M K Wong

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Joined Oct 2018

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This user has been posting inappropriate comments recently.
M K Wong replied to comment on GENM.
LKT now control 61%...his finger can object to any proposal for future dividend payout no matter how profitable the company is. Who would want to buy a share that do not give any yearly return? Its like you put money into a bank that don't pay interest... Your money is still there... You can withdraw anytime but you keep it there 5 yrs also they won't give you any interest. Would you still put it there? Or its time to put it somewhere else?
7 hours · translate
M K Wong replied to comment on CAPITALA.
This is a commercial dealing... No such thing as sentimental value and give more to long time shareholder. Only stupid people would expect it...
13 hours · translate
M K Wong replied to comment on CAPITALA.
Lionel... U gwai gwai stay here make money mmm hou meh? Must go so far to spend money... Now only get Tesla... Cannot get X5...padan muka.
Yesterday · translate
M K Wong replied to comment on CAPITALA.
Lionel.... Aiyo... Why u so careless...jaecoo become Tesla...be more careful la...next round X5 hou mou?
Yesterday · translate
M K Wong replied to comment on GENM.
They may not be able to get 75% but with 60% now, they sure can do a lot. 1 single person can now determine NOT to declare any dividend no matter how profit the company is. Assets can be sold to other company for future development, holding Co can charge management fee as a way of profit extraction, etc.
Yesterday · translate
M K Wong replied to comment on GENM.
Keinfoo, there are many ways the holding Co can extract profit from subsi without requiring payment of dividend. Cost transfer, management and consultation fee, etc. All these are legal and reso during EGM or AGM will all depend on just 1 person.
2 days · translate
M K Wong replied to comment on GENM.
Will you put your money into a bank that does not pay you any interest? Your money is still there... You can withdraw anytime.

Gent eps and all ratio will improve in the future. But who would buy any share that won't pay dividend?
2 days · translate
M K Wong replied to comment on GENM.
With more than 50% on hand, even if he don't have the 75%, he can block all future devidend payout and other shareholder get nothing for holding on.
2 days · translate
M K Wong commented on GENM.
This explain why you should sell now
https://www.facebook.com/share/v/1CfXvkcrej/
3 days · translate
M K Wong replied to comment on GENM.
They holding more than 51% now. It may still be listed but the entire Board is controlled by them. If they don't propose any future dividend. What can you do? The shares you hold does not have any yearly dividend... who will buy from you then? The price will then remain the same. It does not matter the company profit or not.

Even if dividend was proposed, during voting... 1 person having more than 51% share holding object... Then will the resolution pass thru?
3 days · translate
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