Monday 22 January 2024

The Pirates Of Bursa Malaysia : Must Bank Negara step in AGAIN and do Bursa Malaysia and the Securities Commission's job?

THE margin question of the day is , must Bank Negara Malaysia step in AGAIN and take over the job function of Bursa Malaysia and the Securities Commission?

WHAT do I mean by step in AGAIN? Well Bursa Malaysia, under Wahid Omar, READ : the guy who told 20 over odd million Malaysian in 2015, that the 1MDB case will be resolved in TWO MONTHS, seemed to think that the exchange's main fuction is that of a POSTMAN.

WHICH is why there was no objection from the exchange when Green Packet Bhd READ : informed the exchange , the company can book a RM13 million gain if it sold it's off shore bank to WKJ Capital


ONLY because Bank Negara stepped in, did the deal get killed or how about the Securities Commission's in action , when Quantum Metal VIEW :was happily using the Securities Commission in its marketing tool kit.

YET again, Bank Negara Malaysia VIEW: had to step in and save the day.

NOW those keenly tuned to the stock market, I reckon already know the following READ :that the Widad Group, owners shares are being foresold by banks because he didnt top up on his margins.


SO the question here is, since everyone who trades know that you need to pay cash up front to buy WIDAD Group shares, who on earth is paying all these cash VIEW : to propel the Widad Group into the most traded share in the entire stock market.

ARE they the same group of people who has a nice little office at MENARA BANGKOK BANK massaging two other stocks that has the name SARAWAK written on it?

AND the same goes to Francis Leong Seng Wui's shareholding in Revenue Group Bhd,  READ : which is almost 70 per cent down from his purchase price with Kenanga left holding the baby.

IF the Securities Commission and Bursa Malaysia officials don't step up and shape up now, are they only going to do it when READ : Tun Dr Mahathir starts throwing everyone under the bus ?