Revenue Group Bhd : In the line of fire, from a storm of its own doing, clipping the wings of up to 60 million shares.

MALAYSIA'S most popular investor chat site i3investor is on fire,  with its readership spewing raw blud fire.

THE chain of events, unfolding in real time, could be highly embarrassing to the so called largest independent merchant bank, which has up to 60 million  camouflaged Revenue Group Bhd shares that badly needs a home.

GETTING home though is stymied with the risk of exposing how ethics, fair play and sustainability  were rubbished by investment bankers via financing mechanism for the notorious corporate mafia.

HERE in swanky Jalan Tun Razak, the big elephant in the room, is one of how the investment banker complied with the Environmental,  Social and Governance plan of action with merely their pen, keyboard and lips.

INVESTORS are demanding that fair play in the market place a cornerstone of the Environmental, Social and  Governance mantra to be restored as well as seen to be restored.

DEFIANTLY unpleasant news for the likes of Francis Leong Seng Wui and his one time brother in arms Eddie Ng Chee Siong as well as the dark forces inside the money market regulators who are holding the nation's  equity market at ransom of being bastardised by fund managers as the false market  epicentre of South East Asia.

i3INVESTOR, user and readership are a mixture of  those on the retail side,  who punt, research, analyse stocks , as well as important  market makers in  brilliant disguises. 

YOU can VIEW : the Revenue Group landing page on the I3investor site, and read the overly negative sentiment on Revenue Group.

DILIGENT  investors  are echoin unsolicited  price expectation of 4 sen a share for Revenue Group going forward, on the pretext that the company has life span of a mere six months,  before ALL HELL BREAKS LOOSE.

AT four sen a share, Revenue Group Bhd looks mighty expensive  considering the machine learning and artificial intelligence  expertise employed by Wallet Investor VIEW : which monitors the stock every five minutes, during the entire trading session, says Revenue Group Bhd is worth not more than ONE SEN

PAS In The Arms of The Original Sin.

HUBRIS  will bring down PAS, as the Islamic party  strays deeper into the original sin valley, infamous for its epic Greek sad stories.

IF you do not know, the original sin even before mankind existed was pride. Yup that old devil, who instigated Satan to rebel.

PRIDE comes before the fall, and if there are truthfull science to back it up, then PAS best be packing its bags for long. and loney walk in the park.

ISMAIL Sabri, Hishamuddin Hussein Onn, should carefully look on how PAS Is treating Bersatu these days. READ : NO more We. Its all about me, myself and I as PAS declares in public., boisterously that the party is the Apex King Maker in Msian politics.

MUHYIDDIN  Yassin and Bersatu are  treated like a freak show, by PAS, who no longer talk up about the power of Perikatan Nasional, but rather its all about how great PAS has become.

AND as king maker, PAS has now stake in advance the claim that in Annuar Musa's Muafakat Nasional, READ : PAS is top dog!!!

China lives up to the Nearly Man Moniker

I  am not surprised that READ : China has now listed waters close to Sabah and Sarawak as belonging to the communist state.

WHY am I not surprised? Well because as far back as August 1 2021, I had already identified China, as repeating what it has always done,  that being READ : The Nearly Man of Global Domination, by falling at the very last hurdle. Chins could have been the world's superpower between 1500 to 1820, as they had the strongest GDP back then, but some how messed it up by destroying their own naval fleet.

THE individual most responsible for messing up China's now water under the bridge window of opportunity,  is none of then it's current strong man President Xi Jinping.

XI,  had one of the best role models to keep taking China forward ,namely the  very under rated in China but extremely capable  Deng Xiaoping, who by choice opted for collective reasoning and a free economy.

INSTEAD, XI had opted to concentrate power on himself and follow the footsteps of the highly erratic and brutally unpredictable Mao Zedong.

ON November 2021, Michael Beckley, an advisor to the U.S. Intelligence Community and U.S. Department of Defense,  basically stated that China is a declining power and READ : China knows that Indonesia, India and Japan will too strong for the Middle Kingdom going forward, so it might use the current window of opportunity to get as much territory as it can.

TO put it bluntly, READ : The Chinese Century Is Already Over,  and with that as the US Admiral Philip Davidson said in 2021, China will stir trouble by as early or before 2027.

ECONOMY wise, internally China is in a very bad place READ : China’s cash-strapped local governments unable to pay workers on time, as READ : Local government debt reached 92 trillion yuan ($12.8 trillion), or 76% of economic output in 2022, up from 62.2% in 2019.

WITH regards to Malaysia, where is it you think the communist are delirious in poking their noses? Well it is a place which Xi Jinping had wanted to visit sometime in 2014, but the plan had cold water thrown under its head.

SABAH's strategic geographic location makes it a gateway to the ASEAN markets adding that the state is easily accessible by air, sea and land, and is positioned at the intersection of the Asia-Pacific region and the Middle East.  READ : Just 7 days ago, China's special consul to Sabah says that many opportunities for Sabah under China's BRI plan.

ONE way we can keep Sabah out of reach from the communist hands, is by allowing the US Navy  to have officially a small advisory in the development of the Sabah's coastal line and see routes.

CHINA will definitely not like it, but then again it is not Malaysia who started this fire. China started it, therefore it is only prudent for Malaysia to get some INSURANCE. 

Muhyiddin Yassin ; No Comment !!!!

EIGHTEEN  days ago,  the Prime Minister's daughter said READ ; Improve communication, to counter the Perikatan Nasional narrative.

THAT was 18 days ago, but if one were to look back a bit further to  say 23 days ago, READ : Muhyiddin refuses to comment on son-in-law's status wanted by MACC, you will notice that Parti Keadilan Rakyat is too obsessed with Tik Tok that it is neglecting the very basic tactics and strategy.

OVER the past 23 days, how many times have  Muhyiddin Yassin or the Perikatan Nasional  been asked if they know where is Muhyiddin Yassin's son in law now?  

MUHYIDDIN Yassin has every right not to comment of his son in law's case, potent and damaging enough,to be placed on a global search via the Interpol Red Notice Alert.

SINCE, Muhyiddin  Yassin is a public official, the public has the right to know if he or hid daughter know in which country, Muhammad Adlan Berhan is now residing in, especially since Adlan himself claims READ : he is neither hiding nor have he run away from the MACC.

WHAT is JKOM and the impotent strike force doing, when they should be haressingthe PN leadership on a daily basis on this matter. ONLY if your reporters focus on demanding answers, everytime the Perikatan Nasional leadership come out in the open, only then it can become big news, that is sensational and has the publics attention.

LIKEWISE, how come none of the PM's official media team, haven't harresed the PN leadership and Muhyiddin Yassin on the oddity of Muhyiddin Yassin going against a previous cabinet decision to extend Bernas concession for another ten years and then get a RM195 million donation from Syed Mokthar some 76 days latter.

THIS is Perikatan Nasional's achilles heel, so put out lah Tik Tok testimonial videos from Malay paddy farmers DAILY that they feel betrayed by the entire deal.

AND then demand answers from Perikatan Nasional's starboy, the plump dark boy from Kedah. Muhd Sanusi Md Nor of what exactly does he mean by READ : Segala sudut dalam industri padi, daripada input benih, baja, racun, mesin dalam proses penanaman sehinggalah kepada pemasaran, pengilangan, dan pengurusan skim bantuan.

BY the way, I like Sanusi as he is a people's person but  if you read his statement, without saying it, he has implied that Bernas and Nafas are up to their noses  in the scheme of things,  to suck the blood from the farmers vein.

AND where is the daily pressure and with that news flow on Hamzah Zainuddin that he, being a former Home Minister who has openly admitted to be in possession of top level information,  READ : had threatened, Intimidated and attempted to shame the Royal Malaysian Police by stating, Polis ikut kehendak DAP jika undi parti selain PN.

NO where in sight. Having a light weight like iswardy morni as the focal point of  attack, obviously will get you the results,  that the Unity Government  has been getting.

MUHYIDDIN Yassin and Perikatan Nasional is now there for the taking. Anwar Ibrahim, who is perhaps Malaysia's best orator, didn't get there by just knowing how to speak.

THERE is an ace PR strategist inside the Prime Minister, who should demand that J Com and the impotent strike force be retrained on guerrilla marketing, sniper marketing, aerial bombing marketing and street by street infrantary marketing techniques. 

PERIKATAN Nasional is there for the taking, can already smell the blood from a mile away, unless of course you are JKOM and the IMPOTENT  strike force, who have foolishly jumped into a hole out of  awe and obsession with the communication  medium ie tik tok/twitter and so on.

FOCUS on strategy,  discipline,  daily national pressure, uncomfortable questions from the press daily which eventually will result in some Perikatan Nasional leaders losing their heads.

BASICALLY,  it's like the team Frank Rijkaard build in Barcelona, relentless pressure until the opposite side breaks down, which in turn will draw the crowds to you side of the park.

WHEN it happens, then nature will take its course and present you with your very own  Xavi Hernandez, Andre's Iniesta and Lionel Messi

Revenue Group lost RM3.50 for every ringgit of cash used over the past 12 months, while Hong Seng have almost no money left

GIVE or take there is another 195 ðays to go before the muslim holy month of Ramadan kicks in, but Awang Adek and Wahid Omar's inteligence is surely being tested by the Corporate Mafia. 

AWANG  Adek is a former  Malaysian Ambassador  to the USA, a former deputy Finance Minister, who for a short while , was seen as the next Anwar Ibrahim in UMNO, while Wahid Omar was a former top banker,  but Hong Seng Consolidated and Revenue Group are treating the duo like Krusty The Clown.

KRUSTY the Clown is a recurring character on the animated television series The Simpsons, which by the looks of it, has a better standing than the chairman of the Securities Commission and the chairman of Bursa Malaysia.

NO folks, I am not being mean, nor do I wish to be kind, especially  when you consider the following.  READ : Revenue Group says Innov8tif is a subsidiary company and that it contributed RM1.75 to the Group's turnover.

IF you recall both Hong Seng and Revenue Group had both made statements  to the stock exchange on intentions to trade on Innov8tif amongst  themselves, yet until yesterday, there were no statement to the exchange that the deal had been completed.  

WHY is this so ? Why are minority shareholders being short changed in this manner.Both Bursa Malaysia and Securities Commission should put their foot down on this matter.

TALKING about being short changed,  how about this one. Revenue Group under Francis Leong Seng Wui  for the 12 months just ended , lost RM3.50 for every RM1 of cash the company had spend.

AT the start of financial year, REVENUE  Group had RM82.52 million cash and if you add the RM62.59 million the company received by a warrant conversion thar makes no economic sense, its total cash should come up to RM145.11.

UNFORTUNATELY,  Revenue Group is now only left with RM21 million, but it has a borrowing of about RM40 million, which basically means theoretically  the company has a negative bank balance.

And also for the final quarter, for every RM 1 in turnover brought into the company,Revenue was losing about 55 sen. 

HONG Seng Group is no better. Eventhouh on paper it still has RM37.59 million cash, it still hasn't paid Innov8tif Consortium Sdn. Bhd some RM24.41 million,  which means it's real cash position is merely RM13.8 million from RM74.18 million before.  

BANK borrowings  meanwhile stood at RM11.36 million.   

SIMILAR to Revenue Group all the the cash has been taken out of the company. Combined from their peak valuation within the past 24 months, their market capitalisation  have lost close to a stunning RM7 billion

 

WiseGuy Inside The Corporate Mafia : Khairy Jamaluddin, Don't Tell Me, You're the Devil's Child.

KHAIRY Jamaluddin who is a known friend of the key people inside the Corporate  Mafia,  it seems is trying to build a back door for corruption to thrive in Anwar Ibrahim's Malaysia Madani.

IN his podcast with failed corporate figure, Sharil Hamdan, Khairy Jamaluddin seems to suggest that the anti corruption narrative of Anwar Ibrahim VIEW : had gone overboard, resulting civil servants supporting Perikatan Nasional.

IF you are wondering who Sharil Hamdan is, well wonder no more. READ : Sharil Hamdan is one of the guys who suggested Muhyiddin Yassin print money during the Covid lockdown period and give it to the people.

AS for Khairy Jamaluddin READ : he has an Oxford Degree, but it means nothing without integrity, principles, and transparency.

I believe the Prime Minister has made it very clear that he is willing to be booted out by voters in a General Election because of his anti corruption drive but at the same time, he is prepared to give the rank and file READ : a clean slate if they do away with their old ways.

COMING back to the Corporate Mafia, does anyone really believe if the racketeering bunch, could have survived without the tact approval from the very high ups inside the guardians of our Capital Markets.

THE Environmental, Social, Governance  platform definitely does not have a popular podcast like Khairy Jamaluddin and Sharil Hamdan have, but they have a much bigger stick then the duo put together.

JUST  look at what ESG has done to Hong Seng Consolidated,  which has been the epicentre of all the Corporate Mafia's activities. 

SOME 23 months ago. READ : Hong Seng Consolidated Bhd had a market capitalisation of RM5.33 billion, but today its market capitalisation is only valued at RM229.879 million.

BASICALLY,  Hong Seng has lost more than RM5 billion of its value in just 23 months, and if you add the other victims of the Corporate Mafia, such as Classita Bhd and Revenue Group Bhd,  the Mafia Group is responsible for about RM10 billion real value loss.

LET'S just put this RM10 billion in perspective. It comes out to about 2.57 per cent of Malaysia's RM388.1 billion budget for 2023 .

SO imagine if Anwar Ibrahim merely wants to win people's hearts by saying and doing  the things they want him to do, instead of the things he has promised us over 3 decades that he will do. WHAT will happen to Malaysia???,

I said it, and now Malaysia Kini reports that the Attorney General actually did it.

APPROXIMATELY nine days ago, I had written in a very clear and precise manner that READ : A very BIG HEAD, will roll over the next 14 days, thought officially the word would be,...

WELL it didn't need 14 days, for the big head to be chopped off the block, although officially MalaysiaKini now reports : AG on leave pending retirement.

WHAT all this means is, the Johnny Come Lately of power politics , the fabled number ten of Malaysia is about to show Malaysia that he has the will, ability, know how and most of all that fire in the belly to be the last man standing in Tun Mahathir's life time.

MUHYIDDIN Yassin's people should also stand up straight and  take notice that their time is UP specifically on the Corporate Secrets report that : the Desaru project is the next in line with a non kaotimable chop stamped on it.

AS for the likes of Kenneth Vun Yun Liun,  Victor Chin Boon Long, Francis Leong Seng Wui  dan rakan rakan,  all I can say is Welcome To The Pleasure Dome, we are not far away from a home run!!!

Who is the secretive head of the Padi Cartel ?

DEPENDING on which politician you talk to, the paddy cartel is either a myth, or a very oiled organised racketeering group, who have fixed paddy farmers to a life of poverty.

RACKETEERING is a type of organized crime in which the persons set up a coercive, fraudulent, extortionary, or otherwise illegal coordinated scheme.

KEDAH Menteri Besar, Muhammad Sanusi Md Nor in an open letter to Prime Minister Anwar Ibrahim describes the paddy cartel as having a  hold READ : Dari benih subsidi padi sampai ke timbangan dan potong basah di kilang, dari traktor, jetuai hinggalah kepada lori, dari input baja, racun, kuota benih dan variety, dari parit gila hingga ke MAFI, dari PPK hingga ke NAFAS, semuanya berada dalam mulut naga.

THE Nasional Farmers Association  or NAFAS which is a government organisation since 2021 is headed by Zamri Yaakob, who is ex Prime Minister' Ismail Sabri's brother. 

A year before that READ : Nafas was appointed as the sole distributor for the Certified Paddy Seed Incentive programme, meaning paddy farmers whi want to be part of the government  paddy subsidy scheme must get the paddy seeds from NAFAS.

SUPPORT on the existence of a secretive paddy cartel,  comes from no other than Prime Minister Anwar Ibrahim, who as opposition  leader of the Pakatan Harapan pact identified Bernas, a unit owned by tycoon Syed Mokthar Al Bukhary as part of the cartel.  READ : Anwar Ibrahim to Ismail Sabri, buat apa jadi Perdana Menteri tapi BACUL!!!

UNTIL today, the Muhyiddin Yassin and Ismail Sabri tag team Prime Ministership have never explained on why it reversed a Government approved plan to liberalise the import of rice.

MUHYIDDIN Yassin reversed this plan during the bitter lock down period when Parliament was suspended by extending Bernas concession for another ten years, and READ : 76 days latter, purely out of the goodness of his heart, Syed Mokthar donated RM195 million to Bersatu.

AND then READ : Semua orang tahu apa yang sedang terjadi dalam sektor padi, orang pekak dan buta saja yang tak dapat lihat dan dengar apa yang saya cakap

PERHAPS, the man who should hold a higher responsibility for all this is none other than the man who deliriously want Zahid Hamidi to be ousted as UMNO president, so that support for Anwar Ibrahim can be shifted to Muhyiddin Yassin. 

MEET Ismail Sabri, the ninth Prime Minister of Malaysia, who since 2014 have been giving the paddy farmers a nice song and dance tune with his pro Bernas stance. READ : Syed Mokthar gaining sole control of Bernas is a good deal for Paddy Farmers, says Ismail Sabri, claiming that Syed Mokthar had given him his personal undertaking, thar Bernas would be relisted by 2019

OBVIOUSLY,  those personal undertakings were merely hot air, but now Ismail Sabri is jumping like a women on heat, the moment Anwar Ibrahim wants to free the paddy farmers from a bunch that has been sucking their blood for decades.

LOW Taek Jho DEAD.

MERE days after mutinous Russian soldier of fortune Yevgeny Prigozhin, was murdered in an aeroplane, Malaysia's biggest thief on record, Low Taek Jho. reportedly  is  DEAD.

AS early as May 2023, our nation was frustrated, hurt, angry and shocked READ : that the nation's top fraudster, was secretly under house arrest in Shangai, China despite the middle kingdom denying, sanctuary was provided to the billionaire.

MY own internal sources point on May 2023, the flamboyant playboy was no longer in the scheme of things, having been figuratively stung on the gibbert.

SARAWAK Report READ : can't confirm it, but none the less has typed it out in plain English, with little left for the imagination, claiming Jho Low has been executed.

ACCORDING to the portal, which has very strong pro unity government leaning, China claimed Jho Low's life, not because of the theft and financial deception of the ethnic Chinese from Penang, on Malaysian tax payers money.

RATHER, Jho Low knew too much on how his master, guardian angel turned brute  has been operating, as well as their long term ambition, intentions, aspirations and goals.

APPARENTLY, China which is on course to see its population rapidly age, even before she can get rich, has fault lines beyond its control, baptised as "The Malacca Dilemma’, in 2003 by Hu Jintao, the then president of China.

SOME 80 per cent of China's energy imports pass through the Straits, as well as the only feasible route into Africa.

READ : Absolute Control of the Straits, is in the China DNA, but the communist state would risk a direct confrontation with the USA, which has proven that it will not walk away from a fight.

CHINA, unlike Japan has never taken an equal in a prolonged military campaign, resulting in the communist state being able impose its will.

THE alternate for YELLOW China READ : is to put down US$100 billion cash to cut into Thailand's Kra Canal in order not to be strangled some day in real time in the Mallaca Strairs, named in honour of the Mallaca Sultanate

 

Mat Sabu, burung yang liar jangan dilepaskan; khabar yang mustahil jangan didengarkan!!!

WHAT it means is , just don't jump into conclusions, especially when the end game to it is, the honest working class paddy farmer, most of whom READ : due to poverty have to take an off farm job to survive.

I hope the Minister is aware that in Malaysia, READ : life is bad for the paddy farmers that only 40 per cent of them are full time on the job

MINISTER of  Agriculture and Food Security of Malaysia, Mat Sabu, should have a relook on why farmers may not be spending an extra three hours a day on the farm.

AS  president of Amanah, the hopes of the rural Malay, even among those who may not support the party now is, Mat Sabu will stand up, not budge and be counted that paddy farmers deserve a fair deal, that can only be obtained,by decimating Bernas.

BERNAS, is company owned by Syed Mokthar Al Bukhary, BERSATU's biggest political supporter with a RM195 million cash booster for the political party which has ambitions to unseat Prime Minister via acquiring support of delinquent UMNO, MCA and MIC members of Parliament.

OF course, BERSATU is rich, as it has rich backers and therefore, it aspires to acquire, at the expenses of the people's wish via the ballot box and also the major  Royal houses in the country .

IT is so easy for READ :Mat Sabu to chide farmers to get serious, as if they were an irresponsible bunch.

I don't know from where the minister got sold READ:with the idea that farmers in Kedah, will be able to replicate the output of paddy farmers in Sekinchan.

PLEASE look at the water irrigation  efficency  and infrastructure in Selangor and then look at the half baked system the poorer farmers are forced with.

MAT Sabu, should ask himself, how can paddy farmers be motivated , when they must sell below marker price and not even allowed to plant, grow and profit from mass output of fragrance rice. READ : Bila bab Petani Padi, biasa lah, Muhyiddin Yassin pasti berhati perut.

AND by the way, if the seeds were better, then perhaps it would translate to leas hours in the farm land. READ: 0N record, Mardi slowest among rice producing countries to come up with new variants. mardi has a gene bank of 15,000 , which is embarrassing as India variants per year alone is 12,000.

IT'S obvious if anyone needs to get serious is not the guys doing two jobs, but it is the Ministry's own MARDI, a slow train like NO OTHER.

Daim Zainuddin, Azmin Ali, guess who is next?

WITH Muhyiddin Yassin's son in law now in READ: on Interpol’s Red Notice, and Hamzah Zainuddin's READ :Bank accounts frozen by the MACC,, it should come as a double whammy for Azmin Ali.

AZMIN Ali READ ; who had contemplated retiring in February, must be kicking himself silly now, that the temptation of once again becoming the Menteri Besar of Selangor, did not go on as planned.

BEING an active politician , means Azmin Ali should accept that he too is fair game.

0THERS who should be worried are Nor Mohamed Yakcop, Daim Zainuddin, Halim Saad, Annuar Musa, Robert Tan, and Hishamuddin Hussein Onn. 

WHY should they be worried? Well because those staying in glass homes, shouldn't throw stones at others!

Revenue Group's acquisition targets, Innov8tif is bleeding red ink

LOOKING  at Securemetric Bhd's quarterly report ended March, the are two things which are pretty obvious.

INNOV8TIF is still losing money, and Securemetric cosy of owning 20 per cent of the expanded Innov8tif Group is at a song. READ :Securemetric buys 20 per cent or 112500, ordinary shares in Innov8tif for RM112500

THE 20 per cent stake brought in a loss of 89,000 for Securemetric.  Revenue  Group meanwhile wants to READ; buy 51 per cent stake in Innov8tif for RM36 million from Hong Seng

HONG seng will make RM5 millio. Profit for selling a company it doesn't want.

DNB tax is not the biggest scam Msian telco's are running.

DIGiCELCOM  must have made Telenor and Permodalan Nasional proud, with their READ: Digital Nasional Bhd Tax on consumers, a tax that do not exist legally.

BECAUSE  its 5G, there are a lot of publicity to pressurec DigiCelcom to stick to the original plan that 5G must be cheaper than 4G.

HOW about the 25 per cent charge maxis and DigiCelcom impose on customers, who use advance top up before paying latter.

FOR, every RM10 credit, RM2.50 is deducted when payment is made. Even license money lenders only charge 18 per cent, or about 4 per cent per annum.

WHY and how come telos are allowed a 25 per cent return for advance pre paid credit is a question the communication Minister should answer.

 

IF the UMNO Youth head is dysfunctional, does it mean the PKR and Amanah Youth heads must also join the wagon.

THERE are just a few more days before Anwar Ibrahim finalises the budget, so what are the Youth Wing of UMNO, PKR and Amanah doing to sway the Prime Minister to win over the 150,000 poor paddy farmers in this country?

150,000 farmers does not include their families and extended families which could top one million voters in rural Malaysia ie Kedah, Perlis, Kelantan and Pahang.

WE know what the UMNO Youth leadership is doing to help Paddy farmers get the best deal possible.  NOTHING.

THEY seem to be pre occupied with minor matters READ : to score an own goal in favour of Bersatu than to help paddy farmers.

BUT that is UMNO Youth's problem but how about you PKR Youth and Amanah Youth?  

YOU buggers want the Malays support but you don't want to raise even a finger to help the 150,000 poor farmers who are overwhelmingly Malays.

AND then you guys sit in Starbucks and wonder why rural Malaysia keeps showing the middle finger to you.

The Star : Sendiri mahu ingat , rambut sendiri mahu sikat

THE Star is reporting now that READ : Unpaid workers, silent sites: Property woes hit Country Garden

HELLO, the Star ; Sendiri mahu ingat , rambut sendiri mahu sikat. 

WITH that spirit in mind, the Star should focus its reporting on Country Garden's RM100 billion worth of projects in Johor, where the China company has yet to give a commitment on what will happen beyond 2025.READ : Country Garden Open To Review its project in Malaysia beyond 2025.

ON August 12, I had written that READ:a looming crisis in Johor is about to burst.

WORD on the ground is properties purchased  for. RM700,000 is now going for RM400,000 in the second hand market as even the rental markets there are poised for a fall down.

WiseGuy Inside The Corporate Mafia : The closer We Get, the Further You Fall

THE Corporate Mafia especially  Francis Leong Seng Wui best be praying hard to the God that he has always praying too, that there is no expansion to the MACC investigation. 

THE  MACC investigation that is being reffered to here is specifically centered on READ : MACC investigating four bank.

MY dear Francis Leong Seng Wui,  you know what will happen to you right when the probe also zeros in on how the people who converted Revenue Group Warrants at ridiculous premiums, are ask to justify the cash purchase when at a personal level, they have so many outstanding loans which they are still paying monthly to the banks.

SO it will not be a question if the conversion of the warrants were a falsemarket or not. It will be a question of pure money laundering 

FOR the record, READ :UNTIL today no one knows, why or who pumped in some RM50 million into Revenue Group via warrant conversation exercise that was 300 per cent more expensive than the buying the mother option

Weaponised Rice

IN a land blatantly made of kiss ups,  I am glad that I am not one of them, so if Anwar Ibrahim wants to win the next General Election,  he has to do two things specifically when it comes to rice.

FIRST and foremost the Prime Minister must realise that his proposal as Finance Minister for  READ: Bernas to share 30 per cent of its profits to rice farmers is only good as a stop gap measure while his proposal as opposition leader  READ: for paddy farmer associations to instead take over the role of Bernas is a down right bad idea.

WHY is it a bad idea? Well what gaurantees do you have that the fat farmers here won't end up sitting on their fat backsides like Bernas to ensure that we are always 30 per cent short of being rice sufficient?

SO how do we over come this issue and at the same time ensure the farmer is not given a raw deal and the country as a whole gain by being rice self sufficient?

SIMPLE, actually, liberalise the rice market and as part of the liberalisation deal ensure that 10 per cent of the importers profits are then placed into a special fund for paddy farmers READ : akin to Norway's Petroleum fund .

USE the money from this Paddy Fund to set milestones for the paddy farmers to meet out put targets, such as 85 per cent rice self sufficiency  by 2025. 

IF they meet the target, then empty Paddy Fund and give the 150,000 paddy farmers their due. And then set a new target for them and since it is a revolving fund,  the government won't have issues paying the farmers if they achieve their fresh targets.

SECOND  understand that rice has always been used in this part of the world as a weapon. READ: In world war two, Japan destroyed China's rice fields before decimating the Chinese people.

ONCE, you understand that and look at how rich Bersatu had become READ : After Syed Mokthar Al Bukhary purely out of the goodness of his heart gave Bersatu a RM195 million donations 76 days after Muhyiddin Yassin extended Bernas concession for another 10 years, do the needful.

TAKEOVER the role of Bernas and NAFAS immediately.  In short do unto Bernas what has been done to READ: Iris Corp Bhd and READ : Pestech Bhd

The Rice Side of the story to bring down Anwar Ibrahim.

RICE is perhaps the lowest hanging fruit from which politicians or political parties can make a monetary killing easily and consistently.

THE rice side of the story is also why Anwar Ibrahim, must be neutralised before he can unveil only his second budget as Prime Minister.

MANY seem to have never really studied why the first Pakatan Harapan Government  was felled, because if they did , then they would have seen it clear as crystal water that READ : things started to go wrong for the first PH Government when cabinet ministers close to Anwar Ibrahim managed to force through intentions to dismantle Bernas

TWENTY one months latter, that Government was no more, and Muhyiddin Yassin became the eight Prime Minister on March 2020, after the first Pakatan Harapan Government  was pushed through over one man made crisis after another.

AND what did Muhyiddin Yassin  do next? Well he agreed  to the extension of Bernas concession for another ten year and READ : 76 days after that Syed Mokthar the owner of Bernas, solely out of the goodness of his heart decided to donate just RM195 million to Bersatu.

TO those who believe that snow white and the 7 dwarfts was a true story and not a fable,  the story gets better, as out of the blue, when Ismail Sabri was the ninth Prime Minister, READ : his brother became the Nafas chairman.

SO what is the role of NAFAS? READ:NAFAS is the sole distributor of government paddy seeds to farmers.

SO how big is the rice importation business of Bernas? I will let the readers imagination run a bit wild here by providing details on how much Bernas made from Sarrawak alone in 2018.  READ : Bernas annual gross profit per year in Sarawak alone is RM104 million.

SO obviously this is a billion ringgit a year gross profit business and guess who wants Anwar Ibrahim to disappear from being rhe Prime Minister of Malaysia immediately?  Muhyiddin Yassin and Ismail Sabri....

What Happened To Revenue Groupl?

REVENUE Group Bhd, which went toe to toe with GHL Bhd in its last full financial year, ending August 2022, looks like a pale shadow of its formerself.

READ: For the year 2022, Revenue Group turnover stood at RM97.7 million while profit was at RM13.44 million

VIEW :GHL profit at RM28 million

AND so is its former chief executive  Eddie Ng Chee Siong, who has gone from a high flyer public listed company's top gun, now stripped bare with only  a pub under his name.

EDDIE Ng Chee Siong is also the pub's number one customer in terms of alcohol consumed,  who is now left with little friends left and interest payments soaring on existing debts.

BEFORE, we check out on what happened to Revenue Group,  those who expect the company to announce its results next week, can stop holding their breathe,  as Revenue had  used some technicalitiea to DELAY THE ANNOUNCEMENT OF ITS FINANCIAL RESULTS.

SO what happened to Revenue Group? How did it go from a cash rich company, with a good profit track record to a loss making entity holding up a beggars bowl in the hope the regulators will approve a private placement so that REVENUE Group,  going forward will no longer DEFAULT on salary.

SO what happened to Revenue Group? Well the failed tablet salesmen  Francis Leong Seng Wui  is what happened to Revenue  Group.

BANKS  have started avoiding doing business with Revenue Group on concerns over READ : too many police reports lodged against Francis Leong Seng Wui on those who fear for their safety.

TO make matters worst Francis Leong Seng Wui  have also started hiring his wife and other family members at high paying jobs at Revenue Group, which has cheesed of his IT staff, leading to mass resignation as protest.

Muhyiddin Yassin Abused !!!

MALAYSIA'S  self proclaimed Abah of the nation seems to have lost his aura of invincibility, as the chairman of Annuar Musa's Negeri Sembilan chapter of Muafakat Nasional  demands that Muhyiddin Yassin takes responsibility for Bersatu's poor showing in Negeri Sembilan.

THE drama, which started in the wee hours of today, comes as no surprise, as even before voters had gone out to vote in the six states  it was widely believed  that Tun Mahathir  and PAS president Abdul Hadi Awang READ :  had prepared in advance a final solution for Muhyiddin Yassin

WHAT came as a surprise though was their weapon of choice to get the word out that Muhyiddin Yassin's the time was up on his little hay in the sun. READ :The man who sells Pill Kuda for a living.

LIGHTWEIGHT Badrul Hisham Shaharin READ: openly faults Muhyiddin Yassin's leadership for Bersatu's failure, should be a wake up call to the UMNO Youth leadership as well as Ismail Sabri that look like complete idiots READ :for wanting to throw away a bird in hand for seemingly two on the bush

Meet the untouchable white elephant of Malaysia

WHY is it a sizeable population of this country are being seemingly accused READ : of not being opposed to corruption?

FINANCE Twitter  adds Conservative Malays are stubborn and gullible for supporting the Muhyiddin Yassin led Perikatan Nasional.

HEAVY stuff from Finance Twitter, which has convinced me that the Conservative Malay, has more common sence than Finance Twitter.

I don't have enough depth nor adequate  knowledge to comment on all the charges that was placed on Muhyiddin Yassin's head, but with regards to the one READ :involving Syed Mokthar donating RM195 million to Bersatu starting from Feb 25 2021, I strongly believe that the charges are flawed.

TAKE a good  look at Lim Guan Eng's corruption case.  READ : where either truthfully or otherwise, there were witnesses who claimed to have passed cash to the Penang CM.

SYMPATHY  for Muhyiddin Yassin because, there is not enough narratives out there to convince us otherwise that Syed Moktharwas  pressured to give Bersatu RM195 million.

DO we have police reports  from Syed Mokthar of  accusing either Bersatu or Muyhiddiin of demanding for a kick back. 

ASSUMiNG whistle blowers were responsible of bring the case to the government and public sources attention,  then why was Syed Mokthar not charged?

IS he a white elephant that cannot be touched or are we being asked to make our self stupid so that we can without a doubt READ : believe that a man who gave Bersatu RM195 million is truly a political

NEVERMIND that 76 days prior to that Muhyiddin Yassin extended Bernas concession for another ten years.  Did tbe RM195 million donation have anything to do with Bersatu president extending the conssesion?

IF there is a link, the government  end Bernas role in paddy farming. And if there is no  such link, Anwar Ibrahim is morally obligated to PH supporters to stop using PN to venture into the agriculture sector.

EITHERWAY,  Bernas MUST GO!

 

WiseGuy Inside The Corporate Mafia : When You Pray For Rain, You Gotta Prepare For The Mud too

UP till the middle of May,  the Corporate Mafia's preceived influence inside the MACC corridors of power was accepted as a fact specifically by ethnic Chinese who were either big traders in the stock market or petrified owners of public listed companies.

THE group had successfully  taken over GreenPacket Bhd, bankrupted its founder Puan Chan Cheong,  had influenced the anti corruption agency to freeze the accounts of Caely Bhd and then hijack the company's cash  and ravaged Revenue Group Bhd's cash, while its original owners were placed under investigation. 

AT 2, Lebuh Wawasan, Putrajaya,  the home to Malsysia's Anti Corruption Agency,  public connotations were well known to the higher ups, who had  prepared a plan of action to take down the Victor Chin Boon Long and Francis Leong Seng Wui's nexus of evil.

THOSE plans though needed the signature of one men, and he said NO, eventhough by May, the business community had wised up that the Corporate Mafia's ties with the top guns at the agency was not as what the Corporate Mafia had everyone thinking.

THEIR rues were exposed READ :the MACC interviewed Halim Saad and Nor Mohammad Yakcop, and the Corporate Mafia. attempted to interview and were given the cold shoulder

WHY no? When You pray for rain, you gotta deal with the mud too, is an old African proverb which means to be a leader, one needs to plan ahead for the potential challenges ahead.

WHAT'S the big deal, in taking down a gang of robbers with neck ties and fancy ex government lawyer?.

TURNS out, the Corporate Mafia's entry into Revenue Group, if the perfect storm were to hit, could tail spin into a full blown economic crisis, severe enough to crack enough holes to bring the Unity Government down.

REVENUE Group is a payment gate way company, twice selected by Forbes Magazine as one of Asia Pacific's top companies under US$1 billion. To make matters, a bit more complicated , apart from GHL, Revenue Group was large enough not to have a rival competitor despite the sector itself READ :having 56 non bank payment gateways.

MALAYSIA payment market size for this year READ: is estimated to be valued at RM182.67 billion.

THE size of the business , Revenue Group was involved in, meanwhile is valued at about RM500 million, but even a destruction at this level, will have ripple effects on the entire payment market,which is about 43 per cent larger than Malaysia's national budget of RM372.3 billion.

TIME therefore was needed to create an entity that could takeover Revenue Group's business's not only in size but also in technology know how.

REVENUE Group Bhd, had become too big to fail and with that arresting the new owners and their hidden backers, would effectively cripple the national economy, as it will have a direct impact on bank transfers,  e wallet payments and how money flows in and out of the country.

UNDER the plan mooted by Lebuh Wawasan, with advice from Bank Negara Malaysia was to aggressively recruit Revenue Group Bhd information technology experts at above market average cost using a unit called Payments Network Malaysia Sdn Bhd, owned by Bank Negara jointly with commercial banks in Malaysia.

THE aim which is still on the works is to create a better version of Reveue Group Bhd  at the earliest time possible so that Victor Chin Boon Long and Francis Leong Seng Wui,  will have their daily cup of tea in Kajang.

The Equaliser

IF last week was Muhyiddin Yassin's READ : redemption time from corruption charges, the next 14 days, must surely belong to the Johnny Come Lately of power politics here, the fabled number ten of Malaysia. 

A very BIG HEAD, will roll over the next 14 days, thought officially the word would be, the guy resigned. 

HOLD on Ismail Sabri, it's not Zahid Hamidi, the Deputy Prime Minister, who must be wondering why is it, only now under Anwar Ibrahim's rule  documents favourable to Najib Razak are making its way to open source.

WHEN you were Prime Minister, you refused to help nor provide the courage for those inside the system to expose the conspiracy by atleast two former Prime Minister's to cage Najib Razak in their sinister scheme of things.

THE end game was for UMNO to filled with weak leaders such as Khairy Jamaluddin,  and Hishamuddin Hussein Onn, who will accept crumps from Bersatu at UMNO's expense.

THAT you and Khairy Jamaluddin are known friends of the destructive Corporate Mafia members, that emerged at the same time Bersatu came into power, must be just coincidence. 

NEVERTHELESS, it says a lot  on why men who can lead such as Najib Razak and Zahid Hamidi are seen as a clear and present danger to the Barisan Nasional GE 15's failed poster boy and selfie boy.

NEITHER however will take the time of day to explain, why should UMNO which has Menteri Besar's in four states, namely Johor, Melaka, Pahang and Negeri Sembilan,  must be made to look inferior to Bersatu, which controls zero states.

WHY would honest men, who say corruption brought UMNO down, want to be identified with Muhyiddin Yassin, who not only has a big money laundering charge looming over his head to deal with but a personal fear that READ : for the first time in three decades, Anwar Ibrahim is not looking to equalise to even the odds, but the number Ten of Malaysia, wants to be the last man standing.

WHAT has all this have to do with the big fish that is about to be in the front pages of every newspaper... well you just have to buy News Straits Times daily to find out, I guess.

Muhyiddin Yassin has been taken for a ride.

MALAYSIA'S eight Prime Minister, the self proclaimed Abah of tbe nation, Muhyiddin Yassin is in a very tight spot. 

PAS has started to treat BERSATU like the Malay version of Gerakan, a  nice partner to have around merely to fill up the numbers, but not worthy to be treated as an equal.

AN exco seat each in Kelantan and Terengganu,  and if media reports are accurate, READ :PAS has cut down Bersatu's representation in Kedah to three from the previous five, choosing instead to reward Gerakan with a place in the EXCO.

PAS president Abdul Hadi Awang seems to have ditched Muhyiddin Yassin for Tun Mahathir, as he READ : Visits Dr Mahathir to brief him on PAS outstanding performance in the recently held elections.

I had previously written that the duo are working on a READ : final solution for Muhyiddin Yassin and Hamzah Zainuddin.

AS it is, BERSATU is not in the drivers seat in any of the states and attempts to stir the honest next in Perak and Sabah looks to have fallen flat on its face.

Ismail Sabri's Tik Tok style narrative of the past, raises questions about the former premier's own competence

JUST days after being accused by the secretive and elusive crime exposing  Telegram site Edisi Siasat for having ulterior motives in pushing for a change in Government, Malaysia's ninth Prime Minister comes out swinging in Utusan Malaysia.

 BARISAN Nasional's poster boy for GE 15, who led the coalition to its worst performance on record, now wants a change in leadership in UMNO and hints that the party's future is with PAS and Bersatu.

THOSE were basically my understanding after reading the former Premier's READ : error filled Tik Tok version of history.

BEFORE i get to the errors, I must say that Ismail Sabri is really a magnomous person considering the way Muhyiddin Yassin had trashed him in the open last year. READ : Muhyiddin Yassin demands for a General Election citing only 18 per cent satisfied with how economy is progressing, blames Ismail Sabri for not being able to manage the economy

SO what's the error in Ismail Sabri's narrative then? Ismail Sabri wrote :  UMNO terpaksa bergantung kepada undi bukan Melayu untuk mencapai kemenangan. Ini sesuatu yang tidak pernah berlaku sebelum ini.

HMM, "Ini sesuatu yang tidak pernah berlaku sebelum ini". HELLO,  Ismail Sabri, were you sleeping is it in 1999, when READ : UMNO's saw support from Malay voters fall from 81 per cent to 54 per cent and had to rely on Chinese voters to save the day

FOR a man who cites the Malayan Union, Ismail Sabri seems to have forgotten what the statesman who led the Malayan Union, Dato Onn Bin Jaafar  told UMNO at the 1951 General Assembly. 

Sekiranya UMNO ini sebenarnya bertujuan dan berkehendak mendirikan negara merdeka di dalam Malaya ini, maka saya berharap juga pihak UMNO ini akan memandang kepada pandangan yang luas, pandangan yang dikatakan nasional atau kebangsaan itu dan jangan semata-mata mengahdapkan pandangannya itu kepada pandangan yang sempit semata-mata, iaitu hidup hanyalah di bawah tempurungnya sendiri dengan tidak menghiraukan iaitu ada lain-lan tempurung yang terletak di sebelahnya”

Ucapan terakhir Dato’ Onn dalam persidangan

Perhimpunan Agung UMNO pada 1951

THOSE who do not learn history are doomed to repeat it...look no further than Ismail Sabri.

Anti Bernas & Anti Syed Mokthar?

A few people have asked me, am I running an anti Syed Mokthar Al Bukhary and anti Bernas campaign?

I must assume that these are the people who have not done their home work on my reporting as a reporter and editor on the Syed Mokthar Group,  even in the days of Abdullah Ahmad Badawi, when TSM as he is known,  wasn't actually the flavour of the day.

SO why all of a sudden this surge against Bernas?  Well the rationale behind it is pure logic. 

PRIOR to the state elections,  I had told a friend of mine people will most likely vote for the party of choice of a business leader whom they do not like who is already invested in the community rather than for a business owner they like, who only plans to invest in the community.

THE reason being, money talks, bullshit walks or to put it in a milder term a bird in hand is much more than  two on the bush.

THATbeing said, we cannot run away from the facts that READ: Syed Mokthar donated RM195 million to Bersatu, making him the single largest funder of the political party.

NOW, how many of the people on the ground ie the paddy farmers and their extended family end up thinking that Syed Mokthar is helping paddy farmers with his own money?

WHEN in  actual fact, all of it are tax payers money, which in essence has given Bersatu's biggest political funder an open road to win the hearts and minds of the paddy farmers at the expense of UMNO and PKR.

ALSO, we have to look at the timeline of this RM195 million donation landing on Bersatu's lap.

IT was done around the time Muhyiddin Yassin conveniently agreed in principle to extend Bernas concession. READ : Ronald kiandee confirms decision to extend Bernas concession was made on November 2020

WHILE the wide spread feeling was at that point was if Anwar Ibrahim was the Prime Minister then, he would not have extended Bernas monopolistic concession. READ : Anwar tells govt not to extend Bernas’ concession in favour of farmers’ associations

IDEALLY,  the government should immediately replace Bernas with a federal agency to do the distribution of incentives but if it insist of using a third party, then use UMNO rather than Bersatu's single largest paymaster.

FAILURE to do so, is akin to an insane person doing all the wrong moves over and over again, with the hope that one day, they desired outcome would manifest itself.

Muhyiddin Yassin Should Come Out And Play

MUHYIDDIN Yassin,  should come out and play, talk a bit more if Perikatan Nasional wants to win the hearts and minds of Middle Malaysia.

BEFORE, I start, let us be clear on one thing. I perhaps am in a minority who feel that despite all the criticism I have showered on his head, Muhyiddin Yassin was a good Prime Minister and Hamzah Zainuddin did very well as Home Minister in adressing the Rohingya problem in our country.

THAT being said, what exactly does Muhyiddin Yassin expect Anwar Ibrahim to do when Perikatan Nasional either directly or indirectly via its agents have painted so much false narratives about Anwar Ibrahim, the Unity Government  to even the history of this country.

I am not privy to what Anwar Ibrahim is doing at this point of time, but if I was in his shoes, I would be doing exactly what Muhyiddin Yassin claims Anwar Ibrahim is doing.  READ : Anwar out to end political career of rivals, says Muhyiddin.

KUDOS to Anwar Ibrahim, because last I checked the guy is not a Prophet, Saint or an Angel.  He is just another male human being like me, Muhyiddin Yassin and every other straight Malaysian Male population.

MUHYIDDIN Yassin,  should not be allowed to have the cake and eat it too. He should open his mouth and tell us what he thinks of Azam Baki too and not merely let loose his READ : lap dogs to hound Azam Baki to resign.

AND why should Azam Baki resign? Because Malaysians feel READ : that he did something wrong in the past.

NOBODY is perfect, everyone does mistakes and we should judge Azam Baki on the job he is doing now,  rather than hang on to the past, which by the way states that he was not guilty of the charges.

IF Azam Baki was not doing his job, I doubt if Bersatu's Youth Wing Armada will be demanding that he resigns.

AS for Muhyiddin Yassin, he has got to admit who started punching below the belt in the first place especially during GE 15 and in the six state elections? 

WAS it Perikatan Nasional? Yes it was. There is nothing fair in love and war . That is the way it has always been and that's the way it will be, especially since it was neither Harapan nor UMNO which started this game of punching below the wasteline!

The Pirates Of Bursa Malaysia : The Corporate Mafia's musical chair

YOU'D know a good thing is coming to an end when money becomes harder to obtain because the value creation side is dipping way towards the negative side .

FOR the likes of Victor Chin Boon Long, who has been described by the mainstream media  READ:  as a component of Malaysia's secretive Corporate Mafia increasing the number of bodyguards, account for almost nothing when you no longer can create value.

TAKE for instance the musical chair being played by this group since the beginning of this year, which was supposed to end with READ : Francis Leong Seng Wui's Revenue Group handing over RM36 million in cash to Hong Seng Consolidated.

THAT obviously hasn't taken place yet despite the deal being announced way back in May 2023, because the regulators are facing internal pressure to scrutinies the deal as a whole.

THE reason behind this is because, the information technology assets being sold by this Mafia group has not brought even RM1 in profits, but on record had already brought real losses totaling READ : RM10.88 million

ADD this to the mess Hong Seng Consolidated  has got itself into financial trouble READ : by purchasing 32.6 per cent of Classita, mainly from Victor Chin Boon Long's wife for RM60.31 million.

WHY financial trouble? Well because in just a matter of a month, Hong Seng on paper have lost RM32.17 million from the investment in Classita.

ALL this in turn is putting a lot of pressure on Francis Leong Seng Wui to complete this musical chair by delivering the above mentioned RM36 million to Hong Seng.

TO do so at this point of time , raise a great risk for Francis Leong Seng Wui because too many eyes are watching and that could only mean ; THE END IS NIGH.