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calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 12:54 PM | Report Abuse

After 1993 superbull was over 1994 to 1997 were very erratic years

He kept punting but the market switched from main board to second board frenzy.

And after giving back all his gains he started to lose Rm100k, then Rm200k and then Rm500k


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 12:58 PM | Report Abuse

Finally he not only gave back all his initial gains but lost a cool one million ringgit

Rm1 millions was quite a tidy sum in Batu Pahat in those days

When I was there he drove me in his Rm400k Merc Benz up Soga Hill one evening

The hills of Taman Soga got prime lands facing Batu Pahat Town

Such a beautiful sight at night

To be continued


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 1:02 PM | Report Abuse

After he lost that one million ringgit Mr N could not sleep not rest

He told me he wanted to make back his losses

But I said "You got Rm5 millions. Losing one million you still have Rm4 millions.And Rm4 MILLONS in the 1990s is more than enough to retire happily in Batu Pahat where living cost is low."


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 1:07 PM | Report Abuse

But Mr N could not let go.

So he kept playing the stock market day after day

One day I received a call from him

He said , "Long just will be suspended by this afternoon " and he has bought 800,000 shares of Long just

True indeed

Longhuat was suspended that afternoon

But nothing happened after that

As time went one Mr N lost Rm1 million
Then Rm2 million
Then three, four and finally all his Rm5 millions gone.

All gone up as The Asian Financial Crisis hit Klse and it plummeted from the peak of 1332 to the low of 261

To be continued ...


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 1:08 PM | Report Abuse

Not long just

The stock was called Long Huat


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 1:24 PM | Report Abuse

Then Mr N sold his two precious lands in Tmn Soga which he intended to build his retirement bungalow

And borrowed money from banks by mortgaging his Car Showroom lands

All these monies were also lost

Then he got the ID cards of six relatives

They let him used their ID to borrow up to Rm200k each

All Rm1.2 millions gone
And his 6 relatives were sued for bankruptcy later

There were 49 banks and finance companies
After 1997/8 Asian Financial Crisis only 10 left.

39 went bankrupt or were taken over


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 1:27 PM | Report Abuse

In the GoGo years of 1993 to 1997 borrow money quite easy
Everyone got ID could borrow up to Rm10,000 with no collateral

So in principle anyone could borrow Rm490k by borrowing up to Rm10k from all the 49 banking and loan institution

So lax was then no wonder so many went bankrupt later


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 1:31 PM | Report Abuse

Finally after Mr N had borrowed Rm1 milions from 2 banks and lost all as well he turned to the ah longs or loan sharks

Interest rate was 6% a month

Then 8%

Finally when the last Rm100k at 10% interest he told the loan shark he might have to run away

They didn't believe him because they saw his car showroom and his cars

But only if they know they were all mortgaged
to the hilt in full and over the top

To be continued.


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 1:38 PM | Report Abuse

Stupid scenary

Netx story still on

Go see Mp corp, Kbunai, Kwantas
Read the threads very very carefully

There were naysayers like Netx

In the end all ended well


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 1:42 PM | Report Abuse

Now finally Mr N left without leaving a note or word

He just disappeared from Batu Pahat

See the Story here

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-13-story-h1484835012-THE_ASIAN_FINANCIAL_CRISIS_1997_1998_Why_It_Hit_Johor_Hardest_BECAUSE_O.jsp


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 2:04 PM | Report Abuse

For many many months nobody knew where Mr N had disappeared

Not even his own family left behind in Batu Pahat

Then after very long time I received a call

Ha! Mr. N had gone hiding from loan shark at the Thai border

He smuggled petrol from Malaysia to sell in Thailand and then smuggled rice from Thailand to sell in Malaysia

He said, "My name is now changed to "Peter""

I asked, "How come you are blacklisted with no passpost can enter Thailand?"

He said, "No need passport" Can go in and out anytime

Anything goes at the Thai border in those days

Today Mr.N is ok as his children are all grown up doing real business and avoiding speculation or gambling in the stock market

BUT IT COULD BE A DIFFERENT LIFESTYLE IF HE HAD NOT TASTED EASY MONEY IN THE BEGINNING

Jesse Livermore died young by suicide because he lived the high life on tip toe by rampant speculation

Bernard Baruch lived till a ripe old age and escaped The Great Depression of 1929 - 1939 because he was a defensive Value Investor


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 2:05 PM | Report Abuse

Coming up next

Mr Ho Choy of SP Motor

Anyone still here with me?

Shall I stop here?


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 2:48 PM | Report Abuse

Ok

Ho Choy 1st brought me to see his new corner 3 storey shophouse in Bandar Sri Petaling KL

Upstairs he just newly renovated his office for Rm50,000

He said, "All free!! And free money made from the stock market"

I asked , "What stock?"
"TA White"!

To me I know next to nothing about stocks then as I was not in the stock market and missed 1993 bull run

Only in 1994 I found out there was no "TA White"

He was referring to "TA warrant"

Surprisingly, while Mr. N punted and made initial money from kimhin warrant Ho Choy also made his money from TA warrants. There were no call warrant then in those days

Alas!!

If only Ho Choy could see ahead of time

He made Rm50,000 from punting the share market to renovate his office .....only to lose his 3 storey corner shophouse worth Rm800,000 later

In total Ho Choy lost Rm3 millions borrowed from loan shark and ran away

He also changed his name to Andy


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 2:54 PM | Report Abuse

Ho Choy don't even know English and called TA warrant as TA White

So many are now punting who followed so called guru in face book

There is a difference between Investing and blind gambling

As the hokkien say

Puak kiaw puak kiaw
Su liaw liaw

Translated it means

Gambling gambling

Losing all eventually

Yesss!!!

Long term statistics have proved that eventually in the very end of end games...

80% of retail gamblers will lose money

And some literally go bankrupt!!

A few like Jesse Livermore commit suicide


scenery
610 posts

Posted by scenery > Sep 26, 2020 3:01 PM | Report Abuse

Now Netx is holding a lot of blood money from those chase due to conman calvin's hard sell. Yet they still not satisfy want more with consolidation to rob off people shares and then ask for more with RI.

This episode of robbing will only end after RI, and after they used up their money as usual, they will print money again like before. I sympathize with those newbies who fall trap on him, not him, he deserve it.


calvintaneng
39202 posts

Posted by calvintaneng > Sep 26, 2020 3:09 PM | Report Abuse

I say before and I say again

Last time Calvin promoted Kbunai at 5.5 sen
Then Kbunai fell to 5 sen and many cry father cry mother
Then Kbunai was taken private for 100% gain

So wait

Netx still an inspiring work in progress

Even Facebook and alibaba needed lots of funding in early days

Netx will yet spring a surprise in the future


Michael Kwok
2746 posts

Posted by Michael Kwok > Sep 27, 2020 8:51 PM | Report Abuse

Please,made a time horizon ex 6-12 month.If not people will confused.Maybe also percentage of return.


Mikecyc
16120 posts

Posted by Mikecyc > Sep 28, 2020 11:55 AM | Report Abuse

Haha just con artist telling lies story ke ..


Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
10125 posts

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Sep 28, 2020 12:07 PM | Report Abuse

>>>>>>


calvintaneng I say before and I say again

Last time Calvin promoted Kbunai at 5.5 sen
Then Kbunai fell to 5 sen and many cry father cry mother
Then Kbunai was taken private for 100% gain

So wait

Netx still an inspiring work in progress

Even Facebook and alibaba needed lots of funding in early days

Netx will yet spring a surprise in the future
26/09/2020 3:09 PM



>>>>>>>{




It is stories like the above that make conman calvin same as dishonest raider. Not credible.


Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
10125 posts

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Sep 28, 2020 12:09 PM | Report Abuse

https://klse.i3investor.com/servlets/pfs/123029.jsp


calvintaneng
39202 posts

Posted by calvintaneng > Sep 28, 2020 5:09 PM | Report Abuse

See the two most incorrigible spammers called 3iii and Mikecyc

Never warn people in utusan, london biscuit which gone bankrupt

Netx still an inspiring work in progress

Calvin happy to take up Netx Rights issue

As for Netx it is still a new start up like Alibaba and Facebook in early days needing funding

Now see how Calvin warned people in mmag, Bintai, myscm, parlo, inix, anzo, pdz which none of them these two low life lapsap 3iii or Mikecyc dare go warn


scenery
610 posts

Posted by scenery > Sep 28, 2020 5:48 PM | Report Abuse

conman calvin is trying to divert your attention away from

Netx which he caused all his followers to lose

until 80% the highest now but not over yet.


Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
10125 posts

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Sep 28, 2020 6:06 PM | Report Abuse

>>>>>>>

Posted by calvintaneng > Sep 28, 2020 5:09 PM | Report Abuse

See the two most incorrigible spammers called 3iii and Mikecyc

Never warn people in utusan, london biscuit which gone bankrupt

Netx still an inspiring work in progress

Calvin happy to take up Netx Rights issue

As for Netx it is still a new start up like Alibaba and Facebook in early days needing funding

Now see how Calvin warned people in mmag, Bintai, myscm, parlo, inix, anzo, pdz which none of them these two low life lapsap 3iii or Mikecyc dare go warn

>>>>>>



conman calvin is not credible. Conman shared stories of his friends who lost their fortunes in the 90s. Did conman calvin save his friends? Obviouly no. Today, conman calvin shared their stories depicting his friends as fools. In other words, among them, conman calvin was smarter.


Spare us the delusion, please.


calvintaneng
39202 posts

Posted by calvintaneng > Sep 28, 2020 6:25 PM | Report Abuse

Stupid 3iii totally missed the Ogse bull run

Also missed Glove bull run especially Supermax

Now Nfcp still ongoing

Netx shall rebound


Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
10125 posts

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Sep 28, 2020 7:17 PM | Report Abuse

>>>>>>>


Posted by calvintaneng > Sep 28, 2020 6:25 PM | Report Abuse

Stupid 3iii totally missed the Ogse bull run

Also missed Glove bull run especially Supermax

Now Nfcp still ongoing

Netx shall rebound

>>>>>>>>





Selective highlighting his gains.

Who sold 10 houses end of 2019?

Which counter (hint: N...) he invested into?

Ah yes, conman will be selling more houses to take up the RI.


Incredible indeed. :-)

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