Meet BT spammer Edmund Tan aka JAMBAN KING

Hello BT visitors >>> meet BT spammer Edmund Tan @ Spartan King @ Jamban King

This is the moron who uses ZL's name to spam Ah Seng's BC blog and use Ah Seng's name to spam ZL's blog. This is the way he showed himself 2b an oucast of the financial blogosphere.

Jamban King loses heavily trying to catch falling knives (PERWAJA) against ZL's advice and my sincere efforts to plead him NOT to post his KLCI 600 article. These 2 articles are published below in his own shiitty words.

ARTICLE #1

Monday, October 27, 2008
KLCI Next Target is 600

Posted by Spartan King
This morning, Tuesday 28 Oct, I saw KLCI opening down 50 points to 802 at more than 6% lost, I was extremely happy. I am happy that my previous target of 880 no longer becomes a joke but instead, Winbursa is now hailed by many as the number 1 Financial blog.

So the next question is, is this madness over? No, it is not over, it is what I call a perfect crisis.

I, King Spartan Edmund, is now predicting that KLCI will now hit my next target of 600. I believe many other bloggers (you know very well who I am talking about) out there who are jealous and disbelief of Winbursa ridiculous target will continue to shot and harrass Winbursa. I am not suprised as I have seen many bloggers out there begin to criticise Winbursa when my previous target of 880 was reached. I think the main reason is jealousy as I have no offended them in any way.

Again, I believe that if my prediction of KLCI hitting 600 by end of December come true, the harrasing and criticism will continue to get stronger, out of jealouse and hatred.
Whatever happened, the truth must be told-this is the number 1 rule in Winbursa. Now enjoy the ride down Spartans, and wait for my call to go to war for a at least 300% gain. And for the rest of those shitters out there, "may you live forever".

PLEASE TAKE NOTE >>> ZL DID NOT ADJUST OR EDIT A SINGLE NUMBER OR A SINGLE ALPHABET IN THESE ARTICLES ABOVE AND BELOW.

THEY ARE AS ORIGINAL AS THEY CAME WITH THE CHARTS DRAWN ON TOILET PAPER.

ARTICLE #2

Saturday, September 06, 2008
WHAT IS ACTUALLY HAPPENED TO PERWAJA?
Ok, before we even begins to find out what happened to Perwaja, lets look at what a good reputable Investment Firm have recommended on Target Price for Perwaja:-

1) HLG Research rates Perwaja shares at RM4
2) HwangDBS Vickers has a target price of RM5
3) OSK Investment Bank fairly valued Perwaja at RM4.90
4) RHB Research Institute estimates that the share price could rise to as much as RM5.75
5) KING SPARTAN EDMUND TARGET PRICE FOR PERWAJA: 1.50 (50% DOWM FROM THE IPO PRICE OF RM 2.90.
(SO LETS FARKING SEE WHO TARGET PRICE IS MORE REALISTIC, NOW YOU ALL SEE WHY I FARKING HATE ALL THE MOTHER FARKERS, AND HOW IMPORTANT IS WINBURSA NOW!)
==========================================
Message from Winbursa-Advisor Zhuge Liang
perwaja-5146
Listed 20 Aug 08
opening 2.80 down -10 sen from 2.90 IPO.

That one who dunno?
But what many traders do not know including ZL is the shares OVERHANG of PERWAJA. Being a restructered entity, how much haircut did the white knights, Kinstel for one and some other new major shareholders gave the creditors such as banks, financial institutions, suppliers or relevant biz associates? Outstandings had been for many many years, mind you.

Remember Eric Chia UMW bossman who was dragged into PERWAJA fiasco? Becoz of Eric's CBT case PERWAJA listing was delayed a few years and the accumulated loans & creditors interest (%) snowballed into tens of millions. PERWAJA hutang ZL cannot remember how many billions but their FYE losses averaged RM500 mil per annum. Eric was just a sideshow - they had nothing on him.

PERWAJA needed time to negotiate with foreign and local creditors. The Japanese & Koreans were involved. The Govt do not need a diplomatic fallout with them. The local creditors can be leashed but not the foreigners.

Eric Chia's case presented more financial headaches but valuable time to the restructurers & potential suitors or white knights. The initial proposal went into the waste paper basket.

Back to the drawing board ..... From what I heard ( I cannot confirm this ), Kinstel came into the picture only as recently as when Eric was proven not guilty and by then the hutang interest keep snowballing. It was finally agreed more new shares will be issued at a higher IPO price. The original IPO proposal was RM1.65 for public and RM1.90 for instituitional investors. RM2.90 IPO?

Nevermind, that one we know but what we do not know is : How many "extra millions" shares were added on? How much were paid to creditors in lieu of hutang. How much haircut were they pruned? Finally, how much of the :"extras" remain and in whose hand?

Research houses gave biased views and fair value using what figures? From the numbers of the original proposals? With so many questions unanswered, which analyst should we believe? NONE ...they all also tembak buta aje.

As far as the PERWAJA short-selling goes, ZL can relate better still becoz ZL had very close relationships with some traders or syndicate if that's what u wish to call them. I hv 1st hand experiences with some remisiers "working" such projects.

Naturally I went along for the free ride and made some good money as well. How does the short-selling system works? Any bankers or remisiers worth their salt should be able to deploy these schemes without much problems providing they stay within the regulatory framework. As long as the trading is concern, those with PERWAJA shares in CDS can sell then buy back same day for quick $$$ with no changes in personal volume at end of day. If they wishes to hold SHORT and buy back as late as T3 or beyond then they must inform the head honcho of this project. As if SC don't know what's happening but what can they do?

Technically there is no foul play. Which part of the equity rule books says a shareholder cannot average down? But if the creditors ended his day with the same volume as when he started, where does the sellers volume that ended up with naive suckers of PERWAJA came from?

There are many bargain hunters or falling knives catchers who keep rooting for their positions. Problem is .....roots grow downwards. Back to the mysterious VOLUMES ...... this, ZL believe, are the overhangs I refered to in email to Ed few days back. From where or who holding them ZL honestly clueless but u bet they do exist and in big numbers.too.

Bottomline is ..... there is no bottomline since we can't even guess their numbers. There is nothing, no numbers, no figures and how much balance float to even estimate when the selling stops. If it is the creditors selling and turning their papers into cash then possibly there may be some figures to estimate. For those who took by way of quick cash and still holding their allocated credit / volume payment, a pre-arranged scheme known as a 'married deal" whereby block shares changed hand off market from one shareholder to another usually in the same broking house or bank thus aka willing buyer willing seller married deal. Such deals are usually time frame gentlemen agreement between 2 parties or more. To the insider, this is a win-win situation for many concern. The creditors gets their instant interest (%) payment for holding and helping to shortsell PERWAJA.

The bankers & remisiers gets besides their regular biz, rewards for their cooperations and hardwork.The restructurers gets something for their brilliance and on top of that the opportunist who hitch hiked a free ride.

At the end of the day, it is the major shareholders who benefit the greatest when they buy that married deal off the creditors at a pre-arranged price. Imagine their stakes holding up 5% in PERWAJA at 50% discount off IPO price.

WOW! U guys just compare HUAAN & PERWAJA, the former used 2b ANTAH Holdings. Bossman Antah is #1 son of xxx who is now 10x more richer than ANTAH days. U see HUAAN anywhere near it's IPO price? PERWAJA @2.90 will be like HUAAN - a distant dream. Sorry to say this King Ed ......U had been had. And finally to end it all ....how ZL knows abt these schemes so thoroughly?

Psssttt psssttt ....ZL used 2b one such bastards before .....ssshhhhh

p/s If those mysterious hands sticks to the original restructuring proposal, then maybe, just maybe the roundabout should not be too far off RM 1.65. Just an educated guess.
Take nothing for granted ok?
Goodluck2ur PERWAJA

(King Spartan Edmund-I forget to tell you that I have cut loss Perwaja at the cut loss price of RM 2.10)
Posted by Edmund TTS at 11:17 AM 1 comments

Newly added by ZL >>> U talk RUBBISH Jamban King Edmund Tan. From what ZL found out you held PERWAJA from RM2.70 entry until T4 FORCE SELLING whereby accumulating HUGE CONTRA LOSSES unpaid until today. Your remisier dragged you to court after sending bouncers & bill collectors to your house and office on numerous occasions.

You are BLACKLISTED by SC for unsetled HUTANG so your claims today of selling 100K worth of stocks is PURE LIES >>> Show and prove ZL is a LIAR to all BT visitors >>> if you can.

What trades? Your account suspended sucker!!!

With your bearish KLCI 600 at the back of your mind you wanna contradict youself and buy THOUSANDS worth of shares? ZL doubt your ability to make a bowl of porridge if not for your Mrs and your well-to-do father in law. On your own abilities??? You'd be eating shiit like that foto exhibited in BT.

Have a nice day Jamban King @Spartan King @Edmund Tan