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LBS will not be privatize, because Tan Sri is a champion of the Chinese community. He is actively fostering relationship with China counterpart to seek investment partner. Most foreign investment prefer to deal to public listed Company than private. So till that end LBS will not privatize. Also, in order to privatize, it will require huge capital and LBS need to prioritise their cash flow on Kwasa Damansara.
One major problem after another. It feels like a coordinated attack on Zetrix by Corporate Mafia / Politician. Someone is trying to destroy and bury this Company. This feels like a very long battle ahead for TS Wong.
Other than the huge development costs and large debt, I don't really see much of concern for this Company. Technically it was just bad timing and bad luck. Share price drop was triggered because people speculate MYEG is linked to ex minister corruption case, and concidentally at the same time the auditors resign because the senior partners left the audit firm which has nothing to do with them being doubtful of the Company. Zetrix wasn't the only Company which the auditor resign from. Of course the forced selling amplified the issue but it was beyond TS Wong control.
There is possibility the Management plans to further cancel more shares in the Treasury to further stabilize the share price and improve its value. If that is true, then it is good news to us existing shareholders.
