Wednesday 8 May 2024

Bursa Malaysia, Green Packet Bhd Are Treating You Like Ass Clowns. What Are You Going To Do About It?

APRIL fools day for this year, has already passed, so this cannot be, one of those instances where a public listed company attempts to pull the leg of a market regulator by putting out a shitty announcement just for the fun of it.

WAHID Omar, the non executive chairman of Bursa Malaysia and Umar Swift, the Australian with a Malaysian PR, Green Packet Bhd have publicly insulted your intelligence.

YOUR own staff, might be laughing behind your backs, dogs might be giggling, while  children just feel sorry for you.

NOW, with more than 50 per cent of the money going into Sri Lanka, guess what Green Packet submitted to Bursa Malaysia? READ : a long tale about the prospects of the Malaysian economy.

NEVERMIND, the fact, if Bursa Malaysia is stupid enough to approve Green Packets proposal, which has clearly disrespected the stock exchange, it also means Green Packet  effectively would end up with a record of issuing 1.398 billion new shares since 2020.

OR perhaps Green Packet Bhd is attempting to prepare the stock exchange in advance for a future discovery that the bulk of its foreign earnings are mere hocus-pocus? 

BUT, let's not speculate on the future and keep out feet rooted on the ground, and examine based on what perimeters Green Packet Bhd wants the RM10 million to invest in the Sri Lanka venture.

INVESTOR alert, in 2019 the president of Sri Lanka was Percy Mahinda Rajapaksa, followed by his brother Nandasena Gotabaya Rajapaksa, until he was forced to resign and run away from Sri Lanka by the people of Sri Lanka on July 14 2022.

BOTH the brothers were READ : found guilty of economic crimes by the Sri Lanka Courts just in November 2023, and here we have Green Packet attempting to use a 2019 contract from Sri Lanka which had never commenced operations to raise as much as RM19 million in 2023.