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RM89m spent on a plantation that apparently couldn't even generate the expected returns. Really makes you wonder how the previous management justified this acquisition in the first place
That RM89m plantation flop is a major red flag, really makes you question if management even knows what they are doing or if they just anyhow throw shareholders' money away.
The movement of 35m shares to a company linked to a then-director is quite concerning lah. Shareholders deserve to know the actual terms behind the transaction
Don't be too quick to buy into that corporate story because this shuffle could just be a desperate attempt to distract from their track record of poor returns and persistent losses.
With so much corporate drama and history of share price volatility, I really don’t see how they can reliably deliver value for shareholders anytime soon.
The price action is all noise and no substance, so I rather stay far away until they prove they can actually make money instead of just creating drama.
Don't be fooled by the hype because until they show real earnings instead of just empty announcements, it's safer to keep your money far away from this mess.
