WiseGuy inside The Corporate Mafia : Some Girls Are Bigger then Others.

THEY say some girls are bigger than others because some girls mothers are larger than other girls mothers. 

THOSE who know, will understand what I mean, as for the rest, let this be a great mystery. 

ANYWAY,  in a nutshell in the world of Bursa Malaysia and the Securities Commission,  we are all not created nor treated equally .

WHY is that so, remains a great mystery. It could either be ignorance,  incompetence  or down right corruption. 

TAKE for instance, the case of Revenue Group Bhd.  Until today, Bursa Malaysia and the Securities Commission are too chicken to publicly demand to know who are the minority shareholders who converted Revenue Group warrants at a huge premium resulting in close to RM64 million  flowing into the company.

READ ARTIFICAL, because the one for one conversion was done at 75 sen when the mother shares were trading at only 25.5 sen.

BASICALLY, RM64 MILLION accounted for about 56 PER CENT of the total market capitalisation of REVENUE Group, yet officially the controlling shareholder of Revenue Group, Leong Seng Wui only owns less than 6 per cent of the company.

WHAT this means is that, those minorities who did the warrant conversion, could have easily  gained control of the public listed company,  but instead choose to pump in millions of Ringgit and have no say how their money was spent.