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Yamada Green after consolidation
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fundamentalhero
Veteran |
08-Apr-2019 01:40
Yells: "I NEED HONEYS AND MONIES" |
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The below message is not just for Midas fraud victims but also any and other victims of S-chips and various fraudulent companies.
I hope that fellow victims of S-Chips and various frauds committed by companies listed on SGX can rise up and finally muster some guts and courage to voice out the issues be it through email or any other means however small and tiny effort it may be to get the relevant parties to act on and frankly protect the financial system in a rigorous way and not being the current way it is now. Personally I have sent the following email with regards to Midas fraud case and I hope midas victims do what little struggle you can put up now in face of pure fraud, to speak up and those who are really interested do private message me your contact details so we can arrange a meet up with fellow midas victim group. Hopefully Midas pure fraud case can be the guiding light to all s-chip frauds and bring reprieve and closure to victims in form of getting authorities to act and having conclusive and effective results like clawing back any or every sum of defrauded/siphoned/embezzled monies and re-distributing it to TRUE victims of the fraud (lest those fraudsters b.o.d who continue to hold interests in the company) To: [email protected] < SGX > consumers@mas [email protected] [email protected] [email protected] [email protected] < [email protected]> [email protected] [email protected] Jackson Toh [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Jacqueline WEI (SPF) [email protected] [email protected] [email protected] [email protected] Subject: Re: Ref # SGX-684554-C8L7K6 Re: 麦 达 斯 股 民 请 愿 书 [External] Dear Ministers, Media and Fellow Victims of Midas Fraud Case,
Following SGX' s and Mr. Chan Soo Sen( who have worked tirelessly on this case given the restricted resources and assistance provided) April' s announcement of Midas very possible delisting due to extreme circumstances caused by the by both " CRRC and China' s liquidators (lack of transparency and respect of other sovereign laws) and previous (pure fraud committed)" board of directors, I am appalled at the level of inaction taken by MAS, SGX and CAD, whether it be on the investigations (being that there were no visible nor constructive results/solutions/persecution despite the obvious fraud crime that had happen and also that non of the mentioned agencies have came out to calm victims of this fraud case or to give assistance!)
So Much for the talk of showing appreciation for merdaka generation or pioneer generation!!!
There are many elderly victims who are sufferers of this fraud case who are being " shown appreciation" from the zilch response and non-existent assistance provided by the mentioned agencies!
However, the main reason of this email is to not just make known the high level of inefficiency in MAS,CAD and SIAS ( especially when tackling MIDAS Fraud Case - where there has been very apparent fraud and trails to follow but zero results shown), but actually to demand the relevant agencies, authorities and organisations who are involved/investigating/in-charged-of in MIDAS FRAUD CRIME, to come together to salvage what little reputation remains (through providing direct assistance to victims to seek reprieve) by protecting MIDAS LTD LISTING (thereby repudiating/rejecting any claims and all calls for it to be delist) till there are conclusive results/persecution/remedies (clawing back of assets and monies for the affected victims and effectively denying the rights to the repatriated monies from those who were involved with the fraud - Midas B.O.D)
" In response, Commercial Affairs Department (CAD) and Monetary Authority of Singapore (MAS) and Singapore&rsquo s regulatory unit SGX RegCo issued a joint statement on Monday saying their investigations will continue regardless of the application to wind up Midas."
What good does it do should Midas be wound up and that there be conclusive results?!? By then through the different and various layers of corporate laws and transactions trails, the misappropriated monies will be long absconded and the monies be fully " washed" through the usual money laundering means of placement,layering and integration!!!!
The only beneficiaries by then will only be you guys [MAS, SIAS, SGX and CAD] who will jump out to proclaim " victory" against financial fraud with no basis and reprieve and the ultimately victims of MIDAS FRAUD will not only not be able to see conclusive results from monies clawed back and distributed accordingly to the shareholdings, MIDAS FRAUD VICTIMS will by then SUFFER being EXPLOITED by the above agencies of " their success" with no-real conclusive results!!!!!
From the first discovery of the Fraud, The parties [SGX, Mazars, SIAS and MAS] should have had issued a moratorium/stay on any sort of financial activities by Midas and its Subsidiaries, when for most of the time these agencies boast of their efficiencies and strong reputation and governance!!!!
Yet it was not done DESPITE the huge sums being reportedly misappropriated.
Thus it is not wrong that many investors' opinions (myself included) whose views are that while it was the B.O.D who have had committed the fraud, SGX,Mazars, SIAS and MAS are of equal culpability for the lack of enforcement/regulating despite many prior warnings [Mazaars, SIAS, SGX, CAD and MAS] or the direct and indirect abetting of Midas B.O.D Fraud [SIAS frivolous giving of Midas " Most Transparent Company Awards" (paid or unpaid), Mazars issuance of unqualified opinion of 4 years of audited accounts and SGX approval through non executing of further checks despite having the authority and powers to exercise such checks on raised issues of the accounts as with many S-Chips Fraud (Yamada Green Resources, China Fishery, Sino-Grandness and even NOBLE and ABL SAGA!!)
For the extended amount of time that we have all waited (till the extent one of the elderly victim has passed away [Rest In Peace Francis] without any reprieve of this Fraud Case), the only thing that is visible to all the 15000++ Midas Fraud Victims is the level of Inefficiency of the Government Organisations [MAS, CAD], Semi-Government Organisation {SIAs] and " Private Organisation" [SGX,Mazars LLP, Midas Previous B.O.D]
We (who have been communicating with the relevant agencies for the past 1.5 years ++) are totally disappointed with the level of governance of the various organisations mentioned above where it seems that the stated organisations is not only inefficient in dispensing of their core and fiduciary duties but have also directly/indirectly contributed extensively to Midas Fraud Case Namely [The hired Auditors and Mazars LLP, SIAS and SGX (thereby MAS) along with the " protagonist" Midas B.O.D]
On Behalf of the 15000++ Midas Fraud Victims, I ask and demand that the above agencies/authorities/ministers-in-charge ,(having neither issue a moratorium or the like nor a stay along with mareva injunction against the perpetrators " aka protagonist MIDAS B.O.D" nor the like, which arose from the high level of inefficiencies despite constant proclamation otherwise), that you act to repeal/reject/repudiating all financial claims/delisting notice and procedures and the like to maintain MIDAS LTD listing throughout and till there are conclusive results/persecution/remedies (clawing back of assets and monies for the affected victims and effectively denying the rights to the repatriated monies from those who were involved with the fraud - Midas B.O.D)
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bluekelah
Senior |
20-Jun-2017 12:09
Yells: "lock and loaded..." |
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almost back to 50c liao, ah push lai liao | ||
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bluekelah
Senior |
11-Jun-2017 16:39
Yells: "lock and loaded..." |
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Confirm is something fishy going on. They spent 35million previously on a R& D facility for growing mushrooms and bamboo shoots?? WTF... Now control by Yelowpages aka Sam Goi popiah king. But recently the China boss start to do share buy in from open market. Maybe planning for a big push up in half year time rofl..
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zola99
Member |
11-Jun-2016 20:48
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Is this another con player on sgx ?
Since 2010 they have charged amortisation and depreciation on income statement on their biological assets more than the investment expenditure they have recorded in cash flows. Either they are con players or will make huge profits in near future... can somebody advise |
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Bigbull888
Senior |
19-Nov-2015 23:44
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The new code is BJV. 5 shares for one new share. So if you see share price 4-5 times higher don' t be happy. Just for info. |
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