it stands, Victor Chin Boon Long can't even provide cover for Francis Leong Seng Wui to stop yet another ten per cent of Revenue's IT staff from quiiting.
ALSO , the other market makers, are eyeing to take over Victor Chin Boon Long's share of the market making business, as soon as his legal issues kicks off .
INcthe event, as they suspect, the increasingly isolated Victor Chin Boon Long and his tablet selling minion, the shorty Francis Leong Seng Wui, are on their way down, MINUS THE BLAZE OF GLORY!.
