Wednesday, August 17, 2011

Tony Pua-Can Talk Cock Don't Act Big Part 2

Philosophy Politics Economics
"But now, I've sold my shares in the company. Could I have obtained more from such a sale had I waited for another year or two or more as the company rides the upturn? Yes, most likely so. But life really isn't just about making more money."
"Before joining politics full-time in January 2007, I was the CEO and founder of a Malaysian IT company, publicly listed in Singapore. I divested all my shares in the company to be able to serve the community and take part in socio-political affairs of Malaysia."-Tony Pua, February 08, 2007
Waaaah!

Such a grandiose title for Tony "Tompel" Pua, economic whizz kid extraordinaire, blogsite.

And such a principled personality.

Yah, yah, Tompel Tony gives an explanation for his failed misadventure in Singapore.
"We faced the economic repercussions of the September 11 tragedy, followed by the pan-Asian SARS epidemic as well as the tech bust."
Or really?

1st Year 2001

Turnover SD 2,890,680
Admin/Other Operating Expense SD 1,496,229
Nett Profit SD 22,514

2nd Year 2002

Turnover SD 5,004,114
Admin/Other Operating Expense SD 5,614,447
Nett Loss SD 3,781,050

3rd Year 2003

Turnover SD 4,020,277
Admin/Other Operating Expense SD 3,249,198
Nett Loss SD 4,756,474

4th Year 2004

Turnover SD 4,729,135
Admin/Other Operating Expense SD 4,370,727
Nett Loss SD 5,645,182

5th Year 2005

Turnover SD 2,625,514
Admin/Other Operating Expense SD 3,804,936
Nett Loss SD 7,921,346

6th Year 2006

Turnover SD 5,613,133
Admin/Other Operating Expense SD 2,855,096
Nett Loss SD 8,671,292

Cyber Village Holdings Ltd Annual Report 2006
In forming our unqualified opinion, we draw attention to Note 2 to the financial statements, where it is stated that as at the financial year ended 31 December 2006, the Company's current liabilities exceeded its current assets by $498,221 and for the year the Group incurred a loss of $749,946. These factors indicate the existence of an uncertainty which may cast doubt as to whether the Group and the Company are able to continue as going concerns.

NEXIA TAN & SITOH
Certified Public Accountants
Singapore
24 March 2007

Then read this Singapore Economic Survey Series on the Services Sector 2001-2006.

Also here for Main Activities of Information and Communication Sevices.


Not only does the Tompel hoodwink, also talk cock and talk big.

PS

Tompel is ardent admirer of another Tony.

Maybe the special one, of aviation fame, could give Tompel a stint as CEO or Financial Advisor to MAS.

Aiyoh have to stop. Laugh so much..stomach pain already. Aiyoh.



4 comments:

satD said...

all his Con-Sultans semua Taliban Janggut looking ka?

How la? What economic repercussions of Sept 11?

If he was smart he would have ventured into Security Related Technology as IT spending increased massively across the globe..

Not bad SGD 22, 514 can buy one Panerai....

Why u waste time on Tompel bro...these goons all talk Cock oso kantoi...

Freddie Kevin said...

Bro satD,

Haha.

Betoi hang cakap.

Security Related Technology jaga blakang.

Very best wishes to you.

Anonymous said...

When people discover Tony F's accounting tricks, Tompel will look really amateurish.

Freddie Kevin said...

Anon 21:15,

For all the DaddyAndProgeny sycophants, we shall first establish tha Singapore is the best in this and that.

http://www.sedb.com/edb/sg/en_uk/index/why_singapore/singapore_rankings.html

So, to have failed in Singapore, is proof of Tompel Tony's incompetency in managing a business and by extension of a more critical context of his present portfolio, lacking cognition and acumen of economics.

To be the economic advisor to 3-1 state govts under the roost of father and son?

As regards to Tony F, I append their latest 2010 annual report http://www.airasia.com/iwov-resources/my/common/pdf/AirAsia/IR/AirAsia_AR10.pdf

Benefits for majority shareholders, in both public and private limited companies are obvious. Financially and administratively.

That's why there are financial and tax consultants who advise and provide maximum financial benefits within the law.

Air Asia was listed in 2004 and conduct are scrutinised by the Securities Commission Malaysia.

The bottom line for investors are their return of investments, by way of dividends, bonus issues etc.

Air Asia maiden 30% dividend was made in April this year.