Zavarco PLC updates it's site to show a new date and time for the AGM in KL....

Zavarco PLC AGM updated........June 30th ...11AM ...and we will assume it's in KL.

Don't book your flights just yet shareholders they are bound to change it........

It's just plain old SHAREHOLDER FRAUD !!!

It's the last trading day for Vasseti Zavarco as they pull the plug on their current listing on the FSE. 

Why are they doing it again ?  Well let's look back at their 5 bonkers mad reasons.....

• The Board has detected some irregularities in the financial management of the company.
• Total smoke screen, it really took almost 4 years to work this out ?

• The alleged wrongful issue of some shares by the company to the shareholders

•  Another total smoke screen, again see above ....

• Trading of the shares is negligible

• If this is true then it's purely the fault of the company because they have been trying to hide it since the beginning of 2014....

• The company has not generated any meaningful income to sustain operations.

• Complete falsehood, unless they have been submitting fraudulent accounts and they have also completely lied about the VSAN network then how can it not make any money ?

•  Annual listing costs amounting to Euro 38,000 are burdensome and disproportionate

• No Comment, just look at the Financial Times article for ARIES TELECOMS looking at a London IPO.

Seven good words to describe the current Board of Directors, Spineless Fraudulent Wankers With Infinitesimally Small Dicks........

Please feel free to drop me and email proving me wrong.....

Aries Telecoms the new name for V Telecoms now on Bloomberg.........with a new CEO.

Aries Telecoms now on Bloomberg and look who's back as the CEO Dr James Chan Sau Meng (one of the original founders of V Telecoms)......how did he manage that one and how come he's back in there.

Vasseti Zavarco Delist day tomorrow........management on the run with shareholders money !!

A Sunday song........it's a classic

HD Technology SDN BHD..... bought for £3.1 Million pounds and then disappears without a trace ??

"9th of November 2011, the Vasseti Group buys 51% of HD Technology SDN BHD , for RM15.5 Million (3.1 Millon GBP approx). HDT is primarily involved in the Information Technology industry and has been granted the rights for the distribution of Huawei products and is the Enterprise authorized distributor for Malaysia and other territories."

OK, so at the end of 2011 The Vasseti Zavarco group buys a controlling stake in this hardware company (HDT) and we will assume for a brief minute that the company is bought to replace Vasseti Datatech, another subsidiary company of the Vasseti Zavarco that did absolutely nothing and was dropped from the group in 2012 according to the financial statements.

So they appear to have no problems during 2012 with HDT, however after checking the financial report for the company at Malaysian companies register, we find that it made a profit for the year end 2011 of RM1.6 Million (good) and then suddenly at year end 2012 it's making a loss of RM1 Million (bad) and it's revenue for that same period is now down from RM16.5 Million to RM 6 Million (again bad). 

So here we have a company happily trading since 2005 which is then bought up by Vasseti Zavarco group at the end of 2011, they appear to get 1 year out of the company (despite it making a loss) before they lose complete control and the company that has been trading for 7 years just disappears and never files another set of accounts ever again ???  Is this normal ???

IMO, this was just another method of sucking out more money, pure and simple...prove me wrong......please !!!!!

Just to note, both email and telephone are out of service and I found this little fact the Chairman of the company was a Dato' Mohamad Taufik Haji Omar and funny enough he was also or still is a Director at Vasseti Zavarco Berhad.

Notice from a shareholder please read.......

Dear Vasseti Zavarco shareholders,

We are very grateful to Marco a shareholder in Vasseti Zavarco for coming forward and actively supporting the blog.

Marco has requested that we publish his email address on the blog. Anybody wishing to contact Marco can do so below and you can share your experiences with each other over Vasseti Zavarco.

lapostadelmarco@gmail.com

I personally encourage this as it helps build a shareholder community. 

We also actively encourage all shareholders to file your complaints with the German Regulators BaFiN. Here is the email address and a link to their webpage.

poststelle@bafin.de

http://www.bafin.de/EN/Verbraucher/BeschwerdenAnsprechpartner/beschwerdenansprechpartner_node_en.html