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No use ranting here, If you got evidence can feedback to the relevant authorities. Protect your own interest, its your money your voice.
正 所 谓 会 哭 的 小 孩 有 奶 吃 ！ The kid that kowpeh will get to drink milk!
Tomique ( Date: 07-Aug-2013 08:40) Posted:
The big difference between Singapore stock investors and investors from other markets.
An attendance at any AGM will tell you the same old stereotype Singaporean in the street who are not bothered about anything affecting their finances, society and future. As long as they thought they still have their 3 square meals today and tomorrow, just let things be. This is how and why we as a whole are easily cheated if someone has the guts to do it. Shareholders seldom question the board at AGMs or EGMs and just as they used to be timid and obedience and fearful of the limelight or afraid of making mistakes, they will accept anything thrown to them. This " bo charp" attitude has simmered down the spines of the majority, so much so that we die without knowing why.
If the directors are suspected of under-declaring or undervaluing the assets " sold" or " transferred to some linked parties" then they should request full disclosure either via complaints to the authorities.
Just thinking aloud....
Alex22361 ( Date: 06-Aug-2013 23:43) Posted:
Yes, new CEO but yaw still major shareholder. New CEO is just an employee, guess who is still the boss. May b try to change image but who knows.
Problem is Otto had been disposing asset for many time to third undisclosed party and subsequently lease back by otto again. Q1- who is this undisclosed third party? Q2- is the valuation of the assets are disposed at reasonable market price and is it audited? Is the major shareholders related to this undisclosed third party directly or indirectly?
Conclusion is otto is a poor managed company and lack of transperency. But what to do? No one can verify these question :(
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The big difference between Singapore stock investors and investors from other markets.
An attendance at any AGM will tell you the same old stereotype Singaporean in the street who are not bothered about anything affecting their finances, society and future. As long as they thought they still have their 3 square meals today and tomorrow, just let things be. This is how and why we as a whole are easily cheated if someone has the guts to do it. Shareholders seldom question the board at AGMs or EGMs and just as they used to be timid and obedience and fearful of the limelight or afraid of making mistakes, they will accept anything thrown to them. This " bo charp" attitude has simmered down the spines of the majority, so much so that we die without knowing why.
If the directors are suspected of under-declaring or undervaluing the assets " sold" or " transferred to some linked parties" then they should request full disclosure either via complaints to the authorities.
Just thinking aloud....
Alex22361 ( Date: 06-Aug-2013 23:43) Posted:
Yes, new CEO but yaw still major shareholder. New CEO is just an employee, guess who is still the boss. May b try to change image but who knows.
Problem is Otto had been disposing asset for many time to third undisclosed party and subsequently lease back by otto again. Q1- who is this undisclosed third party? Q2- is the valuation of the assets are disposed at reasonable market price and is it audited? Is the major shareholders related to this undisclosed third party directly or indirectly?
Conclusion is otto is a poor managed company and lack of transperency. But what to do? No one can verify these question :(
moneyplant ( Date: 06-Aug-2013 11:22) Posted:
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Yes, new CEO but yaw still major shareholder. New CEO is just an employee, guess who is still the boss. May b try to change image but who knows.
Problem is Otto had been disposing asset for many time to third undisclosed party and subsequently lease back by otto again. Q1- who is this undisclosed third party? Q2- is the valuation of the assets are disposed at reasonable market price and is it audited? Is the major shareholders related to this undisclosed third party directly or indirectly?
Conclusion is otto is a poor managed company and lack of transperency. But what to do? No one can verify these question :(
moneyplant ( Date: 06-Aug-2013 11:22) Posted:
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wah lau... I never see this posting now still holding price break 0.05... what to do?
wahh break 0.05. Told you all retailer to get out, don't believe. Rather use the money to buy good fundamental company with good dividend payout.
Change Interim CEOAs part of the Companys succession planning, Mr. Yaw is stepping down as Group Chief Executive Officer and remaining as the Executive Chairman. 50 year old Yaw change to 40 year old GarrickSource
ANNOUNCEMENT OF CESSATION AS GROUP CHIEF EXECUTIVE OFFICERANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER jomini ( Date: 06-Aug-2013 10:56) Posted:
up or down?
moneyplant ( Date: 06-Aug-2013 10:02) Posted:
| Something is brewing heavy volume gaining momentum Watch out |
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up or down?
moneyplant ( Date: 06-Aug-2013 10:02) Posted:
Something is brewing heavy volume gaining momentum Watch out!
T2LE56 ( Date: 05-Aug-2013 11:41) Posted:
But truly it happened. Now it is crystal clear ... it is history. I am shocked and cannot understand how it can happen like that ??? If it is muddy water we can understand but if it is within ... crazy ???
No wonder someone quote " Entire water of the sea can't sink a ship unless it gets inside the ship ... "
Alas, this ship is going to sink .... should have heeded the comment " " unethic, senseless management, .... " sigh. Grow company .... ripping shareholders' money .... quicker and faster.
Anyway thanks for your postings too late already. Sayonara .... no more comments 再 见  |
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Something is brewing heavy volume gaining momentum Watch out!
T2LE56 ( Date: 05-Aug-2013 11:41) Posted:
But truly it happened. Now it is crystal clear ... it is history. I am shocked and cannot understand how it can happen like that ??? If it is muddy water we can understand but if it is within ... crazy ???
No wonder someone quote " Entire water of the sea can't sink a ship unless it gets inside the ship ... "
Alas, this ship is going to sink .... should have heeded the comment " " unethic, senseless management, .... " sigh. Grow company .... ripping shareholders' money .... quicker and faster.
Anyway thanks for your postings too late already. Sayonara .... no more comments 再 见
T2LE56 ( Date: 04-Aug-2013 15:51) Posted:
| Alex22361, you ain't guessing ... from all your comments, you knew what they were trying to do. My goodness ... how can this be .... innocent retail investors are being ripped off. No wonder many were totally disgusted by the rights issue. |
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But truly it happened. Now it is crystal clear ... it is history. I am shocked and cannot understand how it can happen like that ??? If it is muddy water we can understand but if it is within ... crazy ???
No wonder someone quote " Entire water of the sea can't sink a ship unless it gets inside the ship ... "
Alas, this ship is going to sink .... should have heeded the comment " " unethic, senseless management, .... " sigh. Grow company .... ripping shareholders' money .... quicker and faster.
Anyway thanks for your postings too late already. Sayonara .... no more comments 再 见
T2LE56 ( Date: 04-Aug-2013 15:51) Posted:
Alex22361, you ain't guessing ... from all your comments, you knew what they were trying to do. My goodness ... how can this be .... innocent retail investors are being ripped off. No wonder many were totally disgusted by the rights issue.
Alex22361 ( Date: 17-Jul-2013 22:47) Posted:
| I m just guessing the directors intention, looks like they are punching down the shares and make most people will not participate in the rights issue and they could buy all unsubscribe rights at cheap price at $0.05, likely that they might end up pushing the price down further before they announce to privatize the company since they are controlling big percentage of the shares already. |
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T2LE56,
I m not sure abt ur comments on " me knowing what they were trying to do" . Firstly, i m also one of the innocent small investor that got caught at high price and got no choice but to hold the share till today. So, i m really just do a logical guessing what r the directors are trying to do in the worse case scenario. Secondly, a background search on the owner cannot be too difficult, especially person that is in high profile, just need to do ur home work by spending some times to google around. My point of view is that even if the owner is loaded of gold, it doesnt mean he will save the company like someone commented in the earlier post, that is why i did my search on the CEO background. Anyway, good luck guys.
Alex22361, you ain't guessing ... from all your comments, you knew what they were trying to do. My goodness ... how can this be .... innocent retail investors are being ripped off. No wonder many were totally disgusted by the rights issue.
Alex22361 ( Date: 17-Jul-2013 22:47) Posted:
| I m just guessing the directors intention, looks like they are punching down the shares and make most people will not participate in the rights issue and they could buy all unsubscribe rights at cheap price at $0.05, likely that they might end up pushing the price down further before they announce to privatize the company since they are controlling big percentage of the shares already. |
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Gosh Alex22361 if only you have posted the link
much earlier and properly, … definitely drop this BB from the start. I am
appalled at the senseless, unethical doing.
http://www.sarawakreport.org/2010/09/samling-at-epicentre-of-sub-prime-crash/
From environmental devastation in
Sarawak to economic devastation in the US
The company has been notorious for its ruthless and unsustainable practices in Sarawak, as detailed by the Norwegian government report. Licensed by Taib, it has ripped out vast tracts of the world’s most ancient rainforest, leaving the indigenous people with little or no compensation. These forced acquisitions of Native Customary Rights Lands have recently been ruled illegal by the Federal Court, but neither the company nor the Chief Minister Taib Mahmud have chosen to notice.
'Unethical' and over in the US
We can now further reveal that CSY Investments formed just part of a multi-million dollar web of Yaw-owned companies in the United States, primarily involved in property development. These companies were subsidiaries and affiliates of SunChase Holdings Inc, a California registered company incorporated in 1988 by Chee Siew Yaw, a son of the Samling boss.Sunchase specialise in 'Master-Planned Communities' created from 'distressed real estate assets'
Alex22361 ( Date: 29-Jul-2013 11:31) Posted:
http://www.sarawakreport.org/2010/09/samling-at-epicentre-of-sub-prime-crash/
moneyplant ( Date: 26-Jul-2013 10:15) Posted:
Trick question? Forbes provides you with the answer.
http://www.forbes.com/lists/2011/79/singapore-billionaires-11_Yaw-Chee-Siew_WX0Y.html
Shares of his Singapore-listed Otto Marine, which he chairs, nearly halved amid weak earnings and a canceled order. Also owns stake in Sihayo Gold. Chairs Perdana Parkcity, a Kuala Lumpur condo developer that is part of logging group Samling, owned by his father, Yaw Teck Seng, and brother Chee Ming, both among Malaysia's richest. |
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moneyplant, i keep pondering about what you said " inconclusive evidence" at the same time if you think they [SEC] will investigate ....
in the first place if there is a sign or smoke isn't it good enough for SEC to pry into the matter ??? furthermore i understand so many small investors are affected. alex22361 said " ripping off smaller investors" how big a whistle is needed before they decide to act ??? curious
you said " if you think" .... i would rather rephrase it as " don't you think" the recent spate of happenings in the governing bodies warrant the committee to be more vigilant .....
how much of a cry before they look into any case ??? looking back at all the comments, are they not whistle blowers ???if ser jing chong wrote an article about " three shares [vard holdings, otto marine, manhatten resources] that have lost more than 40%" , i'm sure it must be alarming. moneyplant, can you tell me, is this not good enough ???
moneyplant ( Date: 01-Aug-2013 10:54) Posted:
You might want to whistle blow to SEC with your " inconclusive evidence" at the same time if you think they will investigate then you can sell short to profit from the potential event created by you.
UPRR18 ( Date: 01-Aug-2013 10:38) Posted:
| from the results of the right issue, it seems to me alex22361 maybe correct. tracking back there were comments that they are not honourable |
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Might Co sell away? Or someone might buy co in cheap price? Possible?
i hope some veterans can explain, i am curious ... before the otto rights issue so many new subsidiary companies were formed. is this the norm??? if sec is the regulatory body ... i thought they should be paying more attention to companies that request to issue rights afterall they approved them. after they approved, don't they have to make sure that the exercise is carried out in utmost good faith. just thinking aloud .... i was reading some of the past comments interestingly someone said they will move to malaysia after that ... wow can this happen ???
you seem very certain in most of your comment .... let's see what happen tomorrow ....
moneyplant ( Date: 25-Jul-2013 10:57) Posted:
Trading of rights remove, smell something coming leading up to Aug 2nd. Good Luck! |
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strange you sounded like one of them ... i merely said " it seems to me alex22361 maybe correct" and you reacted or should i say defended so vehemently and ask me to be the whistle blower. sound very strange 做 贼 心 虚 feeling. the rights were not fully subscribed and the share price was equal to the rights' price why would people subscribe for the excess rights. that's why i said, it does not make sense unless what alex22361 said is correct .... i am being logical. Also, someone commented that more than halves it owned by them ... oh yes it was you, moneyplant who said.
who will stand to gain if the price of otto share plunged ..... and who subscribe for the excess rights ??? why are you so certain something is going to happen on the 2 aug ??? ... suddenly the price gain traction ??? interesting. what do you think .....
moneyplant, you either can't read or lack understanding. it was raised by alex22361 on 1 aug 2013. don't worry about whistle blower, heard they are " smelly leg" some of the creditors are still very sore and unhappy. one note from SEC and you see what will happen. understand recently there are some reports about companies whose share dropped more than 40% (otto is one of them) what happen to geophysical subsidiary of otto ?
You might want to whistle blow to SEC with your " inconclusive evidence" at the same time if you think they will investigate then you can sell short to profit from the potential event created by you.
UPRR18 ( Date: 01-Aug-2013 10:38) Posted:
from the results of the right issue, it seems to me alex22361 maybe correct. tracking back there were comments that they are not honourable.
Alex22361 ( Date: 18-Jul-2013 06:01) Posted:
| Bad management, they are rippIng off smaller investors, wondering if SEC will investigate otto's management or not |
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from the results of the right issue, it seems to me alex22361 maybe correct. tracking back there were comments that they are not honourable.
Alex22361 ( Date: 18-Jul-2013 06:01) Posted:
| Bad management, they are rippIng off smaller investors, wondering if SEC will investigate otto's management or not |
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