Penguin International

[xlandjy]

Xlandjy: some info for your review, as I recall from memory and from other sources.

1. Agm - penguin had mentioned the loss on the report is more of a technical than actual loss, due to;
2. Penguin practicing forward contracts, which management alluded this practice as more conservative and practiced by other similar companies.
3. The ID that stood up to talk about this point was mr ong kian min, former pap mp and his cv reference:
http://www.drewnapier.com/Lawyers/Ong-Kian-Min
You might disagree with him but given his work profile, I do feel he/management must have consciously made decision to manage forex in this manner.

All being said, if you lost faith, is better to sell.

Sent from my D5503 using Tapatalk

This is a forum. All participants are at liberty to talk or express his views. As an investor, I know what to do with my holdings. I don't need you to tell me to buy or sell.

Don't you think I have the right like anybody else to express my views regardless of my holdings? By holding the Board and management accountable, I am indirectly also protecting your interest and the interest of other shareholders. I will advise you not to be so narrow minded.

Can I not criticise the management even if I chose to hold on to the shares? Just like any Singaporeans can criticise the government in power. But, it does not mean that they have to give up their Singapore home if they were not happy with the government in power? I think Mr Ong K M will agree with me on this point.